". . . the 2003 Agri-Energy activities were in fact a series of experiments conducted in an actual ethanol plant?"
". . . the information is not material because the activities were a permitted experimental use rather than an offer for sale . . ."
This is a nice touch:
"On the same day, June 11, 2013, that Iroquois moved to quash the subpoena of Mr. Bereveskos due to attorney-client and work product privileges, Iroquois also served a subpoena on Michael Rye seeking privileged information."
SkunK
*I am not trying to imply I originated this, it is obvious that this defense fits the exemption to the one year rule. Yet I believe this is the first time this defense was advanced by GERS. They just kept this "experimental" powder dry - until now.
Posts
48 comments:
ten years now since testing. when will get this to an end?
When Greenshift sells the patents to a company large enough that the strategy of delaying until bankruptcy cannot work, then the proceedings will be expedited. There is at least one flaw in this argument; YAGI declaring default at the end of the year and taking over the patents. Then they would be the seller. The market value of the patents continues to increase as the litigation grinds successfully onward (on our dollar) and as the industry increasingly embraces corn oil extraction. If you could get $100 million or so (for example) in return for a $40 million default, what would you do?
That is an interesting read, but several concerns are in evidence that other posters have noticed as well. Greenshift seems to be acknowledging that it "did not "recall sending" pertinent emails because they WERE sent ten years ago, and there seems to be a lot of talk about attorneys' "reputations", filed on our dime.
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n0b0dy cant stay away posting anony
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There goes Nobody again making predictions. Red Neck!
GLE Completes Upgrade To Watertown Extraction System
Remember This?
October 2010
"Glacial Lakes Energy in Watertown, South Dakota may have been the first dry grind ethanol plant to install a back-end corn oil seperator. Four years ago, the plant began operation with the new technology, provided by Alpharetta, Georgia-based GreenShift.
"The process involves taking corn syrup off the back end and extracting the oil," said Chad Brenden, the plant manager at Glacial Lakes' Watertown plant. The seperator processes roughly half of the plant's 110 million gallon per year output.
Brenden said. "GreenShift installed the high speed seperator...We own the equipment at this point. We were the first plant it went into; it was experimental at that point and it's worked out well. We have been considering the idea of adding a seperator for the production from the other half of the plant in Watertown, and also installing the technology at our plant in Mina, which is also about 110 million gallons per year."
Please read pages 8/9.
http://www.bluetoad.com/publication/?i=48881
Last quarter, GLE said they would be replacing the older equipment in Watertown, with new.
“Whether it’s striving for better yields or coming up with a new product to market,
we are always looking for ways to enhance the revenue of GLE,” says Director of
Operations Frank Moore.
A recent example of this was the addition of corn oil extraction equipment at the
Mina facility—providing corn oil as an additional product to market from that facility.
Additionally, during the second quarter of 2013, GLE will be replacing the older oil
extraction equipment in Watertown, which is capable of extracting oil from 30 to
40% of plant production, with a new unit which will greatly enhance the amount of
marketable corn oil.
Update: GLE Watertown Begins Production With New Extraction Unit
GLE was able to take advantage of the improved
margins with increased production. “This last quarter
marked the strongest production numbers our company has
experienced,” says Director of Operations Frank Moore.
In fact, the two plants combined reached a first-ever
20-million-gallon month in December. Watertown installed
its new oil separation unit and has begun production while
Mina works on yield improvement technology, increasing
operating revenues and added value to GLE’s operations,
says Moore.
“Industry conditions improved significantly towards the
end of the quarter. Ethanol stocks nationwide are currently at some of their lowest levels
on record,” says Rob Sauer, Interim Chief Financial Officer. “That fact, combined with
reduced production levels, has driven up ethanol-to-corn spreads by over a percent,
which put us in the black.”
While some ethanol plants have slowed or even shut down, Sauer says GLE is going
full steam ahead, grinding 20.8 million bushels in the second quarter.
http://www.glaciallakesenergy.com/newsletter/2013_05.pdf
On another note, GLE said the system GreenShift installed was the 1st in the industry, they even called it experimental, in 2006! Sounds like more proof the Adkins letter was clearly experimental.
