See Here
SkunK
Wednesday, November 30, 2011
GPRE Presentation
The GPRE presentation starts at about 6:00. Corn Oil is mentioned in the 8th minute. This is a limited ten minute presentation followed by a question and answer period. My summary below reflects what GPRE presented HERE:
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They use almost 2% of the U.S corn production. The blenders tax credit goes to the oil companies that do the blending - and can save the customer about 4.5 cents per gallon. Ethanol plants do not get any government money. Ethanol production is now competitive with [cheaper than] gasoline and taking away the 45 cent/gallon blenders credit the end of this year would not hurt GPRE. The oil companies now produce very low octane gasoline and need the 10% 113 octane ethanol to make the minimum 87 octane regular grade.
Owning 9 Ethanol Plants - GPRE has an annual ethanol production capacity of 740mmgy out of a total capacity of 13.2 Billion gallons - (or about 5.6% of the Ethanol Industry.) Quote:
"Produce over 100 Million pounds of corn oil as a byproduct of the process. This has been a very advantageous investment for us."
SkunK
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They use almost 2% of the U.S corn production. The blenders tax credit goes to the oil companies that do the blending - and can save the customer about 4.5 cents per gallon. Ethanol plants do not get any government money. Ethanol production is now competitive with [cheaper than] gasoline and taking away the 45 cent/gallon blenders credit the end of this year would not hurt GPRE. The oil companies now produce very low octane gasoline and need the 10% 113 octane ethanol to make the minimum 87 octane regular grade.
Owning 9 Ethanol Plants - GPRE has an annual ethanol production capacity of 740mmgy out of a total capacity of 13.2 Billion gallons - (or about 5.6% of the Ethanol Industry.) Quote:
"Produce over 100 Million pounds of corn oil as a byproduct of the process. This has been a very advantageous investment for us."
SkunK
Tuesday, November 29, 2011
GPRE to Present
Green Plains to Present at the Baird 2011 Clean Technology Conference
OMAHA, Neb., Nov. 28, 2011 (GLOBE NEWSWIRE) -- Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) announced today that Jeff Briggs, Chief Operating Officer, will present at the Baird 2011 Clean Technology Conference in San Francisco on November 30, 2011.
Green Plains' presentation will take place at 11:00 a.m. ET and is available via webcast. Interested investors should utilize the following link to access the live broadcast of the presentation or follow a link from the Company's website at www.gpreinc.com. Please allow time to register for the event after you have navigated to the webcast link. Parties interested in listening to a replay of the presentation can use the same link as the live webcast: http://www.wsw.com/webcast/baird27/gpre/
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GPRE presentations have always been important since they are presently GreenShift's biggest customer. However their corn oil percentage increase from the 2Q to 3Q closely mirrored the percentage increase in GreenShift revenues over the same period. Therefore, their detailed numbers may be a good bellwether for GreenShift's 4Q revenues. I suspect that as GPRE's COES units mature and the easy de-bottlenecking is behind us, the GreenShift gowth percentage, with new units coming on line at least through the 2Q of 2012, will next year outpace that of GPRE's. {That is unless GPRE aggressively pursues Method II} But for the time being, the GPRE's numbers should be very helpful.
SkunK
OMAHA, Neb., Nov. 28, 2011 (GLOBE NEWSWIRE) -- Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) announced today that Jeff Briggs, Chief Operating Officer, will present at the Baird 2011 Clean Technology Conference in San Francisco on November 30, 2011.
Green Plains' presentation will take place at 11:00 a.m. ET and is available via webcast. Interested investors should utilize the following link to access the live broadcast of the presentation or follow a link from the Company's website at www.gpreinc.com. Please allow time to register for the event after you have navigated to the webcast link. Parties interested in listening to a replay of the presentation can use the same link as the live webcast: http://www.wsw.com/webcast/baird27/gpre/
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GPRE presentations have always been important since they are presently GreenShift's biggest customer. However their corn oil percentage increase from the 2Q to 3Q closely mirrored the percentage increase in GreenShift revenues over the same period. Therefore, their detailed numbers may be a good bellwether for GreenShift's 4Q revenues. I suspect that as GPRE's COES units mature and the easy de-bottlenecking is behind us, the GreenShift gowth percentage, with new units coming on line at least through the 2Q of 2012, will next year outpace that of GPRE's. {That is unless GPRE aggressively pursues Method II} But for the time being, the GPRE's numbers should be very helpful.
SkunK
Sunday, November 27, 2011
GERS Chart Day!
The Chart above highlights the tremendous growth in revenues in the last quarter. The part of the red bar that sticks above the blue bar is gross profit. If you click on these charts they should get big enough you don't have to squint.
Above you can see in the recent 3Q a dollar of revenue costs GERS about 68 cents. That is not our best - but better than over dollar a year ago.
Cash and Receivables make up a large part of total current assets. Note that although cash continues to rise - at a slower rate - Receivables jumped significantly in the 3Q.
Data Source HERE
Why put Revenues and Shares Outstanding in the same chart? Why not? Will revenues climb at a rate fast enough to offset a possible increase in shares outstanding? That's a question for you to answer. . .
GLTA Investors
SkunK
Saturday, November 26, 2011
ICM AOS Published
The SkunK recently gave you a heads up that the ICM AOS "patent pending" was due to be published. I now believe it was published on Thanksgiving Day - November 24, 2011.
BIO-OIL RECOVERY SYSTEMS AND METHODS
Like much of the additive competition - this appears to be an additive that is mixed in to break the oil free. What makes this a little different is the emulsion breaking additive is a polar protic solvent. That means ethanol or glycerol. I have read a few patent applications over the years but this one is a bit hard to follow. Not complex - hard to follow. I'll see if I can SkunK it down a bit:
It seems they heat the ethanol and mix it with the emulsion. The oil can then be recovered by gravity - Either by letting it set or centrifuge.
Here is some of the letters between USPTO and ICM found in the public PAIR:
USPTO 9 Page LETTER
Let me just show you two quotes that caught my eye - Please feel free to read the whole thing, it is interesting. Just remember that the ICM application has a total of 20 Claims
SkunK
I think quote in the application describes some of GreenShift's other additive competition:
"Other conventional methods may use surfactants, such as polysorbate 80, which can adulterate the resulting co-products, such as animal feed, such that these co-products are no longer acceptable under the Generally Regarded As Safe (GRAS) guideline."
BIO-OIL RECOVERY SYSTEMS AND METHODS
Like much of the additive competition - this appears to be an additive that is mixed in to break the oil free. What makes this a little different is the emulsion breaking additive is a polar protic solvent. That means ethanol or glycerol. I have read a few patent applications over the years but this one is a bit hard to follow. Not complex - hard to follow. I'll see if I can SkunK it down a bit:
It seems they heat the ethanol and mix it with the emulsion. The oil can then be recovered by gravity - Either by letting it set or centrifuge.
Here is some of the letters between USPTO and ICM found in the public PAIR:
USPTO 9 Page LETTER
Let me just show you two quotes that caught my eye - Please feel free to read the whole thing, it is interesting. Just remember that the ICM application has a total of 20 Claims
SkunK
I think quote in the application describes some of GreenShift's other additive competition:
"Other conventional methods may use surfactants, such as polysorbate 80, which can adulterate the resulting co-products, such as animal feed, such that these co-products are no longer acceptable under the Generally Regarded As Safe (GRAS) guideline."
