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

NEW COES Patent 8,679,353

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.

Defendants Denied Extension

Gentleman, we need a reason.
See Here

Ahhh ". . . necessitated by conflicting schedules of the joint defense counsel . . . "
See HERE

SkunK

Aemitis Remand Denied

". . . Aemitis adopted and re-urged the previously-raised and litigated arguments"

"This evidences that at least some of Aemitis’ concerns are without merit."

"For the foregoing reasons, the Court DENIES Defendants’ Aemetis, Inc. and Aemetis Advanced Fuel Keyes, Inc., Motion for Suggestion for Remand, . . ." 

See HERE

SkunK

WNY Energy . . . DENIED.

"Further, it is not clear to the Court that CleanTech’s infringement allegations against WNY Energy will rise or fall with CleanTech’s infringement allegations against ICM because the elements of direct infringement are different from that of a contributory or inducing infringer."

 

"Western New York Energy, LLC’s Motion to Stay, . . . is DENIED."

See HERE
SkunK

Small Court Orders

GERS can File reply MIO HERE

GERS can file reply MIS, Seal granted for 10 days Here

SkunK

Two tiny tactical wins, GERS allowed to file both a reply Memorandum of Opposition and a reply Memorandum of Support.

Lets Take a Look

GERS will need time to look at the Tag-along Plants. 

Need to look at relationship with ICM.

Filed against Pacific Ethanol also in Idaho and Eastern California Districts.

See Here

Acknowledged

See Here

SkunK

14C

On or after 7 April 2014 effective date.

See Here

SkunK

Tag-Alongs Follow

". . . the Tag-Along Defendants adopt and re-urge the claim construction arguments regarding the ‘858 patent family patent previously made by the other Defendants . . ."

 See Here

SkunK

So it is unanimous.  All the accused infringers do not like the court's claim construction. 

100-1 Reverse Split

As of March 6, 2014, of the 2,500,000,000 shares of common stock authorized, 2,106,215,881 are issued and outstanding.

As a result of the Reverse Split, there will be about 2.4 billion common shares available for issuance.

Although GreenShift’s ambition is to satisfy its debt to YA Global in cash deriving from operating activities or one or more potential future financing transactions, it is necessary that the potential for default be eliminated.

 

See Here

 

SkunK

 

This is a Pre-SCHEDULE 14C.  No exact date has been set.  Effective after it is filed sometime in April.

Million or more

HOMELAND ENERGY SOLUTIONS, LLC

"Should damages be awarded, the Company estimates that damages would be based on a reasonable royalty to, or lost profits of, GS Cleantech. If the court deems the case exceptional, attorney's fees may be awarded and are likely to be $1,000,000 or more."

See Here bottom of page 17

SkunK

PS  The individual who wrote this is saying that the GreenShift attorneys fee award alone could be over a million dollars.  Likely that is not what they meant.  Or is it?  Certainly "a lot of dough" comes across plainly.  Remember this is one of many defendants.

Entry from Status Conference

Status Conference SEE HERE
SkunK
 

32nd

GreenShift Corporation is pleased to announce that Illinois Corn Processing LLC ("ICP") of Pekin, Illinois, has executed an installation and licensing agreement with GreenShift for its proven Corn Oil Extraction System. ICP is now the thirty-second ethanol plant to license GreenShift's patented technology.

SEE HERE
SkunK

GERS' Answer

REPLY BRIEF See Here

Winsness Statement Here

Sample Cross Motion Summary

SkunK