The way the SkunK sees it
It now appears that the non-patented COES crowd is hanging their defense on this rusty nail: They are trying to claim prior art - not of some prior inventor - but of the GreenShift inventors themselves? That's right, even through we see claims that the GreenShift COES patents were obvious, it seems they were only obvious to the GreenShift inventors. Why else would you base your claims of prior art - and therefore your defense against infringement - on the prior art of the GreenShift inventors themselves?
Apparently anything discovered by the inventors up to a year before a provisional patent was applied for, is protected under the provisional patent. Then if a patent is tied to that provisional and that patent is issued, no one can claim the prior art of the inventors within that previous year. It appears the inventors were looking to deploy their 'work in progress' at an Ethanol plant in the fall of 2003. They wrote a letter to Agri-Energy dated 31 July 2003 in which they offered to put in a "test module" "oil recovery system". Cantrell makes a statement and offers evidence that letter was not mailed, but hand delivered by him to Agri-Energy 18 August 2003. That date is important since the provisional patent dates back to 17 Aug 2004. Any disclosure made by him to Agri-Energy would then be under the protection of the provisional - and therefore the subsequent patent. I am NOT a patent lawyer and this is just my attempt to understant all this. If you have an insight, please feel free to leave a comment below.
If the patented process had been offered for sale more than one-year before the non-provisional filing date, the patent could be invalid under the statutory bar section of 35 U.S.C. 102(b) unless the patent is entitled to the filing date of the provisional application. It is explained better here
"A person shall be entitled to a patent unless--
. . . (b) the invention was patented or described in a printed publication in this or a foreign country or in public use or on sale in this country, more than one year prior to the date of the application for patent in the United States, or. . ."
Cantrell Statement and Agri Energy Letter (I got this through a previous filings in the "patent public porthole".)
ICM's Amended Complaint See end of page 5 and page 6.
SkunK
PS. WOW - this thing has more twists and turns - and plots and sub plots - than the Minnesota Viking's Locker room!
ICM's Amended Complaint See end of page 5 and page 6.
SkunK
PS. WOW - this thing has more twists and turns - and plots and sub plots - than the Minnesota Viking's Locker room!
15 comments:
Skunk can you either do another PPS prediction or create one of those poles that do a PPS prediction. It is fun to guess how it is going to turn out. Also, maybe you could do a poll to see what people's opinions are as to when this stock is going to turn around. 0.0002 isn't looking good.
As time goes on, they keep coming up with new arguments, some of which conflict with their own old arguments, which is a sure sign of their guilt.
I agree, ICM continues to change their tune. If the methods were so "obvious to one of ordinary skill in the art", then why did ICM sign a non-disclosure agreement and buy two systems from Greenshift? Surely ICM, the builders of the ethanol industry, would be described as having ordinary skills of the art.
ICM obviously didn't think it was very obvious back then. Greenshift tought them how to do it!!!
Hey Lucy......somebody not telling the truth!
So,will GERS be in harmly trouble? Can we shareholders survive?
UPTICK in the days before the 10-Q comes out .... could be some good news in that 10-Q!
Revenue estimate with all systems at 4%.
Based on current prices of $2.80 a gallon.
COES #1 Utica Energy Oshkosh, WI=$1,120,000 in royaltys every year ($.00056 revenue per share based on 2B shares)
COES #2 Western Energy Shelby/Medina, NY= $1,120,000 in royaltys every year ($.00056 revenue per share based on 2B shares)
COES #3 Central Indiana Ethanol=$1,120,000 in royaltys every year ($.00056 revenue per share based on 2B shares)
COES #4 Global Ethanol Riga MI=$1,120,000 in royaltys every year ($.00056 revenue per share based on 2B shares)
COES #5 Andersons Ethanol Albion MI=$1,120,000 in royaltys every year ($.00056 revenue per share based on 2B shares)
COES #6,#7 Global Ethanol Lakota IA=$2,240,000 in royaltys every year ($.00112 revenue per share based on 2B shares)
COES #8,#9 Marquis Energy=$2,240,000 in royaltys every year ($.00112 revenue per share based on 2B shares)
COES #10 United Ethanol=$1,120,000 in royaltys every year ($.00056 revenue per share based on 2B shares)
COES #11,#12 Obion Tennessee=$2,240,000 in royaltys every year ($.00112 revenue per share based on 2B shares)
COES #13,#14 Bluffton, Indiana=$2,240,000 in royaltys every year ($.00112 revenue per share based on 2B shares)
COES #15,#16 Central City, Nebraska=$2,240,000 in royaltys every year ($.00112 revenue per share based on 2B shares)
COES #17 Ord, Nebraska=$1,120,000 in royaltys every year ($.00056 revenue per share based on 2B shares)
COES #18 Shenandoah, Iowa=$1,120,000 in royaltys every year ($.00056 revenue per share based on 2B shares)
COES #19 Superior, Iowa=$1,120,000 in royaltys every year ($.00056 revenue per share based on 2B shares)
COES #20 Center Ethanol, Indiana=$1,120,000 in royaltys every year ($.00056 revenue per share based on 2B shares)
COES #21 Corn LP, Goldfield, Iowa=$1,120,000 in royaltys every year ($.00056 revenue per share based on 2B shares)
A total of $23,520,000 in royaltys, not including equipment sales and other revenues like zeropoint and misc. fees.