Thursday, November 24, 2011
From the 1620's SkunK Archives
Ye Overseas Colonies Doing Well. Although these Pilgrims recently experienced a slight to moderate case of drought and famine, they now appears, to those with foresight, to be a good long term investment. Ye ol' SkunK predicts they likely will become among ye greatest nations to have ever been blessed on this earth. Although I sees occasional tribulations along ye future road, many blessings to those who invest here with prudence. SkunK long range predictions include a single nation of over some three-hundred millions of free souls, spreading out from this Atlantic Sea - to wherever the next unnamed Ocean beings. Courage and stout resolve may be required to hold the reins steady into the tempering head winds of providence. (See mine disclaimers far below)Bill Bradford, [SkunK News Network (SNN) reporter] files this on site report of preparations for a 1621 feast of plenty:
"They began now to gather in the small harvest they had, and to fit up their houses and dwellings against winter, being all well recovered in health and strength and had all things in good plenty. For as some were thus employed in affairs abroad, others were exercised in fishing, about cod and bass and other fish, of which they took good store, of which every family had their portion. All the summer there was no want; and now began to come in store of fowl, as winter approached, of which this place did abound when they came first (but afterward decreased by degrees). And besides waterfowl there was great store of wild turkeys, of which they took many, besides venison, etc. Besides, they had about a peck a meal a week to a person, or now since harvest, Indian corn to the proportion. Which made many afterwards write so largely of their plenty here to their friends in England, which were not feigned but true reports."
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Happy Thanksgiving to you and yours
SkunK
PS The Pilgrims held an even greater Thanksgiving celebration in 1623, after a switch from communal farming to privatized farming, a fast, and a refreshing 14-day rain resulted in a larger harvest.
Wednesday, November 23, 2011
Little Things that may be HUGE
Notwithstanding the impact of new license agreements that we may enter into or fluctuation in the market price for corn oil, we expect that our quarterly results of operations will continue to improve sequentially at least until the second quarter of 2012 as all of our existing licensees commence and achieve full production. ["will continue to improve sequentially" is some of the most important language in the report - for me. Note however that they speak of "quarterly results of operations" - not net income. The reason is below.]
We expect to continue incurring substantial costs in connection with our ongoing litigation for infringement of our patented corn oil extraction technologies. These costs have increased during the second half of 2011 and are expected to continue to increase into 2012 in advance of trial, and as we expand our litigation to protect the competitive advantage of our licensees by prosecuting additional producers and other parties infringing our patents. [I believe that the payment due to the main patent firm is a type of contingency based on the results of the litigation. However, I would also guess that GreenShift covers out of pocket expenses such as travel, per-diem etc. They might also have a more conventional payment setup with all the associated firms working with the main patent firm. Experts in various fields will be brought in for disposition and trial to support the GreenShift case. The real cost of flying someone to Kansas to subpoena the CEO of ICM would also be included. Together these are the "Professional fees" that will be a significant cost moving forward and appear to be a GreenShift responsibility. To restate: I would guess that yes - the Patent Firm is on a contingency, however they are ponying up (or is it poneing?) with their labor. Their out of pocket expenses, the peripheral lawyer fees and services and experts are professional fees - and are a GreenShift responsibility. The patent firm is risking the cost of their labor, however they are not a financing outfit - so cash expenses remain a GreenShift responsibility]
". . . as we expand our litigation to protect the competitive advantage of our licensees by prosecuting additional producers and other parties infringing our patents." [This aggressive language is used twice in the 3Q - and never in the 2Q. This is as close as I could find in the 2Q - which does not flash the immediacy:
"The Company intends to take all necessary steps to bring infringement of its patents to an end, including filing additional lawsuits involving any and all infringing use of the Company’s patents."
This tells me that more litigation is on the way - but more importantly - confirms (to me) that decision makers at GreenShift and the Patent Firm share at least some of the Post-Markman confidence I have come to enjoy. :~)]
SkunK
Fixed Debt Service
I wanted to address the fixed debt service by looking over the last three years 3Qs. Just looking at the first one - this year - one may feel a bit of concern. Sure we are making money, but how do we pay off $32M by the end of next year? Fair enough. But now look at the two previous years? One would likely choose our present circumstances over the previous years - and still somehow - we made it through those previous years and are still standing tall.
What happened? One can see from last years (2010) 3Q that the $41M originally due this year (2011) was pushed out to next year (2012). Some $17M of the total was paid off and much of what was due in 2011 - is now due in 2012. Since this took place over the last couple years I would be surprised if - working with our creditors - it does not happen again. That is unless the books are to a point that more conventional financing can finish off the rest of the debt. The thing about steady and increasing profits - are they are just the thing to service a conventional debt.
3Q 2011
The following chart is presented to assist the reader in analyzing the Company’s ability to fulfill its fixed debt service requirements (net of note discounts) as of September 30, 2011 and the Company’s ability to meet such obligations:
2011 1,806,322
2012 30,621,973
Total minimum payments due under current and long term obligations $32,428,295
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3Q 2010
The following chart is presented to assist the reader in analyzing the Company’s ability to fulfill its fixed debt service requirements (net of note discounts) as of September 30, 2010 and the Company’s ability to meet such obligations:
2010 $7,077,489
2011 $41,425,518
2012 $39,088
2013 $39088
2014 $39088
2015 and thereafter $474,841
Total minimum payments due under current and long term obligations $49,095,112
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3Q 2009
The following chart is presented to assist the reader in analyzing the Company's ability to fulfill its fixed debt service requirements (net of note discounts) of as of September 30, 2009 and the Company's ability to meet such obligations:
2009 $26,749,698
2010 $6,013,638
2011 $8,483,466
2012 $377,250
2013 and thereafter $173,902
Total minimum payments due under current and long term obligations $41,797,953
SkunK
What happened? One can see from last years (2010) 3Q that the $41M originally due this year (2011) was pushed out to next year (2012). Some $17M of the total was paid off and much of what was due in 2011 - is now due in 2012. Since this took place over the last couple years I would be surprised if - working with our creditors - it does not happen again. That is unless the books are to a point that more conventional financing can finish off the rest of the debt. The thing about steady and increasing profits - are they are just the thing to service a conventional debt.
3Q 2011
The following chart is presented to assist the reader in analyzing the Company’s ability to fulfill its fixed debt service requirements (net of note discounts) as of September 30, 2011 and the Company’s ability to meet such obligations:
2011 1,806,322
2012 30,621,973
Total minimum payments due under current and long term obligations $32,428,295
************************************************************
3Q 2010
The following chart is presented to assist the reader in analyzing the Company’s ability to fulfill its fixed debt service requirements (net of note discounts) as of September 30, 2010 and the Company’s ability to meet such obligations:
2010 $7,077,489
2011 $41,425,518
2012 $39,088
2013 $39088
2014 $39088
2015 and thereafter $474,841
Total minimum payments due under current and long term obligations $49,095,112
*****************************************
3Q 2009
The following chart is presented to assist the reader in analyzing the Company's ability to fulfill its fixed debt service requirements (net of note discounts) of as of September 30, 2009 and the Company's ability to meet such obligations:
2009 $26,749,698
2010 $6,013,638
2011 $8,483,466
2012 $377,250
2013 and thereafter $173,902
Total minimum payments due under current and long term obligations $41,797,953
SkunK
GSEN - No Basis
NEW YORK, Nov 22, 2011 (BUSINESS WIRE) -- GS EnviroServices, Inc. (otcqb:GSEN) today announced that it is aware of no basis for the recent increase in the trading volume of the Company's common stock.
