Replies to post #29483 on Greenshift Corporation (GERS)

[Skribe]

We really need justice to step up make a decision and save our company, with continued quarterly losses how will the debt be paid off?, I'm really waiting up see how they, the management pull it off.
Only $3 million in Qtr 1? Oh well looking for a profit in Qtr 2, Hope so, but with infringing oil flooding the market and expanding without being shut down hmm?

[jimmowrey]

1 quarter does not make a year now does it?? As for the $1.6 million payment thingy, last quarter would indicate that they can't even make 1 payment of that magnitude, but then that is only 1 quarter, so nothing is settled in the $1.6 million thingy and won't be until the year is up.

I think that we can stick a fork in this one. It appears that half of the 1.6 million was paid in half of a year.

In February 2012, we entered into an amended agreement with YA Global pursuant to which we agreed to begin servicing our debt to YA Global with cash payments of about $1.6 million during 2012 to supplement equity conversion. We paid YA Global a total of about $0.8 million in cash during the six months ended June 30, 2012.

GLTA