OAKHURST, N.J. (DTN) -- The Environmental Protection Agency in a news release Monday finalized 2011 percentage standards for the four fuels categories under the agency's Renewable Fuel Standard program, known as RFS2.
The Energy Independence and Security Act of 2007, or EISA, amended the Clean Air Act to greatly increase the total required volume of renewable fuels each year, reaching a level of 36 billion gallons in 2020. To achieve these volumes, EPA calculates a percentage-based standard for the following year.
Full Article Here
GreenShift RFS2 Position HERE and HERE
SkunK
Wednesday, December 1, 2010
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6 comments:
I called Ameritrade. He said that Greenshift is the one that's not allowing electronic trades of it's stock, "only solid stock certificates can be traded at this time." The trades won't go through, since Ameritrade operates on an electronic platform.
Somethings up, IMO.
Slashnuts, Something's up, ya' think??? We get diluted 7 to 1 by "insiders", still losing $8million a year on double the sales, now like $70 million in debt, and the costs to compensate "executives" eating up any profits we could be making and you wonder what is up??
You'll call me one of the naysayers but come on - where is there any good news in all this?
Slashnuts, what do you think is up? Have you seen this happen before? I have never experienced this before. If I had to guess, I would say the company is going out of business and that this ride's about over. Slashnuts or Skunk, any thoughts?
Ameritrade said that a pending merger could be the reason for the inability to buy stock in GERS right now. They said Greenshift is the reason for the restriction.
Here's the $86.4 million GPRE just raised that could be used for the merger/buyout.
http://investor.gpreinc.com/releasedetail.cfm?ReleaseID=526736
GPRE said the it's for..."the net proceeds to acquire or invest in additional facilities, assets or technologies consistent with its growth strategy."
One of the only conditions under which Greenshift would be required to redeem it's convertible preferred stock would be in the event of a cash-out merger of the Company.
"Prefered stockholders may convert to common shares in connection with a merger."
I found this interesting. It's an E-mail from Global Ethanol. I guess they were close to a merger with Greenshift. Now that GPRE has purchased Global and they just raised $90 million, I can't help but wonder if they'll merge or buy GERS out.
It would make a nice fit and save them money in the long run.
"I have my answer from Global Ethanol Services about why Global thinks Greenshift is crucial to their mission:
From: Shannon Kujawa
To: xxxxxxxxxxxxxxxxxxx
Sent: Wed, 28 May 2008 12:49 pm
Subject: RE: Greenshift corporation
The CEO has stated that it is crucial because we are POSSIBLY on the verge of merging with them at this time. They are still in discussion at this point. We do not have anymore public information
then that."
Green Plains is already GERS #1 customer. With technologies like feedstock conditioning, corn oil extraction, CO2 eating algae, cellulosic oil, syngas gasification(synthetic diesel, ethanol, electricity)
..why wouldn't they buy them out?
All of Greenshifts licensed customers will generate $480M at current prices, 4%, 18 years.
Method 2 is 6.5%, $785M
Method 3 is $1.2B over the next 18 years.
" We are also currently evaluating opportunities for additional debt reduction."
"In addition, we are currently in discussions with a number of producers with respect to new settlement and license agreements"
If you're trading this stock, I would think twice about selling because I don't think you'll be able to buy back in.
Greenshift was real quite about the GPRE deal. They didn't even issue a press release other than what GPRE released. This hush-hush behavior is another indication that there's a big deal going on behind closed doors.
Good Luck To All!
Slashnuts....I tried via Scottrade and they basically said the same that it could be a possible buyyout or merger.
Buyout,Merger or BANKRUPTCY!!!
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