We have recently installed corn oil extraction equipment at our One Earth and NuGen facilities and expect to begin generating revenues from corn oil sales in the first half of fiscal year 2012. SEE HERE p. 7 (try it now)
SkunK
Thanks to Anon/Nycdream poster previous blog for the tip on the 10-K. Blog History on REX here. Remember Slash recently made a decent argument that REX may be a GERS customer.
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3:14-4:50 GERS COES
CliK PiK (Long Range Adv Tech)
GERS Patented Tech-MSNBC
Feedstock Conditioning!
Chairman, President & Chief Executive Officer, 37
So who will benefit from this relationship? Stay tuned to find out!
Project Manager, 2006-08 Greenshift Ethanol Conf Attendee, Alparetta, GA - About 28 years old
Rachael is a 1994 Graduate of Lakeside, a private Prep school in Seattle, WA. Rachael is a graduate of The University of the South, with a cum laude bachelor's degree in biological psychology and minors in fine arts and philosophy. One time IBM site designer, worked on Macy's e-commerce site and the redesign of the NYSE site. Founder of Kissykat and Candent Corp. As of March 31, 2008, the Company (GERS) owed Candent Corporation $757,853 (the "Candent Note"). The former president of Candent is the wife of the Company's chairman. All of the issued and outstanding capital stock held by Candent is in trust for the benefit of its former president. The note payable to Candent shall bear interest at a rate of 10% per year and matures November 8, 2010. (P. 21 1st Quarter)
I am the SkunKhunter. I hunt down SkunK stocks. Those are stocks that have been beat down past any reasonable justification. I try to ride the stock up as market forces eventually right the ship of PPS. A SkunK is not a herd animal. He is a scavenger who knows that arriving before the herd means big profits and clean shoes. This is the journey of the GreenShift Corporation. Updated weekly between COB Friday and Sunday evening. (Disclaimers on Bottom of Site)
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Want a break from reading all your DD? I am now featuring some GreenShift Media.
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3:14-4:50 GERS COES
co2 Bioreactor
CliK PiK (Long Range Adv Tech)
GERS Leadership
Flash Desiccate
GERS Patented Tech-MSNBC
Tornado Generator
Feedstock Conditioning!
Kevin Kreisler
Chairman, President & Chief Executive Officer, 37
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Time Line for Patents
- 17 Aug 2004 Clean Tech filed first COES Provisional Patent Application “050”
- 2004 Inventors Disclosed Technology to ICM. ICM executed Confidentiality Agreement. ICM purchases two authorized COES.p3
- June 2005: Westfalia is still "developing" COES technology while ICM is finally installing the two COES bought from the Inventors the year before
- 2005 The Inventors invited Ethanol manufacturers to symposium to hear about COES – 30% attended.(SkunK's idea on which one)
- 5 May 2005 Clean Tech filed first COES Non-Provisional Patent Application “859”
- 23 Feb 2006 '858 patent publication date.
- 23 Feb 2006 '729 publication date
- 6 May 2009 GERS receives Notice of Allowance for first Patents
- U.S. Patent 7,601,858 issued 13 Oct 2009
- U.S. Patent 7,608,729 issued 27 Oct 2009
- 16 Feb 2010 Notice Of Allowance Issued For Third GreenShift Corn Oil Extraction Patent
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So who will benefit from this relationship? Stay tuned to find out!
CHAIRMAN of the GERS BOARD
Mr Kevin Kreisler maintains his GERS stock through his holding company: Viridis Capital, LLC. Mr. Kreisler is a graduate of Rutgers University College of Engineering (B.S., Civil and Environmental Engineering, 1994), Rutgers University Graduate School of Management (M.B.A., 1995), and Rutgers University School of Law (J.D., 1997). Served as the Company’s vice president from 1998 to 2000, president from 2000 to 2002, chief executive officer from 2002 to 2005 and has served as the Company’s chairman from 2005 to the present. Admitted to practice law in New Jersey and the United States District Court for the District of New Jersey. Kevin Kreisler is the sole owner of Viridis Capital LLC; GreenSpace Capital, LLC; Incandent Capital, L.L.C. Mr. Kevin Kreisler is about 37 years old.
