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jlglex

06/07/11 2:57 PM

#13922 RE: TREEPLANT #13919

Past history:

During the past 5 years, KK had little choice but to dilute the Common Stockholders.

The ethanol industry went through a massive downturn, when funding for ethanol companies was extremely hard to come by. That industry downturn was complicated by the credit crisis, crash, and great recession.

I don't believe that the dilution and declining share price was, so much, an indication of the Company's attitude towards common stockholders as it was an indication of the difficult funding environment of the times.

The real test of the Company's attitude towards shareholders will come in the days ahead, when cash is flowing and debts are repaid. Then, we will see the true test of management ethics, character, and shareholder relations.

Given that Common Stockholders, as a class, have put around $100 Million into this company over the past five years, they really ought to treat us right, when they are able to. And, if necessary, there are legal steps that can be taken by shareholders to make sure that we get a fair piece of the pie, when all is said and done.

Remember, also, that KK does own some Common Stock; and several employees own Common Stock as well. In addition, I believe that YAGI has accumulated a number of warrants to purchase Common Stock, which were issued in conjunction with various financing transactions during the company's history.

This means that various insiders also have an interest in seeing a strong stock price.

Furthermore, KK is still young, and if he really wants to continue to be active as an entrepreneur/investor in the biofuels industry, then he and GERS will benefit from having a strong, Nasdaq stock to work with.

A strong Nasdaq stock will facilitate further financings in the future.

In short, it is very much in KK's personal interest, as well as GERS' corporate interest to conduct a stock buyback that restores the value of the Common to shareholders.

It's a good bet that they WILL treat common stockholders well, after they have satisfied debt obligations. There is a carrot for them to do so; and we have a stick to work with as well.