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What are the chances when the Q2 comes out that were at 3.6 O/S? I know this has been tossed around before, but these 100 million blocks daily in minutes could be a daily averaged buyback? Is that a possibility? Or is that just a hopeful outlook?
The Greenshift stars are staring to align
This company;
1) Has a real product, a real and lasting revenue stream.
2) Is a survivor (managed to stay afloat through very rough times).
3) Is working to pay it's debt, seemingly quickly and at the most cost-effective ways.
4) Will soon dominate the COES market.
5) Litigation rulings in it's favor worth...(Think of all of the lost-profits from infringment COES plus additional debt taken on as a result of loans needed because of business lost to infringers. GERS won't ask for just lost profits IMO but for reasonable cost and harm that the infringers caused over the years to GERS's growth, IE what should have GERS looked like had they had their rightful competative advantage.
6) KK has a chance here to mold GERS into a lasting, multi-million (+++) dollar company, and you bet he realizes this. This is a new chapter, exciting times. I think he will make some significant moves to align the share-structure to offer the common shareholder more value as well, that will take a little more time.
7) There is further upside, this company is still innovating (a great sign). Zeropoint is interesting, the continuous research and expansion only bodes to the longevity and vitality of the company. They see a future, and that's important.
All of this is just my opinion. However I am long and accumulating, it won't happen overnight but I think it will happen.
.....
More importantly it's Sunday. Grab a cigar, a salty-dog and relax by the pool, the market is closed.
The Sunoco deal says a lot...
Looks like ICM originally retro-fitted this ethanol plant out when Sunoco bought it.
http://www.ethanolproducer.com/articles/6287/icm-to-retrofit-idle-fulton-n.y.-plant
Certainly, you could draw several conclusions from fact that Sunoco signed a license with Greenshift, and is having Greenshift install all the equipment and not ICM (given their prior history).
The writting is on the wall.
Go GERS.
Thank you. Excellent.
Where is the g&r information from? Are we sure they aren't GERS defense in the cases involving the failed Michigan plant?
I agree with your assesment as well, 15 seconds is not enough time, even for those with short attention spans. I would think the company will change it's concept to get away from literalism. The site they have had since 2009 clearly didn't take off as they had hoped.
Change is in the air, and that is what will be exciting for us all. By going public maybe they are raising capital to bring in some new design/I.T. talent as well. Competition and salaries for those that can play a role in designing social media platforms/sites is at a premimum right now. Going public definantely will allow the hiring of some key individuals on that end if that is what they are doing.
I agree, the site as it now stands is not very good/impressive. I am a facebook user, twitter as well as other social media and I found it to be not so good. I, like you, told people about the site and had them check it out, they were not too taken by it to say the least.
However, hopefully we will see a change in site, or concept coming from this company now that they are going public. Hopefully they will morph their concept, change it, announce some type of partnership and new marketing.
I for one am holding onto my GRDO, I do see long potential. As others have stated the leadership & board of the company are very impressive and I wouldn't be suprised if thet make it very interesting for us all.
Gonzilee does bring up valid points like it or not.
What will happen, will the company create 10 billion more shares to raise quick capital?
One thing I did notice looking at their website a while, there do seem to be few users and the blog section (for customers) was last posted on months ago from what I saw.
I hope there is "immediate value" in holding GRDO for all of us, but it looks like 15SOF is project that may take some time. Maybe 15SOF will use this opportunity to change some things since their website looks like it is still on the launching pad since they made it?
SecondStreet, has it been mentioned as a merger candidate?
Have a look at their "about" page. Seems a close match to the info we have about a possible company?
http://secondstreet.com/about/
Here we go again, here's to another solid day. If there is news, here's to an outstanding day. Glta GRDOers.
Go GRDO, got in today & very glad to be here.
If this r/m is with votigo, it could be massive...
Yes, do your DD. Posts from certain people continuously point out only the bad, which is easy to find in anything, negativism can infest a persons thinking. There are certain posters here with a great amount of information and those that choose, for various reasons, to take only a negative view of GERS. There is good and bad in GERS, I personally think that at this moment in time the scale has shifted to the good side. But that's just my opinion. Go GERS.
I clearly think your objectivity has failed you when you feel the need to call this stock a "POS". I understand your dislike for GERS due to past history, but I would suggest the times are changing.
I would think that the plan would be;
1) Pay off debt with profits as revenues continue to role in
2) Use the litigation money, when and if it comes upon judgement, to pay off debt as well, anything left is gravy.
