For those of you fellow conspiracy theorists who think something is about to happen in GERS-ESYM-land I offer these inconclusive and highly subjective tidbits.
1. May 07, EcoSystem Corporation today announced the execution of a management services agreement with Global Ethanol, LLC to provide corporate and plant management services to the company.
2. May 11th, Trevor Bourne, founder and chief executive officer of Global Ethanol, LLC. was appointed to the Board of Directors ESYM (Effective May 31, 2009 - TODAY!)
3. This aggressive Global Ethanol Mission Statement:
The global leader in the renewable fuels industry within five years through operational excellence, strategic capacity expansion, acquisitions, technology enhancements, pre-eminent risk management, marketing and distribution capabilities.
4. The "Currect Projects" area of the Global Ethanol Web site has very recently gone "Under Construction" http://www.globalethanolservices.com/Current_Projects.html
Thanks to Hapitomcat for catching this change - although I check this page daily at home, I obviously have not kept up my daily routine on vacation. This page used to hold "Co2 Capture" and "Corn Oil Extraction" If we get a news release involving Global Ethanol - check this page for a joint release!
5. Under "Risk Management" on the global web site, this was recently added:
Corn Oil Sales "Global Ethanol utilizes its recently installed Corn Oil Extraction System (COES) to aggregate and store corn oil for sale in the open market to the highest bidder. In performing these functions, Global utilizes its already seasoned professionals for these activities and draws on its vast experiences within the management and marketing functions of its ethanol business"
6. "EcoSystem's is entitled to use Cellulosic Corn (TM) technology on a royalty-free basis in its first 100 million gallons per year of corn ethanol production facility (if successfully acquired)." GERS 1Qp22.
7. GERS grant application from the GERS 1Q p22:"The Company will collaborate with EcoSystem and Global Ethanol, LLC on the project."
In the SkunK's mind something is about to happen. Although all independent Companies at the moment, more and more information is being released to confirm they are attempting to join forces in one degree or another in technologies, government grants, management services, joint ventures? As of TODAY - the three CEOS of these companies are sitting on one Board of Directors - ESYM.
The key, as SkunK pointed out in a recent ESYM blog - may well be the 80% collateral held by YAGI in ESYM through preferred shares bundled in The Chairman of the Board's holdings. This is designed to protect YAGI's collateral, but certainly complicates financing, since it makes it very difficult for new money to secure their collateral.
(Wonder why the GE Deal involved so many new LLCs??? - The new money had to secure its investment outside the 80% held by YAGI in GERS.)
*********
Shorts Stop Here!
In an effort to protect your cardiovascular health this is the last warning! Stop! GO BACK!
OK, lets get real. A core belief in the "short cult" belief system is that the 80% preferred stock arrangement was to enrich the founder and CEO of GERS. As the line goes, no matter how much the common stock is diluted the CEO holds 80%. Lets look at the key word in the sentence above. That word is "holds". YAGI has so far not allowed attempts to set a fixed conversion rate, or to convert the preferred shares to common shares in either GERS and ESYM. So how could that possibly enrich the founder? Yes, he can vote the preferred shares and that protects the company from external or external hostile takeovers, as well as maintaining your hand on the rudder of the company. But maintaining shares that cannot be converted or sold or used as collateral is akin to living in a golden cage. Sure, the cage looks nice and shiny, but your movement or expansion is restricted in every direction and no direct financial gain is gotten.
Of course, one might surmise that as the debts are eliminated in the future, YAGI would release the company and the CEO would be allowed to negotiate a conversion rate with the company and thereby benefit from his position. Surely this would NOT be the argument of a "short" since they cannot imagine that scenario playing out. As a long, I would take that scenario in a second, since it meant that the company, along with my investment, was extremely successful.
*******
You can certainly draw your own conclusions. I have been wrong before. I do not know "WHAT" will happen. More and More information points to something happening soon. Maybe this week??? Here's hope'n its something good for GERS and ESYM common shareholders . . .
SkunK
Sunday, May 31, 2009
Wednesday, May 27, 2009
Big Oil Warms to Ethanol and Biofuel Companies
The SkunK found this industry reference off the Yahoo GERS board - posted by 'jaredcharles42'. Interesting. The article makes the point that Big Oil is mostly interested in non-corn Ethanol. However as the purchase of 7 VeraSun corn Ethanol Plants by Valero demonstrates, they are are also interested in transforming those Corn Ethanol plants and making them more efficient. This is the GreenShift corner of the world. Hopefully GERS will find a "corn fructose sugar daddy" among these big oil giants.
**************
NY Times
The interest expressed by big oil companies is coming in the nick of time for small companies that desperately need capital and cannot find it these days in the private markets.
The oil companies also say that as crude oil becomes ever more difficult and expensive to find, biofuels can bolster their reserves.
“Any time you get Big Oil into the game, that changes the paradigm because nobody can go large scale chemical engineering like Big Oil,” said Brent Erickson, an executive vice president of the Biotechnology Industry Organization, a trade group.
And Valero Energy Corporation, the country’s largest petroleum refiner, has snapped up seven corn ethanol plants from VeraSun Energy in recent months since VeraSun filed for bankruptcy protection last fall.
“There is tremendous interest by the oil companies to invest in these first-of-a-kind projects,” Mr. Klann said. “Where they were initially investing very tentatively in new technology development, in the last year they have begun to finally invest in companies that are building commercial production facilities.”
************
Entire Article Here:
http://www.nytimes.com/2009/05/27/business/energy-environment/27biofuels.html?pagewanted=2&_r=1&ref=business
Best of Luck to Investors,
SkunK
**************
NY Times
The interest expressed by big oil companies is coming in the nick of time for small companies that desperately need capital and cannot find it these days in the private markets.
The oil companies also say that as crude oil becomes ever more difficult and expensive to find, biofuels can bolster their reserves.
“Any time you get Big Oil into the game, that changes the paradigm because nobody can go large scale chemical engineering like Big Oil,” said Brent Erickson, an executive vice president of the Biotechnology Industry Organization, a trade group.
And Valero Energy Corporation, the country’s largest petroleum refiner, has snapped up seven corn ethanol plants from VeraSun Energy in recent months since VeraSun filed for bankruptcy protection last fall.
“There is tremendous interest by the oil companies to invest in these first-of-a-kind projects,” Mr. Klann said. “Where they were initially investing very tentatively in new technology development, in the last year they have begun to finally invest in companies that are building commercial production facilities.”
************
Entire Article Here:
http://www.nytimes.com/2009/05/27/business/energy-environment/27biofuels.html?pagewanted=2&_r=1&ref=business
Best of Luck to Investors,
SkunK
Tuesday, May 26, 2009
EPA to regulate livestock emissions
Brazil's Land Grab and EPA's Land Use
Ag policy people spent part of Thursday slugging it out together in the House Agriculture Committee hearing room talking about the flawed science behind indirect land use, questioning where this theory came from, denouncing the Environmental Protection Agency for trying to base policy on it and generally making the case to each other that the notion of using indirect land use to calculate the carbon emissions of U.S. biofuels is generally flawed.
Unfortunately, no one from the EPA testified, nor did anyone from the California Air Resources Board. These guys know their stuff. They have models. They can tell you, through these various models that it's ethanol's fault that the rain forests are being depleted.
After the hearing, though, an article from Brazil comes up on my Blackberry that blows the whole thing out of the water. Brazil's Congress is going to give away 247 million acres in the Amazon rain forest to 1.2 million people and numerous companies. The Reuters article stated the giveaway "could provoke a new wave of land-grabbing and deforestation, conservationists warn."
Yes, 247 million acres. That's more than the U.S. corn crop, soybean crop and wheat crop combined. Go ahead and throw in cotton too.
Please continue.
Rest Of Article and Headline Explained Here in last sentence:
http://www.dtnprogressivefarmer.com/dtnag/common/link.do?symbolicName=/ag/blogs/template1&blogHandle=policy&blogEntryId=8a82c0bc20eaaa38012165b7ef6a062c
Ag policy people spent part of Thursday slugging it out together in the House Agriculture Committee hearing room talking about the flawed science behind indirect land use, questioning where this theory came from, denouncing the Environmental Protection Agency for trying to base policy on it and generally making the case to each other that the notion of using indirect land use to calculate the carbon emissions of U.S. biofuels is generally flawed.
Unfortunately, no one from the EPA testified, nor did anyone from the California Air Resources Board. These guys know their stuff. They have models. They can tell you, through these various models that it's ethanol's fault that the rain forests are being depleted.
After the hearing, though, an article from Brazil comes up on my Blackberry that blows the whole thing out of the water. Brazil's Congress is going to give away 247 million acres in the Amazon rain forest to 1.2 million people and numerous companies. The Reuters article stated the giveaway "could provoke a new wave of land-grabbing and deforestation, conservationists warn."
Yes, 247 million acres. That's more than the U.S. corn crop, soybean crop and wheat crop combined. Go ahead and throw in cotton too.
Please continue.
Rest Of Article and Headline Explained Here in last sentence:
http://www.dtnprogressivefarmer.com/dtnag/common/link.do?symbolicName=/ag/blogs/template1&blogHandle=policy&blogEntryId=8a82c0bc20eaaa38012165b7ef6a062c
Governor Culver Announces New Investments In Iowa’s Economy
Diversifying in Mitchell CountyAbsolute Energy, LLC is considering a $2.4 million diversification at its Mitchell County ethanol plant. The Economic Development Board awarded the company $200,000 from the Value-Added Agricultural Products & Processes Financial Assistance Program (VAAPFAP) to add new equipment and storage to extract corn oil from the ethanol process. The corn oil would be sold to a regional biodiesel facility or as animal feed. Absolute Energy was also awarded tax credits from the High Quality Job Creation program for the plant modernization.
Whole article here:
http://www.allamericanpatriots.com/48752231-governor-culver-announces-new-investments-in-iowa’s-economy
I had another article earlier on the same subject,
http://greenshift-gers.blogspot.com/2009/05/iowa-economic-development-board-grants.html
Here is also a blurb:
http://www.biofuelsdigest.com/blog2/2009/05/26/gono-go-approaches-on-iowa-corn-oil-extraction-expansion-govt-chips-in-200k-of-24-million-investment/
SkunK
Whole article here:
http://www.allamericanpatriots.com/48752231-governor-culver-announces-new-investments-in-iowa’s-economy
I had another article earlier on the same subject,
http://greenshift-gers.blogspot.com/2009/05/iowa-economic-development-board-grants.html
Here is also a blurb:
http://www.biofuelsdigest.com/blog2/2009/05/26/gono-go-approaches-on-iowa-corn-oil-extraction-expansion-govt-chips-in-200k-of-24-million-investment/
SkunK
OT VOL IV
Just got back from the big city. I mean BIG city. 
