GS Energy Corporation - ehemals inseq - 500 Beiträge pro Seite

[Zackes1]

INSEQ Makes Announcement
Tuesday July 18, 5:29 pm ET

NEW YORK--(BUSINESS WIRE)--July 18, 2006--INSEQ Corporation (OTC Bulletin Board: INSQ - News) announced that the name of the Company has been changed from INSEQ Corporation to "GS Energy Corporation," and that, effective July 19, 2006, the trading symbol for the Company's common stock on the OTC Bulletin Board will be "GSEG."

Additional information about GS Energy, its business model and recent developments will be made available next month upon the launch of the company's planned new corporate website.

About GS Energy Corporation

GS Energy Corporation (OTC Bulletin Board: GSEG - News) intends to build an integrated clean energy production company with a focus on distributed energy generation, related manufacturing and infrastructure support services, and the sales of renewable energy and energy efficiency certificates.

GS Energy is majority-owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), a company devoted to facilitating the efficient use of natural resources.

Safe Harbor Statement

This press release contains statements that 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 GS Energy Corporation (f/k/a 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 occurrence of unanticipated events or changes to future operating results.


Contact:

GS Energy Corporation
888-895-3585
Fax: [phone]
[e-mail]
www.greenshift.com
or
CEOcast, Inc.
Investor Relations:
Andrew Hellman, 212-732-4300
or
Walek & Associates
Public Relations:
Deborah McCandless, 212-590-0523
Fax: [phone]
[e-mail]
www.walek.com

Der Ordnung halts halber habe ich diesen neuen Thread eröffnet. Nach dem rasanten Anstieg Ende letzten Jahres, jetzt der Rückschlag des Kurses in die Steinzeit. Aktuell: 0.002 Euro!

Was glaubt Ihr, hat der Neue Name Einfluss auf das weitere Geschehen? Der Name Inseq war doch eigentlich gar nicht verkehrt!

Wie geht`s weiter?

[kunokuhn]

Antwort auf Beitrag Nr.: 22.842.710 von Zackes1 am 21.07.06 15:38:25

schon bescheiden was da abläuft
hebe leider bei 0,07 gekauft

[Zackes1]

So, habe eben einmal eine Kauforder reingestellt.
Mal schauen.

[Zackes1]

Es geht los!!! Jetzt heisst es anschnallen!!

Aktuell

0,003 USD

Zeit

18.08.06 16:11

Diff. Vortag

+42,86 %

[Zackes1]

Antwort auf Beitrag Nr.: 22.842.710 von Zackes1 am 21.07.06 15:38:25

Schon bei 0,0032! das sind bereits 52 % !!

[Zackes1]

0,0033!! 57% Schlafen hier alle??

[Zackes1]

Antwort auf Beitrag Nr.: 22.842.710 von Zackes1 am 21.07.06 15:38:25

Es geht weiter!

[Zackes1]

Börse

NASDAQ OTC BB

Aktuell

0,0036 USD

Zeit

21.08.06 21:59

Diff. Vortag

+28,57 %

Tages-Vol.

592.365,83

Gehandelte Stück

170 Mio.

Und wieder ein super Tag! Oh man, wo soll das noch hingehen. Hab ein super Gefühl!

[Zackes1]

Hier ist der Grund für den Anstieg: der Quartalsbericht!

http://biz.yahoo.com/e/060821/gseg.ob10qsb.html

Form 10QSB for GS ENERGY CORP

21-Aug-2006

Quarterly Report


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

FORWARD LOOKING STATEMENTS

In addition to historical information, this Quarterly Report contains forward-looking statements, which are generally identifiable by use of the words "believes," "expects," "intends," "anticipates," "plans to," "estimates," "projects," or similar expressions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the section entitled "Business Risk Factors." Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date hereof. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements.

OVERVIEW

GS Energy Corporation ("we," "our," "us," "GS Energy," or the "Company") intends to build an integrated clean energy production company with a focus on distributed power generation and sales and the trading and sales of renewable energy and energy efficiency certificates.

