(*NEW-Adrian Update on bottom*)
WHAT A RUN!!!
Will update throughout the day!
WOW!
For all those Who loaded Up on the MILLIONS of shares sold between .002 - .003 Congratulations!!! As a friend of mine says far too often:
Sine Testis, Sine Gloria! *
(If you dress it up it means "The glory belongs to the bold." My apologies to the ladies for my "french"pig latin. . .)
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Technologies Increase Corn To Biofuel Yields By 7% While Reducing Fossil Fuels Used In Corn Ethanol Production Process By Up To 10%
On Wednesday May 6, 2009, 8:00 am EDT
GreenShift Corporation today announced that it has received Notices of Allowance from the U.S. Patent and Trademark Office for its proprietary corn oil extraction technologies.
http://finance.yahoo.com/news/GreenShift-Receives-Notice-of-bw-15147307.html?.v=1
David Winsness, GreenShift’s chief technology officer and co-inventor of GreenShift’s extraction technologies, added that: “There are no other technologies that have been developed, commercialized and integrated into the corn ethanol industry today that have produced anything approaching the yield improvement and energy savings demonstrated by our extraction technologies. We are thrilled to have the first two of our many novel patent applications allowed and we are looking forward with great anticipation to contributing to the sustainability of our ethanol clients and the renewable fuels industry in a material way.”
So. . . What the Heck is a Notice of Allowance??
Thought you might ask . . .
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§ 1.311 Notice of Allowance.
(a) If, on examination, it appears that the applicant is entitled to a patent under the law, a notice of allowance will be sent to the applicant at the correspondence address indicated in § 1.33. The notice of allowance shall specify a sum constituting the issue fee which must be paid within three months from the date of mailing of the notice of allowance to avoid abandonment of the application. The sum specified in the notice of allowance may also include the publication fee, in which case the issue fee and publication fee (§ 1.211(e)) must both be paid within three months from the date of mailing of the notice of allowance to avoid abandonment of the application. This three-month period is not extendable.
http://www.uspto.gov/web/offices/pac/mpep/documents/appxr_1_311.htm
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WANT to know which TWO Patents were approved???
Go to the SkunK's Blog from April 18th. It describes each of the GERS pending patents and has links to the Patent Office for each. 1, 3, 4, 6, 7, on my list have to do with the COES. I believe two of those five were approved.
http://greenshift-gers.blogspot.com/2009/04/new-technologies-cleantech-portfolio-ii.html
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WHY WILL PATENTS APPROVED HELP GERS!!!???!!!
FIRST LETS LOOK AT THE ANNUAL
Let me pull out what is important - then you read the whole thing and see how I did:
1. . . . each of the competing extraction providers has copied our patent-pending extraction technologies. . .
2. Issued patents can be expected to have significant negative consequences for unauthorized use of our technologies by third parties.
The SkunK at first blush thinks this means that all competing corn oil extractors may have to negotiate a license with GreenShift or face immediate litigation. No Ethanol plant would dare try to finance a competitors machine if they faced its loss through patent infringement. This may put GERS in the DRIVER's SEAT!
And here is the ANNUAL portion as promised:
Competing Extraction Providers
Corn oil extraction technology did not exist before us. Our extraction technologies have been overwhelmingly accepted by corn ethanol producers and while competition has surfaced in our wake, we are consistently found by prospective clients to be the established technology leader, years ahead of competing providers. There are good reasons for this: we have invested more than $40 million in technology development, we have a four-year head start, and we have a strong vested interest in extracting and refining the extracted oil at the highest yield at the highest quality for the least energy and least cost to the host ethanol facility. While each of the competing extraction providers has copied our patent-pending extraction technologies, they have done it poorly; their average yield is about 25% of our proven yield. The competing installations that we have seen also increase the host ethanol facility's use of fossil fuel, thereby reducing the net value of the oil that they are able to extract. Conversely, we reduce the utility costs of our ethanol clients by about 10%.
Moreover, each entity is primarily focused on selling equipment - an activity that we have no interest in. We recognized at the start that the corn ethanol industry was subject to commodity risks that would eventually conspire to restrict ethanol producer access to the capital resources needed to build extraction facilities, and that this would in turn constrain use of our extraction technology and limit value creation for our shareholders. Elimination of this constraint required us to construct a business model that absorbed the capital costs of installing our extraction technologies in our client's facilities. We achieve this by retaining the long-term ownership of our extraction facilities (to collateralize the debt used to build those assets) and the extracted oil (to generate the recurring cash flows needed to service that debt) at rates that are indexed at a discount to diesel and protected with patents (to eliminate financing risk and to induce debt and equity providers to invest). We have a substantial investment in the development of this model and we have filed many novel patent applications with anticipated issuances beginning in 2009. Issued patents can be expected to have significant negative consequences for unauthorized use of our technologies by third parties.
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With a gaggle of cookie cutter PRs flying across the SkunK's search engines - here is one with some original copy:
GreenShift Patent Notice Paves Way for Success
"In the end, GreenShift is one of the few alternative energy providers with a strong patented technology and a revenue model fit for a public company. If successful in its rollout, this technology could help the company become a major player very quickly. As a result, GreenShift Corporation is one stock that OTC investors will want to keep an eye on!"
http://theotcinvestor.com/greenshift-patent-notice-paves-way-for-success-206/
Here is another:
Top 5 OTC-BB and Pinksheets Market Movers
GreenShift Corporation shares nearly tripled after it received a notice of allowance from the U.S. Patent Office for its corn oil extraction patents.
http://theotcinvestor.com/top-5-otc-bb-and-pinksheets-market-movers-207/
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Among all this excitment we see this released 5:30 pm tonight.
"Trial set for suit against NextDiesel"
ADRIAN, Mich. -
A January trial was set for a lawsuit against the owners of the NextDiesel plant in Adrian, seeking return of leased equipment at the idled biodiesel manufacturer. Another lawsuit pending in Lenawee County Circuit Court seeks foreclosure and sale of the property to pay a $6,200 debt owed for an overhead door installed at the plant last year. Other contractors have filed liens against the plant property at 1571 W. Beecher St. totaling nearly $500,000.
Kreisler’s letter stated: “Key short-term financing goals are to secure the working capital we need to restart our biodiesel refinery, and to finance the completion of sufficient extraction facilities to fill our refinery with 10 million gallons per year of extracted corn oil,” he said. “We are hopeful that we can complete one or more financings in this regard before July 2009.”
See entire article HERE:
http://www.lenconnect.com/news/x2133271399/Trial-set-for-suit-against-NextDiesel
{Why does the SkunK figure the market will decide the outcome here - one way or the other - long before a 2010 judicial proceeding?}
Hang on to your hats,
Good Luck to Investors,
SkunK
PS:
sine : (+ abl.) without.
testis : testicle.
gloria : glory.
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