Thursday, December 30, 2010

Golden Grain Energy, LLC

Tis the season for Ethanol plant filings and here is the latest from Golden Grain.  I have reported on previous Golden Grain reports HERETheir new filing is covered below:
 
GOLDEN GRAIN ENERGY, LLC
Corn Oil
During our 2009 fiscal year, we installed equipment that allows us to remove some of the corn oil that is contained in our distillers grains and sell the corn oil separately from the distillers grains. This was a new revenue source for us during our 2009 fiscal year. During our 2010 fiscal year, we experienced an increase in the total pounds of corn oil we sold of approximately 13% compared to our 2009 fiscal year. We produced more corn oil during our 2010 fiscal year compared to our 2009 fiscal year due to increased operation of the corn oil extraction equipment. We had more down-time for our corn oil extraction equipment during our 2009 fiscal year compared to our 2010 fiscal year due to reliability issues with our corn oil extraction equipment. In addition to our increased sales of corn oil, the average price we received per pound of corn oil sold during our 2010 fiscal year was approximately 27% greater compared to our 2009 fiscal year. Management attributes this increase in corn oil prices with increased use of corn oil in biodiesel and animal feed. [p. 23-24]

Management anticipates continuing to increase our corn oil production during our 2011 fiscal year as we continue to refine the operation of our corn oil extraction equipment. Since we only recently installed the corn oil extraction equipment, we are continuing to improve our efficiency operating this equipment. We are also in the process of upgrading our corn oil centrifuges which management anticipates will result in increased corn oil extraction efficiency and in turn increased corn oil production. However, management anticipates that corn oil prices may not be sustainable in the future as more corn oil enters the market. This could negatively impact our corn oil revenue. [p.24]

Corn Oil
We installed corn oil extraction equipment which became operational during our 2009 fiscal year. As a result, we did not have any corn oil sales during our 2008 fiscal year. We experienced reliability issues related to our corn oil extraction equipment during our 2009 fiscal year which did not allow us to utilize this equipment to its full potential. p28
*****
Management primarily attributes this increase in productivity with our installation of the corn oil extraction equipment which allows the ethanol plant to run more efficiently and other equipment adjustments made by management during our 2009 fiscal year. p.28

SkunK

Wednesday, December 29, 2010

ADVANCED BIOENERGY and IOWA RENEWABLE ENERGY LLCs

With four Ethanol Plants and nearly 200mmgy of Ethanol production, Advanced Bioenergy, LLC would be a great fit as a GreenShift customer.  It looks like they are starting to shop.  Lets go GERS sales team!
************************

PLAN OF OPERATIONS THROUGH SEPTEMBER 30, 2011

Over the next year we will continue our focus on operational improvements at each of our operating facilities . These operational improvements include exploring methods to improve ethanol yield per bushel and increasing production output at each of our plants, continued emphasis on safety and environmental regulation, reducing our operating costs, and optimizing our margin opportunities through prudent risk-management policies. We also intend to improve the rail facilities at the Huron plant location, and plan to evaluate adding corn oil extraction technology to one or more of our facilities as well.

SEE HERE page 27
***************************
***************************
Now get a load of the last sentence below from this biodiesel producer.  They are worried that the patent litigation may affect the availability of their corn oil feedstock.  The corn oil problems they talk about have been worked out by many producers using pretreatments.  However, if you do not think the industry is taking this litigation seriously - look over this pudding they always say the proof is in. lol

IOWA RENEWABLE ENERGY, LLC
Data provided by USDA, Oil Crops Outlook Report, December 13, 2010

We have also been using corn oil that we obtain from ethanol plants as an alternative feedstock from time to time. We expect that, like animal fats, corn oil may be a less costly feedstock alternative to soybean oil. The National Weekly Ag Energy Round-Up for the week of December 10, 2010 indicates that crude corn oil costs in the Midwest ranged from 53 cents to 54 cents per pound. [SEE HERE for UPDATE:  SkunK says that is more than $4 a gallon!] Corn oil-based biodiesel has cold flow properties similar to those of soybean oil-based biodiesel and accordingly, we may be able to continue to use corn oil as feedstock in the fall and winter months when demand for animal fat-based biodiesel could decrease. Corn oil, however, tends to cause a waxy substance to build-up during the production process. Due to this build-up, we expect that we will not be able to produce any biodiesel blends containing greater than 5% corn oil. The unique characteristic of corn oil could cause it to be a less desirable feedstock then other feedstocks. The amount of corn oil that we will be able to acquire will likely depend upon the rate in which ethanol plants begin installing corn oil extraction equipment at their plants and the extent to which they market their corn oil. Production of corn oil at ethanol plants may be inhibited due to a patent lawsuit related to certain technology used by some ethanol plants to extract corn oil.