Our growth efforts are currently focused on the identification and development of a number of qualified sites for small-scale clean energy production facilities such as biomass, solar, wind, wave and hydro power facilities. We intend to build, own and operate these facilities and develop a portfolio of long-term, small-scale clean energy producing assets. In addition to generating revenues from the sale of the power produced from these facilities, we intend to generate revenues from the sales of renewable energy certificates, or Green Tags, and energy efficiency certificates, or White Tags. Our current offerings include:

o Renewable Energy Certificates - a renewable energy certificate ("REC"), also known as Green Tags, are the intangible environmental benefits associated with generating one megawatt hour ("MWh") of electric energy by a renewable resource. RECs don't require the energy to be physically delivered to the buyer, but instead offset the difference between cost of the renewable power and power from fossil energy sources.

o Energy Efficiency Certificates - otherwise known as White Tags(TM) or EECs, these certificates are similar to Green Tags except that they represent one MWh of electricity savings due to the use of energy conservation methods and equipment.

o Specialty Manufacturing & Infrastructure Support - we provide highly specialized equipment manufacturing services and infrastructure support services relative to equipment used to produce clean fuels and clean energy.

We conduct our operations through our wholly-owned subsidiaries, GS Carbon Trading, Inc., GS Distributed Generation, Inc., and GS Manufacturing, Inc.

GS Carbon Trading holds minority stakes in Sterling Planet, Inc. (about 10%), a leading retail provider of solar, wind and other clean, renewable energy certificates, and TerraPass, Inc. (about 10%), an innovative clean energy sales company that focuses on offsetting the carbon dioxide output of personal vehicles with renewable energy and other carbon credits. GS Manufacturing also holds majority stakes in two subsidiaries, Warnecke Design Service, Inc. (100%), a specialty metal manufacturer, and Air Cycle Corporation (about 30%), a manufacturer of electronics and other recycling equipment.

GS Carbon Trading

Sterling Planet is the nation's leading retail renewable energy provider and has established a strong reputation as the premier market maker for renewable energy sales. Sterling has sold over 4 billion kilowatt hours of renewable energy since its inception, representing enough energy to power 350,000 homes for a full year and offset 2.6 million tons of carbon dioxide.

Sterling Planet currently services an impressive array of clients including Alcoa, The Coca-Cola Company, DuPont, Delphi Corporation, Duke University, University of Utah, Nike, Pitney Bowes, U.S. Environmental Protection Agency, the U.S. General Services Administration, the Homeland Security Department, Western Area Power Administration, New York State Energy Research and Development Authority (NYSERDA), the U.S. Army, Staples, Whirlpool Corporation, the World Resources Institute and over 150 other companies.

GS Manufacturing

GS Manufacturing's wholly-owned Warnecke Design Service subsidiary is a specialty metal manufacturing company that provides custom equipment manufacturing services for its clients including machine design, machine building, control system electronics and programming, and maintenance support services. Warnecke currently services clients in the biofuels, automotive, electronics, lighting, plastics, rubber and food products industries. In addition, Warnecke Design holds the right of first refusal to provide all of the equipment manufacturing needs of GS CleanTech Corporation and GS AgriFuels Corporation. GS Energy, GS CleanTech and GS AgriFuels are all majority held subsidiaries of GreenShift Corporation.

GS Energy intends to rely heavily on the Warnecke Design group to provide specialty equipment and infrastructure support services relative to the deployment of GS Energy's planned distributed power production facilities.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

BUSINESS RISK FACTORS

There are many important factors that have affected, and in the future could affect, GS Energy's business, including but not limited to the factors discussed below, which should be reviewed carefully together with other information contained in this report. Some of the factors are beyond our control and future trends are difficult to predict.

There is substantial doubt concerning our ability to continue as a going concern.

GS Energy incurred a loss of $870,695 during the six months ended June 30, 2006, and GS Energy had approximately $386,974 in cash at June 30, 2006. These matters raise substantial doubt about GS Energy's ability to continue as a going concern. Management's plans include raising additional proceeds from debt and equity transactions and completing strategic acquisitions.

The exercise of our outstanding warrants and options and GS Energy'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.

The exercise of our outstanding warrants and options could result in the issuance of up to 512,500,000 shares of common stock, assuming all outstanding warrants and options are currently exercisable. Such issuances would reduce the percentage of ownership of our existing common stockholders and could, among other things, depress the price of our common stock. This result could detrimentally affect our ability to raise additional equity capital. In addition, the sale of these additional shares of common stock may cause the market price of our stock to decrease.

We may be unable to satisfy our current debts.

Our total liabilities as of June 30, 2006 were $2,109,161. We cannot afford to pay these amounts out of our operating cash flows.

We lack capital to fund our operations.

During the six months ended June 30, 2006 our operations used $64,922 in cash. In addition, during those six months we were required to make payments on some of our outstanding debts. Loans from some of our shareholders funded both the cash shortfall from operations and our debt service. Those individuals may not be able to continue to fund our operations or our debt service.

Our operations will suffer if we are unable to manage our rapid growth.

