The SkunK will try to sum up the filings below. This is dangerous since I only know what I know and only see what I see - but here goes:
Adkins Energy LLC had a prior relationship with GreenShift. Generally, that relationship was as a COES customer. Presently, it is on the list of those being sued for using GreenShift's COES patent without a license. Years ago, during construction some of the contracted work was paid for by Adkins, seemingly due to GreenShift's inability to pay the sub-contractor.
Adkins paid the contractor and then went with a non-patented COES. GreenShift is still litigating the patent issue and now Adkins is suing GreenShift for the money ($130,000) that Adkins paid the subcontactor. GreenShift responds, in part, that the services Adkins paid for provided Adkins with value - value that they continue to benefit from. In any case, here is some of the related filings published together for you to take a look.
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Adkins' Motion for Breach of Contract Judgement HERE
Adkins' Memo in Support HERE
Mr. Baker's (Adkins CFO) Statement HERE
The GreenShift Filing in answer SEE HERE
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SkunK
Friday, March 25, 2011
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