Greenshift Corporation (GERS)

[nobody12378]

I have a thought, one that Fourtwo or an accounting knowledgeable person can tell us if it violates accounting principles. We know that Becker stated at the FEW that they are actively engaged in expanding alternative revenue streams from their ethanol production. We know that KK has stated that GERS is actively engaged in promoting its technology portfolio with its current customers and I heard directly from one of the principals that GERS current customers are very happy with COES and want additional GERS technology to increase their revenues. We also know that GPRE did not do very well last quarter and that ethanol production alone is not generating adequate revenue industry wide.

I think that all of these statements are correct. Now suppose, for example, that GERS has an agreement with GPRE who appears to be short on cash to retain a portion of the GERS royalties that they owe GERS for development and extension of other GERS technology. Could such an arrangement (and perhaps others) explain the GERS revenue question and if so would they represent kosher accounting?