XODG shoots skyward, GERS deals, REMC falls
Posted on Monday, December 13th, 2010
Email Share Digg! Del.icio.us Xodtec Led Inc. (OTCBB: XODG) doubled in price early Monday afternoon to 30 cents. Volume in XODG was 209,480 shares, outdistancing its full-day average of 129,201 shares. XODG is a Taiwan-based LED lighting solutions and products provider.
Greenshift Corp. (OTCBB: GERS) saw its volume quadruple its usual daily average, trading in 185.25 million shares. The price was flat, however, at two-100ths of a cent. GERS develops and commercializes clean technologies designed to address the financial and environmental needs of its clients by decreasing raw material needs, facilitating co-product reuse, and reducing the generation of wastes and emissions.
REMEC Inc. (OTCBB: REMC) took a price spill of 89.28 percent to 10.4 cents soon after noon ET Monday. Volume was 57,750 shares was just a shade below its daily average of 65,484.
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3:14-4:50 GERS COES
CliK PiK (Long Range Adv Tech)
GERS Patented Tech-MSNBC
Feedstock Conditioning!
Chairman, President & Chief Executive Officer, 37
So who will benefit from this relationship? Stay tuned to find out!
Project Manager, 2006-08 Greenshift Ethanol Conf Attendee, Alparetta, GA - About 28 years old
Rachael is a 1994 Graduate of Lakeside, a private Prep school in Seattle, WA. Rachael is a graduate of The University of the South, with a cum laude bachelor's degree in biological psychology and minors in fine arts and philosophy. One time IBM site designer, worked on Macy's e-commerce site and the redesign of the NYSE site. Founder of Kissykat and Candent Corp. As of March 31, 2008, the Company (GERS) owed Candent Corporation $757,853 (the "Candent Note"). The former president of Candent is the wife of the Company's chairman. All of the issued and outstanding capital stock held by Candent is in trust for the benefit of its former president. The note payable to Candent shall bear interest at a rate of 10% per year and matures November 8, 2010. (P. 21 1st Quarter)
I am the SkunKhunter. I hunt down SkunK stocks. Those are stocks that have been beat down past any reasonable justification. I try to ride the stock up as market forces eventually right the ship of PPS. A SkunK is not a herd animal. He is a scavenger who knows that arriving before the herd means big profits and clean shoes. This is the journey of the GreenShift Corporation. Updated weekly between COB Friday and Sunday evening. (Disclaimers on Bottom of Site)
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co2 Bioreactor
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Tornado Generator
Feedstock Conditioning!
Kevin Kreisler
Chairman, President & Chief Executive Officer, 37
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Time Line for Patents
- 17 Aug 2004 Clean Tech filed first COES Provisional Patent Application “050”
- 2004 Inventors Disclosed Technology to ICM. ICM executed Confidentiality Agreement. ICM purchases two authorized COES.p3
- June 2005: Westfalia is still "developing" COES technology while ICM is finally installing the two COES bought from the Inventors the year before
- 2005 The Inventors invited Ethanol manufacturers to symposium to hear about COES – 30% attended.(SkunK's idea on which one)
- 5 May 2005 Clean Tech filed first COES Non-Provisional Patent Application “859”
- 23 Feb 2006 '858 patent publication date.
- 23 Feb 2006 '729 publication date
- 6 May 2009 GERS receives Notice of Allowance for first Patents
- U.S. Patent 7,601,858 issued 13 Oct 2009
- U.S. Patent 7,608,729 issued 27 Oct 2009
- 16 Feb 2010 Notice Of Allowance Issued For Third GreenShift Corn Oil Extraction Patent
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So who will benefit from this relationship? Stay tuned to find out!
CHAIRMAN of the GERS BOARD
Mr Kevin Kreisler maintains his GERS stock through his holding company: Viridis Capital, LLC. Mr. Kreisler is a graduate of Rutgers University College of Engineering (B.S., Civil and Environmental Engineering, 1994), Rutgers University Graduate School of Management (M.B.A., 1995), and Rutgers University School of Law (J.D., 1997). Served as the Company’s vice president from 1998 to 2000, president from 2000 to 2002, chief executive officer from 2002 to 2005 and has served as the Company’s chairman from 2005 to the present. Admitted to practice law in New Jersey and the United States District Court for the District of New Jersey. Kevin Kreisler is the sole owner of Viridis Capital LLC; GreenSpace Capital, LLC; Incandent Capital, L.L.C. Mr. Kevin Kreisler is about 37 years old.
"Roots" of Greenshift
- Greenshift Corp - until present
- GS Clean Tech Corp - until 2-2008 - 1-50 Reverse Split 12Dec2007
- VERIDIUM CORP until 7-2006
- KBF Pollution Management Inc from 3-1996 until 10-2003 - 1-20 Reverse Split 21Oct03
- KBF Pollution Control Inc 1984-1996
- Kreisler Bags - then - Kreisler Bags and Filtration 1979-1984 (hence "KBF" above)
Technicians and Magicians Behind the Curtain
David Fred Cantrell - Graduate of the University of Georgia where he received a Masters Degree in Poultry Science and Statistics. Co-inventor of COE technology with Dave Winsness. Started: Cantrell Winsness Technologies LLC. Next: CEO of Mean Green Biodiesel. Works out of One Penn Plaza, NY?
Dan Lester - Project Manager, GS CleanTech. Past: Warnecke Design Engineer 2004-2007; Imagetech Inc. Engineer 2001-2004. Education: Devry University EET, Electronics Engineering, 1998 — 2001
Patrick Bush - GreenShift’s Vice President of Biodiesel Technology
Dan Page - Attended 2008 Ethanol Conference for Greenshift Corp from Alpharetta, GA.
