Not sure what this means to shareholders but it looks like GERS is still OTC - but no longer OTC Bulletin Board. Looking Here at first link - it shows a chart that ranks OTC designations - it certainly appears to be a promotion.
We went from being just above the Stinky Pinkys to the second position in the chart (see first link). If we look at this second link we definitely went from OTC Link/FINRA BB to OTCQB - HERE
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Greenshift Corp. (GERS: OTC Link)
Venue Change
Thu, Feb 24, 2011 12:00 - Greenshift Corp. (GERS: OTC Link) - Venue Change - The symbol, GERS, no longer trades on OTC Link/FINRA BB. As of Thu, Feb 24, 2011, GERS trades on OTC Link. You may find a complete list of venue changes at otcmarkets.com.
SEE HERE
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and
HERE
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This explains in more detail
SkunK
PS Will this improve our situation with a couple brokerage houses?
Saturday, February 26, 2011
SIRE Update
SOUTHWEST IOWA RENEWABLE ENERGY, LLC
Corn Oil
We recently installed and are in production of an ICM corn oil extraction system. This system separates corn oil from the post-fermentation syrup stream as it leaves the evaporators of the ethanol plant. The corn oil is then routed to storage tanks, and the remaining concentrated syrup is routed to the plant’s syrup tank. Corn oil can be marketed as either a feed additive or a biodiesel feedstock. The amount of corn oil we will produce will be determined after the system is fully operational.
SEE HERE page 37-38
SkunK
For a reminder of the SIRE COES history I have a 7 Dec post here.
Corn Oil
We recently installed and are in production of an ICM corn oil extraction system. This system separates corn oil from the post-fermentation syrup stream as it leaves the evaporators of the ethanol plant. The corn oil is then routed to storage tanks, and the remaining concentrated syrup is routed to the plant’s syrup tank. Corn oil can be marketed as either a feed additive or a biodiesel feedstock. The amount of corn oil we will produce will be determined after the system is fully operational.
SEE HERE page 37-38
SkunK
For a reminder of the SIRE COES history I have a 7 Dec post here.
Friday, February 25, 2011
Compliance Achieved
OTCBB Eligibility Status Report as of Feb 25, 2011
Specifically, the list identifies OTCBB issuers that have either been delinquent in filing required annual and quarterly filings at least two times in the prior two-year period and those issuers that have been removed for failure to file an annual or quarterly filing at least once in the prior two year period.
Greenshift Corporation GERS 2
10K 12/31/2008 03/31/2009 Compliance Achieved
10Q 06/30/2009 08/14/2009 Compliance Achieved
SEE HERE page 5
*Note only annual and quarterly filings for periods ending on or after October 1, 2005 will be considered in determining the applicability of Rule 6530(e). Under FINRA Rule 6530(e)(1), a FINRA member is prohibited from quoting the securities of an OTCBB Issuer that is late or otherwise delinquent three times in the prior two-year period.
**Prior late filings that did not result in removal are denoted as “Compliance Achieved.”
Shout out and thanks to "Animal Mother" on I-Hub for the first post dd.
SkunK
Specifically, the list identifies OTCBB issuers that have either been delinquent in filing required annual and quarterly filings at least two times in the prior two-year period and those issuers that have been removed for failure to file an annual or quarterly filing at least once in the prior two year period.
Greenshift Corporation GERS 2
10K 12/31/2008 03/31/2009 Compliance Achieved
10Q 06/30/2009 08/14/2009 Compliance Achieved
SEE HERE page 5
*Note only annual and quarterly filings for periods ending on or after October 1, 2005 will be considered in determining the applicability of Rule 6530(e). Under FINRA Rule 6530(e)(1), a FINRA member is prohibited from quoting the securities of an OTCBB Issuer that is late or otherwise delinquent three times in the prior two-year period.
**Prior late filings that did not result in removal are denoted as “Compliance Achieved.”
Shout out and thanks to "Animal Mother" on I-Hub for the first post dd.
SkunK
Thursday, February 24, 2011
Todd Becker GPRE
Todd Becker from GPRE shows off an ethanol plant - producing ". . . the cheapest motor fuel in the world today - without the subsidy. . . ."
