Dilution and the OS, SkunK Guesstimate

From 20 May to 20 August we know the OS was steady at 500M. During that time of no dilution the average trading volume was about 6.3M shares a day. That is our non-dilution base.

On Sept 8th the allowable OS was upped from 500M to 10B. From Sept 8th to October 12th the total volume was about 457M and the average volume was 18.27M for those 25 trading days. From October 13th (patent announcement) until the 29th of October, the total volume was 5.173B and the average daily volume was 398M for those 13 trading days.

From prior observations I developed a formula. At times the rate of dilution has a ratio of about 70% of volume (in excess of normal volume). In fact, for those who remember, I was able to predict the day the volume would decrease since the OS reached the original 500M OS.

I have had a self professed "inability" to predict future price. However, my estimates of OS are sometimes scary spot on. Of course past performance does not always predict future performance. (Some of us GERS-a -holics wouldn't still be around if we thought it always did.)

Using these numbers I see a total of 5.63B shares traded over 38 trading days since the OS was raised. Subtracting out the base we get 38x6.3M = 239.4M. 5.63-.2394= 5.39B. 70% of that is 3.773B. Add that to the 500M preexisting shares and we get an approximate SkunK guesstimate of 4.273B shares OS as of cob 29 Oct.

We will get confirmation of the OS - no later than the 3Q on or about the 20th of November. I will try to update my numbers just before the release and then stand by for any verbal beatings due.

I do make math errors, and I do forget stuff. So if I dropped a zero or something drop me a line - my number checking staff consists of a loyal, but old, blind dog. thanks

SkunK

PS: Here is another OS number from a post on the I-Hub:

"Current O/S for GERS: 2,329,823,723" .
Following posts say it came from transfer agent. The post is current, however what is the exact date of that os is not clear. If the number is even a few days old, we could both be right. I hope my numbers are wrong and the huge volume consists of an abnormal amount of churning day trades. However, I will stay with me numbers for now . . . as always you need to decide for yourself.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43070886

Prayer For Relief

So what is GERS asking for in judgement in this civil case pending? The SkunK found this in a document filed yesterday on the 28th. The money looks like it is mostly in "E" below. They are asking for a reasonable royalty, treble damages and costs.

What happens next? I do not know, but I will be here to find out.
************
Case 1:09-cv-07686-LMM Document 16 Filed 10/28/2009 Page 16 of 19
PRAYER FOR RELIEF
WHEREFORE, GreenShift prays for judgment as follows:
A. An Order and Judgment dismissing Westfalia’s and Ace’s First Amended Complaint with prejudice;
B. An Order declaring that each and every claim of the ‘858 patent is valid and enforceable;
C. An Order declaring that Westfalia and Ace have infringed, induced others to infringe, and/or committed acts of contributing to the infringement of the ‘858 patent;
D. Preliminarily and permanently enjoining Westfalia and Ace, their officers, directors, employees, agents, and all persons in active concert with them from infringing, inducing others to infringe, and/or committing acts of contributing to the infringement of the ‘858 patent;
E. Awarding GreenShift an amount that adequately compensates it for the infringement, but in no event less than a reasonable royalty, together with treble damages, court costs, pre-judgment interest, post judgment interest and attorneys’ fees under 35 U.S.C. §§ 284 and 285;
F. An Order declaring that this is an exceptional case under 35 U.S.C. § 285; and
G. For such other and further relief as the Court deems just and proper.
*************
Here is the entire filing:
http://docs.google.com/fileview?id=0B_ch8gAs4lCcMTI3NDlkMjgtYmQzNy00ZmY2LTkzMmQtZGMxNzU4ODA1MzA4&hl=en

************

So What is the 'The Trouble With Tribbles'??? Wrong episode - its treble. The SkunK thinks treble damages are common things to ask for and expect if your patent infringement case is valid.

