Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
All we need is one-(1) shareholder to bring suit against KK. This is IFF he does not assume a fiduciary responsibility to the shareholder.
This was decided many - many years ago in Dodge Brothers v. Ford Motor Company. It was modified somewhat in a much later ruling regarding a homeowner v. Chicago Cubs regarding lighting in Wrigley Field. I referred to both of these in a much earlier post.
I trust KK does not want to continue court battles against a few shareholders. Wouldn't it be nice to have a few crumbs thrown our way?
TD Ameritrade will not accept BUY Orders for GERS
GERS was put on the DTC Chill List. Consequently, TD Ameritrade will not accept BUY orders for GERS; but, will accept SELL orders for GERS.
DTC stands for: Depository Trust Company. No further information is available.
NOTE: My Scottrade Account was switched over to TD Ameritrade over this past weekend. Placement of GERS on the DTC Chill List would have taken place on Scottrade
Harry, I was hoping that the 116 share purchase was not included in your quest to achieve 100k shares. (ha-ha)
Heck, I spent my $8.60 at McDonald's breakfast for my wife and me. Placed a "commission" in the tip jar.
I am a KK supporter because I am silly enough to assume that KK has a few GERS Common Shares and because I believe he doesn't want to spend additional time in litigation with some dissatisfied shareholders.
I am putting my trust in kk; in regards to Filings and News Leaks
My opinion is KK is following the advice of his attorneys who know more about the legal posturing that is taking place.
It is best that KK keep silent and follows the advice of the attorneys. KK can only hurt the GERS position if he goes rogue and releases information that is not necessary.
In regards to Filings and SEC Requirements; I trust KK is getting sound legal advice. Otherwise I lose my shirt (ha-ha).
In regards to a settlement and what is in it for us Common Stock Investors: I expect KK to act in a fiduciary manner and throw a few bones to Common Stock Investors to keep us quiet or maybe make us happy. I have referred to Dodge Brothers v. Ford Motor Company before. I trust KK does not wish to prolong legal matters with a Fiduciary Responsibility Lawsuit.
Yes, there are many ways to skin a cat; but, either way, the cat does not like it.
No Buyback or No Reverse Split
IMO, I see MJNA using the company owned AS as "capital" available to fund or purchase additional companies.
MJNA is structured to become involved with Medical Marijuana [CBD] NOT Recreational Marijuana [THC].
If Recreational Marijuana becomes legal throughout U.S., Western Hemisphere, and the World; then I see MJNA using AS to enter the Recreational Marijuana Market.
It might be possible that MJNA is holding a substantial quantity of shares to use as source of funding for an acquisition.
It appears that MJNA have been using their recent cash flow internally to fund major upgrades and purchases. Consequently, little cash available for acquiring companies (or portions thereof) to add to their portfolio of companies.
My opinion is MJNA will use shares in lieu of cash to fund acquisitions. MJNA may be holding out to get into the THC / Recreational Marijuana Market; once it becomes legal. This will result in increased value for MJNA while releasing shares to the public.
I apologize for the wrong count of OS.
Plug in whatever numbers you want for OS, $$ Settlement, 15% of Settlement, 80% of Preferred Stock, $$ Amount Re-Investment, Common Share Dividend, Royalties and disbursement of Royalties.
Bottom Line is Common Share Holders get Chump-Change based on KK's discretion. Chump-Change comes:
- After Attorney Fees
- After Preferred Stock (80% to KK via BTZO)
- After Re-Investment into Future Business (to KK via FCC).
Disbursement is setup for KK, Attorneys, and Insiders to come out ahead; I have no problem with this. These people have been in this for longer than my four-(4) years. They also have more skin in the game than me; I only have money.
Wishful thinking is to have a one time dividend for Common Shareholders (KK and Insiders should have more of this than me) AND future dividends based on future Royalties (KK needs gas money for his yacht).
GLTA, AMF
Dispersal of Settlement Funds
I still see KK Dispersal of Settlement Funds as my previous posts; with the addition of FCC:
- Deduct Payment of Attorney Fees (~15%)
- Deduct Payment to Preferred Stock Owners; BTZO / KK can do whatever they want with this
- Deduct whatever KK decides to Re-Invest into the Technology; money to fund KK privately owned FCC
- Leftover Chump-Change for 14.0 million owners of Common Shares
- Royalties are a Wild Card
I would like to see KK throw some chump-change to Common Stock Shareholders; maybe KK & Company own some of these shares as well.
