Post by JJSeabrook on Apr 17, 2006 21:24:49 GMT -5
Here's why todays 10k shows only 367 million shares OS....I think.
"On the issue of INSEQ's capital structure, while we made positive
strides during the third quarter 2005 with the elimination of about
650 million shares of common stock and warrants, our growth plans require us to seek out new opportunities to achieve similar results.
We have accordingly cancelled certain financing agreements and we continue to expect that we will restructure GreenShift's stake in INSEQ in line with the completion of INSEQ's refinancing of its equity based convertible debentures. The conversion of GreenShift's stake can be expected to decrease INSEQ's common stock outstanding by about 3 billion shares."
Heres the full Shareholder letter from Jan 2006....
INSEQ Releases Shareholder Letter
Tuesday January 3, 9:19 am ET
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Jan. 3, 2006--INSEQ Corporation (OTC Bulletin Board: INSQ - News) chairman, Kevin Kreisler, issued the following correspondence to its shareholders today:
Dear Shareholders:
We accomplished much during 2005 and we continue to make significant
strides in INSEQ's growth, but I wanted to take this opportunity to
update you on several of our key initiatives.
First, we have not yet closed on our planned acquisitions of
Independent Metal Sales, Inc. ("IMS") and an Ohio based Specialty
Metal Manufacturer ("SMM"). The primary reason for this is our desire
and need to refinance INSEQ's current equity based convertible
debentures simultaneously with the closing of more conventional
asset-based financing for the IMS acquisition. Absent such a
refinancing, the new consolidated company's capital structure will be
potentially subject to substantial additional dilution and it has been
and remains our plan to minimize this effect as much as possible as we
grow. We are working with qualified financing sources on this front
and we expect resolution of our path forward in the near term. While I
would like to be more specific on the time frame, the refinancing of
INSEQ's current convertible debentures is a complicated undertaking
given their structure and we have already seen prior delays on this
transaction.
Acquisitions nevertheless remain a key element of INSEQ's business
model; we completed four strategic acquisitions and investments during
2005 - Warnecke Design Service, Inc., Separation and Recovery
Technologies, Inc., Electronic Scrap Recycling Corporation ("ESRC"),
and Air Cycle Corporation - and we have several more targeted.
The acquisition of ESRC allows INSEQ to establish a foothold in the
e-waste recycling business - ESRC's business model is based on
building, owning and operating innovative e-waste processing systems
that utilize a number of proprietary technologies to enhance operating
efficiencies. ESRC also plans to build and sell custom e-waste
recycling systems that accomplish this on a distributed basis for
targeted third party clients. E-waste recycling typically yields two
classes of salable secondary commodities, plastics and metals, which
INSEQ plans to sell through its distributor relationships and its new
online portal. Importantly, the e-waste recycling market is highly
fragmented, with a large number of small but asset-rich companies
operating on thin margins that we believe we can improve upon - both
through the use of our various proprietary technologies and through
standard consolidation savings. We have consequently targeted several
additional e-waste recycling companies for potential acquisition.
Not only is ESRC strategic to Warnecke Design - INSEQ's manufacturing
division - given ESRC's specialty equipment manufacturing needs, but
it is also strategic to Air Cycle as well. Air Cycle is a lamp,
ballast, battery and e-waste recycling company with a substantial
client base and strong marketing capabilities, both of which lend
themselves to ready cross-selling opportunities with ESRC. Further,
the lamp and lighting recycling market is also filled with a large
number of small but asset-rich companies operating on thin margins.
INSEQ accordingly plans to help Air Cycle grow through acquisitions,
in addition to increased sales and product development.
Air Cycle's Bulb Eater(R) product line crushes spent fluorescent lamps
into small fragments and compacts them into 55-gallon containers. This
greatly improves storage of the lamps, handling, safety and liability
issues, and recycling costs. The units are complete with filtration
systems to help ensure both OSHA and EPA compliance, even for
facilities disposing of large quantities of lamps. Air Cycle's Bulb
Eater(R) products are in use today at many small and large companies,
schools, hospitals, military bases, and government agencies.
Importantly, this product line is strategic to Warnecke Design given
Air Cycle's current manufacturing expenditures of about $1.5 million
per year - which translate directly to new sales for INSEQ.
