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
Consider from a commodities standpoint that fats and oils stocks are at a 20 year low and prices will double in the next two years. Then establish profits for GERS at 100% increase. Figure no debt in 1.5 years and the rest is profit. How now brown cow?
ReplyDeleteNobody, Why do you just sell out and get out of our space. It appears you are a short termer expecting great gains in minimum time frame. This is a struggling company against large companies aimed to drive it under. It will take another year to establish itself as a going commodity in the market.
ReplyDeleteIf you had the balls to admit it, you would say "this is not a company I may be able to live with and get out".
Get your cuff ruffled and go whine to someone else. KK is an honorable man as far as I may tell. Given the David and Goliath story, the company may well have been bankrupt two years ago and you would have nothing to complain about.
In the meantime complain about our president how he guarunteed green technology, but only paid his cronies for donations. This is a bon-a-fide business in infancy working against all odds and doing well considering the current economic situation. Why do you not go try to borrow a few million dollars and buy it and do better? Because nobody listens to you!
Since September, 2011. Sunoco, Biofuels #1 and #2, Calgren Method 2, and optimizing existing facilities. First Q of 2012 may be double third Q 2011,
ReplyDeleteNot listening is your prerogative, but some nobody stated long before these events occurred that they would happen: 1)Another R/S, 2) 1:1000 ratio of the R/S, 3) the PPS would fall quickly after the R/S, 4) modest to substantial dilution was occurring during Q3 and Q4, 5)Income would not follow revenue due to expenses. That nobody also believes that times will be turbulent in GERS land until this time next year when after 2012 Q3 KK will have finally documented to others that his company is not a money sink hole but a legitimate growing business. I think that you can take that to the bank.
ReplyDeletenot a person here will listen...this is a classic technical sell signal on daily weekly monthly charts!
ReplyDeleteWait for the real news to come. This may just be an extraction to the next step?
ReplyDeleteSo you had a devine insight to what? It all says you either knew this stock would tank and bought it out of self repent or you think it may make money for how and why?
ReplyDeleteI will buy all outstanding shares at 0.03 if you are willing. Then all pessimists and protagonistst will go away> Are there any takers?
ReplyDeletehavin the time of my life watching this collapse
ReplyDeleteI am looking forward to buying more shares. When it bottoms, going to purchase as much as possible. :)
ReplyDeleteyeah all this good news is great but if kevin doesnt step up to save the stk price well be a sub penney stk by mon.nov.28. wwere down 40% post Rev.split.
ReplyDeleteI will buy all outstanding shares at $0.03. All takers line up!
ReplyDeleteEverybody must sell now in order to take a year end tax wright-off. Please all sell, sell, sell. I will buy all outstanding shares at $0.03. Get your deductions now or flownder in the wake of doom.
ReplyDeleteAnonymous says $0.03, but I will buy all outstanding shares at $0.04.
ReplyDelete$0.05? How about $0.06 and counting. get it now or lose it later?
ReplyDeleteDang, if you believe this, I will buy all outstanding shares at $0.08.
ReplyDeleteI hope your happy and bought a ton of shrs today at $0.06 because I'm done buying shrs in this PIG. WERE OFF ANOTHER 40% WITH ALL THIS GREAT NEWS. SOMETHING IS NOT RIGHT!!!
ReplyDeletei asked the question several months ago..can this thing that is only valued at 1.4 million become valued to 100k...i mean is that possible...well, half way there folks...watch and weep!
ReplyDeletelong....oh i have more money in the stock than the market cap..like most here..
so much for fundemental analysis
It should be totally illegal for any company to perform a reverse stock split and then hold or delay the converted shares for some, to not be able to trade at ones disposal! I certainly did not want a 37% haircut without being able to do anything about it. All shares should be released at exactly the same time as to be fair across the board. More Wall Street shenanigans...
ReplyDeleteUnfortunately not many non-gambling investors are going to touch a company that r/s's like this (frequency and amount). GERS will need a few years of solid growth that directly translates into shareholder value before it is legit. I want to see GERS prevail, however will the common shareholder ever benefit? There is a history of the common shareholder losing, and losing and losing here. While that might change someday, it is the history of the company. I wish KK would specifically address this issue by some extraordinary act or special letter to instill some confidence and sense of appreciation to the common share holder.
ReplyDeleteAnd the funny thing is that the last days the short sales were only 10-20% of the total volume. that says something about the investors in GERS. and if you look at the ammounts sometimes traded while going down, people sell for worth of 200$ of shares and make the sharprice drop. if we all just would stop selling then some confidence would be restored. Bt hey people and money....
ReplyDeleteHappy Thanksgiving Skunk and Mrs Skunk.I greatly appreceiate your all your efforts and your willingness to share your insights.
ReplyDeleteOllie