SEE HERE
SkunK
Note the info at the bottom:
For GS EnviroServices, Inc.
GreenShift Corporation
Mary J. Carroll
Vice President Administration
SEE HERE
SkunK
Note the info at the bottom:
For GS EnviroServices, Inc.
GreenShift Corporation
Mary J. Carroll
Vice President Administration
Tuesday, November 22, 2011
On September 30, 2011, the Company’s chairman waived $411,061 in deferred salaries due from prior years, $138,001 in unreimbursed expenses, and $112,020 previously assigned to an employee of the Company. Various other related party employees waived an aggregate of $133,101 in deferred compensation from prior years, and one former employee (a family member of the Company’s chairman) agreed to accept payment of $92,337 in deferred salaries due from prior years in the form of restricted Company common stock at $0.11 per share. [Payment in stock at high end of today's market price - that is new] These transactions collectively reduced the Company’s liabilities by about $2.4 million at September 30, 2011. [I believe this real contribution is listed as "Gain (loss) on extinguishment of debt" - $2,204,238 under "Other Income" I think about another 200K was saved in future interest due to eliminating that debt and that is how we get to "about 2.4 million at Sept 30, 2011".]
P23
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These benefits correspond to increased ethanol producer income ranging from about $0.08 to more than $0.20 per gallon of ethanol produced, depending on the extent to which the producer uses our patented and patent-pending extraction technologies, and ethanol producer paybacks of less than 1 year at current market prices. [With that kind of payback for a one year return on investment - No wonder the market penetration estimates keep going up for corn oil extraction. Full market penetration of Method I in the next 2-3 years will be the economic reality in my humble estimation.] No technologies have been developed, commercialized and made available to corn ethanol producers in the history of the ethanol industry that begin to approach these results.
More than 15% of the ethanol industry has licensed our patented and patent-pending corn oil extraction technologies.
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SkunK
P23
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These benefits correspond to increased ethanol producer income ranging from about $0.08 to more than $0.20 per gallon of ethanol produced, depending on the extent to which the producer uses our patented and patent-pending extraction technologies, and ethanol producer paybacks of less than 1 year at current market prices. [With that kind of payback for a one year return on investment - No wonder the market penetration estimates keep going up for corn oil extraction. Full market penetration of Method I in the next 2-3 years will be the economic reality in my humble estimation.] No technologies have been developed, commercialized and made available to corn ethanol producers in the history of the ethanol industry that begin to approach these results.
More than 15% of the ethanol industry has licensed our patented and patent-pending corn oil extraction technologies.
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SkunK
3Q! Profit, Sweeeeeet Profit
Plan of Operations
Our business continues to improve. We won significant new business during 2011, increasing licensed penetration to more than 15% of the industry and more than doubling the amount of production licensed to use our extraction technologies from 1.0 billion gallons per year (“BGY”) at the end of 2010 to more than 2.0 BGY of ethanol production today.
We were awarded contracts to design, build and install extraction systems for our licensees after extensive due diligence and third party review, including a state of the art new corn oil recovery facility for Sunoco, Inc. We received two new patents during 2011 that we believe substantially strengthen our issued patents and ability to protect the competitive advantage of our licensees. We expanded our technology portfolio by filing new patent applications and pressing forward with new technologies [interesting, but is it Method II? Or III? or "event-driven systems integration" - what?] designed to further enhance the profitability of our licensees. We reduced our debt to YA Global and its affiliates by about $7 million to about $26 million, down about 21% from the balance due at the start of 2011. We produced about $2.1 million in operating income during the nine months ended September 30, 2011 (excluding the impact of one-time performance bonuses), up from the $4.3 million in operating losses incurred during the first three quarters of 2010. And, we generated about $150,000 in net income during the third quarter of 2011 [Note: net income from just corn oil was $150,000 for 3Q] excluding about $2.5 million in non-recurring other income resulting from our reduction and elimination of liabilities during the quarter.
P. 26
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In addition, future results may be improved by the impact of event-driven systems integration contracts as we have recently experienced a significant increase in interest for our engineering and other services in connection with the design, construction, integration and modification of corn oil extraction systems and other new systems for existing and prospective licensees. [What is event-driven systems integration? It is used three times in the 3Q - twice in the 2Q - should we associate it with the "new technologies" discussed above???]
SkunK
So much here in this 3Q I will take a chunk at a time. My comments until further notice will be tru-blue and bold. I just checked pacer, no litigation update.
I cannot find the post, but if memory serves, Slash predicted like $6M in revs on one of the boards? If he did - congrats.
Our business continues to improve. We won significant new business during 2011, increasing licensed penetration to more than 15% of the industry and more than doubling the amount of production licensed to use our extraction technologies from 1.0 billion gallons per year (“BGY”) at the end of 2010 to more than 2.0 BGY of ethanol production today.
We were awarded contracts to design, build and install extraction systems for our licensees after extensive due diligence and third party review, including a state of the art new corn oil recovery facility for Sunoco, Inc. We received two new patents during 2011 that we believe substantially strengthen our issued patents and ability to protect the competitive advantage of our licensees. We expanded our technology portfolio by filing new patent applications and pressing forward with new technologies [interesting, but is it Method II? Or III? or "event-driven systems integration" - what?] designed to further enhance the profitability of our licensees. We reduced our debt to YA Global and its affiliates by about $7 million to about $26 million, down about 21% from the balance due at the start of 2011. We produced about $2.1 million in operating income during the nine months ended September 30, 2011 (excluding the impact of one-time performance bonuses), up from the $4.3 million in operating losses incurred during the first three quarters of 2010. And, we generated about $150,000 in net income during the third quarter of 2011 [Note: net income from just corn oil was $150,000 for 3Q] excluding about $2.5 million in non-recurring other income resulting from our reduction and elimination of liabilities during the quarter.
P. 26
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In addition, future results may be improved by the impact of event-driven systems integration contracts as we have recently experienced a significant increase in interest for our engineering and other services in connection with the design, construction, integration and modification of corn oil extraction systems and other new systems for existing and prospective licensees. [What is event-driven systems integration? It is used three times in the 3Q - twice in the 2Q - should we associate it with the "new technologies" discussed above???]
SkunK
So much here in this 3Q I will take a chunk at a time. My comments until further notice will be tru-blue and bold. I just checked pacer, no litigation update.
I cannot find the post, but if memory serves, Slash predicted like $6M in revs on one of the boards? If he did - congrats.
Monday, November 21, 2011
Wait'n
As we are waiting for the 3Q, just a reminder that the average date of release for the GreenShift 3Q over the last three years is November 21st. So today would be an average release date. I will be off the grid for the rest of the day - starting in a few minutes - so don't worry - I did not fall asleep with my chin on the space key - this time.
Good Luck to all Investors,
SkunK
Good Luck to all Investors,
I'll expect to have some 3Q comments tomorrow . . .
