SCHEDULE 14C
(Rule 14c-101)
INFORMATION REQUIRED IN INFORMATION STATEMENT

Information Statement Pursuant to Section 14(c) of the
Securities Exchange Act of 1934
Check the appropriate box:

[x ]
Preliminary Information Statement
             [  ]
Confidential, for use of the Commission only
[   ]
Definitive Information Statement

 
                                GREENSHIFT CORPORATION                             .
 
(Name of Registrant as Specified In Its Charter)

 
Payment of Filing Fee (Check the appropriate box):
[x]
No fee required.
[  ]
Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.

  1)
Title of each class of securities to which transaction applies:
 
 
  ..................................................................
 
  2)
Aggregate number of securities to which transaction applies:
 
 
  ..................................................................
 
  3)
Price per unit or other underlying value of transaction pursuant to Exchange Act Rule 0-11.  (Set forth the amount on which the filing fee is calculated and state how it was determined.)
 
 
  ..................................................................

  4)
Proposed maximum aggregate value of transaction:
 
 
  ...................................................................
 
  5)
Total fee paid:
 
 
  ...................................................................
 
[  ]
Fee paid previously with preliminary materials.

[  ]
Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously.  Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

  1)
Amount Previously Paid:
 
  ......................................
  2)
Form, Schedule or Registration Statement No.:
 
  ......................................
  3)
Filing Party:
 
  ......................................
  4)
Date Filed:
 
  ......................................
 
 
 
 
GREENSHIFT CORPORATION
5950 Shiloh Road East, Suite N
Alpharetta, GA 30005
 
INFORMATION STATEMENT
 
To the Holders of the Voting Stock:
 
The purpose of this Information Statement is to notify you that Viridis Capital, LLC, the holder of shares representing a majority of the voting power of GreenShift Corporation (the “Company”), has given its written consent to a resolution to remove four of the five members of the Company's Board of Directors.  By reason of the resolution, Edward Carroll, Richard Krablin, David Winsness and Gregory Barlage have been removed from their positions as members of the Registrant's Board of Directors, effective on December 12, 2014.  Kevin Kreisler, the manager and owner of Viridis Capital, LLC,  remains as the sole member of the Board of Directors.
 
Delaware corporation law permits holders of a majority of the voting power to take shareholder action by written consent. Accordingly, the Company will not hold a meeting of its shareholders to consider or vote upon the removal of the four directors.
 
VOTING SECURITIES AND PRINCIPAL SHAREHOLDERS
 
We determined the shareholders of record for purposes of this shareholder action at the close of business on December 11, 2014 (the “Record Date”).  The table below lists the authorized voting stock as of the Record Date, the number of shares of each class that were outstanding on the Record Date, and the voting power of each class. Each share of common stock is entitled to one vote.  Each share of Series B Preferred Stock is entitled to one-fortieth of a vote.  The holders of the Series D shares are entitled to exercise 70% of the aggregate voting power.

Security
Authorized
Outstanding
Voting Power
Common Stock                
 2,500,000,000
131,756,793
131,756,793
Series B Preferred Stock
2,865,333
2,519,219
62,980
Series D Preferred Stock
1,000,000
862,500
307,579,470
 
The following table sets forth information regarding the voting stock beneficially owned by each member of our Board of Directors, by our officers and directors as a group, and by any person who, to our knowledge, owned beneficially more than 5% of any class of voting stock as of December 11, 2014.

Name and Address
Of Beneficial Owner(1)
Common
% of Class
Series B Preferred
% of Class
Series D Preferred
% of Class
Percentage of Voting Power
               
Kevin Kreisler(2)
149
<0.01%
--
--
800,000
92.75%
64.92%
Edward Carroll
167
<0.01%
393,183
13.56%
    
<0.01%
David Winsness
98
<0.01%
360,933
12.45%
--
--
<0.01%
Greg Barlage
109
<0.01%
356,478
12.30%
--
--
<0.01%
Richard Krablin
59
<0.01%
376,183
12.99%
--
--
<0.01%
               
Officers and Directors
as a group (5 persons)
581
<0.01%
1,487,186
51.30%
800,000
92.75%
64.93%

(1)
The address of each shareholder as of December 11, 2014 was c/o GreenShift Corporation, 5950 Shiloh Road East, Suite N, Alpharetta, Georgia, 30005.
   
(2)
All shares listed for Mr. Kreisler are owned of record by Viridis Capital, LLC, of which Mr. Kreisler is the sole member.
   

No Dissenters Rights
 
Under Delaware law, shareholders are not entitled to dissenters’ rights with respect to the amendment of the Certificate of Incorporation to reverse split the common stock.
 
WE ARE NOT ASKING YOU FOR A PROXY.
YOU ARE REQUESTED NOT TO SEND US A PROXY.
 

 
December 22, 2014
KEVIN KREISLER, Chief Executive Officer
 
 
 
 
Greenshift (PK) (USOTC:GERS)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Greenshift (PK) Charts.
Greenshift (PK) (USOTC:GERS)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Greenshift (PK) Charts.