CleanBioenergy Partners

CleanBioenergy Partners, LLC, a Delaware limited liability company ("CleanBioenergy"), a newly formed joint venture company owned by two members: one is an affiliate of GE Energy Financial Services, a unit of General Electric Company, and the other member is an affiliate of YA Global Investments, L.P., a private investment firm managed by Yorkville Advisors, LLC.

SkunK - What exactly is an affiliate?

According to Investopidia:

A type of inter-company relationship in which one of the companies owns less than a majority of the other company's stock, or a type of inter-company relationship in which at least two different companies are subsidiaries of a larger company. However, note that for the purposes of filing consolidated tax returns, IRS regulations state that a parent company must possess at least 80% of a company's voting stock in order to be considered affiliated. http://www.answers.com/topic/affiliate-investment

So an "Affiliate of GE Energy Financial Services" is a unit that is owned in part or in whole by GS Energy Financial Services. GS Energy Financial Services is owned by General Electric. So does that mean that GE has invested in Greenshift? Well the short, simple and accurate answer, from all the information we have - is YES!

About GE Energy Financial Services
GE Energy Financial Services’ 350 experts invest globally with a long-term view, backed by the best of GE’s technical know-how and financial strength, across the capital spectrum and the energy and water industries, to help their customers and GE grow. With US $16 billion in assets, GE Energy Financial Services, based in Stamford, Connecticut, USA, invests more than US $5 billion annually in two of the world’s most capital-intensive industries, energy and water. http://fpcg.com/press/ge.php

Welcome video from GE Energy Financial Services’ CEO Windows Media, QuickTime

GE Energy Financial Services is rapidly growing and diversifying its portfolio of more than $4 billion in renewable energy assets. GE has a long track record of investing in wind, solar, biomass, hydro and geothermal power assets. In addition to renewable power assets, GE's renewables finance experts are examining growth opportunities in biofuels, greenhouse gas offsets, energy efficiency, and many other sectors. http://www.geenergyfinancialservices.com/investment/investfocus renew.asp
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Remember Fieldstone? From the last Annual Report p.19: "For our larger corporate capital needs we have retained Fieldstone Private Capital Group to assist us in raising capital to meet our corn oil extraction and biodiesel production capacity goals." http://fpcg.com/

Overview of Fieldstone
Fieldstone is an independent international investment banking boutique providing clients with sophisticated financial advisory services. Fieldstone is focused on the Energy and Infrastructure sector. This single-sector focus enables us to provide in-depth services and insightful solutions. Our services are discreet, relationship driven, and individually tailored to our clients’ needs. Fieldstone is able to execute complex domestic, international and cross-border transactions based on its broad market knowledge, structuring expertise and demonstrated access to international capital markets. Fieldstone maintains access to all sources of capital, unburdened by specific investment products or transactions, thus ensuring that our clients maximise value from the execution.
Fieldstone was founded in 1990, is 100% employee-owned, and has more than 40 professionals working in key locations around the world.


Could FieldStone be the "affiliate" of GE Energy Financial Services?

SkunK says NO! Fieldstone is an independent, employee owned company and an affiliate means an inter-company relationship. However FieldStone might still be involved since:




1. We retained Fieldstone in the past

2. Fieldstone has an ongoing relationship with GE Finacial Services

3. Fieldstone has facilitated GE Finacial Services investments around the world
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Conclusion:

Either directly or indirectly, GE money is going to be invested in GERS.

GE Energy Financial Services has 350 experts doing serious due diligence. They invest over $5B a year in energy and water. Their money comes from GE or previous investments. An "Affiliate" - of GE Energy Financial Services could mean the various teams who specialize in energy investment and are explained at this linK:

http://www.geenergyfinancialservices.com/investfocus.asp

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How do these things fit together? CleanBioenergy Partners? NextDiesel? GS Ardian? Can the SkunK manage to talk "relationships" with out getting all "chick-i-fied?"All good questions. The SkunK was gonna draw it all out in the sand with a stick - but -20 and waist deep snow stopped that cold. Here is my first effort to see how the GERS and their common shareholders (us) fit into the relationship.

Click on this LINK to get a bigger look at document below:
http://docs.google.com/Doc?id=dgzzx2hv_25ccb422cz

That is "owners row" along the bottom of that chart! May change as my understanding grows but thats the way I see it now. Didn't somebody already say "a picture is worth a thousand words"? Well I am sure he might have said "a picture is worth about ten words" if he based it on my lack of artistic talent. Hope it is some help,

SkunK