Page 10 SEE HERE
***********************
SkunK

Monday, December 27, 2010

Cardinal 10K

ITEM 3. LEGAL PROCEEDINGS. page 20

"On June 27, 2008, we entered into a Tricanter Purchase and Installation Agreement with ICM, Inc. for the construction and installation of a Tricanter Oil Separation System. On February 12, 2010, GS CleanTech Corporation filed a lawsuit in the United States District Court for the Southern District of Indiana, claiming that the Company’s operation of the oil recovery system manufactured and installed by ICM, Inc. infringes a patent claimed by GS CleanTech Corporation. GS CleanTech Corporation seeks a preliminary injunction, royalties, damages associated with the alleged infringement, as well as attorney’s fees from the Company. On February 16, 2010, ICM, Inc. agreed to indemnify, at ICM’s expense, the Company from and against all claims, demands, liabilities, actions, litigations, losses, damages, costs and expenses, including reasonable attorney’s fees arising out of any claim of infringement of patents, copyrights or other intellectual property rights by reason of the Company’s purchase and use of the oil recovery system.


GS CleanTech Corporation subsequently filed actions against at least fourteen other ethanol producing companies for infringement of its patent rights. Several of the other defendants also use equipment and processes provided by ICM, Inc. GS CleanTech Corporation then petitioned for the cases to be joined in a multi-district litigation (“MDL”). This petition was granted and the MDL was assigned to the United States District Court for the Southern District of Indiana (Case No. 1:10-ml-02181). The Company has since answered and counterclaimed that the patent claims at issue are invalid. The Company anticipates that once the issues common to all of the defendants have been determined in the MDL, the cases will proceed in the respective districts in which they were originally filed.


The Company is not currently able to predict the outcome of this litigation with any degree of certainty. ICM, Inc. has, and the Company expects it will continue, to vigorously defend itself and the Company in these lawsuits. The Company estimates that damages sought in this litigation would be based on a reasonable royalty to, or lost profits of, GS CleanTech Corporation. If the court deems the case exceptional, attorney’s fees may be awarded and are likely to be $1,000,0000 or more. ICM, Inc. has also agreed to indemnify the Company. However, in the event that damages are awarded, if ICM, Inc. is unable to fully indemnify the Company for any reason, the Company could be liable. In addition, the Company may need to cease use of its current oil separation process and seek out a replacement or cease oil production altogether." 
*****************************************

"We are subject to litigation involving our corn oil extraction technology. We have been sued by GS CleanTech Corporation for asserting its intellectual property rights to certain corn oil extraction processes we obtained from ICM, Inc. in August 2008. GS CleanTech is seeking to enforce its patent rights against ICM and the Company. According to information available through the U.S. Patent and Trademark Office, certain patents have been issued and other patents will be issued to GS CleanTech. If GS CleanTech is successful in its infringement action against the Company, we may be force to pay damages to GS CleanTech as a result of our use of such technology." Bottom Page 16

See Cardinal Filing Here

Want More?
On page 5, they imply how it is working . . .

Corn Oil
"In November 2008, we began separating some of the corn oil contained in our distiller’s grains for sale. Corn oil sales represented less than 1% of our revenues for our 2010 fiscal year. We anticipate continuing to fine tune the operation of our corn oil extraction equipment and we expect that it will operate more efficiently in the future. The corn oil that we produce is not food grade corn oil and therefore cannot be used for human consumption without further refining. However, corn oil can be used as the feedstock to produce biodiesel and has other industrial uses." page 5

SkunK

In the third paragraph of the first quote above we have this admission.  

"However, in the event that damages are awarded, if ICM, Inc. is unable to fully indemnify the Company for any reason, the Company could be liable."

Apparently Cardinal has now come to realize that they may be stuck with the bill if/when ICM cannot pay the massive liabilities that are being created for some in the industry.  The negative potential only increases with time.

