Monday, March 31, 2014

GERS 10K 2014

Annual Report is out HERE
Mondays are good . . .

These costs increased during 2013 and are expected to continue through 2014 in advance of trial, and as we expand our litigation this year to protect the competitive advantage of our licensees by prosecuting additional producers and other parties infringing our patents.

Revenues for the year ended December 31, 2013 were $15.5 million as compared to $14.5 million generated during the year ended December 31, 2012.

We generated $8.7 million in gross profit for the year ended December 31, 2013 as compared to $8.5 million for the year ended December 31, 2012

. . . we hope to complete a financing during 2014 to refinance and recapitalize all of our remaining convertible obligations.

SkunK

41 comments:

Anonymous said...

File for bankruptcy so that it will save millions of dollars for naive investors and at the same time no more worry for the toxic financials.

Anonymous said...


The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company recorded a loss from continuing operations of $2,347,707 for the year ended December 31, 2013. As of December 31, 2013, the Company had about $3.9 million in cash, and current liabilities exceeded current assets by about $42 million, about $25 million of which is due to current obligations convertible into Company stock.

These matters raise substantial doubt about the Company’s ability to continue as a going concern.

O MY!

Anonymous said...


Our lenders own convertible debentures issued by the Company, which permit our lenders to acquire Company common stock and resell it to the public. At the current market price, our lenders could collectively convert their debentures into over 90% of our outstanding common stock. We will be implementing a 1-for-100 reverse stock split in April 2014. However, it is likely that resale of shares by our lenders will continue to reduce the market price for our common stock and cause substantial dilution.


It is possible, therefore, that ADDITIONAL!! reverse stock splits will be required in the future.

Anonymous said...

Is this their way of saying good-bye, so long, farewell, good night, its been fun, gotta run, see ya, wouldnt want to be ya?

Anonymous said...

Take it as you please, you can interest yourself for another ticker anytime. Nobody is forcing you to buy GERS.
I see nothing scary that I've not seen before. Just a normal start-up
I bet you wish you could short this puppy as an ordinary retailer would. Good to hear you lost money on the long side or that you want to enter at lower prices. Me for one is content with the figures. You might try to scare the other ones?

Anonymous said...

i guess you havent been here very long. scare the other ones??? i did not create the reference, the company did, and ... cant scare fools.

Anonymous said...

WOW!!!

10kA Amendment!!! They filed an amendment!!!


Oh, wait, its gone now. It was there!!! I swear it!!! I saw it!!! Poof, its gone!!!

Anonymous said...

glad i lost money? you sound like my wife.
honey is that you? xxx

Anonymous said...

It is amazing that these people had audacity to collect $250,000 salary plus bonus in 2013 while making naive investors go bankrupt.

Name Year Salary Bonus

Kevin Kreisler 2013 $ 250,000 --
2012 250,000 --
2011 219,250 --

Edward Carroll 2013 250,000 --
2012 250,000 --
2011 223,077 50,000

David Winsness 2013 250,000 --
2012 250,000 --
2011 153,846 --

Greg Barlage 2013 150,000 --
2012 150,000 --
2011 122,692 --

Richard Krablin 2013 150,000 --
2012 150,000 --
2011 133,769 --

Anonymous said...

Naive investors that go bankrupt whilst investing in a start up deserve to lose all!

Anonymous said...

I am surprised that this is all they make given their education levels and dedication.

But they understand that the big payoff is right around the corner! I will be adding more shares but in approx. 3 months, or when the stock reverses and then drops back about 50%. My buy will coincide with the release of Q1 numbers. In the meantime, we look forward to a positive summary judgment. Love, KissyKat

nobody123789 said...

Sorry Skunk, but your last quoted line doesn't cut it any more. They have been saying this for several years without any sign of success. All we see is the high likelihood that YAGI threatened to call the note last year as GERS was required to give up 20% of the gross legal proceeds and increase cash payments. (Does anyone think that GERS would volunteer to do this?) We are in deep trouble here and no white washing can cover it up any more. We have no way of paying off the note on time, we are hemorrhaging cash, and YAGI could make a fortune by selling the patents which collateralize the loan.