We are currently experiencing a period of rapid growth through internal expansion and strategic acquisitions. This growth has placed, and could continue to place, a significant strain on our management, personnel and other resources. Our ability to grow will require us to effectively manage our collaborative arrangements and to continue to improve our operational, management, and financial systems and controls, and to successfully train, motivate and manage our employees. If we are unable to effectively manage our growth, we may not realize the expected benefits of such growth, and such failure could result in lost sales opportunities, lost business, difficulties operating our assets and could therefore significantly impair our financial condition.

We may have difficulty integrating our recent acquisitions into our existing operations.

Acquisitions will involve the integration of companies that have previously operated independently from us, with focuses on different geographical areas. We may not be able to fully integrate the operations of these companies without encountering difficulties or experiencing the loss of key employees or customers of such companies. In addition, we may not realize the benefits expected from such integration.

Our use of percentage of completion accounting could result in a reduction or elimination of previously reported profits.

A substantial portion of our revenues are recognized using the percentage-of-completion method of accounting. This method of accounting results in us recognizing contract revenue and earnings over the term of a contract in the same periodic proportions as we incur costs relating to the contract. Earnings are recognized periodically, based upon our estimate of contract revenues and costs, except that a loss on a contract is recognized in full as soon as we determine that it will occur. Since the future reality may differ from our estimates, there is with each contract a risk that actual earnings may be less than our estimate. In that event, we are required to record an elimination of previously recognized earnings.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

BUSINESS RISK FACTORS (continued)

We will be unable to service our customers unless we can continue to retain top quality subcontractors and equipment manufacturers at favorable prices.

We rely on third party subcontractors and equipment manufacturers to complete our projects. The quality and timeliness of the services and equipment they provide determines, in part, the quality of our work product and our resulting reputation in the industry. In addition, if the amount we are required to pay for their services and equipment exceeds the amount we have calculated in bidding for a fixed-price contract, we will lose money on the contract. If we are unable to maintain relationships with subcontractors and manufacturers who will fill our requirements at a favorable price, our business will suffer.

Our failure to attract qualified engineers and management personnel could hinder our success.

Our ability to attract and retain qualified engineers and other professional personnel when we need them will be a major factor in determining our future success. There is a very competitive market for individuals with advanced engineering training, and we are not assured of being able to retain the personnel we will need.

Key personnel are critical to our business and our future success depends on our ability to retain them.

Our success depends on the contributions of our key management, environmental and engineering personnel. The loss of these officers could result in lost sales opportunities, lost business, difficulties operating our assets, difficulties raising additional funds and could therefore significantly impair our financial condition. Our future success depends on our ability to retain and expand our staff of qualified personnel, including environmental technicians, sales personnel and engineers. Without qualified personnel, we may incur delays in rendering our services or be unable to render certain services. We may not be successful in our efforts to attract and retain qualified personnel as their availability is limited due to the demand of hazardous waste management services and the highly competitive nature of the hazardous waste management industry. We do not maintain key person insurance on any of our employees, officers or directors.

Some of our existing stockholders can exert control over us and may not make decisions that further the best interests of all stockholders.

Our officers, directors and principal stockholders (greater that 5% stockholders) together control 100% of our outstanding Series D preferred stock. The preferred shares are convertible into 80% of our Common Stock. As a result, these stockholders, if they act individually or together, may exert a significant degree of influence over our management and affairs and over matters requiring stockholder approval, including the election of directors and approval of significant corporate transactions. In addition, this concentration of ownership may delay or prevent a change in control of us and might affect the market price of our common stock, even when a change in control may be in the best interest of all stockholders. Furthermore, the interests of this concentration of ownership may not always coincide with our interests or the interests of other stockholders and accordingly, they could cause us to enter into transactions or agreements which we would not otherwise consider.

GS Energy Corporation is not likely to hold annual shareholder meetings in the next few years.

Delaware corporation law provides that members of the board of directors retain authority to act until they are removed or replaced at a meeting of the shareholders. A shareholder may petition the Delaware Court of Chancery to direct that a shareholders meeting be held. But absent such a legal action, the board has no obligation to call a shareholders meeting. Unless a shareholders meeting is held, the existing directors elect directors to fill any vacancy that occurs on the board of directors. The shareholders, therefore, have no control over the constitution of the board of directors, unless a shareholders meeting is held. Management does not expect to hold annual meetings of shareholders in the next few years, due to the expense involved. Kevin Kreisler and James L. Grainer, who are currently the sole directors of GS Energy were appointed to that position by the previous directors. If other directors are added to the Board in the future, it is likely that Mr. Kreisler and Mr. Grainer will appoint them. As a result, the shareholders of GS Energy will have no effective means of exercising control over the operations of GS Energy.

