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I disagree. I believe many would rather see it trade at .0001 for a couple of more years and then put in automatic sell orders at .0002 so that when any form/hint/sec filing that even remotely looks good, they can make a quick %100 on their coin.
The history of GERS shows even as recently as Dec/Jan there were huge buys at .0001. I wonder how many of those people are/have made good coin and now want it back down?
The value of this company is so convoluted that if you put a price on the value of the patents alone, it ranges from zero up into the millions of $.
Lets just drive the price of this company back down into the tripps. Smash it hard, and for the few brave souls - make some coin. History shows it works for a few at least.
Curses on you Snoopy! My buy order did not fill yesterday at .11 and it looks like it won't today because of you. ( I think a PR is coming also)
Red Baron
True, but now the company has shown it is making monthly payments as a priority, also they paid down the debt and annual interest payments as shown by a recent SEC filing.
Sure, the company may not refinance, but it also may very well do so.
If investor sentiment for GERS was mostly positive the stock price would be much higher, it is obvious most investors would avoid this stock as if it were cancer.
This is how I succeed in the market, by being one able to sift through the krap and find value. As to GERS, I might be right or not, only time will tell.
We owe about $22 million in debt to YA Global. During the three months ended March 31, 2014, we paid YA Global and its assignees a total of $750,000 in cash, and YA Global and its assignees collectively converted about $262,012 due under their debentures into shares of our common stock. On March 29, 2013, the Company and YA Global entered into an amended forbearance agreement pursuant to which the maturity date of the Company's outstanding debt to YA Global and its assignees was extended to December 31, 2014. The most recent amendment that occurred subsequent to the end of the first quarter further provides for cash payments by the Company of $217,500 per month until July 2014 when the payment increases to $261,000 per month and the reimbursement of certain legal costs and expenses. Repayment of the balance of these obligations in cash has been and remains an important objective for us, and we hope to complete a financing during 2014 to refinance and recapitalize all of our remaining convertible obligations.
Yes, I believe the company will do it, of course I could be wrong but I did buy more shares last week which means I put my money where my mouth is.
Good luck on your form of investing
What do you think the chances are for the company to refinance on better terms and be rid of YAGI are? Do you think this is possible?
What do you think the chances are for the company to get a positive SJ in their favor?
What do you think is the reason more companies are licensing GERS technology?
What do you think the corn oil prices will do this year?
A lot of questions and I look forward to your answer. My answer in order of asking is. 1. Good and yes. 2. Very good 3. It works and is profitable. 4. Go down in price.
Thanks for posting. I actually bought and made some money on some of Sierra's postings but find the site mostly entertaining.
However, in regards to Bristol Myers, check out post# 58775.
No, I don't 'kid' when it comes to money. There is a saying, "Money has no friends," and all one has to do is read message boards to see that fact. The fact is, GERS has sound technology. It is licensed. It has been infringed by other companies who will learn there will be a monetary cost to infringement.
I too have been invested going back years. Yes, I could lose my investment as all investments have that risk but IF SJ is issued in favor of the company or refinancing on good terms occurs or any 'real' good news occurs, my past lost of investing in GERS will be repaid more so than what I have been losing.
It is easy to pump a stock and even easier to bash a stock and GERS is very easy to bash, but I own shares and I never bash a stock I'm currently invested in.
Good luck on your form of investing.
I like the technology of GERS. I like the management. I think the company willrefinance their convertible debt this year. I think the company will win the legal battle. I think I will eventually profit from investing in the stock.
I bought some more VYST last week and I do love how quiet the stock is. I own a TemperPedic mattress and don't know if it is made out of the same material Vystar makes but if Vystar can have pillows and a mattress of the same comfort and quality as TemperPedic at half the cost, that sure would be something.
The company said it would release PR's as they become revelant and since this company is not a drug company subject to the years of FDA review, I wonder when the next PR is coming out.
I'm keeping my fingers crossed that the interest in VYST becomes such that I can sell my shares and make some money.
