2Q is out

The number of outstanding shares of common stock as of August 20, 2009 was 500,000,000.


http://www.sec.gov/Archives/edgar/data/1269127/000126912709000103/gersq209.txt

We currently own four corn oil extraction facilities that are located in Oshkosh, Wisconsin, Medina, New York, Marion, Indiana, and Riga, Michigan. We have also installed one facility in Albion, Michigan under a modified version of our market offering where our client paid to build the extraction facility. We have the long-term right (10 years or more) to buy the oil extracted from the Albion facility but the client retains ownership of the extraction assets and is paid a higher price for the corn oil extracted than we pay to our other clients.These facilities collectively are designed to extract in excess of 7.3 million gallons per year. We are currently focused on securing the capital resources we need to operate our existing facilities and to build new corn oil extraction facilities.
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I think this is telling me that, although GreenShift owns 4 (+1) COES - not all are operating. That would explain the 296,727 gallons of corn oil extracted this quarter? Even 4 COES - each operating @ a rate of "only" a million gallons a year would be producing a "million" gallons a quarter.

I think I also found a significant math error. At the bottom of page 22 the corn oil is reported sold for $4.59 a gallon. The first quarter it was $1.15. I think the $4.59 is about what they got for biodiesel at the height of the oil spike last year?

The new 2Q also shows 449,514 gallons produced in the first six months of '09. That should be the first quarter (3months) and the second quarter (3months) added together. However in the 1Q p 25, they show 461,211 gallons produced in the 1Q alone. I think some numbers got mixed up.

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ITEM 3 DEFAULTS UPON SENIOR SECURITIES
As of June 30, 2009, the Company was in technical default of certain senior secured debt due to YA Global Investments, L.P. ("YAGI"), which default was due to the failure of the CleanBioenergy Partners, LLC financing to close as explained more fully in Note 11 to the Company's Condensed Financial Statements for the quarter ended June 30, 2009. The Company intends to cure this default and restructure its debt due to YAGI during 2009. ************

Other new Quotes in the 2Q that caught my eye:

1. Looks like someone is burning raw corn oil?

"The Company sells its corn oil as a feedstock for biofuel production or for direct use as a biofuel, . ."

2. You cannot say corn oil extraction is not cutting edge:

"More than an estimated 20% of the ethanol industry is using corn oil extraction technology today."

SkunK

GERS 2Q - Monday

The SkunK asked when will we see the GERS 2Q?

I just got an email response from Kevin Kreisler:

"Monday."

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Thats all I know
Good Luck To Investors,
SkunK

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2Q?

The SkunK mentioned a week ago that the company received a five day extension to file the 2Q. That is not out of the ordinary. It would make it due COB on the 19th. However they have still not filed after seven days. This is out of the ordinary. They now appear to be on the delinquent list and on 24th (Monday) will have an "E" at the end of the Symbol. I do not know what is up with the delinquent filing.

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13:14 8/24/2009 GERS GERSE Greenshift Corporation Common Stock Delinquent **

Alphabetical Order:
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=OTCBB&d=08/20/2009

Good Luck to Investors,
SkunK

Red Trail Energy, LLC

The last published (Dec 08) schedule had the Richardton, ND Ethanol plant as the 8th COES. Their recent quarterly shows their continued interest in Corn Oil Extraction, although it is not clear whether they are in pursuit of the "Purchase option" (where they self-finance the Greenshift COES- as did Albiob, MI) - or if they are looking at another service provider.

Capital Expenditures
We do not anticipate any significant capital expenditures during 2009, although we may seek to finance the installation of corn oil extraction equipment at our Plant site if we can structure the project such that it is acceptable to the Bank.

http://www.sec.gov/Archives/edgar/data/1359687/000114420409043381/v157793_10q.htm
4th paragraph, page 27

Good Luck,
SkunK

Minnesota farmers eye bumper crop

SkunK says Huge Corn Crop. Had the Rain. Had the weather. Good for the Ethanol Industry. . .
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A plentiful crop. There's not a grain shortage anywhere in sight — unlike the picture in early 2008, when fears of scarcity sent markets panicking and food prices spiking.

