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Greenshift Corporation (BB:GERS)
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02 May 2008, 04:17 PM EDT Rating: 
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Msg. 3996 of 9411
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I am in a hurry, Make of this what you will but don't expect me to explain. I just asked about further dilution and the state of other CICS anthe other , I am in a hurry , by Ed - YA Global Investments has filed conversions into about 800,000 shares in April. Thus, the current o/s is about 67MM shares. As previously discussed, we have arranged for repayment of our now less than $6.25MM in convertible debt with the proceeds of the sale of our stake in GS EnviroServices and we have budgeted to make additional monthly cash payments against this debt (thus preempting additional conversions) out of our cash flows. And, as previously announced, we intend to refinance the remaining balance with traditional debt as soon as possible off the back of our now-proven and currently-increasing cash flows. I am highly confident that we will minimize conversions and then completely eliminate this convertible debt during this calendar year. 100% of our focus is on execution of the GERS business strategy as outlined in our annual report. My personal focus will continue to be entirely invested in these activities. As a fiduciary of CICS and ESYM, I recognize that these companies require senior management teams, growth capital and development that is strategic to each of their stated business focus. Given my focus on GERS, I have retained professionals to seek out new management, investments and acquisitions for each of these businesses. Additional disclosures will be made by each company as and when appropriate. Thanks, Kevin - - - - - View Replies » |
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