To me it makes no sense to buy back stock unless there is a surplus of cash, which there is not. Why not wipe out the possiblity of dillusion by paying off the debt directly. I think this best serves the shareholders in the long run.
Just think if this company had next to no debt. There would be no threat of further dillusion. How good would that make us all feel? But until the debts are almost wiped out a share buyback only serves as a bandaid on a deep debt wound.
The good news is the company, as the quarterly reported, is addressing their debt.
So could we see on this annual report; a common stock share count of up to 20 billion?
We currently stand at just over 13 billion, if I'm not mistaken?
So maybe some where in the area of 15 to 17 billion would be a guess since there maybe have been some debt conversion taking place?
Or am I way off here?
Either way, the company should grow revenues (since late 2010 and moving forward) at a rate/ratio greater then the issuance of stock as it relates to share price. I still see an extreme amount of value in GERS in the future.
Jim, good stuff. Agreed that it's not dilution like we've historically seen just trying to make sense of some of the debt structure and it's role in all of this, and what might still be lingering out there.
I am very hopefull with Greenshift and will continue to be, this company is starting to realize it's potential and the year end financials and financials moving forward should reflect this. Go Greenshift.
Dilution? YA Global Debt?
Could this sell-off of common stock come from YA Global debt? The most recent shareholder letter did say there would be further dilution until debt was paid:
"Our capital structure will be complicated by the convertible nature of our debt until it is repaid. Dilution resulting from the conversion of some of our debt into stock can be expected between now and full repayment. However, we are committed to minimizing the dilutive expense of these debt conversions. Our key challenge here is to build value at a greater rate than debt is repaid with stock, until we can repay debt from cash flow alone."
This is from the Q2 2010 report:
YA GLOBAL DEBENTURE
As of June 30, 2010, the balance outstanding on the Company’s convertible debt due to YA Global was $41,409,506. This amount was reduced effective July 30, 2010 in connection with the completion of the YA Corn Oil Transaction, and the Company, on July 30, 2010, issued YA Global an amended and restated convertible debenture in the amount of $33,308,023 (the “A&R Debenture”). The A&R Debenture matures on December 31, 2012 and bears interest at the rate of 6% per annum. YA Global shall have the right, but not the obligation, to convert any portion of the A&R Debenture into the Company’s common stock at a rate equal to the lesser of (a) $1.00 or (b) ninety percent (90%) of the lowest daily volume weighted average price of the Company’s common stock during the twenty (20) consecutive trading days immediately preceding the conversion date. YA Global will not be permitted, however, to convert into a number of shares that would cause it to own more than 4.99% of the Company’s outstanding common shares.
However, I do hold out hope that the share movement is a buyback, thoughts?
Revenues?
I have read a few speculative posts on 2010 year end revenue previously. Here is my speculative post on the subject.
1,200,000,000 gallons of of ethanol produced (goal of 2010?)
The green shift website states that from 100 gallons of ethanol 6 gallons of non-edible corn oil can be produced?
So 1,200,000,000/100=12,000,000x6=72,000,000 gallons of corn oil?
At a price of $2.50 a for a gallon of corn oil that leaves us at $180,000,000 for the ethanol producers, and I beleive 20% is the cut that GERS gets? Therefore, $180,000,000x.2=$36,000,000.00 in revenues for the stated goal of 1,200,000,000 gallons of ethanol.
I might be way off and I understand there is much more complexity, however I am trying to ballpark it. Constructive criticism is welcome. I may be confusing gallons with barrels? Thoughts?
Lolo-Here's what I know
From the latest PPJE news release:
The Company has completed its 2010 fiscal yearly report and plans to update the Pink Sheets web site by Friday, March 25th, 2011 along with a current Attorney letter. PPJ managements' highest priority is to grow the company as much as possible within a short period of time and keep company Financial current." - Noted by Ms. Basu.
Also, concerning the trial someone on this board posted (Post #20465) a link to a LA Superior Court document that had a trial date of April 25th, 2011.
Hope this helps, go PPJE.
Only 6+ million vol. today
Opinions? No dilution today, no buy backs, etc?
Animalmother - Great stuff, glad to see the COES was part of their presentation. Great for GERS!
Nobody, I think we (I am a shareholder as well) are the ones missing something. This year, by Q2/Q3 we should know more. On GPREs website they state that their corn oil prod will be online in Q2, so the Q3 financials will be telling.
I'm in, looks like you've got a very nice thing going here. Wouldn't want to miss all the fun.