Dan Saltzman - Controller Greenshift Corporation
Past: 2001 — 2004 Assistant Controller, New York Mortgage;
1989 — 2000 Assistant Vice President Financial Reporting, Scudder; 1984 — 1997 Bucknell University
Jacqueline Flynn - Controller of GreenShift Corporation since 2006. She is the Chief Financial Officer (CFO) and Chief Accounting Officer for ESYM/ADRN. She is also the CFO for CICS. She has twenty years experience in financial accounting for both public and private companies.
Mary J. Carroll - Worked in GreenShift Administration since at least December of 2003. Presently GreenShift Vice President of Administration.
John W. Davis - John "Whit" Davis, has a B.S. in Civil Engineering from the U.S. Coast Guard Academy and an M.B.A from Boston University. GS CleanTech's new Vice President of Operations (as of PR 22 Jan '07), has a broad base of diversified management, engineering, operational and business development experience. Mr. Davis led the deployment of GS CleanTech's existing Corn Oil Extraction System installations at Little Sioux Corn Processors and Glacial Lakes Energy. Most recently in his career, Mr. Davis was the technical director for special projects at Vortex Dehydration Technology, where he led product design, development and implementation for many applications of the technologies underlying GS CleanTech's Tornado Generator[TM]. Mr. Davis holds the rank of Lt. Commander as a reservist with the U.S. Coast Guard. (One of four original COES Inventors.)
Dan Lester - Project Manager, GS CleanTech. Past: Warnecke Design Engineer 2004-2007; Imagetech Inc. Engineer 2001-2004. Education: Devry University EET, Electronics Engineering, 1998 — 2001
Patrick Bush - GreenShift’s Vice President of Biodiesel Technology
Dan Page - Attended 2008 Ethanol Conference for Greenshift Corp from Alpharetta, GA.
Dan Saltzman - Controller Greenshift Corporation
Past: 2001 — 2004 Assistant Controller, New York Mortgage;
1989 — 2000 Assistant Vice President Financial Reporting, Scudder; 1984 — 1997 Bucknell University
Jacqueline Flynn - Controller of GreenShift Corporation since 2006. She is the Chief Financial Officer (CFO) and Chief Accounting Officer for ESYM/ADRN. She is also the CFO for CICS. She has twenty years experience in financial accounting for both public and private companies.
Mary J. Carroll - Worked in GreenShift Administration since at least December of 2003. Presently GreenShift Vice President of Administration.
John W. Davis - John "Whit" Davis, has a B.S. in Civil Engineering from the U.S. Coast Guard Academy and an M.B.A from Boston University. GS CleanTech's new Vice President of Operations (as of PR 22 Jan '07), has a broad base of diversified management, engineering, operational and business development experience. Mr. Davis led the deployment of GS CleanTech's existing Corn Oil Extraction System installations at Little Sioux Corn Processors and Glacial Lakes Energy. Most recently in his career, Mr. Davis was the technical director for special projects at Vortex Dehydration Technology, where he led product design, development and implementation for many applications of the technologies underlying GS CleanTech's Tornado Generator[TM]. Mr. Davis holds the rank of Lt. Commander as a reservist with the U.S. Coast Guard. (One of four original COES Inventors.)
Christopher Kennedy
Project Manager, 2006-08 Greenshift Ethanol Conf Attendee, Alparetta, GA - About 28 years old
Public History of the Keisler Family
The lovely Mrs. Rachael Kreisler
Rachael is a 1994 Graduate of Lakeside, a private Prep school in Seattle, WA. Rachael is a graduate of The University of the South, with a cum laude bachelor's degree in biological psychology and minors in fine arts and philosophy. One time IBM site designer, worked on Macy's e-commerce site and the redesign of the NYSE site. Founder of Kissykat and Candent Corp. As of March 31, 2008, the Company (GERS) owed Candent Corporation $757,853 (the "Candent Note"). The former president of Candent is the wife of the Company's chairman. All of the issued and outstanding capital stock held by Candent is in trust for the benefit of its former president. The note payable to Candent shall bear interest at a rate of 10% per year and matures November 8, 2010. (P. 21 1st Quarter)
Kreisler Family Involved in GERS
Lawrence M. Kreisler - Lawrence is the sole owner of Serenity Capital, LLC. Built Kreisler Bags, then Kreisler Bags and Filters, then KBF Pollution Control Inc., then KBF Pollution Management Inc. After 1-20 R/S Sept2003 company was taken over by Veridium Corp in Oct2003, controlled by son Kevin. Resigned, effective December 31, 2003, as an officer and director of Veridium Corporation. Continued to work at Veridium's Paterson, New Jersey based recycling facility, that was designed on recycling technologies he invented. His employment was terminated in July 2004 due to irreconcilable philosophical differences in how to best operate and grow that facility. Bronze Parachute included: 100 percent of his salary of $150,000 through December 31, 2004 and 50 percent of his salary through December 31, 2006. Medical benefits until the age of 65. Lawrence is about 61 years old.
Scott Kreisler - Scott is the sole owner of Cyrus Capital, LLC. Brother of Kevin Kreisler, listed as a Beneficial Owner of Veridium Corporation on 4/2/2002 SEC filings. The 2005 annual report also says: "During 2005, Scott Kreisler, brother of Kevin Kreisler, received salaries of $72,700. Scott Kreisler no longer works for the Company." In February 2006, Cyrus Capital, LLC, purchased from GCS Investments $500,000 in convertible debt issuedby GS Clean Tech. During the period ended March 31, 2006, Cyrus effected conversions totaling $280,000, corresponding to 14,000,000 shares of the Company's common stock. During the second quarter 2006 Cyrus effected additional conversions totaling $120,000 into a total of 6,000,000 shares of the Company's common stock.