With some 20M people in the immediate vicinity, the trains run on time because they have to. Every one is goin' somewhere fast. As our train pulled up to a station I noticed it had slid to a side track. WHAM an express blows buy on the track we were just on. After a few seconds at the stop dropping off and picking up passengers we head out back on the main track following only seconds behind the express. This happened time after time.
The sheer number of trains is incredible. Miss your train? Likely to be another going the same way in a few minutes.
Yes, this is a double decker express Commuter train.
With some 20M people in the immediate vicinity, the trains run on time because they have to. Every one is goin' somewhere fast. As our train pulled up to a station I noticed it had slid to a side track. WHAM an express blows buy on the track we were just on. After a few seconds at the stop dropping off and picking up passengers we head out back on the main track following only seconds behind the express. This happened time after time. 
The sheer number of trains is incredible. Miss your train? Likely to be another going the same way in a few minutes.
Sometimes we were running 10 tracks wide with trains going in different directions, different speeds - local, rapid and express sharing stations and the occasional track. It all seemed to me like a fine Swiss watch. In the extremely rare instance a train brakes down - and the cascade effect it can have - makes it major news here.
All the trains are powered overhead electric and quickly achieve speed. EVERY crossing is automated and gate controlled - every crossing down to a single lane rural crossing in a rice paddy. The gates leave no room to weave through a closed crossing. Everyone respects the train crossing. Cars stop and look even if the gates are not down. Bicycles and walkers do not linger on the tracks. What this allows is NO siren blowing at the crossings. Urban speeds that you hardly ever see in the states (Except east coast Amtrak?)
Yes, this is a double decker express Commuter train. ************
Population density, culture, geography: Public transportation works here like no other place I have seen.
Reporting from the Far East,
SkunK
Monday, May 25, 2009
No More Limp Along*
After reading and digesting the 1Q it appears we are definitely at the crossroads. The fate of Greenshift is about to be determined over the next 30-60 days. Surely before the next Q is released we will be well down our path fate has determined. The only two paths the SkunK sees are success or failure. Bankruptcy or Financing. No more Festus "limp along*" as we appear to have seen over much of the last two quarters.
First of all, many of you that have read this blog for a while, have heard this tone before. The SkunK has said many times over the months that we need financing "now". However, it is hard to read this last report and not come to the conclusion that "now" actually means "NOW!" Like within weeks. . .
As seen below we are in vendor collections for just over $2M. It appears we have already written off as "discontinued operations" both the Biodiesel plant and the Oil seed crushing plant and are actively seeking buyers or their "divestiture" in some manner.
My guess is at this point GERS management sees our best chance at financing involves cutting away both NextDiesel and Sustainable. Both had excellent potential at their acquisition, but both required expansion through financing and stable markets to become profitable. Neither of which was possible since the collapse of the oil and capital credit markets last fall. When the COES become more of a pure play our financing should become more possible. I expect to see news of the divestiture of either or both of these assets to be positive news - depending of course on reasonable terms that can be measured by the amount of legacy debt added.
The corn oil production for the first quarter was disappointing, however without a breakdown of how many COES were running and how many were involved in the vendor parts or services collections, per unit production would be speculative at best. The "red" reference below highly suggests part of our COES capacity is not producing due to lack of operating funds. Needless to say, the numbers should have been higher with 4-5 COES running at full production.
Here, below is some of the 1Q that I based my opinions on. You are encouraged to read the whole 1Q - multiple times. I give you the link. You, of course are always encouraged to come to your own conclusions. I certainly am not batting a thousand this hardball season - here or anywhere! Never have. For those who are - please - start a blog - I'll be your most avid and loyal reader! lol
****************
As of March 31, 2009, the Company was in default of its debt agreement with Acutus Capital, LLC, and NextGen Acquisition, Inc, was in default of its agreements with Stillwater Asset Backed Fund, LP.
As of March 31, 2009, the Company is in default of payments owed under the purchase agreement with Bollheimer Associates in the amount of $240,000, and is in discussions with the selling shareholder to restructure the terms of the relevant agreement.
The Company and its subsidiaries are party to numerous collections matters pertaining to outstanding accounts payable due to vendors.
The Company is also involved in various collection matters for which vendors are seeking payment for services rendered and goods provided. These collection matters total $2,096,000.
These facilities collectively are designed to extract in excess of 7.3 million gallons per year, of which more than of 6.0 million gallons per year is currently installed.. We are currently focused on securing the capital resources we need to operate our existing facilities and to build our contracted backlog of corn oil extraction facilities.
During the three months ended March 31, 2009, we also owned a 10 million gallon per year biodiesel facility in Adrian, Michigan ("BIG") and an oilseed crush facility in Culbertson, Montana ("Sustainable"). These two facilities were idled during the first quarter 2009 due to a lack of working capital. The Company expects to divest both BIG and Sustainable during the quarter ending June 30, 2009. The financial results of these subsidiaries have been presented as discontinued operations as and for the quarter ended March 31, 2009 (see Note 6,Discontinued Operations).
On April 27, 2009, Sustainable Systems, LLC entered into a settlement agreement with the states of Montana and North Dakota pertaining to outstanding payments due for purchase of oil seeds during 2008 that were contracted at rates far greater than current oilseed values. Sustainable had previously negotiated with two separate banks to receive working capital financing sufficient to service these obligations. Neither bank was able to close due to strain in the prevailing commodity and financial markets. Sustainable has accordingly idled its operations and voluntarily surrendered its commodity license to the state of Montana Department of Agriculture pending liquidation of Sustainable's inventories to satisfy the oilseed payables. Sustainable is permitted to reacquire its commodity license upon the completion of sufficient working capital and equity financing to operate. The liquidation of Sustainable's inventory is ongoing and is expected to be complete during the second quarter2009. While the Company is actively pursuing strategic investment to replenish the working capital resources of Sustainable, the Company intends to divest of the majority, and probably all, of its equity holdings in Sustainable during the second quarter 2009. The divestiture of Sustainable has not been completed as of the filing date of this report, however, the financial results of this subsidiary have been presented as discontinued operations as and for the quarter ended March 31, 2009 (see Note 6, Discontinued Operations).
REST of 1Q Here:
http://www.sec.gov/Archives/edgar/data/1269127/000126912709000048/gersq109.txt
*************
Good Luck to Investors,
SkunK
*"limp along" was borrowed from a readers email to describe GERS' present situation and is credited here.
First of all, many of you that have read this blog for a while, have heard this tone before. The SkunK has said many times over the months that we need financing "now". However, it is hard to read this last report and not come to the conclusion that "now" actually means "NOW!" Like within weeks. . .
As seen below we are in vendor collections for just over $2M. It appears we have already written off as "discontinued operations" both the Biodiesel plant and the Oil seed crushing plant and are actively seeking buyers or their "divestiture" in some manner.
My guess is at this point GERS management sees our best chance at financing involves cutting away both NextDiesel and Sustainable. Both had excellent potential at their acquisition, but both required expansion through financing and stable markets to become profitable. Neither of which was possible since the collapse of the oil and capital credit markets last fall. When the COES become more of a pure play our financing should become more possible. I expect to see news of the divestiture of either or both of these assets to be positive news - depending of course on reasonable terms that can be measured by the amount of legacy debt added.
The corn oil production for the first quarter was disappointing, however without a breakdown of how many COES were running and how many were involved in the vendor parts or services collections, per unit production would be speculative at best. The "red" reference below highly suggests part of our COES capacity is not producing due to lack of operating funds. Needless to say, the numbers should have been higher with 4-5 COES running at full production.
Here, below is some of the 1Q that I based my opinions on. You are encouraged to read the whole 1Q - multiple times. I give you the link. You, of course are always encouraged to come to your own conclusions. I certainly am not batting a thousand this hardball season - here or anywhere! Never have. For those who are - please - start a blog - I'll be your most avid and loyal reader! lol
****************
As of March 31, 2009, the Company was in default of its debt agreement with Acutus Capital, LLC, and NextGen Acquisition, Inc, was in default of its agreements with Stillwater Asset Backed Fund, LP.
As of March 31, 2009, the Company is in default of payments owed under the purchase agreement with Bollheimer Associates in the amount of $240,000, and is in discussions with the selling shareholder to restructure the terms of the relevant agreement.
The Company and its subsidiaries are party to numerous collections matters pertaining to outstanding accounts payable due to vendors.
The Company is also involved in various collection matters for which vendors are seeking payment for services rendered and goods provided. These collection matters total $2,096,000.
These facilities collectively are designed to extract in excess of 7.3 million gallons per year, of which more than of 6.0 million gallons per year is currently installed.. We are currently focused on securing the capital resources we need to operate our existing facilities and to build our contracted backlog of corn oil extraction facilities.
During the three months ended March 31, 2009, we also owned a 10 million gallon per year biodiesel facility in Adrian, Michigan ("BIG") and an oilseed crush facility in Culbertson, Montana ("Sustainable"). These two facilities were idled during the first quarter 2009 due to a lack of working capital. The Company expects to divest both BIG and Sustainable during the quarter ending June 30, 2009. The financial results of these subsidiaries have been presented as discontinued operations as and for the quarter ended March 31, 2009 (see Note 6,Discontinued Operations).
On April 27, 2009, Sustainable Systems, LLC entered into a settlement agreement with the states of Montana and North Dakota pertaining to outstanding payments due for purchase of oil seeds during 2008 that were contracted at rates far greater than current oilseed values. Sustainable had previously negotiated with two separate banks to receive working capital financing sufficient to service these obligations. Neither bank was able to close due to strain in the prevailing commodity and financial markets. Sustainable has accordingly idled its operations and voluntarily surrendered its commodity license to the state of Montana Department of Agriculture pending liquidation of Sustainable's inventories to satisfy the oilseed payables. Sustainable is permitted to reacquire its commodity license upon the completion of sufficient working capital and equity financing to operate. The liquidation of Sustainable's inventory is ongoing and is expected to be complete during the second quarter2009. While the Company is actively pursuing strategic investment to replenish the working capital resources of Sustainable, the Company intends to divest of the majority, and probably all, of its equity holdings in Sustainable during the second quarter 2009. The divestiture of Sustainable has not been completed as of the filing date of this report, however, the financial results of this subsidiary have been presented as discontinued operations as and for the quarter ended March 31, 2009 (see Note 6, Discontinued Operations).
REST of 1Q Here:
http://www.sec.gov/Archives/edgar/data/1269127/000126912709000048/gersq109.txt
*************
Good Luck to Investors,
SkunK
*"limp along" was borrowed from a readers email to describe GERS' present situation and is credited here.
Sunday, May 24, 2009
Saudi Arabian Oil Minister Naimi Says Oil to Reach $75 a Barrel
May 23 (Bloomberg) --
Saudi Arabian oil minister Ali al- Naimi said the price of oil will climb to $75 a barrel when demand picks up.
“We’ll get there eventually,” al-Naimi told reporters in Rome today where he will attend meetings with energy ministers from the Group of Eight industrialized nations. “The trick is keeping it between $70 and $80. It will be achieved as demand rises and the fundamentals are better than they are now.”