This from Wikipedia: "The ability to award treble damages is a typical feature in legislation that recognizes the potentially willful nature of the prohibited acts. For example, such damages may be awarded by a court in the United States for willful violation of the antitrust laws, for willful patent infringement, for trademark counterfeiting, and under the RICO statute. The idea behind the creation of such damages, also called exemplary damages, is that they will encourage citizens to sue for violations that are harmful to society in general."

http://en.wikipedia.org/wiki/Treble_damages

SkunK

GERS in BioDiesel Magazine

I think everyone in the industry reads this magazine. It is the Sports Illustrated of its sector (so far no swimsuit edition). I get it electronically and hardcover at my house. When it matters they publish it.

"Corn oil extraction could be the very cement that bridges different sectors of renewable fuels production. For the biodiesel industry, corn oil extracted from ethanol plant stillage is a feedstock largely underutilized and unlike algae, pennycress and other feedstocks being investigated, it’s available now. GreenShift Corp., with offices in New York and Atlanta, recently received a second patent for its corn oil extraction technique, “Method of Freeing the Bound Oil Present in Whole Stillage and Thin Stillage.”"

READ Rest of article Here:

http://www.biodieselmagazine.com/article.jsp?article_id=3825

SkunK

Add POET to your list of Potential Dance Partners . . .

Here is the schedule for the BIOFUELS JOURNAL's 2nd Annual Commercial Ethanol Technology and Research Workshop, Oct. 28-29 (in two days) in Sioux Falls, SD.

Please note it is at POET HQ for the first day. Also note Dave Winsness is a speaker on corn oil extraction the first day. Also note the key speaker is from Poet later that night.
Hmmmm, should we add another potential dance partner to our GERS dance card? Least we're all on the same dance floor. . .

Poet has a "few ethanol plants", in fact about 26 or so . . .
http://www.poetenergy.com/about/plants.asp?ir=1
In fact Poet LLC, is the nation's top ethanol producer.

Potential as a customer or sugar daddy or both? I got no idea - but I can't imagine that sombody won't be giving a power point pitch somewhere. . .

Conference Schedule:
Wednesday Afternoon ... Oct. 28
POET Headquarters - Click for Map
10:00 am - Noon - Registration
Noon - Lunch - Sponsored by Tri-Phase
1:00 - Opening Remarks: Myke Feinman, Publisher of BioFuels Journal
1:05 - State of the Ethanol Industry: Brian Jennings, Executive VP, American Coalition for Ethanol
1:25 - Anaerobic Digestion of Thin Stillage for Biogas: Dr. Patrick Hirl, Stanley Consultants
2:10 - Corn Oil Extraction: David Winsness, GreenShift
2:50 - Networking & Refreshment Break - Sponsored by CBT Wear Parts
Featured Speakers
3:20 - Corn Fractionation Panel: Moderator, John Caupert, NCERCPanelists: • Brian Williams, Buhler • Reg Ankrom, CPT• Neal Jakel, Delta-T• Leon Langhauser, LAI Pro
4:45 - Wrap-up ... Workshop moves to Best Western Ramkota
5:15 - Cocktail Reception & Table Top TradeShow at Best Western Ramkota - Sponsored by Jacobs Corp
6:00 - Dinner - Sponsored by Shuttlewagon
7:30 - Keynote Address: Jeff Broin, POET
8:00 - Dessert Reception in Trade Show Area - Sponsored by Tri-Phase

Rest of Schedule Here:
http://www.biofuelsjournal.com/bfj_conference.html

SkunK

Profit From The Coming Algae Oil Boom

Here is an article you might find interesting:

Potential Algae Penny Plays
Of course, ExxonMobils new partnership does not mean we will be filling our tanks with pond scum biodiesel just yet. Developers will still need to tackle genetic engineering and oil extraction issuesBut ExxonMobils leap into the algae oil market effectively legitimizes the industry. But as you probably have already guessed, the budding algae oil industry offers very few public companies in which you can invest. However, there are a few compelling names youve probably never heard ofHere are three algae penny plays you might want to watch. All of these stocks have a market cap under $2 million, a share price under 10 cents, and can be found on the Pink Sheets and Over-the-Counter Bulletin Board:
GreenShift Corporation (OTC: GERS)
Nanoforce Inc. (PINK: NNFC)
PetroSun Inc. (PINK: PSUD)

Several private startups and partnerships are worth watching, too
Weve mentioned Sapphire Energy before. Its scored more than $100 million in private financing including a chunk from Cascade Investment, a holding company owned by Bill Gates.Then theres Algenol Biofuels. This company has partnered with Dow Chemical on a project that would use algae as a vehicle to harvest CO2 for ethanol.

