Greenshift Corporation (GERS)

[mitoo]

"We expect to continue incurring substantial costs in connection with our ongoing litigation for infringement of our patented corn oil extraction technologies. These costs have increased during the second half of 2011 and are expected to continue to increase into 2012 in advance of trial, and as we expand our litigation to protect the competitive advantage of our licensees by prosecuting additional producers and other parties infringing our patents. These expenses may delay or otherwise adversely affect our ability to achieve our profitability and debt reduction goals. We hope to eventually eliminate our litigation expense, but we must and will take all necessary steps to bring infringement of our patents to an end. We have reserved cash for this purpose." http://www.sec.gov/Archives/edgar/data/1269127/000126912711000080/gersq32011.htm

However, dont see where they reserved cash for new installations arising from the [surprise] acceleration described below:

"More U.S. ethanol plants seem to be jumping on the low-oil bandwagon by upgrading equipment to extract corn oil during the ethanol production process, according to an article in the U.S. Grains Council's weekly Global Update (http://bit.ly/…).

Removing the oil presents ethanol plants with an additional revenue stream, as the value of non-food-grade corn oil has increased and new technology allows companies to extract oil more efficiently. A plant that produces 40 million gallons of ethanol is capable of producing 8 to 12 million pounds of oil.

Approximately 90 of the 200 U.S. corn dry mill ethanol plants in the U.S. have these capabilities, and that number is expected to increase to 105 by the summer of 2012.

According to Randy Ives, director of ethanol services for Gavilon, LLC in Des Moines, Iowa, and value-added advisory team leader for the council, about 40% of the dried distillers grains with solubles produced currently is low-oil. Ives expected that number to increase to 58% by summer. [ ]."http://www.dtnprogressivefarmer.com/dtnag/common/link.do;jsessionid=FEDC90688FB712914310933C9D3D6A17.agfreejvm1?symbolicName=/ag/blogs/template1&blogHandle=ethanol&blogEntryId=8a82c0bc33b7544601353aa324500f54

even if GERS needs a little cash at the moment,
thats not a problem for me.
How 'bout you?