In GERS land we have been watching another COES Patent wind its way through the USPTO system. Some time ago we saw the Notification of Allowance. Unless GERS decided to send it back with more updates - it was just a matter of time until it became official. Well now it is official:
Method and systems for enhancing oil recovery from ethanol production byproducts
See HERE
SkunK
Credit to Slash for catching this first. Thanks for posting the news in the comment section.
Tuesday, March 25, 2014
Subscribe to:
Post Comments (Atom)
Posts
38 comments:
Neither hide nor hair of earnings... My guess is that they file for a 30 day extension...
They cannot get a 30 day extension. And do not get too excited; if they were going to be good, the R/S would not have been necessary. In any event, earnings, revenues, etc., all those things that drive most stocks have little impact here. Dilution, YAGI, court awarded damages, and/or new financing; that is all that really matters to GERS PPS.
3/27/2014 Reasons For Allowance! 14/087,229 Another New Patent!$!$
This application has just been allowed into yet another biocomposite patent!$!$
GreenShift now has as many Biocomposite patents as they do oil extraction patents.
There's something BIG brewing with this new technology.
I believe this is truly the "other new systems" GERS told us their customers are interested in.
This biocomposite technology turns an ethanol production waste stream into a valuable natural plastic additive.
It reduces energy consumtion for ethanol plants and generates a new revenue stream.
14/087,229 MULTIFUNCTIONAL BIOCOMPOSITE ADDITIVE COMPOSITIONS AND METHODS
The reasons for allowance are not yet able to be reviewed.
Transaction History
Transaction Description
03-27-2014 Reasons for Allowance
03-27-2014 Examiner's Amendment Communication
03-27-2014 Interview Summary - Examiner Initiated - Telephonic
03-27-2014 Interview Summary - Examiner Initiated
03-27-2014 Date Forwarded to Examiner
http://portal.uspto.gov/pair/PublicPair
Good Luck To All!$!$!$!$
Has anyone else noticed that we nee to add one more element to my list above? Patents!
Thank you Kevin's dad!
By the way, I may head to Florham Park, NJ this weekend to see if Mrs. Kreisler will join me for a cup of coffee... Unless she is heading to the Pocono's...
Distillery Co-Products
In addition to beverage spirits and food grade industrial alcohol, MGP produces corn oil, distillers feeds and a certain amount of fuel grade alcohol. Each of these co-products serves distinct customer needs across a diverse range of markets. Additionally, from a grain optimization standpoint, the value of these co-products is clear: the more total use of a resource, the greater the impact on production efficiencies, not to mention conservation efforts. An extraordinary 98.5% of all the raw materials MGP uses is returned in forms that have viable commercial applications.
Corn Oil
Contained in corn germ, corn oil is recovered from syrup produced during the alcohol production process before being added to dryers used in the manufacture of distillers feeds. This is accomplished at MGP using an innovative, state-of-the-art corn oil extraction system. The corn oil we produce is principally used by manufacturers of biodiesel, and also as a rich supplement, or fattening agent, for poultry feed applications
Was that really you Slash? Where is the "Good Luck To All!$!$!$!$ "?
Sure missed the heckling after every comment posted....NOT! Thought he was suppose to be gone for TWO weeks, Europe kick him out early?
Valuable chemicals and different polymeric products such as coatings, adhesives, elastomers, foams, plasticizers, and epoxy resins.
Non Technical Summary
Scientists at the Kansas Polymer Research Center (KPRC) at Pittsburg State University will create a novel range of chemicals from corn oil suitable for application in polymers in a new project for the Cooperative State Research Education and Extension Service of the U.S. Department of Agriculture.
The utilization of "distiller's grain" crude corn oil is being discussed with Midwest Grain Products, Achison, KS and Greenshift
The project will have a significant impact for the company by developing new uses for what is currently a waste by-product of their production process.
The objective of the project is to convert the corn oil to valuable chemicals and different polymeric products such as coatings, adhesives, elastomers, foams, plasticizers, and epoxy resins.
Corn oil recovered from corn distillers' dry grains with solubles (DDGS) represents a very low cost, bio-based starting material for the chemical and polymer industries. We have been successful with many of our chemical transformations that are necessary to convert a rather inert corn oil into a more reactive building block.
