Joeyd1 ...
I have been averaging down on this stock for more than 5 years, now. I offer the following thoughts on GERS:
The company is marketing new technology 'add-ons' for the ethanol industry, which is currently producing about 13 Billion gallons per year of ethanol, and growing.
Greenshift has the leading patent portfolio in a technological space known as "Corn Oil Extraction Systems", or COES. The technology they developed and patented produces an extra 4+ gallons of "inedible corn oil" for every 100 gallons of conventional ethanol production. The inedible corn oil can be processed into biodiesel (a diesel fuel substitute) as well as other derivative products.
Industry-wide, that represents a potential, new source of oil for biodiesel of 520+ million gallons per year, which has a current market value of about $3.60 per gallon, for an industry-wide revenue improvement of more than $1.872 Billion per year, and growing. The incremental gross margin on the inedible is about 70% - 80%, before the patent royalty.
GreenShift has currently licensed about 10% of the industry, and cash royalties from those customers are already flowing to the company. All of the current intellectual property license contracts are scheduled to be online by the end of this current quarter.
GreenShift is also defending its market position against infringement by a number of industry pirates, who are allegedly using their technology off-patent, without a license. Approximately 10% of the industry is litigating with GreenShift in federal court in Indiana to resolve this matter. Some estimate that another 10%, or so, of the industry is pirating the technology, but has not yet been engaged in litigation.
The remaining 70% (roughly) of the industry has not yet adopted the new technologies, which GreenShift spent nearly a decade and more than $100 Million developing and patenting.
GreenShift is using the patent license cash flows to reduce debts incurred during the development and patenting of the technologies over the past decade, or so, while continuing the infringement litigation and maintaining its management salaries, staff, and employees.
I would categorize the current stock price level as "undervalued" or "conservatively valued". There are actually bids at levels below $0.0001, but most brokers are not equipped to disseminate pricing information at less than 4 decimal places. So, you see "n/a" or some other place filler instead of a bid.
Volume data shows that there is still trading going on, despite not seeing bids. Some brokers may be equipped to show prices in more than 5 decimal places.
This stock is a very long term, venture capital investment. Personally, I believe there is great upside potential, here, but you should be prepared to hold your shares for at least 3 years from here. In the meantime, liquidity may be very sparse; and spreads may remain very wide. So, if you are forced to sell early, you may have to suffer a large loss.
Good Luck.
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