Thursday, November 15, 2012

95% this!

See Here





by techguess said...

could someone transilate the meaning of the article and legal stuff in "95%" this....

i rarely know what is being dicussed...

thank you

Anonymous said...

To Techguess from Freedom,

First, let me state that this filing by Iroquois clearly shows AGAIN how desperate they are.
So close to a judicial decision and this is the best Iroquois can come up with? Ha Ha!

Let me explain:
To prove Non-Infringement the defendants want the court to agree that Example #2 (the best or preferred method of practicing the Patent) claims 95% oil recovery from the thin stillage. Since the defendants cannot reach this level of extraction they claim they don't infringe.

So Iroquois has taken this paragraph on page 12 of Exhibit 1 and are basically is manipulating how it “apparently” should be interpreted.

Note that Example #2 discusses oil removal from ONLY the thin stillage concentrate but Iroquois is saying:

'GS points out that “removal of the majority of the oil before the drying step makes the process more efficient.” However, the drying
process is performed on the combination of the distiller wet grains with the syrup.
Therefore, the term “majority of oil” is apparently referring to the oil that is in this
combination. In other words this is the oil left in the syrup plus the oil that is in the
distiller wet grains.'

This is absolutely untrue and it certainly will not fool the Judge. It is simply a play on the words in the paragraph. Truly absurd! GS never discusses removing oil from the whole stillage. The oil is removed from the thin stillage and then is combined with the whole stillage and dried to form DDGs.

The Judge will once again respond with, “This court disagrees with the defendant’s assumption”.


Anonymous said...

nobodys mom ocunted the moniy last night, she had 63 centts in her jhar...hahaha she neaded to sell nobodys shares of stok hahahaha

Anonymous said...

I was not aware you commented on this site as anonymous until now.

Slashnuts said...

BIOF's Q312 CC Highlights .9 pounds Confirmed

GERS' 3rd largest customer, BIOF, reports the highest corn oil extraction yields in the industry, .9 pounds. Greenshift investors have always known the pathway to the highest yields is through GERS but we've never had proof, until now. Despite a major decrease in ethanol production(10 million gallons), corn oil production increased by more than 1 million pounds.

Greenshift's 3rd largest customer is now on record for extracting more oil than any other producer in the world. However, while the .9 pound record may soon be the new norm, it will give way to a new record in about a month. 1.33 pounds of oil with method II will be online by the end of the year. There is no other technology that competes with .9 pounds, let alone 1.33.

There is no doubt Greenshift is the best. GERS' has the highest yields in the industry and these yields are moving higher.

In Q212 BIOF produced
46.5 million gallons of ethanol
10.3 million pounds of corn oil
Corn oil revenue was $4 million
COES rate was .66 pounds per bushel

In Q312 BIOF produced
36.27 million gallons of ethanol
11.47 million pounds of corn oil
Corn oil revenue was $4.4 million
COES rate was .9 pounds per bushel

"We work closely with Cargill, one of the world’s leading agribusiness companies, with whom we have an extensive commercial relationship. The two plant locations were selected primarily based on access to corn supplies, the availability of rail transportation and natural gas and Cargill’s competitive position in the area. At each location, Cargill has a strong local presence and owns adjacent grain storage and handling facilities, which we lease from them. Cargill provides corn procurement services, markets the ethanol we produce and provides transportation logistics for our two plants under long-term contracts."

"Thanks, Kelly. So to recap, our plan for the year has been to continue our focus on yield and coproduct returns, while continuing to be disciplined on running smart, keeping costs in line and operating safely.

Corn oil yield has improved by 35% from the first to second quarter and another 50% from the second to the third quarter. We do believe that we've gotten the optimum that we'll get out of corn, at least for the time being.

With respect to coproduct returns, we specifically focused on having superior product quality and optimizing our corn. We steadily realized a 0.9 pound per bushel yield from our modified corn oil extraction design and believe this has placed us well at the top of the industry. This is also a clear demonstration of our team's process engineering and operating capabilities.

On a positive side, corn oil revenues continue to increase, generating $4.4 million in revenues in the third quarter of 2012 versus $4 million in the second quarter of 2012. We also saw a slight increase in our distillers revenue over the prior year of $0.1 million as lower production of sales were offset by higher per unit prices received for our distillers products.

Finally, as to operations, the company's assets performed well during the quarter. Our plants continued to hit significant milestones, realized improved corn ethanol and corn oil yields the primary focus of our ongoing pursuit of operational excellence."

Slashnuts said...

"During 2011, the Company began installing corn oil extraction systems at each of its ethanol plants so that it could begin producing non-food grade 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."

In October 2011, subsidiaries of the LLC entered into two operating lease agreements to lease corn oil extraction systems, one for each of its plants. Each lease agreement is for a period of two years and commenced in April 2012 when funding was completed. Pursuant to these lease agreements, each subsidiary is paying approximately $4.3 million per year for the corn oil extraction systems.

Pursuant to long-term agreements, Cargill is the exclusive supplier of corn to the Wood River and Fairmont plants for twenty years commencing September 2008.

Cargill has agreed to purchase all ethanol produced at the Wood River and Fairmont plants through September 2016.

The LLC, through its subsidiaries, entered into two operating lease agreements with Cargill. Cargill’s grain handling and storage facilities, located adjacent to the Wood River and Fairmont plants, are being leased for 20 years, which began in September 2008 for both plants.

Good Luck To All!$!$!$!$!$

Slashnuts said...

The GERS method I system is extracting an astonishing 80% more oil than the ICM AOS.(.5 ICM .9 GERS)

GERS' method II crushes the AOS with yields that are 165% higher. (.5 to 1.33)

During this drought, every drop of corn oil is crucial. It's the difference between being able to operate or not. As an example, GPRE is increasing production while Valero is shutting plants down. It's been 14 months. Valero has not announced plans to continue with the installation of the AOS at the rest of their plants.

Good Luck To All!$!$!$!$!$

Anonymous said...

Penny wise pound foolish

Anonymous said...

We HEART Slashnuts

Anonymous said...

Vander Hinder,

I wasn't aware that you posted on this site. I see thay kicked you off the just for men site.

Anonymous said...


***TRADER ALERT*** said...


***TRADER ALERT*** said...


Anonymous said...

settlement = debt owed to GERS, plus interest, that can be assigned to YAGI in satisfaction of what is owed to them.

havent you been paying attention?

Anonymous said...

summary judgment = debt owed to GERS, plus interest, that can be assigned to YAGI in satisfaction of what is owed to them.

havent you been paying attention?

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