Kathi A. Kreisler From a 3/30/2001 filing: Kathi Kreisler is a Co-founder of VERIDIUM CORPORATION and served as its President from 1984 through December 1994. She has been a director since March 1984. In January 1995, Ms. Kreisler became vice president, secretary and treasurer of Veridium Corporation. From 1979 to 1984, Ms. Kreisler was a principal in Kreisler Bags and Filtration, Inc., which name was subsequently changed to KBF Pollution Management, Inc. Ms. Kreisler is the wife of Lawrence Kreisler and is the mother of Kevin and Scott Kreisler. During 2005, Kathi Kreisler received salaries of $33,750. During December of 2005, Kathi Kreisler received 3,806,811 shares of the Company's common stock as a settlement of all severance liabilities.
MIF During the first quarter 2008, Minority Interest Fund (II), LLC ("MIF") acquired the Kerns $1,000,000 Debenture. In February 2008, MIF subsequently fully converted this debenture at the rate of $0.16 per share into 6,875,000 shares of Company common stock. The managing member of MIF is a relative of Kevin Kreisler. (p. 23 1st Qtr Rpt)
Scott Kreisler - Scott is the sole owner of Cyrus Capital, LLC. Brother of Kevin Kreisler, listed as a Beneficial Owner of Veridium Corporation on 4/2/2002 SEC filings. The 2005 annual report also says: "During 2005, Scott Kreisler, brother of Kevin Kreisler, received salaries of $72,700. Scott Kreisler no longer works for the Company." In February 2006, Cyrus Capital, LLC, purchased from GCS Investments $500,000 in convertible debt issuedby GS Clean Tech. During the period ended March 31, 2006, Cyrus effected conversions totaling $280,000, corresponding to 14,000,000 shares of the Company's common stock. During the second quarter 2006 Cyrus effected additional conversions totaling $120,000 into a total of 6,000,000 shares of the Company's common stock.
Kathi A. Kreisler From a 3/30/2001 filing: Kathi Kreisler is a Co-founder of VERIDIUM CORPORATION and served as its President from 1984 through December 1994. She has been a director since March 1984. In January 1995, Ms. Kreisler became vice president, secretary and treasurer of Veridium Corporation. From 1979 to 1984, Ms. Kreisler was a principal in Kreisler Bags and Filtration, Inc., which name was subsequently changed to KBF Pollution Management, Inc. Ms. Kreisler is the wife of Lawrence Kreisler and is the mother of Kevin and Scott Kreisler. During 2005, Kathi Kreisler received salaries of $33,750. During December of 2005, Kathi Kreisler received 3,806,811 shares of the Company's common stock as a settlement of all severance liabilities.
MIF During the first quarter 2008, Minority Interest Fund (II), LLC ("MIF") acquired the Kerns $1,000,000 Debenture. In February 2008, MIF subsequently fully converted this debenture at the rate of $0.16 per share into 6,875,000 shares of Company common stock. The managing member of MIF is a relative of Kevin Kreisler. (p. 23 1st Qtr Rpt)
The SkunK on the Big Picture Stuff
Capitalism
"This system is not bad, it is just how things have worked in every functional society since time began. Someone provides a good or service in exchange for receiving a good or service. Money just facilitates making change and keeping score."
Socialism
"A system where more goods and services are provided to those who provide less goods and services." Leads to less goods and services.
Communism
"Where the link to producing goods and services and receiving goods and services is severed. Outdated, shabby or no production follows. Leads in time to a robust Free Enterprise system - starting with a black market."
"This system is not bad, it is just how things have worked in every functional society since time began. Someone provides a good or service in exchange for receiving a good or service. Money just facilitates making change and keeping score."
Socialism
"A system where more goods and services are provided to those who provide less goods and services." Leads to less goods and services.
Communism
"Where the link to producing goods and services and receiving goods and services is severed. Outdated, shabby or no production follows. Leads in time to a robust Free Enterprise system - starting with a black market."
GERS CHART
Disclaimer
**Traditional SkunK Disclaimer.
Note: I am a shareholder - I do not work for, nor do I receive any direct or indirect payment from GERS or anyone associated with them. (But it would be Kapitalist Kool if I did) I will not intentionally mislead - but I can be wrong (ask Mrs. SkunK for specific frequencies) - so do your own due diligence - and take responsibility for your own financial decisions – (and your own life in general) good or bad. I do not give financial advice - I let you look at my dd as I try to make sense of it all and make MY decisions. Make your own! I have been rightfully accused of being a rather cheery, positive individual who laughs at every opportunity. These tendencies may cause me to overlook deficiencies in this stock that are painfully obvious to others. Celebrate today - and some good garage logic luck to ya.
SkunK
(Blogger formerly know as Skunk)
Disclaimer for those who need additional clarification. . .
My beliefs and the financial strategies discussed on this site are not to be used without proper financial analysis of your personal situation. Better yet, you do not have my permission to use them at all. I strongly suggest you seek help of a financial advisor or, even better, a Certified Financial Planner in order to assist you in any financial planning. I am not selling or advising you to buy any financial products. I am not selling or advising you to buy this stock or any other stock! I am just blogging about one of my favourite subjects! This is a hobby for me and should only be entertainment for you. You may analyse my opinions and determine if they suit you or not. I hope that your personal finance path to your goals will be covered with success and profit. Enjoy your reading.
Additional Disclaimer for the real knukleheads . . . .
Look, if your still reading this disclaimer and haven't figured out my name is SkunK and I don't know nothin' then you really need help. If you still want to blindly go out and do whatever some dude on the internet does then I can't help you. If you are not emotionally secure enough to suffer another's opinion - then turn the dang channel. Quickly seek a mental health professional! I am not one of them either!
