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Re: nycdream post# 22852

Saturday, 12/03/2011 12:05:37 PM

Saturday, December 03, 2011 12:05:37 PM

Post# of 52849
I think that ICM Bankrupcy is more likely than one would believe from the AWESTRUCK commenters, Here on GERS. "Ethanol" producers have struggled, and several have failed in the recent past. Thankfully, the business, overall, seems to be improving. Greenshift has added a new Profit Factor which benefits all who Contract for it. And will sink those who do not. GERS, for those who don't pay attention, is out of the Ethanol Production Business except for Yorkville, which they need for experimentation and Research. If you consider where GERS derives Revenue, it is from the Patents. Their "Infastructure" is the Patents, which could be kept in a Cigar Box! Those, and the material and expense of Installations will soon be the "Cost of Revenue" when the Litigation is over. All the Blather about "Infastructure" going "POOOF" seem to ignore that "POOOF" is about $8 Million in paid off debt in the last year. BTW "Current Debt" is about $21 Million. So, anyone using $53 Million, $38 Million, $33 Million debt figures is doing so from either Ignorance, or to Deceive. Take your Pick. MOLPO