As we approach the ten year anniversary of when GreenShift invented commercial corn oil extraction, I have watched this dry mill ethanol industry go from distain, to skepticism, to discovery to acceptance. I have seen some transform - from ridiculing the concept of corn oil extraction - to now arguing that it was so obvious that it should not be patented.
Time makes fools of us all.
See Here
SkunK
Wednesday, April 30, 2014
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23 comments:
lol nn0b0dy being loser for 10 years hahahahhahaa
donkey broke abd cry all time now 3 forums
Almost two years after Apple and Samsung faced off in a messy patent dispute, the smartphone and tablet rivals have returned to the same courtroom here to argue once again over patents before Judge Lucy Koh. Apple is arguing that Samsung infringed on five of its patents for the iPhone, its biggest moneymaker, and that Apple is due $2.2 billion for that infringement.
So far, Apple is ahead when it comes to litigation in the US. Samsung has been ordered to pay the company about $930 million in damages.
No comment on the Apple/Samsung Patents but this is a good chance to show I am not a Robot! DOHLE
Good Heavens! I just misspelled my own name! DHOLEeothero place
Correct me if I am wrong, doesn't this likely mean that who ever held this was willing to take a huge hit (discount) instead of risk getting nothing if BK was forthcoming?
"Effective on April 30, 2014, GreenShift retired convertible debentures with an aggregate outstanding balance of $3,700,000, consisting of outstanding principal and interest of $3,609,205.76 and $90,794.24, respectively. GreenShift made a cash payment of $1,400,000 to retire the debentures".
Doesn't this represent a 62% discount? One would have to be very creative to conjecture why such a discount was in the note holder's benefit, unless something is better than nothing ....
62% discount yagi 17, mill gers debt free w/ 6.5,mil payment to ya
anyway more manageable refy all conv deben
Do you really think that YAGI would foreclose on its leverage to take over patents worth hundreds of millions by giving GERS a discount?
did u think last week 3.7,mill in yagi asignee debt would be gone for 1.4, mil?
You view that as a healthy outcome, as stated above I am fairly certain that it represents great weakness.
if lower debt is weakness- higher debt is strength,, that makes you stupud
No, not understanding the reason for the discount and assuming that it means nothing is stupid. I can understand why you are so far in the hole here.
if yagi settled out for $1,, the skys falling?
u make no sense. u say no yagi discount..issue to valuable. then u say assignee settled out no value here
pick a argument
u argue both ways how can you lose? why not just say u don't understand?
Illogical psycho babble. A confused mind unable to comprehend a stream of consciousness -- I did not say what you have inferred.
your follosphy is if 5,mill paid down 2 mill debt that's good. makes the debt more valuable. ?that's stupud grasp for straws thing ever heard
u said exact. yagi wouldn't discount its worth 100,, mill. worth to much
.then u say note holder worthless better then 0..both sides of fence pick a argument
u r psycho bubble
Can you follow this? YAGI holds the patents as collateral no one else does. If someone thought that GERS was going under (going to declare BK) and could get some money out before losing everything they would. Unlike YAGI they would get nothing in BK, while YAGI would get the patents worth far more than what they are owed. YAGI would never make that scenario less likely as it is what they have banking on from day one.
u confused little mind.
u would b happy if thiss. issue paid 6,, mill to kill 3 mill debt? makes debt more valued. ?
argument fails. y? less debt good. more bad yagi gets walking paper refi now debts managed less
if this issue to bk,, no way theyd pay debt. 1.4, mill cash theyd keep it. fail argue
less debt- refi yagi,,gone. all cash 2 pay yagi. more debt gone likely 2 refi patents worth more then ya debt refi easy,, less debt little debt no debt gone
CC Highlight's From GERS' Largest Licensee...
Higher Oil Production...
"Our ethanol production increased 35%, distillers grains productions by 32%, and corn oil production increased by 33%, compared to the first quarter of last year."
All 12 plants Now Extracting Oil...
"Corn oil production totaled 50.6 million pounds in the first quarter and generated $7.7 million of operating income, or about $0.035 per gallon of ethanol produced.
With all 12 plants producing corn oil, we should see increased total production going forward. As a result, we would expect to see corn oil operating income run closer
to the $9 million or $10 million level for the next 2 or 3 quarters, at least."
Price of Oil has Recovered...
"Jerry will also cover individual segments later in the call. But I will give you a quick comment on corn oil. The market fell a bit during the quarter to around $0.32 a
pound, but has recovered into the range of $0.35 to $0.37 a pound for the rest of 2014.
Higher Yields Projected...
"We did start corn oil production at Atkinson in the quarter. And as we brought Fairmont back online in early January, we now have all 12 plants producing corn oil and
we should see a pickup in production closer to 60 million pounds per quarter going forward."
In the Process of More Acquisitions..
"In terms of acquisitions, we are actively seeking growth opportunities. We've been in many processes. Things are expensive, as you can see in the world today. So we're
being very patient, finding the right opportunity for our shareholders across many different types of adjacencies and things within our supply chain. I would only say
that we are very, very active in many different processes, and we don't know which one will or will not actually come to fruition. But we continue to seek growth
opportunities across everything that we do."
http://files.shareholder.com/downloads/GPRE/3138971807x0x750291/90fadf4e-9c54-4111-b9d1-66fb3fd186c4/GPRE-Transcript-2014-04-30_Final.pdf
Good Luck To All!$!$!$!$!$
GreenShift Retires $3,700,000 in Convertible Debentures!$!$!$!$
Form 8-K for GREENSHIFT CORP
1-May-2014
Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
Effective on April 30, 2014, GreenShift retired convertible debentures with an aggregate outstanding balance of $3,700,000, consisting of outstanding principal and interest of $3,609,205.76 and $90,794.24, respectively. GreenShift made a cash payment of $1,400,000 to retire the debentures.
The debt retirement is expected to reduce Greenshift's annual interest charge by $215,000 (6% interest per year on the $3,609,205.76 of principal being retired).
WELL LOOKS LIKE BUSINESS NEW BUSINESS SANE AS OLD BUSINESS PLATFORM: DUMP & DUMP WHEN DO THEY SUPPORT THE STOCK PRICE WHICH MEANS THEY PAY THE DEBT WITH LESS STOCK. MAYBE THEY COULD BY A FEW SHARE WITH THE PROFIT INSTEAD OF SALARY INCREASES!!
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