Yeah, and if they want to appeal to "the big boys" of investing, get out of sub-pennyland, and appeal to the other SUNOCO's of the world they will have to do something to gain trust of current shareholders as well as potential ones. IMO, a share buyback as well as cancellation will do the trick. GLTA!
I personally feel that Kevin Kreisler is a very wise businessman that did whatever it took to fight for his company's survival from the infringing companies and Dave Winsness is a genius that continues to impress an industry in which he set out to improve. When you put these two men together, as determined as they are, what you'll get is a company called Greenshift Corporation. GERS in my opinion will revolutionize an entire industry, we have the need and they've created the solution.
I think a few of you here are engaging in wishful thinking regarding a buy back. Share buy backs are done with spare/excess cash flow and GERS doesn't have any. Look at the previous Qtr's report. Despite revenues being $10m for the quarter GERS net cash flow from operations for the qtr was still negative. Revenue growth takes a while to generate cash flow, and when it does GERs needs to use that cash flow to pay down the debt. It would make no sense for them to buy back shares at the same time as they were issuing new shares to pay debt interest due to lack of free cash flow.