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
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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”)
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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!)
Wednesday, November 2, 2011
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21 comments:
No pain no gain, sorry skunk
Even if the equipment is not from GreenShift will the systems still be licensed by GreenShift?
OK, I need something explained to me. We, the GERS Golden 1130 or so holders of common stock are all convinced that KK and GERS are finally on the path to profitability. Considering that most of the revenue stream in the years to come will likely be increasing and derived mostly from guarantees of the royalties, why does KK need the common share holders any more? Why would he continue to want the hassles of SEC filings and other challenges associated with running a public company? Why doesn't he take GERS private? He can do that unilaterally with his control of the company. He could pay us a nominal amount, 0.0001 or 0.0002 a share and be done with it and us. This would only cost him $3 to $4 million dollars. What does he have to gain now that GERS is becoming profitable, probably immensely successful? We have served our purpose, now jettison us, we are expendable. What reason(s) would he have not do this?
Slash on August 12, 2011, stated the following:
"BioFuel Energy Confirms License With Greenshift"
I have searched and cannot find confirmation of this. Can any one point me to the documentation?
GreenShift and Advanced BioEnergy Enter into License and Installation Agreement
On Monday August 15, 2011, 8:00 am EDT
http://www.greenshift.com/news.php?id=284
I think "Advanced" BioEnergy is a different company??
To add to the confusion.
Advanced BioEnergy has their plant in Fairmont NE.
BioFuels has a plant in Fairmont MN
This what Slash said on August 12, 2011. Emails to BIOF requesting confirmation have gone unanswered. I know better than to try GERS:
"BioFuel Energy Confirms License With Greenshift
Call This Number To Hear The BIOF Confirmation
(866) 281-6782. The access code for the replay is 166976.
Hit the #6 on your phone twice(fast forward five minutes) as soon as the call playback starts and It'll take you right to the Greenshift comment!
They said they're finalizing the installation agreements.
Is that us? I hope they go with our Alfa-Laval equipment of choice.
Good Luck To All!"
Question: We keep getting all of this "good news" however, nothing is happening with the PPS. Any ideas people? Do you think it is the impending R/S? Do we even know if that is going to happen yet? Is KK going to take his company priviate? I would love to hear you guys guestimates.
Why is Vander Griend trying to get the charges against him dropped? What about all the business he made personal promises to? Now he wants off the hook an will let his customers hang?
Nobody when you answer my question? I'm trying to decide to buy. How many shares did they diluted in the next report? How much revenue is your guess? And how many shares you think are out now? Shareholder five years answer please.
Anony,
I think the dilution has been minimal this quarter. However, my only sense of that comes from looking for tell-tale discounted shares which are thrown in at 0.0000 in a trade. I am hoping for a better revenue report than last quarter. I suspect that the O/S is around 14 - 15 billion. I am no expert in any of the data areas you requested, others are more knowledgeable.
I finally have received a response from BIOF, will someone call in and report the answers to the obvious questions?
"As you are no doubt aware, Regulation FT under the Securities Exchange Act prohibits our discussion of material developments with individual analysts or shareholders.
We previously discussed our plans re: corn oil extraction and our relationship with Greenshift on our last earnings call. We plan on discussing further on our upcoming call, to be held next Thursday, November 10th.
You can access that call as described here: http://finance.yahoo.com/news/BioFuel-Announces-Earnings-prnews-3453933252.html?x=0&.v=1
We would be happy to address any questions you may have at that time.
Regards,
Mark Zoeller
cid:image001.png@01C885B0.CCA25C70
Vice President, General Counsel
1600 Broadway, Suite 2200
Denver, CO 80202
(303) 640-6517 (direct)
(303) 641-1840 (mobile)
mzoeller@bfenergy.com"
Is it true split won't happen?
Nobody what did you picked on the revenue poll?
If R/S isn't happening then is KK taking this private? Are we all fixing to get messed over royally? Does anyone here have any idea what is happening?
Gosh,
I thought we vote in secret in this country. But, I guessed 4 - 5 million. I will be disappointed if it is less and excited if more. Please do not take anything I think about the short term future of this company as valid or useful. My view is for the long, long term that I think is required to make some money here. My biggest concern for this view is the possibility of privatization.
Publicly traded BioFuel Energy Corp .......
Pearce added. “For each added $5 per ton we realize in coproduct prices we see 1 penny per gallon improvement in revenues.” The company recently executed a new distillers marketing agreement with Gavilon LLC and by the end of year expects to complete installation of Greenshift Corp.’s oil extraction technology, both of which are expected to improve coproduct revenues.
http://www.ethanolproducer.com/articles/8084/biofuel-energy-reports-q2-losses-focuses-on-yield-improvements
Thank you Selfactualize, also saw your reference on I-Hub. That does confirm it.
nobody,
Going private would put 100% of the risk on KK. It would also reduce the credit needed to fund expansion and R&D. If going private was beneficial to a multi-million dollar corporation there would be no public trading.
Would not the company be required to buy all outstanding shares to go private and if so, how is the price determined? Is it not better to spread the risk amongst many rather than one?
Going private is not going to happen. It is silly. It is an imagined problem that comes to the surface about every six months on the boards when things are going well and there is nothing fresh/else to scare people with.
We as investors are willing to make the jump from being scared about infinite stock (dilution) to no stock (going private) in the same breath.
You need a compass to sail your investment ship in a storm, but you also REALLY need a compass when you have put up full sail and have no wind. Without a compass you may be thrown off course by a butterfly blowing in your ear.
I can see swams of butterflies.
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