Sunday, November 20, 2011
Positive Movement on Possible 5th COES Patent
I recently projected (guessed) that GreenShift Patent Application 20080110577 "Method and systems for enhancing oil recovery from ethanol production byproducts" might be the next - the 5th GreenShift COES patent. Recent correspondence on the USPTO public pair suggests we have some positive movement. It seems that we are down to working on details over the phone with the examiner and it seems that portions of the Application are set to be allowed. I would think it may take a while for the entire application to be allowed - but it seems we are moving along in the right direction.
See Here
SkunK
See Here
SkunK
Saturday, November 19, 2011
Common Stock Outstanding
As of May 12, 2011, there were 11,652,841,863 shares of common stock outstanding. FORM 10-Q (1Q)
As of March 30, 2011, there were 15,234,104,393 shares of common stock outstanding. (10K/A)
As of March 30, 2011, there were 15,234,104,393 shares of common stock outstanding. (10K/A)
As of March 30, 2011, there were 15,234,104,393 shares of common stock outstanding. (10K)
GreenShift has reported to the SEC its shares outstanding four times in calender year 2010. I copy/pasted the numbers from the filings in sequence of the "As of" dates - as well as the link. One may notice that the highest number of shares outstanding was in March with a significant drop into May. The number went up again in August, but was still below the March 30th high. Whether or not significant dilution has taken place is important to shareholders. Standing in August - if you look back to May the answer is yes. If you look further back to March the answer is no. An even longer time frame might give us another yes. When we get the new numbers (on Monday?) we will see where we officially stand - but remember the time-frame is important when comparing shares outstanding. In my opinion - if significant dilution is taking place this year - then the OS will have to be reported significantly above the 15.234M shares (postR/S) reported in March of 2011.
SkunK
Here are the recent dates we got the 3Q.
2011 - Nov 21?
2010 - Nov 22
2009 - Nov 23
2008 - Nov 19
Friday, November 18, 2011
NEW GreenShift COES Patent App Puplished
Notice the 17 November 2011 publishing date in the upper right corner. This was filed in May and includes David Cantrell as first inventer, and GS CLEANTECH CORPORATION as assignee.
This is one of many GERS related patents and patents pending named:
"Methods Of Processing Ethanol Byproducts And Related Subsystems"
See Here
SkunK
This is one of many GERS related patents and patents pending named:
"Methods Of Processing Ethanol Byproducts And Related Subsystems"
See Here
SkunK
Thursday, November 17, 2011
Ashland Update
Ashland Water Technologies, a commercial unit of Ashland Inc., has developed two new corn oil extraction aids, which will provide ethanol producers with more options for increasing their corn oil yields, the company reported November 15.
SEE HERE
SkunK
SEE HERE
SkunK
Tuesday, November 15, 2011
BioFuel Energy 10-Q
During 2011, the Company has been exploring the possibility of producing corn oil as an additional co-product at each of its two facilities. This would require the installation of corn oil extraction systems at each ethanol plant. On October 28, 2011, the Company’s Operating Subsidiaries received funding under an operating lease each Operating Subsidiary entered into with Farnam Street Financial, Inc. These operating leases will provide the funding to pay for most of the costs of installing the corn oil extraction systems that each Operating Subsidiary is in the process of installing in its respective plant. The Company expects to begin generating revenues from corn oil sales beginning no later than the first quarter of 2012.
See Here
BioFuel Energy has already reported their results - the actual official detailed filing was today.
This company is a self-reported GreenShift Customer - from their previous conference call.
SkunK
See Here
BioFuel Energy has already reported their results - the actual official detailed filing was today.
This company is a self-reported GreenShift Customer - from their previous conference call.
SkunK
Ruling on Motion to Seal
"CleanTech’s motion to seal . . . is GRANTED IN PART AND DENIED IN PART . . ."
SEE HERE
SkunK
I hate to jinx it by saying it out loud, but it seems the Court rulings generally (meaning with minor exceptions) over the last month or more - are being signed on Mondays and then posted on Tuesdays. This one is dated the 14th and posted today.
SEE HERE
SkunK
I hate to jinx it by saying it out loud, but it seems the Court rulings generally (meaning with minor exceptions) over the last month or more - are being signed on Mondays and then posted on Tuesdays. This one is dated the 14th and posted today.
Notification of Late Filing
". . , will be filed on or before the fifth calendar day following the prescribed due date."
See Here
SkunK
See Here
SkunK
Sunday, November 13, 2011
ICM's New Patent Pending
As of 3 November 2011 ICM has a new patent pending published called "ROTARY TORREFACTION REACTOR" HERE
The SkunK has been on the look out for the publishing of the "patent pending" ICM AOS system. As you may be familiar there is a normal time period where the patent has been submitted but not yet published - and it appears we are in that period now since I can find no record yet of the AOS system. ICM announced the submission of their application on May 17. When one does a search using "ICM, Inc" as "assignee name" in a patent application search they find these 5 applications, none of which seems to be the AOS - yet.
Importantly, the patent application ROTARY TORREFACTION REACTOR, described below was filed two weeks (3 May) before the AOS application was announced - and here it is already published. Therefore we should expect to see the publishing of the AOS patent pending system in the next few weeks - unless of course they run into some problems . . .
Here is the best summary I could find on what this thing does, links to concepts below:
"The reactor, along with the network of conduit 175, rotates on its horizontal axis. Biomass introduced into the interior of the reactor comes into contact with the conduits while being tumbled. The tumbling action, and the slight pitch of the axis, carries the biomass through the length of the reactor while roasting the biomass at controlled temperature, and upon discharge from the reactor, the biomass material has become torrefied."
TORREFACTION
Pyrolysis
SkunK
Could the "biomass" used here be DDGs?? Certainly, but that does not seem to be the focus. DDGs are now a valuable feedstock with a worldwide market and are now far from the original "waste" product they were considered to be at the very start of the industry.
PS. Remember not so long ago when silly arguments were being made by seemingly serious people that GreenShift COES used centrifuge technology over a hundred years old and was therefore obvious and unpatentable????? (Haven't heard it lately!) Well, the device above seems to be just a combination of simple machines in common usage since the middle ages. Heat has been used as a process catalyst since the stone age. For some reason I do not hear the same line of logic applied. lol
PSS Just so you know I'm not blow'n smoke Here is an example of the argument (p.1) to which I refer in the PS above:
"Westfalia has been developing, manufacturing, and delivering products used for mechanically separating liquids or liquids and solids, including several different types of centrifuges, since 1893. Westfalia centrifuges are used in a wide variety of industries to separate oil from other liquids. For decades, these machines have been operating in processes substantially identical to that claimed in the ‘858 Patent. Consequently, CleanTech’s purportedly novel oil extraction technology has been known and used for decades."
Since this argument has now seemingly all but disappeared from the filings, PRs and in the comment sections, I tend to think it may have just been directed towards potential [or to stiffen the resolve of weak-kneed current] customers, rather than a serious legal argument.
The SkunK has been on the look out for the publishing of the "patent pending" ICM AOS system. As you may be familiar there is a normal time period where the patent has been submitted but not yet published - and it appears we are in that period now since I can find no record yet of the AOS system. ICM announced the submission of their application on May 17. When one does a search using "ICM, Inc" as "assignee name" in a patent application search they find these 5 applications, none of which seems to be the AOS - yet.
