JOINT STATEMENT OF COMPLIANCE
________________
Plaintiffs-Appellants GS Cleantech Corporation and GreenShift Corporation,
Defendants-Appellees, and Defendant-Cross-Appellant, identified below, hereby
certify that they have conducted settlement discussions in accordance with Federal
Circuit Rule 33(a)(2).
Dated: March 6, 2019 Respectfully submitted,
/s/ Steven B. Pokotilow
Steven B. Pokotilow
See Here
SkunK
I suppose this certifies compliance due to well documented previous discussions. Not to disclose ongoing discussions?
Thursday, March 7, 2019
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Update On Sunoco Refinery Acquisition...
MILTON, GA, March 08, 2019 (GLOBE NEWSWIRE) --
The Company remains committed to closing the transaction in the near future
via NEWMEDIAWIRE -- Attis Industries Inc. (NASDAQ: ATIS) (the “Company” or “Attis”), a diversified innovation and technology holding company, today provided an update on the status of its previous announced purchase agreement with Sunoco LP to acquire and operate its corn ethanol plant and grain malting operation in Fulton, NY. While the acquisition has not been finalized, the transaction is still on track to close upon the satisfaction of customary closing conditions.
As previously reported, the definitive asset purchase agreement calls for a total consideration for the divestiture of $20 million and includes a 10-year offtake agreement with Sunoco for the ethanol produced at the Fulton plant. Attis is expecting to finance the transaction with non-dilutive secured debt financing.
The planned acquisition of Sunoco’s Fulton, NY ethanol plant is a key step in the Company’s long term vision of being a leader in the production of low carbon fuels and biobased products. Attis has plans for numerous improvements over the next 24 months to the Fulton plant with the goal of creating the industry’s premier renewable energy campus.
“We remain confident the acquisition of the Fulton plant will be the first of many plants we acquire and/or build over the next 24-36 months,” said Jeffrey Cosman, CEO of Attis Industries Inc. “The Company is continuing to balance the close of the facility as quickly as possible around the end of the quarter with the expectation to secure a larger credit facility which will be used to quickly improve operations in Fulton, build and expand production fuels with our biodiesel and bio-refinery plant in Fulton, as well as begin building our first 3 independent bio-refineries in Georgia, South Carolina and Florida.”
http://globenewswire.com/news-release/2019/03/08/1750795/0/en/Attis-Provides-Update-on-Planned-Sunoco-Ethanol-Plant-Acquisition.html
Good Luck To All!$!$
Once again, this may be great for Attis but doesn't mean squat for GERS shareholders. Fake news!
David Winsness, CEO, Attis To Speak At ABLC
Thanks to Houstonian on IHUB for the link and welcome to the GERS board.
http://biofuelsdigest.com/ablc/agenda/
Looks like Mr. Winsness will speak at the Mayflower on April 4th in Washington DC for the ABLC. (Advanced Bioeconomy Leadership Conference)
The agenda shows his presentation is under the "Hot Technologies" segment.
Mr. Winsness is one of the inventors of the corn oil patents as well as other GERS' patents. He's the brains behind GERS' multiple technologies including oil extraction, bioplastics, lignin, biodiesel, fuel blending etc.
GreenShift has currently pending patent applications with Winsness as the inventor.
Winsness is the CEO of Attis Innovations, our strategic partner. The Sunoco refinery already licensed GERS method 1 oil extraction, the subject of the litigation. This refinery will be installing GERS method 2 oil extraction, biodiesel, bioplastics, lignin, solar, etc.
With so many exciting technologies ("hot technologies") coming to the Fulton refinery, I don't see how Winsness could avoid talking about them. Will he say GreenShift by name? Who knows. We do know who's behind the technologies and who owns the patents. It is certainly related to GERS, IMO.
Good Luck To All!$!$
"Once again, this may be great for Attis but doesn't mean squat for GERS shareholders. Fake news!"
This makes no sense. Repeating false statements doesn't make them true.
As per Mr. Kreisler...
"We’re working on growth again to build value, both on our own and with Attis through our jointly-owned subsidiary."
" Some of you might recall the vision we outlined for GreenShift’s integrated biorefinery plans..."
"We outlined a series of iterative technology upgrades designed to collectively shift the efficiency and profitability of corn ethanol dramatically forward by extracting and refining co-products into an array of value-added renewable alternatives to fossil fuel-derived products."
"We targeted producer partnerships and planned to leverage our technological capabilities to acquire, upgrade, and use first generation production assets to produce more with less. We spoke of greenshifting the industry."
"That vision is alive and well today, more so than ever. Attis’ plans are complimentary to everything we’ve ever done. They have been amassing a broad portfolio of biorefining technologies, and they’re working on some extremely exciting things, some of which build on and add to our technologies. Plastics. Adhesives. Drop-in fuels. Breakthroughs. All from biomass."
"We’re working together to build value through our joint venture, free of the constraints of our legacy debt and litigation, making more progress than we have in a decade. "
"Imagine the effect of fully integrating COES and biodiesel into a single Attis-owned ethanol plant and you’ll get a sense of the starting point of our trajectory."
"Our next steps are simple: stay focused, support Attis and our joint venture subsidiary, service our clients, continue to innovate, complete the restructuring, get and stay current, communicate, push through the appeal, make peace, acquire, diversify, grow … and build value for all of our stakeholders. Especially, and most importantly, for each of you."