Good luck on your form of investing.
nobody,How many shares did you buy yesterday or the day before? Did you sell them today? I was hoping it would break below .02 but some people are not as greedy as I am and bought just above where I'd like to buy a lot more. My plan was to buy at .01 - .015 and flip them at .03. (Just like what's happening today) If it was you flipping, good job!
Oh well, I still might get my chance, what with all the YAGI talk out there.
SNGX: calm, cool, and for some, boring...
Yep, bought some more late last week which is an action I have not done for awhile. Now, I wonder why I bought some last week?
I wonder what happened, I mean, will happen?
(HaHa, Heeeehee)
and one wonders why the Yahoo message board is 'gone'?
Sure, .01 would be great to add shares of GERS and then right after buying more to have SJ issued in favor of GERS and then sell a LOT of shares for some great profit.
Upside of investing in this risky stock? Great profit
Downside of investing in this risky stock? Lose my investment and use it as a tax loss for those other stocks I've sold this year for a great profit.
I do love investing, like playing chess and so far with GERS the board is bloody with slain pawns, rooks, knights...but the King has not yet been toppled.
Agree completely. I'm enjoying owning this stock and thanks to people like Slash and the Skunk site, I get information I can use to make decisions such as the one where I'm going to take advantage of the recent, 'doom and gloom', and buy more if the price is where it currently is, (or less) next week. I hope nobody else is thinking like I am so that the price goes to .01-.015 next week.
History repeats itself? Yes, those who infringe patents, they end up paying and in GERS's case, it is only a matter of time before I get paid. I remember hearing about the guy who invented the intermittent wiper for cars and all those big car companies using his technology after saying it was worthless, he won big time! He took on the 'Big Three' He won about 30 mil.His name is Robert Kearns.
Corn Oil Production Segment
Revenues in the corn oil production segment increased by $0.7 million for the three months ended March 31, 2014 compared to the same period in 2013. During the three months ended March 31, 2014, the corn oil production segment sold 50.6 million pounds of corn oil compared to 38.1 million pounds in the same period of 2013. Production in the first quarter of 2014 included 9.9 million pounds from the ethanol plants acquired in 2013. The average price realized for corn oil was 20% lower for the first quarter of 2014 compared to the same period in 2013. Gross profit and operating income in the corn oil production segment decreased by $0.1 million for the three months ended March 31, 2014 compared to the same period in 2013. The increase in revenues was offset by $0.8 million of additional expense related to increased volumes produced along with higher input costs during the three months ended March 31, 2014 compared to the same period in 2013.
GPRE: Sold 50.6 million pounds of corn oil compared to 38.1 million pounds. Price for corn oil 20% lower.
GPRE produced more oil but was paid less. GERS has more licensed companies producing more oil and when the oil prices rise so to will GERS.
Couch, what is your opinion on the CT SEC filing today? Do you think it pertains to a drug under development or of a financial nature?
Dutch, anything is possible in this world, Enron, K-Mart, Lehman Brothers (a couple of examples of the horrors of investing).
Given the position Greenshift Corp was in a few years ago, they were like a family with no income and no other choice but to use those checks credit card companies mail out with 29.9% interest. A 'normal'bank would not loan money. Such is the world.
In the OTC world a company I owned called Spongetech was a true scam and the people involved made lots of money, were arrested, convicted and when they get out of jail have a lot of money stashed off shore.
YAGI appears to be getting paid and in the recent filing by Greenshift it points out where they are hoping to refinance the debt this year.(potential of loosening YAGI's grip?)
For me, anyone investing in this company knows the dangers, much as you pointed out as being a potential danger of a criminal sort, but such is investing.
The fact remains that YAGI loaned the money where at most I bought shares of stock not attached to any loan but instead to profit motive, and I lost. YAGI has their hooks attached and if profit is to be made they will have earned it, if it all crashes they will have deserved to lose it.
Bottom line, YAGI is an investor but with benefits.
I feel that management of Greenshift is doing the best with what they have, which is why I own more of the stock, but like a marriage, it could end in divorce or we celebrate many happy anniversaries.
And that's why insurance companies settle before going to trial? Is that why 95% of patent infringing cases settle before going to trial?