///////
Crude oil for July delivery rose 62 cents to settle at $61.67 a barrel at 2:45 p.m. on the New York Mercantile Exchange yesterday. The July contract increased 8.2 percent this past week. Oil is up 38 percent this year.
///////
“The problem is the market, that the demand is only in one place -- Asia and that’s all.”
Rest of Article Here:
http://www.bloomberg.com/apps/news?pid=20601087&sid=awtQr3leXiOk&refer=worldwide
SkunK
Saudi Arabian oil minister Ali al- Naimi said the price of oil will climb to $75 a barrel when demand picks up.
“We’ll get there eventually,” al-Naimi told reporters in Rome today where he will attend meetings with energy ministers from the Group of Eight industrialized nations. “The trick is keeping it between $70 and $80. It will be achieved as demand rises and the fundamentals are better than they are now.”
///////
Crude oil for July delivery rose 62 cents to settle at $61.67 a barrel at 2:45 p.m. on the New York Mercantile Exchange yesterday. The July contract increased 8.2 percent this past week. Oil is up 38 percent this year.
///////
“The problem is the market, that the demand is only in one place -- Asia and that’s all.”
Rest of Article Here:
http://www.bloomberg.com/apps/news?pid=20601087&sid=awtQr3leXiOk&refer=worldwide
SkunK
Saturday, May 23, 2009
OT Vol III
Found a Local Burger Joint. This company has been around since the 70's and is all over Asia. They have McDonalds in the larger cities here. Apparently the secret of the tasty burger is its donut shape! Helps to hold the condiments (and also limits the portion!)
Here you see the order at the SkunK's table. Two burgers and split an order of fries - just over ten bucks. The sauce is kind of a bland, mayo and salsa mix. Quite tasty. After a week of noodles for lunch and fish and rice for supper, just what I needed to service my American dashboard oil light. Now bring on more SUSHI!Here is the fun MOS burger website. http://www.mos.co.jp/index.php
Here is the business English version: http://www.mos.co.jp/english/
Wonder where the Gambling takes place? Here is a huge Pachinko Palace. Mostly they are smaller local places. Like the Casinos back home, many more fortunes lost here than will ever be won.
Please note two things: One, the sweet corn is planted in two close rows, followed by a space to run a wheelbarrow or something to collect the harvest. The second is a popular sign I see telling people to please clean up after walking their dog. If you look closely you can see the dogs embarrassment over his accident. (Never seen that in real life. . .lol)
Could this be the SkunK surfing below? Smart money says no!
Good Luck to investors
SkunK
The Man behind the Monkey
Dr Stock PickThe man behind the monkey has been trading for 30 years . . .
Stock Watch Alerts for Monday:
Brigham Exploration Co. (BEXP)
Brocade Communications Systems, Inc. (BRCD)
Discovery Laboratories Inc. (DSCO)
Ensco International Inc. (ESV)
Hecla Mining Co. (HL)
Coach Inc. (COH)
Applied DNA Sciences Inc. (APDN.OB)
Options Media Group Holdings, Inc. (OPMG.OB)
GreenShift Corporation (GERS.OB)
Enzyme Environmental Solutions, Inc. (EESO.PK)
See rest of article here:
http://multidisplay-pc.crownbazar.com/?p=628
Here is his home page
SkunKNice pinstripe suit. But a Red Tie?
Friday, May 22, 2009
The Iowa Economic Development Board Grants
Absolute Energy of St. Ansgar received a $100,000 loan and $100,000 forgivable loan to help add a $2.4 million corn-oil extraction operation at the 100 million-gallon ethanol plant.
http://www.desmoinesregister.com/article/20090522/BUSINESS/905220364/-1/NEWS04
********
No other details yet but it seems this IOWA State agency has released some stimulus money towards corn oil extraction. Unknown if this will directly effect GERS? The dolllar amount seems to fit the "purchase option" also used to finance the Albiob, MI COES. This is where the plant finances the COES and GERS pays a higher price on the corn oil.
Here is the Ethanol company's web site.
http://www.absenergy.org/home.html
SkunK
http://www.desmoinesregister.com/article/20090522/BUSINESS/905220364/-1/NEWS04
********
No other details yet but it seems this IOWA State agency has released some stimulus money towards corn oil extraction. Unknown if this will directly effect GERS? The dolllar amount seems to fit the "purchase option" also used to finance the Albiob, MI COES. This is where the plant finances the COES and GERS pays a higher price on the corn oil.
Here is the Ethanol company's web site.
http://www.absenergy.org/home.html
SkunK
Thursday, May 21, 2009
Red Trail Energy in North Dakota
RED TRAIL ENERGY, LLC. RESPONDS TO NEGATIVE MEDIA REPORTS
Richardton, North Dakota - May 18, 2009 -
Red Trail Energy, LLC, a North Dakota based producer of ethanol (“Red Trail”), has recently become aware of negative news reports with the headline, “Red Trail Energy may Face Bankruptcy.” Red Trail strongly believes that this headline is unfairly negative and fails to capture the full picture. While many of the stories themselves offer a more balanced look at Red Trail’s situation, the headline seemed aimed to grab attention, without regard for how it might negatively impact Red Trail or its investors, employees, the state of North Dakota or the ethanol industry.
Red Trail filed a report with the Securities and Exchange Commission (the “SEC”) on May 15, 2009 that outlined many of the challenges facing Red Trail and the rest of the ethanol industry, but also laid out Red Trail’s plan to improve its situation. Red Trail produced approximately 11.8 million gallons of ethanol during the first quarter of 2009 while focusing on:
·Concentrating on buying more corn from North Dakota farmers and less via rail, reducing transportation costs.
·Developing a corn procurement strategy to partner with our farmer members and senior lender to reduce the cost of corn inputs for the plant.
·Implementing efficiency improvement and cost savings measures.
Red Trail is facing significant challenges, many of which are affecting the ethanol industry as a whole. These challenges are disclosed in the Risk Factors sections of our respective Quarterly Report on Form 10-Q for the period ended March 31, 2009, and Annual Report on Form 10-K for the year ended December 31, 2008. It is important to realize, however, that Red Trail has always paid its corn suppliers and other vendors and employees on time and intends to continue doing so, as Red Trail knows its vendors and employees are the key to its survival. Red Trail also remains very optimistic regarding the long term success for the ethanol industry and anticipates the current supply and demand imbalance that has caused the current poor margin conditions will improve as demand for ethanol grows. The current Renewable Fuels Standard requires 10.5 and 12.0 billion gallons of ethanol to be blended in 2009 and 2010 respectively. This number continues to grow to 15.0 billion gallons from corn by 2015.
For a complete discussion about Red Trail’s operations and financial condition, including a discussion about how Red Trail may perform in the future, please review our SEC filings, including our Quarterly Report for the Period ended March 31, 2009, filed with the SEC on May 15, 2009.
The Entire Red Trail Press Release
http://www.sec.gov/Archives/edgar/data/1359687/000114420409028146/ex99-1.htm
Red Trail 1Q
http://www.sec.gov/Archives/edgar/data/1359687/000114420409027199/v149742_10q.htm
*********
SkunK Note: In the last published schedule, Red Trail was the Eighth COES.
SkunK
Richardton, North Dakota - May 18, 2009 -
Red Trail Energy, LLC, a North Dakota based producer of ethanol (“Red Trail”), has recently become aware of negative news reports with the headline, “Red Trail Energy may Face Bankruptcy.” Red Trail strongly believes that this headline is unfairly negative and fails to capture the full picture. While many of the stories themselves offer a more balanced look at Red Trail’s situation, the headline seemed aimed to grab attention, without regard for how it might negatively impact Red Trail or its investors, employees, the state of North Dakota or the ethanol industry.
Red Trail filed a report with the Securities and Exchange Commission (the “SEC”) on May 15, 2009 that outlined many of the challenges facing Red Trail and the rest of the ethanol industry, but also laid out Red Trail’s plan to improve its situation. Red Trail produced approximately 11.8 million gallons of ethanol during the first quarter of 2009 while focusing on:
·Concentrating on buying more corn from North Dakota farmers and less via rail, reducing transportation costs.
·Developing a corn procurement strategy to partner with our farmer members and senior lender to reduce the cost of corn inputs for the plant.
·Implementing efficiency improvement and cost savings measures.
Red Trail is facing significant challenges, many of which are affecting the ethanol industry as a whole. These challenges are disclosed in the Risk Factors sections of our respective Quarterly Report on Form 10-Q for the period ended March 31, 2009, and Annual Report on Form 10-K for the year ended December 31, 2008. It is important to realize, however, that Red Trail has always paid its corn suppliers and other vendors and employees on time and intends to continue doing so, as Red Trail knows its vendors and employees are the key to its survival. Red Trail also remains very optimistic regarding the long term success for the ethanol industry and anticipates the current supply and demand imbalance that has caused the current poor margin conditions will improve as demand for ethanol grows. The current Renewable Fuels Standard requires 10.5 and 12.0 billion gallons of ethanol to be blended in 2009 and 2010 respectively. This number continues to grow to 15.0 billion gallons from corn by 2015.
For a complete discussion about Red Trail’s operations and financial condition, including a discussion about how Red Trail may perform in the future, please review our SEC filings, including our Quarterly Report for the Period ended March 31, 2009, filed with the SEC on May 15, 2009.
The Entire Red Trail Press Release
http://www.sec.gov/Archives/edgar/data/1359687/000114420409028146/ex99-1.htm
Red Trail 1Q
http://www.sec.gov/Archives/edgar/data/1359687/000114420409027199/v149742_10q.htm
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SkunK Note: In the last published schedule, Red Trail was the Eighth COES.
SkunK
GRANT APPLICATION
During May 2009, the Company was requested by the U.S. Department of Energy and the U.S. Department of Agriculture to submit additional information relative to the Company's previously-filed pre-application for grant funding under the"Biomass Research and Development Initiative" for the construction of a demonstration facility based on the Company's Cellulosic Corn(TM) feedstock conditioning technology.
The Company's response to this request will be subject to additional review by the U.S. Department of Energy and the U.S. Department of Agriculture and there can be no assurance that the Company will be awarded any grant funds. If approved, the scope of the grant will be to test the Company's Cellulosic Corn(TM) feedstock conditioning technologies over a two year period at a targeted first generation corn ethanol facility.
The Company's patented and patent-pending feedstock conditioning technologies are designed to cost-effectively disintegrate cellulose to enhance corn-derived ethanol and oil production yields, decrease raw material and fossil fuel utilization by the corn ethanol process, and to improve the nutritional value of distillers grain. If approved, the grant award would be for $1.2 million and will require an additional $1.2 million to be provided by project collaborators. The Company will collaborate with EcoSystem and Global Ethanol, LLC on the project. p.22 1Q
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So what does the SkunK think about all this??? Of course plan number one is to get as many COES up and running as possible - as quickly as possible. Somewhere between 8-10 and we should be profitable.