Do a search for "Corn Oil Extraction" inside the document to see some minor references to their ten year COES loan and quotes similar  to above.
 As usual, I added the underlines and the italics in the quotes above to show the parts I think are most relevant to the GreenShift story.

As an added bonus here is Cardianl's Flyer they just sent out to stakeholders.  You might have to 'VIEW', 'ZOOM', '150%' or '200%'; to get a good view.

Saturday, December 25, 2010

Merry Christmas to All

Merry Christmas and Happy Holidays to all from SkunK and his family up in the wilds of snow country.  We can see the ski hill from the condo here, and the curl of snow on the roof looks like it is about to give way.  Haven't decided how close I want to get to the ski action yet, I may not get past the lodge. 

Thought I had seen most varmints, but yesterday, but for the first time I saw a white weasel in the forest.

I was driving, so I did not take this picture - but it looked like this - a white rope running with the black eyes, black nose and black tip of the tail.

SkunK

Friday, December 24, 2010

Brutally Effective

Here is a new court order allowing GERS to make a legal move.  Best I can tell GreenShift had wanted to substitute filings to gain a tactical advantage.  This is a minor but not insignificant victory for GreenShift.

If you had wondered if the legal firm GreenShift has employed is up to the job at hand - read this point by point body blow to ICM's counter suit against GreenShift.  Its brutal.

If you had trouble with the link above - as some have - here is another one to try:  SEE HERE
If that does not work try pasting the link into the address block
If the screen comes up blank you might want to try this short video:  How to Clear your Cache and cookies
*********************
The SkunK word for the day is "Scienter".  I get animated when I find a simple word I never had reason to run across before.  Strange? - a friend told me "Whatever God put in my heart I liked; for different men delight in different deeds."

Scienter is a legal term that refers to intent or knowledge of wrongdoing. This means that an offending party has knowledge of the "wrongness" of an act or event prior to committing it. For example, if a man sells a car to his friend with brakes that do not work, and he does not know about the problem, then the man has no scienter. If he sells the car and knew of the problem before he sold the car, he has scienter. The word has the same root as science, the Latin scienter (knowingly), from scire (to know; to separate one thing from another).

Wednesday, December 22, 2010

Court Rejects RFS2 Rule Challange

The challenge rejected by the court was made by the National Petrochemical Refiners Association and the American Petroleum Institute.  (Commonly referred to as "Big Oil" lol) 

"This wholly validates the U.S. biodiesel industry's legal position and sends a clear, unambiguous signal to the marketplace that the common-sense renewable goals established in the RFS2 program will be met."


SEE ARTICLE HERE

SkunK

Lincolnway 10K

A Complaint for Patent Infringement was filed against Lincolnway Energy and certain other parties on May 3, 2010 by GS CleanTech Corporation, a wholly owned subsidiary of Green Shift Corporation. The Complaint was filed in the United States District Court for the Northern District of Iowa, Western Division, as Case No. 5:10-cv-04036. The Complaint alleges, in general, that the corn oil extraction equipment and related processes used by Lincolnway Energy and the other parties infringes upon one or more of the claims under certain patents held by GS CleanTech Corporation. The Complaint seeks injunctive relief, an award of damages with interest, and any other remedies available under certain patent statutes or otherwise under law. The Complaint claims damages of at least a reasonable royalty rate and lost profits. The Complaint also alleges that the alleged infringing conduct by Lincolnway Energy is willful, resulting in the right to recover treble damages and attorney fees pursuant to 35 U.S.C. §284. The case has been transferred to the United States District Court for the Southern District of Indiana pursuant to Multi-District Litigation proceedings. No initial disclosures have yet been exchanged and no discovery has yet been completed. Lincolnway Energy is therefore unable to determine at this time if the Complaint will have a material adverse effect on Lincolnway Energy.

Page 31 SEE HERE

SkunK

More Filings

GERS' answer to Flottweg's Counter Claims
SEE HERE

Lincolway's Response

Lincolways Response and Counter Claims

Saturday, December 18, 2010

Finally - Its Official

Obama signs tax bill into law, extends VEETC

For the ethanol industry, it means a one-year extension for the Volumetric Ethanol Excise Tax Credit at 45 cents per gallon, the Small Ethanol Producer Tax Credit at 10 cents per gallons and the Secondary Tariff on ethanol imports at 54 cents per gallon—all current levels for 2010. The Renewable Fuels Association, Growth Energy and the American Coalition for Ethanol have said they will use the time to work on long-term policy reforms.

