Thursday, January 23, 2014

Disclosure and Withdrawal


Little Sioux

SW Iowa

Western NY



Pacific Request
Withdrawal Granted

GEA Seal
Adkins Seal



Anonymous said...

Bid/Size: 0.0002/64,828,898
Ask/Size: 0.0003/6,985,000
Volume: 7179800

Anonymous said...

Bid $13,000 Ask $2,000

Anonymous said...

Last: 0.0003
Change: 0.00 (0.00%)
Bid/Size: 0.0002/64,828,898
Ask/Size: 0.0003/6,975,000
Volume: 7189800

nobody123789 said...

Slashnuts' speculation that ADM is a client of GERS seems very unlikely now as we have learned from today's filings that Little Sioux is owned, in part, by a a wholly owned subsidiary of ADM.

Slashnuts said...

By that logic, Cargill would be licensed as they owned part of BIOF. I don't think it proves anything one way or the other.

nobody123789 said...

I am confused, haven't you stated that because of the relationship of BIOF and Cargill that GERS was doing business with Cargill?

Slashnuts said...

I think GEA's refusal to sell these centrifuges unless producers are licensed with GERS was one of the more influential factors in the BIOF deal.

It's something that's not mentioned much here. Westfalia, GEA, is a lead defendant. There position is any ethanol plant wanting to purchase equipment for corn oil extraction must 1st license with GERS. BIOF bought Westfalia (GEA) centrifuges for both the plants that GPRE now owns.

This speaks volumes about how unconfident GEA is in the "fish water flier".

It appears ICM is also backing down from their indemnification pledge as well, leaving producers like PEIX on the hook. I would do the same thing if I was Dave, especially with the patent office rejecting their applications in light of the patents already being owned by GERS.

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