| From: creede | 9/26/2005 11:35:59 PM | | | | | | INSEQ Restructures Equity Financing
Monday September 26, 10:00 am ET
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Sept. 26, 2005--INSEQ Corporation (OTC Bulletin Board: INSQ - News) today announced the termination of its $10 million Standby Equity Distribution Agreement ("SEDA") with Cornell Capital Partners. Additionally, INSEQ cancelled warrants exercisable into 300,000,000 shares of registered common stock at $0.001 per share that were previously issued to Cornell as part of the SEDA.
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Kevin Kreisler, INSEQ's chairman, said that "We had planned to complete our pending acquisition of Independent Metal Sales, Inc. ("IMS") this month with factor-based debt financing as a form of short-term bridge financing pending the payoff of the debt with the proceeds of equity sold under the SEDA. However, the recent performance of INSEQ stock, the aggregate growth capital needs of IMS and our existing businesses, and the anticipated cash needs of our other currently targeted acquisitions require us to use our capital structure differently.
We believe that a better use of our capital today would be to use a less expensive and more flexible source of conventional debt financing that we service exclusively out of cash flows, as opposed to equity sales, and standard equity financing at higher market prices - particularly as compared to the newly cancelled warrants that INSEQ had issued as part of the SEDA which were exercisable into 300 million shares at $0.001 per share. We are accordingly going to delay the completion of the IMS acquisition by about 60 days as we perfect our intended new debt financing," concluded Kreisler.
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.com.
INSEQ is 70% owned by GreenShift Corporation (OTCBB: 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.
God Bless - No Doubt
cris |
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| From: creede | 10/2/2005 12:40:22 AM | | | | | | INSQ outstanding shrs & float >>>
As of Sept. 30th, 2005:
OS = 808,934,270
Float = 558,934,270
God Bless - ND
cris |
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| From: creede | 10/3/2005 8:53:44 AM | | | | | | COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
INSEQ Executes Letter of Intent to Acquire Metals Manufacturer
MOUNT ARLINGTON, N.J., Oct 03, 2005 (BUSINESS WIRE) -- INSEQ Corporation (OTC Bulletin Board: INSQ) today announced that it has executed a letter of intent to acquire a Specialty Metal Manufacturer ("SMM").
SMM is an Ohio-based specialty metal manufacturer that produces equipment for an array of industries and provides design, development, manufacturing, installation and maintenance services for its clients. INSEQ intends to complete the SMM acquisition during the fourth quarter 2005 with a mixture of conventional debt and cash on terms that INSEQ expects will be accretive to earnings.
INSEQ expects to merge the operations of SMM with INSEQ's existing Ohio-based metal manufacturing division, where SMM is expected to add $2 million in annualized revenues with better than 10% EBITDA margins.
Kevin Kreisler, INSEQ's chairman, said that "INSEQ plans to consolidate SMM's operations at its existing metal manufacturing operation in Ottoville, Ohio. Accordingly, we expect that the intended acquisition will be accretive to both INSEQ's profitability by reducing costs on existing contracts, as well as will enhance INSEQ's balance sheet since the acquisition brings valuable equipment and other assets. Further, SMM's equipment will be integral to the cost-effective manufacturing by INSEQ of products based on GreenShift Corporation's various technologies, specifically products based on GreenShift's Tornado Generator(TM) technology."
GreenShift's Tornado Generator(TM)
GreenShift's patented Tornado Generator(TM) accelerates compressed air to supersonic speeds in a closed cyclonic chamber where the air is powerful enough to almost instantly grind, flash desiccate and atomize solid and liquid wastes and other materials into micron sized powders. The Tornado Generator(TM) has no internal moving parts and is powered by compressed air. Needing only an appropriately sized generator and compressor, processing with the Tornado Generator(TM) is very robust and is capable of field operation.
The technology can cost-effectively and rapidly process a very broad array of wastes including agricultural wastes, septic wastes, municipal solid wastes, and construction and demolition wastes. In its most basic mode of operation, the Tornado Generator(TM) can simply be used to dramatically reduce the volume of targeted wastes by about 90%, as well as the associated transportation and disposal costs. Systems based on the Tornado Generator(TM) can be rapidly deployed for use in the cost-effective management of debris under emergency or other conditions.
Additionally, with conventional pre-processing, the output of the Tornado Generator(TM) includes fuel pellets with an average BTU value of about 7,000 BTU/lb. These fuel pellets are dry, dense, odorless, and can be easily transported economically and safely to remote landfills or sold to local power utilities or used to generate power on site.
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.com.
INSEQ is 70% 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.
God Bless - No Doubt
cris |
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| To: rrm_bcnu who wrote (29) | 10/11/2005 10:39:37 AM | | From: creede | | | | INSQ -- Inseq Corp.