In the background it looks like EcoSystems will be brought up big time legit and used to test these new technologies - hopefully using half grant $$ instead of just VC. Bringing Trevour Bourne aboard while working with Global Ethanol plays into the SkunK's feelings that these three companies will keep getting closer and closer until they are all headed to the same family reunion.
The Company's response to this request will be subject to additional review by the U.S. Department of Energy and the U.S. Department of Agriculture and there can be no assurance that the Company will be awarded any grant funds. If approved, the scope of the grant will be to test the Company's Cellulosic Corn(TM) feedstock conditioning technologies over a two year period at a targeted first generation corn ethanol facility.
The Company's patented and patent-pending feedstock conditioning technologies are designed to cost-effectively disintegrate cellulose to enhance corn-derived ethanol and oil production yields, decrease raw material and fossil fuel utilization by the corn ethanol process, and to improve the nutritional value of distillers grain. If approved, the grant award would be for $1.2 million and will require an additional $1.2 million to be provided by project collaborators. The Company will collaborate with EcoSystem and Global Ethanol, LLC on the project. p.22 1Q
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So what does the SkunK think about all this??? Of course plan number one is to get as many COES up and running as possible - as quickly as possible. Somewhere between 8-10 and we should be profitable.
In the background it looks like EcoSystems will be brought up big time legit and used to test these new technologies - hopefully using half grant $$ instead of just VC. Bringing Trevour Bourne aboard while working with Global Ethanol plays into the SkunK's feelings that these three companies will keep getting closer and closer until they are all headed to the same family reunion.
Wednesday, May 20, 2009
1Q is out!
Where we are . . .
*********
The number of outstanding shares of common stock as of May 20, 2009 was 500,000,000.
We significantly reduced overhead during the latter half of 2008, we cut headcount down to 20 as of May 20, 2009, . . .
As of March 31, 2009, we also owned a 10 million gallon per year biodiesel facility in Adrian, Michigan and an oilseed crush facility in Culbertson,Montana. These two facilities were idled during the first quarter 2009 due to alack of working capital. The Company's speciality equipment manufacturing operations were also idled during the first quarter of 2009. The Company intends to scale this operation as needed to fulfill the Company's growth needs as it builds, installs and maintains its various corn oil extraction facilities.
We have arranged for sufficient but costly bridge financing to cover essential overhead needs and we expect to be able to continue to rely on similar financing for the foreseeable future pending the resurrection of our working capital resources and the completion of sufficient construction financing. Until this occurs, our plan to generate the cash resources we need to cover our overhead and other cash needs is to produce and sell corn oil from our installed base of extraction facilities.
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Revenues
Total revenues for the three months ended March 31, 2009 were $855,658 representing a decrease of 2,040,141, or 70.5%, over the three months ended March 31, 2008 revenues of $2,895,799. Revenue for the three months ended March 31, 2009 included:
>> $624,334 in biofuel sales and,
>> $231,324 in equipment and technology sales.
In the comparable period of last year, our revenues were comprised of $331,371 from the sales of biofuels and $2,564,428 from sales of equipment and technology.
Production:
Corn oil extracted (gallons) 461,211
Average gross price of corn oil sold per gallon ($) 1.15
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Where we are going . . .
*********
Our revised plans for 2009 involve the following activities:
>> Divest our existing biodiesel refining and oilseed crush operations;
>> Complete rationalization of our overhead to the needs of our core competence (clean technology development) and the source of the cash flows we need to acheive break-even (our existing corn oil extraction facilities);
>> Complete the financing necessary to build out the extraction facilities included in our contracted backlog and then as many additional extraction facilities as possible as quickly as possible;
>> Reduce the substantial majority of our convertible and other debt; and,
>> Focus exclusively on servicing the growth needs of our extraction technologies while facilitating the development of other clean technologies in our portfolio by issuing an early adopter license for use of our Cellulosic Corn(TM) technologies (not including extraction) to a qualified corn ethanol producer to finance and administer early stage development activities (see Note 17, Subsequent Events, to the Company's Condensed Consolidated Financial Statements.)
********
See entire 1Q here
http://www.sec.gov/Archives/edgar/data/1269127/000126912709000048/gersq109.txt
More Later,
SkunK
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The number of outstanding shares of common stock as of May 20, 2009 was 500,000,000.
We significantly reduced overhead during the latter half of 2008, we cut headcount down to 20 as of May 20, 2009, . . .
As of March 31, 2009, we also owned a 10 million gallon per year biodiesel facility in Adrian, Michigan and an oilseed crush facility in Culbertson,Montana. These two facilities were idled during the first quarter 2009 due to alack of working capital. The Company's speciality equipment manufacturing operations were also idled during the first quarter of 2009. The Company intends to scale this operation as needed to fulfill the Company's growth needs as it builds, installs and maintains its various corn oil extraction facilities.
We have arranged for sufficient but costly bridge financing to cover essential overhead needs and we expect to be able to continue to rely on similar financing for the foreseeable future pending the resurrection of our working capital resources and the completion of sufficient construction financing. Until this occurs, our plan to generate the cash resources we need to cover our overhead and other cash needs is to produce and sell corn oil from our installed base of extraction facilities.
*********
Revenues
Total revenues for the three months ended March 31, 2009 were $855,658 representing a decrease of 2,040,141, or 70.5%, over the three months ended March 31, 2008 revenues of $2,895,799. Revenue for the three months ended March 31, 2009 included:
>> $624,334 in biofuel sales and,
>> $231,324 in equipment and technology sales.
In the comparable period of last year, our revenues were comprised of $331,371 from the sales of biofuels and $2,564,428 from sales of equipment and technology.
Production:
Corn oil extracted (gallons) 461,211
Average gross price of corn oil sold per gallon ($) 1.15
*********
Where we are going . . .
*********
Our revised plans for 2009 involve the following activities:
>> Divest our existing biodiesel refining and oilseed crush operations;
>> Complete rationalization of our overhead to the needs of our core competence (clean technology development) and the source of the cash flows we need to acheive break-even (our existing corn oil extraction facilities);
>> Complete the financing necessary to build out the extraction facilities included in our contracted backlog and then as many additional extraction facilities as possible as quickly as possible;
>> Reduce the substantial majority of our convertible and other debt; and,
>> Focus exclusively on servicing the growth needs of our extraction technologies while facilitating the development of other clean technologies in our portfolio by issuing an early adopter license for use of our Cellulosic Corn(TM) technologies (not including extraction) to a qualified corn ethanol producer to finance and administer early stage development activities (see Note 17, Subsequent Events, to the Company's Condensed Consolidated Financial Statements.)
********
See entire 1Q here
http://www.sec.gov/Archives/edgar/data/1269127/000126912709000048/gersq109.txt
More Later,
SkunK
Off Topic, Volume II
AS a review, the SkunK is spending 2-4 weeks in the far west/east. He is way off the beaten tourist path. The SkunK is reporting on some of the new trends he sees here and and is looking for some investment ideas. I realize this post is OT, but I find this stuff interesting and I hope you do not find it too Andy Rooney-ish. Sometimes the detail hits me between the eyes.
I expected to see USA beef but all of the imported beef I have seen is Australian. The cuts below are razor thin. Chicken and pork is mostly domestic.
This guy has a summer home a couple blocks off the beach. No problem. Just build a four story tower and attach a latter off your upstairs deck. Innovation. Problem solving.
Remember those little hand baskets they have in some convenience stores? Well, no need to carry around. You can set up to two baskets on these empty wire carts and then push around. This is the largest shopping cart I have seen so far. Notice the rear wheels are not fixed. Yes, that makes them easy to move sideways, but I found out that also causes them to drift during unbanked high speed turns.
We just finished the another day of the 15 day Summer basho Grand Sumo Tournament. Some small guy from Mongolia is one tough dude with an attitude and the SkunK predicts an upset - I think. Not sure what the heck is ALL going on, but the referees have really got a nice set of rags. I push a button on the remote and I can get the 7pm news and the Sumo tourney all in the King's English with a heavy British accent. Some of the American Movies ("Jaws" the other day) and series . . . (so this is what happened to "Alf"). . . also have the English language feature. . .
I found the Sams club of the orient. Here you can buy even your liquor in bulk. Those large plastic bottles of Suntory Whiskey (Domestic) are 4 liters! That's right - whiskey by (more than)the gallon! You can top off your liquor cabinet with the cheap stuff the next time a house guest overstays his welcome! Next to that is a "Black Jack" brand I never heard of. On the shelf above you can see a couple American brands - one of the few areas America has made market penetration here locally. .
I expected to see USA beef but all of the imported beef I have seen is Australian. The cuts below are razor thin. Chicken and pork is mostly domestic.
Asians have a high rate of lactose intolerance - and no wonder - on sale at $2.68 a liter in my picture, that runs $10.13 a gallon! After further research, the SkunK found a larger supermarket that ran a sale (for 135 yen a liter/exchange of .93/3.785 liters per gallon) at $5.97 a gallon for .07% low fat milk. I have to admit that this domestic milk is very sweet and delicious.
This guy has a summer home a couple blocks off the beach. No problem. Just build a four story tower and attach a latter off your upstairs deck. Innovation. Problem solving.
We should see the 1Q today,
SkunK
GreenShift Increases Backlog, Poised for Growth Ahead
GreenShift Corporation is making big waves in the alternative energy community with its unique corn oil extraction technology. Earlier this month, the company announced term sheets with several corn ethanol producers that correspond to more than 15 million gallons per year of extracted corn oil. The significant interest is a great sign for the future.
Unlike many other biofuels, GreenShift’s corn oil extraction technologies are widely considered to be the quickest path for margin improvement for existing corn ethanol producers. It is capable of extracting more than 6.5 gallons of previously unrecovered crude corn oil from every 100 gallons of ethanol produced, which equates to a 7% increase in production with little added cost.
In the end, GreenShift’s term sheets is a preclude to drafting and executing final agreements for the construction of facilities based on its proprietary technologies. If successful, these term sheets would increase the company’s backlog to more than 55 million gallons per year with its existing contracts. And this represents substantial revenue opportunities going forward.
Rest of Article here:
http://theotcinvestor.com/greenshift-increases-backlog-poised-for-growth-ahead-233/
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With the 1Q coming out today - 20th of May
Should make for an interesting day,
SkunK
Unlike many other biofuels, GreenShift’s corn oil extraction technologies are widely considered to be the quickest path for margin improvement for existing corn ethanol producers. It is capable of extracting more than 6.5 gallons of previously unrecovered crude corn oil from every 100 gallons of ethanol produced, which equates to a 7% increase in production with little added cost.
In the end, GreenShift’s term sheets is a preclude to drafting and executing final agreements for the construction of facilities based on its proprietary technologies. If successful, these term sheets would increase the company’s backlog to more than 55 million gallons per year with its existing contracts. And this represents substantial revenue opportunities going forward.