Still do not understand? This is for the Lawyers (lol)
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
Note: I am a shareholder - I do not work for, nor do I receive any direct or indirect payment from GERS or anyone associated with them. (But it would be Kapitalist Kool if I did) I will not intentionally mislead - but I can be wrong (ask Mrs. SkunK for specific frequencies) - so do your own due diligence - and take responsibility for your own financial decisions – (and your own life in general) good or bad. I do not give financial advice - I let you look at my dd as I try to make sense of it all and make MY decisions. Make your own! I have been rightfully accused of being a rather cheery, positive individual who laughs at every opportunity. These tendencies may cause me to overlook deficiencies in this stock that are painfully obvious to others. Celebrate today - and some good garage logic luck to ya.
SkunK
(Blogger formerly know as Skunk)
Disclaimer for those who need additional clarification. . .
My beliefs and the financial strategies discussed on this site are not to be used without proper financial analysis of your personal situation. Better yet, you do not have my permission to use them at all. I strongly suggest you seek help of a financial advisor or, even better, a Certified Financial Planner in order to assist you in any financial planning. I am not selling or advising you to buy any financial products. I am not selling or advising you to buy this stock or any other stock! I am just blogging about one of my favourite subjects! This is a hobby for me and should only be entertainment for you. You may analyse my opinions and determine if they suit you or not. I hope that your personal finance path to your goals will be covered with success and profit. Enjoy your reading.
Additional Disclaimer for the real knukleheads . . . .
Look, if your still reading this disclaimer and haven't figured out my name is SkunK and I don't know nothin' then you really need help. If you still want to blindly go out and do whatever some dude on the internet does then I can't help you. If you are not emotionally secure enough to suffer another's opinion - then turn the dang channel. Quickly seek a mental health professional! I am not one of them either!
Still do not understand? This is for the Lawyers (lol)
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
When you're one step ahead of the crowd you're a genius. When you're two steps ahead, you're a crackpot.
--Rabbi Shlomo Riskin
First they ignore you. Then they laugh at you. Then they fight you. Then you win.
-- Gandhi
Remember the only reason the herd is on the move is because they finally figured out the last place they rushed off to was wrong! -- SkunK
Git your dirty feet off the furniture! -- Mrs. SkunK
--Rabbi Shlomo Riskin
First they ignore you. Then they laugh at you. Then they fight you. Then you win.
-- Gandhi
Remember the only reason the herd is on the move is because they finally figured out the last place they rushed off to was wrong! -- SkunK
Git your dirty feet off the furniture! -- Mrs. SkunK
SkunK's Free GERS Video Store
Posts
It just don't fit anywhere else!
SkunK's Public Library; Magazine Section
- June 2008 Bio-Diesel Mag - New Bio-Diesel method that can use corn oil
- Marion (3rd COE) site and COE/Biodiesel
- Dr. Bayless explains Algae process he sold to Greenshift
- Our Algae slime is 94% starch and 6% oil
- and the super "algae" comes from Yellowstone
- Biodiesel Nov 2006 - The Matchmaker
- Forbes Dan Fisher Article
- Distillers Grain Quarterly - 2007 1st Quarter - "COE Opens New Markets"
81 comments:
Hey Skunk, I think it's cool when you put the comment box at the top of the post!
GO GERS!
The Tax Deal is the thing!
If this passes, the entire biofuels industry will get a quick shot in the arm of over $6Billion, cumulative.
There will be great rejoicing and dancing in the streets!
http://www.npr.org/blogs/thetwo-way/2010/12/13/132029790/tax-cut-deal-has-strong-bipartisan-support-pew-poll-signals
How can we be sure that these are not added shares contributing to additional dilution!?
If you look at the trades on InvestorHub, it reads:
'buy volume': 100,000
'sell volume': 19,000,000
and '?volume': 199,000,000
There still may be new shares coming onto the market, as a result of conversion of convertible debts into common stock.
The YAGI debts (secured by KK's restricted stock) are not the only debts of the corporation.
There are other, albeit smaller, debt issues outstanding; and some of the accounts payable may also be converted into common stock.
In short, we cannot be sure that conversions will end at this stage. Unless and until the cash flows from the new COES installs kick in (projected by management to occur in Q1 2011) and/or the balance sheet is repaired by a significant new equity investment; there will probably be a lot more conversions into common stock and dilution.
The conversions, and the threat of conversions, are what is making the stock so cheap right now.
http://www.latimes.com/news/nationworld/nation/sc-dc-senate-tax-vote-20101213,0,251901.story
I beieve Didion Ethanol is one of many new customers to come.
Didion is getting all the building permits for the COES project. The got some stimulus funding for this project that will save energy and cut emisions.
http://homepage.mac.com/oscura/ctd/didion.html#didexp
Here's blueprints of the COES project. You can see where the corn oil machine will be constructed (structure 13x25)as well as the oil tank and stillage tank all of which are next to the syrup.
http://homepage.mac.com/oscura/ctd/docs/12-21-09propD idEthSitePlan.pdf
"WBIA Member Didion Ethanol has begun work to increase the plant’s energy efficiency using $5.5 million from a recent DOE grant. The project, which will cost a total of $11 million, will decrease energy use while allowing the plant to produce more ethanol. We are proud to see one of our members taking such a big step towards energy efficiency and the improvement of the ethanol industry. The project will also created an estimated 10 permanent positions, plus 75 temporary construction jobs."
"Didion proposed to install a host of new technologies at its Cambria plant that would produce more ethanol from every bushel of corn with less energy, thus allowing the company to expand production. The new technology would also extract a new product in the process, corn oil, to get more value out of the corn."
If you follow the link above, you'll find they mention United Ethanol, a nearby producer that signed with Greenshift, several times. I believe the license with Didion will be announced in short order.
http://homepage.mac.com/oscura/ctd/docs/12-21-09propDidEthSitePlan.pdf
This should work better for the 2nd link.
Marquis Energy Buys WI Ethanol Producer!
Here comes another licensed COES plant in Wisconsin!
