This is republished from 8 March '08 blog [and with minor SkunK updates] is still relevant today:
Significant events Ahead:10K
You basically get 90 days after the end of the our fiscal (calendar) year to file an annual report. You can get an automatic 15 day extension. We used the 90 day grace period and the 15 day extension in 2003, 2004, 2006 & 2007 {and 2008}. We did not file an extension in 2005. This tells me we have an 80% chance we will see a request for extension on or about 30 March 2009 rather than the actual report. If the extension is used the annual report would then be filed and posted about 15 April. Last year they took the 15 day extension and then only used 7 days and released on 7 April. One more curious thing about the spring 2005 (for 2004 calendar year) report was that it was both on time and the last time total stockholder equity was in the black. A cynical skunk might suggest that the trip home from school is a lot shorter with a good report card. I would guess that a timely report will definitely bring good news - an extension may mean bad news - or it may mean the bean counters really are as busy as two one legged men in a three legged race.
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The SkunK expects everyone that has read a newspaper in the last six months would have lowered their expectations for this annual. Expect things getting smaller, not bigger. After all the economy is in the deepest recession in seventy years and the biodiesel industry can only be described as in a depression - with about 75% of capacity idled. If you think that is a poor excuse, then you have an argument with almost every public company in the USA except Walmart and the Pawn Shop Industry. However, two things are important to remember. The "annual" reports as of 31 December 2008 and although the margins in the biodiesel industry dried up - it is yet to be seen if the corn oil extraction was idled. It is possible that by using third party local biodiesel plants, the transportation costs (but also our margins) may have been reduced enough to continue production with 3-4 COES? It will be interesting to read . . .
1Q
1st Quarter 2009 will be reported by May 15th. This has been generally timely in the past. Last year they took 5 day extension option for the quarterly and released on 20 May. It will come about only 30 to 45 days after the annual report.
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SkunK's SkunK Stocks
Over the last year that he has worked this blog, the SkunK has said very little about his other financial interests. Just to let you know I may (not?) be a complete idiot, I have said that I have varied investments ranging from Certificates of Deposits (uhhg) to indexes and DOW to etfs/otc/bb stocks. Another stock I have owned long term and followed as it was beaten down is finally starting to wake. NeoMedia Technologies Inc. (NEOM.OB) Man, the the big "U" in this chart is what a "SkunK" stock is all about . . .
http://ih.advfn.com/p.php?pid=webchart&btn=s_ok&ihsymbol=&ihpagelist=Quote&ihbtn=Get+Quote&symbol=USBB%3ANEOM&s_ok=OK&period=6&drawmode=2&size=19&volume=1
This stock has seen plenty of problems and dilution and like any stock or investment I talk about here I am not recommending it. However it it is a leader in its technical field* and recently secured a(nother) key patent . . . Could this little Cinderella story be repeated here? Will it be a patent received or a new technology that lights the fuse? Or will debt take us out . . . All I can say for sure. . . - I plan to be here to find out. . .
*(qcode) http://www.neom.com/imagine.php
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Another Possible Clentech in GERS portfolio:
The SkunK has already mentioned that one of the "potential" new technologies developed by GreenShift could be a glycerin to oil process. Glycerin is a 10% byproduct of the biodiesel process and is ripe for adding value. The SkunK remembers two things about High School Chemistry: 1. Glycerin is more closely related to alcohol than biodiesel. 2. I would have liked to have shared some chemistry with that girl that sat in front of me. But having been more focused on the second than the first, I will leave it to the certified smart people to say they can make more oil out of the biodiesel byproduct. In any case, here is one company that recently claims to have found a waste to oil process.
Biodiesel Byproducts Inked
CRANBURY, N.J. (DTN)
XcelPlus Global Holdings Inc., which makes a renewable fuel oil supplement called GlyClene from biodiesel byproducts using a waste-to-oil process, said it entered into a contract to supply the product valued at $40 to $60 million, depending on market conditions. Per the agreement, Oldcastle Materials Inc., a leading U.S. supplier of asphalt and ready mix concrete, will receive 3 million gallons per month of GlyClene. "We will begin deliveries before the end of March," said J. Michael Parsons, president of XcelPlus. "Sales of GlyClene open a new chapter for biodiesel producers with an incentive to ramp up capacity. The revenue opportunity for byproducts creates another salable commodity for the industry's portfolio." Oldcastle, headquartered in Atlanta, Ga., is a subsidiary of CRH plc, which is based in Dublin, Ireland. http://www.dtnethanolcenter.com/index.cfm?show=10&mid=78&pid=44
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GLTA Investors,
SkunK
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