2012

In order to tease out the current from the things aged 90 days, here I looked at just at the 54 mentions of 2012 in the annual.  Not all 54 mentions are here - but I found these things interesting:

As of March 30, 2012, there were 23,000,139 ­­­­­­­­­ shares of common stock outstanding

We believe that we will continue to increase our market penetration during 2012.

The RFS mandate level for conventional biofuels for 2012 of 13.2 billion gallons approximates current domestic production levels.

As of March 30, 2012, we had approximately 15 full time equivalent employees. ["Equivalent" is important here.  If GreenShift has say 12 "on call" techs who live in the corn belt, run their own business, is semi-retired or whatever - and each gets about 500 hours of "on call work" - that would be 3 "equivalent" employee in my book.  My theroy, I believe is backed by an earlier LinkedIn search ]

The Company’s corporate headquarters are now located in Alpharetta, Georgia. The Alpharetta lease is a three year term that terminated on February 2012, at which time the lease was extended by another year. The monthly lease payment is $1,600.

Nosan, et at v. GS COES (Yorkville I), LLC, et. al., 
GreenShift Corporation and GS CleanTech Corporation are not currently parties to this action. On February 27,2012, the Court issued an oral ruling effectively dismissing this matter. A motion to enter an order dismissing the case will be heard on April 16, 2012. GS COES intends to vigorously defend this action. This case is in the discovery phase.  [If litigation is affecting the tone of this filing - the possibility that this case is part of the reason cannot be ignored.]

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Approximate Number of Holders of Record as of March 30, 2012
Common Stock, $0.0001 par		930

The number of holders does not give effect to beneficial ownership of shares held in the street name by stock brokerage houses or clearing agents.

Our financial performance for the balance of 2012 and beyond can be expected to be most significantly impacted by the rate at which our existing and new licensees commence production, the amount of corn oil that our licensees produce, the market price for that corn oil, the extent to which we collect reasonable royalties, and the costs incurred in our ongoing litigation for infringement of our patents.

Notwithstanding the impact of new license agreements that we may enter into or fluctuation in the market price for corn oil, we expect that our quarterly results of operations will continue to improve sequentially at least until the third or fourth quarter of 2012 as all of our existing licensees commence and achieve full production.

We expect to continue incurring substantial costs in connection with our ongoing litigation for infringement of our patented corn oil extraction technologies. These costs have increased during the second half of 2011 and are expected to continue to increase through the middle of 2012 in advance of trial, and as we expand our litigation to protect the competitive advantage of our licensees by prosecuting additional producers and other parties infringing our patents.

We owe about $27.6 million in debt to YA Global and its assignees and about $4.5 million to related parties. Our debt to YA Global and our related party lenders matures on December 31, 2012. In February 2012, we entered into an amended agreement with YA Global pursuant to which we agreed to begin servicing our debt to YA Global with cash payments of about $1.6 million during 2012 to supplement and offset equity conversion. We are otherwise not required to pay any of these amounts in cash in advance of the maturity date for the debt, and the lenders have primarily sought repayment in the form of common stock issued upon the conversion of debt. Despite this feature, repayment of the balance of these obligations in cash is an important objective for us moving forward, and we hope to complete a financing during 2012 to refinance and recapitalize all of our remaining convertible obligations.

fixed debt service requirements

2012

$

29,515,908

The Company entered into an Amended and Restated Management Agreement with YA Corn Oil on January 17, 2012, pursuant to which the foregoing amounts were reconciled, resulting in the payment to YA Global of such expense in the form of convertible debt. 
The A&R Debenture matures on December 31, 2012 and bears interest at the rate of 6% per annum.

On January 17, 2012, the Company entered into an Amended Management Agreement in connection with the YA Corn Oil Transaction (see Note 11, Debt Obligations, above), pursuant to which the Company agreed to certain terms which reconciled the impact of about $1.9 million in indemnification expenses accrued by the Company during the year ended December 31, 2011.

On February 29, 2012, the Company entered into an Amended Global Forbearance Agreement pursuant to which the Company agreed to amend the terms of the A&R Debenture issued to YA Global (see Note 11, Debt Obligations, above), to provide for about $1.6 million in cash payments during 2012.

SkunK