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
INSEQ Releases Shareholder Letter
MOUNT ARLINGTON, N.J., Oct 11, 2005 (BUSINESS WIRE) -- INSEQ Corporation (OTC Bulletin Board: INSQ) chairman, Kevin Kreisler, issued the following correspondence to its shareholders today:
Dear Shareholders:
A number of exciting developments have occurred since our last communication that we view as critical to our ongoing development and growth. These developments include the following:
-- The execution of an agreement to acquire Independent Metal Sales, Inc., which will bring INSEQ to an estimated $21 million in annualized revenue and $2.1 million in EBITDA;
-- The execution of a letter of intent to acquire a Specialty Metal Manufacturer ("SMM"), which is expected to add another $2 million in annualized revenue with better than 10% EBITDA;
-- The completion of INSEQ's acquisition of Separation and Recovery Technologies, Inc. ("SRT") which holds the rights to a new patented technology developed by Argonne National Laboratory under a contract with the U.S. Department of Energy that preferentially separates plastics from mixed plastic wastes;
-- The execution of manufacturing agreements with Ethanol Oil Recovery Systems, LLC, Mean Green BioFuels Corporation, Ovation Products Corporation, and Tornado Trash Corporation, each of which agreements call for the first refusal rights relative to INSEQ's manufacturing of equipment and appliances based on each of their respective patented and proprietary green technologies;
-- The execution of Strategic Alliances with Sterling Planet, Inc., and TerraPass, Inc., under which agreements INSEQ will sell RECs and TerraPasses through INSEQ's planned new secondary commodities exchange;
-- The execution of a Green Technology Prototyping and Manufacturing Agreement with GreenShift Industrial Design Corporation ("GIDC") through which INSEQ will manufacture and distribute GIDC's planned line of residential and commercial recycling and waste reduction appliances and equipment;
-- The execution of a sub-license agreement with GIDC for certain applications of Ovation Product Corporation's proprietary new water purification appliance, under which INSEQ plans to develop and sell appliances for the purification and reuse of waste kitchen and bath water, not including septic wastes, for a number of markets including the food services, hospitality, and residential markets; and,
-- The restructuring of our various debentures and the cancellation of about 350 million shares of INSEQ common stock and warrants exercisable into 300 million shares of INSEQ common stock at $0.001 per share.
INSEQ's business model is based on activities where the Company directly facilitates the more efficient use of natural resources. Its strategy includes the manufacturing and sale of equipment and appliances based on proprietary green technologies, the distribution of primary and secondary commodities, direct production as appropriate of selected metals, chemicals, plastics and fuels, and various forms of technology licensing.
INSEQ has recently executed an amendment to its Green Technology Prototyping and Manufacturing Agreement with GIDC to include a blanket sub-license to GIDC's package of existing and new green technologies, including GIDC's Tornado Generator(TM) and water purification technologies. This is an important development because INSEQ plans to directly use relevant technologies to accelerate returns on its investments in future acquisitions by reducing the targets' operating costs and increasing their sales. If the Company is successful, and it structures its acquisitions with this in mind, it should be able to acquire more companies, assets and earnings with less capital.
On the issue of the Company's capital structure, while we made positive strides during the third quarter 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, restructured the planned financing for our pending acquisition of Independent Metal Sales, which is slated to close this quarter, and we expect to restructure GreenShift's 70% stake in INSEQ.
GreenShift holds a dilution protected 70% stake in INSEQ that currently amounts to about 3.0 billion shares of INSEQ common stock. GreenShift has agreed to cancel its dilution protections and convert the entirety of its common stock into a new class of preferred stock. This new preferred stock will have a fixed face value equal to 70% of INSEQ's intrinsic value on December 31, 2005. GreenShift's voting rights and dividend preference will remain fixed at 70% until conversion. The new class of preferred stock will be convertible into INSEQ common stock at the lesser of $0.01 per share or 80% of the market price at the time of conversion. 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 pending and targeted new acquisitions and other growth initiatives on our overall shareholder wealth.
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 primary and secondary commodities including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.com.
GB-ND
c |
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| From: justDDdoit | 11/1/2005 4:50:57 PM | | | | | | It would appear that INSQ is taking their stratgic
direction from the world leader in nanotube production.
Here's the proof from post 1496 (Oct. 21st) on the GSHF board:
....or 7.25 long tons of carbon nano tubes (if the superheaters are fully deployed and Scrubby's device is breaking wind at maximum capacity.)
Wylie C. Yote, CEO of Acme, is first again with his nanotube disclosure but sends out kudos to INSQ for seeing the potential as well. |
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| From: shortsinthesand | 3/12/2006 10:01:30 AM | | | | | | Could someone help me out here? I am doing some simple DD on Insq and have run into a couple of problems. I really want to know what the current OS and AS is?
I went to the Nevada Secratary of State to find the Corporate report ( where they claim they are registered) and I couldn't find anything? The previous entity called Incode Technologies has expired or merged and no other current record can be found?
Accourding to the latest 10 Q the share count is:
The number of outstanding shares of common stock as of November 14, 2005 was: 3, 887 , 491 , 043.
Of course this was over 4 months ago so I would assume based on past performance that it must be an addition 1 billion shares to this figure?
