The SkunK has worn out two keyboards in the last couple weeks as the news has come fast and furious. I have to hit my present space bar with both thumbs (OK maybe its just Fritos crumbs). In any case I thought it important to try and clear up the relationships described in the $38M dollar deal. Mr. Kevin Kreisler, the Chairman and CEO of Greenshift has been kind enough to have just answered my email.
Question:
What is your definition of "affiliate of GE Energy Financial Services" ?
Answer:
The reference to "affiliate" in each case is to a wholly-owned special purpose investment company through which the equity investment in the GS NextDiesel project is being made. Both investors are contributing capital first to CleanBioenergy Partners, LLC and then CleanBioenergy is contributing the same capital to GS NextDiesel.
Thanks for your reply,
SkunK
Sunday, December 28, 2008
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