Good Luck To All!$!$
Great comeback, but share price and years and years of dilution is beginning to take its toll on me and my portfolio.
Again, I wish I would have owned Attis instead of this turd.
Attis Industries Inc. Stock Price - ATIS
==
After Hours
Last Trade
Last: $ 0.33 ▲ 0.01 (4.20%)
Skunk - what don't you put a banner on your blog with the share price?
http://greenshiftenergy.com/index.html
Bid moving up! Fresh 52 week high coming.
$.0975 gone! 10k @ .0999 then it's dime time!
Who are Greenshift's lawyers in this appeal?
On behalf of GS CleanTech Corporation and Greenshift Corp.
*Steven B. Pokotilow Binni N. Shah Wesley A. Horner Stephen Underwood STROOCK &STROOCK &LAVAN LLP
*Michael J. Rye Charles F. O’Brien Chad A. Dever Michele C. Perino Andrew C. Ryan Tasia E. Hanson CANTOR COLBURN LLP
*James P. Strenski CANTRELL STRENSKI &MEHRINGER,LLP
*Robert A. Carson David L. Newman Joseph P. Bonavita GOULD &RATNER
https://parkercitynews.com/is-greenshift-corp-gers-a-buy-what-do-the-pivot-points-reveal/245193/
Hey Skunk. It's been a long time since the last Skunk poll. Got any surveys coming up?
Patent Infringing PEIX.BK Hopes To Sell Plants...
What a disaster of a company!
Crime doesn't pay! Patent infringing PEIX is learning that the hard way.
Like Mr. Kreisler said, if producers would've worked with GERS instead of stealing their technology, everybody would be better off. PEIX could've had GERS' method 2, biodiesel production, CO2 to ethanol, bioplastics and could've saved millions on an expensive lawsuit.
Instead, they just posted their worst results in a decade.
*Losses more than doubled from last year.
*Missed on revenue by $52 million.
*Missed on EPS by $.50.
*Shut down corn-belt production in the quarter.
*Forecasting continued losses in 2019.
*Plants are up for sale as they are out of cash and can't make money.
*Millions wasted on a lawsuit they're about to lose.
Who will buy a money losing plant with millions in liabilities/back royalties attached to it?
Patent infringing PEIX is in trouble here and may be headed towards yet another bankruptcy. $68 million in debt is coming due later this year. By my calculations, they already burned through the $20MM cash they had in Q119.
Quote:
The Sacramento, California-based company said it had a loss of 74 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The ethanol producer posted revenue of $334.4 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $386.6 million.
Patent Infringing PEIX Joins Crooked Cardinal in their hopes to find a buyer...https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147045632
Good Luck To All!$!$
Investorshub NewsWire
Why are defendants selling before ruling? omen?
No omen. Both sides know what the outcome will be and have since July 2017. The only question has been can GERS weather the David & Goliath strategy of delay, delay, followed by more delay? Still an open question, especially for the common shareholders. But that is the (severe) risk and why the gains could be ...
I'm not worried about Gers. Can defendants weather the storm? They're falling like domino's. How's Gers get paid if they go bankrupt?
I asked that question over a year ago. We may end up chasing nothing if they all start falling off like flies.
"I'm not worried about Gers. Can defendants weather the storm? They're falling like domino's. How's Gers get paid if they go bankrupt? "
There's many debt free ethanol companies that are stable. If a few of the weak ones go under, oh well. Anyway, the industry would benefit from some excess capacity shutting down.
I responded to a similar question on IHUB...For example: If patent infringing PEIX is broke, how does GERS get paid?
With their Monopoly pieces. They have 10 refineries and are being forced to try and sell enough of them to survive. Payment could be in the form of refineries or a percentage of ownership. GERS would then upgrade them with all the same patented technology they're about to put in the Sunoco plant, returning them to profitability.
Here's how Mr. Kreisler responded to a similar question...
Quote:
"We certainly don't want anyone to go out of business, but we will consider alternate forms of payment that facilitate shared value creation for all stakeholders. Such as ownership and upgrades."
Good Luck To All!$!$
New Patent March 2019: Lignin & Polymer Extraction!$!$
We've been working on this for years. Until now, nobody has been able to cost effective extract high quality lignin without damaging it's structure. This will be used in the new biorefinery. It's a game changer! This exciting new technology cost effectively isolates and extracts valuable lignin and polymers with low capital costs. Basically, it easily separates lignin from cellulose, which is key to cracking the code on cellulosic ethanol. Butanol, a solvent, is added which leads to two distinctly separate phases. Water with impurities and butanol with lignin. The butanol is recovered leaving behind high purity lignin. Any plant material containing lignin can be used.
METHOD FOR SEPARATING AND RECOVERING LIGNIN and MELTABLE FLOWABLE BIOLIGNIN POLYMERS
03-02-2019
Case Docketed to Examiner in GAU
David Winsness
US Patent Application No: 2019/0062,508
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147568266
Good Luck To All!$!$
Attis up. Did Suncor deal go through?
+2.5511
+731.0%
$2.99 aftermarket
https://www.quotemedia.com/portal/quote/?qm_symbol=atis
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