As I continued to do my research I found that Jim Grainer, Pres. & CFO has been activly dumping his shaes very methodictly and as fast as he can yet as slow as he can not to alarm the common share holder? Why here is the form 4's he has filed:
Common Stock 1/11/2006 2500000 D $0.0016 122500000
D
Common Stock 1/12/2006 2500000 D $0.0017 120000000
D
Common Stock 1/13/2006 2500000 $0.0016 117500000
D
Common Stock 1/30/2006 1100000 $0.0011 113900000
D
Common Stock 1/31/2006 800000 $0.0011 113100000
D
Common Stock 2/1/2006 500000 $0.0014 112600000
D
Common Stock 2/3/2006 5000000 $0.0021 107600000
D
Common Stock 2/14/2006 1000000 $0.0012 104500000
D
Common Stock 2/15/2006 2000000 $0.0013 102500000
D
Common Stock 2/16/2006 2500000 $0.0012 100000000
D
Common Stock 2/21/2006 875000 $0.0011 99125000
D
Common Stock 2/23/2006 4125000 $0.001 95000000
D
Common Stock 2/6/2006 1000000 $0.0016 119100000
D
Common Stock 2/7/2006 3000000 $0.0017 116100000
D
Common Stock 2/8/2006 4000000 $0.0014 112100000
D
Common Stock 2/9/2006 2000000 $0.0011 110100000
D
Common Stock 2/10/2006 4600000 $0.0011 105500000
D
He unloaded 17, million shares in one months time! Not only that but the latest 10Q list the BUSINESS RISK FACTORS
as the following.....
The issuance of shares under our agreements with Cornell and Highgate could increase our outstanding shares by over 9%.
The conversion of our convertible debentures, the exercise of our outstanding warrants and options and INSEQ’s various anti-dilution and price-protection agreements could cause the market price of our common stock to fall, and may have dilutive and other effects on our existing stockholders.
We may be unable to satisfy our current debts.
We lack capital to fund our operations.
Our operations will suffer if we are unable to manage our rapid growth.
We may have difficulty integrating our recent acquisition into our existing operations.
Our use of percentage of completion accounting could result in a reduction or elimination of previously reported profits.
We will be unable to service our customers unless we can continue to retain top quality subcontractors and equipment manufacturers at favorable prices.
Our failure to attract qualified engineers and management personnel could hinder our success.
Key personnel are critical to our business and our future success depends on our ability to retain them.
Some of our existing stockholders can exert control over us and may not make decisions that further the best interests of all stockholders
INSEQ is not likely to hold annual shareholder meetings in the next few years.
Investing in our stock is highly speculative and you could lose some or all of your investment.
The volatility of the market for INSEQ common stock may prevent a shareholder from obtaining a fair price for his shares.
Our common stock qualifies as a "penny stock" under SEC rules which may make it more difficult for our stockholders to resell their shares of our common stock.
Only a small portion of the investment community will purchase “penny stocks” such as our common stock.
The Company had $4,164,899 in liabilities at the end of the quarter ended September 30, 2005, primarily consisting of $1,481,956 in convertible debentures owing to Highgate and Cornell. INSEQ expects most, if not all, of the debentures to be satisfied by the holders converting the debts into the Company’s common stock that they will then resell to the public. Satisfaction of both debentures would require the issuance of over 350,000,000 shares of common stock. Accordingly we will be required to issue over 7% of our equity to satisfy the debentures or will be required to find other investment sources to satisfy the debts
/S/ JAMES GRAINER
JAMES GRAINER
Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer
Date:
November 15, 2005 |
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| To: justDDdoit who wrote (31) | 3/13/2006 9:08:59 AM | | From: Crabbe | | | | Inseq announced today it's 4th order from Veridium VRDM for Veridiums Corn Oil Extraction System(TM).
Inseq and Veridium are sister companies, both are held 80% and 70% by Greenshift GSHF.
Veridium acquired the exclusive rights to this process on Feb 1st. It sold the first system on Feb 14th, the second on Feb 28th the third on Mar 6th and the 4th today.
There are approximately 100 corn to ethanol refineries in the US that could benefit from this process.
home.businesswire.com
INSEQ Announces Increased Order for Biofuels Equipment
NEW YORK--(BUSINESS WIRE)--March 13, 2006--INSEQ Corporation (OTC Bulletin Board: INSQ) today announced that Veridium Corporation (OTC Bulletin Board: VRDM) increased its order for the manufacturing of Veridium's Corn Oil Extraction Systems(TM) to about $5.2 million. The terms of the increased order call for INSEQ's manufacturing and delivery of the systems starting in June 2006.
INSEQ and Veridium are respectively 80% and 70% 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.
Kevin Kreisler, GreenShift's chairman and chief executive officer, said that "We expect that INSEQ's biofuels orders will continue to increase as Veridium continues to secure orders from ethanol and other facilities as well as standard equipment financing off of those orders. INSEQ's first priority for the immediate term will be on executing on these orders and investing in the growth of it biofuels equipment manufacturing capabilities."
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. |
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