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5,880,199 shares have traded since April 2, 2012. This number includes today's trades. GLTA
Nobody, it does not matter to me if you work for ICM or not, I expect not. We agree on the percentage of the bond, but I think you are grossly underestimating the financial impact of the preliminary injunction on putting several businesses on hold for a couple of years. Also, it is the only explanation for the continued dilution, even at a slower pace, that I can think of.
The only one that I think you were blowing hot air about, was this one.
Nobody,
I have read your posts on this subject. I have also read Freedom43's posts on this subject. Freedom appears to have experience in the legal business. I think that out weighs what we can find in a google search. Also, he has shown that the damages over a couple of years could be very significant. It appears that 5-10 million could very well be a small percentage of the overall risk.
With the projected earnings, assuming they are correct, I think that the company has begun accruing for the surety bond. Freedom43 has estimated 5-10 million for the surety bond. GERS stated in their last filing that the litigation cost will increase through the first half of the year. That cost increase may very well be the surety bond for the PI. That could help explain why we could have a significant increase in revenues, and YAGI continues to dump shares to help cover the interest expense. If that is true, then Q3 could become the mother of all quarters. I am guessing that Q3 is when they will achieve financing as well. I also predict that they will ask the judge to decide on the PI in Q3. Looks like we may all have something to be thankful for in November. GLTA
Typically the discussion of the 5th and 6th patent, represents COES patents. This will be the 1st patent for Flash Dessication. I am really excited about this patent. Contracts for this process have the potential to be huge! GLTU
Hopefully KK does not go that far. This thing would drop like a rock if kk let's them hold the patents.
Boy I sure hope not. I think it will look better if they are not connected with YAGI in any way except the YA Corn deal. I do hope that they achieve financing, and soon. GLTU
YAGI is kk's MM. Also, the inventors. KK does not dilute shares into the system directly.
Please re read my post you are referencing the wrong year
This was a trade of assets to YAGI for forgiveness of part of their debt. That "fact" remains no cash payments last year> Please stick to the facts, indeed.
I agree that 2009 and before were poorly written at best. The boiler plate and improved reporting began in 2010, and will continue. Do you recall how many payments in cash were made to YAGI in 2011, after the boiler plate was put in place in 2010? You guessed it zero, zippo, nada, zilch, the big goose egg. You need to dig deeper to improve your understanding. Good luck to all of us longs, indeed!
It took less then 5 minutes to prove that theory wrong.
The paragraph below was copied and pasted from the 2010 10-K, you know the previous year. Does it look familiar? It is called "boiler plate" you will find it in every 10-K produced by GERS. There is nothing unique about that paragraph being in the latest 10-K. You can find it on the top of page twenty, if you decide to look.
"Our ability to make scheduled payments of principal and interest, or to refinance our indebtedness, depends on our future performance, which is subject to economic, financial, competitive and other factors beyond our control."
Excellent!!
cropdoc, Please read the bold red type. the sentence reads to me that they are referring to future payments of Principal and interest. Nothing supports current principal and interest payments. Why would future performance dictate the ability to pay today? GLTU
"Our ability to make scheduled payments of PRINCIPLE and INTEREST or to refinance our indebtedness, depends on our future performance which is subject to economic factors".
I guess another possibility is that YAGI and company is sitting on 4.99%, and has to sell off the new shares as they receive them. It doesn't seem as likely though, as I doubt they are receiving new shares on a daily basis.
Yes, it is possible that GERS is using their senior lender to show injury to the company.
I think that whatever agreement that GERS makes with it's senior lender includes their cronies as well.
With the fluctuation of corn oil prices, and the various levels of extraction rates, how can the company so accurately plan to fall short $200,000 of paying the entire interest for the year?
Why is it sometimes the number of shares traded are in the 500 range, if only 70,000 to 80,000 shares are dilution? If YAGI can own 4.99%, why do they dilute everyday? Diluting everyday is what is pushing the share price down. I think it is intentional.