"Roots" of Greenshift
- Greenshift Corp - until present
- GS Clean Tech Corp - until 2-2008 - 1-50 Reverse Split 12Dec2007
- VERIDIUM CORP until 7-2006
- KBF Pollution Management Inc from 3-1996 until 10-2003 - 1-20 Reverse Split 21Oct03
- KBF Pollution Control Inc 1984-1996
- Kreisler Bags - then - Kreisler Bags and Filtration 1979-1984 (hence "KBF" above)
Technicians and Magicians Behind the Curtain
David Fred Cantrell - Graduate of the University of Georgia where he received a Masters Degree in Poultry Science and Statistics. Co-inventor of COE technology with Dave Winsness. Started: Cantrell Winsness Technologies LLC. Next: CEO of Mean Green Biodiesel. Works out of One Penn Plaza, NY?
Dan Lester - Project Manager, GS CleanTech. Past: Warnecke Design Engineer 2004-2007; Imagetech Inc. Engineer 2001-2004. Education: Devry University EET, Electronics Engineering, 1998 — 2001
Patrick Bush - GreenShift’s Vice President of Biodiesel Technology
Dan Page - Attended 2008 Ethanol Conference for Greenshift Corp from Alpharetta, GA.
Dan Saltzman - Controller Greenshift Corporation
Past: 2001 — 2004 Assistant Controller, New York Mortgage;
1989 — 2000 Assistant Vice President Financial Reporting, Scudder; 1984 — 1997 Bucknell University
Jacqueline Flynn - Controller of GreenShift Corporation since 2006. She is the Chief Financial Officer (CFO) and Chief Accounting Officer for ESYM/ADRN. She is also the CFO for CICS. She has twenty years experience in financial accounting for both public and private companies.
Mary J. Carroll - Worked in GreenShift Administration since at least December of 2003. Presently GreenShift Vice President of Administration.
John W. Davis - John "Whit" Davis, has a B.S. in Civil Engineering from the U.S. Coast Guard Academy and an M.B.A from Boston University. GS CleanTech's new Vice President of Operations (as of PR 22 Jan '07), has a broad base of diversified management, engineering, operational and business development experience. Mr. Davis led the deployment of GS CleanTech's existing Corn Oil Extraction System installations at Little Sioux Corn Processors and Glacial Lakes Energy. Most recently in his career, Mr. Davis was the technical director for special projects at Vortex Dehydration Technology, where he led product design, development and implementation for many applications of the technologies underlying GS CleanTech's Tornado Generator[TM]. Mr. Davis holds the rank of Lt. Commander as a reservist with the U.S. Coast Guard. (One of four original COES Inventors.)
Dan Lester - Project Manager, GS CleanTech. Past: Warnecke Design Engineer 2004-2007; Imagetech Inc. Engineer 2001-2004. Education: Devry University EET, Electronics Engineering, 1998 — 2001
Patrick Bush - GreenShift’s Vice President of Biodiesel Technology
Dan Page - Attended 2008 Ethanol Conference for Greenshift Corp from Alpharetta, GA.
Dan Saltzman - Controller Greenshift Corporation
Past: 2001 — 2004 Assistant Controller, New York Mortgage;
1989 — 2000 Assistant Vice President Financial Reporting, Scudder; 1984 — 1997 Bucknell University
Jacqueline Flynn - Controller of GreenShift Corporation since 2006. She is the Chief Financial Officer (CFO) and Chief Accounting Officer for ESYM/ADRN. She is also the CFO for CICS. She has twenty years experience in financial accounting for both public and private companies.
Mary J. Carroll - Worked in GreenShift Administration since at least December of 2003. Presently GreenShift Vice President of Administration.
John W. Davis - John "Whit" Davis, has a B.S. in Civil Engineering from the U.S. Coast Guard Academy and an M.B.A from Boston University. GS CleanTech's new Vice President of Operations (as of PR 22 Jan '07), has a broad base of diversified management, engineering, operational and business development experience. Mr. Davis led the deployment of GS CleanTech's existing Corn Oil Extraction System installations at Little Sioux Corn Processors and Glacial Lakes Energy. Most recently in his career, Mr. Davis was the technical director for special projects at Vortex Dehydration Technology, where he led product design, development and implementation for many applications of the technologies underlying GS CleanTech's Tornado Generator[TM]. Mr. Davis holds the rank of Lt. Commander as a reservist with the U.S. Coast Guard. (One of four original COES Inventors.)