Rest of Article Here:
http://www.articlesnatch.com/Article/Profit-From-The-Coming-Algae-Oil-Boom/795266

SkunK

The ICM filing

The competition has a view and here it is:

http://docs.google.com/fileview?id=0B_ch8gAs4lCcZjAwNTQ0YTUtYThjNC00ZjAyLTk2YTItNGU0MGMyMDgxNmU0&hl=en

ICM 10-13-09 Filing
SkunK

CEO Web Cast Second week in a Row

Greenshift(OTCBB: GERS), a company that develops and commercializes clean technologies that facilitate the efficient use of natural resources, announced last week that it has been granted U.S. Patent No. 7,608,729, titledMethod of Freeing the Bound Oil Present in Whole Stillage and Thin Stillage.. This latest patent approval builds off of the recently granted patent relating to the company`s core technology that was issued earlier this month, to enhance yield and optimize energy utilization. The issuance of both patents serves to validate the significant resources that the company has invested in the development of its extraction platform which is expected to significantly improve upon the 3.4 million tons of corn oil passed unrecovered through the U.S. ethanol industry during 2008 alone. Shares remained unchanged at less than a penny on the week.

Rest of Article here:

http://stockreads.com/Stock-Newsletter.aspx?id=16558

SkunK

Peak Oil

Oil peaked in the USA many years ago. World production WILL also peak. Or has it already? If it has or will soon - and demand continues to rise - then the price will go through the roof.

Here is a great presentation from a reader

http://www.financialsense.com/fsn/presentations/2009/ASPO.2009.Brown-Net_ExportsV5.pdf

The Second Court Filing

15 October 2009

http://docs.google.com/gview?a=v&pid=gmail&attid=0.1&thid=1247f56753e99ff0&mt=application%2Fpdf&url=http%3A%2F%2Fmail.google.com%2Fmail%2F%3Fui%3D2%26ik%3D90871022f3%26view%3Datt%26th%3D1247f56753e99ff0%26attid%3D0.1%26disp%3Dattd%26zw&sig=AHBy-hZ5TrrrACR2vyE3npEzWNbFYFeErg

This link doesn't work for everyone. If you have trouble try copy/paste the link into the top of your browser. It is in google documents so it may be a google compatibility thing. Let me know if you have a problem or a work around.

Please post just my blog link and anyone can come here to get it. Thanks

SkunK

GreenShift Awarded Second Patent on Corn Oil Extraction

GreenShift Corporation (OTC Bulletin Board: GERS) announced today that the U.S. Patent and Trademark Office issued notice that pending patent number 11/688,435 will be issued as U.S. Patent No. 7,608,729, titled "Method of Freeing the Bound Oil Present in Whole Stillage and Thin Stillage” (the ’729 Patent) on October 27, 2009 to GS CleanTech Corporation, a wholly-owned subsidiary of GreenShift.

Rest of Article Here:

http://www.ct-si.org/news/press/item.html?id=8436#

SkunK

The 13 Oct Court Filings

When you hire a lawyer to write something simple for normal people, (like a full disclosure for a credit card), it gets so complicated you have to hire another lawyer to read it and tell you what it means.

In this filing a lawyer is just trying to communicate to a judge and other lawyers so the words and sentences are simple and direct. This is a pretty interesting filing.

(Please do not post this link all over or I'll change it. Please post my blog link and anyone can come here to get it. Thanks.)

Here are the 13 Oct filings. . .

http://docs.google.com/fileview?id=0B_ch8gAs4lCcMjAzYzBkODctYTI2OC00NzcyLWIyZWMtYjhlMzFlZWNmNjcw&hl=en

More later,

SkunK

Westfalia President Michael Vick declined to comment

Here is another example of the great job Todd Neeley does over at DTN
*************
Suit Filed Over Corn-Oil Process 10/19/09 5:37:06 PM

In its complaint, Greenshift stated that Westfalia admitted in a separate lawsuit that the company had infringed on a Greenshift patent for the technology. Greenshift was awarded a patent just last week, according to a news release from the company.

