Wednesday, August 10, 2011

The Second Read


"We generate revenue by licensing our technologies to ethanol producers in exchange for ongoing royalty and other license fees. Several plants were licensed to use our technologies as of the end of 2010 and during the second quarter of 2011."
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"As of August 8, 2011, there were 13,903,397,418 shares of common stock outstanding." (2Q)

If you look at the  ". . . close of business on July 19, 2011 (the “Record Date”)"  contained in both the Pre and Def 14c you will see the OS was also 13,903,397,418 shares.

Since the OS did not change, I think one can safely say that no dilution took place between those dates.   Any post made between those dates describing ongoing dilution would therefore - by definition - be inaccurate. 
SkunK
at

17 comments:

  1. AnonymousAugust 10, 2011 at 10:16 AM

    As of May 12, 2011, there were 11,652,841,863 shares of common stock outstanding. As of August 8, 2011, there were 13,903,397,418 shares of common stock outstanding. Diluted shares by about 2.25 Billion for the quarter.

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  2. AnonymousAugust 10, 2011 at 10:55 AM

    Not exactly. The quarter ended at the end of June so there's an extra month and 1/2 in there.

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  3. AnonymousAugust 10, 2011 at 11:04 AM

    Still, it's less than half the dilution we saw in Q1, and zero dilution in the past month

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  4. AnonymousAugust 10, 2011 at 11:05 AM

    10 cents a share cash on hand post split

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  5. AnonymousAugust 10, 2011 at 11:23 AM

    our lenders will continue

    "continue" is the key word. Nothing has changed. As long as we have any debt lenders will "continue" to have the right to use shares to get their debt payment.

    But with that much cash on hand (well over a million) it seems very unlikely we will need to use shares to come up with the $500,000 or so needed to service the debt until we have positive cash flow by the end of the year.

    Future Dilution Immpossible? no
    Furtue Dilution unlikely IMHO? yes

    Plenty of things that could happen but no need to overstate the risk. Everyone here is used to bad news. We are going to have to learn to accept obvious good news.

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  6. AnonymousAugust 10, 2011 at 11:25 AM

    yes....10 cents a share cash...can this be used in an accounting formula to help establish a price per share projection...i am no accountant...I have have heard of share price being supported by cash on the books...

    any help welcome...

    sincerely,larry

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  7. nobody123789August 10, 2011 at 12:06 PM

    Anony,

    You are assuming that a company like GERS, which has been cash starved for years, does not have higher priorities for its cash than removing the impact of the toxic debt from the backs of the common share holders.

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  8. AnonymousAugust 10, 2011 at 12:07 PM

    if no new shares are being brought to market....how does a bid/ask appear....millions of people are selling their higher cost shares at .0002???

    larry

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  9. AnonymousAugust 10, 2011 at 12:31 PM

    "if no new shares are being brought to market"

    That is different than dilution. Lenders can hold up to 5% of the OS.

    Say MIF and YAGI and one more each hold 5% of OS shares on July 20th.

    That is 15% of OS that can come to market without dilution, or an additional increase in the OS. It was already issued and will come to market slowly to meet demand but not exceed it.

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  10. GOLDDIGGERAugust 10, 2011 at 1:08 PM

    Moreover, Management has no plans at this time that will involve the issuance of additional shares

    Sounds good to me.

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  11. AnonymousAugust 10, 2011 at 1:14 PM

    Shares are only being converted and sold as the 10 or 20 percent interest is gained so net owed is the same. Go figure.

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  12. GOLDDIGGERAugust 10, 2011 at 1:15 PM

    Look at the bid building 1/4 billion and growing. Lots more ones bought than twos sold today. So much for the doom and gloom prophets predicting a bid collapse.

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  13. AnonymousAugust 10, 2011 at 8:59 PM

    I am unable to purchase any shares at .0001

    The order just sits unfilled...But if I offer .0002 they get filled immediately...

    is this anyone elses experience?
    larry

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  14. AnonymousAugust 11, 2011 at 2:21 AM

    Instead of a day order make it until filled. you get in line for the 1s and it will take a week or so.

    unless all heck breaks loose

    lol

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  15. AnonymousAugust 11, 2011 at 12:58 PM

    What is verdict on the 1000/1 reverse split? Is that still happening?

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  16. AnonymousAugust 11, 2011 at 2:38 PM

    Read the blog just below this one.

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  17. AnonymousAugust 11, 2011 at 2:42 PM

    You mean I have to read the entire blog entitled "R/S On or after September 6" to find out the answer about when the r/s is happening??

    Can't someone else read it and just tell me what it says?

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