It is very possible that this small amount of dilution is all part of the master plan to continue to look injured by infringers. Why did GERS decide to pay only 1.6 million this year when the interest alone will be 1.8 million? When posters here are exclaiming that they will pay multiple payments of 1.6 million, why would YAGI still be diluting every day to make up the $200,000 in interest? A mere $16,666.67 per month should seem like a drop in a bucket compared to anticipated revenues.
Me too good luck to you!
Thanks. I am not debating to convince cropdoc, per say, I have been debating to give others as much information as possible to make their own decisions. I do not want to see a major sell off when folks realize that the company is still financially strapped. If I am wrong, I will admit it. Others are already preparing to be wrong by blaming the company's 10-K/A if they misread it. I think I have done my part, and will let it go now.
Bring your "potential earnings" to the local candy store and see how many pieces of penny candy you can buy with it. Zero!
cropdoc,
You are only posting part of the filing. Here is the part that lays it out for the english challenged.
Page 70 GERS 10-K/A
And I quote
"NOTE 20
SUBSEQUENT EVENTS
On January 17, 2012, the Company entered into an Amended Management Agreement in connection with the YA Corn Oil Transaction (see Note 11, Debt Obligations , above), pursuant to which the Company agreed to certain terms which reconciled the impact of about $1.9 million in indemnification expenses accrued by the Company during the year ended December 31, 2011.
On February 29, 2012, the Company entered into an Amended Global Forbearance Agreement pursuant to which the Company agreed to amend the terms of the A&R Debenture issued to YA Global (see Note 11, Debt Obligations , above), to provide for about $1.6 million in cash payments during 2012." GLTU
If/when you are wrong it is because you are misreading the 10-K/A, and then misleading this board by posting incorrect information.
Because you state "multiple payments" of about 1.6 million. I am stating about 1.6 million broken down into multiple payments.
I think if you ask yourself this question, it will help understand.
If the company announces that they will make "multiple payments," why would they be firm on an arbitrary payment amount of 1.6 million, yet uncertain of the number of payments? In other words, why 1.6 million instead of say 1.5 million or 2 million? What significance does 1.6 million bring?
We know that the total interest for 2012 is 1.8 million, and their goal is to subsidize the debt equity. It would seem logical that a total of 1.6 million, broken down into payments, would likely achieve that goal. GLTA
You have the plural correct you have the amount wrong
Agreed good luck to you
Yes, but it will be harder to read because it does not exist.
How about a link to how many 1.6 million dollar payments have been made?
Freedom,
Do you think that Greenshift was/is holding out for the all inclusive patent #5 before motioning the judge to render a decision on the PI? I would expect them to ask to have patent #5 be entered into the law suit within a couple of weeks.
It would be nice if yesterdays "largest dilution day of the year" is symbolic of the end of dilution, followed by a notice of new financing.
Today marks the single largest trading day since the R/S. I wonder what's up? Is it possible that the dilution is over and YAGI has decided to dump all the shares they were holding? Are there any other opinions?
If GERS is making multiple payments a year of 1.6 million dollars to YAGI, then that is most likely not dilution.
Actually it is an obligatory discussion. It is definitely not the "safe Harbor section."
A public company cannot experience the following, and only share it if they feel like it. The whole purpose of this filing is to inform the shareholders the condition of the company so that they can decide to buy, sell, or hold shares.
No sir, facing foreclosure is not just idle chit chat.
"On February 29, 2012, the Company entered into an Amended Global Forbearance Agreement pursuant to which the Company agreed to amend the terms of the A&R Debenture issued to YA Global (see Note 11, Debt Obligations , above), to provide for about $1.6 million in cash payments during 2012."
Forbearance Agreement
An agreement by the lender not to exercise the legal right to foreclose in exchange for an agreement by the borrower to a payment plan that will cure the borrower's delinquency.