Rest of Article here:
http://theotcinvestor.com/greenshift-increases-backlog-poised-for-growth-ahead-233/
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With the 1Q coming out today - 20th of May
Should make for an interesting day,
SkunK
Tuesday, May 19, 2009
Some Days are just "Better" than Others.
GERS - Up 25% For The Day
Posted by: VIC / Category: Up 25% For The Day
GreenShift Corporation, together with its subsidiaries, develops and commercializes clean technologies that facilitate the use of natural resources in the United States. It uses its technologies to produce bio-fuel and other biomass-derived products. The company also extracts corn oil for use in the production of bio-diesel. It owns four corn oil extraction facilities in Oshkosh, Wisconsin; Medina, New York; Marion, Indiana; and Riga, Michigan; bio-diesel refinery located in Adrian, Michigan; and an oilseed crushing facility in Culbertson, Montana. The company was formerly known as GS CleanTech Corporation and changed its name to GreenShift Corporation in February 2008. GreenShift Corporation was founded in 1984 and is headquartered in New York, New York.
GERS at 10:13 AM 5/19/2009: Up 28% for the day
GreenShift Corporation, together with its subsidiaries, develops and commercializes clean technologies that facilitate the use of natural resources in the United States. It uses its technologies to produce bio-fuel and other biomass-derived products. The company also extracts corn oil for use in the production of bio-diesel. It owns four corn oil extraction facilities in Oshkosh, Wisconsin; Medina, New York; Marion, Indiana; and Riga, Michigan; bio-diesel refinery located in Adrian, Michigan; and an oilseed crushing facility in Culbertson, Montana. The company was formerly known as GS CleanTech Corporation and changed its name to GreenShift Corporation in February 2008. GreenShift Corporation was founded in 1984 and is headquartered in New York, New York.
GERS at 10:13 AM 5/19/2009: Up 28% for the day
See Rest of Article Here:
*********As I start my day with the sun already two hours above the Pacific, {Will SOMEBODY explain day light savings concept to these people!!! - 4am sunrise! geeze!} with finally a "strong" cup of coffee, I see GERS investors looked well today. Hopefully this little run signals we got some good "financing" pre-news about to come out of the 1Q. Looking at the volume, I think it is now safe to confirm we did hit the 500M os on May 09th, when I called it.
Expect the OS to also be addressed in the 1Q, hopefully as part of an overall financing solution. I believe the Annual expressed that we might see the first tier of financing by July, but hopefully we will be given some idea where we are headed in that department.
Best of Luck,
SkunK
Ethanol is preferable to untested wind, solar power
Investments in wind and solar energy are a key part of our nation’s energy strategy, but now is not the time for Congress to stop investing in ethanol in favor of these alternatives.
While wind and solar energy need additional research and technological advances to make them more efficient and affordable, ethanol is a proven technology that has been in use for a century.
Today, 10 percent of almost every gallon of gasoline you pump into your car is ethanol, reducing our daily consumption of foreign oil by hundreds of thousands of barrels.Even though the price of a bushel of corn has been cut in half since the recession began, food prices continue to rise, as do the profits of our leading food producing companies. The real intent by critics of ethanol is to find a scapegoat to protect their profits.
Further, researchers at Iowa State University found the use of ethanol as a gasoline supplement reduces the cost by 40 cents per gallon saving individual Americans hundreds of dollars and the nation billions of dollars each year.
REST of Article Here:
http://www.duluthnewstribune.com/event/article/id/120375/group/home/_
SkunK
While wind and solar energy need additional research and technological advances to make them more efficient and affordable, ethanol is a proven technology that has been in use for a century.
Today, 10 percent of almost every gallon of gasoline you pump into your car is ethanol, reducing our daily consumption of foreign oil by hundreds of thousands of barrels.Even though the price of a bushel of corn has been cut in half since the recession began, food prices continue to rise, as do the profits of our leading food producing companies. The real intent by critics of ethanol is to find a scapegoat to protect their profits.
Further, researchers at Iowa State University found the use of ethanol as a gasoline supplement reduces the cost by 40 cents per gallon saving individual Americans hundreds of dollars and the nation billions of dollars each year.
REST of Article Here:
http://www.duluthnewstribune.com/event/article/id/120375/group/home/_
SkunK
Monday, May 18, 2009
SkunK - From so far west its "East".
Besides massive jet lag and sitting on the tarmac for an hour getting past the "new flu" quarantine, my movement west went off with out a hitch. Nothing like being greeted by inspectors coming on the plane wearing surgical blue suits, goggles and masks (so they can take your temperature with thermal imagery equipment), to let you know you are in a unique, trendy corner of the world. Yes they take the "new flu" seriously. The national health office passed us off to the locals - they tracked us all down to a noodle shop (pictured below) - using a new cell phone number I did not give then - so they can make daily inquiry's about our temperature for the first week in country. In the states I might have been ticked at the intrusion. However being polite, efficient and service oriented sure makes a difference. The national news on Monday went a full 22 minutes about the "new flu", with 8 minutes to cover the rest of the news. OK - so the national culture here can be a bit obsessive. lol
Scaffolding has changed from bamboo to metal, since my last extended visit. I have seen diggers with about a half cubic foot hydraulic shovel sitting on a lawn mower sized tracked vehicle. No job too small (to be automated) comes to mind!
One of the reasons I chose to set up quarters here is that many technical innovations you see common here five years earlier than the good old USA. The sleepy town I am in also has good deep sea and surf fishing, great restaurants, fresh fish and farmers markets - no need to be miserable while you work! Beside, as you noted in the first picture, the SkunK is some kind of Smokey Bear cult figure here - first picture roughly translated - "Caution! Prevent forest fires!" After five days I haven't seen another foreign tourist.
Washer
My Clothes Washer/Clothes Dryer is one small appliance with one door. Works great, not yet sure how.
Refrigerator
In the USA most refrigerators have a refrigerator door and a freezer door. The one I just bought has three doors, with the freezer in the middle. Many come with up to seven or eight doors. You can get out the eggs without opening a big door. 
(Eggs are about $2.69 for ten- not a dozen) You do not know you need that many doors yet - but within five years you will be educated to demand it!
(Eggs are about $2.69 for ten- not a dozen) You do not know you need that many doors yet - but within five years you will be educated to demand it! Socks
Not much technical innovation in socks! Or is there? The delivery crew who came to set up my new appliances had socks that fit like a glove, rather than a mitten. That's right, each toe had a place to go! I went out and bought a pair for about $2. The ankle also has a fold of extra material so there is no stretch there - and the bottom has small pads - you do not slide in your shoes. Felt different at first, but comfortable after a minute or two.
Hot Water Heater
I have a digital control pad on the kitchen wall that controls the temperature of the tank-less water heater.
Toilet My western style toilet plugs in and has a remote control on the wall. Haven't touched it yet. lol. Flush handle goes two ways. Low and High. Finally a "power assist" for these low volume flushes!
TV
The LCD TV has a LAN rj-45 connection on it? I will let you know when I figure out why.
Doors
All commercial glass doors have a button in the glass that activates the door. Doors do not fly open when you get within ten feet of them. You push the button and they slide open. The only place I still saw the auto-open doors was at the bank. Very High traffic and large rooms.
Construction
Scaffolding has changed from bamboo to metal, since my last extended visit. I have seen diggers with about a half cubic foot hydraulic shovel sitting on a lawn mower sized tracked vehicle. No job too small (to be automated) comes to mind!Many of the things I mentioned here you may have already been familiar with. Some I was aware of but hadn't seen in action. Hopefully something I spotted here so far will give you an investment idea. The SkunK believes all will be common in the states eventually. Maybe you will even share your investment idea with me?
Good Hunting,
From the far west- (at least that's the direction I traveled to get here.)
SkunK
May 18th CEOcast Weekly Newsletter
Greenshift a company that develops and commercializes clean technologies that facilitate the efficient use of natural resources, announced last week that it has recently executed term sheets with several corn ethanol producers that correspond to more than 15 million gallons per year of extracted corn oil. Greenshift customarily enters into non-binding term sheets as a precursor to executing agreements for the construction of facilities based on GreenShift`s proprietary corn oil extraction technologies.. Assuming that these term sheets are converted into new contracts, it would put the company`s current backlog at 55 million gallons per year. The recent allowance of two key corn oil extraction patents has served to significantly improve Greenshift`s marketing position which should enhance the strategic options available to the company as they continue to develop their portfolio of carbon reducing ethanol production technology. Shares remained unchanged on the week at under a penny.
Entire Article Here:
http://stockreads.com/Stock-Newsletter.aspx?id=10358
More Later From the Wild West hang out,
Good Luck to Investors,
Entire Article Here:
http://stockreads.com/Stock-Newsletter.aspx?id=10358
More Later From the Wild West hang out,
Good Luck to Investors,
SkunK
GERS Added To Naked Short List Today
Greenshift, together with its subsidiaries, develops and commercializes clean technologies that facilitate the use of natural resources in the United States. It uses its technologies to produce bio-fuel and other biomass-derived products. The company also extracts corn oil for use in the production of bio-diesel. It owns four corn oil extraction facilities in Oshkosh, Wisconsin; Medina, New York; Marion, Indiana; and Riga, Michigan; bio-diesel refinery located in Adrian, Michigan; and an oilseed crushing facility in Culbertson, Montana. The company was formerly known as GS CleanTech Corporation and changed its name to GreenShift Corporation in February 2008. GreenShift Corporation was founded in 1984 and is headquartered in New York, New York. With 245.56 million shares outstanding and 700 shares declared short as of April 2009, there is a failure to deliver in shares of GERS. According to quarterly data provided by the SEC, there were still 547,708 shares of GERS that were failing-to-deliver as of May 5, 2008.
Entire Article Here:
On the road,
SkunK
Entire Article Here:
On the road,
SkunK
Thursday, May 14, 2009
SkunK Moves West
Well today the SkunK leaves his familiar Hooterville, deep inside Kornfield Kounty. He is headed west to late spring quarters. Since he has let few in the Kounty know, he doesn't expect a parade, and he certainly hopes the police escort to be "unofficial" this time. In any case, if all turns out I will be at my western hideout and back on the net before the end of the week. If all things technical turn out to be more difficult, I may be silent for up to 2-4 weeks.
In any case I pass these things to keep the rumors down about me moving to greener pastures. Afraid I am here to stay. Just on vacation! Will post pictures?
SkunK
In any case I pass these things to keep the rumors down about me moving to greener pastures. Afraid I am here to stay. Just on vacation! Will post pictures?
SkunK
Wednesday, May 13, 2009
Interesting article.....
EPA Puts Numbers to Renewable Fuels Strategy
May 12, 2009
The U.S. Environmental Protection Agency has proposed its strategy for increasing the supply of renewable fuels, poised to reach 36 billion gallons by 2022, as mandated by the Energy Independence and Security Act of 2007 (EISA).
