I am the SkunKhunter. I hunt down SkunK stocks. Those are stocks that have been beat down past any reasonable justification. I try to ride the stock up as market forces eventually right the ship of PPS. A SkunK is not a herd animal. He is a scavenger who knows that arriving before the herd means big profits and clean shoes. This is the journey of the GreenShift Corporation. Updated weekly between COB Friday and Sunday evening. (Disclaimers on Bottom of Site)
Tuesday, May 21, 2013
Court Rulings
Summary Motion Denied This is about GERS trying to get the Adkins counterclaim for breach of contract thrown out right away. This is not a ruling on the patent litigation. New Schedule
"The Company holds a minority investment in ZeroPoint Clean Tech, Inc. ("ZeroPoint"), a renewable energy technology and project development company. ZeroPoint believes that it has developed a highly efficient biomass gasification process capable of converting biomass into renewable synthesis gas to create carbon-neutral energy."
"Effective April 4, 2013, the Company and ZeroPoint entered into a series of agreements pursuant to which the Company restructured its investment in ZeroPoint. The Company agreed to exchange 113,800 shares of ZeroPoint Series A preferred stock for 113,800 shares of ZeroPoint common stock, plus a 3% promissory note with a principal balance of $2,501,324 (the "ZeroPoint Note")."
"The ZeroPoint Note is due and payable upon the completion by the Company of one or more transactions which leads to a successful financing for a project utilizing ZeroPoint technology, in which case the ZeroPoint Note shall be payable at a rate equal to 20% of the gross profit produced by any such projects. The ZeroPoint Note may alternatively become due and payable upon the completion of an acquisition, merger or other sale involving ZeroPoint stock in which the valuation ascribed to ZeroPoint stock is in excess of $75,000,000."
"In any such event, the ZeroPoint Note shall be payable to the extent that the value of any such transaction exceeds $75,000,000. ZeroPoint shall have no obligation to repay the ZeroPoint Note in the event that none of the foregoing transactions have been completed within three years of the issuance date of the ZeroPoint Note. The Company accounts for its investment in ZeroPoint under the cost method. Application of this method requires the Company to periodically review these investments in order to determine whether to maintain the current carrying value or to write off some or all of the investment. While the Company uses some objective measurements in its review, the review process involves a number of judgments on the part of the Company’s management. These judgments include assessments of the likelihood of ZeroPoint to obtain additional financing, to achieve future milestones, make sales and to compete effectively in its markets. In making these judgments the Company must also attempt to anticipate trends in ZeroPoint’s industry as well as in the general economy."
"While the Company has not yet made a determination as to whether or not the terms of the April 4, 2013 restructuring transaction have an impact on the current carrying value of the Company’s investment in ZeroPoint, the Company’s management intends to complete that determination during the quarter ended June 30, 2013."
"ZeroPoint Clean Tech, Inc. is continuously seeking candidates for employment with expertise in biomass handling, biomass gasification, project management, and business development."
Had to come back over here. Starting to get sick listening to Stocklearner kissing Nobody's ass! I wonder if he realizes he's sucking up to PAID BASHER?!!
Nothing to do with the patent litigation. Good point SkunK.
ReplyDeleteAbe L.
Any one notice that everyone but the common shareholders are getting paid? Tick, tick ....
ReplyDelete0.019 today?
ReplyDeleteAny one notice the BASHERS try to make the first post each morning so THEY can get paid?
ReplyDeleteOr 0.0019? Which do you think will come first?
ReplyDeleteI get paid either way. Nice to have such a hedge.
ReplyDeleteGERS Restructures ZeroPoint Investment
ReplyDelete"The Company holds a minority investment in ZeroPoint Clean Tech, Inc. ("ZeroPoint"), a renewable energy technology and project development company. ZeroPoint believes that it has developed a highly efficient biomass gasification process capable of converting biomass into renewable synthesis gas to create carbon-neutral energy."
"Effective April 4, 2013, the Company and ZeroPoint entered into a series of agreements pursuant to which the Company restructured its investment in ZeroPoint. The Company agreed to exchange 113,800 shares of ZeroPoint Series A preferred stock for 113,800 shares of ZeroPoint common stock, plus a 3% promissory note with a principal balance of $2,501,324 (the "ZeroPoint Note")."
"The ZeroPoint Note is due and payable upon the completion by the Company of one or more transactions which leads to a successful financing for a project utilizing ZeroPoint technology, in which case the ZeroPoint Note shall be payable at a rate equal to 20% of the gross profit produced by any such projects. The ZeroPoint Note may alternatively become due and payable upon the completion of an acquisition, merger or other sale involving ZeroPoint stock in which the valuation ascribed to ZeroPoint stock is in excess of $75,000,000."
