SkunK gets it Right? The Details . . .

Early last week when GreenShift announced it had received a Notice of Allowance for Continuous BioDiesel, the SkunK found a Notice of Allowance just issued to GreenShift.  Looking for "that" Notice of Allowance - he had stumbled on to ANOTHER one that had just been mailed out to GreenShift.  Well, after a week of additional Press Releases - and the possibility of another big week next week -  the SkunK decided to try and set the record straight now.

Continuous BioDiesel Presser HERE
See newly researched Notice of Allowance HERE
To see the actual Patent Application SEE HERE
To see the biographies of the inventors:  John Gaus and Dr. Philip Leveson see HERE

As you can tell by the Bios - the inventors are now the core of ZeroPoint Clean Tech, a company in which GERS has a 10% share. (10-K page 34).

However the SkunK does not think this patent came into GERS portfolio by way of ZeroPoint Clean Tech.  Instead, by way of Nextgen Fuel Inc.

"On October 30, 2006, a wholly-owned subsidiary of GS AgriFuels purchased 100% of the outstanding capital stock of NextGen Fuel, Inc"  (10-K page 53)

Never heard of GS Agrifuels or just forgot?  - As of the Annual Report in April 2010:

"GS AgriFuels Corporation, [is] an inactive, wholly- owned subsidiary of the Company, . . "  (10-K page 11)

The latest GS Agrifuels UPDATE as of the 2Q 2010:
"The operations of GS AgriFuels and each of its subsidiaries, . . . have been discontinued." (2Q page 18)

Here are the Inventors ties to NextGen Fuels:

"NextGen Fuel, Inc. was founded in 2005 by Dr. Phil Leveson, John Gaus of Golden Technology Management, Jeff DeWeese, and John Blend of Goshen Capital."

To see the +4 year ol'Presser LOOK HERE  Note the quote above and the specifications for the technology near the bottom of the presser.

In conclusion the SkunK is pretty sure this patent came to GERS by way of the November 2006 NextGen Fuel, Inc purchase - through GS Agrifuels and finally ending up in the GreenShift Portfolio.  It is a muti-million dollar patent.  Its full worth to this company will not be known until the COES patents (which are the rightful present focus of this company IMO) are successfully settled.

SkunK