Increasing renewable fuels will reduce dependence of foreign oil by more than 297 million barrels a year and reduce greenhouse gas (GHG)emissions by an average of 160 million tons a year when fully phased in by 2022. EISA will establish four categories of renewable fuels—cellulosic, biomass-based, advanced, and total renewable.
In 2022, the proposal would require:
16 billion gallons of cellulosic biofuels;
15 billion gallons annually of conventional biofuels;
4 billion gallons of advanced biofuels; and
1 billion gallons of biomass-based diesel.
REST of ARTICLE HERE:
http://www.eponline.com/articles/72013
Thanks to a blog reader for the article,
SkunK
May 12, 2009
The U.S. Environmental Protection Agency has proposed its strategy for increasing the supply of renewable fuels, poised to reach 36 billion gallons by 2022, as mandated by the Energy Independence and Security Act of 2007 (EISA).
Increasing renewable fuels will reduce dependence of foreign oil by more than 297 million barrels a year and reduce greenhouse gas (GHG)emissions by an average of 160 million tons a year when fully phased in by 2022. EISA will establish four categories of renewable fuels—cellulosic, biomass-based, advanced, and total renewable.
In 2022, the proposal would require:
16 billion gallons of cellulosic biofuels;
15 billion gallons annually of conventional biofuels;
4 billion gallons of advanced biofuels; and
1 billion gallons of biomass-based diesel.
REST of ARTICLE HERE:
http://www.eponline.com/articles/72013
Thanks to a blog reader for the article,
SkunK
US DOE to invest $800 million in biofuels projects
June 2009 Issue of BioDiesel Magazine
The U.S. DOE plans to invest nearly $800 million for the development of advanced biofuels and the construction of biofuel production facilities. The agency was allocated $786.5 million from the American Recovery and Reinvestment Act for a biomass program and will use the funding for new opportunities as well as to provide additional assistance for existing projects.
Funding will be separated into four categories: the validation of integrated biorefinery technologies, construction of demonstration- and commercial-scale biorefineries, advanced biofuels research and ethanol research. Most of the DOE’s biomass program budget will be used to explore the development of integrated biorefinery technologies. The goal is to validate a facility that would be capable of producing advanced biofuels capable of meeting the renewable fuel standard, bioproducts, and heat and power at a commercial-scale. The agency will invest a total of $480 million for projects focusing on integrated biorefineries.
SEE entire Article Here:
http://www.ethanolproducer.com/article.jsp?article_id=5670
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The blue categories above, the SkunK believes are the most likely to involve GERS. As it states above, the bold blue one is where the most money is and where the SkunK believes GERS seems to have a good shot at leveraging some of this government moola. This could tie into the "Gen 1.3 Integral New Technology (to be announced)" Which was later announced to be "Our portfolio of Cellulosic Corn™ technologies" including a number of (a) feedstock conditioning, (b) oil production, extraction and refining, and (c) energy and carbon mitigation technologies. GERS has released this:
"We have applied for grant financing to support the construction of pilot facilities based on each of our Cellulosic Corn™ technologies."
http://greenshift-gers.blogspot.com/2009/04/new-technologies-cleantech-portfolio.html
The SkunK also developed his belief partly based on a SkunK exclusive Q&A from January when Mr. Kreisler stated:
"We are submitting an application for DOE funds based on a combination of technologies, including our extraction platform and our bioreactor technologies."
http://docs.google.com/gview?a=v&pid=gmail&attid=0.1&thid=11f2f6add4555f80&mt=application%2Fpdf&pli=1
Good Luck to all investors,
SkunK
The U.S. DOE plans to invest nearly $800 million for the development of advanced biofuels and the construction of biofuel production facilities. The agency was allocated $786.5 million from the American Recovery and Reinvestment Act for a biomass program and will use the funding for new opportunities as well as to provide additional assistance for existing projects.
Funding will be separated into four categories: the validation of integrated biorefinery technologies, construction of demonstration- and commercial-scale biorefineries, advanced biofuels research and ethanol research. Most of the DOE’s biomass program budget will be used to explore the development of integrated biorefinery technologies. The goal is to validate a facility that would be capable of producing advanced biofuels capable of meeting the renewable fuel standard, bioproducts, and heat and power at a commercial-scale. The agency will invest a total of $480 million for projects focusing on integrated biorefineries.
SEE entire Article Here:
http://www.ethanolproducer.com/article.jsp?article_id=5670
*********
The blue categories above, the SkunK believes are the most likely to involve GERS. As it states above, the bold blue one is where the most money is and where the SkunK believes GERS seems to have a good shot at leveraging some of this government moola. This could tie into the "Gen 1.3 Integral New Technology (to be announced)" Which was later announced to be "Our portfolio of Cellulosic Corn™ technologies" including a number of (a) feedstock conditioning, (b) oil production, extraction and refining, and (c) energy and carbon mitigation technologies. GERS has released this:
"We have applied for grant financing to support the construction of pilot facilities based on each of our Cellulosic Corn™ technologies."
http://greenshift-gers.blogspot.com/2009/04/new-technologies-cleantech-portfolio.html
The SkunK also developed his belief partly based on a SkunK exclusive Q&A from January when Mr. Kreisler stated:
"We are submitting an application for DOE funds based on a combination of technologies, including our extraction platform and our bioreactor technologies."
http://docs.google.com/gview?a=v&pid=gmail&attid=0.1&thid=11f2f6add4555f80&mt=application%2Fpdf&pli=1
Good Luck to all investors,
SkunK
Tuesday, May 12, 2009
ALL GREEN WITH HUGE VOLUME
Every trading day PennyStockChaser.com sifts through thousands of stocks to identify those stocks that are poised and ready to move up. Why Penny Stocks? Penny Stocks are the only investments that can give a quick return of 100-1000%.
Greenshift Corporation New (OTCBB: GERS) is up 7% with a HUGE volume of 15 MILLION!! This comes a day after it announced it has executed term sheets with ethanol producers corresponding to more than 15 million gallons per year!
ENTIRE ARTICLE HERE:
http://www.emailwire.com/release/22488-ESYM-CBAI-GERS-ALL-GREEN-WITH-HUGE-VOLUME.html
********
If you have been reading this blog you knew this low volume was coming today. No more selling pressure from the company. This is good. Actually this +20M shares traded today was the lowest volume in the last six trading days. However those last six days were this highest volume period - by far - we have ever had. So far. We are just a financing deal away.
Good luck to all investors,
SkunK
Greenshift Corporation New (OTCBB: GERS) is up 7% with a HUGE volume of 15 MILLION!! This comes a day after it announced it has executed term sheets with ethanol producers corresponding to more than 15 million gallons per year!
ENTIRE ARTICLE HERE:
http://www.emailwire.com/release/22488-ESYM-CBAI-GERS-ALL-GREEN-WITH-HUGE-VOLUME.html
********
If you have been reading this blog you knew this low volume was coming today. No more selling pressure from the company. This is good. Actually this +20M shares traded today was the lowest volume in the last six trading days. However those last six days were this highest volume period - by far - we have ever had. So far. We are just a financing deal away.
Good luck to all investors,
SkunK
PPS (1pm update)
Price up. Volume Down.
So far the SkunK thinks he nailed it. Yesterday was the day .
Now how about a little (more) good news.
UPDATE
Speaking of good news:
I have not hardly commented yet on the increase of "term sheets" that may increase backlog from 40mmgy to 55 mmgy of corn oil. What does this mean? Well it means that about ten 50 mmgy ethanol plants (or their equivalent-for example five 100mmgy ethanol plants) have signed a term sheet. I guess that puts them on the list in front of those that have not yet signed. Why not sign an actual contract? Financing. We are all waiting for financing.
In my humble opinion everything is now in place except for a financing deal. We have the EPA saying the COES are proven technology. We have two key COES patents in place. Ethanol is scrambling for our product. I believe financing is a lot closer now than a month ago. We get legit financing and this think will likely explode. Government guarantees and grants will be icing on the cake. We may be close to a deal being announced. Maybe in the 1Q? Certainly expect the OS to be addressed soon - hopefully as part of an overall deal.
“We are pleased with our recent sales progress,” said David Winsness, [With fellow COES inventors - far right in picture] GreenShift’s Chief Technology Officer. “We believe that we will be able to add even more to our market presence once we are properly capitalized to execute on our existing backlog. We are currently evaluating a number of opportunities to do this in ways that we hope will allow us to accelerate and amplify our growth.”
Kevin Kreisler, GreenShift’s chief executive officer added that: “The recent allowance of our first two corn oil extraction patents has favorably altered our market positioning, making available an increased array of tactical options to build value for our clients and shareholders. GreenShift’s technology is especially significant considering the expected role of carbon emissions in the development of enhanced standards mandating the use of renewable fuels. Simply put, less carbon is better, and corn oil extraction lowers the carbon footprint of ethanol.”
SkunK
So far the SkunK thinks he nailed it. Yesterday was the day .
Now how about a little (more) good news.
UPDATE
Speaking of good news:
I have not hardly commented yet on the increase of "term sheets" that may increase backlog from 40mmgy to 55 mmgy of corn oil. What does this mean? Well it means that about ten 50 mmgy ethanol plants (or their equivalent-for example five 100mmgy ethanol plants) have signed a term sheet. I guess that puts them on the list in front of those that have not yet signed. Why not sign an actual contract? Financing. We are all waiting for financing.
In my humble opinion everything is now in place except for a financing deal. We have the EPA saying the COES are proven technology. We have two key COES patents in place. Ethanol is scrambling for our product. I believe financing is a lot closer now than a month ago. We get legit financing and this think will likely explode. Government guarantees and grants will be icing on the cake. We may be close to a deal being announced. Maybe in the 1Q? Certainly expect the OS to be addressed soon - hopefully as part of an overall deal.
“We are pleased with our recent sales progress,” said David Winsness, [With fellow COES inventors - far right in picture] GreenShift’s Chief Technology Officer. “We believe that we will be able to add even more to our market presence once we are properly capitalized to execute on our existing backlog. We are currently evaluating a number of opportunities to do this in ways that we hope will allow us to accelerate and amplify our growth.”Kevin Kreisler, GreenShift’s chief executive officer added that: “The recent allowance of our first two corn oil extraction patents has favorably altered our market positioning, making available an increased array of tactical options to build value for our clients and shareholders. GreenShift’s technology is especially significant considering the expected role of carbon emissions in the development of enhanced standards mandating the use of renewable fuels. Simply put, less carbon is better, and corn oil extraction lowers the carbon footprint of ethanol.”
SkunK
Monday, May 11, 2009
FORM 8-K Shares OS// with 8pm UPDATE
Date of Report: May 7, 2009
UNREGISTERED SALE OF EQUITY SECURITIES
The Company issued 61,943,930 shares of common stock upon the conversion of debt between April 16, 2009 and May 1, 2009, and another 71,180,584 shares of common stock upon the conversion of debt between May 2, 2009 and May 6, 2009. There are now 378,685,408 shares of common stock outstanding. The new shares were issued in separate transactions with three investors, each of whom exercised its right to convert derivative securities issued by the Company in prior periods. The issuances were exempt from registration under Section 5 of the Securities Act by reason of Section 4(2) of said Act, as the investors were sophisticated, were given access to information about the Company, and had taken the securities for investment. There were no underwriters.