Christopher Kennedy
Project Manager, 2006-08 Greenshift Ethanol Conf Attendee, Alparetta, GA - About 28 years old
Public History of the Keisler Family
The lovely Mrs. Rachael Kreisler
Rachael is a 1994 Graduate of Lakeside, a private Prep school in Seattle, WA. Rachael is a graduate of The University of the South, with a cum laude bachelor's degree in biological psychology and minors in fine arts and philosophy. One time IBM site designer, worked on Macy's e-commerce site and the redesign of the NYSE site. Founder of Kissykat and Candent Corp. As of March 31, 2008, the Company (GERS) owed Candent Corporation $757,853 (the "Candent Note"). The former president of Candent is the wife of the Company's chairman. All of the issued and outstanding capital stock held by Candent is in trust for the benefit of its former president. The note payable to Candent shall bear interest at a rate of 10% per year and matures November 8, 2010. (P. 21 1st Quarter)
Kreisler Family Involved in GERS
Lawrence M. Kreisler - Lawrence is the sole owner of Serenity Capital, LLC. Built Kreisler Bags, then Kreisler Bags and Filters, then KBF Pollution Control Inc., then KBF Pollution Management Inc. After 1-20 R/S Sept2003 company was taken over by Veridium Corp in Oct2003, controlled by son Kevin. Resigned, effective December 31, 2003, as an officer and director of Veridium Corporation. Continued to work at Veridium's Paterson, New Jersey based recycling facility, that was designed on recycling technologies he invented. His employment was terminated in July 2004 due to irreconcilable philosophical differences in how to best operate and grow that facility. Bronze Parachute included: 100 percent of his salary of $150,000 through December 31, 2004 and 50 percent of his salary through December 31, 2006. Medical benefits until the age of 65. Lawrence is about 61 years old.
Scott Kreisler - Scott is the sole owner of Cyrus Capital, LLC. Brother of Kevin Kreisler, listed as a Beneficial Owner of Veridium Corporation on 4/2/2002 SEC filings. The 2005 annual report also says: "During 2005, Scott Kreisler, brother of Kevin Kreisler, received salaries of $72,700. Scott Kreisler no longer works for the Company." In February 2006, Cyrus Capital, LLC, purchased from GCS Investments $500,000 in convertible debt issuedby GS Clean Tech. During the period ended March 31, 2006, Cyrus effected conversions totaling $280,000, corresponding to 14,000,000 shares of the Company's common stock. During the second quarter 2006 Cyrus effected additional conversions totaling $120,000 into a total of 6,000,000 shares of the Company's common stock.
Kathi A. Kreisler From a 3/30/2001 filing: Kathi Kreisler is a Co-founder of VERIDIUM CORPORATION and served as its President from 1984 through December 1994. She has been a director since March 1984. In January 1995, Ms. Kreisler became vice president, secretary and treasurer of Veridium Corporation. From 1979 to 1984, Ms. Kreisler was a principal in Kreisler Bags and Filtration, Inc., which name was subsequently changed to KBF Pollution Management, Inc. Ms. Kreisler is the wife of Lawrence Kreisler and is the mother of Kevin and Scott Kreisler. During 2005, Kathi Kreisler received salaries of $33,750. During December of 2005, Kathi Kreisler received 3,806,811 shares of the Company's common stock as a settlement of all severance liabilities.
