United WI Grain Producers requests a one month extension; GreenShift concurs (and also signs the request); extension granted.
SEE IT HERE
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05/25/2010 11 ** TEXT ONLY ORDER **
ORDER granting 10 Stipulation for Extension of Time to File Answer. Answer due 6/28/10. Signed by Magistrate Judge Stephen L. Crocker on 5/24/10. (krj) (Entered: 05/25/2010)
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The brief states: "There is good cause to grant the requested extension of time." Hopefully this "good cause" is movement towards a negotiated win/win outcome.
SkunK
Here is GreenShifts original complaint against WI Grain Producers filed 3 May 2010.
Thursday, May 27, 2010
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4 comments:
Very interesting. Most certainly means an agreement is in the works!
If this is true how big an impact will this have on the stock in the short term
What's it gonna take to get to .01 at least for the stock
14B x .01 = 140M market cap. With a market cap 10 times earnings we would need to earn $14million/year.
We own four coes with potential of 5.8mmgy. At 50% that is potential revenues of over 5M.
At 20% $1.75/gallon 0r .35 cents we need to produce 26M gallons of corn oil at 20% royalty to get $9M more. We are producing potential of about 6M now. So we would need roughly 20M gallons more of corn oil to get to your 1 penny.
That is about 9 more 100mgy Ethanol plants. All JMHO!
Remember 1 cent is 50 TIMES todays close of .0002.
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