Good Luck To All!$!$!$!$!$!$!$!$
New Enzymes Increase Ethanol and Corn Oil Yield
These new enzymes from Novozymes are increasing ethanol production and liberating more corn oil in the process. If I were ICM, I would be worried my post mechanical extraction from syrup treatment is becoming obsolete. There'll be less need for back-end additives since the new front-end enzymes free up more oil to begin with. The GERS' method of mechanical extraction from syrup stands to gain.
"Novozymes, the Danish company with an enzyme plant near Blair, Neb., said it has developed a new enzyme that can increase ethanol yield from corn by as much as 5 percent, increase corn oil by 13 percent and save 8 percent on energy.
The improvements result from the combination of two new enzymes, Spirizyme Achieve and Olexa, with a third enzyme, Avantec.
A typical U.S. ethanol plant uses 36 million bushels of corn per year and produces 100 million gallons of ethanol, 300,000 tons of animal feed and 8,500 tons of corn oil. The plant can produce the same amount from 1.8 million fewer bushels of corn, adding $5 million in annual profit, Novozymes said.
Andrew Fordyce, executive vice president for business operations, said Novozymes customers will begin trying out the new technology.
Enzymes convert the starch in corn mash into sugar, which is then fermented into ethanol and other products. The new combination makes the conversion more efficient and frees up more corn oil from the grain, Novozymes said.
Corn oil is used for animal feed, biodiesel fuel and soap, among other prod"
http://www.omaha.com/apps/pbcs.dll/article?AID=%2F20130619%2FMONEY%2F130619608%2F
Good Luck To All!$!$!$!$!$!$
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10th Plant, 165 Millions Pounds, One Customer
This update on GERS' #1 largest customer's website predicts more than 165 million pounds of oil with the addition of the newest 10th plant. GERS' #1 licensee has the capacity to produce nearly 800 million gallons of ethanol a year.
"We are operating corn oil extraction systems at 9 of our plants, with the tenth expected to come online this year. The corn oil systems we installed are designed to extract non-edible corn oil from the thin stillage evaporation process immediately prior to production of distillers grains. The corn oil product is primarily marketed as a feedstock for biodiesel as well as a supplement to livestock feed.
Other industrial uses for corn oil include feedstock for rubber substitutes, rust preventatives, inks, textiles, soaps and insecticides. Our corn oil is primarily sold to biodiesel manufactures and, to a lesser extent, feed lot and poultry markets. We generally transport our corn oil by truck to locations in close proximity to our ethanol plants, primarily in the southeastern and midwestern regions of the U.S. With our continuous yield improvements we expect to produce over 165 million pounds of corn oil across our platform annually."
http://www.gpreinc.com/Corn-Oil
Green Plains to Acquire Ethanol Plant in Atkinson, Nebraska (10th plant)
OMAHA, Neb., June 3, 2013 (GLOBE NEWSWIRE) -- Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) announces today that it has signed a purchase agreement to acquire the membership interests of Choice Ethanol Holdings, LLC, the entity that owns the former NEDAK Ethanol, LLC ethanol plant located in Atkinson, Neb. and an ethanol storage and loading facility located approximately 15 miles east of the plant. The dry-mill ethanol plant will add approximately 50 million gallons of operating capacity to Green Plains' current annual production capacity of 740 million gallons.
"The acquisition of the plant in Atkinson expands our ethanol production platform and aligns with our ongoing strategy of growing our business and enhancing long-term shareholder value," said Todd Becker, Green Plains' President and Chief Executive Officer. "The plant meets our disciplined acquisition criteria and we have a deep understanding of this technology, size and geographic area. We believe we can rapidly improve the overall performance of this plant."
The ethanol plant utilizes Delta-T processing technology. The ethanol storage facility holds approximately 24,000 barrels of ethanol and is located on the BNSF rail line. Green Plains plans to staff and re-start the plant within the next four weeks. Once the transaction closes, the Company plans to begin installing corn oil extraction technology, which should be completed in the fourth quarter of 2013. Completion of this transaction is subject to standard and customary closing conditions.
Good Luck To All!$!$!$!$!$
I am afraid that it is luck that we are going to need.
bids up !
Anyone holding this stock now is holding dead money, it is too late to get out! Mark this post.
n0b0dy posts anony
SETTLEMENTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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SETTLEMENTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
No more nobody?
No more nobody?
No more nobody?
it is still here
The Skunk should have one his polls -- Number of outstanding common shares, basic as of August 15, 2013. Make it simple: Less than 200 million, greater than 200 million. It would be very interesting to see what that sentiment is, especially for folks currently holding shares.
