Doing a little math, one can see in this current SIRE report that it is producing at the rate of almost exactly "one tenth of a pound" of corn oil/gallon of ethanol produced.
SEE HERE 2nd page
This is the math I used:
1439 tons x 2,000# = 2,878,000#
gallons of ethanol produced = 28,728,974
= .10018# of corn oil /gallon of Ethanol produced
**************
GreenShift claims consistent rates of 4 gallons of corn oil/100 gallons of ethanol produced - or about 4% HERE
At 7.6# for a gallon of corn oil, that is over 30#/100 gallons or .3#/gallon. Three times the SIRE rate.
SkunK
ps Here is a little history of SIRE and their ICM tricanter
This SIRE rate appears to be an improvement as stated here on first page:
"We began Corn oil extraction in November, 2010 and are seeing a steady increase in our production. Corn oil is currently generating good margins and has been a great addition to our co-product stream."
pss - Let me just throw this out there - not being any kind of accountant or anything - but if you were making money at one rate of extraction, would you make more money at three times the rate? Even with a royalty? Lets do the math. If first they are making 1 "unit" and they bought into method I and they are now they are making 3 "units" minus 20%, I think that would leave them with 2.4 "units". The only question left is whether they would be rather making 1 or 2.4 "units" of revenue.
Now I am not saying things are not more complicated than that in the real world. For instance I make my own wine as one of my many hobbies. By the time I buy a bottle and the cork and the seal and the label and the sugar and the yeast and the fruit and invest the labor - I could have purchased a fairly good table wine and saved all the trouble. Yet I choose to make the wine because it gives me enjoyment to do it myself. It is not a business decision - it is a hobby. I am not saying some like to extract corn oil themselves because they enjoy doing it themselves, regardless of the obvious fiances - or am I? I though my hobby was expensive!
Monday, May 16, 2011
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After doing some reasearch on SIRE I found it's owned/controlled by ICM!! They say in their filings that, do to ICM being in control, they may do things that are not in the best interests of the SIRE shareholders. So it's not that SIRE wants to break the law, they are being led by ICM. I'll pull the quotes up later tonight.
Corn LP Update!
It's official, Corn LP came online in February. That means Q1 pretty much had no revenues from this new customer, but we'll start seeing it in Q2.
"As we entered the first quarter of the new 2011 year of operations,
the newest venture which we are entering into to create
a new revenue stream for CORN, LP is in oil production.
The maintenance staff built it (no contractors), the energy
center crew is running it and trying to figure out all the nuances
to get the performance exactly where we need to have it.
There are many factors in claiming the oil fraction, and we
learn each day.
As we continue to explore opportunities in the production
of oil and the role this new area can play as an additional source
of revenue for CORN, LP, I will keep you up to date on our
progress and any additional development in future articles.
In the meantime, I am again very pleased to say the CORN,
LP plant continues to perform at record levels and is operating
very-very smoothly and efficiently."
"The most recent income avenue that CORN, LP has identified
and upon which it has now embarked is to create a new
revenue stream with the addition of an oil production segment
of operations at the plant, and as CORN, LP Plant Manager
Andy Miller discusses in his Coach’s CORNer article elsewhere
in this issue of The CORN Connection, this revenue
source became operational in February and we are extremely
anxious to see the positive impact we believe it can create for
CORN, LP as we move forward into 2011."
http://www.cornlp.com/Newsletters/May2011.pdf
I find it interesting that one of Corn LP's directors is from ICM, and they still licensed with Greenshift.
Just picked up another 20M.
Maybe Zecco stopped selling because they ran out of "in house" shares and can't get anymore electronically?
Everything is fine with Scottrade. One other thing, in the Q1 report, they said they licensed several new producers in Q1. Marquis, WI and Calgren are two, that makes a couple, so who is the other(s) to make it several? Is it Didion and Andersons for sure?
slash or skunk , where are all these shares at .ooo1 comming from and the ask of 400,000,000 shares never drops. thanks
For everybody who is concerned about volume, share price, and pps.
Please! take a look at some "normal" stocks, just open the book ( and watch as if you were looking at the GERS book) for any Dow Jones stock, or any sp500 stock, and you see per day about a gazillion trades worth of hundreds of millions$ many times billions,and in the end of the day they lose or gain a cent.
please.
Maybe bit off topic, but Skunk you are The man, Slash sorry your second by the hair of a bald men!
The big question is when there stock will go up? I don't mean to .0002 either. All this work for what? I am waiting.
What is very strange about the DTCC restrictions that USAA, TD Ameritrade, and now Zecco cite for no longer allowing electronic buys of GERS is that they allow this for ESYR. ESYR is a twin company of GERS that is in much worse position, financially and in terms of filings. I have written several emails to KK inquiring why this is occurring. No respnse. The stock holder letter of several months ago that said that this problem would be soon rectified appears in error. This restriction is not going away and it is hard to understand for a fully compliant company. I wish someone could get the real story. Pehaps we are heading toward a time when no one will be able to buy GERS electronically, followed by a time when we can only sell by incurring significant fees. Most unsettling.
FYI: Zecco still allows buys, but the fees to do so make it so that it would be more cost effective to switch to a broker like Scottrade or E-trade.
"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
Thanks to Jim4262 Ihub"
United Ethanol's Testing The Ashland Emulsion Breaker!
Nice to see United is extracting at a higher rate than SIRE, even though United just recently started up and SIRE began in November.
"Starting in early 2011, United Ethanol incorporated corn oil extraction, which provides another stream of income, cuts overall energy costs, and improves the flowability of the distiller's grain."
"United Ethanol has been operating very well the past quarter, with positive margins, and we’re carefully preparing our strategy to perpetuate that trend.
Our corn oil extraction facility was brought online with minimal set backs and great day-to-day consistency. We’re in the process of testing an emulsion breaker that has given us added production without increasing our residence time or temperature. We’ve also been able to have tighter controls on our dry distiller’s grain (DDG) color and moisture. At today’s prices, corn oil extraction will add about 3.5 million in revenue to United Ethanol.
Through the first quarter of 2011, United Ethanol produced 10,553,367 gallons of undenatured ethanol. We also produced 30,005 tons of DDG, 2,099 tons of wet distiller’s grain, 10,548 tons of liquefied carbon dioxide, and extracted 1,214,452 pounds of corn oil."
http://www.unitedethanol.com/index.cfm?show=10&mid=18
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