MIF During the first quarter 2008, Minority Interest Fund (II), LLC ("MIF") acquired the Kerns $1,000,000 Debenture. In February 2008, MIF subsequently fully converted this debenture at the rate of $0.16 per share into 6,875,000 shares of Company common stock. The managing member of MIF is a relative of Kevin Kreisler. (p. 23 1st Qtr Rpt)
Scott Kreisler - Scott is the sole owner of Cyrus Capital, LLC. Brother of Kevin Kreisler, listed as a Beneficial Owner of Veridium Corporation on 4/2/2002 SEC filings. The 2005 annual report also says: "During 2005, Scott Kreisler, brother of Kevin Kreisler, received salaries of $72,700. Scott Kreisler no longer works for the Company." In February 2006, Cyrus Capital, LLC, purchased from GCS Investments $500,000 in convertible debt issuedby GS Clean Tech. During the period ended March 31, 2006, Cyrus effected conversions totaling $280,000, corresponding to 14,000,000 shares of the Company's common stock. During the second quarter 2006 Cyrus effected additional conversions totaling $120,000 into a total of 6,000,000 shares of the Company's common stock.
Kathi A. Kreisler From a 3/30/2001 filing: Kathi Kreisler is a Co-founder of VERIDIUM CORPORATION and served as its President from 1984 through December 1994. She has been a director since March 1984. In January 1995, Ms. Kreisler became vice president, secretary and treasurer of Veridium Corporation. From 1979 to 1984, Ms. Kreisler was a principal in Kreisler Bags and Filtration, Inc., which name was subsequently changed to KBF Pollution Management, Inc. Ms. Kreisler is the wife of Lawrence Kreisler and is the mother of Kevin and Scott Kreisler. During 2005, Kathi Kreisler received salaries of $33,750. During December of 2005, Kathi Kreisler received 3,806,811 shares of the Company's common stock as a settlement of all severance liabilities.
MIF During the first quarter 2008, Minority Interest Fund (II), LLC ("MIF") acquired the Kerns $1,000,000 Debenture. In February 2008, MIF subsequently fully converted this debenture at the rate of $0.16 per share into 6,875,000 shares of Company common stock. The managing member of MIF is a relative of Kevin Kreisler. (p. 23 1st Qtr Rpt)
The SkunK on the Big Picture Stuff
Capitalism
"This system is not bad, it is just how things have worked in every functional society since time began. Someone provides a good or service in exchange for receiving a good or service. Money just facilitates making change and keeping score."
Socialism
"A system where more goods and services are provided to those who provide less goods and services." Leads to less goods and services.
Communism
"Where the link to producing goods and services and receiving goods and services is severed. Outdated, shabby or no production follows. Leads in time to a robust Free Enterprise system - starting with a black market."
"This system is not bad, it is just how things have worked in every functional society since time began. Someone provides a good or service in exchange for receiving a good or service. Money just facilitates making change and keeping score."
Socialism
"A system where more goods and services are provided to those who provide less goods and services." Leads to less goods and services.
Communism
"Where the link to producing goods and services and receiving goods and services is severed. Outdated, shabby or no production follows. Leads in time to a robust Free Enterprise system - starting with a black market."
GERS CHART
Disclaimer
**Traditional SkunK Disclaimer.
Note: I am a shareholder - I do not work for, nor do I receive any direct or indirect payment from GERS or anyone associated with them. (But it would be Kapitalist Kool if I did) I will not intentionally mislead - but I can be wrong (ask Mrs. SkunK for specific frequencies) - so do your own due diligence - and take responsibility for your own financial decisions – (and your own life in general) good or bad. I do not give financial advice - I let you look at my dd as I try to make sense of it all and make MY decisions. Make your own! I have been rightfully accused of being a rather cheery, positive individual who laughs at every opportunity. These tendencies may cause me to overlook deficiencies in this stock that are painfully obvious to others. Celebrate today - and some good garage logic luck to ya.
SkunK
(Blogger formerly know as Skunk)
Disclaimer for those who need additional clarification. . .
My beliefs and the financial strategies discussed on this site are not to be used without proper financial analysis of your personal situation. Better yet, you do not have my permission to use them at all. I strongly suggest you seek help of a financial advisor or, even better, a Certified Financial Planner in order to assist you in any financial planning. I am not selling or advising you to buy any financial products. I am not selling or advising you to buy this stock or any other stock! I am just blogging about one of my favourite subjects! This is a hobby for me and should only be entertainment for you. You may analyse my opinions and determine if they suit you or not. I hope that your personal finance path to your goals will be covered with success and profit. Enjoy your reading.