INSEQ's business model is to directly facilitate the more efficient
use of natural resources. An essential element of this is building and
selling innovative green products. INSEQ commenced testing last week
on its new online green products marketplace and Air Cycle's Bulb
Eater(R) product line and EasyPak(TM) Recycling Program will be among
the initial array of innovative green products INSEQ plans to sell
through the new online portal.
Other initial products for the INSEQ store include TerraPass and
Sterling Planet renewable energy products, carbon nanotubes and
related specialty chemicals and products, GreenShift Corporation's
Tornado Trash Can and Ovation Purifier, and a yet to be announced Mean
Green BioFuels appliance. Our ambition for the new INSEQ marketplace
is that it becomes the premier source of innovative green products and
that it also evolves to include distribution and trading of key liquid
classes of commodities - such as plastics, metals, chemicals, fuels
and renewable energy. The new INSEQ store commenced testing last month
and is expected to be available to the public this month.
INSEQ's green products manufacturing expertise is itself a commodity
that we intend to fully leverage. During 2005, INSEQ executed several
manufacturing agreements with companies that, like INSEQ, are
portfolio companies of GreenShift Corporation (OTC Bulletin Board:
GSHF - News), including GreenShift Industrial Design Corporation,
Ethanol Oil Recovery Systems, LLC, BioEnergy Engineering, LLC, and
Mean Green BioFuels Corporation. While these agreements are expected
to bring significant revenues into INSEQ during 2006, INSEQ's newly
developed expertise with biofuels equipment has already translated
into additional outside sales with alternative fuels companies.
On the issue of INSEQ's capital structure, while we made positive
strides during the third quarter 2005 with the elimination of about
650 million shares of common stock and warrants, our growth plans
require us to seek out new opportunities to achieve similar results.
We have accordingly cancelled certain financing agreements and we
continue to expect that we will restructure GreenShift's stake in
INSEQ in line with the completion of INSEQ's refinancing of its equity
based convertible debentures. The conversion of GreenShift's stake can
be expected to decrease INSEQ's common stock outstanding by about 3
billion shares.
I am hopeful that these changes will collectively help to enhance the
impact of our completed and targeted new acquisitions and other growth
initiatives on our overall shareholder wealth. We will however
continue to aggressively seek opportunities to positively impact our
capital structure and we hope to evaluate appropriate share repurchase
programs once our operations are generating sufficient positive cash
flows.
We are pleased with INSEQ's progress and we are very enthusiastic
about our prospects for growth. We are grateful for your continued
support and involvement. I look forward to our next communication.
Best Regards,
Kevin Kreisler
Chairman
INSEQ Corporation
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.
INSEQ is 80% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), 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.
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.
Contact:
INSEQ Corporation
Jim Grainer, 973-398-8183
Fax: 973-398-8037
Email: investorrelations@inseq.com
Web: www.inseq.com
Now tell me this baby shouldn't bounce like hell tomorrow! I bought back in after I flipped it today. I'm adding more at the bell, or as soon as I can get a buy to go through. It just dropped 3.367 BILLION O/S to 367 MILLION O/S. Think about it!!!
Closed at .0091 today. Tomorrow, IMO, it'll be a penny stock, possibly several pennies.
Closed @ .0091 UP 68.52%
HAPPY TRADING! ALL ABOARD!!!
