The number of outstanding shares of common stock as November 23, 2010 was 13,245,845,005.
The number of outstanding shares of common stock as August 23, 2010 was 1,826,864,030.
Key Highlights
The following summarizes important recent developments:
Licensing | Sales from licensing activities involving the use of our patented and patent-pending corn oil extraction processes were $5,020,992 for the nine months ended September 30, 2010, about double the $2,556,123 in licensing sales generated during the nine months ended September 30, 2009. |
Debt Repayment | We will have eliminated 29% of our debt during 2010 upon satisfaction of the closing conditions of the YA Corn Oil Transaction. |
Working Capital | We received $1,433,175 from the issuance of convertible debentures during the nine months ended September 30, 2010, which funds were used for general working capital purposes. |
Patent Protection | We have initiated legal action to defend against infringing use of our patented technologies. We estimate that more than 30% of the ethanol industry is infringing on our patented corn oil extraction technologies today. |
Proven Win-Win Alternative | We have demonstrated that infringement is counter-productive, and that ethanol producers can make more money by working with us to take advantage of our process knowledge and expertise to maximize the benefits and minimize the costs of using our patented technologies. |
High Yield | We have demonstrated that a properly designed, capitalized, integrated and operated extraction system based on GreenShift’s patented and patent-pending corn oil extraction technologies can produce corn oil at rates in excess of 4 gallons of corn for each 100 gallons of ethanol produced. |
New Agreements | During the nine months ended September 30, 2010, we entered into license agreements with ethanol producers corresponding to more than 900,000,000 gallons of ethanol production bringing our total licensed production to 1,200,000,000 gallons of ethanol. |
Plan of Operations
Our strategy for 2010 involves execution of our plan to build shareholder value by achieving the following fundamental goals:
New Licenses | Execute new license agreements during 2010 with ethanol producers corresponding to an aggregate capacity of at least 1 billion gallons per year of ethanol. | |||||||||||||||||||||||||
Profitability | Execute new license agreements by the end of 2010 such that GreenShift can achieve profitability when all licensees commence production of corn oil. | |||||||||||||||||||||||||
Debt Reduction | Continue the 30% debt reduction we realized during 2009 by reducing debt by an additional 30% during 2010. SkunK More Later | |||||||||||||||||||||||||
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14 comments:
I can't really say I'm too happy about the increase to approximately 2.9 billion shares outstanding. When will the dilution stop?
The share count in the 3Q is exactly the same as the 2Q
1,826,864,030
huh... interesting, I see that too. Why isn't the stockholders equity for common stock issued and outstanding agreeing then?
Come on negative nellies. This is a good thing. Let's be thankful for some good news for a change. I mean 30% debt reduction and another 30% rejected in 2011. Let's see how long it is until our stock reaches $1 shall we.
No dilution?, WOW! That's big news.
Looks like they had a smaller loss too, they wrote off a one time inventory charge of 1.3 mill for tax purposes.
All installments paid for 2010
In addition, installment payments are due to YA Global under the A&R Debenture at the rate of $800,000 per quarter during 2010 and $1,200,000 per quarter thereafter. The Company has made all installment payments due for 2010.
CAV debenture paid in full.
The CAV Debenture was paid in full during the nine months September 30, 2010.
Total liabilities 86,352,340 $
Loss from operations 4,327,267 $ (in nine month! this is 15,793 $ a day)
Current cash 36,993 $ (he,he,he, cash left for 2.3 days)
Net loss is even more worse: 8,115,802 $ in nine month!)
come on, this little rat-shop is broke...
just take a look at the plain figures and not at the highlighted eyewash...
someone dreams about 1 dollar per share. God blesses so much confidence...
As of the date of this third quarter report, we have executed new license agreements for use of our patented and patent-pending corn oil extraction technologies that we expect will generate royalties in excess of our break-even costs and, possibly, at a level sufficient to realize profitability depending on the amount of oil produced by our licensees and the market value of that oil. We expect that we will start realizing these increased revenues upon the completion of assembly and installation of the equipment and components needed to apply our patented technologies at the relevant licensed ethanol plants. In addition, we are currently in discussions with a number of producers with respect to new settlement and license agreements and we expect to achieve our previously stated goal of executing new license agreements during 2010 with ethanol producers corresponding to an aggregate capacity of at least 1 billion gallons per year of ethanol.
New Agreements During the nine months ended September 30, 2010, we entered into license agreements with ethanol producers corresponding to more than 900,000,000 gallons of ethanol production bringing our total licensed production to 1,200,000,000 gallons of ethanol.
Licensing Sales from licensing activities involving the use of our patented and patent-pending corn oil extraction processes were $5,020,992 for the nine months ended September 30, 2010, about double the $2,556,123 in licensing sales generated during the nine months ended September 30, 2009.
Debt Repayment We will have eliminated 29% of our debt during 2010 upon satisfaction of the closing conditions of the YA Corn Oil Transaction.
On a more interesting note.....does anyone know why Greenshifts Phone Number that is posted on their website no longer works. Makes you go hmmmmm doesn't it?
Good improvement. Q4 will be even better, most likely profitable.
The CEO just took a huge position in the common stock, he traded his prefered shares for common, which he's restricted from selling for 1 year!
This Amendment No.1 on Form 10-Q/A, which amends and restates items identified below with respect to the Form 10-Q, filed by GreenShift Corporation ("we" or "the Company") with the Securities and Exchange Commission (the "SEC") on November 22, 2010 (the "Original Filing"), is being filed in order to correct a typographical error on the cover of the Original Filing with respect to the number of shares outstanding.
As of September 30, 2010, the Company had 2,402,232,719 shares of common stock issued and outstanding. As of November 23, 2010, and as further disclosed in Note 16, Subsequent Events, in the Original Filing, the Company issued an additional 843,612,286 shares of common stock upon the conversion of debt, as well as an additional 10,000,000,000 shares of restricted common stock to Viridis Capital, LLC on November 19, 2010 upon conversion certain shares of Series D Preferred Stock. Viridis is subject to a lock-up agreement pursuant to which Viridis is prohibited from pledging, hypothecating, selling or in any way transferring its common or preferred stock in the Company including the shares described above. Thus, the Company had 13,245,845,005 shares of common stock issued and outstanding as of November 23, 2010.
some time ago someone mentioned that we stood in a turd, well i smell another reverse split comming.
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