Additional Disclaimer for the real knukleheads . . . .
Look, if your still reading this disclaimer and haven't figured out my name is SkunK and I don't know nothin' then you really need help. If you still want to blindly go out and do whatever some dude on the internet does then I can't help you. If you are not emotionally secure enough to suffer another's opinion - then turn the dang channel. Quickly seek a mental health professional! I am not one of them either!
Still do not understand? This is for the Lawyers (lol)
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
Note: I am a shareholder - I do not work for, nor do I receive any direct or indirect payment from GERS or anyone associated with them. (But it would be Kapitalist Kool if I did) I will not intentionally mislead - but I can be wrong (ask Mrs. SkunK for specific frequencies) - so do your own due diligence - and take responsibility for your own financial decisions – (and your own life in general) good or bad. I do not give financial advice - I let you look at my dd as I try to make sense of it all and make MY decisions. Make your own! I have been rightfully accused of being a rather cheery, positive individual who laughs at every opportunity. These tendencies may cause me to overlook deficiencies in this stock that are painfully obvious to others. Celebrate today - and some good garage logic luck to ya.
SkunK
(Blogger formerly know as Skunk)
Disclaimer for those who need additional clarification. . .
My beliefs and the financial strategies discussed on this site are not to be used without proper financial analysis of your personal situation. Better yet, you do not have my permission to use them at all. I strongly suggest you seek help of a financial advisor or, even better, a Certified Financial Planner in order to assist you in any financial planning. I am not selling or advising you to buy any financial products. I am not selling or advising you to buy this stock or any other stock! I am just blogging about one of my favourite subjects! This is a hobby for me and should only be entertainment for you. You may analyse my opinions and determine if they suit you or not. I hope that your personal finance path to your goals will be covered with success and profit. Enjoy your reading.
Additional Disclaimer for the real knukleheads . . . .
Look, if your still reading this disclaimer and haven't figured out my name is SkunK and I don't know nothin' then you really need help. If you still want to blindly go out and do whatever some dude on the internet does then I can't help you. If you are not emotionally secure enough to suffer another's opinion - then turn the dang channel. Quickly seek a mental health professional! I am not one of them either!
Still do not understand? This is for the Lawyers (lol)
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
When you're one step ahead of the crowd you're a genius. When you're two steps ahead, you're a crackpot.
--Rabbi Shlomo Riskin
First they ignore you. Then they laugh at you. Then they fight you. Then you win.
-- Gandhi
Remember the only reason the herd is on the move is because they finally figured out the last place they rushed off to was wrong! -- SkunK
Git your dirty feet off the furniture! -- Mrs. SkunK
--Rabbi Shlomo Riskin
First they ignore you. Then they laugh at you. Then they fight you. Then you win.
-- Gandhi
Remember the only reason the herd is on the move is because they finally figured out the last place they rushed off to was wrong! -- SkunK
Git your dirty feet off the furniture! -- Mrs. SkunK
SkunK's Free GERS Video Store
Posts
It just don't fit anywhere else!
SkunK's Public Library; Magazine Section
- June 2008 Bio-Diesel Mag - New Bio-Diesel method that can use corn oil
- Marion (3rd COE) site and COE/Biodiesel
- Dr. Bayless explains Algae process he sold to Greenshift
- Our Algae slime is 94% starch and 6% oil
- and the super "algae" comes from Yellowstone
- Biodiesel Nov 2006 - The Matchmaker
- Forbes Dan Fisher Article
- Distillers Grain Quarterly - 2007 1st Quarter - "COE Opens New Markets"
38 comments:
Both plants put in ICM systems. No license purchased. Yields will be low due the poor technology choice. Good luck to all.
Not saying you are wrong but how do you know?
We have made a previous contact with REX officials, several weeks ago. They said they would answer this ($2,00,000 yearly GERS revenue) question after their 10K was out. We have recontacted them this morning to get that answer.
To me, this stood out in the REX 10K.
"..immediately prior to the production of distillers grains."
Now where have we heard this before? From our largest customer, GPRE.
Quote from REX's 10K...
