I got this from a reader link in the comments. Nice.
Patent Buddy.
See Here
SkunK
Sunday, April 28, 2013
Saturday, April 27, 2013
Tuesday, April 23, 2013
Never Enough Moisture, Until there is too Much
As I shoveled 4 inches of wet snow this morning - the last full week of April, I figure we might skip spring and go right to summer. But they say it is not too late for corn . . . least not yet.
"The market knows you can plant 20% of the Iowa corn crop in five days,"
"In 2011, we planted up until the first week of June."
See Here
SkunK
"The market knows you can plant 20% of the Iowa corn crop in five days,"
"In 2011, we planted up until the first week of June."
See Here
SkunK
Monday, April 22, 2013
Geeking Out
"Not many plants were separating corn oil back in 2010 but the industry rapidly adopted the technology over the last couple of years."
See HERE
SkunK
See HERE
SkunK
Saturday, April 20, 2013
Non-MDL Settlement Conferences
We have two settlement conferences coming up in non-MDL litigation.
24 April NY, NY Long Side Here
13 May St. Paul, MN Fagen HERE
SkunK
24 April NY, NY Long Side Here
13 May St. Paul, MN Fagen HERE
SkunK
Thursday, April 18, 2013
Corn Oil Extraction Articles
Corn Oil Adds Significant Profitability to Ethanol
"Innovations in extraction technology have led to large increases in average corn oil yield over the past year. Corn oil yields have risen steadily as plants improve their technologies and processes for extraction. Average yields have increased more than 50 percent since the beginning of 2011 and now average well over half a pound per bushel. The leading top 25 percent of plants can expect even higher yields, averaging upwards of 0.8 pounds per bushel in the most recent quarter for which data is available, Q4 of 2012."
SEE HERE
*********************
Corn Oil Industry Needs to Evolve
"Without dried distillers grains and corn oil extraction, most ethanol plants would be at the bottom of the lake after this year."
******
"With close to 80 percent of ethanol plants now using some form of corn oil extraction, . . . "
See Here
*********************
Making Customer-Driven Corn Oil Decisions
". . . about 23 percent of total plant revenues are now derived from distillers grains and corn oil. That number is remarkable given the fact that the industry average just four or five years ago was 16 percent. In fact, in 2011 it was still just 18 percent. Yes, distillers grains prices have risen, but corn oil sales have been the real difference-maker."
SEE HERE
SkunK
Not sure how to describe the emotion while reading that last article. Yes the growth in corn oil extraction is remarkable over the last five years. It is however, not a surprise. I have been blogging the benefits of Corn Oil Extraction in general and GreenShift in particular in 1433 Blogs since February of 2008. I was a GreenShift owner for some time before that. Some resilient investors have been here longer.
In any case, after arguing with some in the industry over the past 5 years that COE was the future, it is nice to see that 70-80% of the industry is now participating. Corn Oil Extraction NOW seems obvious and inevitable. Believe me when I say that five years ago Corn Oil Extraction was neither obvious nor inevitable to 80% of those in the Ethanol Industry.
Since I am critiquing others foresightedness, allow me some self-reflection. I have been obviously wrong about the ability of those who have used a multi-patented technology to avoid paying royalties for a multi-year period. Hopefully that will change soon.
"Innovations in extraction technology have led to large increases in average corn oil yield over the past year. Corn oil yields have risen steadily as plants improve their technologies and processes for extraction. Average yields have increased more than 50 percent since the beginning of 2011 and now average well over half a pound per bushel. The leading top 25 percent of plants can expect even higher yields, averaging upwards of 0.8 pounds per bushel in the most recent quarter for which data is available, Q4 of 2012."
SEE HERE
*********************
Corn Oil Industry Needs to Evolve
"Without dried distillers grains and corn oil extraction, most ethanol plants would be at the bottom of the lake after this year."
******
"With close to 80 percent of ethanol plants now using some form of corn oil extraction, . . . "
See Here
*********************
Making Customer-Driven Corn Oil Decisions
". . . about 23 percent of total plant revenues are now derived from distillers grains and corn oil. That number is remarkable given the fact that the industry average just four or five years ago was 16 percent. In fact, in 2011 it was still just 18 percent. Yes, distillers grains prices have risen, but corn oil sales have been the real difference-maker."