No, the tighter the noose gets around the infringing companies neck I'm sure a settlement will occur, one that will be in the best interests of the shareholders of the infringing companies and most importantly to me, my shares of GERS. Of course, the lawyers involved always end up as financial winners, which reminds me, why did some of the infringing companies lawyers resign? Interesting.
95% of patent infringement cases settle before going to trial. The news of ICM's failure to gain a nullifying patent means the % chance they will reach a settlement with Greenshift has increased.
ICM and other infringing companies can 'feel' they are in the right all they want but so far the legal system seems to be siding with Greenshift as well as those other companies signing up to use Greenshifts technology and the patent office even seems to be exposing that Greenshift has enforceable patents.
It will be an interesting year indeed.
Yes, it is true that after multiple r/s the stock price has tanked which is why for the past few years I watched my original investment wither and almost go to zero...but, the fact remained that the company did not enter into bankruptcy.
Yes, the company still could go under along with my 'large' investment at the moment but it could also get good news on the legal side plus the potential for increased revenue from its growing list of licensed companies.
This is investing. High risk = potential of High Reward. Or, 'crash, boom, bang.'
Thanks for posting that link Slash, and for showing a positive outlook for Greenshift.
Interesting volume yesterday and today.
We shall see, you may well be able to buy a zillion shares of newly diluted shares post r/s for .0001 or maybe you will not. By your own statements you are out of GERS whereas I'm in. Your strategy may be best and I lose it all but until then I'm happy with my strategy and wish other stock owners in GERS the best of luck also.
If the pps reaches .0001 before the r/s I shall purchase another $10k worth of it as the market has treated me very well in 2014, very well indeed.
I disagree with you, if summary judgement is issued as to be positive for GERS and then appealed by the infringing companies the fact the court sides with GERS will enable other lending facilities to step in and do away with the toxic financing.
LIQUIDITY AND CAPITAL RESOURCES
Our primary source of liquidity during 2013 was cash produced by our operations. During the year ended December 31, 2013, we produced about $5.3 million in cash from our operating activities and we used about $3.5 million in our financing activities. During the year ended December 31, 2012, we produced about $2.3 million in net cash in our operating activities and we used about $1.6 million in net cash in our financing activities. Our cash balances at December 31, 2013 and December 31, 2012 were about $3.9 million and $2.0 million, respectively. The Company had a working capital deficit of about $42 million at December 31, 2013, about $25 million of which was attributable to current obligations convertible into Company common stock.
Our financial position and liquidity moving forward will be based on our ability to generate cash flows from our operations, as well as the level of our outstanding indebtedness and our debt service obligations. Our business is highly impacted by commodity price volatility, primarily in the market for corn oil. While demand for extracted corn oil is strong in the biodiesel and multiple other markets, decreases in the price of corn oil will have a negative impact on the amount of cash we are able to produce from our operating activities. Moreover, to the extent that our existing and potential new licensees are all corn ethanol producers, our business is also subject to commodity price risk in the markets for ethanol, distillers grain, corn and natural gas. These risks are partially mitigated for us by the fact that use of our corn oil extraction technologies will enhance the liquidity and financial position of licensed ethanol producers and provide our licensees with vitally important cash flows during periods of reduced ethanol producer margins. However, our ability to generate cash flow may be adversely affected if, for example, a new licensee were forced by a reduced crush spread to suspend operations prior to installing a corn oil extraction system.
We owe about $23 million in debt to YA Global. We paid YA Global and their assignees a total of about $3.0 million in cash during the year ended December 31, 2013, and YA Global and its assignees collectively converted about $986,000 due under their debentures into shares of our common stock. Repayment of the balance of these obligations in cash has been and remains an important objective for us, and we hope to complete a financing during 2014 to refinance and recapitalize all of our remaining convertible obligations.
***
I like the last two lines. Interesting times for GERS.
I think they knew that buying at .06 and selling in the run up to the .90's was a wise investment choice. I know that I will start selling also, starting in Sept, for long term capital gains.
r/s in GERS case is necessary as pointed out in the SEC filing. no r/s is good for the shareholder but not all reverse splits end up horrible, just look at Pacific (peix) they did a r/s in may and six months later the stock price exploded. i'm not selling before the r/s unless the price jumps high enough to entice me and after the r/s it will be worth holding a 'ticket' in this lottery as the price could go crazy in either direction.