From 2013 10-K: “Repayment of the balance of these obligations in cash has been and remains an important objective for us, and we hope to complete a financing during 2014 to refinance and recapitalize all of our remaining convertible obligations.”

From 2012 10-K: “ Repayment of the balance of these obligations in cash has been and remains an important objective for us, and we hope to complete a financing during 2013 to refinance and recapitalize all of our remaining convertible obligations.”

Anonymous said...

After carefully reading everything over several years there is only one conclusion that any right thinking person can come to. Dump everything today -- it is the most you will be able to get for your holdings for a long time, perhaps ever. I have never posted before and I am following my advice at the open.

Anonymous said...

If YAGI can make a fortune selling the patents then the patents are worth a fortune.....

From the 2014 10-K “Repayment of the balance of these obligations in cash has been and remains an important objective for us, and we hope to complete a financing during 2014 to refinance and recapitalize all of our remaining convertible obligations.”

So what?

Does anyone believes that GERS would volunteer for spending money on lawyers? The patents have to be enforced otherwise they are worth zilch.
Sure enough there will be many who want the demise of GERS

Nice word huh? hemorrhaging you used it about 29 times in your posts in the last 24 hours, massive dilution not working anymore?

Off course as a master of the stock market you could not read SEC files 9 years ago, you had only this year a revelation on why there was "missing " revenue, were you totally wrong on their non-ability to dilute the last couple weeks, have you been wrong on their bankruptcy at least the last 4 years, did you prove that your accounting skills are way off and generally haven been wrong since your first buy 9 years ago and still handing out free investment advice, what a schmuck.

Anonymous said...

That's cool man your first post and your last all in one!

bye bye

nobody123789 said...

I stated that they could not "massively dilute", piddly tens of millions of shares that were still available by their own accounting should be of no concern except to the emotionally unstable. I stand by their words that they will massively dilute again after the R/S. My definition of "massive dilution" -- doubling or more of the OS in a quarter. Your feeble attempts to white wash and redirect attention in order to save your meager holdings have back-fired again.

Anonymous said...

I'm out at 0.0004 in the weeks you will be begging for that price.

Anonymous said...

Nonsense they can dilute easy for $ 20.000.000.000

Your feeble attempts to post anything without a lie is pity full.

nobody123789 said...

I must conclude that you cannot read or you do not know what AS means:

"As of March 17, 2014, of the 2,500,000,000 shares of common stock authorized ..."

That explains why you are losing your shirt here.

Anonymous said...

The smart ones are following my exit.

Anonymous said...

I am definitely following to the exit.
I have lost all my assets so far thanks to Slash's advice. I don't want to lose my wife.

Anonymous said...

I'm afraid you are trying to think for me, your measly brain wouldn't be sufficient for 1% of that task.

It is exactly as said they have yesterday, today, tomorrow or any other sodding day the possibility to dilute anywhere from $ 1 to $ 100.000.000.000
You might call in the help from your friend the "accountant"

Anonymous said...

there is another one, lost all your assets? Stupid is as stupid does.
Even worse blaming a message board news poster, WOEHAHAAA
Get real you deserve to lose more then your assets, let us explain to your wife how to invest wisely, beginning by starting to kick you out.

Still hanging around after you sold huh? Probably want to wallow in others peoples perceived misery?

Anonymous said...

Up to now we have the grand total of less then $ 32.000 "smart ones" fleeing. Not even worth posting you will sell ALL.

Anonymous said...

Oh man. These days hearing the word "corn oil" makes me sick. I have switched to Olive oil long time ago.

nobody123789 said...

The white wash is very pale indeed.

Anonymous said...

Appeal a Summary Judgment???

Ya, but only if ICM puts up a couple hundred million in cash for an Appeal Bond for the court to pay GERS in the (likely) event of a loss.

Thats an awful lot of cash to bet on Red Double Threes!!! Doncha think???

nobody123789 said...

