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Re: DHOLE post# 30621

Saturday, 09/15/2012 11:16:52 PM

Saturday, September 15, 2012 11:16:52 PM

Post# of 52858
Firstly, I think we need to draw a distinction between inventors' royalties (paid by GERS to Cantrell, Winsness etc) and GERS licence fees earned from users of their technology. The latter is revenue, the former cost of sales.
I agree that Ethanol production does not necessarily indicate what GERS revenue should be. Sales, however, does and the most straight forward calculation of GPRE sales revenue should directly influence GERS revenue, assuming our understanding of GERS licence terms is correct (20%). This relationship has broken down. I don't believe any amount of assumptions about payment terms, inventors royalties can change this inexorable logic.
I've not read the Zero Point report yet - what's in it that you think is noteworthy?