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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
      D.C. 20549</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">FORM&#160;8-K</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
      REPORT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to Section&#160;13 or 15(d)&#160;of the</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Securities
      Exchange Act of 1934</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">December
      17, 2007</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Date
      of Report (date of earliest event reported):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">BETTER
      BIODIESEL, INC.</font></div>
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      name of registrant as specified in its charter)</font></div>
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                incorporation)</font></div>
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                Employer</font></div>
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      South 1550 West</font></div>
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      Fork, UT 84660</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant&#8217;s
      telephone number, including area code: <font style="DISPLAY: inline; FONT-WEIGHT: bold">(801)&#160;990-2810</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mountain
      States Holdings, Inc.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
      name or former address, if changed since last report)</font></div>
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      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:</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">o</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      Written communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font></div>
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      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font></div>
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      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
      Act
      (17 CFR 240.14d-2(b))</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">o</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
      Act
      (17 CFR 240.13e-4(c))</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">FORM
      8-K</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Section
      1 - Registrant&#8217;s Business and
      Operations</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Item
      1.01 Entry into a Material
      Definitive Agreement.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>On
      January 10, 2008, Better Biodiesel,
      Inc. (the &#8220;Company&#8221;) entered into an share exchange agreement (the &#8220;Share
      Exchange&#8221;) with GeoAlgae Technology, Inc. (&#8220;GeoAlgae&#8221;), under which GeoAlgae
      will exchange 100% of its issued and outstanding shares of common stock in
      exchange for: (i) 3,300,000 shares of common stock of the Company and (ii)
      the
      Company&#8217;s commitment to make up to 6,700,000 additional shares of common stock
      available, issuable subject to certain performance based criteria (the &#8220;BBDS
      Performance Shares&#8221;), such that (a) 80% of GeoAlgae&#8217;s contribution to Better
      Biodiesel&#8217;s EBITDA arising from GeoAlge&#8217;s future biofuel technology and/or fuel
      production shall be paid in BBDS Performance Shares at a value of $1.00 per
      share and (b) 20% of GeoAlgae&#8217;s contribution to Better Biodiesel's EBITDA
      arising from GeoAlgae&#8217;s future oil and fuel distributor based revenue shall be
      paid in BBDS Performance Shares at a value of $1.00 per share.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      agreement contemplates a closing date of February 10, 2008, and is conditioned
      upon completion of standard due diligence by the parties.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Section
      5 &#8211; Corporate Governance and
      Management</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
      5.03&#160;&#160;&#160; Amendments to Articles of Incorporation or Bylaws, Change
      in Fiscal Year.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      January 14, 2008, in reflection of the Company&#8217;s developing business strategy,
      the Company and a majority of its shareholders consented to an amendments to
      the
      Company&#8217;s Articles of Incorporation to change the Company name to &#8220;Geo
      BioEnegry, Inc.&#8221;<font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;</font>The
      amendment will be effective upon filing with the Sate of Colorado.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Item
      5.02 Departure of Directors or
      Principal Officers; Election of Directors; Appointment of Principal
      Officers.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      January 14, 2008, the Board of Directors (the &#8220;Board&#8221;) of Better Biodiesel, Inc.
