A few thoughts from Q3 2011
From the 10Q Q3 2011
A couple of interesting paragraphs as I re-read some of Q3 2011:
In addition, future results may be improved by the impact of event-driven systems
integration contracts as we have recently experienced a significant increase in interest for our engineering and other services in connection with the design, construction, integration and modification of corn oil extraction systems and other new systems for existing and prospective licensees.
Mr. Farrish's appointment may have something to do with offering new systems for customers?
Also, here is a dose of reality, remember litigation isn't cheap. When Greenshift hopefully wins in court it will be worth it, however the legal road is a toll road, and the longer you're on it the more costly it is. Greenshift reminds us all of that below.
As discussed further below, despite producing nominal net income during the third quarter of 2011, it is unlikely that we will generate pre-tax profit for the full year ended December 31, 2011 after excluding the positive impact of non-recurring income earned during 2011. However, we believe that the license agreements we have executed to date will provide us with sufficient recurring revenue to transition to pre-tax profit on an annualized basis by the end of 2011, depending on the amount of corn oil produced by our licensees, the market price for corn oil, and the extent to which we incur additional costs in our litigation for infringement of our patents.