"In fact, Westfalia seems to boast about this infringement by admitting that, as of the date it filed its complaint, it 'sold 29 centrifuges designed for corn oil recovery to 20 different ethanol plants across the country,'" the lawsuit states.

Greenshift has asked the court for a jury trial, to be paid damages by Westfalia and to prevent additional infringements on Greenshift's patent by Westfalia and the yet-to-be-identified ethanol companies that use the technology.

Rest of Article Here:
http://www.dtnethanolcenter.com/index.cfm?show=10&mid=82&pid=44
*********
Thanks to Hapitomcat for the tip on this article!

SkunK

AgMRC: biodiesel profitability turns corner

We watched as the Ethanol Industry slowly made it back to profitability. Now signs that the biodiesel industry may be getting back on its feet!

The Article below
"give(s) an indication that the pressure on the biodiesel industry may be letting up, particularly for those plants that have successfully transitioned to multi-feedstock capability. . ."

Rest of Article Here:

http://www.biodieselmagazine.com/article.jsp?article_id=3779

SkunK

NEW Dave Winsness PODCAST!

Dave Winsness is one of the "inventors" of Corn oil Extraction and is a GERS Director and Chief Technology Officer. About 41 Years old

***********
Additional information regarding GreenShift’s extraction technologies is available online in a recent podcast interview with David Winsness at the link below: http://www.biofuelsjournal.com/articles/BFJ_Ethanol_Workshop_Speaker_Series_Podcast__13__David_Winsness__Engineer_at_GreenShift__New_York__NY-79420.html
****************

Here is a portion of the Article with the podcast:
On Friday, Oct. 16, 2009, BioFuels Journal spoke with David Winsness, engineer at GreenShift, New York, NY as the 13th of 15 podcasts in the 2009 BioFuels Journal Ethanol Workshop Podcast Speaker Series which will preview the upcoming Oct. 28-29 workshop in Sioux Falls, SD. Click here to register.

Highlights of the Podcast
• Winsness spoke about the economic advantages of adding corn oil extraction equipment at an ethanol plant.
• Winsness spoke about GreenShift's business model.
• Winsness spoke about how corn oil extraction technology works.
David Winsness' Biography
David Winsness – GreenShift Corporation, Chief Technology Officer
Mr. Winsness leads the Company’s technology conceptualization, prototyping and piloting activities.
Mr. Winsness is the co-inventor of the Company’s corn oil extraction technologies.
Mr. Winsness has either personally authored or directed the acquisition of many patented and patent-pending technologies, all of which are now part of GreenShift’s technology portfolio.

Mr. Winsness also directs GreenShift’s extraction sales and marketing activities.
Mr. Winsness is a graduate of Clemson University (B.S., Mechanical Engineering 1991) and has spent his professional career as a process engineer in the chemical, food, pharmaceutical and power generation markets.

Prior to joining GreenShift, Mr. Winsness served as chief technology officer and eventually chief executive officer of Vortex Dehydration Technology where he directed the research, development and commercialization of a technology that is now GreenShift’s Tornado Generator™.
*****************
The "Inventors" of Corn Oil Extraction.

Picture Left to Right: Greg Barlage, David Cantrell, Whit Davis, David Winsness.

SkunK

GreenShift Awarded Second Patent on Corn Oil Extraction

NEW YORK - (Business Wire) GreenShift Corporation (OTC Bulletin Board: GERS) announced today that the U.S. Patent and Trademark Office issued notice that pending patent number 11/688,435 will be issued as U.S. Patent No. 7,608,729, titled "Method of Freeing the Bound Oil Present in Whole Stillage and Thin Stillage” (the ’729 Patent) on October 27, 2009 to GS CleanTech Corporation, a wholly-owned subsidiary of GreenShift.