SEE VIDEO HERE
Listen to Tod Becker talk about GPRE and corn oil deployment HERE. All you have to do is put in a name/email to sign in and you can put "Investor" when it asks for "company" (or you company if you wish to.) Once you are in you may be prompted to enable pop up/active script or something depending on how you have things set.
He talks Corn Oil mostly from 6:30 - about 9:20 - or almost three minutes.
"One of the most exciting initiatives we have embarked on is deploying corn oil extraction at our plants".
Some Tidbits:
All COES complete by end of 2nd quarter.
Went in thinking they had an $18-20M capital outlay with an $18-20M increase in Operating Revenue for the Corn Oil deployment decision. This was based on 20 cents/pound. With increase in price of raw corn oil to north of 50 cents/pound - the capital outlay remains the same and the return will likely increase to $30-40M in Operating Revenue.
This certainly matches the earlier talk of these COES paying for themselves in as little as six months.
SkunK
SEE VIDEO HERE
Listen to Tod Becker talk about GPRE and corn oil deployment HERE. All you have to do is put in a name/email to sign in and you can put "Investor" when it asks for "company" (or you company if you wish to.) Once you are in you may be prompted to enable pop up/active script or something depending on how you have things set.
He talks Corn Oil mostly from 6:30 - about 9:20 - or almost three minutes.
"One of the most exciting initiatives we have embarked on is deploying corn oil extraction at our plants".
Some Tidbits:
All COES complete by end of 2nd quarter.
Went in thinking they had an $18-20M capital outlay with an $18-20M increase in Operating Revenue for the Corn Oil deployment decision. This was based on 20 cents/pound. With increase in price of raw corn oil to north of 50 cents/pound - the capital outlay remains the same and the return will likely increase to $30-40M in Operating Revenue.
This certainly matches the earlier talk of these COES paying for themselves in as little as six months.
SkunK
Monday, February 21, 2011
Otter Tail Ag plant purchased by GPRE for $55 million
Before the plant’s capacity is increased, however, it plans to add corn oil extraction to the Fergus Falls plant—a technology it has said it will put into place at all its ethanol facilities. Three out of the company’s six original plants now have corn oil extraction in place, Stark said. Its plants in Riga, Mich., and Lakota, Iowa, which GPRE acquired this fall from Global Ethanol LLC, already had the technology in place. That leaves Fergus falls and three other plants on GPRE’s list for corn oil extraction. “We are looking to complete the installation of the other three by the end of the second quarter this year,” he said.
SEE HERE
SkunK
Thursday, February 17, 2011
New, New Filing
Here is a 19 page new filing. At 8 cents a page this is really cutting in to my haircut money. Looks like its reporting to the judge the results of the discussion between GreenShift and the defendants about how the discovery should go. Here is just a nibble of the 19 pages. .
I. Counsel for Plaintiff and Defendants agree to the following:
1. Discovery will be conducted with respect to issues of patent validity, enforceability, infringement and Defendant non-patent counterclaims.
2. Plaintiff will not proceed with a motion for Preliminary Injunction.
3. A draft Protective Order is under review and will be submitted to the Court for approval.
4. CleanTech previously issued discovery that will be treated as served as of date of 26(f) conference.
5. The following dates of the Case Management will be amended and reset as follows:
///. . . .
Markman Hearing [Current] April 25, 2011 [Proposed] On or after July 1, 2011
SEE HERE
SkunK
I. Counsel for Plaintiff and Defendants agree to the following:
1. Discovery will be conducted with respect to issues of patent validity, enforceability, infringement and Defendant non-patent counterclaims.
2. Plaintiff will not proceed with a motion for Preliminary Injunction.
3. A draft Protective Order is under review and will be submitted to the Court for approval.
4. CleanTech previously issued discovery that will be treated as served as of date of 26(f) conference.
5. The following dates of the Case Management will be amended and reset as follows:
///. . . .
