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It has not been completed... there is additional information on the financing for Fulton. Pretty much says it won’t happen until the toxic financing is resolved.
And just making sure that you think there are provisions in 10q to accommodate a misrepresentation on prior 10q. When you significantly misrepresent the value of an acquisition and then wait a significant period of time before correcting your error, you are responsible for the losses of that misrepresentation. Everyone who bought that stock on the acquisition and sold when you corrected the 10q is eligible for class action lawsuit for securities fraud. Happens every day...
GERS is in Federal court... ATIS simply can’t file because they were fraudulent when on valuation of IP purchased. GERS has a reasonable excuse... ATIS does not.
I am not going to go back and dig this up again but they were absolutely paid. In stock that was sold immediately to pay off GERS debt. The float literally increased the exact amount required. KK signed the SEC filing... I still don’t understand how there are still conversations that maybe the deal never happened.
Nevermind... we agree completely lol. 1815 Tambora released 100 years of CO2 equal to 2012 total. 100 2012s in a single event from a single volcano. Climate Change is real... so is gravity lol.
Volcanos suck up and spew more than humans ever could...
All current patents were purchased. The operations were outsourced to JVco... so any additional patents should be owned 80% also. If under GS... I know he has other companies
Well I wonder if the patents are revalued are $0 and financials filed...
I can give a little bit of insight as to the recent activity. We have moved into the time period of historical opinions. We are certainly a Precedential Opinion at this point (meaning new verdicts on reduced to practice were not considered)... the earliest opinions from this court historically is like 80 days. The court clerks will also regularly verify and ask for investigations by the USPTO prior to arguments as well as prior to opinion. The clerks are likely inquiring about items such as moisture/temp success ratios. That said these changes were likely communicated also. All of this is speculation, what I can tell you is without dissent (which is very possible) the first decision is about 80 days and last is 180days. Any day now... is here.
I mean ATIS owns GERS sooooooo.... I would say that the post was completely useless. I don’t mind useful ATIS if as it pertains to GERS.
Posting ATIS info from 2018 that has not changed a penny in two years on the GERS board is an absolute waste of our time. Completely agree...
Hahaha KK buying up ATIS.
Also the last ATIS 10Q states ownership of IP, financing stock issued, and ownership of joint venture.
GERS received their shares and sold them per ATIS institutional filings.
Again my interpretation... but the fact of who now owns it is not debatable. The comments about GERS profiting from Fulton is non sense. Our hopes sat firmly in the appeal and I think we lost it.
Nah... actually both replies were pointed to his replies lol.
No that came from Harry Winston (I think is his name).
Because something “remains in the name of” does not mean that entity OWNS it. As soon as you accept payment your ownership (per terms of contract) transfers to the status of terms of contract. As for the post about until GERS files an 8-k. When you get acquired you don’t file an 8-k... the purchaser does. KK signed the 8-k filed by ATIS. And lastly I can show you exactly what happened to KKs ownership tomorrow... his equity is the only value that is murky in this deal. He owns 100% of the holding company that owns JVco.
GERS shareholders own 20% of the 20% stake of JVco.. or 4% of JVco.
That is like saying I still own the car I just sold because they haven’t registered it yet lol. Ok I am going to go away for awhile... I usually just read these posts and laugh at them.
Disregard... we are reading it correctly.
I think we are reading it wrong.. it may say their contracts are worth $50 million plus litigation damages? My point is ATIS won’t get any.
I am not arguing the damages... I am stating that ATIS has zero rights to those damages and owns 80% of GERS portfolio of IP. GERS owns zero of ATIS and 20% of their portfolio of IP.
Impact of Litigation Rights
The purchase price and other JVCo transaction terms were designed to value the transaction on the basis of JVCo’s existing business, investments, and multi-sector intellectual property rights – not including any matters that are subject to current or anticipated patent litigation, or CleanTech’s various contract and other claims involving more than $50 million in damages.
The damages were in the same filing. They were estimated... I am sure someone on here can quote it exactly.
Absolutely false. ATIS owns that IP through the 80% stake of JVco. How can you be absolutely sure that ATIS owns this property? Because it states very specifically that ATIS will only benefit from the future value of this IP and has no rights to the estimated 57 million dollars on damages from infringement.
GERS owns no IP. ATIS bought is for 18 million dollars. And GERS IP has nothing to do with feed produced from corn.
They bought product from ATIS, nothing more to this story.
It was 10000% meaningless GERS. GERS produces 0 lbs of feedstock per year. ATIS bought GERS... not the other way around. They have rights to us... we don’t have ownership in them!
GERS has no role in Fulton... and if they do(Additional centrifuge) it is through JVco... and if it is through JVco GERS only gains 20% of it. GERS owns zero of ATIS, ATIS owns 80% of GERS portfolio... plus their agreement was to outsource all operations from GERS to JVco. GERS is hopes reside in litigation and new patents.
Lmao I got to read it because it was directed toward me. Their patent is not enforceable... obviously. The Supreme Court??? The hear what? 2 maybe 3 patent cases a year. Yea... ok.
Patent has never been upheld... they are appealing a ruling that the patent is not enforceable and the defendants owe GERS nothing in royalties. We have been told that some companies are paying but have not seen financials to show it. If the appeals are ultimately lost those royalties would go away.
There is no patent... until the ruling is overturned it’s just a pretty piece of paper. There is no value to it, no reason to market it because there is no legal recourse to collect on it’s benefits. That is exactly where ATIS stands today. They bought 80% of this portfolio, valued it at millions, and then realized ewww we can report value to assets that lack enforceability, they have no value. Ewww we told our shareholders they had value, and knew about the litigation from the start. Now if we tell them just kidding we are responsible all loses any investor took from the date of the filing. I sincerely pray this lands at the feet of the original attorney, because there are protections to clients for these types erroneous procedural issues. From the hearing today I highly doubt it and now it very well may be the end of 2 companies.
It is brutal.. lol
GreenShift... we would love to hear from you again after this outcome.
Sounds like death... and ATIS buyout of float to go private. Just my crappy crystal ball.
Should be over... edge of my seat lol.
The reduction is total over all points in the process... also remember that a plant “corn” begins with a net negative carbon due to consumption during growth. This stat is not apples to apples... because it calculates all processes of gasoline production but not the diesel for cultivation of crop.
I’m sorry but Cosman is a piece of shit...
Nasdaq requires them to be delisted at 360 days... I’m still long here but crash is coming by the 15th.