Pre 14C

A Pre14C is out.  Maybe a Reverse Spilt by end of year.  Lots of options.
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See HERE

"At the June 4, 2010 Record Date, 13,608,278,721 of the currently authorized 20,000,000,000 common shares were issued and outstanding."

". . . a reverse split of GreenShift’s common stock at any time prior to December 31, 2010 at one of seven ratios: 1-for-2, 1-for-3, 1-for-4, 1-for-5, 1-for-10, 1-for-20, or 1-for-50, as selected by the Board of Directors in its sole discretion."

"The convertible debt instruments held by YA Global require that GreenShift maintain a sufficient number of shares of authorized common stock to enable conversion of the convertible debt issued by GreenShift to YA Global."

"Additional reasons for the reverse split and increase include:



Ø Management plans in the future to pursue opportunities to obtain the capital in order to fully implement GreenShift’s business plan. A reserve of common shares available for issuance from time-to-time will enable GreenShift to entertain a broad variety of financing proposals.

Ø Management may utilize the additional shares in connection with corporate acquisitions, joint venture arrangements, or for other corporate purposes, including the solicitation and compensation of key personnel.

Ø There are additional outstanding debentures issued by GreenShift that are convertible, at the instance of the debt-holders, into GreenShift common stock."

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SkunK