Pre-14C /// Def-14C

On 12 June Greenshift filed a Pre-14C that expanded the maximum shares allowed from 500M to 10B. http://www.sec.gov/Archives/edgar/data/1269127/000126912709000054/ger14c61209.txt

The SkunK said then that it mattered HOW and WHEN these new shares were actually brought to market.

Looking at the daily volume it is obvious that we have not had any new shares sold yet. Investors like that and the PPS has leveled off with a slight upturn. This low volume was expected however, since what we saw was a Pre-14C. That will be followed in the future by an actual Def 14C filing.
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As far as the How?
Well of course, if these new shares are used to secure the companies financial future and allow the company to restructure its debt and build out its backlog of COES to profitability, then the PPS result will likely be friendly to shareholders. If the new shares are just used to buy time as we tread water in the deep end of the pool, then we are headed nowhere fast. As they say on death row - it's all about the execution* . . .

As far as When?
The earliest shares could be brought to market is 20 days after the notification to shareholders is mailed. Given the speed of snail mail and your location, the SkunK guesses this could take one day to five days to reach you. Three is a general estimate? That would mean after you get it in the mail you have at "least" two weeks before we would see any new shares on the market.

The one thing I know about a Pre-14C is it is followed up by a Def 14C - Hence the name "Pre". That would also be an indicator and may give us "Definitive" information. For instance, it may give the date we can expect the mailing to shareholders to go out.

I expect to see the Def-14C ANYTIME NOW.

As far as the Volume? When we see daily volume above 50M -[that is not riding the crest of HUGE news] - then the SkunK will surely believe we are seeing confirmation of significant new shares brought to market.

What happens now?
"The amendment will be filed and become effective approximately twenty days after this Information Statement is mailed to the shareholders."

So look for something to be mailed to your broker - and depending on your circumstance it may be mailed directly to your home of record that your broker maintains. Two weeks after that closely monitor the volume. We will then get a glimpse on how these new "potential shares" will or will not enter the market.

Good Luck to Investors,
SkunK

*ps Sorry to have to get that pun out of my system . . .