Monday, July 30, 2018

Death, Taxes AND Things Change over Time

As a small boy I remember being handed a corn knife and told to walk the corn field and cut out all the milk weed.  Of course the rows were nearly three feet apart and we hoped for the corn to be knee high by the 4th of July.  Back when you went bare foot after your heard the whip-poor-will and stayed that way until school started.

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SkunK

Whip-poor-will

23 comments:

nobody123789 said...

"Death, Taxes AND Things Change over Time"

Skunk, is there a message (subliminal or not) about GERS in this post?

I can hope that this means that GERS' income will be so large that they will owe Uncle Sam a great deal of taxes!

Slashnuts said...
This comment has been removed by the author.
Slashnuts said...

Dennis Vander Griend Dead @ 63...

Message from Dave
http://www.icminc.com/images/pdfs/Dennis%20Memorial%20Letter%20Public.pdf

Obituary
www.downingandlahey.com/obituary/dennis-vander-griend

Slashnuts said...

Method II & Method III Are Back!$!$

GreenShift revolutionized the industry with the most important technology upgrade ever, corn oil extraction. Corn oil from Method I is currently generating about $1 billion in revenue. Using this method, up to 1 pound of oil (per bushel) can be separated from thin stillage.

It's been awhile since we've heard anything about GERS' other oil extraction technology, Method II and Method III. These methods are not the subject of the litigation. Method II uses thin stillage to wash oil out of whole stillage, increasing yields to 1.5 pounds per bushel. Method III converts residual biomass into additional oil and protein. Protein is something GPRE is big on lately.

According to last weeks SEC filing, GERS is poised to refocus on Method II and III. The agreement is to repay the Senior Lender, repay Stroock & Stroock, build and operate Method II & III systems and repay the Junior Lender. In addition, all GERS' SEC filings will be made current.

"Use of Proceeds. Seller hereby agrees that it shall use 100% of the first Net Cash Proceeds realized in connection with the Purchase Price payments hereunder as follows (“Use of Proceeds”):

FIRST, to refinance, accelerate, pay or otherwise fully satisfy all amounts due to Seller’s Senior Lender;

SECOND, to pay all amounts due to Stroock & Stroock & Lavan LLP (“Stroock”) in the Ordinary Course of Business;

THIRD, to design, build, and operate a new facility based on the Method II extraction, Method III oleaginous microbe, and/or other processes included in the JVCo Assets (“Seller Facility”), and

FOURTH, after the Senior Lender and Stroock have been fully paid, to refinance, accelerate, pay or otherwise fully satisfy all amounts due to Seller’s Junior Lender."

https://www.sec.gov/Archives/edgar/data/949721/000121390018007157/f8k052518ex10-1_attisindus.htm

More information on Method II & III...

https://greenshift-gers.blogspot.com/2010/02/new-patent-application.html

http://www.greenshift.com/content/investorresources/pdf/backend_fractionation.pdf

http://www.greenshift.com/products/corn_oil_extraction/process_description

Paying off the debt, appeal moving forward, growing again. Sounds like we've got a plan and Kevin is keeping his word.

"We're about to pay off the last remnants of our debt from before the crash. We're about to file our appeal. And, by virtue of this deal, regardless of what happens with the litigation, we're about to start growing again. "

Good Luck To All!$!$

robin said...

Death, Taxes... arbitrary concepts of acceptance and rejection. Change though and time are patterns much like algology; moments of... again based on acceptance and rejection, though on a grand level of Universal actions. The human mind is finite in an infinite world and thus handicapped and strengthened by time and change.

Birds. Lovely to see the comments of rejection by those blessed with such singers while acceptance by those blessed with such singers.

There are for certain that which has no time or change as none are needed.
*

Nice video

**
Nice to see some positive action taking place for GreenShift.
Thanks for putting out the information so people can either reject or embrace what is.

***

Anonymous said...

News coming!

Anonymous said...

Stock stagnant!

Anonymous said...

Kevin
Can we still expect an update from GERS soon? Thx

Anonymous said...

My guess is that it won't mean anything anyway... All the important things have been a mystery, share structure, debt structure, revenue, etc. and the mystery surrounding these fundamentals have driven the stock lower. Three things will make this go higher, revenue, a positive outcome with the appeal (unless the referred shares get all the gravy) and a reduction in the OS and Preferred Shares. Disagree, look at the history...

nobody123789 said...

You want the OS count to be less than 20 million?

Anonymous said...

We are stuck at $.065 with 20 million OS, yes!

What is the preferred share structure? The actual preferred share structure! They are first in line for a cup of soup, if the soup is ever made...

Anonymous said...

Yes. We agreed to bring all filings current by year end in our deal with Attis. Those filings will include updates on revenue, debt, and share structure. Everyone’s patience and support continues to be appreciated.

Anonymous said...

Thanks Kevin. I appreciate the communication.

nobody123789 said...

In the past KK has signed off on his communication with "Kevin". Was that an over sight or was it an imposter. I believe the comments are valid as KK has openly entered into a covenant with Attis that includes the stated requirements and DW is also at Attis and KK would not jeopardize that relationship.

But did KK or an imposter post at 8:00 AM today?

nobody123789 said...

In the discussions of what may happen, people frequently neglect the issue of access to GERS. Only a very small handful of brokerages will allow internet purchase of GERS. Whatever excitement, momentum, interest that emerges in the future this fact will have a dampening impact on the movement of the PPS.

Anonymous said...

You got it backwards. Only a very small handful will NOT allow purchases. More allow it than not from my count. I bet more will allow it after filings are current.

nobody123789 said...

Please provide a list of brokerages that you have verified allow INTERNET purchases (NOT sales of existing positions). That would be a very helpful contribution to the fate of the GERSlanders.

I say verified as many peoeple have provided a fairly extensive list (in their frustration) of brokerages that will not allow purchases -- only sells of existing positions. Verified corrections to these findings and sentiments would be most welcome.

Anonymous said...

Thanks KK, looking forward to it!

Anonymous said...

Good time to buy?

nobody123789 said...

Only if you are a gambler and willing to wait.

Anonymous said...

Nobody - the comment was mine. Everyone's questions will be addressed in GreenShift's filings as the company gets current.

Thanks,
Kevin

nobody123789 said...

Thank you Mr. Kreisler for that clarification.

My wife and I have been part of the long-term supporters of GERS (I affectionately call GERSlanders), dating back to the days of Veridium. We have had to "reload" (at significant cost) several times during the years, often in the face of our friends and family subtly and not so subtly laughing at us. After all these years it would indeed be satisfying to have the last laugh.

We are watching the Federal Circuit developments closely, if/when there is an oral hearing we will be there. Perhaps our paths will cross at that time.

Anonymous said...

Collectively, we should have all gone to Dennis Vander Griend's funeral services and signed the book "GERS Shareholder".

Regarding the 20,000,000 OS, our market cap is $120,000.00 so something doesn't add up!

 
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