Long letter... Glad to see GreenShift continues to get rid of debt. Restructuring also continues to take place. 10-Q will be released within the next two week will have more answers.
This is interesting (Keep in mind Mr. S owns 33% of GSGF):
"This morning, GreenShift transferred its 60% stake in GS AgriFuels to GS CleanTech and GS AgriFuels and GS CleanTech canceled their July 2007 license agreement. GS CleanTech plans to transfer its corn oil assets to GS AgriFuels in return for a term note issued at fair value after we have received an independent fairness opinion relative to the terms of the transfer. We are retaining an appraisal firm to assess the fairness of this transaction and we will provide additional disclosures on this as it becomes available. Importantly, these two transfers will consolidate our extraction and biodiesel operations within GS AgriFuels."
Projected Revenue and Earnings Growth below:
GS AgriFuels’ Projected Revenue and Earnings Growth. Assuming the completion of all of the above, and that we successfully finance and execute on each front, the moving forward revenue and EBITDA profile of GS AgriFuels’ current operations can be expected to be as follows based on our current
agreements:
GS AgriFuels Estimated Revenue
Corn Oil Derived Biodiesel (50 million gallons per year) $ 160,000,000
Oilseed Crushing (annualized) $ 80,000,000
Biodiesel Equipment Sales (non-recurring) $ 53,000,000 $ 13,000,000
Estimated EBITDA
Corn Oil Derived Biodiesel (50 million gallons per year) $ 50,000,000
Oilseed Crushing (annualized): $ 12,000,000
Biodiesel Equipment Sales (non-recurring): $ 13,000,000
ALL POSTED BY AMERICAN_PSYCHO IS EITHER FACT OR OPINION.