SIGNATURE
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: May 11, 2009
GREENSHIFT CORPORATION
*******
Now here is a chance to update the SkunK's weekend prediction that we were up to the 500M max OS. Lets take a close look.
We know we increased our OS from 245,560,894 on April 14, 2009 (date of the annual) to 378,685,408 on 7 May, the date of this report. (Although it was signed and released on the 11th, the date of the report is the 7th and it includes transactions through the 6th.)
So during the 17 trading days including and between April 14th and May 6th we increased our OS by 133,124,514. During this same time we traded 247,457,172. In other words for every one share we traded we increased our OS by .537969916 of a share. So lets just round that off to a 53.797% ratio. This is SIGNIFICANTLY LESS than the 60.1846% we saw between 5 March and 14 April (that the SkunK used to project the 500M OS).
Once again the SkunK proves he can overestimate the OS! Apparently all those day traders posting on the boards - they really were day traders posting on the boards! And turning over lots of stock! IT WAS less of an increase of OS and more of day trading action! But not that much.
So where do we sit now?
UNREGISTERED SALE OF EQUITY SECURITIES
The Company issued 61,943,930 shares of common stock upon the conversion of debt between April 16, 2009 and May 1, 2009, and another 71,180,584 shares of common stock upon the conversion of debt between May 2, 2009 and May 6, 2009. There are now 378,685,408 shares of common stock outstanding. The new shares were issued in separate transactions with three investors, each of whom exercised its right to convert derivative securities issued by the Company in prior periods. The issuances were exempt from registration under Section 5 of the Securities Act by reason of Section 4(2) of said Act, as the investors were sophisticated, were given access to information about the Company, and had taken the securities for investment. There were no underwriters.
SIGNATURE
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: May 11, 2009
GREENSHIFT CORPORATION
*******
Now here is a chance to update the SkunK's weekend prediction that we were up to the 500M max OS. Lets take a close look.
We know we increased our OS from 245,560,894 on April 14, 2009 (date of the annual) to 378,685,408 on 7 May, the date of this report. (Although it was signed and released on the 11th, the date of the report is the 7th and it includes transactions through the 6th.)
So during the 17 trading days including and between April 14th and May 6th we increased our OS by 133,124,514. During this same time we traded 247,457,172. In other words for every one share we traded we increased our OS by .537969916 of a share. So lets just round that off to a 53.797% ratio. This is SIGNIFICANTLY LESS than the 60.1846% we saw between 5 March and 14 April (that the SkunK used to project the 500M OS).
Once again the SkunK proves he can overestimate the OS! Apparently all those day traders posting on the boards - they really were day traders posting on the boards! And turning over lots of stock! IT WAS less of an increase of OS and more of day trading action! But not that much.
So where do we sit now?
We traded 190,964,519 shares on the 7th and 8th of May. Multiply that by .53797 and we get an estimate of starting this new week with 378,685,408 another 102,733,182 shares for a total of
481,418,590 shares OS. Rather than hitting the OS wall last Friday afternoon as I had believed, we may hit it today or tomorrow.
************
Well I got a late start today (late nights tend to do that!) So as soon as I get a couple "honey dews" [or is it really dues or dos]" done I will be back.
*************
8 pm UPDATE ON TODAY'S BLOG
Today we traded 47,631,574 shares.
(I told you on Sunday we had seen our last 50M day!)
Multiply 47,631,574 by our new OS "factor" of .53797 and we get 25,624,358 added to our OS. Add that to our COB Friday estimate of 481,418,590 and the SkunK estimates we are NOW firmly up against our 500M OS.
Some of the assumptions I have worked into this guesstimate are:
1. The ratio of dilution over trading in the most recent past is the best info we have to predict the future.
2. Converted shares are traded almost immediately after conversion.
3. The rate of day trading does not increase with the increase of total trading.
The third assumption is obviously my weakest. High volume attracts more volume in day traders. This is how I explain my tendency to over estimate the OS.
As I explained in my "puffer fish" theory yesterday, we could see something move as soon as the 1Q which is due this Friday. (Next Wednesday when you factor in the auto-extension). Remember, a lot of bad news has already been been worked into this stock. Kind of like a bow string pulled taunt.
SkunK
Increased Corn Oil Extraction Backlog
NEW YORK--
GreenShift Corporation (OTC Bulletin Board: GERS) today announced that it has recently executed term sheets with several corn ethanol producers that correspond to more than 15 million gallons per year (“MMGY”) of extracted corn oil.
GreenShift typically enters into non-binding term sheets with its prospective clients as a prelude to drafting and executing final agreements for the construction of facilities based on GreenShift’s proprietary corn oil extraction technologies. If successfully converted into new contracts, the recently executed term sheets would increase GreenShift’s backlog to more than 55 MMGY when taken with GreenShift’s existing contracts.
Kevin Kreisler, GreenShift’s chief executive officer added that: “The recent allowance of our first two corn oil extraction patents has favorably altered our market positioning, making available an increased array of tactical options to build value for our clients and shareholders.
SEE ENTIRE ARTICLE HERE:
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20090511005871&newsLang=en
SkunK NOTE:
Although this was not the headline, and although increasing our backlog is important, this sentence hidden in the text is something I was really hoping to see and deserves its own headline. Readers of this blog know we have numerous COES patent applications. Some are more important than others. We could not tell from the initial PR if the patents accepted were SEQUENTIAL. In other words, were some passed over, to order to accept a fringe patent?? Where we not going to get the base patents? The answer is NO! The ones we got back were the first two. And were the most important. Good news for all my fellow investors!
"GreenShift recently received Notices of Allowance from the U.S. Patent and Trademark Office for the first two and the most significant of GreenShift’s corn oil extraction patent applications."
http://www.earthtimes.org/articles/show/greenshift-increases-corn-oil-extraction-backlog,819110.shtml
SkunK
GreenShift Corporation (OTC Bulletin Board: GERS) today announced that it has recently executed term sheets with several corn ethanol producers that correspond to more than 15 million gallons per year (“MMGY”) of extracted corn oil.
GreenShift typically enters into non-binding term sheets with its prospective clients as a prelude to drafting and executing final agreements for the construction of facilities based on GreenShift’s proprietary corn oil extraction technologies. If successfully converted into new contracts, the recently executed term sheets would increase GreenShift’s backlog to more than 55 MMGY when taken with GreenShift’s existing contracts.
Kevin Kreisler, GreenShift’s chief executive officer added that: “The recent allowance of our first two corn oil extraction patents has favorably altered our market positioning, making available an increased array of tactical options to build value for our clients and shareholders.
SEE ENTIRE ARTICLE HERE:
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20090511005871&newsLang=en
SkunK NOTE:
Although this was not the headline, and although increasing our backlog is important, this sentence hidden in the text is something I was really hoping to see and deserves its own headline. Readers of this blog know we have numerous COES patent applications. Some are more important than others. We could not tell from the initial PR if the patents accepted were SEQUENTIAL. In other words, were some passed over, to order to accept a fringe patent?? Where we not going to get the base patents? The answer is NO! The ones we got back were the first two. And were the most important. Good news for all my fellow investors!
"GreenShift recently received Notices of Allowance from the U.S. Patent and Trademark Office for the first two and the most significant of GreenShift’s corn oil extraction patent applications."
http://www.earthtimes.org/articles/show/greenshift-increases-corn-oil-extraction-backlog,819110.shtml
SkunK
The Food or Fuel Strawman Argument
Field corn is the predominant corn type grown in the U.S., and it is primarily used for animal feed. Currently, less than 10 percent of the U.S. field corn crop is used for direct domestic human consumption in corn-based foods such as corn meal, corn starch, and corn flakes, while the remainder is used for animal feed, exports, ethanol production, seed, and industrial uses. Sweet corn, both white and yellow, is usually consumed as immature whole-kernel corn by humans and also as an ingredient in other corn-based foods, but makes up only about 1 percent of total U.S. corn production.
Since U.S. ethanol production uses field corn, the most direct impact of increased ethanol production should be on field corn prices and on the price of food products based on field corn. However, even for those products heavily based on field corn, the effect of rising corn prices is dampened by other market factors. For example, an 18-ounce box of corn flakes contains about 12.9 ounces of milled field corn. When field corn is priced at $2.28 per bushel (the 20-year average), the actual value of corn represented in the box of corn flakes is about 3.3 cents (1 bushel = 56 pounds). (The remainder is packaging, processing, advertising, transportation, and other costs.) At $3.40 per bushel, the value is about 4.9 cents. The 49-percent increase in corn prices would be expected to raise the price of a box of corn flakes by about 1.6 cents, or 0.5 percent, assuming no other cost increases.
In 1985, Coca-Cola shifted from sugar to corn syrup in most of its U.S.-produced soda, and many other beverage makers followed suit. Currently, about 4.1 percent of U.S.-produced corn is made into high-fructose corn syrup. A 2-liter bottle of soda contains about 15 ounces of corn in the form of high-fructose corn syrup. At $3.40 per bushel, the actual value of corn represented is 5.7 cents, compared with 3.8 cents when corn is priced at $2.28 per bushel. Assuming no other cost increases, the higher corn price would be expected to raise soda prices by 1.9 cents per 2-liter bottle, or 1 percent. These are notable changes in terms of price measurement and inflation, but relatively minor changes in the average household food budget. http://www.ers.usda.gov/AmberWaves/February08/Features/CornPrices.htm
Before Ethanol, the government paid farmers to rot (did I mean store?) their corn in huge bins all over the midwest. The price was subsidized by the government. It was not pretty. But no one went hungry due to the price of corn.
After Ethanol, the market has used excess corn to clean the air and fuel America. It is the engine that drives the American farm economy. The national, state and local governments reap the increased revenues of rural prosperity. But still no one goes hungry due to the price of corn.
SkunK
Since U.S. ethanol production uses field corn, the most direct impact of increased ethanol production should be on field corn prices and on the price of food products based on field corn. However, even for those products heavily based on field corn, the effect of rising corn prices is dampened by other market factors. For example, an 18-ounce box of corn flakes contains about 12.9 ounces of milled field corn. When field corn is priced at $2.28 per bushel (the 20-year average), the actual value of corn represented in the box of corn flakes is about 3.3 cents (1 bushel = 56 pounds). (The remainder is packaging, processing, advertising, transportation, and other costs.) At $3.40 per bushel, the value is about 4.9 cents. The 49-percent increase in corn prices would be expected to raise the price of a box of corn flakes by about 1.6 cents, or 0.5 percent, assuming no other cost increases.