Peter Georgantones, a Minneapolis broker with Investment Trading Services, said his survey of grain farmers has found excellent crops in every direction. Corn yields in Minnesota should hit 167 bushels an acre, the second highest on record. Average U.S. yields could reach 159.5 bushels an acre.

"I've been doing this for 22 years now, and I have never had a year like this one," Georgantones told reporters. "My farmers love to complain about their crops. Nobody's complaining this year."
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Terry Reilly, an analyst with Citigroup Global Markets in Chicago, told Bloomberg News, "With lower corn prices, you could see some of the stalled ethanol plants in the Midwest get turned back on."
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See Entire Article Here:
http://www.twincities.com/ci_13045141?IADID=Search-www.twincities.com-www.twincities.com

SkunK

2Q NT 10-Q

No Surprise Here,
2Q will be out next week. COB 19th Aug

http://www.sec.gov/Archives/edgar/data/1269127/000126912709000086/gers12b25q209.txt


Companies may request a filing extension for their Form 10-Q's and 10-K's by submitting Form 12b-25 via the EDGAR system. By filing this form, a filer may gain up to 5 additional days to file Form 10-Q or 15 days to file Form 10-K. Companies have up to 24 hours after the original filing deadline to file Form 12b-25.
http://www.secfile.net/SEC_calendar.htm
SkunK

Northeast Biofuels Update

As a reminder, NorthEast Biofuels was at one time scheduled to have a jointly owned BioDiesel Plant with GERS on site to process the corn oil from this giant Ethanol Plant converted from an old Miller Brewery. Two COES were still scheduled to be built on site although we have had no specific update on this plant since it was sold to Sunoco, Inc. The plant claimed engineering issues and it could never produce ethanol at a a profitable rate.

The SkunK had given examples of bankrupt, distressed Vera Sun Plants selling for 61 cents for a gallon of production capacity. However this plant was sold for less than 7.5 cents for a gallon of production capacity. Ever try to sell a car that doesn't run? Still, 7.5 cents is quite a deal if they can get 'er running right.

Here is an update from a local paper, apparently the Fulton Mayor got briefed. . .

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. . . Sunoco, Inc. is planning to have full ethanol production underway by April 1. . .

Sunoco purchased the bankrupt Northeast Biofuels ethanol plant in the Town of Volney for $8.5 million in a May auction arranged by U.S. Bankruptcy Court.

Since the summer of 2006, the former Miller Brewing facility had been undergoing conversion into a 114-million-gallon ethanol-production plant. The lack of production has been attributed to design flaws in the conversion of the former brewery into an ethanol-production plant.

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See Full Article here:

http://www.valleynewsonline.com/viewnews.php?newsid=86441&id=1

Good Luck to all Investors,
Keep an eye on Volume,

SkunK

United Ethanol

Ever since last year when the Ethanol/BioDiesel industry got in trouble due to locked in high feedstock prices and the collapse of oil prices, we have not heard much from the individual Ethanol plants. Now that average profitability in the industry has returned, we are starting to hear from some of the Ethanol Plants again. United Ethanol has been one of the exceptions, continuing to provide at least some updates during the recent hard luck spell. August 4th they released a newsletter. Although we see no COES progress reference, the SkunK did not expect to see one since it was announced in the 1Q that construction has been halted awaiting financing.

"As a result of these events, we halted all construction activities . . ." 1Qp24

In this case, no reference to a competitor or a dissolved contract can be taken as "good news" by the optimists among us.

Here is the New Global Ethanol Newsletter:

http://www.unitedethanol.com/images/E0135601/UEAugust2009newsletter.pdf

SkunK

ESYM Closes Deal

http://ecosystem-esym.blogspot.com/

SkunK

LOW July Volume

Total Share GERS Volume 3,373,559 for the month of July 2009. Lowest since it was 2,670,933 in November 2008. The high was 642,366,991 shares in May 2009.

http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&SortBy=volume&Issue=Gers&Month=7-1-2008

Good Luck to Investors,

SkunK

DEF 14C

". . . increase the number of shares of authorized common stock from 500,000,000 shares to 10,000,000,000 shares. We anticipate that this Information Statement will be mailed on August 13, 2009 to shareholders of record. On or after August 13, 2009, the amendment to the Certificate of Incorporation will be filed with the Delaware Secretary of State and become effective."

http://www.sec.gov/Archives/edgar/data/1269127/000126912709000078/gersdef14c8409.txt

ACCEPTANCE-DATETIME 20090804154108
In 19 minutes before the close

SkunK

Smokin'

Some days are just better than others. Still got an hour left to trade, but you also have to savor the moment. lol

SkunK

Visual on CELLULOSIC CORN - MORE

Click on the picture or hit the link below for a copy you can read. This shows the status of the technologies That GERS has made available to ESYM. Tests are ongoing at Riga MI by Global Ethanol.

