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Maybe the lawyers for the infringers have advised their clients to start buying GERS stock.
I'm talking pps not trading volume. The only indicator of upward trend would be the market cap, and that's only because dilution is outpacing the decline of the pps.
If you go back 2 months the pattern shows a slow decline. 1 month shows almost complete stagnation.
Hooray, we're only down 60% for the quarter instead of 68%.
That's quite a success story. The company has 887 million shares outstanding and trading at .0004 (I predict an RS in their near future). They also posted a net loss for the 3rd quarter. Considering they haven't traded over .005 since the press release, paying off the $850,000 debt didn't seem to have much of an impact.
Slash thinks Flint Hills is a GERS customer even though they publicly touted their use of Edeniq tech for COE. They very well could be GERS customers though, since Edeniq does appear to be an add-on after the centrifuge. There just isn't enough proof to confirm or deny that they are a customer or infringer.
The Fairmont plant that they acquired was a customer of GERS though.
KK owns 51% of the company via his 633,853 shares of Series D Preferred stock. The full 1,000,000 Series D preferred stock issued makes up 80% of the company regardless of how many common shares are issued. So while my stake in GERS has gone down 67% this year, KK maintains his 51% stake without taking on any new shares.
Thanks grip, that clears it up. Thank you for your due diligence.
No, I'm just trying to confuse myself more.
It doesn't make much sense that with revenues higher than 2010 that YAGI would agree to take less in 2012.
3,200,000 - 2010
4,800,000 - 2011
1,600,000 - 2012? or 6,400,000
The previous agreement also stipulates that "each Installment Payment shall be reduced by the amount of any conversions performed by YA Global on a cumulative basis."
I just don't understand how GERS could have negotiated substantially lower payments when YAGI has to know that they are seeking out other means of financing.
*Edit: I just did some quick math and the most that YAGI could have converted would be approximately $2.2 million. Well short of the $4.8 million I expected at this point.
On a side note, I think I can finally put to rest the confusion over the $1.6 million payments to YAGI. Based on a previous agreement, GERS made quarterly payments of $800,000 in 2010, and quarterly payments of $1,200,000 in 2011. So, I think it is safe to say the "Payments of $1,600,000" are quarterly payments.
I'm not sure if anyone was still discussing this, but I thought I would throw it out there.
http://www.sec.gov/Archives/edgar/data/1269127/000126912709000154/gers8k12909.txt
In the past 10 years there have been 4 reverse splits equaling essentially a 10,000,000:1 ratio. If dilution continues at the rate it's currently going, we will see another RS. The OS has tripled in the past year and with revenues and SP staying low the rate of dilution is almost guaranteed to increase.
211 according to this one as of Sept 2012
http://www.neo.ne.gov/statshtml/122.htm
194 as of Jan. 1, 2012
http://www.eia.gov/petroleum/ethanolcapacity/
There is no 10-Q filed after the 4th quarter because the 4th quarter numbers are included in the 10-K (annual report). The 10-K is due 90 days after the end of the fiscal year.
As of December 31, 2011, there were 18,098,873 shares issued and outstanding.
As of September 30, 2012, there were 46,616,482 shares issued and outstanding.
As of November 14, 2012, there were 53,519,036 shares of common stock outstanding.
GERS has added 28.5 million shares in the first 3 Q's and 7 million in the last month and a half.
5 days from the original 10Q due date, unless the 5th day falls on a Saturday or Sunday, in which case it would be the following Monday.
Actually the Q3 Deadline was the 14th and the extended deadline would be Monday the 19th. While there might not be much as far as repercussions go on filing after that date, it's not business wise. And I do agree, we'll probably see the Q3 drop in the next hour.
Because GERS filed for the 5 day extension, Tuesday(Nov. 20th) would be the last day they could submit their 10-Q.
I had it show up in my inbox about 7 minutes prior to your announcement. You can use the RSS feed provided by SEC.gov to get instant notifications when new files post.
Just use this link - http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001269127&type=&dateb=&owner=exclude&start=0&count=40&output=atom - with any RSS reader(I use Outlook).
Slash believes that since Amaizing Energy had Primafuel(Edeniq) and after being bought by The Anderson's (already a GERS customer) settled with GERS, all Primafuel(Edeniq) customers have licensed with GERS. I need more proof than that before I'll believe it though.
This plant, currently owned by Advanced BioEnergy, is licensed with GERS.
http://www.greenshift.com/news.php?id=284
But will they continue to collect royalties once Flint Hills takes over?
The math is right, my label is wrong. Inedible corn oil is trading at around $.50 a pound. The Advanced BioEnergy plant produces 18,000,000+ pounds of corn oil per year.
4.5 Million pounds per quarter * $.50 * .2 royalties = $450,000 lost per quarter
Yes that is the company I was asking about. Are they a GERS customer? There are some people here that believe they are, but I can find no proof of it. All I know is the plant they are buying currently belongs to a GERS customer (Advanced BioEnergy). I'm concerned that if Flint Hills is an infringer, we are going to lose out on 18 million annual gallons worth of royalties once they take over. 4.5 million per quarter * .50 per gallon * .2 royalty = $450,000 removed from our bottom line per quarter
Greenshift moved their operations from NY to GA a year or 2 ago.
Is Flint Hills a Greenshift customer?
Looks like there is a possibility that GERS is losing a contract on 18 million+ annual gallons of corn oil.
http://www.agprofessional.com/news/Largest-ethanol-plant-sold-to-Flint-Hills-Resources-174554621.html
Flint Hills is partnered and invested with EdeniQ for their COES.
E15 not E85
It closed at .05 here. The delay is just longer.
332,002 at the ask of .0550. Someone bailing or dilution?
I noticed an oddity pertaining to this in Adarna's Q2
This was included in the original version, but was removed in the amended version. In fact, any mention of Long Side was removed in the amended version
Let's just hope that we get rich(er) before the capital gains tax goes up.
So how is fourtwo's statement false then?
You sound like you agree now. GERS recognizes revenue from its patents when a customer ships the oil, not when they're paid. It may still be deferred at that point, but that is when it is recorded.
From the 10Q under the section "Revenue Recognition"