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Friday, March 07, 2014 3:11:20 PM
The cash level of 4,296,586 was as of the end of Sep, Q313.
Cash levels have consistently increased every quarter for the last 6 consecutive quarters.
It's been 6 months since the last reported $4.3M. Cash reserves have continued to grow, IMO.
On average, GERS added $575,000 in cash every Q for past 6 Q's.
Being that Q114 is now over, and continuing with the same average cash gain of $575K, GERS cash as of today would be $5,500,000 or roughly $1/2 cent per share cash.
However, I think it's higher than this for several reasons.
#1 GERS licensed producers have been operating at maximum capacity, buying out competitors, and bringing idle plants back on-line.
#2 GERS just announced gaining 4 new customers in just a matter of weeks. They've averaged 2.8 licensee's a year.
#3 Corn oil prices are up, increasing 10% so far this year. A 10% increase in revenue/cash could be at least another $500,000 every 3 months.
#4 New Equipment sales worth millions...
Cash level History...
Look at That Cash Growing!
Q410
$18,420
Q111
$87,576
Q211
$1,407,149
Q311
$1,528,192
Q411
$1,364,994
Q112
$835,286
Q212
$1,474,867
Q312
$1,679,887
Q412
$2,030,577
Q113
$2,420,380
Q213
$3,828,107
Q313
$4,296,586
http://www.sec.gov/cgi-bin/browse-edgar?CIK=gers&Find=Search&owner=exclude&action=getcompany
Good Luck To All!$!$!$!$!$
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