SkunK
This is an interesting development . . .
However this comes out, you hav'ta love the drama. :~)
This is an interesting development . . .
However this comes out, you hav'ta love the drama. :~)
Saturday, March 31, 2012
BREAK the SEALS!
"The defendants in several cases have recently made a rash of filings under seal—and not just of portions of briefs, but of entire pleadings (in most cases, their answers to the third amended complaint). These filings are accompanied only by cursory motions that recite nothing more than that the filings contain confidential information or that the filing under seal “is submitted pursuant to the Court’s Protective Order.”
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Just went thru 10K, revenue down in 4 quarter, but they have nearly 2 million in receivables. At end of 2010, they had 194,000 in receivables. Also, there is deferred income of about 1.8 million I believe, which is not showing up in EPS. Not what I was expecting, but certaining not bad! GLTA Jeff
Wake up GreenShifters! Read between the lines. Where is the money going? Page 42, Non-cash performance bonus applied to convertible debentures = $4,986,568.
Payments on convertible debentures to a "related party" = $2,500,000.
Series D preferred 1,000,000 shares cannot be diluted and are worth 80% of the company. The holders include Viridus(KK)634,199shares, MIF(KK's dad) 103,534 shares, Ed Carroll(CFO) 187,500 shares, Acutus Capital(Japan) 124,875 shares.
This leaves only 20% of the company for common shareholders to hold without a vote.
Furthermore, there are the 1,000,000 series F shares held by the "inventors" (Cantrell Winsness Technologies) who are sucking down royalties from GERS royalties.
Look at the sweet deal MIF got being able to convert at 80% market price and flip for a 20% gain. MIF converted $545,624 into $109,125 profit in 9 months. I could go to the bank with that deal. Guarranteed income.
DO your own homework now!
Trustworthy lives! PuraVida Lives! Scam Scam! I just heard GreenShift goes out of business this Friday!! Sell sell! Scam! Scam!
hahahahahahah
Where would we be without these lovable contemptable basher losers?
Probably up 25%!
"they have nearly 2 million in receivables. At end of 2010, they had 194,000 in receivables."
Good point but they had nearly 3M in receivables end of 3Q. Sorry, thats not where they are hiding it.
Read the facts and make your own decisions!
Translation: Sell me all your shares for a nickle at the open! I will double my money by noon!
The carrying amount of accounts receivable has been reduced by a valuation allowance that has been set up in the amount $1,007,015 and $29,939 as of December 31, 2011and 2010, respectively
Does this mean somthing? Are they writing off a bad customer?
there was a spike before the tax expired and thena flat spoti fi so maybe its just a porduction dropped.
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