GreenShift previously announced the October 13, 2009 award by the U.S. Patent and Trademark Office to GS CleanTech of U.S. Patent No. 7,601,858, titled "Method of Processing Ethanol Byproducts and Related Subsystems” (the ’858 Patent).

“The ‘858 Patent covers the core of our extraction platform,” said David Winsness, GreenShift’s chief technology officer and co-inventor of GreenShift’s extraction technologies. “The ‘729 Patent builds off of the ‘858 Patent to enhance yield and optimize energy utilization. The issuance of both patents further validate the significant resources and years of hard work that we have invested in the development of our extraction platform. We are energized by these events and we look forward to using our technological capabilities to address the environmental and financial needs of our clients.”

MORE HERE:

http://www.earthtimes.org/articles/show/greenshift-awarded-second-patent-on-corn-oil-extraction,1006792.shtml

SkunK

Hot Stock Alerts

Check out the 10th stock on this dudes list of 20 hot stocks. He says:

"This list is my favorite way to track potential breakout OTC stocks and is not produced anywhere else! It takes into account percentage gainers or losers, volume, and how active the stock has been lately. The higher the rank, the closer I am watching."

http://daytradingstockblog.blogspot.com/2009/10/hot-otc-pink-sheets-stocks-october-19.html

SkunK

The Magazine of Record for the Ethanol Industry

GreenShift awarded patent, files lawsuit

It is GreenShift's opinion, as outlined in the pleadings, that Westfalia, seven years after it started offering equipment to the ethanol industry, and well after we introduced the market to the benefits of corn oil extraction, took to trivializing our innovations as they solicited and induced many in the ethanol industry into using our now patented technology well after our patent applications were published. GreenShift will protect its investment in its intellectual properties.

Rest of Article Here:

http://www.ethanolproducer.com/article.jsp?article_id=6072

SkunK

Bioethanol production process may be improved by new technologies

GreenShift Corporation has developed new techniques for enhancing biofuel yield and increasing producers revenue. Bioethanol fuel is usually obtained by fermenting sugar from different feedstock - corn, potato, molasses and other biomass. Crude alcohol is then distilled and dehydrated to yield ethanol fuel E100 which can be mixed within gasoline in any blend (E10, E20, E30, E85..). Obviously, fermentation process is quite simple. Under anaerobic conditions, enzymes in yeast convert glucose and sucrose to ethanol. The bigger challenge for scientists is pre-fermentation conversion of the crude corn oil to simple sugar.

Rest of Article Here:
http://www.energytype.com/2009/10/bioethanol-production-may-be-improved.html

SkunK

October 19th CEOcast Weekly Newsletter

Greenshift(OTCBB: GERS), a company that develops and commercializes clean technologies that facilitate the efficient use of natural resources, announced last week that it has been granted U.S. Patent No. 7,601,858, titled “Method of Processing Ethanol Byproducts and Related Subsystems” for the extraction of corn oil. The patent covers processes for recovering corn oil by evaporating, concentrating and mechanically processing thin stillage, a precursor to the distillers grain co-product of corn ethanol production. The patent allows the company to tap into a new reserve of inedible crude corn oil, with an estimated industry-wide output of about 20 million barrels per year. The corn oil is a valuable second generation feedstock for use in the production of biodiesel and renewable diesel, thereby enhancing total fuel production from corn and increasing ethanol plant profits. In related news last week, the company has filed legal action in the United States District Court against GEA Westfalia Separator, Inc. and others in the industry for infringing on GreenShift’s recently awarded patent covering corn oil extraction technology. The suit alleges that Westfalia and others in the industry infringed on the aforementioned patent and that Westfalia solicited several industry members into using the company’s now patented technology well after the patent applications were published. Shares remained unchanged at under a penny on the week.

Rest of Article Here:
http://www.google.com/url?sa=X&q=http://www.stock-profiles.com/newsletters/october-19th-ceocast-weekly-newsletter/&ct=ga&cd=rbunsqSL-lc&usg=AFQjCNH6w_wwR9ea6XBJAzdm7bpCyFOUEg

This CEOcast Weekly newsletter is one among many that is paid by the companies involved to communicate their news to investors. For the uninitiated that is called "advertising". You can always glance at the disclaimers to see what the rates are. The "news" is what we saw last week. The significance I give it is it may signal a start of a company outreach program which may have an effect on pps. . . . Or it may be used to support the price as we move quickly towards the 10B OS. Huge volume in the last couple days. What I am saying is, the first one in a while means something. You'll have to decide what.

