Friday, October 28, 2011

OCBE

Over Come By Events.  The court approved GreenShift's Motion for Extension of Time to Propose Amendments to Case Management Plan until the 26th.  The Proposed Amendments were already filed on the 26th and permission to do so was then signed in the document below a day later - the 27th.  Just shows things are moving fast and the paperwork sometimes lags the real sequence of events.

SEE new filing HERE

SkunK
at 1:46 PM

7 comments:

Anonymous said...

Is there anyway to halt Mr. van der Griend spouting his filth on message boards and blogs?

October 28, 2011 at 4:15 PM
Anonymous said...

Start with proof that is actually happening.

October 28, 2011 at 4:26 PM
nobody123789 said...

That Anony could be Slash who is convinced that I am Griend because I once made an illusion to German history. We have more important issues to get to here than the possibility of German ghosts posting.

October 28, 2011 at 8:25 PM
Anonymous said...

An example is this company taking private GS Agrifuels, when the company announced a more than fair buy back price at a future date, few posters believed because it was about twice the trading value. The shares continued to trade at a discount to the buy back price as posters relentlessly tried to discredit the company and the deal.

The deal went off as planned, 50cents/share if I remember right. Those who trusted the word of the company and loaded up at the discounted price came out way, way ahead at settlement. Those would listened to the haters lost a lot of money.

GS Cleantech absorbed GS Agrifuels and then GS Cleantech became GreenShift if I remember right.

That is my example. Anxiously awaiting a specific example that might change my mind.

October 29, 2011 at 2:33 AM
Anonymous said...

Think of reasons why a prior planned r/s is not taking place. Now think of a reason it is not announced which is in the best interests of shareholders.

Ongoing negotiations with a third or multiple parties/ and or creditors (which are never announced for OBVIOUS reasons) that involve the future share structure of the company immediately come to mind. Anyone who thinks YAGI and our share structure would not be involved with negotiating the payment structure of any kind of serious litigation settlement has not been paying attention.

Gee Whiz, its not like we just finished a successful Marksman hearing and have entered a traditional period of serious settlement negotiations.

Oh wait, its exactly like that.

Mr. Harold Richard

October 29, 2011 at 9:03 AM
Slashnuts said...

GPRE Corn Oil Production Q311

In Q211, the extraction of 21.5 million pounds was 7.5% higher than the 20 million expected.

In Q311, the extraction of 32.7 million pounds was 31% higher than the 25 million expected.

Corn oil revenues were $15,508,000 in Q311. 47.4% higher than the $10,520,000 reported just 3 months ago!

Greenshift's 20% royalty increased by about a million to $3,101,600. Up 47.4% from the $2,104,000 in Q211.

Using 7.6 pounds per gallon, that's 4,302,631 gallons or roughly 17.2 million gallons a year.

Extraction rates are just under 2.4% It sounds like they're still tweaking a couple plants so there's more room to grow. Greenshift's Alfa Laval customers are doing around 4%. I think a good average, for all our customers combined, is 3%, maybe a little more.

At $3.60 a gallon, a royalty of $.72, and an average extraction rate of 3% GERS' annual revenues with 2.3 billion gallons under license would be about $50,000,000. Then one needs to add in the equipment sales and construction services. We also need to start thinking about potential revenues from Greenshift's other technologies since our customers are expressing interest in them.
Good Luck To All!$!$!$!$!$!$!$!$

October 29, 2011 at 2:09 PM
Slashnuts said...

Here's some quotes from the GPRE Q311 CC.

"Corn oil, again, made a significant contribution to our profitability, generating $9.6 million of operating income in Q3. For the last three quarters, corn oil production has generated over $18 million of operating income for our company. The payback on this investment was less than a year, and as a reminder, the cash flow generated by this segment flows freely to the corporate entity and is unencumbered at the ethanol plant subsidiaries. Our Tennessee agribusiness operations have helped reduce some of the seasonality typically seen in this segment."

"NASCAR has now run E15 over one million miles and has stated that they had better performance with very little impact in mileage; we hear some teams actually have seen a mile miles per gallon increase."

"Corn oil extraction technology deployment was a valuable project for us to embark on in October 2010. As we did with out ethanol production, we are working on de-bottlenecking this process as we learn more about the technology and we believe we can see marginal improvements in extracting the residual oil out of the process."

"In closing, the M&A front has been quiet, but we continue to search out opportunities, both externally and organically, to grow our company. At this time, we are evaluating several potential opportunities in all parts of our business and remain focused on growing all of our business segments profitably, and providing long term value for all of our shareholders."




"Patrick Jobin – Credit Suisse

Okay, and then on the corn oil segment; I guess now all nine plants are operating; how should we look at the run rate contribution there? And you suggested maybe some de-bottlenecking efforts for more extraction; I guess what do you think the potential is, or how should we look at that segment over the next few quarters?

Todd Becker

I think what you’re starting to see is a pretty good run rate. We had about 30 million plus pounds of oil; we said we thought we’d produce 100 million pounds, and we’re producing closer to 120 million pounds right now. And then also looking at – we think there’s opportunities for some increases in that, but again, marginal, and not large steps, if we see them. But we’re continually de-bottlenecking some of our under-performing units right now, that maybe are lower yield than the platform. So we think there’s a little bit of upside still there, but we have to wait and see what we can actually get out of it. Some of it depends on the quality of the corn, as well, and the ability to get the oil out of the kernel while not degrading the quality of the DEGs. But keep in mind, we’ve also seen a drop in bean oil prices, from the highs in the high 50s, to more of a low 50s; but what’s interesting is we’ve seen (inaudible) stay pretty consistent in the low 40s, so $0.40 to $0.43 a gallon. From a competitive standpoint, on a gross basis, and then you have to take out the cost of the DEGs and some other expenses to get us on a net basis where we get our $9.6 million right now with run rate. A big answer there, but in general, de-bottlenecking is going well, the prices are hanging in there from a comparative standpoint, even though bean oil prices have come down, and overall we expect the segment to perform well over the next 12 months. One thing we have done, which we did not mention, and I’m glad you asked the question, is that we have a little less than a third of all our corn oil locked in for next year already, at some lower type levels from what we’ve seen year to date. So we got ahead of the curve a little bit, and we’ll continue to focus on locking in more corn oil for all of next year, as we lock in the baseline recurring earnings stream from this segment."
http://seekingalpha.com/article/302970-green-plains-renewable-energy-s-ceo-discusses-q3-2011-results-earnings-conference-call?source=yahoo

October 29, 2011 at 2:10 PM

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