These are notes of a chat that Kreissler did with some of the people on IHub. I didn't listen but I summarized notes from one of the other posters. So - if there are mistakes, don't count on this. But, here is what I have.
GreenShift: GSHF's recent results for the quarter: GreenShift’s net income for the six months ended September 30, 2005, was $1,317,655, or $0.05 per share, including net unrealized appreciation of $567,017, or about $0.02 per share, and an acceleration of unrealized appreciation from periods prior to GreenShift’s conversion to a BDC of $717,000, or about $0.03 per share.
GreenShift: Net assets as of September 30, 2005 were about $6,790,000, or $0.28 per share, and were up 49% over the quarter ended June 30, 2005.
Veridium is a publicly-traded environmental management company. Veridium is currently implementing a
GreenShift: restructuring plan which includes the cessation of operations of Veridium’s industrial waste recycling facility and is
GreenShift: planned to include the reorganization of its services business. Veridium expects that these initiatives will enhance
GreenShift: operating results in the immediate term and enable Veridium to grow its business more effectively.
GreenShift: Debenture conversions are limited based on various conditions. We are actively working on refinancing all convertible debentures into a structure that sets fixed floors at prices higher than where we are now.
I can't speculate as the reasons for the decline in INSQ value. I can speak to the fact that INSQ is stronger and better than it has been before.
INSQ new temporary home page - within a week at most.
(re Onelid) We have the final design complete. Patents filed. Field testing ongoing. We are working on a distributorship agreement now with an international restaurant equipment distributor. OneLid will be available on INSEQ.com when it launches.
(Re TAZ) - What I can say is that our mobile system is nearly complete and we continue to expect deployment for demonstration purposes this year.
Kevin, You said last time that you were retiring shares of GSHF. Well the Latest report still shows the OS is over 100 million, can you explain this?
GreenShift: We will be filing an ISO plan for this in the near term, but any issuances will likely be options.
GreenShift: Jester - 107MM pre my cancellation. Subtract 47MM.
visioneer: INSQ seems to be aggresively undervalued by MM's. Is there anything in the pipeline which might have enough impact to boost INSQ to significantly higher levels?
GreenShift: Visioneer - continued profitability, INSQ store and platform, IMS and SMM deals, additional acquisitions, exclusive sale of GSHF green appliances through INSQ.com.
GreenShift: Visioneer - sure. Chart the quarterly performance from pre-revenue through to <$5MM annualized with 10% EBITDA margins.
GreenShift: Stock - there have been no new issuances
GreenShift: No Reverse Split. (re INSQ)
GreenShift: I personally believe that INSQ is at the beginning of what I intend to be a long-term growth process based on acquisitions, increased sales and technologies.
JbJester: Kevin, Thanks for coming in again! When do you expect TAZ to be fully operational and rolling in the Disaster Areas?
fishingincea: thx kevin for your being here
GreenShift: Jester - confidential. Mobile system nearly complete ... plans are to test for demonstration purposes only this year.
Mary_Smoth: What is the status of selecting sites for the TAZ on the east coast. Similarly, what's the status of selecting a site for Mean Green
GreenShift: In re TAZ and deployment ...
GreenShift: Keep in mind that this is a new technology that is doing some things that nobody has seen before and we need to be careful about how we deploy ...
GreenShift: Mary - we are targeting landfills, sewage treatment facilities, neutraceutical manufacturers, food processing, and agricultural waste processing right now. We are relentlessly focused on stimulating cash flows with TAZ, Ovation, Mean Green's technology and some of our other undisclosed proprietary technologies.
oldrastaman: what about cornell
GreenShift: Rastaman ... need to take them out at some point ... unless of course they are willing to write us a check for $20MM with fixed conversion parameters at a premium to market.
pattypatty: alot of peplpe have been burned because of Cornell Cap dealings with other companies. Would you have and clauses in yor contract to protect yourselves from them??
GreenShift: GSHF does ... yes. Their conversions are based on a 30 day lookback and they can only convert limited amounts at market. The more it runs ... the less shares they get.
stju1970: How are you be able to finance IMS, and SMM acquisitions?
GreenShift: Equity financing.
GreenShift: Debt.
GreenShift: Seller Notes.
GreenShift: Earn-outs tied to earnings.
BullDreamer: Why do we invest in Terra Pass? Do Terra Pass pay GSHF for our green technology which are responsible for cleaning up the air and environment?
GreenShift: TerraPass has an important product. It allows consumers to offset the carbon dioxide emissions from their cars.
Manwë_Súlimo: Has INSQ began working on any of the projects that were announced in the previous 2 quarters, i.e. Ovation, Mean Grean, One Lid, etc...?
GreenShift: They are working to secure contracts with large corporate fleets that cannot afford, for example, to convert to all hybrids or the like.
JbJester: Are the Shares of GSHF going to be retired before or after the dividends of greenworks and TTC are given out? Is TTC lookin to a Bright Nasdaq Future?
GreenShift: The key with TerraPass and a lot of these technologies is to use as much of the existing infrastructure as possible ...
GreenShift: The dividends will be made net of those shares. TTC - I believe so yes.
Mary_Smoth: Are government automotive fleets a likely target for the terra pass? Or is something like Weiner Transport a better and more likely target
GreenShift: Mary - yes.
GreenShift: We are currently working on several projects also that will manufacture carbon offsets or other green tags that both Sterling Planet and TerraPass can sell.
(re FLOAT of INSQ)
GreenShift: The same as it has been for a while now ... less than 500 million as I recall.
Manwë_Súlimo: There are a lot of concerns that INSQ will announce a r/s over the course of the next 12 months. Can you shed any light on this possibility?
GreenShift: There will be no reverse split.
hardboiled6: Kevin, any idea about a ball-park time-frame for IMS closure?
GreenShift: Q4 2005
visioneer: Will INSQ has any significant developments other than IMS which may enhance share value before the end of the year?
GreenShift: INSEQ will continue to execute on the same track it has been on and it will communicate the results of those developments as and when appropriate.
fletch: will there be a share buy back for insq near future
GreenShift: No plans currently.
tjnavil: Kevin, you mentioned that the dividends will be made net of those shares and in the past you've mentioned this being done before the end of the year. Is this still on track to be done before 2006? ty
GreenShift: We are shooting for a record date of 12/31. There are at least two of our portfolio companies involved.
Mary_Smoth: Do you have a schedule for bringing more companies to the OTC.BB?
GreenShift: In other words, we are planning to distribute to shareholders of record as of 12/31/05 shares in at least two of our companies.
GreenShift: We will be at 3-4 this year ... that pace should continue.
hardboiled6: Is the Army still looking at the Ovation technology?
GreenShift: Yes. Actively.
stju1970: When do expect secondary commodity would be launch?
GreenShift: A version of it will be live in the new INSEQ.com site this year.
GreenShift: Stock ... we need to wrap up within the next 5 min or so.
capNkewl: there are a few more questions in que
GreenShift: Let em all rip.
stju1970: What is your projection for Q4 2005, and all of next year revenue for Insq?
GreenShift: OK. 1970 - similar to Q3 for Q4. Next year - depends on acquisitions. |
