INSEQ Corporation (OTC Bulletin Board: INSQ) today announced the reduction of its common shares outstanding by 3,000,000,000 shares due to the conversion by GreenShift Corporation (OTC Bulletin Board: GSHF) of its 80% stake in INSEQ into 1,000,000 shares new INSEQ Series D preferred stock.
The conversion will reduce INSEQ's common shares outstanding from 4,948,173,844 to 1,948,173,844 shares outstanding. Additional information on this conversion will be available in INSEQ's Form 8K filing which will be filed later today.
INSEQ also announced its intention to file a registration statement on Form S8 today for 600,000,000 common shares for issuance under INSEQ's 2006 Stock and Stock Option Plan.
INSEQ is 80% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of natural resources including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.com.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of INSEQ Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: INSEQ Corporation
INSEQ Corporation Investor Relations, 888-833-8689, ext. 291 Fax: 646-792-2636 investorrelations*inseq.com www.inseq.com or CEOcast, Inc. for INSEQ Corporation Andrew Hellman, 212-732-4300
Copyright Business Wire 2006
-------------------- The difference between genius and stupidity is that genius has its limits
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Jordan, I hope you are not still mad with me. I told you they had to reduce the amount of stocks so that this baby could move. Stay with this stock and you will be happy. JMO
quote:Originally posted by Derrick: Jordan, I hope you are not still mad with me. I told you they had to reduce the amount of stocks so that this baby could move. Stay with this stock and you will be happy. JMO
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Remember when I said I wanted the price to go down and you wanted the price to go up? I got the stocks I wanted when it went below .005. Now I am in the position to make some serious money on this little stock.
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GREAT!!! Man I want to see this thing explode. I bought over 200k shares yesterday at .0045 and looking to double it. End of the day push to the HOD would be SWWEEEEEEET!!! GAPPER ON MONDAY!!!
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Where is all of the INSQ people - We need to be doing the wave - Share buyback and being in the energy market with all of the investors hanging around. Make some noise - This is going to be a good stock this summer!!!
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ITEM 3.02 UNREGISTERED SALE OF EQUITY SECURITIES On May 5, 2006 Inseq issued 1,000,000 shares of Series D Preferred Stock to GreenShift Corporation. In consideration of the Series D shares, GreenShift Corporation surrendered all of the outstanding shares of Inseq's Series A Preferred Stock and 3,000,000,000 shares of Inseq common stock.
This is SWEEEET NEWS heading into next week.
Derrick, did you see where we bounced off of the 50 on the RSI and the 50 MA is moving over the 200 MA. The black is getting close to crossing the red on the MACD - This week should be a really mover IMHO - We could see a golden cross forming shortly!!!
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From an IHUB poster Good read about ethanol
Auto industry goes on offense in fuel debate
Ads debut Monday as Congress looks at raising fuel economy rules.
David Shepardson / Detroit News Washington Bureau
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Do you feel the auto industry is doing enough to find alternative fuel sources? Click here to vote
Printer friendly version Comment on this story Send this story to a friend Get Home Delivery WASHINGTON -- Under increasing pressure to reduce the nation's dependence on foreign oil, the auto industry is kicking off a multimillion-dollar advertising campaign Monday to convince Congress and the public it's doing its part -- and to lobby for better consumer access to alternative fuels.
The Alliance of Automotive Manufacturers, a trade group that represents automakers including GM, Ford, DaimlerChrysler, Toyota, Mazda and BMW, is launching a campaign to recast the industry's image amid attacks from environmentalists and some oil companies that have chided automakers for failing to significantly improve fuel economy amid the recent run-up in gas prices.
The campaign's Web site, discoveralternatives.com, is already operating. The ads will offer a detailed look at vehicles already on the road that aren't gas guzzlers. In one spot, green tread marks appear on an empty Georgetown street with the slogan: "There goes another one."
"We want to let people know what we're doing. We know we have a lot to do, but we've already done a lot," said Gloria Bergquist, a spokeswoman for the trade group.
The industry says there are more than 40 alternative fuel vehicles for sale that rely on gasoline-electric power, diesel or processed corn, and 35 more will be introduced in the next year. Some 8 million alternative fuel vehicles are in use on U.S. roads today, including about 5 million vehicles capable of running on E85 -- a fuel made of 85 percent ethanol, a corn derivative.
"Automakers are part of the solution," the campaign argues. "Priorities: put more alternative fuel autos on our roads."
Big 3 feel pressure
Detroit's struggling automakers have come under increasing criticism in recent months as gas prices have climbed. President Bush has warned domestic automakers not to expect a bailout and instead to make "relevant" products.
Last week, Bush abruptly asked Congress for authority to raise fuel economy standards for passenger cars, which haven't been increased in two decades. The industry has opposed the standards because it says it would force people to buy smaller, ostensibly less safe cars.
Bush's proposal generated a speedy hearing in the U.S. House on Wednesday, and another hearing is scheduled in the Senate on Tuesday.
The growing debate over gas prices and fuel economy is expected to be front and center when Bush meets with the CEOs of Detroit's three automakers May 18 at the White House.
David Friedman, director of the Clean Vehicle Program at the Union of Concerned Scientists, dismissed the ad campaign.
"Instead of putting the engineers to work to improve fuel economy, they're using the marketers," he said. "They've got to stop looking in the rearview mirror and agree to dramatically improve fuel economy."
The cars, SUVs, minivans and other light vehicles that ply U.S. roads consume 10 percent of the world's oil supply -- much of the 20 million barrels of oil the country uses daily.
Ads target ****s
The campaign -- targeted at Congress and so-called opinion makers -- includes banner ads that will appear next week on Internet ****s heavily trafficked by congressional aides both on the left and right of the political spectrum -- dailykos.com, wonkette.com, redstate.com and corner.nationalreview.com.
The advertisements are designed to influence the intensifying debate in Washington over the role automakers should play in reducing oil consumption.
The campaign will also feature ads in the Washington Post, Roll Call, Congressional Quarterly and National Journal.
Many of the print ads offer a breakdown of alternative vehicles in use in each state. Texas has 748,000 alternative fuel vehicles, the most in the country due primarily to the large number of diesel vehicles. Michigan has 358,000 alternative fuel vehicles, the fourth highest in the nation, but just 5,236 hybrids, which is 15th highest.
Another ad reads: "The Liquid Diet We'd Like To See" and shows a fueling station with gas, diesel, ethanol and hydrogen. "As a country, we need to work together to ensure diverse energy supplies," the ad said.
Nearly all of the flexible fuel vehicles on the road today operate on regular gasoline, because out of 180,000 gas pumps nationwide, just 650 offer E85, including just six in Michigan.
Jason Vines, a Chrysler Group spokesman and critic of the oil industry, noted: "We can get all the bang for building E85 vehicles but it doesn't last very long when people don't drive by a pump that says E85."
You can reach David Shepardson at (202) 662 - 8735 or dshepardson*detnews.com
-------------------- The difference between genius and stupidity is that genius has its limits
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I agree. I was just looking over the chart and we made a bounced off of the RSI plus we had twice the volume with a favorable candlestick that we haven't seen since the middle of last month when we had the upward movement. I think that we will be able to tell more Monday and Tuesday. If the volume continues to rise as it did when went up last month we will have the same trend, which is what I think is going to happen because of the news. I look for us to see well over .02 in the short term IMO.
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