"At certain of our plants, we extract and sell non-edible corn oil immediately prior to the production of distillers grains."
http://www.sec.gov/Archives/edgar/data/744187/000093041312002109/c69053_10k.htm
This is the exact same wording GPRE used to describe COES.
"The corn oil systems are designed to extract non-edible corn oil...immediately prior to production of distillers grains."
GPRE 10K
http://www.sec.gov/Archives/edgar/data/1309402/000119312512067531/d301790d10k.htm
I believe this confirms that REX's COES are clearly not the infringing ICM knock-offs. Greenshift's state of the art systems are the best in the industry and everyone knows it. They're the only systems that obtain the yields they do, without the use of costly chemicals. Greenshift's systems are the best in the industry, period. Now we have another example of REX using the same wording as GERS' other customers.
I say, welcome aboard REX, you went with the best and will make more money because of it.
Good Luck To All!$!$!$!$
Note to Gerry on I-Hub. Send me the court doc in an email and I will post it here. Doc 135 does not compute for that time frame. Thanks, SkunK
skunkhunter13@gmail.com
Skunk -- your SEE HERE link does not work for me ???
Here's a quick recap of revenue growth...
Q209
$1.167M
Q309
$927K
Q409
$1M
Q110
$1.27M
Q210
$2M
Q310
$1.7M
Q410
$2.2M
Q111
$2.8M
Q211(corn oil $3.60)
$3.1M
As you can see, revenues fluctuate with the price of corn oil.
In Q311(corn oil $3.60), the $6.3M in revenue included a one time gain of $2.5M related to extinguishment of debt. Without this, Q3 revenues were $3.8. If You'll notice, the Q3 said corn oil was $2.80 and I saw others reporting it went as low as $2.40. I believe this refers to the current price(Q4) at the time of the statement. For example, the 10K stated corn oil was back up to $3.40, which is the price for Q112, not Q411. My point is that corn oil was down, on average, 30% in Q4. $3.8 X 30% is over a million bucks. which puts us right in line with the Q4 revenues of $2.8. There were no missing revenues, the price of corn oil took a big dip and we were warned about it in Q3's report when it stated the current price of $2.80. Also, Q4 is when our customers shut their plants down for maintenance. GPRE reported an unexpected breakdown at one of their largest plants. That being said, even though corn oil dropped, Q4 revenues were about the same as Q3's when you consider the deferred revenue of over $1M that's coming down the pipeline in Q112. The good news is, corn oil moved much higher in Q112 as was already reported in the 10K ($3.40). Actually, I believe it's now in the $3.65 range.
Q4 had little to no contribution from Sunoco, BIOF, REX, or ANDE's two new plants(partnerships with Marathon Oil). Q112 will show contributions from these customers with much higher corn oil prices. The Q112 report, in a few weeks, should be a blow-out.
It speaks volumes when a company that has seen first hand, the troubles that ICM's systems cause, has decided to go with Greenshift.
So I think the one time gain of $2.5M, the maintenance/break down of plants, and the dip in corn oil prices skewed the numbers a bit. This next report coming out shortly will be much improved, IMO.
Good Luck To All!$!$!$!$
I ask that everyone not pat attention or respond to nobody at all.
It's clear of who he is and what he is doing.
Just ignore and do not even get into any type of dialogue with nobody.
Slash,
How does that explain the difference between just GPRE corn oil revenue in Q4 and that reported by GERS? If there is not a lag in the reporting of revenue how can GERS revenue be below 20% of just GPRE corn oil revenue for the same quarter?
Also from the 10K, key words "several of our licensees"
Q411
"We were awarded contracts to design, build and install extraction systems for several of our licensees after extensive due diligence and third party review, including a state of the art new corn oil recovery facility in Fulton, New York for Sunoco, Inc."
Q311
"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."
It changed from what was stated in the Q3 report with the addition of "several". They were awarded contracts to build Alfa-Laval systems for "several licensees". We all know several's more than two. Sunoco's obviously one, Advanced BioEnergy had GERS install Alfa-Laval. I believe REX's non chemical using systems are the third licensee that GERS speaks of to make up the "several".