SEE HERE
SkunK
Not sure how to describe the emotion while reading that last article. Yes the growth in corn oil extraction is remarkable over the last five years. It is however, not a surprise. I have been blogging the benefits of Corn Oil Extraction in general and GreenShift in particular in 1433 Blogs since February of 2008. I was a GreenShift owner for some time before that. Some resilient investors have been here longer.
In any case, after arguing with some in the industry over the past 5 years that COE was the future, it is nice to see that 70-80% of the industry is now participating. Corn Oil Extraction NOW seems obvious and inevitable. Believe me when I say that five years ago Corn Oil Extraction was neither obvious nor inevitable to 80% of those in the Ethanol Industry.
Since I am critiquing others foresightedness, allow me some self-reflection. I have been obviously wrong about the ability of those who have used a multi-patented technology to avoid paying royalties for a multi-year period. Hopefully that will change soon.
Wednesday, April 17, 2013
Tuesday, April 16, 2013
Corn Oil Makes the Grade
". . ,(Todd) Becker (GPRE CEO) says, adding that the highest yield is 0.9 pounds per bushel."
See Here
SkunK
See Here
SkunK
Sunday, April 14, 2013
Waived in 2012
During the year ended December 31, 2012, MIF forgave $187,500 of the amount due from the Company, respectively, for no additional consideration. Also during the year ended December 31, 2012, the Company’s chairman waived $145,869 in deferred salaries due from prior years, and various other related party employees waived an aggregate of $637,111 in deferred compensation from prior years. p70
SkunK
Wednesday, April 10, 2013
GreenShift Answers Adkins Sanctions Request
Adkins failed to coordinate its discovery with that of the other defendants in the multi-district litigation despite agreeing to do so; . . .
*********
My attempt to Skunk down the GERS defense to a couple sentences:
GreenShift must complete Adkins's COES 270 days after environmental Permit is presented to them in writing by Adkins. No permit is given to GreenShift. Adkins breaks terms of contract, the 270 period never starts and GreenShift had no obligation to finish Adkins's COES.
See HERE
SkunK
. . .Adkins’s incessant papering of the Court . . .
As explained above, not only is this untrue, but any reasonable attorney would know it is not true. CleanTech wholeheartedly respects an attorney’s duty to zealously represent his client, but the attorney should nevertheless understand the serious nature of charges in which he alleges opposing counsel is abusing the system and making misrepresentations to the Court.
This MDL is complicated enough with the multitude of substantive issues between the parties. CleanTech repeatedly has had to divert resources to respond to Adkins’s incessant papering of the Court with its unilateral motions and its refusal to participate with and coordinate efforts with other Defendants.
See Here*********
My attempt to Skunk down the GERS defense to a couple sentences:
GreenShift must complete Adkins's COES 270 days after environmental Permit is presented to them in writing by Adkins. No permit is given to GreenShift. Adkins breaks terms of contract, the 270 period never starts and GreenShift had no obligation to finish Adkins's COES.
See HERE
SkunK
Saturday, April 6, 2013
Restatement of 2011 10-K
On March 29, 2013, the Registrant's management concluded that the financial statements of the Registrant for the year ended December 31, 2011 that were included in the Registrant's Annual Report on Form 10-K for the year ended December 31, 2011 should no longer be relied upon. The conclusion was based on the discovery of a miscalculation in the Registrant's weighted average common shares - diluted on the Consolidated Statements of Operations for the year ended December 31, 2011.
See Here
SkunK
See Here
SkunK
Tuesday, April 2, 2013
Annual Report is OUT!
Our primary source of liquidity during 2012 was cash produced by our operations. During the year ended December 31, 2012, we produced about $2.3 million in cash from our operating activities and we used about $1.6 million in our financing activities. During the year ended December 31, 2011, we produced about $1.3 million in net cash in our operating activities and about $2.5 million in net cash from investing activities, and we used about $2.4 million in net cash in our financing activities. Our cash balances at December 31, 2012 and December 31, 2011 were about $2.0 million and $1.4 million, respectively. The Company had a working capital deficit of about $41 million at December 31, 2012, about $34 million of which was attributable to current obligations convertible into Company common stock.
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SkunK
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SkunK
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