IF Settlement is $140.0 Million then:
- 15% = $21.0 Million to Attorneys
- Say One-Time Dividend to Common Share Holders @ $1.00 per share = $14.0 Million (assume KK et.al own Common Shares as well)
- Remainder = $105.0 Million for Preferred Stock and FCC "Re-Investment"
Everyone should be happy; Us Long-Time Investors who believe in the Technology and KK spending the $105.0 Million.
I guess I'm too middle-class. I can't think of any need for $105.0MM. I would have enough trouble spending 14.0MM; can't think of anything that requires the additional $91.0MM. LOL
If BTZO still owns preferred shares of GERS, how will that impact the billions of shares of BTZO if GERS gets good news?
How does a company that sells clothing reap benefits from an ethanol technology company?
This is classic Shell Companies. Look-up the plot for the 1963 movie entitled: Wheeler Dealers; or read the book. A company, Universal Widgets, was a Listed Company with very thin trading. Their factory burned down during the Civil War and never made a product since the fire.
Fast forward to the 1950's - 1960's. Universal Widgets is a valuable company without a product; but with a large portion of a different company. Turns out the company paid huge dividends because they owned a large portion of AT&T.
BTZO = Universal Widgets
GERS = AT&T
Great discussion regarding disposition of Settlement Funds for Holders of GERS Common Shares?
I would like to see:
- One-Time Dividend to Shareholders
- Reinvestment of Funds back into business to grow GERS business. I bought in based upon Separation of Medical CBD from Marijuana. I like to see ventures outside of Oil & Gas. Considering technology for a Food Additive; on-line search only.
- Dividend based upon Royalties
Everyone appears to be too focused on the potential dollar amount settlement; which is pure speculation. I am concerned about what is in it for me; wishful thinking / greedy.
Just make sure you don't spend the money before it is deposited.
Have you seen the movement in Bitzio today?
Value of Shares owned by Common Shareholders is dependent upon several variables:
1) Settlement Amount: Lump Sum PLUS Future Royalties
2) Attorney Fees and Costs Associated with Litigation: 15% + ??? (of Lump Sum only?)
3) Preferred Stock Payout: Bitzio / KK own 80% of GERS
4) Lump Sum Chump-Change Remainder:
4A) KK "Reinvests" to build GERS business
4B) One-Time Dividend to holders of Common Shares (Ha-Ha)
5) Future Royalties: Only the future will tell
Only money available to Common Shareholders is in 4B and 5; to those who remain invested.
I "trust" KK will act with Fiduciary Responsibility by providing a reasonable One-Time Dividend to holders of Common Stock; otherwise he may be facing additional Court Time with disgruntled shareholders.
Agree with jobynimble and nobody12378.
Attorneys get paid first and GERS shareholders of Common Stock will get screwed.
- Attorneys have their best interest covered; so they get their percentage first
- Bitzio is a wild card. Bitzio owns Preferred Stock. Order of payment is Bonds then Preferred Stock then Common Stock. "Bonds" is Attorney Fees; since there are no Corporate Bonds.
- Bitzio value should go up upon GERS settlement due to value of GERS Preferred Stock. This happened with one-(1) of my Marijuana Stocks. The Marijuana Company is a Holding Company that owns percentages of several Marijuana Companies. When the value of one-(1) of the subsidiaries took off; the value of the Holding Company increased.
Plug-in the dollar amounts then do the arithmetic.
- Start with a Settlement Value ($14.0 million)?
- Deduct Attorney Fees (15%)?
- Deduct Preferred Stock ($?? million)?
- Deduct amount KK Re-invests into GERS ($?? million)
- Leftover Chump Change for 14 million Common Shares
How much is there for Common Shares?
Rat Fink: Compare Oct, 2014 - May, 2015 to Nov, 2016 - Nov, 2017.
Trending looks very similar.
- PPS for CA is factored in for 2018
- It appears that positive spikes are mostly political
- Positive spikes are more likely to occur before a National Election.
Calendar year when Marijuana Laws become effective have less of an impact than a National Election.
What I like about MJNA is that they appear to re-invest their earnings back into the company; hence, Value per Share is increasing as opposed to PPS. Hopefully, investors will see this trend and act accordingly.
Interesting regarding Scottrade.
I have been trading GERS on Scottrade throughout 2013-2017. Ran into trouble within the past month. Had the guy look online this morning; while I was visiting the office. Told me GERS is SELL only.
I usually use cash in my account that is "Funds Available For Trading".
Oh well, I don't have spare cash to purchase GERS; looking at something else right now.