Corn oil recovered from corn syrup (a by-product of ethanol production) is a lower grade vegetable oil unsuitable for food but is an extremely valuable source for a number of oleochemicals. The advantages of this oil are: (1) An abundant supply estimated to be several hundred thousand tons per year in the U.S. alone, (2) An extremely attractive price of about 1/4th the price of soybean oil, and (3) A favorable fatty acid composition that is rich in oleic acid. The objective of the project is to convert the corn oil to valuable chemicals and different polymeric products such as coatings, adhesives, elastomers, foams, plasticizers, and epoxy resins. The technology applied will involve the functionalization of corn oil by epoxidation and ozonolysis, followed by different chemical processes to obtain starting materials for a wide range of industrial and household products. Producing these products from renewable resources will help reduce the U.S. dependence on imported petroleum and create new markets for the nation's agricultural sector. The new chemicals could eventually replace more than 10 million barrels of petroleum per year. The industrial partner for the project is MGP Ingredients, Inc. of Atchison, Kansas, a long-time producer of ethanol for both food and fuel use, as well as a wide range of foods and food-additives. The project will have a significant impact for the company by developing new uses for what is currently a waste by-product of their production process. The project will be conducted over the next three years at the new Tyler Research Center on the campus of Pittsburg State University. This 22,000 square foot, state-of-the-art facility offers all of the capabilities needed for the project. Supplemental research will be performed in the PSU Chemistry Department. The Kansas Polymer Research Center is known throughout the world for its work in converting vegetable oils to polymers for use in industrial polyurethanes.
Impacts
The objective of this project is to convert the corn oil to valuable chemicals and different polymeric products such as coatings, adhesives, elastomers, foams, plasticizers, and epoxy resins.
http://portal.nifa.usda.gov/web/crisprojectpages/0218787-kansas-polymer-research-center-useful-chemicals-from-corn-oil.html
GreenShift's Biocomposite Processing Technology
Patent issued: 8,598,256
Patent Issued: 8,449,986
Patent Allowed: 13/863,758
Patent Allowed: 13/892,347
Patent Allowed: 14/087,229
Title of Invention: MULTIFUNCTIONAL BIOCOMPOSITE ADDITIVE COMPOSITIONS AND METHODS
Good Luck To All!$!$!$!$!$
A Newly Discovered GERS Licensee, MGPI
GreenShift Investors, welcome MGPI, a newly discovered GERS licensee...
MGP Launches Corn Oil Product Following Installation of New Process
"He also cited “the outstanding work and expertise” of GreenShift Corporation, the company which developed the patented extraction system and provided direct assistance during the installation phase at MGP."
(Nasdaq/MGPI) has announced the addition of corn oil to the company’s portfolio of grain-based distillery co-products. Manufacturing of this new line began recently following the installation of a state-of-the-art corn oil extraction system at MGP’s Atchison, Kan., facility.
“We had a great group of experts working on this initiative, and the success of their efforts is shown by the fact that the project was completed on schedule and in a very smooth, well-coordinated manner,” said Randy Schrick, Vice President of Engineering. “The result is the introduction of a new product that we expect to add increased value to our distillery processes and output.”
Corn oil is contained in corn germ and is recovered from syrup produced during the alcohol production process before being added to dryers used in the manufacture of distillers feed. It is sold principally for use in producing biodiesel, and also as a supplement, or “fattening agent,” for poultry feed applications, Schrick noted.
Schrick credited the efforts of several plant employees and staff for “giving us the ability to expand our distillery product offerings through this project.” He also cited “the outstanding work and expertise” of GreenShift Corporation, the company which developed the patented extraction system and provided direct assistance during the installation phase at MGP.
About MGP
MGP is a leading independent supplier of premium spirits, offering flavor innovations and custom distillery blends to the beverage alcohol industry. The company also produces high quality food grade industrial alcohol and formulates grain-based starches and proteins into nutritional and highly functional ingredients for the branded consumer packaged goods industry. Distilled spirits are produced at facilities in the adjacent towns of Lawrenceburg and Greendale, Indiana. The company is headquartered in Atchison, Kansas, where a variety of distilled alcohol products and food ingredients are manufactured.
http://www.mgpingredients.com/news-and-press/MGP-Launches-Corn-Oil-Product-Following-Installation-of-New-Process-191815891.html#sthash.zlo5XaUC.dpuf
Good Luck To All!$!$!$!$!$!$!$
Nice work slash
Unless YAGI gets taken care of, there is no hope for this ultra penny stock.
