Article SEE HERE.
Symposium Schedule HERE
On the May 12th - 9am morning slot we find this:
“CURRENT TRENDS IN CORN OIL EXTRACTION”
Mr. Brock Beach, Capital Sales Manager, ICM, Inc.
That should be interesting . . .
SkunK
Wednesday, April 20, 2011
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16 comments:
You have to give ICM credit in one regard, they certainly are not hiding. Makes one wonder about how certain they are that they will prevail in court; like very certain. GERS must rid itself of these legal albatrosses if investor confidence is to return. How much big money would someone put here if there is a possibility that the courts could make it disappear with one ruling? Considering the vow of KK to fight all infringements of their intellectual property, the costs of these defensive actions are parasitic to stock holder equity as well. Sure hope we get some clarification this year.
LOL PPS projection please? Who things we are going to lose our money?
Who keeps buying all these shares? Market players on the bid increased again.
who keeps selling all these share? where are they coming from?
The only thing ICM gets credit for is for copying stolen technology that they signed a non-disclosure agreement on and then duped the industry into using, without a license.
I wonder how ICM feels about building the Green Plains systems under Greenshift's protected license. That's got to be an embarrassing confidence shaker. Not to mention Calgren is ditching their ICM Tricanter system, Ouch! I'm sure they weren't too thrilled when Center decided it was best to settle the lawsuits and license their ICM installed system with Greenshift. Who really trusts ICM anymore? Obviously not Marquis because they came to Greenshift for help on their Siemens system. They quickly bacame a repeat customer. Heck, not even the infringers involved in the lawsuit are happy with ICM anymore. A number of them have reported continued problems with ICM's system, low yield, unreliable, etc.
Being everywhere seems more like damage control to me. They can go through all the motions they want, but they still don't have the protection of multiple patents backing them up in court.
Slash,
You have not weighed in on the significance of the large blocks of shares trading at the BID since the beginning of the year. Must be many billion by now. Care to provide us your insights?
CURRENT TRENDS IN CORN OIL EXTRACTION
yea the current trend is to scratch Icm and go with GERS!!
LOL Skunk come on man give us a pps projection poll please? I am about ready to buy a very large chunk of the outstanding shares. I believe that we will get closer to a penny this year than the reported 10 cents in one of your other blogs. I am just curious as to what other prospective buyers are thinking.
Been reading your blog for a year and half man - thanks for the info.
Center
I signing off as Center becuase I live two shakes of a lamb's tail away from that facility. I see that the plant is busy every day so that has to be a good sign.
Anony,
All guesswork here until we find out what the massive block trades at the BID mean. This has been going on since the start of the year. Could be good (for cancellation), or could be bad (precursor to R/S). Hard to lay any more money on the table until we know what this means.
Nobody 12378 thanks for the insight. I am glad that you responded. It is crazy exciting today. let's hope for the stock cancellation and finally a rise in pps!
NEWS!!!! $$$$
Marquis Energy To Expand, Double Capacity!
First of all, I have to say, I'm surprised. I had no idea Marquis, Illinois was operating at 140 MGY. Their nameplate is 110, and last I heard they were doing 120, now it's 140! The expansion will bump it up to 280 MGY! This is the original plant that they licensed with Greenshift, not the new one in Wisconsin. Both plants combined will produce over 340 MGY. This means the original plant will need two more licensed COES(#25, and #26) four total....This will make Marquis Illinois one of the largest plants in the country!
HENNEPIN — Marquis Energy, a Hennepin ethanol plant, is pursuing an expansion that would create 40-50 new jobs.
“We put in our application at Illinois Environmental Protection Agency to double the output of our plant,” said Mark Marquis, president of Marquis Energy. “We’ve had two good years back to back.”
The permit is now in the public notice phase, according to Marquis.
He expects construction, which would be on the same site as the existing structures, to begin this fall. He anticipates production would begin in about 18 months.
The facility currently produces 140 million gallons of ethanol per year. Marquis said the expansion would increase the facility’s production to 280 million gallons of ethanol per year.
“That will put us among the largest ethanol plants in the country,” Marquis said.
The 40-50 jobs that would be created as a result of the expansion should be welcome in the Illinois Valley area, Marquis added.
Area farmers also should be happy to hear of the planned expansion.
“We buy our corn locally,” Marquis said.
With the 280 million gallon capacity, the company would double its corn purchases to a new total of 88 million bushels per year.
Marquis said he is proud of the staff at the ethanol plant — the majority of employees have been local hires.
“They trained well,” he said. “They’ve taken pride in the plant.”
Putnam County Board chairman Duane Calbow was pleased to hear about the new jobs that would be created by the expansion.
“Any added new jobs is good for the area,” Calbow said. “I hope their venture is successful.”
http://www.newstrib.com/articles/business/business-daily/default.asp?Article=26283&aname=Marquis+Energy+plans+expansion%2C+adding+40-50+jobs
Good Luck To All!$!$!$!$!$
Big Block Trades
There's been a lot of trades at $.0001 but the bid remains strong. Here's what I think it is.
It's a strategic investor(s) building a large position through multiple private placements. In these big blocks, you'll see a trade for $.00. These are the shares this investor is getting for a discount. Here's the way it works. An agreement between the investor and the company is reached. The investor comes up with $5,000 to $10,000, minimum, and agrees to a lock-up of his shares, most often for a period of one year. He's restricted from selling any of these shares until the lock is lifted, so he's in it for the long-haul. In exchange for the restriction on selling, it appears he's getting a discount of 25%. All of the other big blocks in previous days that show $.00 have always added up to be 25% of the total trade.($.0001 + $.00 are paired together)
For example, that block of 75 million earlier today was 57 million at $.0001, and 18 million at $.00, which is the 25%discount. The bid doesn't collapse because the transaction was pre-negotiated. He's most likely getting physical certificates which is starting to make sense in regards to the Ameritrade/USAA restriction. We've seen a lot of 100 million blocks with 75 at $.0001 and 25 at $.00. Same thing, 25% off, locked up for one year. The downside for this investor is that if the stock shoots up 1000% next week, there's nothing he can do. The good thing for retail investors is that these shares won't be hitting the market anytime soon. I think this shows this deep-pocketed investor's faith in the long-term prospects of this company.
Growing Pains?
There's been a lot of systems coming on-line lately and the company owes the inventors a one-time payment of $150,000 for each system that starts up, although the new agreement did mention they're now accepting some stock as payment. Calgren's method II is in the works which requires some cash and they said they're hiring more help. The Y/A corn oil deal involved a temporary hicup in revenues on those four/five systems. They also mentioned they plan to expand the scope of the lawsuits. I believe the CEO is keeping it to a minimum as much as possible, and that the proceeds are being put to good use by funding the hyper-growth stage that the company is now in. Remember, once these systems start up, it takes some time for them to get up to full-speed before we see the royaltys kick in. Profits are here, even at the door. Whoever this investor is, understands that.
Good Luck To All!
great job as always slashnuts
Thank you for your reply. This "agreement" that you reference, does GERS ever have to acknowledge and provide the details in a SEC filing?
I read it in Q310's filing.
One just has to inquire about private placements, but there are minimums. If I'm not mistaken, they don't have to disclose who the investor is until their ownership hits a certain percentage. Again, I'm speaking of the large-block trades that're paired with the $.00 trades.
"The available financing options typically take the form of convertible debt...
...AND similar derivative structures through which investors purchase securities in the Company that are convertible into our common stock in the future at a discount to either current prices or the market price at the time of conversion."
You are up early. Did not want you to lose any sleep over the question. Thank you for the detailed response.
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