Thank you for your reply. I have more research to do on PEIX. My instincts tell me the pps will settle a bit more in the next two months. Maybe I'll get some in the $9.00 range.
As for why I picked the $9.00 range is because a 52week range of .24 to where it went means a lot can change...fast.
If I miss another huge price run then so be it.
Yes I'm invested in GERS but I would like to invest in PEIX as it has some good fundamentals such as insider buying and increased revenue.
My attention was drawn to post as my research shows Pacific claims to not use the corn oil separation but as a majority holder of interest in two subsidiary companies that those companies do use a corn oil separation and I'm unable to find out if that technology is from ICM, company made and owned, or if there is something to the lawsuit of patent infringement. Maybe you know? If so please let me know.
If the pps of PEIX settles a little more I will buy some shares as profit is profit.
Good luck on your form of investing.
I see the pps of PEIX is doing very well and as an investor in the equity markets I'm curious to see why the lawsuit is frivolous. I did see recent insider buying of PEIX which is excellent but when I read in the SEC filing about the lawsuit with GERS it left more unanswered questions than it answered. It seems Pacific is the majority holder in two subsidiary companies using a corn oil separation and thus the reason for the question of, is the company using their own technology, ICM technology, some other companies technology or are they using GERS technology? I'm unable to find the answer and you seem to know based on your post about the lawsuit being frivolous.
I like to make money and would like to invest in PEIX as I see the pps has done very well recently but I have more DD to conduct.
Good luck on your form of investing.
I'm curious as to learn what you and others have learned about the lawsuit ongoing between PEIX and GERS. Is PEIX using their own technology or is there some merit to the case of patent infringement?
Why is the case still proceeding if it is frivolous? I understand that if the case is won by PEIX it would be excellent news for the investors but what if the company loses, what has your research shown in regards to the impact the loss will have on investors? Will it have an impact or none at all in your opinion?
Investors in PEIX or any company should be as aware as possible of any negative or positive news or DD available.
Wise decision radcardnel, I bought into the risk, glare and all. Now, if one of those issues are resolved and you take a second look I will be very happy to sell you some of my shares.
Seems like a lot of news on the legal front to include patent issue lately...interesting times for GERS regardless of what the pps does.
Good luck on your form of investing.
I thought the pps would drop with the r/s announcement but as pointed out by another poster the dilution has slowed because the limit has been reached until after the r/s where dilution can take place again.
Some could speculate rightly that the pps will dive again as dilution picks up speed after the r/s. Maybe that would be a good time to take a position?
There is always a chance of good news such as revenue, patents, summary judgement in favor of the company but as the other poster said, this is a, "High risk/high reward," investment.
I own a lot and will still own a lot after the r/s. I will probably buy some more if there is no good news and the pps drops after the r/s. I could lose it all/own it for years more/or actually make a good profit. Only time will tell.
Good luck on your form of investing.
I see the company corrected the 'billions' warrants to the 'millions' and I also see an SEC filing of another insider buy.
Maybe I will make some profit in this company, maybe not, but insider buying for me is very important.
The question now is: Can the company generate revenue?
You can bet that I will start taking m-y profits in September starting with the first blocks of shares I purchased thus paying the long-term capital gains. If this stock was a pump-and-dump, I would have taken my profits already and paid the taxes but ELTP is definitely not a pump-and-dump.
The recent run up and downturn are due to those who have owned this stock a long time and took their profits. Of course, there are those who flip for profit and good for them; profit is profit.
My neighbor has a buy order for .45 and I hope he gets it, in fact I hope the stock price goes to .20 in the near term so others can buy and make a profit.
Anyone who says a stock only goes up in price are living in denial just as those who constantly chant the mantra of, 'doom and gloom, or is it gloom and doom?' when the fundamentals of a company show otherwise are also living in denial.
Good luck on your own form of trading strategy. To each their own.
Doom and gloom...or is it gloom and doom? Nice to see people taking profits after the HUGE run up in the stock price for ELTP. I'm only six months away from taking my first profits as that is when my investment is long-term capital gains.
