Friday, March 7, 2014

Million or more

"Should damages be awarded, the Company estimates that damages would be based on a reasonable royalty to, or lost profits of, GS Cleantech. If the court deems the case exceptional, attorney's fees may be awarded and are likely to be $1,000,000 or more."

See Here bottom of page 17


PS  The individual who wrote this is saying that the GreenShift attorneys fee award alone could be over a million dollars.  Likely that is not what they meant.  Or is it?  Certainly "a lot of dough" comes across plainly.  Remember this is one of many defendants.


Slashnuts said...

WoW SkunK, you're right! That is huge!$!$!$!$

CC's contingency fee from $100's of millions would be at least $10's of millions. GERS would be reimbursed all of that.

Back oil royalty's X triple damages plus attorney fees of $1M or more...per defendant!

Reimbursement of attorney fee's alone would likely clear all debt.

"Those statutes contain language similar to that of [17 U.S.C.] § 505, with the added proviso that fees are only to be awarded in “exceptional cases.” 35 U.S.C. § 285 (patent) (“The court in exceptional cases may award reasonable attorney fees to the prevailing party”); 15 U.S.C. § 1117 (trademark) (same). "

Anonymous said...

It is some what reassuring that GERS is run by an attorney, I think... All i's will be dotted and t's will be crossed regarding what is necessary for the legal fees to be covered. Fast-forward a few weeks/months from now, huge!

Anonymous said...

you sure it's not triple attorney costs. hehehe

Slashnuts said...

Infringers Patent Application Rejected 3rd Time Today 3/7/14!$!$!$

Today, 3/7/14 the application was rejected again!

This application was an attempt by an infringer to go around GERS' solid family of patents. Rejected 3 times!$!$

Rejected infringer oil extraction application # 13/292,266 BIO-OIL RECOVERY SYSTEMS

1st rejection 3/27/12
2nd "final" rejection 10/3/12

On 2/4/13 Infringer ICM asked the patent office to reconsider the "final rejection".

The USPTO reconsidered ICM's application but found..."Applicants arguments have been fully considered but are not persuasive." "all calims rejected 3/7/14".

Anonymous said...

Last: 0.001
Change: +0.0003 (42.86%)
Bid/Size: 0.0009/4,140,700
Ask/Size: 0.001/2,157,140
Volume: 95821503

Anonymous said...


Anonymous said...

If this company is for real why is the stock so cheap?

Dr. GreenThumb said...

Hello my name is Dr. GreenThumb

If you didn't buy this stock then you are dumb.
Go drown your sorrows with a bottle of rum.
Watching it gain will make your brain numb!

ooh aah ooh aah ooh aah ooh aah

Slashnuts said...

GreenShift, A Cash Cow, Cash is Up 6 Consecutive Q's...

The cash level of 4,296,586 was as of the end of Sep, Q313.

Cash levels have consistently increased every quarter for the last 6 consecutive quarters.

It's been 6 months since the last reported $4.3M. Cash reserves have continued to grow, IMO.

On average, GERS added $575,000 in cash every Q for past 6 Q's.
Being that Q114 is now over, and continuing with the same average cash gain of $575K, GERS cash as of today would be $5,500,000 or roughly $1/2 cent per share cash.

However, I think it's higher than this for several reasons.

#1 GERS licensed producers have been operating at maximum capacity, buying out competitors, and bringing idle plants back on-line.

#2 GERS just announced gaining 4 new customers in just a matter of weeks. They've averaged 2.8 licensee's a year.

#3 Corn oil prices are up, increasing 10% so far this year. A 10% increase in revenue/cash could be at least another $500,000 every 3 months.

#4 New Equipment sales worth millions...

Cash level History...
Look at That Cash Growing!













Good Luck To All!$!$!$!$!$

Anonymous said...

To the Holders of the Voting Stock:

The purpose of this Information Statement is to notify you that the holder of shares representing a majority of the voting power of GreenShift Corporation (the “Company”) has given its written consent to a resolution adopted by the Board of Directors of the Company to amend the articles of incorporation so as to effect a reverse split of the Company’s common stock in a ratio of 1-for-100. We anticipate that this Information Statement will be mailed on March __, 2014 to shareholders of record. On or after April __, 2014, the amendment of the articles of incorporation will be filed with the Delaware Secretary of State and will become effective.

The Board of Directors approved the amendment primarily in order to comply with GreenShift’s agreements with its lenders, particularly its senior creditor, YA Global Investments, L.P. (“YA Global”). The convertible debt instruments held by our lenders require that GreenShift maintain a sufficient number of shares of authorized common stock to enable conversion of the convertible debt issued by GreenShift to its lenders. The Board of Directors anticipates that in the near future GreenShift will have no shares available for issuance upon conversion and will therefore be in default of those debt instruments. Although GreenShift’s ambition is to satisfy its debt to its lenders in cash deriving from operating activities or one or more potential future financing transactions, it is necessary that the potential for default be eliminated.

In addition, until we are able to fully pay off our remaining debt, our lenders will continue to have the right to receive payment upon demand in the form of common stock at a discount to its market price. The market price of our common stock in recent months has been only slightly higher than its par value. Since we are not permitted to issue common stock for consideration less than par value under Delaware law, if the market price falls to a level at which the conversion price of our lender’s debentures is less than par value, we will be forced to incur costly penalties at the time of each issuance of shares to our lenders. A reverse split would allow the Company to avoid these costs and the potential future debt default.

Delaware corporation law permits holders of a majority of the voting power to take shareholder action by written consent. Accordingly, the Company will not hold a meeting of its shareholders to consider or vote upon the amendment of the Company’s certificate of incorporation.

Slashnuts said...

GreenShift Announces 1/100 RS. AS reduction of 88%...

What a small amount, 1/100? The last was 1/1000. I think the biggest news here is an 88% reduction in the authorized share count. When did that happen? This could be good.

In Q313, 20 billion shares were authorized. The PRE14c said only 2.5 billion were authorized as of March 6. After the split 2.4 billion will be authorized.

GERS stock is currently commanding a $2 million dollar market cap.

Good Luck To All!$!$!$!$

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