The biodiesel industry has even more to celebrate. That industry’s tax credit expired at the end of 2009 and biodiesel producers suffered multiple disappointments in the effort to get it extended. In the meantime, many biodiesel plants cut back on production or were standing idle, resulting in many lost jobs. Now, the tax bill extends the biodiesel tax credit through 2011, and makes it retroactively effective to 2010.

Ethanol Producer Magazine
SEE ALL HERE
************************
The SkunK promised to himself to try and not cover the daily ups and downs of this 18 month political saga.  There were just too many ups and downs.  (Even for a GERS' Junkie!)  It finally passed as it should have a year and a half ago - before so many jobs were lost.  Here is hope that one day we get a LONG TERM renewable energy policy where the industry can make logical long range plans and decisions.

Friday, December 17, 2010

A Letter from the CEO

Dear Shareholder:

The recent preferred share conversion was to facilitate debt repayment. Some and probably all of the common shares issued in that conversion will be canceled following repayment of debt.

Further, there is no plan to take GreenShift private. As previously disclosed, we are single-mindedly focused on value creation for our shareholders by increasing sales, achieving profitability, and repaying all remaining debt on cost-effective terms. Our ambition is to achieve our debt repayment objective with as little dilution to GreenShift's shareholders as possible, and to thereafter fully convert all preferred shares at favorable rates to all of our shareholders.

We have made a number of important strides this year, and we are confident that we will produce superior results during 2011 with respect to each of our stated goals.

Thank you for your continued interest and support.

Regards,
Kevin Kreisler
GreenShift Corporation

Monday, December 13, 2010

GERS deals

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.
SEE HERE

SkunK

Friday, December 10, 2010

El Gráfico

The Chart
If Clicking on the chart does not make it bigger try clicking here
There are many statistics to chose from to judge a company's direction and momentum.  Here I chose two for the last 4 quarters - from the recent 'Financials"  As you can see Total revenues overtook SGA expenses during the 1Q and the spread has expanded.  Not profitable yet - when you throw in cost of revenues, but I think the chart above shows we are moving quickly in the right direction.
*********************
The decreasing one is "Selling General and Administrative":

SGA expenses consist of the combined costs of operating the company, which breaks down to:

Selling: Cost of Sales, which includes salaries, advertising expenses, cost of manufacturing, rent, and all expenses and taxes directly related to producing and selling product

General: General operating expenses and taxes that are directly related to the general operation of the company, but don't relate to the other two categories.

Administration: Executive salaries and general support and all associated taxes related to the overall administration of the company
***************

The generally increasing one is "Total Revenues"
Total revenue is the total money received from the sale of any given quantity of output.
***************

SkunK

Thursday, December 9, 2010

Final Report for Blue Flint and Smaart Oil

The SkunK has reported on Blue Flint's (accused COES patent infringer) getting Government money from the North Dakota Industrial Commission to install a non-patented COES.  He also reported on the delays in getting the final report. The last deadline was 31 August 2010.  SEE PREVIOUS BLOG HERE

Well it is done now - dated 15 November - and HERE iT iS

SkunK

4M#s of Corn Oil a Day

According to the U.S. Energy Information Administration, for the week ending December 3, 2010, U.S. ethanol producers were supplying an average of 939-thousand barrels of ethanol per day, or 39.4-million gallons. That is an increase from the previous week of 54-thousand barrels per day. The four-week average for ethanol production was 902-thousand barrels per day. That is an annualized rate of 13.8 billion gallons. Stocks for ethanol fell for the week to 16.4-million barrels.

Gasoline demand went higher to 385-million gallons of average daily demand. As a percentage of average daily gasoline demand, average daily ethanol production was 10.24 percent - the highest since weekly data became available.