Investing in our stock is highly speculative and you could lose some or all of your investment.

The value of our common stock may decline and may be affected by numerous market conditions, which could result in the loss of some or the entire amount invested in our stock. The securities markets frequently experience extreme price and volume fluctuations that affect market prices for securities of companies generally and very small capitalization companies such as us in particular.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

BUSINESS RISK FACTORS (continued)

The volatility of the market for GS Energy common stock may prevent a shareholder from obtaining a fair price for his shares.

The common stock of GS Energy is quoted on the OTC Bulletin Board. It is impossible to say that the market price on any given day reflects the fair value of GS Energy, since the price sometimes moves up or down by 50% or more in a week's time. A shareholder in GS Energy who wants to sell his shares, therefore, runs the risk that at the time he wants to sell, the market price may be much less than the price he would consider to be fair.

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.

Our common stock trades on the OTC Bulletin Board. As a result, the holders of our common stock may find it more difficult to obtain accurate quotations concerning the market value of the stock. Stockholders also may experience greater difficulties in attempting to sell the stock than if it were listed on a stock exchange or quoted on the NASDAQ National Market or the NASDAQ Small-Cap Market. Because our common stock does not trade on a stock exchange or on the NASDAQ National Market or the NASDAQ Small-Cap Market, and the market price of the common stock is less than $5.00 per share, the common stock qualifies as a "penny stock." SEC Rule 15g-9 under the Securities Exchange Act of 1934 imposes additional sales practice requirements on broker-dealers that recommend the purchase or sale of penny stocks to persons other than those who qualify as an "established customer" or an "accredited investor." This includes the requirement that a broker-dealer must make a determination on the appropriateness of investments in penny stocks for the customer and must make special disclosures to the customer concerning the risks of penny stocks. Application of the penny stock rules to our common stock affects the market liquidity of the shares, which in turn may affect the ability of holders of our common stock to resell the stock.

Only a small portion of the investment community will purchase "penny stocks" such as our common stock.

GS Energy common stock is defined by the SEC as a "penny stock" because it trades at a price less than $5.00 per share. GS Energy common stock also meets most common definitions of a "penny stock," since it trades for less than $1.00 per share. Many brokerage firms will discourage their customers from purchasing penny stocks, and even more brokerage firms will not recommend a penny stock to their customers. Most institutional investors will not invest in penny stocks. In addition, many individual investors will not consider a purchase of a penny stock due, among other things, to the negative reputation that attends the penny stock market. As a result of this widespread disdain for penny stocks, there will be a limited market for GS Energy common stock as long as it remains a "penny stock." This situation may limit the liquidity of your shares.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION SIX MONTHS ENDED JUNE 30, 2006

Revenues

Total revenues were $2,184,564 for the six months ended June 30, 2006, and $315,074 for the six months ended June 30, 2005.

The majority of revenues realized during six months ended June 30, 2006 were due to the operating activities of our recently acquired subsidiary, Warnecke Design Services, Inc. ("WDS"). WDS has traditionally engaged in the engineering and fabrication of manufacturing equipment for large domestic and international manufacturers, and revenues for the quarter ended June 30, 2006 related primarily to orders from that customer base.

WDS is currently executing a growth plan targeted at designing and fabricating processing equipment for the biofuels industry. This plan includes engineering and fabrication services for GS CleanTech Corporation, which is also owned by GS Energy's parent company, GreenShift Corporation, as well as for other nonaffiliated companies in the alternative fuels industry. Although the Company expects increases in revenue from these areas of expansion, there can be no assurance that the growth plan can be successfully implemented.

Cost of Revenues

Cost of revenues for the six months ended June 30, 2006 was $1,659,714, all of which was related to WDS. Cost of revenues included direct labor costs of $631,918, purchased components and other direct costs of $764,639, and indirect labor and manufacturing overhead of $263,157. Cost of revenues for the six months ended June 30, 2005 was $258,492.

Selling, General and Administrative Expenses

Selling, general and administrative expenses for the six months ended June 30, 2006 were $1,035,149. Selling, general and administrative expenses for the six months ended June 30, 2005 were $1,161,476. Selling, general and administrative expenses are expected to remain high as a percentage of sales until such time that the Company can achieve enough revenue growth and obtain the economies of scale necessary to support these expenses.

Interest Expense and Financing Costs

Interest expense and financing cost for the six months ended June 30, 2006 was $261,426. Interest expense and financing cost for the six months ended June 30, 2005 was $190,179. The interest expense was primarily attributable to our financing agreements with Cornell and Highgate.

