Thursday, November 20, 2008

NEW 3Q/A is now out!

http://www.sec.gov/Archives/edgar/data/1269127/000126912708000169/gersq308-2.txt
The 3Q was refiled TODAY to correct minor typographical errors. So do you what to know what they were? Save both the 3Q and the 3Qa to your desktop. Open up the 3Q. Go to Tools. Go to compare and merge. Next you open the 3Qa into the merge. It will show you all the changes. What I found were mostly typo stuff. Headings, how a date is formatted at the top of a column, that kind of stuff. The Ebitda on page 28, 29, 30 was increased changed from 1,096,289 to $1,104,518. Also the '07 Ebitda was changed from 965,121 to 710,711. On page 29 we also made a concession to you city slickers by changing "available animal fat" to "available feedstocks" - lol. In any case you can see below what other numbers changed below. I may have missed something, hopefully I got it all straight - but that's why I also gave you the instructions on how to check it yourself. All the conspiracy fans out there - have a field day. lol
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Also changed on page 30:
3Q: Other non-GAAP financial performance data:EBITDA
$(1,532,404) $ 4,175,173$ 1,096,289 $ (965,121)
to

3Qa Other non-GAAP financial performance data:EBITDA
$ (1,524,175) $ 4,429,583 $ 1,104,518 $ (710,711)

*******
On page 33:
From 3Q
Profitability

After accounting for the non-recurring loss realized on disposal of the
Company's investment in Sterling Planet, our Other Income (Expense) for the
three months ended September 30, 2008 was about $2,648,000, or about $10,592,000
on an annualized basis. Most of this amount is attributable to recurring
non-cash items such as amortization (about $6,270,000 per year) and interest
accruals (about $19,650 per year), and about $1,381,108 per year corresponds to
interest payable on an ongoing current basis in cash.


to

3Qa
Profitability

After accounting for the non-recurring loss realized on disposal of the
Company's investment in Sterling Planet, our Other Income (Expense) for the
three months ended September 30, 2008 was about $2,648,000, or about $10,592,000 on an annualized basis. Most of this amount is attributable to recurring non-cash items such as amortization (about $6,270,000 per year) and interest accruals (about $4,360,000 per year on an annualized basis), and about $460,000 per year corresponds to interest paid on an ongoing annualized basis in cash.


SkunK

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