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

Correction to new Schedule

SkunK

43 comments:

Abe said...

Nothing to do with the patent litigation. Good point SkunK.

Abe L.

nobody123789 said...

Any one notice that everyone but the common shareholders are getting paid? Tick, tick ....

nobody123789 said...

0.019 today?

Anonymous said...

Any one notice the BASHERS try to make the first post each morning so THEY can get paid?

nobody123789 said...

Or 0.0019? Which do you think will come first?

nobody123789 said...

I get paid either way. Nice to have such a hedge.

Slashnuts said...

GERS Restructures ZeroPoint Investment

"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!$!$!$!$!$!$

nobody123789 said...

At least they are hiring:

"ZeroPoint Clean Tech, Inc. is continuously seeking candidates for employment with expertise in biomass handling, biomass gasification, project management, and business development."

Anonymous said...

3000000 bid !

Anonymous said...

wow

Anonymous said...

whos bidding 3 milli fess up!

Slashnuts said...

nobody123...
I 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

nobody123789 said...

Someone that will BUY @ 0.0021 and SELL @ 0.003 for a $2500 profit.

nobody123789 said...

Slash's painful paranoia continues to go untreated. Sad, there are good drugs for that.

Slashnuts said...

Oops, forgot this one. The yahoo basher posted both these in the last 24 hours...

nobody123...
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!$!$!$!$!$

nobody123789 said...

While Slash is moving in and out of rational states -- the ASK is dropping.

Slashnuts said...

same Yahoo basher bashing for years...

nobody12378
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?

Anonymous said...

ask rising 2.5 gone !

Anonymous said...

GGGGGRRRRRRRRRRRRREEEEEEEEEEEEEEEEEEEEENNNNNNNNNNNNNNNNNNNNNNNNN

Anonymous said...

wrong again basher boy

Anonymous said...

bid building !

Anonymous said...

G
G
G
G
G
R
R
R
R
R
R
E
E
E
E
E
E
E
N
N
N
N
N
N

Anonymous said...

hahaha slash u rock !

Anonymous said...

slash are my eyes deceiving me or is gers GGGGGGGGRRRRRRRRRRRREEEEEEEEEEEEEEEEEEENNNNNNNNNNNNNNNNNNNNN????

Anonymous said...

3000000 bid !

nobody123789 said...

No it is four shares per penny, just where it was a week ago.

Anonymous said...

SETTLEMENTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Anonymous said...

S
E
T
T
L
E
M
E
N
T
S
!
!
!
!
!
!
!
!
!
!

Anonymous said...

But not at .0019, huh? You must be so dissapointed Basher boy!

Anonymous said...

bids up 2.2

nobody123789 said...

You do realize that you are describing small fractions of a penny?

Anonymous said...

do you realize your a jackass?

Anonymous said...

What are your posts describing, rupies? What a moron!

Anonymous said...

ask 2.8 !

Anonymous said...

GGGRRRREEEEEEEEEEEEEEEEEEEEEEEENNNNNNNNNNNNNNNNNNN

Anonymous said...

G
G
G
G
G
R
R
R
R
E
E
E
E
E
E
E
N
N
N
N
N
N

Anonymous said...

GGGGRRRRRREEEEEEEEEEEEENNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN

Anonymous said...

GiGaNtIc BiD

Anonymous said...

GERS U LOOK GOOD SLAP DAT ASK UP !!

Anonymous said...

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?!!

Anonymous said...

stocklearners nobody playing with himself

Anonymous said...

I have ignore button on both of em

Anonymous said...

n0body sucker liost haha b ack to idaho u go sucker

 
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