Friday, August 9, 2013

Another GERS Patent

Dave Winsness, the GreenShift Chief Technology Officer recently came through with another approved patent .  Method of blending fuels and related system "8,489,233" was patented on July 16, 2013.  It is associated with 8,352,071 which was patented on January 8, 2013.  The assignee for both is GS Cleantech Corporation. 




nobody123789 said...

If you haven't been paying attention:

"Assignee: GS Cleantech Corporation (New York, NY) "

AND the earlier patents are either pledged as collateral for the YAGI loan or also assigned to GERS.

In other words, if/when YAGI calls the note they own everything worth anything in this company.

In other words, if/when YAGI calls the note the $125 million + that common shareholders have paid to support this development and litigation is wiped out in an instant.

In other words, if/when YAGI calls their note a $25 million note is worth hundreds of millions (Court award, penalty, and market value of court documented and validated patents).

If you were in the queen's chair as YAGI is, what would you do? That's right, wait until the common shareholders pour more money into the ligation pot, wait until the closure is almost competed (many months to years from now) and then call the note and walk away with a windfall to support your financially troubled company.

Note to those that say, "but they have had the chance and have not done this yet". The response is why pay out of our own pocket to conclude this litigation necessary to line your pockets if the common shareholders continue to do so.

Any wonder why real money will not venture here despite all the positive prospects? Why the PPS continues to fall despite all the positive outcomes in the MDL suit? The answer goes far beyond and is far more significant than just the bane of dilution. I also wonder if KK's preferred shares would survive the calling of the note since they are senior to the common shares? Would KK and YAGI walk away with everything, with no fiduciary responsibility to the common shareholders and the fortune they have lost building one for them?

Now, you get it!

Anonymous said...

shut up. go away. there are more stock to play for you. bye.

Anonymous said...

quack/\ parrot on crack/\ quack repeat repeat

nobody123789 said...

The intelligence of these responses speaks volumes about how KK and YAGI can get others to pay for their fortune.

Anonymous said...

quack/\ parrot on crack/\ quack repeat repeat

Anonymous said...

Are these patents for blender pumps?

Anonymous said...

... and greenshift is not a plaintiff.

Slashnuts said...

AOS Lawsuits, Will Valero Get Nailed Next?

So much for GERS' "not going after the big fish". The latest patent enforcement suit is against a plant BG has a large ownership in.

The new wave of patent enforcement seems focused on infringers using the AOS. PEIX, Western New York Energy, SIRE/BG, are all infringers using the AOS.

In light of these facts, Valero's statement, two years ago, can now be looked down upon as flat out false.

"> From: "Gillingham, Jim"
> Date: September 20, 2011 3:56:46 PM EDT
> > Subject: RE: Corn Oil System
>> ICM and Greenshift are involved in patent litigation stemming from an earlier form of corn oil extraction technology. Valero is not a party in that litigation.
> The ICM AOS process which we are licensing is a new technology with a pending patent which is different from the older technology and is not the subject of the ICM/Greenshift litigation.
> Thanks.
> Jim "

Wrong Jim. The AOS is now the subject of this litigation.
The revised Marksman ruling made it clear and extracting oil from concentrated stillage is exactly what the infringing AOS does.

ICM refuses to submit to discovery regarding the AOS out of fear more infringers will be prosecuted. Their resistance is futile, they will be forced to comply by the courts.

ICM refuses to explain how adding a solvent after extracting oil from syrup circumvents GERS' patents. The reason why is it doesn't. The smoke and mirrors of an "emulsion stream" means nothing as GERS' patents have interpreted the stream to include oil and water.

Is it any wonder why ICM has gone from publicly bragging about AOS buyers (pre Marksman propaganda) to refusing to name anymore customers post Marksman?

Isn't it interesting Western New York Energy considers the AOS lawsuit against them to be about the same technology as the lawsuit against ICM. They're not even trying to distinguish it as different technology.

We're coming for you Valero, the AOS is the subject of this litigation...

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

Slashnuts said...

Another thought, Valero has been "studying the possibility" of adding the AOS to the rest of their plants for two years.

Have they determined anything yet? Are they wondering why GERS' licensed producers are extracting .7, .88, and .90 pounds and they're stuck at .5 to .6? Not to mention wet cake extraction, 1.5 pounds.

Is Valero spooked by the liability of infringing hence the hesitation of acknowledging a continued rollout? Or are they just simply not happy with ICM's failed attempt to work around the patents?

Maybe ICM's failed defense of, "we're not infringing because our systems don't extract as much oil as GERS'" stuck in Valero's mind.

One thing is for certain, GERS' is a summary judgment ruling away from converting the rest of the industry into paying customers...overnight.

The treble damages from Valero alone are more than enough to repay all outstanding debt.

Even past dues owed by a single 110 MGY plant (infringing for 7/8 years) is enough to eliminate all debt.

Lastly, has ICM changed their tune on indemnification? I see no indication that ICM has assumed the defense of PEIX, WNYE, Guardian, etc...

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

nobody123789 said...

Why are you certain that damages will go to retire debt? That is still an assumption.

Anonymous said...

8/5/2013 Memorandum in Opposition to Motion to Stay 10 pages Guardian Ethanol, LLC
Skunk can blog this please?

Slashnuts said...

GERS' "Big Oil" Customer, MPC, Increases Ownership

MPC Increases Ownership in ANDE Partnership Plants in a $75 million deal.

ANDE and MPC's ethanol plants are licensed with GERS.
These plants are setting new records for ethanol and corn oil production, recently achieving an astonishing .88 pounds of oil per bushel. It's no wonder MPC wants a bigger piece of this profitable venture.

"The Andersons Clymers Ethanol LLC (“TACE”), in which we had a 36 percent interest during the six months ended June 30, 2013 and 2012, and The Andersons Marathon Ethanol LLC (“TAME”), in which we had a 50 percent interest during the six months ended June 30, 2013 and 2012. These companies each own an ethanol production facility. Subsequent to June 30, 2013, we increased our ownership interests in TACE and TAME.

On August 1, 2013, we acquired from Mitsui & Co. (U.S.A.), Inc. its interests in three ethanol companies for $75 million in cash. Under the agreement, we acquired an additional 24 percent interest in TACE, bringing our ownership interest to 60 percent; a 34 percent interest in The Andersons Ethanol Investment LLC, which holds a 50 percent ownership in TAME, bringing our direct and indirect ownership interest in TAME to 67 percent; and a 40 percent interest in The Andersons Albion Ethanol LLC, which owns an ethanol production facility in Albion, Michigan. We expect to hold a noncontrolling interest in each of these entities and account for them using the equity method of accounting."

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

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