Those that sold at the higher prices (to include Friday's closing) want the price to go as low as possible so they can reload another position. Or they moved on to another opportunity out there in the investment world.
Just the manufacturing aspect of ELTP and the additional drugs to come on line will make the company profitable just in sales of generics, the ART is just icing on the cake.
No, whatever price the stock is in September (.30 - $30.00/share)I get a huge return on my investment of only 12 months.
This has been an excellent investment opportunity for me and definitely not one of, 'Doom and gloom! or is it, 'Gloom and Doom?'
I took a 38,000 share position in VYST today based solely on the fact of recent insider buying. I shall see soon if I picked a winner or loser.
Any profit is better than a slight loss.
It will be nice if someone or company tries to buy ELTP shares as cheap as possible and as much as possible so they can try and take over the company...that way I'll be able to exercise my right as a shareholder of record before November 15th, 2013. I will be able to buy 1 unit of a share of Series H one “Unit” consisting of one one-millionth (1/1,000,000) of a share of Series H Junior Participating preferred stock, par value $0.01 per share (the “H Preferred Stock”), at a purchase price of $2.10 per Unit, subject to adjustment. The description and terms of the Rights are set forth in a Rights Agreement (“Rights Agreement”) between the Company and American Stock Transfer & Trust Company, LLC, as Rights Agent.
All those people who have sold those shares recently, which were in that category, are out of luck as are the ones hoping to purchase enough to take over the company.
Profit comes in many ways and for ELTP the current CEO knows what's best for the company and for me. He has not sold any of his shares and neither have I.
Interesting price movement the past few days. People taking profit which is very good and other people are buying in the hopes of making a profit.
Unlike those who 'buy low, sell high' I bought ELTP for long term capital gains which for me start this September.
I do not think the shares fully diluted will be in the billions as I think the CEO is looking out for the shareholders interests which are in line with his own interests.
For those holding for the long term, the advice given often is to buy and let it ride, which is my policy for owning ELTP.
For those of you who sold in the .90's and bought again in the .40's and .50's, congratulations on your strategy. I'm not that good deciding when to take profit in the short terms as I usually say, "I shoulda bought earlier/later and I shoulda sold earlier/later. For example: Tomorrow I say the price of ELTP will close higher than today's close. I'll probably be wrong which is why I'm long term as the management and technology with the aid of gaining revenues and positive news means the future is good for me and the company.
I like your thinking vaporman and using your logic and mine either way I win.
There are some simple facts about GERS.
1. Low stock price due to debt and litigation
2. Patented technology desired by ethanol companies
3. Many years into a patent infringement case with a 95% chance of settlement before going to a jury trial.
4. Many r/s
5. The company has not declared bankruptcy where all shareholders would be wiped out in their investment.
6. There is a change to 2,500,000 000 shares authorized instead of 20 billion.
7. ICM got a third rejection on a patent application pertaining to what GERS already has patented.
There are more facts both good and bad for the investor which means those who advocate the 'rinse and repeat' cycle of the past could continue for awhile longer or new news and financials could tilt towards 'buy, buy, buy GERS!' and all sorts of various scenerio's.
One thing I know very well is that greed is a very powerful emotion.
Good luck no matter what the pps of GERS does in the next six months...
Good, but why stop there? I would like to buy 100mil at .0001. Maybe I'll get it but I don't want to pick up 250 shares at .0001 one day and 300 shares the next at .0001 as D.A. Davidson commissions are a bit high for picking up small blocks.
100mil at .0001 in one large block,(or at least in one day) would be nice and I'm prepared to do it.
I can see your reasoning very clearly but one glaring fact remains, this stock could have been bankrupt years ago and ten-million shares or ten would be worth 0000.00000000000000000000000000 (zero)
Will the company still go bankrupt? That remains to be seen but I'm still hopeful and greedy: a dangerous combination to say the least. If it were not for their technology and the fact companies have licensed it and are paying for it I would have just taken my tax loss and moved on.
I must say I do enjoy the current position of the company now much more so than a few years ago, r/s and all.