Markman Hearing [Current] April 25, 2011 [Proposed] On or after July 1, 2011
SEE HERE
SkunK
$10,000 of revenue per day
As you can see from this 14 June 2010 Presser, United Ethanol signed on as a GreenShift customer. We now get news that the corn oil is NOW in production and the first truck is on the way to market! Great News for all concerned!
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The latest news at United Ethanol is completion of our corn oil extraction system on Jan. 12, 2011. We are still fine tuning operational parameters to optimize production; but, corn oil sales have already begun. The demand for it has been very strong due to extremely high-priced soy oil and a firm necessity from the biodiesel industry. Once up to peak production, this process should produce 20,000 pounds of corn oil per day; at current pricing, this should add an additional $10,000 of revenue per day.
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The latest news at United Ethanol is completion of our corn oil extraction system on Jan. 12, 2011. We are still fine tuning operational parameters to optimize production; but, corn oil sales have already begun. The demand for it has been very strong due to extremely high-priced soy oil and a firm necessity from the biodiesel industry. Once up to peak production, this process should produce 20,000 pounds of corn oil per day; at current pricing, this should add an additional $10,000 of revenue per day.***************
“The corn oil extraction system project is complete with product sales in motion, . . "SEE HERE
SkunK
Tuesday, February 15, 2011
Stocks to Watch for Tuesday, February 15th - GERS
GreenShift Corporation develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift’s revenue model is based on the use of its proprietary technologies to become a leading producer of biomass-derived products, and to do so at reduced cost and risk by extracting and refining raw materials that other producers cannot access or process.
SEE ALL HERE
SkunK
SEE ALL HERE
SkunK
Saturday, February 12, 2011
Lincolnway Energy Update and SEC Filing Note
Lincolway Update 11 Feb 2011
A Complaint for Patent Infringement was filed against Lincolnway Energy and certain other parties on May 3, 2010 by GS CleanTech Corporation, a wholly owned subsidiary of GreenShift Corporation. The Complaint was filed in the United States District Court for the Northern District of Iowa, Western Division, as Case No. 5:10-cv-04036. The Complaint alleges, in general, that the corn oil extraction equipment and related processes used by Lincolnway Energy and the other parties infringes upon one or more of the claims under certain patents held by GS CleanTech Corporation. The Complaint seeks injunctive relief, an award of damages with interest, and any other remedies available under certain patent statutes or otherwise under law. The Complaint claims damages of at least a reasonable royalty rate and lost profits. The Complaint also alleges that the alleged infringing conduct by Lincolnway Energy is willful, resulting in the right to recover treble damages and attorney fees pursuant to 35 U.S.C. §284. The case has been transferred to the United States District Court for the Southern District of Indiana pursuant to Multi-District Litigation proceedings. Lincolnway Energy is unable to determine at this time if the Complaint will have a material adverse effect on Lincolnway Energy. (page 22)
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We have read about the GreenShift "marketing arm" in recent PRs. The SkunK doesn't know how that business is revenued. However in the Lincolnway filing we see one example of how they have it set up for 5%:
Lincolnway Energy began extracting corn oil from syrup which is produced in the production of ethanol in April, 2008. Lincolnway Energy estimates that it will produce approximately 3,000 tons of corn oil per year. Lincolnway Energy's corn oil is marketed by FEC Solutions, L.L.C. (page 13)
Lincolnway Energy's corn oil production is sold to FEC Solutions, LLC (FECS). For corn oil, title passes upon the loading of the corn oil into the trucks. The purchase price payable by FECS for each shipment of corn oil is the FOB sales price less a marketing and technical assistance fee in an amount equal to 5% of the FOB sales price. (page 18)
[From the department of: "Are we supposed to laugh or cry?"]
Are GreenShift Lawyers going to ask if patent infringement helped in this "low cost basis" boast?
Lincolnway Energy was able to implement the processes to collect corn oil and carbon dioxide gas on a low cost basis. (page 13)
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Potential new Customer?