More than 10% of the last reported common share count turned over in five minutes. Who would buy those now and since they were "sells" why didn't the price fall?
http://www.biodieselmagazine.com/articles/9178/reg-starts-operations-at-new-boston-texas-biodiesel-refinery
Ethanol weakened against gasoline with production recovering from last year’s drought.
The spread, or price difference, widened 0.9 cent to 27.36 cents a gallon, a day after the Energy Information Administration said production last week rose to 885,000 barrels a day, equaling the most since June 15, 2012. Run rates are above-average for this time of year, data compiled by Bloomberg show.
“Ethanol production is on the upswing,” said Dan Flynn, a trader at Price Futures Group in Chicago.
Denatured ethanol for July delivery increased 0.3 cent to $2.469 a gallon on the Chicago Board of Trade. Prices are up 13 percent this year.
Gasoline for July delivery rose 1.2 cents, or 0.4 percent, to $2.7426 a gallon on the New York Mercantile Exchange. The contract covers reformulated gasoline, made to be blended with ethanol before delivery to filling stations.
Ethanol production has exceeded 850,000 barrels a day for seven weeks in a row, helping stockpiles rebound 1.9 percent to 16.3 million barrels from an all-time low on June 7. Production sank to 770,000 barrels a day in the week of Jan. 25, the lowest level since the EIA began weekly records in 2010.
What a difference a year or two makes when it comes to the biodiesel industry.
“Overall, in the industry it is much better than last year,” says Steve Nogel, vice president of the renewable fuels group at AGP in Omaha.
It’s a sentiment echoed by others in the biodiesel industry. While few plants are being built this year, many that were closed are reopening and the ones that remained open are increasing production.
“Iowa biodiesel producers are primed to have a record year this year,” says Randy Olson, executive director of the Iowa Biodiesel Board.
There are several reasons.
First and foremost is the fact the renewable fuels standard (RFS) considers biodiesel an advanced biofuel and includes a target of 1.28 billion gallons for 2013, Olson says.
He adds it is possible the industry could produce as much as 1.5 billion or 1.6 billion gal. in 2013. That would be an increase of roughly 50 percent from 2012.
We have just witnessed the worse day for dilution in the history of this company. I vote for greater than 200 million shares to be reported in August, heck at this rate we could double to 280 million in just one quarter.
1046 633 dipchit donkey boy
you dont know that to be a fact
You sold nobody who cares u sell out
Just wait until the 2016 elections when a republican gets the presidency. All this smoke and mirrors will vanish into the fields. Hydrocarbons and coal will be king again. Sorry, I hope that is not the future.
The last time I observed something similar to what is going on here was when I was an orderly in a MASH Unit in Korea. I have not seen so much death and dying since then. The stench of putrid flesh and the aroma found here bring back too many bad memories.
donkey boy repubs put rfs in place
yea 1132 icms not good are they
High corn prices that stifled the ethanol industry last year seem to be a thing of the past, [ ]
corn prices shot above $8 per bushel, because of the drought, but since then have come back down. Corn prices dipped earlier this month [ ]
What a difference a year or two makes when it comes to the biodiesel industry.
“Overall, in the industry it is much better than last year,” says Steve Nogel, vice president of the renewable fuels group at AGP in Omaha.
It’s a sentiment echoed by others in the biodiesel industry. While few plants are being built this year, many that were closed are reopening and the ones that remained open are increasing production.
“Iowa biodiesel producers are primed to have a record year this year,” says Randy Olson, executive director of the Iowa Biodiesel Board.
Bid/Size
0.0017 / 200,000
Ask/Size
0.002 / 9,542,100
Any ideas where all those million of shares are coming from?
donkey boy
What is going on?
Ask/Size
0.002 / 10,532,100
We need an investigative journalist to ask: where, what, why, how?
Ethanol weakened against gasoline as corn futures touched the lowest level since October 2010 after the U.S. raised planting estimates.
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Bla-bla greeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeennnnnnnnnnnnnnn!!!!!!!!!!!! Klown
The only thing green here is the mold on this dead carcass.
Price Size Mkt Time
$0.0017 35,000 OTO 10:21:41
$0.002 10,000 OTO 09:43:14
$0.0017 30,000 OTO 09:30:09
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donkey boy jackass loser
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