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Topic: GERS - Greenshift Corporation

Balder
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posted

http://www.greenshift.com/

"GreenShift develops and commercializes technologies that facilitate the efficient use of natural resources. We do so today by developing and integrating new clean technologies into existing biofuel production facilities, by selling equipment based on our technologies, and by using our technologies to directly produce and sell biomass-derived oils and fuels."
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An environmental services provider that uses patented and proprietary green technologies to minimize and eliminate the need for disposal and reduce the burden on natural resourcesby recycling and mining industrial hazardous ... (more)
2007 Revenue: $30.0M
Headquarters: New York, NY
Employees: 124
CEO: David Winsness
Net Income: $-24,307,063.0
Industry: Waste & Disposal Services
Market Cap: $7.3 M
Website: www.greenshift.com

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I just bought 50,000 shares at ~0.12 a share and since this is my first foray back into penny socks in two years I just wanted to post the company here and see if anyone has anything to say.

Anyone have any thoughts on this one?

Posts: 277 | Registered: Apr 2005 | IP: Logged |

Balder
Member

Rate Member

posted

Further research tells me this company will disolve as they probably won't be able to refinance.

I am liquidating my position as we speak, even taking a penny loss.

Too bad, this company would have had awsome potential if they wern't so screwed financially.

I'll be following this over the next year or so to see who ends up with the technology/patents they currently hold.

Sorry to waste anyone's time.

Posts: 277 | Registered: Apr 2005 | IP: Logged |

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