"In any such event, the ZeroPoint Note shall be payable to the extent that the value of any such transaction exceeds $75,000,000. ZeroPoint shall have no obligation to repay the ZeroPoint Note in the event that none of the foregoing transactions have been completed within three years of the issuance date of the ZeroPoint Note. The Company accounts for its investment in ZeroPoint under the cost method. Application of this method requires the Company to periodically review these investments in order to determine whether to maintain the current carrying value or to write off some or all of the investment. While the Company uses some objective measurements in its review, the review process involves a number of judgments on the part of the Company’s management. These judgments include assessments of the likelihood of ZeroPoint to obtain additional financing, to achieve future milestones, make sales and to compete effectively in its markets. In making these judgments the Company must also attempt to anticipate trends in ZeroPoint’s industry as well as in the general economy."
"While the Company has not yet made a determination as to whether or not the terms of the April 4, 2013 restructuring transaction have an impact on the current carrying value of the Company’s investment in ZeroPoint, the Company’s management intends to complete that determination during the quarter ended June 30, 2013."
http://www.sec.gov/Archives/edgar/data/1269127/000109690613000802/greenshift.htm
Good Luck To All!$!$!$!$!$!$
At least they are hiring:
ReplyDelete"ZeroPoint Clean Tech, Inc. is continuously seeking candidates for employment with expertise in biomass handling, biomass gasification, project management, and business development."
3000000 bid !
ReplyDeletewow
ReplyDeletewhos bidding 3 milli fess up!
ReplyDeletenobody123...
ReplyDeleteI view this as a gamble, not an investment.
todu5613...
It is a form of gambling not an investment as we once thought
I think Id rather gamble it here and it would certainly be more entertaining
This is not a serious investment but it is just a game
which makes our investment/gamble worth less
MOST penny stocks are not investments, they are gambles
Id much rather this gamble/investment pay off
Id like to have my .36 post RS investment/gamble back and .051 is a long way from that and so many more here are in at way more than I am
has cost him 90% of just that investment/gamble
After all this is an investment or gamble
Some people just love to gamble and if they didnt casinos and GERS would not be in business
this is a huge gamble they get what they deserve. This is their entertainment not an investment
everyone that has invested/gambled in GERS
This is for gamblers that have money to lose and not for investors.
It may even pay off someday but then that is the gamble.
I cant see that this is a worthwhile investment but is a good gamble.
It is quite a gamble and not really a good investment
money on this "investment" better known as a gamble
Gambling and entertainment purposes only, not a real investment
After all shareholders havent done anything but invest/gamble money here
Anyone that really thinks that is a serious investment needs mental health help. THis is nothing but a playground for gambling some money
if others choose to invest or gamble here as now it has a history
Besides Im about out of play/gambling money and have to save what I have for real investments
This is not a good place to invest, just gamble
Someone that will BUY @ 0.0021 and SELL @ 0.003 for a $2500 profit.
ReplyDeleteSlash's painful paranoia continues to go untreated. Sad, there are good drugs for that.
ReplyDeleteOops, forgot this one. The yahoo basher posted both these in the last 24 hours...
ReplyDeletenobody123...
I view this as a gamble, not an investment.
todu5613...The only reason left to even come here is for entertainment purposes as it isnt a worthwhile investment or even a gamble
Good Luck To All!$!$!$!$!$
While Slash is moving in and out of rational states -- the ASK is dropping.
ReplyDeletesame Yahoo basher bashing for years...
ReplyDeletenobody12378
Is that a new all-time low or our my eyes deceiving me?
todu5613a
Did I read that $1 or are my eyes deceiving me?
nobody12378
New all-time low...time for the next R/S?
todu5613a
New all time low...Isnt it about time for another R/S?
ask rising 2.5 gone !
ReplyDeleteGGGGGRRRRRRRRRRRRREEEEEEEEEEEEEEEEEEEEENNNNNNNNNNNNNNNNNNNNNNNNN
ReplyDeletewrong again basher boy
ReplyDeletebid building !
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hahaha slash u rock !
ReplyDeleteslash are my eyes deceiving me or is gers GGGGGGGGRRRRRRRRRRRREEEEEEEEEEEEEEEEEEENNNNNNNNNNNNNNNNNNNNN????
ReplyDelete3000000 bid !
ReplyDeleteNo it is four shares per penny, just where it was a week ago.
ReplyDeleteSETTLEMENTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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But not at .0019, huh? You must be so dissapointed Basher boy!
ReplyDeletebids up 2.2
ReplyDeleteYou do realize that you are describing small fractions of a penny?
ReplyDeletedo you realize your a jackass?
ReplyDeleteWhat are your posts describing, rupies? What a moron!
ReplyDeleteask 2.8 !
ReplyDeleteGGGRRRREEEEEEEEEEEEEEEEEEEEEEEENNNNNNNNNNNNNNNNNNN
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ReplyDeleteGiGaNtIc BiD
ReplyDeleteGERS U LOOK GOOD SLAP DAT ASK UP !!
ReplyDeleteHad to come back over here. Starting to get sick listening to Stocklearner kissing Nobody's ass! I wonder if he realizes he's sucking up to PAID BASHER?!!
ReplyDeletestocklearners nobody playing with himself
ReplyDeleteI have ignore button on both of em
ReplyDeleten0body sucker liost haha b ack to idaho u go sucker
ReplyDelete