Posted Dec. 13, 2010
Marquis Holdings LLC has invested in an ethanol plant located in Necedah, Wis. On Jan. 1 Castle Rock Renewable Fuels LLC will change its name to Marquis Energy - Wisconsin LLC.
The investment deal was made along with a limited number of shareholders, said Mark Marquis, president of Marquis Holdings and Marquis Energy LLC, adding that the company now has a “significant stake” in the plant. Financial details of the equity, management and marketing deal were not released. The company took over operation of the plant in July. The Marquis Management division provides ethanol marketing and Marquis Grain Inc. procures corn for the plant and markets the distillers grains.
Several production enhancements have been made to increase the run rate, conversion rate of corn to ethanol and reduce energy consumption. Overall, the plant’s ethanol output increased by 12 percent and resulted in “significant” profit gains. “There are more (operational changes) we will implement over time,” he told EPM.
Although Marquis declined to name the production enhancements he did say the plant had gone from a capacity of 50 MMgy to 60 MMgy. “It required some permitting changes and it required some mechanical changes,” he said.
Marquis Holdings founded and developed Marquis Energy LLC, a 125 MMgy ethanol plant at Hennepin, Ill. Many of the production efficiencies that contributed to the success of that plant will be implemented at the plant in Wisconsin, the company said.
Marquis Holdings will continue to look for opportunities to expand its management group and invest in ethanol plants. “Our family’s additional commitments to the ethanol sector indicate our belief that this high-performing, clean, and renewable fuel will be here to benefit American agriculture, American jobs and American motorists far into the future,” Marquis said.
http://www.ethanolproducer.com/article.jsp?article_id=7189
(BUSINESS WIRE)–GreenShift Corporation (OTC Bulletin Board: GERS - News) today announced its execution of an agreement with Marquis Energy, LLC (“Marquis Energy”), pursuant to which GreenShift has granted Marquis Energy a license to use GreenShift’s patented corn oil extraction technologies at Marquis Energy’s 100 million gallon ethanol plant in Hennepin, Illinois.
Under the terms of the agreement, Marquis Energy will operate its existing facility based on GreenShift’s patented corn oil extraction technologies. In addition, GreenShift will provide Marquis Energy with technical support, yield optimization and corn oil marketing services with a view towards maximizing the performance and benefits of Marquis Energy’s existing corn oil extraction installation.
Mark Marquis, President and General Manager of Marquis Energy, stated that: “We are confident that the license with GreenShift is a win-win for both companies. The financial structure provides natural incentives for both Marquis Energy and GreenShift as we each gain from increased performance, yield and product value. GreenShift invented and patented its corn oil extraction processes, and the superior process knowledge and technical expertise of GreenShift’s team is clear. In only a few weeks, GreenShift was able to review our currently installed equipment and implement a technical plan that included a series of adjustments to systematically improve the reliability and production of our existing extraction system. Current results indicate that GreenShift has more than doubled our oil yields. We believe that we will make more money with GreenShift than without.”
David Winsness, GreenShift’s Chief Technology Officer, added: “We could not be more pleased to earn Marquis’ business and we are committed to deliver the level of excellence and value that Marquis expects.“http://www.marquisenergy.com/2010/04/marquis-energy-licenses-greenshift-technology/
"Many of the production efficiencies that contributed to the success of that plant will be implemented at the plant in Wisconsin, the company said."
Hmmm, now what could that be??? LOL!
That's the key to winning the rest of the market .... provide a great competitive advantage to customers ... then customers will buyout the ones who don't buy the competitive advantage!
Vulture ... you are a prime example of the "something for nothing crowd".
You want all the return without taking any of the risk.
May as well just ask your Congressman for free handouts, or better yet, go begging on the street.
Maybe you should convert to a non-profit ... that's all you are doing ... asking for free returns.
"In total, Viridis (along with our chairman personally and an entity held in trust for the benefit of our chairman's wife (the "Kreisler Trust")), MIF, Acutus and current management have provided GreenShift and its affiliated companies and subsidiaries with more than $14,684,532 between January 1, 2005 and September 30, 2010. Viridis, the Kreisler Trust and our chairman collectively loaned $8,427,257 of this amount, about half of which was subsequently canceled, forgiven and contributed to shareholders' equity."
This is an interesting comment in the latest report. I believe that they are counting "recycled cash" in these figures .... i.e. they loan $400,000, then convert it to stock to pay it off, then reinvest the same $400,000 again as another loan ... and they count that as investing $800,000!
If he is counting recycled investments that way, then he is grossly overstating his family's investments into this company and misleading shareholders about the balance of equities.
If you are counting this way, Kevin, then you are, in effect, counting common stockholders' equity investments as your own.
As I recall, the Kreisler family's primary asset, before GreenShift, was a small environmental services company that produced about $300K per year, which isn't worth much more than $2 Million.
And, then his wife had some money.
Significant investments, yes, but are they counting recycled cash in that figure of $14+ Million?
I think that they might be.
The fundamentals are looking much better, but I've got to say that I am really scratching my head about some of these capital structure maneuvers and statements like the aforementioned.
Take the recent conversion of preferred stock to common stock, for example ...
He converted 9,930 shares of Series D into 10 Billion shares of Common. Prior to the conversion, there were about 3 Billion shares of Common outstanding.
The full amount of 1 Million shares of Series D Preferred Stock is equal to 80% of the equity.
So, 9,930 shares of Series D is equal to 9,930/1,000,000 = 0.99% of the total issue = 0.99% * 80% = 0.66% of the equity.
After conversion, that 0.66% of the equity is now equal to 10 Billion common shares.
10 Billion common shares out of a total of about 14 Billion common shares = 10/14 = 71% of the common.
71% of the common is 0.71*38%= 27.14% of the equity now outstanding (roughly).