JJ :[img src="http://i25.photobucket.com/albums/c100/Eagle1x/smileys/![]()
i25.photobucket.com/albums/c100/Eagle1x/smileys/![]()
i25.photobucket.com/albums/c100/Eagle1x/smileys/rockon.gif"].gif[/IMG].gif[/IMG]: :[img src="http://i25.photobucket.com/albums/c100/Eagle1x/smileys/![]()
i25.photobucket.com/albums/c100/Eagle1x/smileys/![]()
i25.photobucket.com/albums/c100/Eagle1x/smileys/rockon.gif"].gif[/IMG].gif[/IMG]: :[img src="http://i25.photobucket.com/albums/c100/Eagle1x/smileys/![]()
i25.photobucket.com/albums/c100/Eagle1x/smileys/![]()
i25.photobucket.com/albums/c100/Eagle1x/smileys/rockon.gif"].gif[/IMG].gif[/IMG]: :[img src="http://i25.photobucket.com/albums/c100/Eagle1x/smileys/![]()
i25.photobucket.com/albums/c100/Eagle1x/smileys/![]()
i25.photobucket.com/albums/c100/Eagle1x/smileys/rockon.gif"].gif[/IMG].gif[/IMG]: :[img src="http://i25.photobucket.com/albums/c100/Eagle1x/smileys/![]()
i25.photobucket.com/albums/c100/Eagle1x/smileys/![]()
i25.photobucket.com/albums/c100/Eagle1x/smileys/rockon.gif"].gif[/IMG].gif[/IMG]: :[img src="http://i25.photobucket.com/albums/c100/Eagle1x/smileys/![]()
i25.photobucket.com/albums/c100/Eagle1x/smileys/![]()
i25.photobucket.com/albums/c100/Eagle1x/smileys/rockon.gif"].gif[/IMG].gif[/IMG]:
"On the issue of INSEQ's capital structure, while we made positive
strides during the third quarter 2005 with the elimination of about
650 million shares of common stock and warrants, our growth plans require us to seek out new opportunities to achieve similar results.
We have accordingly cancelled certain financing agreements and we continue to expect that we will restructure GreenShift's stake in INSEQ in line with the completion of INSEQ's refinancing of its equity based convertible debentures. The conversion of GreenShift's stake can be expected to decrease INSEQ's common stock outstanding by about 3 billion shares."
Heres the full Shareholder letter from Jan 2006....
INSEQ Releases Shareholder Letter
Tuesday January 3, 9:19 am ET
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Jan. 3, 2006--INSEQ Corporation (OTC Bulletin Board: INSQ - News) chairman, Kevin Kreisler, issued the following correspondence to its shareholders today:
Dear Shareholders:
We accomplished much during 2005 and we continue to make significant
strides in INSEQ's growth, but I wanted to take this opportunity to
update you on several of our key initiatives.
First, we have not yet closed on our planned acquisitions of
Independent Metal Sales, Inc. ("IMS") and an Ohio based Specialty
Metal Manufacturer ("SMM"). The primary reason for this is our desire
and need to refinance INSEQ's current equity based convertible
debentures simultaneously with the closing of more conventional
asset-based financing for the IMS acquisition. Absent such a
refinancing, the new consolidated company's capital structure will be
potentially subject to substantial additional dilution and it has been
and remains our plan to minimize this effect as much as possible as we
grow. We are working with qualified financing sources on this front
and we expect resolution of our path forward in the near term. While I
would like to be more specific on the time frame, the refinancing of
INSEQ's current convertible debentures is a complicated undertaking
given their structure and we have already seen prior delays on this
transaction.
Acquisitions nevertheless remain a key element of INSEQ's business
model; we completed four strategic acquisitions and investments during
2005 - Warnecke Design Service, Inc., Separation and Recovery
Technologies, Inc., Electronic Scrap Recycling Corporation ("ESRC"),
and Air Cycle Corporation - and we have several more targeted.
The acquisition of ESRC allows INSEQ to establish a foothold in the
e-waste recycling business - ESRC's business model is based on
building, owning and operating innovative e-waste processing systems
that utilize a number of proprietary technologies to enhance operating
efficiencies. ESRC also plans to build and sell custom e-waste
recycling systems that accomplish this on a distributed basis for
targeted third party clients. E-waste recycling typically yields two
classes of salable secondary commodities, plastics and metals, which
INSEQ plans to sell through its distributor relationships and its new
online portal. Importantly, the e-waste recycling market is highly
fragmented, with a large number of small but asset-rich companies
operating on thin margins that we believe we can improve upon - both
through the use of our various proprietary technologies and through
standard consolidation savings. We have consequently targeted several
additional e-waste recycling companies for potential acquisition.
Not only is ESRC strategic to Warnecke Design - INSEQ's manufacturing
division - given ESRC's specialty equipment manufacturing needs, but
it is also strategic to Air Cycle as well. Air Cycle is a lamp,
ballast, battery and e-waste recycling company with a substantial
client base and strong marketing capabilities, both of which lend
themselves to ready cross-selling opportunities with ESRC. Further,
the lamp and lighting recycling market is also filled with a large
number of small but asset-rich companies operating on thin margins.