Good Luck,
SkunK

Patent 7,601,858

Those who believe without seeing . . . its said they are truely blessed.

For some of us lesser men it helps to see. . .

Here is that approved "858" Patent on the US Patent and Trademark Office web site:
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=1&f=G&l=50&d=PTXT&S1=7,601,858&OS=7,601,858&RS=7,601,858#top

Those who still do not believe . . . I can't fix that.

lol
SkunK

USDA Official Will Tour Iowa (Corn Oil Extraction) Biofuels Industry

October 16th, 2009

USDA Deputy Secretary Dr. Kathleen Merrigan will get some first hand knowledge of Iowa’s ethanol industry during a tour scheduled for October 20. During her visit, Dr. Merrigan will learn about ethanol production, utilization of co-products and biodiesel research.

Merrigan will first visit Lincolnway Energy, a 50-million gallon per year ethanol plant with a corn oil extraction process.

Rest of Article here:
http://domesticfuel.com/2009/10/16/usda-official-will-tour-iowa-biofuels-industry/
***************
This from Lincolnway Energy's last 10K:

"Lincolnway Energy began extracting corn oil from the syrup which is generated in the production of ethanol in April, 2009. Lincolnway Energy estimates that it will produce approximately 3,000 tons of corn oil per year. "

If we do a little SkunK math we times these 3,000 tons by 2000 and divide by 7.3? to get the approximate production rate of about .82Million gallons per year from their 50mmgy ethanol plant.

The USDA Deputy Secretary will be visiting a corn oil extraction facility operating just over half the claimed rate of the GERS method I. (1.5mmgy) (If then combined with Method II rates we get about a 3.25mmgy rate. As you can see in the blog below GERS claims a proven rate 4 times that of its competitors. It seems we are working with the right numbers since .82 divided by 3.25 is about 25%).

SkunK

So what does this patent mean?

From previous Greenshift filings we have this:

"While each of the competing extraction providers has copied our patent-pending extraction technologies, they have done it poorly; their average yield is about 25% of our proven yield. The competing installations that we have seen also increase the host ethanol facility's use of fossil fuel, thereby reducing the net value of the oil that they are able to extract. Conversely, we reduce the utility costs of our ethanol clients by about 10%."

"Issued patents can be expected to have significant negative consequences for unauthorized use of our technologies by third parties."

annual p.11
http://www.greenshift.com/pdf/GERS_10K_2008_4_15_09.pdf

SkunK

8-K

PATENT AWARD
On October 13, 2009, the U.S. Patent and Trademark Office issued U.S. Patent No. 7,601,858, titled "Method of Processing Ethanol Byproducts and Related Subsystems" (the '858 Patent") for the extraction of corn oil to GS CleanTech Corporation, a wholly-owned subsidiary of GreenShift Corporation.

INFRINGEMENT ACTION
On October 13, 2009, GS CleanTech Corporation filed a legal action on October 13, 2009 in the United States District Court (Southern District of New York) captioned GS CleanTech Corporation v. GEA Westfalia Separator, Inc.; and DOES 1-20, alleging infringement of the `858 Patent.

On October 13, 2009, GreenShift filed a Motion to Dismiss with the same court relative to a separate complaint filed previously by Westfalia alleging (1) false advertising in violation of the Lanham Act ss. 43(a); (2) deceptive trade practices and false advertising in violation of New York General Business Law ss.ss. 349, 350 and 350-a; and (3) common law unfair competition.
Westfalia site: http://www.wsus.com/

On October 13, 2009, Westfalia filed its First Amended Complaint in the matter captioned GEA Westfalia Separator, Inc. and Ace Ethanol, LLC v. GreenShift Corporation, which compliant included Ace Ethanol, an ethanol production company, and added claims seeking a declaratory judgment of invalidity and/or non-infringement.
ACE Ethanol, LLC site: http://www.aceethanol.com/index.cfm