In other words, he increased his percentage of the equity from about 64% to about 91%, without putting any new cash into the company.
And, the common stockholders were diluted from 36% of the company to 9% of the company, without any new cash being put into the company and/or debt reduction.
Highly questionable restructuring.
Given the way he accounts for his cash investments, he probably considers this to be "an heroic increase in stockholder equity by the Company's great Chairman, who always has the stockholders' best interest at heart."
JGTEX, Apparently all is not so bright any more in this little ponzi scheme, huh?
My comments have been deleted before so welcome to the club!
Vulture
USAA is aware that some brokerage firms are allowing their customers to purchase shares of GERS. USAA has made the decision not to allow buy orders on this stock and after further review the decision is to continue not to allow buy orders for this security.
really, skunk? you've been deleting comments?
hmmm....fishy...
The fundamentals are as bright as they have ever been and projected to get a lot brighter very soon.
The problem is with the capital structure.
However, that doesn't necessarily mean that a vulture opportunity is around the corner.
Still, the best opportunity for a new investor with significant money to invest is along the same lines I outlined before, which solves the capital structure issues and creates more fundamental value at the same time ...
$75 Million new equity investment
100% Debt Reduction
100% Elimination of Preferred Stock
40% Pro-Forma Stock to New Equity
40% to Public Stockholders
20% to KK & Employees & Family
Balanced Board of Directors
1-for-500 Reverse Stock Split
Analysts w/ 2-3 Small Cap I-Banks.
A deal like this would work and would generate very good returns for all parties in a very short time period. It's a win-win-win-win deal the produces a solid, green biofuels growth stock with excellent growth prospects, blockbuster potential (algae),proven technical team, and experienced management team.
That deal would value the pro-forma company at $187.5 Million, which still leaves near-immediate upside potential going forward as well as dramatic long-term potential for the 3, 5, & 10 year time horizons.
The COES still has significant upside growth potential for the short & medium term, and then the algae bioreactor is the long term grand slam homerun opportunity that drives growth beyond COES & Cellulosic Oil.
t really would be a very nice biofuels growth stock.
Most ethanol companies cannot exhibit this kind of growth potential from new technology development.
Most ethanol companies are essentially leveraged, plant-management companies. They swing with the commodity prices, and don't really have any organic volume growth.
A properly capitalized GREENSHIFT would be different, because it has organic growth potential from the technologies. That's what makes it interesting to growth investors.
A typical ethanol company that simply manages plants cannot produce sales volume growth without acquisition.
A typical ethanol plant management company might get some sales growth and/or margin improvement from changes in commodity prices; but a plant management company like GPRE doesn't really have the potential to grow sales volumes without taking on more debt and/or diluting shareholders.
As a technology development company, Greenshift would be rather unique in the market for ethanol stocks ... and with a proper capital structure, it would be a very attractive package for a technology oriented, growth stock investor.
Funds like T. Rowe Price Technology Fund & Fidelity Technology Fund & various Emerging Growth Funds - all of which are multi-billion-dollar technology growth funds - would love to own it and would pay a nice premium for it, if it is well capitalized with good growth prospects and a shareholder oriented corporate governance structure.
When you get it all right, a company like this can be valued at 100X Cash Flows, due to the growth prospects. That is a premium over the typical market multiple of, say, 10X.
But, everything has to be right to get that premium, including the corporate governance structure and the balance sheet.
Once it is structured correctly, a growth company like this comes onto the radar screens of hundreds, maybe even thousands, of large small cap & growth mutual funds.
These funds are multi-billion dollar investment funds. They never take control. In fact, they rarely own more than 5% of a stock. And, their minimum position size is generally 0.50%, or more, of their portfolio.
0.50% of a $2 Billion emerging technology fund is $10 Million.
If they really like a company, they might invest 5% of the portfolio. 5% of a $2 Billion portfolio is $100 Million.
In other words, funds like that generally invest somewhere between $5 Million and $100 Million into each stock in their portfolio.
So, if you get 10-12 funds like that to take positions in the company, the valuation really starts to ramp up. Next thing you know, the stock is trading at 100X cash flows, because you've got all these growth funds taking multi-million dollar positions.
But, such funds have strict requirements that must be met before they invest...
1. Shareholder oriented management team.
2. Strong Balance Sheet.
3. $5+ stock price
4. Nasdaq, NYSE, or AMEX listing
5. 2-3 I-Bank Analysts
Greenshift needs to make some changes to meet these standards.
So, think about it ...
If the tax credit passes and then all of the 1.3 Billion GPY in properly contracted production comes online within weeks, the cash flows of Greenshift will be in the neighborhodd of $35 Million, or so.
Put a 100X multiple on that as a high growth potential Nasdaq Stock, and the valuation is $3.5 Billion!!
Win a few patent litigation suits, layer in Version 2.0 of COES, Cellulosic Oil, and algae bioreactor, and you could be looking at a $5 Billion market valuation within 5 years.
That is a whole heck of a lot better than the $86 Million that has been bandied about on this board.
Even a mere 20X multiple would put the valuation at $700 Million, or nearly 10 Times that $86 Million figure that is being bandied about.
Selling it lock, stock, & barrel to GPRE will only dilute the growth potential of these technologies with a ho-hum plant management company, which will never achieve the kind of growth rates that a standalone technology development company could produce.
JGTEX Your website needs to have some info, its hollow.
Your comments here are also seeming quite hollow.
Coming from a person who refuses to identify him/herself, the label "hollow" doesn't stick on anyone.
Tell me who you are and maybe your words will carry more meaning.
Even email me privately, if you want.
And, by the way, what I describe above is pretty standard stuff for growth investing.
To call it hollow only reveals your ignorance, whoever you are.
OK, ANON, here's a kindegarten lesson for you, since you obviously need it ...
