Attis Industries Acquires Clean Technology Licensing Business
See HereSkunK
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)
16 comments:
Skunk,
To be honest this leaves with more questions than answers. Willing to weigh in on why you think this is huge news?
For one this, this is good news:
"The Company agreed to pay an earn-out based purchase price with a floor of $18 million. An initial payment was paid at closing in the form of restricted shares of the Company’s stock, including 180,000 shares of the Company’s Series G preferred stock. GreenShift is required to use the first proceeds received upon sale of the shares to pay or refinance its senior secured debt."
I read the entire release and it definitely bolsters our resources. I find it reassuring that Attis, upon review of all the facts, agrees with the USPTO and their rulings. What is troubling to me as a common shareholders is, how does this help the share price? I repeat, common shareholder, not preferred shareholder...
All that being said, the share price hasn't moved higher on this news...
I am not sure that it bolsters OUR resources. The $18 million is ear marked to pay its senior secured debt that is already in place. Also note that noen of the releases indicate that GERS is a publicly traded company. Until KK comes forward with additional communication as to the meaning of the Attis, Flux, Genarex, GERS complex onion, why would any one through money at this?
They don't have $18 million in debt.
Everything will be reversed on appeal.
Look's like KK is back to work. Expect a filing soon.
No one outside the inner circle has any idea how much debt we have. There has been no filing in a year and a half. Clearly KK does and he authored the agreement for the money be directed to pay-off senior secured debt. A very unusual clause for such an agreement.
It is correct, Attis has bet $18 million on the outcome of the appeal. In that regard, they are in our camp.
Yes we need a filing, we have for many months addressing many substantive events. EXPECT one -- no!
I'm surprised to see 12% licensed, $7 million revenue. That's much higher than last reported.
What's this news about blockchain for the agri industry?
Actually, based on the last 10K (TWO YEARS AGO) GERS had $9.5 million in revenue. The gross margin, cost of goods is in line with the 30% we have seen for years.
$1.2 million in the last quarterly. $3.5 million for the nine months ending 2016. So why the big jump to $7? And since when did they get 12% of the industry licensed? They must see strength in the appeal too?
I was never not at work.
I continue to be amazed by how dedicated and well informed each of you are. I've forgotten how many times I've been asked if I was SkunK. I always said that I'm not, but that I'd be proud to shake his hand if I ever met him.
Ditto for each of you. Your patience and support has never been forgotten. Each of us has bled to build value for the industry. It's high time that our shareholders had a chance to participate in that value. All of our shareholders.
We're about to pay off the last remnants of our debt from before the crash. We're about to file our appeal. And, by virtue of this deal, regardless of what happens with the litigation, we're about to start growing again.
All questions will be addressed.
Thank you.
Kevin
I would be absolutely honored to shake your hand and thank you for what you did for my friend's family. To thank you for inventing and commercializing the saving grace of the ethanol industry. To thank you for not only keeping this company alive, but positioning it to thrive. I believe bio-based plastics are the future and this technology will be bigger than oil extraction.
May I propose a shareholder meeting, either formal or informal? It would be nice to put a face to a few of the folks that've been fighting for this company. To prove to those in attendance I'm not you or SkunK, lol..I've been flattered with accusations of being both.
The anticipation alone for this type of transparency would be a big boost to shareholder confidence, not to mention the PPS.
Good Luck To All!$!$
Slash - thank you for the kind words. If you're talking about the funeral donation, then it was the least we could have done. Please accept our belated condolences. A shareholder meeting is an excellent idea.
Thanks,
Kevin
I have proposed that we meet at the Federal Circuit Court House, 717 MADISON PLACE, N.W. WASHINGTON D.C. 20439 for the oral argument; whenever they are held. Another venue sooner would also be appealing.
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