Better do some research on what it costs to buy a supersedeas bond. Only a small fraction of what the Court, not GERS says is required. "Doncha think" reading and learning are important in this gambit. The fact is that this type of bonding is very common and a business onto itself.

http://www.suretyone.org/?gclid=CO6wvuTLv70CFYtDMgodo1oAJw

Anonymous said...

the amount of damages is very popular, dont have to read (more). but you might try it.

Anonymous said...

haha n0b0dy here still crying lmao what a tool. learn to trade and not cry on many forums hahah
sucker

nobody123789 said...

Hey sucker, I am out and have been out, traded monstrously from 0.0002 - 0.0003 to 0.0012 - 0.0014. And I still know how to speak English, why you ride this thing to 0.01 post R/S. I will ride in and scoop up a million or so shares form my monstrous profits just before the R/S and sell them to you, sucker, at ten times that after the SJ just before the bottom falls out again due to massive dilution. Now who is the sucker now?

Anonymous said...

Where is Slash?
He said that GERS clients were making world record profits in 2013.Then where ARE the record profits of GERS? ANSWER: Into the pockets of the crooks.

Anonymous said...

nice volume

Anonymous said...

"SANTA CLARA, Calif., April 1, 2014 /PRNewswire/ -- Marvell (NASDAQ: MRVL), a global leader in integrated silicon solutions, announced that on March 31, 2014, the United States District Court for the Western District of Pennsylvania issued its judgment on the remaining motions in a lawsuit brought by Carnegie Mellon University ("CMU") against Marvell and Marvell Semiconductor, Inc. ("MSI"), Marvell's U.S. operating subsidiary. The Court rejected CMU's motion for an injunction which would block Marvell from selling chips that the jury found to be infringing. The Court also rejected CMU's demand for approximately $326 million in pre-judgment interest, and substantially scaled back CMU's request for enhanced damages. Based on these decisions, the Court calculated the damages, including enhancement, to total approximately $1.54 billion. The Court held that under its decision, CMU is entitled to post judgment interest and an on-going royalty.


Under the schedule set by the Court, the parties now have until April 15, 2014 to propose terms of a final judgment, consistent with the Court's orders. Once final judgment is entered, Marvell intends to immediately appeal to the Federal Circuit Court of Appeals. The Court recognized that "the prior filings related to the parties' bond disputes indicate that Marvell would likely be qualified for a bond in an amount of $1.5 billion," and stated that this is "an amount which will cover the current judgment. [ ]"


Read more at http://www.virtual-strategy.com/2014/04/01/marvell-technology-group-appeal-patent-decision#MtchzGOrJSo01mTD.99

Anonymous said...

maybe some positiv considerations after the total blackout:

total current portion of convertible debentures were reduced by $ 4.5 million from 2012 to 2013 ($ 32.2 to $ 27.7 million).

regarding $ 4.6 million payed professional fees and - $ 2.3 million loss from operations in 2013, without litigation, there would be another $ 2.3 million left to repay the dept from ongoing operations. in total it could be $ 6.8 million to repay dept per year. so in approx 4 yrs we would be out of dept! without final outcome of litigation!

in former post: Anony March 31 at 2:40 PM mentioned 0.0002 $/share, regarding all liabilities and a conservative cash-mulitplier of 10x, it should be the bottom line. from now on, for the first time over years, real shareholder value could be generated...

Anonymous said...

Stupid as it is.
Reduced amount of convertible debentures is good news ONLY to the crooked company. To the common share holders, it is called "SEVERE DILUTION". Got it my friend?

Anonymous said...

"YA Global and its assignees collectively converted about $986,000 due under their debentures into shares of our common stock".

so $ 3,5 million of debentures is reduced without DILUTION.

Anonymous said...

haha n0b0dy making upo story about trading, you not good trade you lose and cry on forum haha. by low sell high idiot sucker LMAO
stop making stories up

Anonymous said...

hemp is NOT mj!!!!!!!!!!

Anonymous said...

why not new refinance in 2014?

2011: total revenues $ 20.0 million
2012: total revenues $ 14.5 million
2013: total revenues $ 15.5 million

its a quite good track record, and with $ 8.7 million gross profit in 2013 there is enough margin for repayment.

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