In 1985, Coca-Cola shifted from sugar to corn syrup in most of its U.S.-produced soda, and many other beverage makers followed suit. Currently, about 4.1 percent of U.S.-produced corn is made into high-fructose corn syrup. A 2-liter bottle of soda contains about 15 ounces of corn in the form of high-fructose corn syrup. At $3.40 per bushel, the actual value of corn represented is 5.7 cents, compared with 3.8 cents when corn is priced at $2.28 per bushel. Assuming no other cost increases, the higher corn price would be expected to raise soda prices by 1.9 cents per 2-liter bottle, or 1 percent. These are notable changes in terms of price measurement and inflation, but relatively minor changes in the average household food budget. http://www.ers.usda.gov/AmberWaves/February08/Features/CornPrices.htm
Before Ethanol, the government paid farmers to rot (did I mean store?) their corn in huge bins all over the midwest. The price was subsidized by the government. It was not pretty. But no one went hungry due to the price of corn.
After Ethanol, the market has used excess corn to clean the air and fuel America. It is the engine that drives the American farm economy. The national, state and local governments reap the increased revenues of rural prosperity. But still no one goes hungry due to the price of corn.
SkunK
Sunday, May 10, 2009
Shares ended trading at $0.0082, up 256% on the week.
May 11th CEOcast Weekly Newsletter
Volume Alert:
Shares of Greenshift (OTCBB: GERS), a company that develops and commercializes clean technologies that facilitate the efficient use of natural resources, rocketed 256% on over 2,000 times average volume last week following the news that the company was awarded patent protection from the US patent office for its proprietary corn oil extraction technologies. The company also announced last week that the US FDA has included Greenshift`s technological capabilities in its new projections on the potential contribution of corn ethanol to the renewable fuels industry. GreenShift`s corn oil extraction technologies make possible the production of biodiesel from inedible corn oil, a previously untapped feedstock entrained in the distillers` grain co-product of corn ethanol production. This increases the yield of biofuel from corn by 7% while reducing the amount of fossil fuels used in the corn ethanol production process by up to 10%. Shares remained unchanged at less than a penny on the week. Shares ended trading at $0.0082, up 256% on the week.
SEE ENTIRE ARTICLE AND DISCLAIMERS HERE:
http://stockreads.com/Stock-Newsletter.aspx?id=10131
And Here:
http://stockreads.com/Stock-Newsletters-By-Symbol.aspx?stock=GERS
SkunK
Volume Alert:
Shares of Greenshift (OTCBB: GERS), a company that develops and commercializes clean technologies that facilitate the efficient use of natural resources, rocketed 256% on over 2,000 times average volume last week following the news that the company was awarded patent protection from the US patent office for its proprietary corn oil extraction technologies. The company also announced last week that the US FDA has included Greenshift`s technological capabilities in its new projections on the potential contribution of corn ethanol to the renewable fuels industry. GreenShift`s corn oil extraction technologies make possible the production of biodiesel from inedible corn oil, a previously untapped feedstock entrained in the distillers` grain co-product of corn ethanol production. This increases the yield of biofuel from corn by 7% while reducing the amount of fossil fuels used in the corn ethanol production process by up to 10%. Shares remained unchanged at less than a penny on the week. Shares ended trading at $0.0082, up 256% on the week.
SEE ENTIRE ARTICLE AND DISCLAIMERS HERE:
http://stockreads.com/Stock-Newsletter.aspx?id=10131
And Here:
http://stockreads.com/Stock-Newsletters-By-Symbol.aspx?stock=GERS
SkunK
Saturday, May 9, 2009
500M Shares Outstanding
The SkunK has done a fairly good job of predicting shares outstanding. In fact he has ranged from close to scary close. For the shares OS, my errors have normally been to the high side. (Lets skip over my pps forecasts for now! lol)
During the trading days between 5 March and 14 April 158,186,598 shares traded hands. During those same days we went from 150,356,886 to 245,560,894 shares OS. That is an increase of 95,204,008 shares OS.
In other words, for every 1 share traded, we increased our OS by .60184623225 - or let’s just say 60.1846% of a share.
From April 14th until today we have traded 438,421,691 shares. If we multiply that by .601846 we get about 263,862,341 additional shares OS. We can “estimate” we added that many shares to the OS since 14 April. If we then add 263,862,341 additional shares to the 245,560,894 we already had on 14 April - we get an estimate of 509,423,235 Shares OS. In other words, the Skunk estimates we hit our 500M maximum shares OS during last Friday’s afternoon trading. I would guess the additional +9M shares in my estimate are actually due to the abnormal amount of day trading over the last few days. I would guess we stand right up against the 500M maximum OS.
What the heck does that mean??
Beats me. But this is what could happen if my gut is right:
1. Selling pressure is gonna dry up real fast. Like what happened Friday afternoon.
2. The company, may release more good information, which should have an immediate effect on price.
3. sKUNk'S PUFFER FISH THEORY: With no selling pressure, the pps could be driven up in combination with the 500M OS - this will give the company a decent market capitalization.
4. The ballooned market capitalization will increase the companies overall value to assist in what the SkunK believes is surely being sought after: A deal to finance. This could be a buy in, a sale, an investment, a loan, a merger, whatever the heck you want to call it. . . a way to finance the COES.
5. This max 500M OS will also lead to either an increase in the OS, or a reverse split - or the
SkunK has a hunch on a third option - we could see a transfer of our shares through merger into a new or existing public company.
Conclusion. The company may be up against the 500M OS. In the immediate future that should curtail selling pressure. GERS may take the opportunity to release more good news to increase the buying pressure. Max os, decreased selling, increased buying should red line market capitalization, putting GERS in the best possible position to do a deal. Expect the share structure to then change through an increase in OS, R/S, or merger.
If the SkunK is right then then we have seen the last 50M share day - let alone a hundred million! Next weeks trading will confirm it. Then we will see the actual numbers shortly. Remember the 1Q is due this Friday and with the 5 day extension is actually due just a week from Wednesday.
My Humble Opinion as always,
SkunK
During the trading days between 5 March and 14 April 158,186,598 shares traded hands. During those same days we went from 150,356,886 to 245,560,894 shares OS. That is an increase of 95,204,008 shares OS.
In other words, for every 1 share traded, we increased our OS by .60184623225 - or let’s just say 60.1846% of a share.
From April 14th until today we have traded 438,421,691 shares. If we multiply that by .601846 we get about 263,862,341 additional shares OS. We can “estimate” we added that many shares to the OS since 14 April. If we then add 263,862,341 additional shares to the 245,560,894 we already had on 14 April - we get an estimate of 509,423,235 Shares OS. In other words, the Skunk estimates we hit our 500M maximum shares OS during last Friday’s afternoon trading. I would guess the additional +9M shares in my estimate are actually due to the abnormal amount of day trading over the last few days. I would guess we stand right up against the 500M maximum OS.
What the heck does that mean??
Beats me. But this is what could happen if my gut is right:
1. Selling pressure is gonna dry up real fast. Like what happened Friday afternoon.
2. The company, may release more good information, which should have an immediate effect on price.
3. sKUNk'S PUFFER FISH THEORY: With no selling pressure, the pps could be driven up in combination with the 500M OS - this will give the company a decent market capitalization.
4. The ballooned market capitalization will increase the companies overall value to assist in what the SkunK believes is surely being sought after: A deal to finance. This could be a buy in, a sale, an investment, a loan, a merger, whatever the heck you want to call it. . . a way to finance the COES.
5. This max 500M OS will also lead to either an increase in the OS, or a reverse split - or the
SkunK has a hunch on a third option - we could see a transfer of our shares through merger into a new or existing public company. Conclusion. The company may be up against the 500M OS. In the immediate future that should curtail selling pressure. GERS may take the opportunity to release more good news to increase the buying pressure. Max os, decreased selling, increased buying should red line market capitalization, putting GERS in the best possible position to do a deal. Expect the share structure to then change through an increase in OS, R/S, or merger.
If the SkunK is right then then we have seen the last 50M share day - let alone a hundred million! Next weeks trading will confirm it. Then we will see the actual numbers shortly. Remember the 1Q is due this Friday and with the 5 day extension is actually due just a week from Wednesday.
My Humble Opinion as always,
SkunK
Chairman Mao
It has been awhile since I posted a direct link to a post on a board. Having the mind set of a die hard capitalist and cold warrior, I did not think I could appreciate much of what Chairman Mao had to say. However he has a thought provoking strategic post on I-hub that I encourage all to read.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37678828
In the blog below I trash "indirect land use" theory and its effect on corn ethanol and soy based biodiesel. I certainly have not changed my mind. However, as this post points out, the concept may cause GERS COES technology to be extremely necessary to both the ethanol and biodiesel markets. Soy based biodiesel (22%) might have to be mixed with extracted corn oil biodiesel and/or waste oils in order to achieve the 50% platform talked about below. Along with our newly approved patents, this could cause our pps to move aggressively in the right direction.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37678828
In the blog below I trash "indirect land use" theory and its effect on corn ethanol and soy based biodiesel. I certainly have not changed my mind. However, as this post points out, the concept may cause GERS COES technology to be extremely necessary to both the ethanol and biodiesel markets. Soy based biodiesel (22%) might have to be mixed with extracted corn oil biodiesel and/or waste oils in order to achieve the 50% platform talked about below. Along with our newly approved patents, this could cause our pps to move aggressively in the right direction.
Some good backgound links:
White House Steps Up Support for Biofuels
"In pursuing these goals, the Secretaries of Agriculture and Energy, Tom Vilsack and Steven Chu, along with the administrator of the Environmental Protection Agency, Lisa Jackson, announced during a press conference the formation of a “Biofuels Interagency Working Group,’’ comprised of the three agencies."
"Through the working group, the federal government announced several goals, including helping to refinance existing ethanol and biodiesel factories whose owners were having trouble obtaining credit, guaranteeing loans for the construction of new biorefineries, and expediting funding to help producers of cellulosic crops."
"Through the working group, the federal government announced several goals, including helping to refinance existing ethanol and biodiesel factories whose owners were having trouble obtaining credit, guaranteeing loans for the construction of new biorefineries, and expediting funding to help producers of cellulosic crops."
"President Obama put the Agriculture Department in charge (SkunK: "a GOOD Decision!") of the multi-agency effort — a strong signal that the ethanol program remains a program for rural economic development. "
Don’t Single Out Ethanol on Land-Use Changes, Says Trade Group Chief
Biodiesel Makers Lash Out at E.P.A. Rule
Ethanol producers say new rule unfair
http://thehill.com/business--lobby/ethanol-producers-say-new-rule-unfair-2009-05-05.html
SkunK
PS
Chairman Mao - Seeing as you were dead at the time, I never got the chance to thank you for that "best run of my life" at the roulette table at Macau in '87. Sweet.
SkunK
PS
Chairman Mao - Seeing as you were dead at the time, I never got the chance to thank you for that "best run of my life" at the roulette table at Macau in '87. Sweet.
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