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GreenShift Corporation Message Board

  • joltingjosephine joltingjosephine Jan 25, 2009 10:46 AM Flag

    Any hope for these guys?

    Looking at the Financials, it looks like they are headed down the same path as VSUN, PEIX, BIOF, and most of the other small-cap biofuel companies out there, of course I am talking about bankruptcy court.

    I am not being facetious, this is a serious inquiry. At least this is a real company, unlike some that I have seen hyped lately, such as NNFC, what a scam. Do they have some kind of equity financing in the works, because otherwise they look like they have another couple of quarters top, before the ceiling caves in.

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    • If you quote from a filing you are considered a raging pumper on this board so even with a PR apparently not too many people know about this:

      Under the terms of the ECCA Agreement, CleanBioenergy agreed to invest up to $38 million in GS NextDiesel to help deploy twelve corn oil extraction facilities ("COES Facilities") and to double the capacity of GreenShift's 10 million gallon per year Michigan-based NextDiesel biodiesel refinery to 20 million gallons per year.

      CleanBioenergy Partners, LLC, a Delaware limited liability company("CleanBioenergy"), a newly formed joint venture company owned by two members: one is an affiliate of GE Energy Financial Services, a unit of General Electric Company, and the other member is an affiliate of YA Global Investments, L.P., a private investment firm managed by Yorkville Advisors, LLC.

      GreenShift believes that the Initial Equity Contribution Date will occur in January 2009.

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