Scottrade requires call-in for all Marijuana stocks.
Went to local Scottrade office and inquired about MJNA trading. Was told Scottrade is requiring a call-in to office for BUY and SELL of all Marijuana stocks. Scottrade guy wasn't sure about all Marijuana stocks; but, was lead to believe this is the current practice.
The guy could not comment about tdameritrade; acquisition / merger does not take affect until February, 2018.
NOTE: One-(1)of my other OTC stocks is SELL only; Scottrade Will Not Accept BUY
Two-(2) other OTC stocks have no change to BUY or SELL
Scottrade will not accept Buy for GERS
Went to local Scottrade office today and asked about Buy / Sell status for GERS.
Was told Scottrade Will Not Accept Buys for GERS. Scottrade Will Accept Sells for GERS.
Not sure regarding tdameritrade; the acquisition of scottrade by tdameritrade is not final until February, 2018.
tdameritrade and scottrade
tdameritrade acquisition of scottrade was complete about a week or two ago.
I hope the "new" company will permit trades in the OTC.
What are you hearing? I am looking to take some profit in the near future ($0.125 range).
I apologize; you did not make a suggestion.
Too bad there is so much bad blood between GERS and ICM; it is understandable though. Mine is wishful speculation. GERS could take the money and set up shop across the street to continue the business -OR- use it however KK chooses.
Everybody WINS and we move on.
Selling the Rights to ICM makes the most sense.
I believe nobody12378 posted a detailed message regarding selling Rights (GERS?) as a means of settlement. I believe Dutch1 mentioned this in Post 44816.
This makes the most sense. It would be a clean break from this litigation -AND- avoid future litigation with future defendants such as Valero.
Difficulty is establishing a Price-per-Share for purchase. KK and attorneys would receive settlement based on shares owned. Shareholders would receive settlement based on shares owned. KK, et.al. can enjoy their riches; shareholders can do so as well. ICM would pay; but, will need to settle with all the current companies who are paying royalties; that would be up to ICM to clean-up the mess while GERS supporters can enjoy the spoils.
Only difficulty I see is ICM coming up with Investors to come up with cash to support the purchase.
I like the $7.50 per share that nobody12378 calculated.
Looks more like 2015; down to $0.05
Dynamics for 2014 and 2016 Election Year Hype are not relevant for Oct-Nov, 2017. Today is more like 2015.
I have been an investor since 2013. Made money one-(1) day then turned profits around and re-invested shortly thereafter. Was a complete loser until last week; now I am break-even with my holdings.
Looking to go long; but getting discouraged.
Settlement v. Ruling: Thank you for the clarification. I apologize; I am not connected with the legal profession.
I agree with you 100% regarding the disposition of funds. Will GERS Shareholders benefit?
What is the Fiduciary Responsibility for KK to reward shareholders?
- Dodge v. Ford Motor Company (1919) established in favor of Shareholders
- Shlensky v. Wrigley (1968) established in favor of Owners (Company)
By the way; just another reason for this White Sox Fan to dislike the Cubs.
Edeniq Oil Plus System and ICM AOS not longer available is good news; but, puts no $$ into GERS.
I anxiously await the upcoming Ruling to see Lost Royaltie$$ in a Settlement.
Does ICM BTS System replace AOS?
I clicked on the ICM link you provided; thank you for the link.
Further clicked on "Products" and "Base Tricanter System" (BTS). Looks like BTS Non-Patented System is replacing their AOS System. NOTE: Other ICM Systems clearly state they are Patented
How close is the Base Tricanter System to the GERS Patented Process? I have not evaluated the systems.
Yes, Valero is the big prize.
My speculation is GERS is going after ICM for the Patent Infringement then drilling down for Royalties from the users of ICM supplied equipment.
GERS selected twenty-one-(21) smaller users of ICM equipment to establish a Compensation Model for receiving Royaltie$$ for using GERS Patented Technology.
After the Compensation Model is established by the Court then GERS may go after Valero; using the same Model as established for the smaller users.
It is my understanding that Valero is the largest Independent Refiner in the USA. It is also my understanding that Valero have nineteen-(19) Ethanol Plants.
"nobody12378", thank you for keeping the Valero thread open. I welcome your DD.
Party like it is 2015 - Look at performance for the year beginning Oct. 2015; not very encouraging.
Posts recalling what happened in 2013 & 2014 are irrelevant. Trying to make 2017 look like it is ready to take off does not apply. California becoming legal for recreational (THC); does that pertain to Medical (CBD). MJNA is not in the THC Market, yet.