INSEQ accordingly plans to help Air Cycle grow through acquisitions,
in addition to increased sales and product development.
Air Cycle's Bulb Eater(R) product line crushes spent fluorescent lamps
into small fragments and compacts them into 55-gallon containers. This
greatly improves storage of the lamps, handling, safety and liability
issues, and recycling costs. The units are complete with filtration
systems to help ensure both OSHA and EPA compliance, even for
facilities disposing of large quantities of lamps. Air Cycle's Bulb
Eater(R) products are in use today at many small and large companies,
schools, hospitals, military bases, and government agencies.
Importantly, this product line is strategic to Warnecke Design given
Air Cycle's current manufacturing expenditures of about $1.5 million
per year - which translate directly to new sales for INSEQ.
INSEQ's business model is to directly facilitate the more efficient
use of natural resources. An essential element of this is building and
selling innovative green products. INSEQ commenced testing last week
on its new online green products marketplace and Air Cycle's Bulb
Eater(R) product line and EasyPak(TM) Recycling Program will be among
the initial array of innovative green products INSEQ plans to sell
through the new online portal.
Other initial products for the INSEQ store include TerraPass and
Sterling Planet renewable energy products, carbon nanotubes and
related specialty chemicals and products, GreenShift Corporation's
Tornado Trash Can and Ovation Purifier, and a yet to be announced Mean
Green BioFuels appliance. Our ambition for the new INSEQ marketplace
is that it becomes the premier source of innovative green products and
that it also evolves to include distribution and trading of key liquid
classes of commodities - such as plastics, metals, chemicals, fuels
and renewable energy. The new INSEQ store commenced testing last month
and is expected to be available to the public this month.
INSEQ's green products manufacturing expertise is itself a commodity
that we intend to fully leverage. During 2005, INSEQ executed several
manufacturing agreements with companies that, like INSEQ, are
portfolio companies of GreenShift Corporation (OTC Bulletin Board:
GSHF - News), including GreenShift Industrial Design Corporation,
Ethanol Oil Recovery Systems, LLC, BioEnergy Engineering, LLC, and
Mean Green BioFuels Corporation. While these agreements are expected
to bring significant revenues into INSEQ during 2006, INSEQ's newly
developed expertise with biofuels equipment has already translated
into additional outside sales with alternative fuels companies.
On the issue of INSEQ's capital structure, while we made positive
strides during the third quarter 2005 with the elimination of about
650 million shares of common stock and warrants, our growth plans
require us to seek out new opportunities to achieve similar results.
We have accordingly cancelled certain financing agreements and we
continue to expect that we will restructure GreenShift's stake in
INSEQ in line with the completion of INSEQ's refinancing of its equity
based convertible debentures. The conversion of GreenShift's stake can
be expected to decrease INSEQ's common stock outstanding by about 3
billion shares.
I am hopeful that these changes will collectively help to enhance the
impact of our completed and targeted new acquisitions and other growth
initiatives on our overall shareholder wealth. We will however
continue to aggressively seek opportunities to positively impact our
capital structure and we hope to evaluate appropriate share repurchase
programs once our operations are generating sufficient positive cash
flows.
We are pleased with INSEQ's progress and we are very enthusiastic
about our prospects for growth. We are grateful for your continued
support and involvement. I look forward to our next communication.
Best Regards,
Kevin Kreisler
Chairman
INSEQ Corporation
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.
INSEQ is 80% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), 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.
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.
Contact:
INSEQ Corporation
Jim Grainer, 973-398-8183
Fax: 973-398-8037
Email: investorrelations@inseq.com
Web: www.inseq.com
Now tell me this baby shouldn't bounce like hell tomorrow! I bought back in after I flipped it today. I'm adding more at the bell, or as soon as I can get a buy to go through. It just dropped 3.367 BILLION O/S to 367 MILLION O/S. Think about it!!!
Closed at .0091 today. Tomorrow, IMO, it'll be a penny stock, possibly several pennies.
Closed @ .0091 UP 68.52%
HAPPY TRADING! ALL ABOARD!!!
JJ :[img src="http://i25.photobucket.com/albums/c100/Eagle1x/smileys/
? UNFREAKINBELIEVABLE!!!!!