What are the characteristics of a "high quality growth stock" ?
1. Above average prospects for an extended period of organic sales growth and profit improvement. 20% or more is desirable.
2. Experienced Management Team.
3. Ethical, shareholder friendly corporate governance structure and practices.
4. Very low debt levels, preferrably zero, with strong cash balance, working capital, and cash flow characteristics.
5. Listing on a major exchange in the US: NYSE, AMEX, NASDAQ.
For an example of one, take a look at Texas Instruments.
As I suggested earlier, a high quality growth stock generally commands a premium valuation in the marketplace. TXN, for example, trades at 14X cash flow.
Now, TXN is a "Mature, High Quality Growth Stock" ... it is LARGE. Large companies cannot grow as fast as small companies, but TXN will still grow faster than the average large company. So, the multiple is above average, but not super-high. TXN's projected growth is in the 15% range. Good, but not great.
A small, or 'young' high quality growth stock, on the other hand is where you can find the exceedingly high projected growth rates, as a company enters the parabolic phase of its growth.
Small, high quality growth stocks are where you can find the 50X or even 100X multiple on cash flows.
If they play their cards right, GreenShift is about to enter a period of parabolic growth, where sales will grow exceedingly fast ... perhaps even in the 50%-100% per year range for a few years.
That is the 'sweet spot' for small cap growth investors. And, that is where the premium valuation can be achieved. It is not easy to find such companies, especially in an economy like this. Greenshift has that potential.
This is Growth Investing 101, ANON. Shouldn't have to teach it to you.
JGTEX, sounds like you should take your show on the road, get some backers and buy this thing for 10X cash flow. (Not getting greedy asking for 100x). If you really believe this you should mortgage all you own, sell all you have, leverage everything and buy this without delay as the shareholder sare eady to sell and you would turn a tenfold profit if what you say is true. But I don't think you are quite ready to bet the farm on it, are you?
i will repeat..i am in this due to a chance find while really investigating algea bio reactors...keep the fundemental analysis opinions going...gives a non investor genius some what confident....this is a game changer for an under paid biologist....i would be delighted at 5 cents value but some of the projections here stagger the mind..glta longs
Unfortunately, a large portion of my "farm" was sunk into the Common Stock years ago at much higher prices.
I no longer have any "farm" left to invest, other than a small position in the common stock, which has taken my original $400,000 and successfully turned it into less than $500.
If I could get EQUITY backing for the deal like that, then I just might do it, but it's not the kind of thing that you do with DEBT, as you suggested.
DEBT is a hindrance to organic growth. High Quality Growth Stocks (like Texas Instruments) have ZERO DEBT.
I also have essentially zero equity to use as leverage, and they ain't handin' out zero equity loans these days, not even for houses, let along for businesses.
My problem is that, because I am down so much on my original investment in GERS, my investing track record looks pretty hideous right now. So, I will probably not have much luck raising that kind of money at the moment.
I do believe it would make a very interesting standalone growth company, subject to certain terms and conditions, and also subject to having at least 2 good small cap investment banks covering the story.
But, who's going to back a guy that lost $400K in the past 5 years of investing ... especially when that investment was in the same company he is asking for backing for.
A lot of investors cannot get over the past history of the company and my own past history, which currently makes me look like a failed investor.
Many times, that is the first thing they look at. They don't give a hoot about the technologies and the business plan... they just look at the people ... and if they see failure in the past, then they don't invest.
Personally, I believe I could make lemonade out of a lemon, here, but not without a backer. And, finding the backer is the hard part.
Incidentally, I am also a biologist who stumbled onto GERS while researching photobioreactors!
Unfortunately, I was 3-4 years ahead of you, when the stock was much higher. Had I been on your delayed timeline, I'd be much better off right now!
I have put over $400K into GERS. I have 1.5 Million shares.
It would take a very forward looking investor to back me with $75 Million for Greenshift.
The lion's share of investors put a lot of weight on the past track record of the guy they are backing.
Right now, all I can say is that I successfully turned $400,000 into $500 in GERS, and I sunk another $400,000 into my photobioreactor, which hasn't produced any returns either.
Investors who would back me right now are few and far between (but also very smart, I might add).
There is a lot of value in these assets, both GERS and TCF.
But, its not the kind of value that your average vulture and/or turnaround investor and/or value investor will put much stock in.
We need the kind of investor who is forward looking, understands technology, and is willing to forgive some failures in the past.
Some investors use the "no excuse management" philosophy, where the mantra is "failure is not tolerated".
Any investor following that kind of philosophy will not invest into me.
There is a lot of group think and herd behavior in investing.
It takes a special kind of investor to go out on a limb, where the best fruit usually are found.
Anyways, I don't want to be a wet blanket, here. Noone wants to here my sob story.
On the brighter side ... we should have some news about that tax deal pretty soon.
That retroactive subsidy will inject $6B fresh cash into the industry for 2010, and then another $6B fresh cash for 2011.
For an industry that generates around $25 - $30 Billion in annual sales, those are very significant numbers!
That ought to stimulate the industry ... and hopefully this damn stock as well!
Curiously, why are there some many comments removed by the author?
Skunk - why are you removing comments?
Removed by the author means ... removed by the author (The author of the post).
Something is wrong here! USAA is an OUTSTANDING brokerage firm. Absolutely the best and has won many awards for the quality of their service. This is their final statement on GERS buy orders:
USAA made the decision because we don't want the risk of allowing purchases to take place and then not receive the shares from the company. This creates a situation that could potentially lead to monetary losses as well as potential violations of security regulations. It is possible that this decision may never be changed.
I think the losses they're talking about is USAA taking a loss. They, as well as Ameritrade, never had GERS shares in their inventory. They sold us shares they didn't have. When the stock shoots up, they'll be forced to take a loss on every share we own. The "potential violations" is code for, please sell because we're really backed into a corner here. It's interesting to know that they anticipate a shortage of shares.
