BioFuel Energy Corp 10-K

Remember this is not ADVANCED BioFuel Energy LLC from the GreenShift video.  This is BioFuel Energy Corp that announced in their conference call that they intended to sign with GreenShift
This interesting quote part of the XML of the 10-K:

In October 2011, subsidiaries of the LLC entered into operating lease agreements to lease corn oil extraction systems for each of its plants over a of period of two years. Pursuant to these lease agreements, the subsidiaries are paying approximately $4.4 million per year for both of the corn oil extraction systems. Rent expense is recognized on a straight line basis over the terms of the leases. Events of default under the leases include failure to fulfill monetary or non-monetary obligations and insolvency.

SEE HERE 4th Paragraph
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SWEET CONFIRMATION
Corn oil marketing

During 2011, we began installing corn oil extraction systems at each of our plants so that we could begin producing corn oil as an additional co-product. These systems were installed using certain patented technology we have licensed from Greenshift Corporation, for which we pay a royalty. The installation in Wood River was completed in December 2011, and the installation in Fairmont was completed in January 2012. The corn oil produced at our plants is used primarily as a feedstock for the production of biodiesel and, potentially, as an animal feed ingredient. The corn oil produced in Wood River is being sold to the same independent third party marketer that purchases our dried distillers grains from that facility. The corn oil produced in Fairmont is being sold to a biodiesel producer under an off-take agreement. Corn oil is shipped from our plants by trucks.
See Here Page 4

Other Quotes from their 10-K

Corn oil. Corn oil is extracted on the “back end” of the dry-mill ethanol production process from the condensed distillers solubles stream portion of the process. The oil is extracted using a separator, or centrifuge, and then further clarified in settling tanks. It is then sold either as a feedstock to produce biodiesel or as an animal feed ingredient. We began producing corn oil in January 2012.

We may also hedge against changes in corn oil prices by means of heating oil futures contracts.

During 2011, the Company decided to install corn oil extraction systems at each of its ethanol plants so that it could begin producing corn oil as an additional co-product. These systems were installed using certain patented technology we have licensed from Greenshift Corporation for which we pay a royalty. 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 provided the funding to pay for most of the costs of installing the corn oil extraction systems at each Operating Subsidiary. The installation in Wood River was completed in December 2011 and the installation in Fairmont was completed in January 2012. Both Operating Subsidiaries began generating revenues from corn oil sales early in the first quarter of 2012. p 33

SkunK

PS REminder.  GreenShift has a fiscal and calander year that ends 31 December.  Therefore the 4Q report is swept into the annual report.  That makes the report due the end of this month.  However the Annual Report also has an automatic 15 day extension that GreenShift normally takes.  (if the 15th day is on a holiday or weekend it can go to the following Monday) (Qs have only a five day extension).  You can confirm this with the SEC calender and/or look at the previous releases.  Last year they only used one day of the extension and it came out 1 April, the two years before were 15 and 16 April.  This year it could come out as early as 30 March - and with an automatic extension as late as 16 April (a Monday).