This from a new 11 Feb 2011 ADVANCED BIOENERGY, LLC filing:
We are also improving the rail facilities at the Huron plant location, and evaluating adding corn oil extraction technology to one or more of our facilities. (page18)
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GERS SEC Filings
The next required GERS filing is the 10-K Annual Report for 2010. The 4Q will be combined with that report. It is due 31 March, although the 15 day automatic extension is normally taken. If that 15th day is a weekend - it is released on the first business day following. Over the last five years (2010, 2009, 2008, 2007, 2006) the report has been released on 15, 16, 07, 17 and 17 of April respectively. This year April 15th is on a Friday so we can expect it that day. Notice that in 2008 we had a release on the 7th so there is no guarantee we will take the entire 15 day extension.
SkunK
A Complaint for Patent Infringement was filed against Lincolnway Energy and certain other parties on May 3, 2010 by GS CleanTech Corporation, a wholly owned subsidiary of GreenShift Corporation. The Complaint was filed in the United States District Court for the Northern District of Iowa, Western Division, as Case No. 5:10-cv-04036. The Complaint alleges, in general, that the corn oil extraction equipment and related processes used by Lincolnway Energy and the other parties infringes upon one or more of the claims under certain patents held by GS CleanTech Corporation. The Complaint seeks injunctive relief, an award of damages with interest, and any other remedies available under certain patent statutes or otherwise under law. The Complaint claims damages of at least a reasonable royalty rate and lost profits. The Complaint also alleges that the alleged infringing conduct by Lincolnway Energy is willful, resulting in the right to recover treble damages and attorney fees pursuant to 35 U.S.C. §284. The case has been transferred to the United States District Court for the Southern District of Indiana pursuant to Multi-District Litigation proceedings. Lincolnway Energy is unable to determine at this time if the Complaint will have a material adverse effect on Lincolnway Energy. (page 22)
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We have read about the GreenShift "marketing arm" in recent PRs. The SkunK doesn't know how that business is revenued. However in the Lincolnway filing we see one example of how they have it set up for 5%:
Lincolnway Energy began extracting corn oil from syrup which is produced in the production of ethanol in April, 2008. Lincolnway Energy estimates that it will produce approximately 3,000 tons of corn oil per year. Lincolnway Energy's corn oil is marketed by FEC Solutions, L.L.C. (page 13)
Lincolnway Energy's corn oil production is sold to FEC Solutions, LLC (FECS). For corn oil, title passes upon the loading of the corn oil into the trucks. The purchase price payable by FECS for each shipment of corn oil is the FOB sales price less a marketing and technical assistance fee in an amount equal to 5% of the FOB sales price. (page 18)
[From the department of: "Are we supposed to laugh or cry?"]
Are GreenShift Lawyers going to ask if patent infringement helped in this "low cost basis" boast?
Lincolnway Energy was able to implement the processes to collect corn oil and carbon dioxide gas on a low cost basis. (page 13)
*******************************
Potential new Customer?
This from a new 11 Feb 2011 ADVANCED BIOENERGY, LLC filing:
We are also improving the rail facilities at the Huron plant location, and evaluating adding corn oil extraction technology to one or more of our facilities. (page18)
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GERS SEC Filings
The next required GERS filing is the 10-K Annual Report for 2010. The 4Q will be combined with that report. It is due 31 March, although the 15 day automatic extension is normally taken. If that 15th day is a weekend - it is released on the first business day following. Over the last five years (2010, 2009, 2008, 2007, 2006) the report has been released on 15, 16, 07, 17 and 17 of April respectively. This year April 15th is on a Friday so we can expect it that day. Notice that in 2008 we had a release on the 7th so there is no guarantee we will take the entire 15 day extension.