Importantly, the patent application ROTARY TORREFACTION REACTOR, described below was filed two weeks (3 May) before the AOS application was announced - and here it is already published. Therefore we should expect to see the publishing of the AOS patent pending system in the next few weeks - unless of course they run into some problems . . .
Here is the best summary I could find on what this thing does, links to concepts below:
"The reactor, along with the network of conduit 175, rotates on its horizontal axis. Biomass introduced into the interior of the reactor comes into contact with the conduits while being tumbled. The tumbling action, and the slight pitch of the axis, carries the biomass through the length of the reactor while roasting the biomass at controlled temperature, and upon discharge from the reactor, the biomass material has become torrefied."
TORREFACTION
Pyrolysis
SkunK
Could the "biomass" used here be DDGs?? Certainly, but that does not seem to be the focus. DDGs are now a valuable feedstock with a worldwide market and are now far from the original "waste" product they were considered to be at the very start of the industry.
PS. Remember not so long ago when silly arguments were being made by seemingly serious people that GreenShift COES used centrifuge technology over a hundred years old and was therefore obvious and unpatentable????? (Haven't heard it lately!) Well, the device above seems to be just a combination of simple machines in common usage since the middle ages. Heat has been used as a process catalyst since the stone age. For some reason I do not hear the same line of logic applied. lol
PSS Just so you know I'm not blow'n smoke Here is an example of the argument (p.1) to which I refer in the PS above:
"Westfalia has been developing, manufacturing, and delivering products used for mechanically separating liquids or liquids and solids, including several different types of centrifuges, since 1893. Westfalia centrifuges are used in a wide variety of industries to separate oil from other liquids. For decades, these machines have been operating in processes substantially identical to that claimed in the ‘858 Patent. Consequently, CleanTech’s purportedly novel oil extraction technology has been known and used for decades."
Since this argument has now seemingly all but disappeared from the filings, PRs and in the comment sections, I tend to think it may have just been directed towards potential [or to stiffen the resolve of weak-kneed current] customers, rather than a serious legal argument.
Saturday, November 12, 2011
3Q Revenues
I took the poll results and assigned a number to each selection between the top and bottom number. For example I assigned $4.5M to the most popular selection - $4-$5M. For "$6M or more" I assigned 6.5M. For "$2M or less" I assigned $1.5M. For BK I assigned zero. I then multiplied each by the percentage earned, added it together and divided by 96. (Due to rounding errors the percentages only added up to 96)
Are two heads better than one? Well then 140 heads should be spot on - right? In any case our combined revenues prediction for the 3Q is $4,473,958
Up over 40% in one quarter? Well we will soon see how close we came.
SkunK
Are two heads better than one? Well then 140 heads should be spot on - right? In any case our combined revenues prediction for the 3Q is $4,473,958
Up over 40% in one quarter? Well we will soon see how close we came.
SkunK
GreenShift Filing
New GreenShift filing to make motion under seal - to keep medical issues private.
". . . CleanTech Corporation (“CleanTech”) respectfully moves this Court for leave to file its Motion to Stay Time to Review Deposition and Serve Errata Sheet under seal. This motion contains confidential medical information and therefore, should not be made public."
SEE HERE
SkunK
". . . CleanTech Corporation (“CleanTech”) respectfully moves this Court for leave to file its Motion to Stay Time to Review Deposition and Serve Errata Sheet under seal. This motion contains confidential medical information and therefore, should not be made public."
SEE HERE
SkunK
Friday, November 11, 2011
GERS Scheduled Ex-Dividend?
UPDATE
This so called "dividend" below may be sourced only by the computer generated article below. Good post by the moderator, Olie77 at I-hub here. I was starting to wonder why no GERS filing of a dividend at the SEC? Did the SkunK get "punk'd" by a computer bot? Oh well . . . :~) starting to look like I did.
Thu, Nov 10, 2011 08:00 – Greenshift Corp. (GERS: OTC Link/FINRA BB) – Scheduled Ex-Dividend – Greenshift Corp. has announced a dividend ex-date for (GERS: OTC Link/FINRA BB). Greenshift Corp. is scheduled to disburse a Reverse Split dividend of 0.001 shares on Fri, Nov 11, 2011 to shareholders of GERS. You may find a complete list of dividends at otcmarkets.com.
SEE HERE
SkunK
GreenShift has obviously held the reverse split until just before the 3Q. Judging by the great news we have been tracking for days and weeks concerning first the litigation (Prevost, Markman, defendants sanctioned) and large production of our major customers (GPRE, BioFuels) we should expect great news in our 3Q as well. (I expect our 3Q soon, it may well be Monday or even Tuesday to give the R/S a chance to work out the bugs and the old adage of Good News at the start of the week is likely to play here.) Why not have the R/S AND the 3Q on the same day? Splits always mean at least a day of chaos as accounts are updated throughout the day. Expect a 'loss of focus' as shareholders find their accounts frozen, then unfrozen as the change works its way through the system.
No matter how much heads up we had and no matter how many times they have gone through it, expect the r/s to traumatize some. Expect to hear "I used to have "a hundred one dollar bills" and now all I have is "a hundred dollar bill"". Expect it and be glad they did not put out the 3Q at exactly the same time.
This so called "dividend" below may be sourced only by the computer generated article below. Good post by the moderator, Olie77 at I-hub here. I was starting to wonder why no GERS filing of a dividend at the SEC? Did the SkunK get "punk'd" by a computer bot? Oh well . . . :~) starting to look like I did.
Thu, Nov 10, 2011 08:00 – Greenshift Corp. (GERS: OTC Link/FINRA BB) – Scheduled Ex-Dividend – Greenshift Corp. has announced a dividend ex-date for (GERS: OTC Link/FINRA BB). Greenshift Corp. is scheduled to disburse a Reverse Split dividend of 0.001 shares on Fri, Nov 11, 2011 to shareholders of GERS. You may find a complete list of dividends at otcmarkets.com.
SEE HERE
SkunK
GreenShift has obviously held the reverse split until just before the 3Q. Judging by the great news we have been tracking for days and weeks concerning first the litigation (Prevost, Markman, defendants sanctioned) and large production of our major customers (GPRE, BioFuels) we should expect great news in our 3Q as well. (I expect our 3Q soon, it may well be Monday or even Tuesday to give the R/S a chance to work out the bugs and the old adage of Good News at the start of the week is likely to play here.) Why not have the R/S AND the 3Q on the same day? Splits always mean at least a day of chaos as accounts are updated throughout the day. Expect a 'loss of focus' as shareholders find their accounts frozen, then unfrozen as the change works its way through the system.
No matter how much heads up we had and no matter how many times they have gone through it, expect the r/s to traumatize some. Expect to hear "I used to have "a hundred one dollar bills" and now all I have is "a hundred dollar bill"". Expect it and be glad they did not put out the 3Q at exactly the same time.
Thursday, November 10, 2011
$18 Million Jury Verdict in Biofuels Enzyme Patent Suit
See all at link below. Also note this GreenShift reference in second to last paragraph:
"Biofuels patent litigation has been heating up recently. GreenShift has been the most active, asserting an ethanol processing patent against a host of ethanol producers in eleven cases consolidated in Indiana."
