Monday, January 19, 2015

Updates

Mini -SJ with right to appeal 1412
Rulings
Schedule moving forward
Seal
Unseal, no challange
Unseal in ten days

New GERS Lawyer1

New GERS Lawyer2

SkunK

7 comments:

BillV said...

https://us.etrade.com/e/t/invest/Story?ID=STORYID%3D20150120SN012463&provider=BusinessWire

nobody123789 said...

Bill that link doesn't work unless you have an account/

BillV said...

GreenShift Receives Notices of Allowance on Three New Corn Oil Extraction Patents

Jan 20, 2015 13:54:00 (ET)

ALPHARETTA, Ga.--(BUSINESS WIRE)--January 20, 2015--
GreenShift Corporation (OTCQB:GERS) announced today that the U.S. Patent and Trademark Office ("USPTO") recently issued Notice of Allowances for the following U.S. Pat. Application Nos.:

-- 13/450,997 titled "Methods of Processing Ethanol Byproducts and Related
Subsystems" (the "'997 Patent Application") on December 19, 2014;

-- 13/185,841 titled "Method and Systems for Enhancing Oil Recovery from
Ethanol Production Byproducts" (the "'841 Patent Application") on
December 24, 2014; and,

-- 11/908,891 titled "Methods and Systems for Washing Ethanol Production
Byproducts to Improve Oil Recovery" (the "'891 Patent Application") on
December 26, 2014.
The Notices of Allowances for these applications were issued by the USPTO after a review of a recent Summary Judgment decision and other filings by the defendants in an ongoing infringement action against multiple defendants by GS CleanTech Corporation, a subsidiary of GreenShift. Each of the recently allowed patent applications was examined and considered patentable by a different examiner and after each had considered the Summary Judgment decision.

The Summary Judgment issued on October 23, 2014 by the District Court in Indiana and ruled in favor of defendants on their motions for summary judgment alleging that the corn oil extraction patents issued to GS CleanTech were invalid, including US Pat. Nos. 7,601,858 and 8,168,037. As previously announced GreenShift intends to appeal the Summary Judgment decision. Under applicable standards, a patent is not invalid until and unless a final judgment of invalidity is rendered after all available appeals have been exhausted.

"We believe in our intellectual property rights and the system of checks and balances designed to protect those rights, both in the patent office and the courts," said Kevin Kreisler, GreenShift's chief executive officer. "We will appeal the Summary Judgment ruling at the appropriate time. In the meantime, we remain focused on growth, innovation and bringing value to our licensees."

Coverage of Allowed Claims

The allowed '997 Patent Application is a continuation application of US Pat. No. 7,601,858, and involves the concentration and mechanical processing of thin stillage to recovery at least a portion of the oil from the concentrate. The '891 Patent Application and the '841 Patent Application are continuation applications of US Pat. No 8,168,037. The allowed claims in the '841 Patent Application cover processes directed to evaporating thin stillage to reduce water content, recovering oil with a horizontal centrifugal three phase decanter, evaporating the concentrate to further reduce its moisture content, and mixing the evaporated concentrate with distillers wet grains. The allowed claims in the '891 Patent Application include processes directed to washing whole stillage with thin stillage to increase the oil content of the thin stillage, followed by concentration and recovery of oil.

BillV said...

http://www.businesswire.com/news/home/20141027006226/en/GreenShift-Patent-Litigation-Update#.VL63KUfF90Y

nobody123789 said...

Sure behaved like a pump and dump. Those poor souls that bought in at 0.0007 lost half their "investment" in a blink of an eye.

nobody123789 said...

Folks, note the dates: December 19, December 24, and December 26 -- more than three weeks ago. They could have released this "news" any time in the last month. Ask yourself why today, why was there such a dump of shares today?

Anonymous said...

uh, because i needed the money and sold all my shares?

 
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