(This GREEN chart is copyrighted by ESYM - Entire view (but sideways) can be seen at the link below in lower right hand corner.)
http://docs.google.com/fileview?id=0B_ch8gAs4lCcNDRkZjNkOWItYmY1ZC00ZjdhLTk0MDgtNTNjNDg4NGNiMTZk&hl=en

When I asked ESYM investor relations: "What do the three blank circles on the right of the commercialization report represent?" I got a short, cryptic response:

"One of the circles corresponds to COES technology owned by GreenShift."

SO THE MILLION DOLLAR QUESTION IS:

SO WTF DO THE TWO CIRCLES REPRESENT THAT ARE APPROACHING MARKET ENTRY??!!!???

AND

DOES "THAT" HAVE ANYTHING TO DO WITH "THIS" GERS CHART?

SkunK

Ps: if this closes above .005 we got the 50day Moving Average in the rear view mirror!

After Further Review

After looking over Monday's Pre14C again the SkunK noticed an additional 2 sentences not in the previous filing:

"In each case the creditor has the right to convert the principal amount of the debt into GreenShift common stock. In no case does GreenShift have a contractual or other right to redeem the debt with stock or to force the creditor to convert the debt into stock."

The sentences are located just above the Secured Convertible Debenture Table.

WHY?
Why make another filing just to put in that language? Lets see how far my deductions (guesses) take me. First of all it had to be at YAGI's insistence since it only addresses their rights. (Or one of the minor CD holders) It must have been due to a concern YAGI had that Greenshift may redeem the debt with stock or force YAGI to convert the debt into stock. I think I am on solid ground so far. . .

Why would Greenshift potentially consider forcing YAGI into converting the debt into stock? Because Greenshift would rather have more shares outstanding and less debt is a simple answer. AND because that would make the COES backlog easier to finance. . . Now the ice is cracking under my feet. I had better sleep on this. . .

The rest of the changes seem to be administrative in nature: Text file number change, date of document etc.

SkunK

New PRER14C as of 3 Aug 2009

SCHEDULE 14C/A
INFORMATION REQUIRED IN INFORMATION STATEMENT (Amendment No. 2)

http://www.sec.gov/Archives/edgar/data/1269127/000126912709000076/gers14cand28309.txt

I don't know this as fact, but it seems like we are just issuing these pre14cs (this is the third) to keep in compliance with the terms of the YAGI agreement. Notice that GERS has not issued the Actual 14C with the resulting increase in OS. It just continues to reissue the PRE14Cs with amendments. I would have to figure they are doing this with YAGI's permission to await the results of some ongoing negotiations/financing deal. Held by a single horse hair and ready to fall, this Sword of Damocles will hopefully help to get a deal done without actually falling.

Perhaps a deal is associated with the ESYM financing? (ESYM's second goal is to purchase Corn Oil Extraction Units.) Perhaps not. Always the optimist, (optometry pays better) I am hoping a major financing deal can get done and then the canceling of the pre14C would only add to the excitement.

The second (less likely in my mind since YAGI would have no benefit) is they could be just waiting for the ESYM deal to take off and then release the GERS actual 14c along with the increase in OS. They just preferred not to have the distraction during the ongoing ESYM promotion. Again this is less likely in my mind.

In any case, the fact that we are marking time with YAGIs permission seems obvious to me. This means that's something is a foot and the potential for a deal seems like the reasonable assumption. It also seems reasonable that deadlines are in place. YAGI will not delay payment indefinitely. Suspect we will know soon enough.

As always I am just putting my best guess forward,
Good Luck to Investors,
SkunK