Replies to post #39519 on Greenshift Corporation (GERS)

[ice_n_ak]

Corn Oil Production Segment

Revenues in the corn oil production segment increased by $0.7 million for the three months ended March 31, 2014 compared to the same period in 2013. During the three months ended March 31, 2014, the corn oil production segment sold 50.6 million pounds of corn oil compared to 38.1 million pounds in the same period of 2013. Production in the first quarter of 2014 included 9.9 million pounds from the ethanol plants acquired in 2013. The average price realized for corn oil was 20% lower for the first quarter of 2014 compared to the same period in 2013. Gross profit and operating income in the corn oil production segment decreased by $0.1 million for the three months ended March 31, 2014 compared to the same period in 2013. The increase in revenues was offset by $0.8 million of additional expense related to increased volumes produced along with higher input costs during the three months ended March 31, 2014 compared to the same period in 2013.

GPRE: Sold 50.6 million pounds of corn oil compared to 38.1 million pounds. Price for corn oil 20% lower.

GPRE produced more oil but was paid less. GERS has more licensed companies producing more oil and when the oil prices rise so to will GERS.