Toxic financials. Stay away from this stock my friends.
Suddenly we" have a " friend"
DVG's wife has no friends. Can't believe she stills posts here!
cbs evening news=biomass gasification???
new york???
zreopoint???
How come this website knows better insider information than the company itself?
SEC should take a look at this boiler company.
10K out. As expected, the AS is maxed out, watch out for massive dilution after R/S. Loss of $2 million in shareholder equity in the last year. $2.5 million in income for 2012, while net loss for 2013 was $4.4 million, a differential of almost $7 million less income in a year when so many thought that new revenue streams, and record years for our clients would signal more revenue/income for GERS. As expected by some this was not to be and it turns out it wasn't. Why else would they be diluting so massively? Hopefully, common sense starts to prevail, an unreasonable expectations start to fall.
Last quarter when our clients were reporting record profits and revenues GERS income went from $480,731 for the first nine months to a loss of $2,347,707 for the year. In other words, a loss of $2,828,438 for the last quarter. Can anyone remember a worse quarter, particularly considering the record profits for our clients?
Good luck to all doesn't seem to be working (again). We need more than luck to avoid disaster at this rate.
"Our debt with Yorkville Advisors matures on December 31, 2014. If we are unable to raise capital to pay off the debt, or obtain an extension we will be in default of the loan covenants".
"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".
Translation, if folks stop buying common shares we go belly up?
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
Operating expenses for the years ended December 31, 2013 and December 31, 2012 were about $11.1 million and $5.9 million, respectively. Operating expenses during 2013 included $200,000 in bad debt recoveries realized during the period, a $2.5 million loss on write-down of an investment and $4.6 million in professional fees, of which about $2.4 million was accrued and not paid during the year, as well as about $500,000 in research and development.
Our increased legal costs during 2013 were incurred primarily in connection with our ongoing litigation for patent infringement and the completion of amended agreements with YA Global. We produced about a $2.3 million loss from operations during 2013 as compared to about $2.6 million in operating income in 2012.
Basically, if we do not get a SJ that forces a settlement we have a very good chance of going out of business. Waiting the months/years for court award to be in the treasury is not a reasonable option any longer, we are hemorrhaging cash. I think counting on the proceeds of massive dilution to stay afloat is very shaky at best. Soon there will be no more buyers.
Net loss for the year ended December 31, 2013 was about $4.4 million
We need Slash to pump it up again. Where is Slash?
Our primary source of liquidity during 2013 was cash produced by our operations. During the year ended December 31, 2013, we produced about $5.3 million in cash from our operating activities and we used about $3.5 million in our financing activities.
We owe about $23 million in debt to YA Global. We paid YA Global and their assignees a total of about $3.0 million in cash during the year ended December 31, 2013, and YA Global and its assignees collectively converted about $986,000 due under their debentures into shares of our common stock. 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, about $1 million dilution in 2013. What about in 2014? And still management gets paid handsome salary.
$5.3 million in cash from operating activities x 10 = 53 million - 49 million Total Liabilities = 4 million Net Value / 20,000,000,000 shares = 0,0002 $/share
what happens if they dont pump it and it drops below a penny after the split?
Competent managers prefer getting paid by their stock performance. Whining managers want to steal money from naive investors.
Hey Slash,
We need your pumping badly.
At least your pumping makes us have a big pipe dream.
Wouldn't YA stand to make a lot more money holding onto the shares as opposed to flooding the market with the shares? They must really need the money!
I would be a supporter of GERS and help them build the company up. I really get the feeling that ol Kevy and Kissykat are going to get the carpet pulled out from underneath them by Kev's old college buddy! And we wonder why they don't own any share!!!
We?
I like this report just fine as we go along. For low risk I advise previous posters to buy treasury bonds.
Post a Comment