SEE HERE
SkunK
Thanks to Selfactualize on I-hub Post here
Thanks to Slash for his Yahoo post here
"Biofuels patent litigation has been heating up recently. GreenShift has been the most active, asserting an ethanol processing patent against a host of ethanol producers in eleven cases consolidated in Indiana."
SEE HERE
SkunK
Thanks to Selfactualize on I-hub Post here
Thanks to Slash for his Yahoo post here
8K
Effective at close of business on September 9, 2011, GreenShift Corporation (the “Company”) filed with the Secretary of State of the State of Delaware a certificate of amendment to the Company’s certificate of incorporation to give effect to a 1-for-1000 reverse stock split. The Company’s common stock will begin trading on a post-reverse split basis on November 11, 2011. The post-reverse split common stock will be listed under the symbol “GERSD” for twenty business days, then will revert to “GERS.”
See Here
SkunK
Acceptance time for SEC was 20111110141339. Or 2:13 P.M. EST. Looks like I checked it just after that and got it posted seven minutes later (I work CST no matter where I am).
I expect 3Q soon.
See Here
SkunK
Acceptance time for SEC was 20111110141339. Or 2:13 P.M. EST. Looks like I checked it just after that and got it posted seven minutes later (I work CST no matter where I am).
I expect 3Q soon.
Wednesday, November 9, 2011
BioFuel Energy Reports 3Q
"We also successfully executed on planned improvements during our fall shutdowns and are on track to have corn oil extraction on-stream at our facilities by the end of the year."
SEE HERE
Company Press Release (thanks to slash for link)
SkunK
This company is a self-reported GreenShift Customer - from their last conference call.
SEE HERE
Company Press Release (thanks to slash for link)
SkunK
This company is a self-reported GreenShift Customer - from their last conference call.
United Ethanol November Newsletter
"The weak U.S. dollar and resulting foreign demand have enabled the blenders and exporters of ethanol and corn oil to continue aggressive buying practices."
"This representative suggested a pH adjustment to our syrup which has added production to our corn oil extraction system. It was a relatively easy process change, we did a little research to prove the theory and then implemented the process change during our fall shut down. This is one of many changes that will add revenue to United Ethanol long term."
“We’ve also installed an automated valve on our corn-oil extraction system unit with the intention of helping us capture more efficiencies. A new product is being tested as an emulsion breaker to replace
what we’re currently using in corn oil recovery. Estimated savings from this alteration is $4,000 per month."
See Here
SkunK
Wild Speculation:
"We recently installed a controlled cavitation unit on a trial basis to see if it will provide production benefits. This unit is supposed to optimize particle size of the corn before fermentation, which should equate to additional yield. The trial will wrap up by the end of 2011, and we’ll have data to help us decide if this unit should be part of our production process long term."
GreenShift has a line of "Desiccation Cavitation Technology (page 8) HERE", but no word about Cavitation recently and no idea if this is related. GreenShift has the Tornado Generator that provides the Desiccation:
"GreenShift's patented Tornado Generator™ is a remarkable technology that accelerates compressed air to supersonic speeds to almost instantly grind, flash desiccate, atomize and homogenize solids and liquids into micron sized powders."
If you are one who likes to put together puzzles then you may want to see if this piece fits. "This unit is supposed to optimize particle size of the corn" may be a direct reference to the Tornado Generator's ability to produce "micron sized powders".
**************
Thanks to Slash for heads up on the Newsletter.
"This representative suggested a pH adjustment to our syrup which has added production to our corn oil extraction system. It was a relatively easy process change, we did a little research to prove the theory and then implemented the process change during our fall shut down. This is one of many changes that will add revenue to United Ethanol long term."
“We’ve also installed an automated valve on our corn-oil extraction system unit with the intention of helping us capture more efficiencies. A new product is being tested as an emulsion breaker to replace
what we’re currently using in corn oil recovery. Estimated savings from this alteration is $4,000 per month."
See Here
SkunK
"We recently installed a controlled cavitation unit on a trial basis to see if it will provide production benefits. This unit is supposed to optimize particle size of the corn before fermentation, which should equate to additional yield. The trial will wrap up by the end of 2011, and we’ll have data to help us decide if this unit should be part of our production process long term."
GreenShift has a line of "Desiccation Cavitation Technology (page 8) HERE", but no word about Cavitation recently and no idea if this is related. GreenShift has the Tornado Generator that provides the Desiccation:
"GreenShift's patented Tornado Generator™ is a remarkable technology that accelerates compressed air to supersonic speeds to almost instantly grind, flash desiccate, atomize and homogenize solids and liquids into micron sized powders."
If you are one who likes to put together puzzles then you may want to see if this piece fits. "This unit is supposed to optimize particle size of the corn" may be a direct reference to the Tornado Generator's ability to produce "micron sized powders".
**************
Thanks to Slash for heads up on the Newsletter.
Another Patent Pending
GreenShift has another patent pending concerning Method of Blending Fuels and Related System . This one was just published 29 September 2011 and now hit the USPTO site.
GreenShift has another related patent pending with the same name and related to this one here published on 1 January 2009. Nice to see the business of invention and their protection continues throughout the litigation and the COES build outs..
SkunK
GreenShift has another related patent pending with the same name and related to this one here published on 1 January 2009. Nice to see the business of invention and their protection continues throughout the litigation and the COES build outs..
SkunK
Tuesday, November 8, 2011
Defendants Sanctioned, Defendants Pay
Reposted with New Prequel
In this blog HERE SkunK goes gonzo about defendant bush league tactics holding back information during discovery. GreenShifts brief is here. The long ruling today (below) has the Judge come to much the same conclusion using (to state the obvious) a much finer usage of the Queen's English. "Sanctions" (More than a penalty flag for offensive holding - this is like a fine from the NFL Commissioner's office!) were also given to defendants - there is no way defendants can twist what THAT means - cause they have to sign a check. Under "Analysis", Judge says both sides agree that these Cantrell documents are important and may be central to the case. That is a confirmation for me that the argument has moved past Prevost - the former "key" defendant argument. Now it has basically moved on to invalidity due to breaking the one year limit on offer to sell. Although we have not seen the GreenShift argument - GreenShift has denied that the documents are relevant to the patents. From that the SkunK assumes the GreenShift major argument will be that GreenShift did not have anything ready for patent and the whole purpose of going to an Ethanol plant was to experiment and develop a final system. This is a standard major exemption for the one year rule. Defendant's documents seem to prove the SkunK's case (I'll call it the SkunK's case since I made it - I would expect GreenShift lawyers to make it a lot better at the right time.) with the word "test/testing" in nearly every written sentence. Appearing some 45 times in a few documents that the "defendants" offered.
*****************
*****************
Although the court has not granted CleanTech all the relief it sought and has found counsel’s instruction not to answer improper, it has vindicated CleanTech’s position that the defendants improperly withheld critical documents on baseless grounds. That conduct triggered all the disputes now before the court.
The court awards CleanTech, and against the defendants jointly and severally except for Adkins Energy, one-half its reasonable fees in drafting the motion for protective order, the brief in support, and supporting declaration. CleanTech shall submit a statement of those fees (with supporting documentation) to the defendants within 14 days of this order. The defendants (except for Adkins Energy) shall, within 21 days thereafter, either pay those fees or file with the court an objection to CleanTech’s fees that demonstrates why the fees are unreasonable in whole or in part. CleanTech’s response and any reply by the defendants shall be filed according to Local Rule 7.1. The court expects the parties to use the defendants’ 21-day period to negotiate in good faith over any dispute about the amount of the fees in an effort to avoid the need for the court’s intervention.