On the coproducts side, ethanol producers were using 14.238 million bushels of corn daily to produce ethanol and 105,973 metric tons of livestock feed, 93,570 metric tons of which were distillers grains. Additionally, ethanol producers were supplying more than 4-million pounds of corn oil a day. All of these are record outputs as well.
*******************
WOW SEE HERE
Still wonder if this corn oil thing will work out?  4M#/day! LOL
SkunK

Response from Investor Relations

The SkunK recieved this response from GreenShift Investor Relations:
***************************
Dear Shareholder:

We understand that GreenShift shareholders with brokerage accounts at TD AmeriTrade, Scottrade and USAA have been restricted by each firm from executing investments in GreenShift Corporation common stock. We further understand that the feedback received from at least one of these firms relates to a restriction placed on electronic transfers of GreenShift common stock by The Depository Trust & Clearing Corporation ("DTCC").


DTCC previously requested information from GreenShift pertaining to its prior issuance of common shares upon conversion of convertible debentures previously purchased by various investors. GreenShift has provided all of the information requested by DTCC as well as an additional opinion of GreenShift's securities counsel confirming the valid issuance of all common shares upon payment of GreenShift's convertible debentures. DTCC staff has advised GreenShift's counsel that the restriction on electronic transfers of GreenShift common stock was temporary and would be lifted upon receipt and review of the requested information. As far as we understand, DTCC is conducting similar reviews of a number of issuers and has not yet completed its review of the information we provided despite GreenShift’s prompt response to their informational request.


GreenShift is a fully reporting company in full compliance with all applicable rules and regulations. We are not aware of any basis for DTCC's actions in this regard except for what DTCC staff has termed a routine compliance check. DTCC is not a regulatory or governmental body and has not published any standard or time limit for their ongoing review. We intend to continue to press DTCC for timely completion of its review.


Further, we have been advised by the DTCC that the DTCC restriction extends solely to electronic transfers of GreenShift stock, and not to physical transfers of stock. We understand this distinction to be analogous to restricting deposits of wire transfers but allowing deposits of checks. We further understand that the procedure for physical transfers starts with advising your broker to request "X-clearing" when transferring shares.


Finally, while we are unaware of any reason for the separate actions taken by TD AmeriTrade, Scottrade and USAA, we understand that transfers of physical stock certificates are more costly as compared to the cost of electronic transfers. This expense may be the reason for the actions of such firms. Shareholders encountering this issue are encouraged to contact their broker directly for additional information.


Please do not hesitate to contact us at investorrelations@greenshift.com if we can be of further assistance in resolving this matter.


Regards,


GreenShift Corporation
**************************

Wednesday, December 8, 2010

Global Lock

My brokerage firm canceled a buy order this morning for GreenShift shares.  They said there was a "Global Lock" on the shares where they could no longer accept buy orders for the stock .  They said they could not receive them from the transfer agent. 

I have no idea if it is the case in this instance, however they apparently have done this with other stocks to discover counterfeit shares.  Counterfeit shares can be created when illegal naked shorting takes place.  Naked short selling has been illegal in the United States since 2008.

"Some commentators have contended that despite regulations, naked shorting is widespread and that the SEC regulations are poorly enforced. Its critics have contended that the practice is susceptible to abuse, can be damaging to targeted companies struggling to raise capital, and has led to numerous bankruptcies."

"In 2008, SEC chairman Christopher Cox said that the SEC "has zero tolerance for abusive naked short-selling" while implementing new regulations to prohibit the practice, culminating in the September 2008 action following the failures of Bear Sterns and Lehman Brothers amidst speculation that naked short selling had played a contributory role."
***********************
It seems it is electronic shares only that are locked.  So it could be a company move against Naked shorts - remember the (legal) short report is reported as of the first and 15th.   Or a possible buyout, merger or reorgainazation.  It does seem to be a company action since the SEC and DTCC have GreenSift on none of the "lists" I can find.  Check out some of the dd in the posts here.   I suspect things might get real interesting, real fast. 

SkunK

Global Lock

My brokerage firm canceled my buy order this morning for GreenShift shares.  They said there was a "Global Lock" on the shares where they could no longer accept buy orders for the stock .  They said they could not receive them from the transfer agent.  Obviously some shares are still trading, while others on the boards have reported similar problems.  I will update as I get more information. 
SkunK

Tuesday, December 7, 2010

SIRE update

Remember back in July when ICM unloaded one of their two tricanter flottweg centrifuges - to SIRE - in their Inventory Blowout Sale?