      appointed Alan Chaffee and Gary M. De Laurentiis to the Board.&#160;&#160;Gary
      M. De Laurentiis is currently the Chief Technology Officer and a director of
      ECO2 Plastics, Inc., a publically traded developer of environmentally friendly
      plastics recycling technology, having previously served as the Chairman,
      President and CEO since founding ECO2 Plastics, Inc., in 1999.&#160; Mr. De
      Laurentiis has been active in the plastics recycling business for nearly twenty
      (20) years.&#160; In partnership with the Chinese Government, he designed and
      built his first plastics recycling plant in 1987.&#160; In the years since, he
      has designed, remodeled, built and operated plants in Mexico, North Carolina,
      Ohio, Florida, California and Canada for both local governments and private
      industries. From 1992 to 1995, Mr. De Laurentiis worked directly with the State
      Government in Campeche Mexico, living on-site for eighteen (18) months while
      directing the entire project. In 1996, an Ohio based group recruited Mr. De
      Laurentiis to open a shuttered recycling plant. Mr. De Laurentiis left the
      company in 1999 to start ECO2 Plastics, Inc.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Alan
      Chaffee currently severs as Chief Financial Officer of SARS Corporation, a
      publically traded asset tracking technology company, having been appointed
      in
      November 2007.&#160;&#160;Mr. Chaffee, a CPA, has over 15 years of professional
      experience in public accounting and private industry.&#160;&#160;He is also the
      Managing Partner at Goff Chaffee Geddes, PLLC (&#8220;GCG&#8221;), a CFO consulting
      firm.&#160;&#160;&#160;As a CFO consultant, Mr. Chaffee has assisted development
      stage companies make the transition to public companies.&#160;&#160;He has also
      assisted $1B companies meet their SEC reporting and Sarbanes-Oxley
      requirements.&#160;&#160;Mr. Chaffee earned a BS in Business and Accounting from
      the University of Oregon in 1992.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">The
      Board does not expect to name either
      Mr. </font>De Laurentiis <font style="DISPLAY: inline; COLOR: #000000">or Mr.
      Chaffee to any committee of the Board at this time.&#160;&#160;To the extent
      that any information called for in Item 404(a) of Regulation S-B is required
      pursuant to this appointment, such information is currently unavailable and
      will
      be provided in an amendment to this Form 8-K within four days from when this
      information becomes available.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Section
      9 - Financial Statements and
      Exhibits</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Item
      9.01 Financial Statements and
      Exhibits</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 72pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      <font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000">Exhibits.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Amendment
      to Articles of Incorporation, attached hereto as Exhibit 3.5.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Share
      Exchange Agreement with GeoAlgae Technology, Inc., dated January 10, 2008,
      attached hereto as Exhibit 10.7.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dated
      January 14, 2007</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
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          <tr>
            <td valign="top" width="39%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" colspan="2" valign="top" width="39%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">BETTER
                BIODIESEL, INC.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="39%">
            </td>
            <td align="left" valign="top" width="4%">
            </td>
            <td align="left" valign="top" width="35%">
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="39%">
            </td>
            <td align="left" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:</font></div>
            </td>
            <td align="left" valign="top" width="35%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">/s/
                David M. Otto</font></div>
            </td>
          </tr>
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            </td>
            <td align="left" valign="top" width="4%">
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director,
                Authorized Officer</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
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      INDEX</font></div>
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      Description</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Number</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Amendment
      to Articles of Incorporation</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.7&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Share
      Exchange Agreement with GeoAlgae Technology, Inc., dated January 10,
      2007</font></div><br>
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form8k.htm
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      D.C. 20549
FORM 8-K
CURRENT
      REPORT
Pursuant
      to Section 13 or 15(d) of the
Securities
      Exchange Act of 1934
December
      17, 2007
Date
      of Report (date of earliest event reported):
BETTER
      BIODIESEL, INC.
(Exact
      name of registrant as specified in its charter)
Colorado
333-67174
84-1153946
(State
                or other jurisdiction
of
                incorporation)
(Commission
                File Number)
(IRS
                Employer
I.D.
                Number)
355
      South 1550 West
Spanish
      Fork, UT 84660
(Address
      of principal executive offices)
Registrant's
      telephone number, including area code:
(801) 990-2810
Mountain
      States Holdings, Inc.
(Former
      name or former address, if changed since last report)
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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
      Act
      (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
      Act
      (17 CFR 240.13e-4(c))
FORM
      8-K
Section
      1 - Registrant's Business and
      Operations
Item
      1.01 Entry into a Material
      Definitive Agreement.
On
      January 10, 2008, Better Biodiesel,
      Inc. (the "Company") entered into an share exchange agreement (the "Share
      Exchange") with GeoAlgae Technology, Inc. ("GeoAlgae"), under which GeoAlgae
      will exchange 100% of its issued and outstanding shares of common stock in
      exchange for: (i) 3,300,000 shares of common stock of the Company and (ii)
      the
      Company's commitment to make up to 6,700,000 additional shares of common stock
      available, issuable subject to certain performance based criteria (the "BBDS
      Performance Shares"), such that (a) 80% of GeoAlgae's contribution to Better
      Biodiesel's EBITDA arising from GeoAlge's future biofuel technology and/or fuel
      production shall be paid in BBDS Performance Shares at a value of $1.00 per
      share and (b) 20% of GeoAlgae's contribution to Better Biodiesel's EBITDA
      arising from GeoAlgae's future oil and fuel distributor based revenue shall be
      paid in BBDS Performance Shares at a value of $1.00 per share.