Long order, Great Reading HERE
SkunK
Prevost slammed down, ambush fought through; The defendants now have the checkbook open. Still a ways to go, but justice slow, justice sure . . .
********
Dig this one, check out the 1st footnote. Can you even see left field from that footnote? Why do I hear twilight zone music in the background?
*************
Finally See Here
In this blog HERE SkunK goes gonzo about defendant bush league tactics holding back information during discovery. GreenShifts brief is here. The long ruling today (below) has the Judge come to much the same conclusion using (to state the obvious) a much finer usage of the Queen's English. "Sanctions" (More than a penalty flag for offensive holding - this is like a fine from the NFL Commissioner's office!) were also given to defendants - there is no way defendants can twist what THAT means - cause they have to sign a check. Under "Analysis", Judge says both sides agree that these Cantrell documents are important and may be central to the case. That is a confirmation for me that the argument has moved past Prevost - the former "key" defendant argument. Now it has basically moved on to invalidity due to breaking the one year limit on offer to sell. Although we have not seen the GreenShift argument - GreenShift has denied that the documents are relevant to the patents. From that the SkunK assumes the GreenShift major argument will be that GreenShift did not have anything ready for patent and the whole purpose of going to an Ethanol plant was to experiment and develop a final system. This is a standard major exemption for the one year rule. Defendant's documents seem to prove the SkunK's case (I'll call it the SkunK's case since I made it - I would expect GreenShift lawyers to make it a lot better at the right time.) with the word "test/testing" in nearly every written sentence. Appearing some 45 times in a few documents that the "defendants" offered.
*****************
*****************
Although the court has not granted CleanTech all the relief it sought and has found counsel’s instruction not to answer improper, it has vindicated CleanTech’s position that the defendants improperly withheld critical documents on baseless grounds. That conduct triggered all the disputes now before the court.
The court awards CleanTech, and against the defendants jointly and severally except for Adkins Energy, one-half its reasonable fees in drafting the motion for protective order, the brief in support, and supporting declaration. CleanTech shall submit a statement of those fees (with supporting documentation) to the defendants within 14 days of this order. The defendants (except for Adkins Energy) shall, within 21 days thereafter, either pay those fees or file with the court an objection to CleanTech’s fees that demonstrates why the fees are unreasonable in whole or in part. CleanTech’s response and any reply by the defendants shall be filed according to Local Rule 7.1. The court expects the parties to use the defendants’ 21-day period to negotiate in good faith over any dispute about the amount of the fees in an effort to avoid the need for the court’s intervention.
Long order, Great Reading HERE
SkunK
Prevost slammed down, ambush fought through; The defendants now have the checkbook open. Still a ways to go, but justice slow, justice sure . . .
********
Dig this one, check out the 1st footnote. Can you even see left field from that footnote? Why do I hear twilight zone music in the background?
*************
Finally See Here
United Ethanol Moves on
In addition to producing ethanol for fuel, distiller’s grain for animal feed, and capturing carbon dioxide for use in the food processing and beverage industries, United Ethanol incorporated corn oil extraction in January, 2011. Corn oil from United Ethanol is shipped out for use in biodiesel production.
“By adding the carbon dioxide capturing process and corn oil extraction into ethanol operations at United Ethanol, we are providing more streams of income to the plant and making sure no part of the corn kernel goes to waste,” added Cramer. “We look forward to a bright future in Milton, Wis.”
See Here
SkunK
“By adding the carbon dioxide capturing process and corn oil extraction into ethanol operations at United Ethanol, we are providing more streams of income to the plant and making sure no part of the corn kernel goes to waste,” added Cramer. “We look forward to a bright future in Milton, Wis.”
See Here
SkunK
Monday, November 7, 2011
Corn, LP Up in 3Q
Thanks to slash for this find HERE
When major, multiple customers report great news in corn oil for their latest quarter it cannot help but fuel speculation about our own 3Q and the march to profitability. How far are we? We will soon find out.
SkunK
Been offline over the weekend and will also be the rest of the day . . .
Good Luck, things normally happen when I am away.
When major, multiple customers report great news in corn oil for their latest quarter it cannot help but fuel speculation about our own 3Q and the march to profitability. How far are we? We will soon find out.
SkunK
Been offline over the weekend and will also be the rest of the day . . .
Good Luck, things normally happen when I am away.
Friday, November 4, 2011
GRANTED IN PART
. . . now determines the motion should be GRANTED IN PART and DENIED IN PART. . .
see here
SkunK
This is an order in response to a previous sealed motion.
see here
SkunK
This is an order in response to a previous sealed motion.
Thursday, November 3, 2011
GreenShift Sales Department Alert!
Looks like NuGen is in the market for a corn oil extraction system! Just another free lead coutesy of the SkunK to the GreenShift Sales Department!
**********************
6.7 New Business or Investment.
CFC agrees to, and will cause NuGen to, not pursue new business or investment opportunities other than the ongoing NuGen projects relating to a grain conveyance system, potential amendments to the ethanol marketing agreement and investigation as to a corn oil extraction system. Any contracts entered into on such matters prior to Closing shall require REX’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, until (i) closing of the transactions contemplated by this Agreement or (ii) the Parties agree to terminate that certain letter agreement between them dated June 21, 2011.
Page 15 see here
*******************
On November 1, 2011, REX NuGen, LLC, a wholly owned subsidiary of REX American Resources Corporation ("REX") completed the acquisition of 51,051 Class A membership interest units of NuGen Energy, LLC ("NuGen") from Central Farmers Cooperative ("CFC") pursuant to a Unit Purchase Agreement dated July 25, 2011 (the "Unit Purchase Agreement") among REX and CFC, as extended and amended. The Class A Units purchased constitute a 51% voting interest and a 49.75% equity interest in NuGen (the "Purchased Units"). Following the purchase, REX owns all the outstanding Class A membership interest units in NuGen, representing a 100% voting interest and a 97.55% equity interest in NuGen. NuGen owns and operates an ethanol refinery and production facility with an annual nameplate capacity of 100 million gallons located in Marion, South Dakota.
REX NuGen LLC, a South Dakota limited liability company (“REX”)
and
Central Farmers Cooperative, a South Dakota Cooperative (“CFC”).
SkunK
**********************
6.7 New Business or Investment.
CFC agrees to, and will cause NuGen to, not pursue new business or investment opportunities other than the ongoing NuGen projects relating to a grain conveyance system, potential amendments to the ethanol marketing agreement and investigation as to a corn oil extraction system. Any contracts entered into on such matters prior to Closing shall require REX’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, until (i) closing of the transactions contemplated by this Agreement or (ii) the Parties agree to terminate that certain letter agreement between them dated June 21, 2011.