Bumps have occurred in Election Years; no elections in 2017.
How about pumping with current information in lieu of continual post of same material every day or so>
Does AbbVie v. Amgen affect GERS?
In last Friday's WSJ I read where it was decided that Amgen would infringe on AbbVie Patent if Amgen produced a knock-off drug. Ruling is Amgen must pay Royalties -IF- Amgen sell the knock-of. At the conclusion of the article; Amgen indicated they will not sell the knock-off until the AbbVie Patent is over.
It did mention that Amgen have not sold any knock-off to date.
Have GERS been waiting to hear this ruling before proceeding; hence the delays.
There is a major difference with ICM; product have been manufactured and sold. Is ICM, et.al. responsible for back Royaltie$$. Will ICM, et.al. stop manufacture according to GERS Patent to avoid future Royaltie$.
I trust KK is going after back Royaltie$$.
I don't trust ICM; my guess they are trying every trick in the book to avoid payment of Royaltie$.
I trust KK is going after Royaltie$ from companies who have been cashing in on this Patented Technology; he should not give up on this point. My Southside of Chicago radar is telling me Valero, et. al. will abandon this technology to avoid future Royalty Payments.
GERS needs to insist on Royalty Payments for product produced to date. There may be no future Royalties if the violators choose to abandon ICM Equipment after the Case is closed.
Dutch, I am looking at "The Guy" behind The Guy.
ICM have their own interests; but, "The Guy behind ICM" have a greater interest in the Case. All the companies who use the Patented Technology should be on the hook for Back Royaltie$$. I expect KK to go after the larger user companies after settlement of this Case.
I am from Chicago; there is always a Guy behind a Guy. Usually the "The Guy" behind The Guy have more to lose than The Guy. I suspect ICM have backing from "The Guy". That may be holding up the settlement.
My opinion.
Yeah; but, Valero is not a defendant in this Case.
Valero is a major refiner with deep pockets and much to lose. Their war chest of cash and staff of attorneys would overwhelm Greenshift.
I would like to see KK go after Valero for Royaltie$$ after this settlement. Heck, I understand Sunoco is playing by the rules and have been paying Royalties; why shouldn't Valero catch-up.
I would also like KK to continue processing oils for the Medical Marijuana Market; this is what interested me with GERS in the first place.
Other than the two-(2) above uses for the settlement money; I would like a few dollars for my pocket. (;-}
Oftened wondered about ICM deep pockets to afford Legal Fees.
Is it possible that GEA Westfalia/ Flottweg/ or Valero are funding ICM? Each of these companies have a lot to lose. Is it true that Valero is using ICM equipment for their Ethanol Production and risk paying hefty fines when GERS wins this case.
GEA Westfalia and Flottweg are in it for equipment supply only. Valero is in for production of Ethanol in violation of Patents; hence royaltie$$.
I see KK going after Valero for back royalties; since Valero use ICM equipment. NOTE: I believe Valero is purposely left out this litigation due to their deep pockets.
Looks like the guy who just sold 5,000 shares for $225 (less commission) is planning to go to an Upscale All You Can Eat Buffet.
Gotta like the Dutch1 comment
Haven't you heard of CanChew Gum. How about Dixie Botanicals? Infused Candy?
People need to stop referring to "Medical Marijuana" and "Recreational Marijuana" What is wrong with using "CBD" and "THC" to distinguish between the two.
Talk about too many OS Shares of MJNA: Didn't MJNA use company owned shares to purchase parts or all of companies in the CBD Industry? Isn't that how MJNA grew their business?
Is MJNA holding back company owned shares in order to purchase other Medical (CBD) companies or might MJNA holding out to purchase shares of Recreational Marijuana companies when TCH becomes legal?
Otherwise, one-(1) way to increase value of MJNA stock is to retire some company owned shares.
Just my thoughts.
Fiducuary Responsibility to Shareholders: I have seen many posts speculating how KK will spend settlement money. As a shareholder; I believe KK has a fiduciary duty to shareholders to provide a benefit to the shareholders.
It is my understanding that KK may direct settlement funds to the betterment, or growth, of GERS; however, I do not believe KK is entitled to pocket the settlement for his personal benefit.
This all stems from the classic Dodge v. Ford Motor Company decision. It is my understanding this decision has been modified from benefits to shareholders to benefits to the betterment of the company. However, benefits for personal gain is still prohibited.
My opinion; feel free to have your attorney look into this.