SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    FORM 8-K
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              CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                          COMMISSION FILE NO.: 0-50469



                        Date of Report: February 19, 2008





                             GREENSHIFT CORPORATION
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             (Exact name of registrant as specified in its charter)


Delaware                                                           59-3764931
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 (State of other jurisdiction of                                (IRS Employer
incorporation or organization                               Identification No.)


One Penn Plaza, Suite 1612, New York, NY                                 10019
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(Address of principal executive offices)                              (Zip Code)


                                 (212) 994-5374
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               (Registrant's telephone number including area code)





Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

__   Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

__   Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

__   Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

__   Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))



ITEM 8.01     OTHER EVENTS


On February 19, 2008 Kevin  Kreisler,  Chairman and Chief  Executive  Officer of
GreenShift  Corporation,  sent  a  letter  to  the  shareholders  of  GreenShift
Corporation,  describing that  Corporation's  current business and plans for the
future.


ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS


Exhibits


99. Letter to shareholders dated February 19, 2008.



                                    SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



Dated:  March 6, 2008            GREENSHIFT CORPORATION

                                 By: /s/ Kevin Kreisler
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                                         Kevin Kreisler, Chief Executive Officer