GPRE makes up a substantial portion of deferred revenue/accounts receivable. Deferred revenue increased about $900k ($300k to $1.2M) in the report. Accounts receivable is roughly $2M. Inventories jumped by about a miilion and I'm guessing this is equipment for Advanced BioEnergys second plant which is finishing up construction now. Just because GPRE sells the oil, doesn't mean GERS gets paid right then and there. GERS doesn't get paid until it's shipped/delievered, and the customer pays the billed invoice. When that happens, GPRE's revenue in accounts receivable/deferred revenue will be recognized as revenue in Q112. These revenues in the pipeline are larger than revenues reported in Q4. Big growth coming in the next report, IMO.
Good Luck To All!$!$!$
Last time I checked Rex was part owner in Big River Ethanol. I doubt that they would purchase a royality based at license 12% or so only to fighting Greenshift on the other hand and paying legal bills. Just a thought.
like Slash said they dont control Big River own only 10 percent besides Icms payen the legal fee so its bad news for them when customer turned on them
After doing some DD found Abengoa said in 2008 they put in corn oil extraction at york and Ravenna NE am trying to post link but if you google abengoa corn oil 2008 York should find the Pdf file
GPRE said their big focus right now is increasing ethanol yields per bushel and that they have several projects focused on this right now. They said as soon as one hits, they'll let us now so it sounds like they're close to announcing something.
What I would like to see is gasification of de-oiled DDGS. Producers could pull all the oil out and not have to worry about profat compliance. They could then produce more ethanol from the DDGS with gasification, a process that Greenshift's partly owned Zeropoint holds key patents on. They would also have a fertilizer by-product, biochar.
In the near future, the industry will hit what's called the feed wall. Only so much DDGS can be fed to animals so new uses need to be developed to counter excessive supply. Especially with E-15 being rolled out. I read that turning DDGS into more ethanol can bump yields to more than 3 gallons a bushel.
Another project GPRE may have under way is increasing yields with the highly efficient, patented, Tornado Generator. Bypassing the hammermills would cut energy costs. Also, the TG breaks corn down into smaller microns with more surface area exposed. This increases the available startch and greatly improves ethanol yields. GPRE has a history of thinking outside the box and being the first mover on things. I highly suspect that one or more of their ethanol yield projects is tied to Greenshift's other technologies. If it works out, GERS will get royalty's on billions of gallons of ethanol instead of just tens of millions of gallons of corn oil.
Greenshift's repeated statement that our customers our reviewing our other technologies reinforces my thinking here.
Advanced BioEnergy flat-out said they are looking at Greenshift's other technologies. BIOF has also indicated they're working on something in this regard.
Good Luck To All!$!$
News, or no news -- the next BIG thing is the PPS going to 20 cents and not retreating. What other THINGS really matter?
Nobody, I've been trying to help you gain some respect why? Because while you may find this all very amusing I don't. Your making a lot of enemies, that's not good and while you still may be amused. I'm actually concerned for your safety! I don't like violence and don't condone it in anyway and sure I don't ever agree with you, but as a person from one person to another let me get to the point I guess what I'm trying to say is don't forget about who you may be making angry. There are some wealthy investors that could be invested in gers and could be crazy! They may have the know how to find you or your computer or the money to pay someone who does. Well just think about it !
Nobody,
Please correct tthe spelling of cannot (cannpt) on Ihub. We all know how you have issues for those with bad spelling or grammar.
Thanks.
OOPS, I will be more careful and proof read closer. As for wealthy investors in GERS, at this time that is an oxymoron. Total don't take out your frustration on how the PPS is performing on objective posters.
Nobody, you don't have to worry about my health, I'm well trained never alone and I have a concealed weapons permit. To top that all off I'm half redneck and half city slicker lol. Thanks for your concern though.
GERS Customers Make More Money Even After Royalty
ICM can not compete so they tried to run GERS out of business, it failed. GERS' other technologies are a big threat to ICM and would make some of what ICM has to offer, obsolete. ICM has seen sales of dryers soften, thanks to GERS' corn oil tech. Hammermills are next on the list of ICM's decaying technology. The patented Tornado Generator will make a hammermill pointless.
I've never heard one good thing about ICM's knock-off COES. I've only heard bad things from frusterated customers that are locked into litigation. Sure they make good ethanol plants, but they dropped the ball on COES.