On October 13, 2009, ICM, Inc. filed a complaint in the United States District Court (Kansas District) in the matter captioned ICM, Inc. v. GS CleanTech Corporation and GreenShift Corporation, alleging unfair competition, interference with existing and prospective business and contractual relationships, and deceptive trade practices. ICM is also seeking declaratory judgment of invalidity and non-infringement of the `858 patent.
ICM site: http://www.icminc.com/

http://biz.yahoo.com/e/091014/gers.ob8-k.html

SkunK

Infringement Lawsuit against GEA Westfalia

GreenShift Corporation (OTC Bulletin Board: GERS) announced today that its wholly-owned subsidiary, GS CleanTech Corporation, has filed a legal action in the United States District Court (Southern District of New York) against GEA Westfalia Separator, Inc. and others in the industry for infringing on GreenShift?s U.S. patent covering corn oil extraction technology.
The complaint alleges that GEA Westfalia Separator, Inc. and others in the industry infringed U.S. Patent No. 7,601,858, titled "Method of Processing Ethanol Byproducts and Related Subsystems

The '858 Patent covers processes for recovering corn oil by evaporating, concentrating and mechanically processing thin stillage, a precursor to the distillers grain co-product of corn ethanol production (?DDGS?).

These benefits laid dormant for the 24 years that preceded GreenShifts invention of extraction technology. It is GreenShift's opinion, as outlined in the pleadings, that Westfalia, seven years after it started offering equipment to the ethanol industry, and well after we introduced the market to the benefits of corn oil extraction, took to trivializing our innovations as they solicited and induced many in the ethanol industry into using our now patented technology well after our patent applications were published. GreenShift will protect its investment in its intellectual properties.

See Rest of Article Here:
http://www.direktbroker.de/news-kurse/details/International-News/Corporation++-+GreenShift+File/20605066

and here:
http://www.ad-hoc-news.de/corporation-greenshift-files-infringement-lawsuit-against--/de/Unternehmensnachrichten/20605066

Looking for a positive view on GERS?- look at this!

http://www.hotstocked.com/article/1693/greenshift-corporation-otcbb-gers-will-go-up.html

SkunK

GreenShift Awarded Patent for Corn Oil Extraction

NEW YORK - (Business Wire) GreenShift Corporation (OTC Bulletin Board: GERS) announced today that the U.S. Patent and Trademark Office has issued U.S. Patent No. 7,601,858, titled "Method of Processing Ethanol Byproducts and Related Subsystems” (the ’858 Patent) for the extraction of corn oil to GS CleanTech Corporation, a wholly-owned subsidiary of GreenShift.

“The issuance of the ‘858 Patent is a significant milestone for GreenShift and its stakeholders,” said Kevin Kreisler, GreenShift’s chairman and chief executive officer. “GreenShift has a substantial investment in the development of these important and timely new technologies. We look forward with great anticipation to working with the ethanol industry to press the evolution of corn ethanol forward into enhanced sustainability.”

The ‘858 Patent covers processes for recovering corn oil by evaporating, concentrating and mechanically processing thin stillage, a precursor to the distillers grain co-product of corn ethanol production (“DDGS”). Historically, ethanol production facilities have sold DDGS for animal feed, with all of the oil trapped inside. An estimated 3.4 million tons of corn oil passed unrecovered through the U.S. ethanol industry during 2008 alone.

GreenShift’s portfolio of patented and patent-pending extraction technologies can cost-effectively extract most of this corn oil, thereby increasing biofuel yields per bushel of corn by 7% while reducing the energy consumption and greenhouse gas (“GHG”) intensity of corn ethanol production by an estimated 21% and 29%, respectively.

Entire Article Here:
http://www.earthtimes.org/articles/show/greenshift-awarded-patent-for-corn-oil-extraction,998896.shtml
And here:
http://www.greenshift.com/news.php?id=248

Here is a related article from May with the initial Patents allowed:
http://www.greenshift.com/news.php?id=245

Also note the Greenshift web site has been updated.
http://www.greenshift.com/

SkunK