SkunK
Thursday, February 10, 2011
Cardinal Update
The SkunK has followed the competition/defendants and litigants attempts to produce corn oil in previous blogs. Here is an interesting new filing from Cardinal:
8 February 2011
Corn Oil
Management anticipates continuing to increase our corn oil production during our 2011 fiscal year as we continue to refine the operation of our corn oil extraction equipment. We entered into an ICM Equipment Testing Agreement with ICM, Inc., the manufacturer of our corn oil equipment, for advanced oil recovery in October 2010. Pursuant to this Agreement, ICM will test new equipment to attempt to recover more corn oil from the plant. (See Here page 21)
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July 21, 2010
ICM, Inc. has been awarded turn-key installation contracts at five of the Company's six plants. The expected total project cost for all plants is approximately $18 million. The Company anticipates first revenues from corn oil extraction at the Obion, Tennessee plant to occur within the next 90 days. [Oct 2010]
Green Plains has entered into a license agreement with GS CleanTech Corporation, a subsidiary of GreenShift Corporation, to utilize its patents and pending patents. Source HERE
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Source HERE
This is interesting to me. :~)
SkunK
coincidence [kəʊˈɪnsɪdəns]
n
1. a chance occurrence of events remarkable either for being simultaneous or for apparently being connected
8 February 2011
Corn Oil
Management anticipates continuing to increase our corn oil production during our 2011 fiscal year as we continue to refine the operation of our corn oil extraction equipment. We entered into an ICM Equipment Testing Agreement with ICM, Inc., the manufacturer of our corn oil equipment, for advanced oil recovery in October 2010. Pursuant to this Agreement, ICM will test new equipment to attempt to recover more corn oil from the plant. (See Here page 21)
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July 21, 2010
ICM, Inc. has been awarded turn-key installation contracts at five of the Company's six plants. The expected total project cost for all plants is approximately $18 million. The Company anticipates first revenues from corn oil extraction at the Obion, Tennessee plant to occur within the next 90 days. [Oct 2010]
Green Plains has entered into a license agreement with GS CleanTech Corporation, a subsidiary of GreenShift Corporation, to utilize its patents and pending patents. Source HERE
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************************
Source HERE
This is interesting to me. :~)
SkunK
coincidence [kəʊˈɪnsɪdəns]
n
1. a chance occurrence of events remarkable either for being simultaneous or for apparently being connected
Tuesday, February 8, 2011
A good reason to look more carefully at GERS
WOW! Look at this!! This is very exciting...
We have Small Cap Strategist looking over GreenShift!! Yeah it is risky - we know that! Read the whole article and see that we may be just on the cusp!
SkunK
P.S. SkunK note: Neither the author of the Small Cap Strategist web log, Crystal Equity Research nor its affiliates have a beneficial interest in the companies mentioned herein.!!!
We have Small Cap Strategist looking over GreenShift!! Yeah it is risky - we know that! Read the whole article and see that we may be just on the cusp!
SkunK
P.S. SkunK note: Neither the author of the Small Cap Strategist web log, Crystal Equity Research nor its affiliates have a beneficial interest in the companies mentioned herein.!!!
Shareholder Letter, First Installment
From the Annual Report:
DESCRIPTION OF PROPERTIES
GreenShift’s corporate headquarters is located in New York, New York. The New York lease is a five year lease terminating in June 2011. The monthly lease payment is $8,800. The Company maintains its engineering and manufacturing services in Alpharetta, Georgia. The Alpharetta lease is a three year term terminating in February 2011. The monthly lease payment is $1,480. (Annual Report page 18)
As you can see the Alpharetta Address is in a shared building, light industrial butted up against residential housing and nestled away in a wooded area. (see second picture) The entrance is not so imposing (see third picture). The savings in overhead is of course significant, however the change in focus that this presents to the Corn Belt Midwest Customer is much more important. Remember the old salsa commercial when the cowboys find out the other salsa was made in "New York City!!" (Click Here) You can decide for yourself why that commercial was so successful, but one cannot deny that it was. From yesterday's Shareholder Letter"
"We will stay lean but we plan to hire additional technical services support staff in the Mid-West to ensure that our clients receive rapid support as our business continues to grow."
Will the Cooperate HQ be moved to a Midwest location? Maybe also serve as a service center? The SkunK is all aboard for that!
SkunK
Monday, February 7, 2011
Shareholder Letter !