The
      agreement contemplates a closing date of February 10, 2008, and is conditioned
      upon completion of standard due diligence by the parties.
Section
      5 – Corporate Governance and
      Management
Item
      5.03    Amendments to Articles of Incorporation or Bylaws, Change
      in Fiscal Year.
On
      January 14, 2008, in reflection of the Company's developing business strategy,
      the Company and a majority of its shareholders consented to an amendments to
      the
      Company's Articles of Incorporation to change the Company name to "Geo
      BioEnegry, Inc."
The
      amendment will be effective upon filing with the Sate of Colorado.
Item
      5.02 Departure of Directors or
      Principal Officers; Election of Directors; Appointment of Principal
      Officers.
On
      January 14, 2008, the Board of Directors (the "Board") of Better Biodiesel, Inc.
      appointed Alan Chaffee and Gary M. De Laurentiis to the Board.  Gary
      M. De Laurentiis is currently the Chief Technology Officer and a director of
      ECO2 Plastics, Inc., a publically traded developer of environmentally friendly
      plastics recycling technology, having previously served as the Chairman,
      President and CEO since founding ECO2 Plastics, Inc., in 1999.  Mr. De
      Laurentiis has been active in the plastics recycling business for nearly twenty
      (20) years.  In partnership with the Chinese Government, he designed and
      built his first plastics recycling plant in 1987.  In the years since, he
      has designed, remodeled, built and operated plants in Mexico, North Carolina,
      Ohio, Florida, California and Canada for both local governments and private
      industries. From 1992 to 1995, Mr. De Laurentiis worked directly with the State
      Government in Campeche Mexico, living on-site for eighteen (18) months while
      directing the entire project. In 1996, an Ohio based group recruited Mr. De
      Laurentiis to open a shuttered recycling plant. Mr. De Laurentiis left the
      company in 1999 to start ECO2 Plastics, Inc.
Alan
      Chaffee currently severs as Chief Financial Officer of SARS Corporation, a
      publically traded asset tracking technology company, having been appointed
      in
      November 2007.  Mr. Chaffee, a CPA, has over 15 years of professional
      experience in public accounting and private industry.  He is also the
      Managing Partner at Goff Chaffee Geddes, PLLC ("GCG"), a CFO consulting
      firm.   As a CFO consultant, Mr. Chaffee has assisted development
      stage companies make the transition to public companies.  He has also
      assisted $1B companies meet their SEC reporting and Sarbanes-Oxley
      requirements.  Mr. Chaffee earned a BS in Business and Accounting from
      the University of Oregon in 1992.
The
      Board does not expect to name either
      Mr.
De Laurentiis
or Mr.
      Chaffee to any committee of the Board at this time.  To the extent
      that any information called for in Item 404(a) of Regulation S-B is required
      pursuant to this appointment, such information is currently unavailable and
      will
      be provided in an amendment to this Form 8-K within four days from when this
      information becomes available.
Section
      9 - Financial Statements and
      Exhibits
Item
      9.01 Financial Statements and
      Exhibits
(d)
Exhibits.
Amendment
      to Articles of Incorporation, attached hereto as Exhibit 3.5.
Share
      Exchange Agreement with GeoAlgae Technology, Inc., dated January 10, 2008,
      attached hereto as Exhibit 10.7.
SIGNATURES
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
      January 14, 2007
BETTER
                BIODIESEL, INC.
By:
/s/
                David M. Otto
Director,
                Authorized Officer
EXHIBIT
      INDEX
Exhibit                                
      Description
Number
3.5                         Amendment
      to Articles of Incorporation
10.7                      Share
      Exchange Agreement with GeoAlgae Technology, Inc., dated January 10,
      2007