Friday, March 06, 2020 12:19:43 PM
the statement below.
Slashnuts: Post 48997
But to answer your question, I believe we're waiting on ATIS. GERS owns ATIS series G shares convertible into the money that will eliminate GERS remaining debt. My assumption is ATIS needs to be current with their filings so that GERS can convert the series G shares, or ATIS can pay with cash from the new refinery to minimize dilution to ATIS.
Once GERS is debt free and the threat of dilution is eliminated, GERS will update their filings, IMO. The success of ATIS is important. The Sunoco acquisition is key. $150MM in revenue is a great starting point with a series of exciting upgrades coming. Upgrades that would've enabled the ethanol industry to be profitable today, had they had the wisdom to work with GERS.
With only 20MM shares out, every $1MM in profit would be EPS of $.05. Whether it's cannabis oil, corn oil, CO2 to ethanol, earnings from the ATIS JV, etc...
Oldrogue.
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