A total of $.01176 in revenue per share, not including equipment sales, etc.
That's 4% with method 1.
We still have method 2, 6.5%.
And method 3 at more than 10%
Many new customers and settlements are on the way!
By the way, it sounds like the Y/A systems have been completed and we'll get our performance bonus of an additional $7,000,000 in debt reduction. That means debt will be reduced by 43% for the year. Greenshift has beat all their stated goals set for 2010, IMO. I'm Looking forward to 2011! Q3 was a transitional quarter for GERS. The debt reduction and hiccup in revenues will be interesting when combined with the equipment sales to United as well as the settlement with Center. I STRONGLY believe Greenshift will report profits in Q4 even though GPRE isn't fully on-line, due to the unexpected strength in the price of corn oil.
Good Luck To All!
!$!$!$!$!$!$!$!$!$
Keep in mind not all those accounts have been live all year. Corn LP won't be separating till Jan. 2011.
Here's a paragraph about how Westfalia is "still developing" corn oil extraction technology in June of 2005. Remember, Greenshift had a working model in 2003 and patented it in 2004.
"Westfalia Separator Inc. is now offering a de-oiling technology for condensed distillers grains. Keith Funsch, market manager for Westfalia, said the company is developing a centrifuge technology that would remove free corn oil from the syrup coming out of the evaporators."
So if Westfalia recently stated that oil extraction was obvious and they've been doing it for decades, why were they still developing it in mid-2005? "developing a centrifuge technology that would remove free corn oil" Westfalia just stated a centrifuge is a centrifuge. "It's a washing machine spin cycle" Why didn't they get a patent for it a long time ago or at least before Greenshift did? I guess it wasn't very obvious.
Here's a statement from ICM about the corn oil extraction systems they bought from Vortex, AKA, Greenshift. ICM installed Greenshift's systems while Westfalia was still "developing" theirs.
"ICM Inc. is installing centrifuge technology provided by Vortex Dehydration Systems LLC in two of ICM's 40-mmgy plants, according to ICM Director of Plant Services Cheri Loest. She said the skid-unit technology intercepts the thin stillage stream before it enters the evaporator and removes corn oil. General Manager Dave Kramer told EPM he intends to implement the Vortex centrifuge in Sterling Ethanol, a 40-mmgy Colorado ethanol plant that recently broke ground."
But wait a minute, I thought ICM developed "Tricanter" technology with Flottweg. Oh that's right, Flottweg's Tricanter patent application was denied because it already belonged to Greenshift. So, if it's unpatentable, then why did they try multiple times to get a patent?
Nice try though guys...
Sounds like to me, if it wasn't obvious to ICM or Westfalia, it wasn't obvious to anybody. Sounds like Westfalia was still developing the methods and ICM bought the machines in order to learn the methods.
They both are trying to claim it's now unpatentable when they tried to patent it themselves.
Great point. my comment is about how they said ....the company is developing a centrifuge technology.... That's key in my mind. not a new type of centrifuge not that it would matter, but a technology that involves a centrifuge. they're talking about the process. but in there defense, they say it was plain as day and they did it since the 1940's or something like that so why the need to develope the technology in '05?
Skunkman, found some news!
"As you may recall from the previous newsletter, United Ethanol is incorporating corn oil extraction, which will provide another stream of income, cut overall energy costs, and improve the flowability of our distiller’s grain. The installation of this component is well underway; pipe is being run, the tank is under construction, and materials are coming in daily. Startup is scheduled for some time in December."
http://www.unitedethanol.com/index.cfm?show=10&mid=18
The tank (pictured above at left) and other components (at
right) are under construction for corn oil extraction at United
Ethanol. Corn oil extraction will provide another stream of
income, cut overall energy costs, and improve the fl owability
of our distiller’s grain.
http://www.unitedethanol.com/images/E0135601/UENovember2010NewsletterforWeb.pdf
Not sure which GPRE plants are coming on-line next but between them, United, and Corn LP, we'll have between 4 and 6 COES coming on-line in December! Merry Christmas to us!
Skunk, correct me if I'm wrong but I think the United deal is set up like the legacy deals, Greenshift owns the equipment and buys the oil indexed to diesel fuel. This doesn't sound like the 20% royalty deal.
"GERS - News) today announced its execution of a license agreement with United Ethanol, LLC (“United Ethanol”) for use of GreenShift’s patented corn oil extraction technologies at United Ethanol’s"
"In addition, GreenShift and United Ethanol entered into a development services agreement pursuant to which GreenShift will provide equipment and services relating to the engineering, construction and ongoing operation of a patented corn oil extraction facility at United Ethanol’s facility."
This is a NO-PROFIT COMPANY
It´s a totally scam.
Hey Lucy.......you forgetting something??
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