Between December 22, 2014 and March 9, 2015 GreenShift Corporation has issued 596,357,050 shares of common stock upon the conversion of debt. There are now 1,733,158,210 shares of common stock outstanding. The new shares were issued in separate transactions with investors, each of which exercised its right to convert derivative securities issued by the Company in prior periods. The issuances were exempt from registration under Section 5 of the Securities Act by reason of Section 4(2) of said Act, as the investors were sophisticated, were given access to information about the Company, and had taken the securities for investment. There were no underwriters.
See Here
SkunK
somebody invested
ReplyDeleteInvestors stepped up; mom, dad, Aunt Mindy and Uncle Maury...
ReplyDeleteSomebody invested? You guys are hilarious! You wouldn't know convertible dilution if it slapped you in the face, which it does daily. Next stop, bankruptcy. KK should be tarred and feathered, run out of town on a rail and NEVER be allowed near a public company again.
ReplyDeleteIf they are getting ready to get liquidated, why would debt investors would convert their debt into shares???
ReplyDeleteDuring liquidation procedures debt holders get priority over shareholders.
"...each of which exercised its right to convert derivative securities issued by the Company in prior periods."
ReplyDeleteThat's not too difficult to understand.
GreenShift Receives Notices of Allowance on Three New Corn Oil Extraction Patents
ReplyDeleteALPHARETTA, GA. — GreenShift Corporation (OTCQB:GERS) announced today that the U.S. Patent and Trademark Office (“USPTO”) recently issued Notice of Allowances for the following U.S. Pat. Application Nos.:
•13/450,997 titled “Methods of Processing Ethanol Byproducts and Related Subsystems” (the “’997 Patent Application”) on December 19, 2014;
•13/185,841 titled “Method and Systems for Enhancing Oil Recovery from Ethanol Production Byproducts” (the “’841 Patent Application”) on December 24, 2014; and,
•11/908,891 titled “Methods and Systems for Washing Ethanol Production Byproducts to Improve Oil Recovery” (the “’891 Patent Application”) on December 26, 2014.
The Notices of Allowances for these applications were issued by the USPTO after a review of a recent Summary Judgment decision and other filings by the defendants in an ongoing infringement action against multiple defendants by GS CleanTech Corporation, a subsidiary of GreenShift. Each of the recently allowed patent applications was examined and considered patentable by a different examiner and after each had considered the Summary Judgment decision.
The Summary Judgment issued on October 23, 2014 by the District Court in Indiana and ruled in favor of defendants on their motions for summary judgment alleging that the corn oil extraction patents issued to GS CleanTech were invalid, including US Pat. Nos. 7,601,858 and 8,168,037. As previously announced GreenShift intends to appeal the Summary Judgment decision. Under applicable standards, a patent is not invalid until and unless a final judgment of invalidity is rendered after all available appeals have been exhausted.
“We believe in our intellectual property rights and the system of checks and balances designed to protect those rights, both in the patent office and the courts,” said Kevin Kreisler, GreenShift’s chief executive officer. “We will appeal the Summary Judgment ruling at the appropriate time. In the meantime, we remain focused on growth, innovation and bringing value to our licensees.”
Coverage of Allowed Claims
The allowed ‘997 Patent Application is a continuation application of US Pat. No. 7,601,858, and involves the concentration and mechanical processing of thin stillage to recovery at least a portion of the oil from the concentrate. The ‘891 Patent Application and the ‘841 Patent Application are continuation applications of US Pat. No 8,168,037. The allowed claims in the ‘841 Patent Application cover processes directed to evaporating thin stillage to reduce water content, recovering oil with a horizontal centrifugal three phase decanter, evaporating the concentrate to further reduce its moisture content, and mixing the evaporated concentrate with distillers wet grains. The allowed claims in the ‘891 Patent Application include processes directed to washing whole stillage with thin stillage to increase the oil content of the thin stillage, followed by concentration and recovery of oil.
The Notices of Allowances for these applications were issued by the USPTO after a review of a recent Summary Judgment decision and other filings by the defendants in an ongoing infringement action against multiple defendants by GS CleanTech Corporation, a subsidiary of GreenShift. Each of the recently allowed patent applications was examined and considered patentable by a different examiner and after each had considered the Summary Judgment decision.
Each of the recently allowed patent applications was examined and considered patentable by a different examiner and after each had considered the Summary Judgment decision.
ReplyDelete13/450,997 NOA fee due 3/19/15
13/185,841 NOA fees due 3/24/15
11/908,891 NOA fee due 3/26/15
... and in the meantime, they have to give $120k worth of shares to debt holders for them to dump (latest 8k) LMAO! Anyone that thinks this company is remotely healthy refuses to acknowledge the truth. Reverse split #6 and/or bankruptcy is right around the corner in my opinion. The writing is on the wall.
ReplyDeletehttp://www.themoldingblog.com/2015/03/17/ethanol-technology-spinoff-offers-green-plastics-additive/
ReplyDeleteLOL hey now THERE'S another carrot to hang out there pre reverse split #6! I'm sure some poor sap will get sucked in as usual. Watching GERS for the last 2 years has been a great study of wall street scams.
ReplyDeleteAlways follow the money... in this case, straight to YAGI. Toxic financing dilution is GERS' death nail.
• Currently have 50 significant customers
ReplyDeletewith expressed interest to trial
• 20 Customer trials in queue; 7 customers
with dedicated R&D Programs
... and nothing to show for it but over $100 million in losses for investors.
ReplyDeleteMaterial is being supplied now from pilot-scale plants. An American production plant with a capacity of around 40 million pounds is projected in 2016.
ReplyDeleteWhich means nothing to investors since they've been scammed them from day 1. GERS is nothing but a no bid, reverse splitting bottomless pit.
ReplyDeleteThe Notices of Allowances for these applications were issued by the USPTO after a review of a recent Summary Judgment decision and other filings by the defendants in an ongoing infringement action against multiple defendants by GS CleanTech Corporation, a subsidiary of GreenShift. Each of the recently allowed patent applications was examined and considered patentable by a different examiner and after each had considered the Summary Judgment decision.
ReplyDelete•13/450,997 titled “Methods of Processing Ethanol Byproducts and Related Subsystems” (the “’997 Patent Application”) on December 19, 2014;
•13/185,841 titled “Method and Systems for Enhancing Oil Recovery from Ethanol Production Byproducts” (the “’841 Patent Application”) on December 24, 2014; and,
•11/908,891 titled “Methods and Systems for Washing Ethanol Production Byproducts to Improve Oil Recovery” (the “’891 Patent Application”) on December 26, 2014.