We incurred $83,653 in amortization of financing costs during the six months ended June 30, 2006. These expenses represent the costs incurred in connection with the Highgate and Cornell Debentures and the fees we paid to compensate the parties associated with these financing transactions.

The Interest expenses and financing costs noted above are expected to decrease in future quarters due to the fact the Cornell Debentures were converted into common stock and the Highgate Debentures were assumed by GreenShift. Interest expense and financing costs could increase in future periods if the Company obtains new debt or equity financing.

Net Income and Net Loss

Our net loss for the six months ended June 30, 2006, was $870,695, and our net loss for the six months ended June 30, 2005 was $1,346,773. The net loss incurred was due to the expenses and other factors described above.

Liquidity and Capital Resources

The Company had $2,109,161 in liabilities at the end of the six months ended June 30, 2006

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

SIX MONTHS ENDED JUNE 30, 2006

Liquidity and Capital Resources (continued)

On February 7, 2006, GreenShift Corporation, GS Energy's majority shareholder, assumed certain convertible debentures GS Energy Corporation had previously issued to Highgate House Funds, Ltd., in the amount of $1,150,369, which included accrued interest of $89,734. In return for GreenShift's assumption of this debt, GS Energy issued GreenShift 1,150,369 shares of GS Energy's Series C Preferred Stock. Shares of GS Energy's Series C Preferred Stock carry a face value of $1.00, pay a coupon of 8%, and are convertible into GS Energy Corporation common stock at $0.01 per share.

Additionally, on February 2, 2006, Cornell Capital Partners, LP, converted $404,139 of debt into common stock. The amount converted equaled the entirety of the principal and accrued interest on the Convertible Debenture issued by GS Energy to Cornell.

The completion of the above described transactions resulted in the conversion of all of GS Energy's outstanding convertible debt with Cornell and Highgate, and the reduction of GS Energy's debt by a total of $1,554,508.

The Company had $297,980 in accounts payable and accrued expenses at June 30, 2006. The Company may not be able to satisfy these amounts predominantly out of cash flows from its operations, and may need to obtain additional financing to satisfy these obligations.

As of June 30, 2006, the Company owed $22,076 to various officers.

At the present time the Company does not have commitments from anyone to provide funds for the operations of GS Energy. Management continues to seek funding and any additional funding that is obtained is likely to involve the issuance of large amounts of stock, and will further dilute the interests of the existing shareholders.

Cash

Our primary sources of liquidity are cash provided by investing and financing activities. For the six months ended June 30, 2006, net cash used in operating activities was $64,922.

Liquidity

We used cash provided from investing and financing activities to fund operations. We intend to use cash provided from operating activities to fund operations during the fiscal year 2006.

The Company's capital requirements consist of general working capital needs, scheduled principal and interest payments on debt, obligations and capital leases and planned capital expenditures. The Company's capital resources consist primarily of cash generated from the issuance of debt and common stock. The Company's capital resources can be expected to be impacted by changes in accounts receivable as a result of revenue fluctuations, economic trends, and collection activities. At June 30, 2006 the Company had $386,974 in cash.

Cash Flows for the Quarter Ended June 30, 2006

For the six months ending, 2006, we obtained net cash from financing of $322,237 and used cash for investing activities of $27,209.

The Company had a working capital position of $144,749 at June 30, 2006. In reviewing our financial statements as of June 30, 2006, our auditor concluded that there was substantial doubt as to our ability to continue as a going concern.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition or results of operations.

[Zackes1]

Antwort auf Beitrag Nr.: 22.842.710 von Zackes1 am 21.07.06 15:38:25

-27,78 %

NASDAQ OTC BB

Aktuell

0,0026 USD

Zeit

22.08.06 17:28

Diff. Vortag

-27,78 %

Tages-Vol.

185.929,15

Gehandelte Stück

65 Mio.[/img]

Börse

NASDAQ OTC BB

Aktuell

0,0026 USD

Zeit

22.08.06 17:28

Diff. Vortag

-27,78 %

Tages-Vol.

185.929,15

Gehandelte Stück

65 Mio.

Damit sind wir wieder da, wo wir vor einer Woche angefangen haben. Na toll.

[Zackes1]

Antwort auf Beitrag Nr.: 22.842.710 von Zackes1 am 21.07.06 15:38:25

heute im plus?!?

[Zackes1]

Scönes Plus heute! Hoffentlich geht das so weiter!

[Zackes1]

So ist das geil!

[Zackes1]

Wann tut sich denn hier mal wieder was?