Also, the security regulation violations would be against USAA, not Greenshift. These brokers can't get shares from Greenshift right now do to a temporary hold that the DTCC calls, routine.
As much as I would like to see something happen that drives GERS to the moon, I hesitate to read too much into the Global Lock.
It could just as well be related to increased market regulations against naked short selling from the new Dodd-Frank law.
In fact, that is probably what it is. One of the purposes of Dodd-Frank is to strengthen the financial system by preventing brokers from taking on too much risk.
This is probably just a risk reduction regulation being applied to the brokers ... and nother to do with the GreenShift story.
I can see how that could very well be true, but it does not explain the conversion from preferred to common. I think/hope something is still up.
Since there's a global lock and shorts have to buy in order to cover, aren't shorts/naked shorts trapped, like say if there is a buyout or merger?
As I said before I doubt very much that anyone is shorting this in large number due to the low existing market cap. THe only reason I can see for the lock that is short-related is that, due to the large number of shares in existance that it somehow risks breaching guidelines on the number of shares a brokerage can provide to short without locating the long shares. I don't know whether such a restriction exists, but if so it would impact this entirely due to the share denomination rather than anything concerning the company/valuation. I do think that an update from the company on the share conversion is warranted and the fact that it has not happened leaves me a little suspicious of KK's motives and intentions. It would be a shame if our judgement on the success of the company was correct but that did not result in the speculation gain because of manipulation of the structure by KK.
He might be paving the way for a go-private transaction.
A Go-Private requires, I think, 90% stockholder approval.
Prior to the conversion, his stake was about 63%.
Now, if my calculations are correct, his stake has been instantaneously increased to 91%.
Aside from simply enriching himself at the expense of common shareholders, the purpose of the conversion may be to allow KK to vote to approve a Go-Private transaction at a low-ball price.
If that $86 Million capital raise at GPRE is for a cash aquisition of GERS, KK will make a lot more money by going private at a nero-zero valuation and then selling privately to GPRE.
With control of 90%+, he can now approve any Go-Private Stock Price that he chooses.
He will most likely choose Par Value, or $0.0001 per share, which is even lower than the current price.
This basically enables him to "take out" all of the Common Stockholders, giving us next-to-nothing.
Then, after the Go-Private, he will own nearly 100% of the company.
This enables him to capture nearly 100% of the equity from the GPRE buyout, instead of sharing it with Common Stockholders as a more ethical CEO would do.
Let's say that the $86 Million cash at GPRE is for a buyout of GreenShift.
By the time he reduces the debts of GreenShift (discountinued operations debts of $18 Million and that asset transfer to YAGI reduces it by $10 Million), the outstanding debts of GERS will be about $50 Million.
$86 Million, less $50 Million, is equal to $36 Million.
Prior to the conversion, KK owned about 63% of the equity. 63% of $36 Million = $22.68 Million.
And, Common Stockholders held about 35%. 35% * $36 Million = $7.94 Million, or $0.002 per Share.
After the conversion, he now owns 91% of the equity. 91% of $36 Million = $32.76 Million.
That reduces the value left for the rest of us, and it positions him to Go Private at a low-ball valuation.
He now has that 90%+ voting power,which gives him the right to FORCE a Go-Private transaction onto us at whatever price he wants.
So, instead of getting the $0.002 per share, described above, he can now force us to sell out our shares at $0.0001 per share.
The planning for a Go-Private transaction would also explain the Global Lock. They are making sure that they have all the shares on record for the GO-Private. The "Routine Compliance" explanation is probably B.S.
Then, after forcing us to sell out at $0.0001, he will be able to claim 98% of that buyout price for himself, instead of sharing it with Common Stockholders as a more ethical CEO would do.
Instead of getting $0.002 per share, we will get $0.0001 per share.
[Again, all of this assumes the $86 Million buyout price, which I believe is low to begin with]
If he DOES do the forced GO-PRIVATE transaction at a lowball price like that, we MIGHT have grounds for a class action lawsuit.
Are you following me?
There is NO global lock. USAA and Scottrade have both confirmed this. Various brokerages are deciding to limit buy orders for GERS for other reasons. I am not saying that this is a good sign only that a global lock is not in effect.
And, this is a pretty big difference in price for Common Stockholders.
$0.002 per Share is 20 Times as much as $0.0001 per Share.
1,000,000 shares * $0.0001 = $100
1,000,000 shares * $0.002 = $2,000
For every Million shares you own, you would get $2,000, if they were bought out at $0.002, but only $100 if they are bought out at $0.0001
Did they specify the "other reasons"?
The planning for a Go Private and/or acquisition transaction is likely to be the reason, in my opinion.
They need to make sure all shares are "present and accounted for" prior to these kinds of transactions.
so this continues crazy ebbs and flows...now we share holders are going to be extorted for .0001 private conversion?...well which is it? 3 to 5 pennies or .0001..we are pawns in someone elses game? totally?..at the mercy of some KK person?
Skunk, can you weigh in on this? Even if it is speculation.
I honestly don't know what is going to happen, personally.
But, we would be remiss not to consider the low-ball go-private scenario as a possibility.
A higher buyout, like I discussed earlier, is still possible as well.
But, when speculating on stocks like this, it is important to analyze both the upside AND the downside.
There were some M&A deals in the past, where KK restructured various companies and mysteriously ended up in the catbird seat, while common stockholders got screwed.
So, if history is any guide, the lowball buyout I described here is a definite possibility.
The higher priced, preferred stock investment I described earlier would require the participation of one or two significant investment banks.
If they aren't willing to play ball with this stock, then the optimistic scenario probably won't occur.
lot of wealthy wasps out there hate them too?
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