Kevin Kreisler, chairman of GreenShift Corporation (OTC Bulletin Board: GERS), issued the following letter today to the shareholders of GreenShift:
Dear Shareholders:
This is an exciting time for our company. We have focused relentlessly on building shareholder value by increasing sales, executing sufficient new licenses to achieve profitability and reducing debt since our last communication. I am pleased to report that our efforts have been successful: we achieved each of our goals for 2010. This letter is to provide you with an update on our progress, the challenges and opportunities in front of us, and our plans moving forward.
**************
Goals Moving Forward
We will improve on our 2010 performance during 2011 by executing licenses with facilities producing a total of 1.3 billion gallons per year of ethanol, corresponding to an additional 9.6% of the total U.S. ethanol production, and by reducing debt by at least 33%.
We will supplement our royalty income by designing and delivering new extraction systems and upgrades, and by providing related technical and marketing support services to maximize the benefits and minimize the costs of corn oil extraction for our clients. We will stay lean but we plan to hire additional technical services support staff in the Mid-West to ensure that our clients receive rapid support as our business continues to grow.
We will also build shareholder value in 2011 by providing our clients with additional process enhancements. Our patented and patent-pending portfolio of Backend Fractionation? technologies is designed to continue improving the profitability and energy balance of refining corn into fuel. One of the new licenses we executed during 2011 provides for the first-ever commercial deployment of our patent-pending Method II whole stillage extraction process, a technology that is expected to become vital to ethanol producers that sell their distillers grain to the dairy markets. Together, our Method II corn oil extraction process and other Backend Fractionation? technologies have the capability of maximizing corn oil production, creating valuable new co-products for ethanol producers, and dramatically increasing ethanol producer income while further improving the nutritional profile and value of distillers grain.
See PR HERE
SEC Copy HERE
SkunK
LooK'ng Good, more later
Got a slow start today after a "Super Sunday"!
Dear Shareholders:
This is an exciting time for our company. We have focused relentlessly on building shareholder value by increasing sales, executing sufficient new licenses to achieve profitability and reducing debt since our last communication. I am pleased to report that our efforts have been successful: we achieved each of our goals for 2010. This letter is to provide you with an update on our progress, the challenges and opportunities in front of us, and our plans moving forward.
**************
Goals Moving Forward
We will improve on our 2010 performance during 2011 by executing licenses with facilities producing a total of 1.3 billion gallons per year of ethanol, corresponding to an additional 9.6% of the total U.S. ethanol production, and by reducing debt by at least 33%.
We will supplement our royalty income by designing and delivering new extraction systems and upgrades, and by providing related technical and marketing support services to maximize the benefits and minimize the costs of corn oil extraction for our clients. We will stay lean but we plan to hire additional technical services support staff in the Mid-West to ensure that our clients receive rapid support as our business continues to grow.
We will also build shareholder value in 2011 by providing our clients with additional process enhancements. Our patented and patent-pending portfolio of Backend Fractionation? technologies is designed to continue improving the profitability and energy balance of refining corn into fuel. One of the new licenses we executed during 2011 provides for the first-ever commercial deployment of our patent-pending Method II whole stillage extraction process, a technology that is expected to become vital to ethanol producers that sell their distillers grain to the dairy markets. Together, our Method II corn oil extraction process and other Backend Fractionation? technologies have the capability of maximizing corn oil production, creating valuable new co-products for ethanol producers, and dramatically increasing ethanol producer income while further improving the nutritional profile and value of distillers grain.
See PR HERE
SEC Copy HERE
SkunK
LooK'ng Good, more later
Got a slow start today after a "Super Sunday"!
Sunday, February 6, 2011
The Pack is Back
After a week of four GreenShift press releases, this week had none. Will we get news this coming week? I do not know. I do know that today is Super Bowl Sunday, a day that sport becomes a mid-winter American Holiday. Family and friends gather around flat screens and fatty foods to celebrate. Half celebrate the Championship. The other half celebrates that it is the last game of the season. Those who are unimpressed with football are pulled in by the commercial premiers and half time. You either watch or be left out of every water cooler conversation for the next week. 
On the other side of the ball the Steeler secondary may be dissected by Mr. Rodgers and his numerous neighborhood receivers. I see the Packers by two scores. 27-17 Cheeseheads.
SkunK
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