They made a public filing of their "not so secret", confidential aggreement as SEEN HERE.  Sire bought the discounted tricanter knowing that:

". . .civil actions filed by GS Cleantech against third parties asserting, among other things, that the Tricanter Equipment infringes one or more patents held by GS Cleantech and/or Greenshift Corporation (such litigation and similar potential litigation involving SIRE, collectively, the "Patent Litigation")."

Well they have now made an agreement with Bunge North America, Inc, to market their corn oil.  They have told Bunge that  " . . . SIRE will use its commercially reasonable efforts to ensure the corn oil extraction equipment is installed at the Facility no later than April 1, 2011."

(Why do some people always pick April Fools day?  I never know if they are serious - lol)

For you nuts and bolts types - I find the "Free Water & Sediment Test Method for Corn Oil" interesting at the end of the detailed agreement HERE.

SkunK

Blast from the Past

With all the talk about what is in GreenShift's future, I though investors might enjoy this echo from the past.  I thought it interesting that from the date of the information release until the shares stopped trading - post after post on the boards said that the 50 cents a share would never be paid.  Starting out you could pick up the "50 cent" shares for less than a quarter and until the day they stopped trading you could buy them at a discount.  The shares were bought back without a hitch by the company for 50 cents each - on the day scheduled.  I know - I bought some and the money was deposited in my brokerage account! The doubters on the boards never even blinked.  They just went on as if it never happened.  lol
*************************************

New Biofuel Strategy: GS AgriFuels Goes Private

December 28, 2007
As biofuel share prices remain low, GS CleanTech decides to streamline its biofuel assets into one public company and take GS AgriFuels private. In what could be another sign of the times for the biofuel industry, GS CleanTech Corp. announced Thursday that it plans to take its biodiesel subsidiary, GS AgriFuels Corp., private. If the plan is approved by YA Global Investments, the companies' senior creditor, GS CleanTech will transfer its GS AgriFuels stock into a new wholly owned private subsidiary, which will then merge with GS AgriFuels, making it a private company by the end of February.


The plan also calls for other GS AgriFuels shareholders to be bought out at 50 cents per share -- more than double Wednesday's closing price of 21 cents per share. The move is part of a restructuring effort in which the parent company, previously GreenShift Corp., has transferred all its assets -- including majority stakes in GS AgriFuels, GS Energy Corp., GS EnviroServices and GS Ethanol Technologies -- to its subsidiary, GS CleanTech, which will then change its name back to Greenshift in January. Kevin Kreisler, chairman of both GS CleanTech and GS AgriFuels, said the point of taking GS AgriFuels private is to concentrate all of GS CleanTech's biofuel business into one public company.
 
See this Old Article HERE
 
SkunK

Sunday, December 5, 2010

Recent Litigant filings

Yesterday I posted GreenShift recent filings.  Today it is recent filings by the defendants in the COES patent lawsuits.  Never say I don't give you enough DD to read!  lol

ICM HERE

Big River HERE

Cardinal HERE

ACE HERE

WESTFALIA HERE
*************************
Lincolnland Response HERE

At first glance it looks like Lincolnway wants permission to file a different counterclaim.  Since that deadline is past?, they need the judge to give them permission.  That's what the SkunK thinks these three filings below are about.  Here is the best summarizing quote I could find:

"Lincolnway seeks leave to amend its Answer to assert four additional affirmative defenses and to assert counterclaims of invalidity and non-infringement."

Lincolnland PROPOSED ORDER FOR JUDGE

Lincolnland WHY it should be able to file another Counterclaim

Lincolnland's 21 page Amended Answer

SkunK

Saturday, December 4, 2010

Recent GreenShift Filings

See HERE - Request to Dismiss ICM's Complaint

and

EXHIBIT A HERE

and HERE 22 pages - Response to Westfalia and ACE

And HERE 34 pages - Support of Request to Dismiss ICM's Complaint
SkunK

more later

Common Nucleus of Operative Fact














Welcome Aboard Adkins and Flotwegg! 

After a bit of legal hair pulling it appears all the present litigants have been brought together under the MDL Court.  This action was sought by GreenShift and is a significant step forward.

Adkins Order HERE

Flottweg HERE
and also
Flottweg HERE

Got Lot more legal briefs - I should get posted this weekend - just downloaded . . . working . . .

SkunK

Wednesday, December 1, 2010

EPA Finalizes 2011 RFS2 Levels

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
 
Free Blog CounterTamron