The costly chemicals and low yields are why ICM can't compete. That's why the entire industry knows Greenshift's systems are the best.
Due to the fact that Greenshift's systems are the only ones in the industry that obtain the yields they do without the use of costly chemicals the industry is switching to the savings.
Greenshift's customers make more money even after the royalty.
I would love to see materials that GERS uses for marketing. I agree completely with the superiority and cost effectiveness of GERS technology. That is why I am here. I have a meeting in June where I will inquire about these materials and if successful, I will scan and post them. I am also hoping to hear that this round of litigation will be the last for awhile and that GERS focus will be on competing for business with their better products than forcing potential customers through litigation to come to GERS’ COES.
Total you "sound" like a lean mean fighting machine. Is your pappa bigger than my pappa too?
From what I gather, I think Nobody's days are numbered.
R.I.P!
In case anyone is interested DHOLE knows my West Coast address.
Nobody,
Please correct the spelling of volunteer (volunter) on Ihub. We all know how you have issues for those with bad spelling or grammar.
Thanks.
Total,
Your post at 2.43pm on 11th April is possibly the silliest I've read in a long time.
Neil I'm going to assume you meant 12:43 and not 2.43 and I don't know what part you think is so silly. Do you think its silly to care for another persons welfare? Well if you do I suppose it is. But where I come from we all may argue and fuss but come 5pm we are all down at the bar buying each other drinks. Now while there may be very few places like here left in the world that's the way we are! And I do enough travelling to know I have found no place like it. This is why I have concern for nobody. And while some may think I hate them, I've never hated anyone. Just because I have unfavorable words for some doesn't mean I wouldn't buy them a beer at quiting time. Not being this way seems even more foolish to me.
From the REX 10K we know that One Earth Energy, LLC is 74% owned by REX.
From Steve Kelly:
spk@oneearthenergy.com
Phone 217.784.5321
Fax 217.784.5332
Address
202 N. Jordan Dr.
Gibson City, IL 60936
We now have the answer to the question about REX and GERS. His answer to the question: "Whose corn oil extraction technology
OneEarth is using"? His response was "ICM".
This speculation is now over.
Advanced BioEnergy Investor Presentation...
http://www.advancedbioenergy.com/documents/CompanyUpdate-March162012AnnualMeetingPresentation.pdf
Good Luck To All!$!$
Slash,
Several of us would like to know how you can post seven minutes after I have posted that your major speculation about REX is wrong and you ignore that fact and continue to promote GERS with another factoid, without comment? We needs facts here, not impressions and OMG's, and blind rage. GERS is in a very critical stage of its existence; too many unrequited expectations are not helpful, but I have been saying this for a while.
There is no need to answer this insolent post, Slash.
It is perfectly normal in the civilized world that you pose a thought and if some dispute that, you consider your answer or not answer at all if there is nothing to answer.
If anybody believes that this " His answer to the question: "Whose corn oil extraction technology
OneEarth is using"? His response was "ICM"." is only in one way interpret-able then it must be a nobody
All Rex plants are Icm technology so are Gpre. Icm installed Rex. Icm installed Gpre as well. Rex The question is did they use Icm to install an license with Greenshift like Gpre?
Nobody - GET A LIFE!
We all feel bad for your wife...if she really does exist!
i didnt think gers still sold equipment.
thought they streamlined to technology licensing.
Instead of babbling, I have posted the plant manager's name and email, inquire for yourself. I had hoped to hear otherwise, but I can deal with the reality. My documentation is always provided unlike all the Anonys that infest this blog. And death threats do not rise to the level of insolence?
your QnA to vague not clear whats true or not
Nobody,nobody believes anything you say. Or wait anybody believes nothing nobody says. No that's not it either how about this somebody doesn't believe nobody. No no that's not it either. Ah who cares we are talking about nobody anyways nobody cares. Bleep bleep bleep if this keeps up ill sound as dumb as nobody anybody somebody peabody you get what I'm saying here
Gee a simple call to the number above would suffice. Do you prefer ranting and raving to verifying?
I called got sent to vm left message nobody returned my call
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