Page 15 see here
*******************
On November 1, 2011, REX NuGen, LLC, a wholly owned subsidiary of REX American Resources Corporation ("REX") completed the acquisition of 51,051 Class A membership interest units of NuGen Energy, LLC ("NuGen") from Central Farmers Cooperative ("CFC") pursuant to a Unit Purchase Agreement dated July 25, 2011 (the "Unit Purchase Agreement") among REX and CFC, as extended and amended. The Class A Units purchased constitute a 51% voting interest and a 49.75% equity interest in NuGen (the "Purchased Units"). Following the purchase, REX owns all the outstanding Class A membership interest units in NuGen, representing a 100% voting interest and a 97.55% equity interest in NuGen. NuGen owns and operates an ethanol refinery and production facility with an annual nameplate capacity of 100 million gallons located in Marion, South Dakota.
REX NuGen LLC, a South Dakota limited liability company (“REX”)
and
Central Farmers Cooperative, a South Dakota Cooperative (“CFC”).
SkunK
Wednesday, November 2, 2011
BioFuel Energy COES - Customer!
I'll put the correction up front. I had previously welcomed this company as a customer here. My apologies . . . GreenShift I believe has not officially stated this, but BIOF announced in their last conference call they plan to license with GreenShift. I generated my own transcript about the corn oil extraction from the conference call since I never found any published transcripts. No confirmation since that the deal has been actually signed, and that's why I did not include them as offical customers in the right hand column.
"Our plans are to license GreenShift technology as a platform for these systems."
*********************
Pearce went on to say that the Company remains operationally on track with several planned improvements, the most significant being implementing corn oil extraction at its plants.
BIOF is set to announce its third quarter 2011 results on November 9, 2011, after the closing bell.
source HERE
*********************
Original 1Nov SEC SOURCE HERE
Looks like the 2 COES are leased.
"Under the terms of the Operating Leases, the Project Subsidiaries may draw up to an aggregate of $7,850,000 to fund installation of the two COES. The remaining expense of installation will be borne by the Project Subsidiaries out of cash on hand. Under the terms of the Operating Leases, monthly payments will commence upon completion of installation, which the Company expects to occur by the end of the fourth quarter, and will continue for two (2) years. Upon expiration of the initial term, each of the Project Subsidiaries will have the option to either renew for a subsequent one (1) year term or purchase the COES at its then fair market value. Each of the Operating Leases is unconditionally guaranteed by BFE Energy Corp. (referred to herein as the “Company”)."
Note: BioFuel Energy LLC is (“BFE Energy”)
********************
Here is the actual lease. The local bank - FARNAM STREET FINANCIAL - is gonna lease these COES to the plant.
SUPPLIER OF EQUIPMENT
To be determined
In the lease, the COES consist of "Westphalia Centerfuges", but in the most recent conference call they said they plan to license with GreenShift.
Biofuel Energy Corp. has in the past had trouble making a profit (margins are improving) and recently its weak stock price got it booted from Nasdaq Global Market to the Nasdaq Capital Market.. Over the past 52 weeks, the stock has reached a low of $0.15 and a high of $2.48. Here, I will let them tell you:
"If the Company does not regain compliance with Rule 5450(a)(1) by April 16, 2012, the Nasdaq staff will provide written notice that the Company’s securities are subject to delisting. At that time, the Company may appeal Nasdaq’s determination to delist its securities to a Hearings Panel. In any event, in order to meet the $1.00 minimum bid price requirement to maintain its listing on the Nasdaq Capital Market, the Company may have to effect a reverse stock split, which would require the approval of the Company’s stockholders."
SkunK
Previous blog on subject here Note the conference call is only good for 30 days
Thanks to "selfactualize" for his posts on I-Hub HERE
Nothing like a good toothache to get me alert and on the job early . . . (maybe not as alert as I thought!)
"Our plans are to license GreenShift technology as a platform for these systems."
*********************
Pearce went on to say that the Company remains operationally on track with several planned improvements, the most significant being implementing corn oil extraction at its plants.
BIOF is set to announce its third quarter 2011 results on November 9, 2011, after the closing bell.
source HERE
*********************
Original 1Nov SEC SOURCE HERE
Looks like the 2 COES are leased.
"Under the terms of the Operating Leases, the Project Subsidiaries may draw up to an aggregate of $7,850,000 to fund installation of the two COES. The remaining expense of installation will be borne by the Project Subsidiaries out of cash on hand. Under the terms of the Operating Leases, monthly payments will commence upon completion of installation, which the Company expects to occur by the end of the fourth quarter, and will continue for two (2) years. Upon expiration of the initial term, each of the Project Subsidiaries will have the option to either renew for a subsequent one (1) year term or purchase the COES at its then fair market value. Each of the Operating Leases is unconditionally guaranteed by BFE Energy Corp. (referred to herein as the “Company”)."
Note: BioFuel Energy LLC is (“BFE Energy”)
********************
Here is the actual lease. The local bank - FARNAM STREET FINANCIAL - is gonna lease these COES to the plant.
SUPPLIER OF EQUIPMENT
To be determined
In the lease, the COES consist of "Westphalia Centerfuges", but in the most recent conference call they said they plan to license with GreenShift.
Biofuel Energy Corp. has in the past had trouble making a profit (margins are improving) and recently its weak stock price got it booted from Nasdaq Global Market to the Nasdaq Capital Market.. Over the past 52 weeks, the stock has reached a low of $0.15 and a high of $2.48. Here, I will let them tell you:
"If the Company does not regain compliance with Rule 5450(a)(1) by April 16, 2012, the Nasdaq staff will provide written notice that the Company’s securities are subject to delisting. At that time, the Company may appeal Nasdaq’s determination to delist its securities to a Hearings Panel. In any event, in order to meet the $1.00 minimum bid price requirement to maintain its listing on the Nasdaq Capital Market, the Company may have to effect a reverse stock split, which would require the approval of the Company’s stockholders."
SkunK
Previous blog on subject here Note the conference call is only good for 30 days
Thanks to "selfactualize" for his posts on I-Hub HERE
Nothing like a good toothache to get me alert and on the job early . . . (maybe not as alert as I thought!)
Tuesday, November 1, 2011
Markman Echo
GreenShift response to the defendant's request for a Markman clarification.
Its all about “the Substantially Oil-Free Syrup Construction”.
"Defendants wish to apply this term to not only claim 8, but to claims 1, 10, and 16 as well. CleanTech further respectfully submits that the Substantially Oil-Free Syrup Construction should not apply to claims 1, 10 and 16 but also should not apply to claim 8."
SEE HERE
SkunK
One strong Greenshift argument is that - on one hand the court recognizes that the procedure may be repeated to get out more oil, but on the other hand the court also says the oil coming out of the procedure is substantially oil-free? Another good argument is the substantially oil free limitation is not relevant to the ‘858 patent since that term does not appear in the claims. . . or the specification.
Its all about “the Substantially Oil-Free Syrup Construction”.
"Defendants wish to apply this term to not only claim 8, but to claims 1, 10, and 16 as well. CleanTech further respectfully submits that the Substantially Oil-Free Syrup Construction should not apply to claims 1, 10 and 16 but also should not apply to claim 8."
SEE HERE
SkunK
One strong Greenshift argument is that - on one hand the court recognizes that the procedure may be repeated to get out more oil, but on the other hand the court also says the oil coming out of the procedure is substantially oil-free? Another good argument is the substantially oil free limitation is not relevant to the ‘858 patent since that term does not appear in the claims. . . or the specification.
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