posted
ethanol is getting a lot more buzz and next week, the second largest ethanol producer, VeraSun, is going public. so you can hope that similar stocks are going to be getting a lot more attention. and with insq's upcoming overall share reduction, i think these stocks are going to pop soon.
Posts: 74 | From: the real OC | Registered: Jul 2005
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BROOKINGS, SD (March 30, 2006) – VeraSun Energy Corporation announced today it had filed with the Securities and Exchange Commission a registration statement to register shares of common stock for sale by the company and selling shareholders in an initial public offering. Morgan Stanley & Co. Incorporated and Lehman Brothers Inc. will serve as the lead managers of this offering, with A.G. Edwards & Sons, Inc. serving as the co-manager.
The company is the second largest ethanol producer in the U.S. The company has two operational production facilities in Aurora, South Dakota and Fort Dodge, Iowa and is constructing a third facility in Charles City, Iowa. The company intends to use the net proceeds from the offering, together with cash generated from operations, to finance construction of two additional ethanol production facilities in the upper Midwest.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
A copy of the prospectus relating to this offering may be obtained by contacting Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, New York 10014, Attention: Prospectus Department or by emailing prospectus*morganstanley.com; or by contacting Lehman Brothers Inc. c/o ADP Financial Services, IDS Prospectus Fulfillment, 1155 Long Island Avenue, Edgewood, New York 11717, or emailing monica_castillo*adp.com.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
-------------------- hi Posts: 74 | From: the real OC | Registered: Jul 2005
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posted
VeraSun sets IPO at 17.25 mln shares, $18-$20 each
May 23, 2006 05:32:18 (ET)
WASHINGTON, May 23 (Reuters) - VeraSun Energy Corp. on Tuesday set its planned initial public offering at 17.25 million shares at an estimated price of $18 to $20 each.
The Brookings, South Dakota-based company will sell 11 million shares, and stockholders will sell an additional 6.25 million.
Morgan Stanley, Lehman Brothers and A.G. Edwards will underwrite the offering.
-------------------- hi Posts: 74 | From: the real OC | Registered: Jul 2005
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Hugo International Telecom Completes Acquisition of Mean Green BioFuels from GreenShift Corporation
NEW YORK--(BUSINESS WIRE)--June 7, 2006--Hugo International Telecom, Inc. (OTC Bulletin Board: HGOT) today announced it closed its acquisition of Mean Green BioFuels, Inc., from GreenShift Corporation (OTC Bulletin Board: GSHF), Hugo's majority shareholder.
Under the terms of the acquisition agreements, Hugo has acquired 100% of the issued and outstanding stock Mean Green BioFuels and its subsidiaries and exchange GreenShift's current 67% stake in Hugo in return for the assumption by Hugo of about $2.0 million of debt and the issuance to GreenShift of a new class of Hugo preferred stock that is convertible into 80% of Hugo's issued and outstanding stock.
Mean Green intends to finance, build and operate several biodiesel production facilities in the U.S. The feedstock for these facilities will include corn oil derived from ethanol facilities, soybean oil, and animal fats. Mean Green is designing its first planned biodiesel production facility to operate at 45 million gallons per year and to be expandable to accommodate growth. Each Mean Green biodiesel facility is expected to utilize traditional esterification and transesterification methods as well as other proprietary processes.
A key aspect of the Mean Green business model is its reliance on new sources of biodiesel feedstock's produced by its clean technology partner, Veridium Corporation (OTC Bulletin Board: VRDM), another GreenShift company.
Mean Green is party to a strategic alliance with Veridium pursuant to which Mean Green has the ongoing exclusive right of first refusal to purchase Veridium's various biodiesel feedstock's including the high grade corn oil that Veridium extracts from an ethanol by-product called distillers dried grain ("DDG") with Veridium's patent-pending Corn Oil Extraction System(TM).
Veridium's pricing model for its Corn Oil Extraction Systems(TM) is based on its provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing corn oil market prices. Veridium intends to purchase and sell its extracted corn oil as a high grade corn oil product until Mean Green's first biodiesel production facility commences operations, at which point Mean Green intends to purchase the oil from Veridium based on a fixed discount to prevailing fuel prices.
As previously announced, Hugo intends to change its name to GS AgriFuels Corporation in conjunction with the closing of this acquisition.
About Hugo International Telecom, Inc.
Hugo International Telecom is 67% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Hugo International Telecom, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
INSEQ to Manufacture SunSource Systems for Oil Extraction from Ethanol Process 23 August 2005
INSEQ Corporation has signed on to manufacture the systems that will be used by SunSource BioEnergy to extract corn oil for use in biodiesel production from the process used to prepare corn for ethanol production (earlier post).
INSEQ expects that SunSource BioEnergy will need in excess of 30 systems for ethanol producers over the next 24 months at an approximate cost of $1 million per system. SunSource BioEnergy is a partnership consisting of partnership consists of ethanol producers VeraSun Energy, Glacial Lakes Energy, KAAPA Ethanol and Golden Grain Energy; and technology company Ethanol Oil Recovery Systems—the inventor of the extraction process.
By extracting the oil, ethanol producers have the opportunity to increase plant income and improve handling characteristics of distillers dry grains (one of the standard byproducts of the dry mill process).
The process redirects an internal waste stream in dry mill ethanol facilities through a proprietary centrifuge technology that extracts corn oil from the evaporation area of the dry mill plant. The extraction systems are the essential element of the EORS technology.
One additional benefit is that by removing the corn oil from the drying process, the potential emissions of volatile organic compounds (VOCs) from the DDGS (Dried Distiller’s Grain Solids) dryers will be reduced.
Controlling VOCs from the DDGS dryers and the cost and energy consumption of thermal oxidizers (TO) used as one solution for that are important issues for the ethanol industry. A variety of control solutions are being explored, including the use of Combined Heating and Power (CHP) systems.
Under the terms of INSEQ’s manufacturing agreement with EORS, EORS has granted INSEQ right of first refusal rights relating to the manufacture of the extraction systems and any other manufacturing needs relating to the extraction systems.
EORS and INSEQ are respectively 15% and 70% owned by GreenShift Corporation.
-------------------- "Keep your stick on the ice, we're all in this togeather!" Posts: 367 | From: AK | Registered: Aug 2005
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posted
Lets hope that this gets some attention and moves the pps up.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
I agree, I think VRDM is the pick. It moves allot better than the others. INSQ moves, but far more spec. VRDM has 16 intent contracts in place, and 3 moving straight to action. That makes 19 total. This company will be huge. They did a secondary, but there O/S is so small that it truly doesn't matter. I think VRDM/XSNX/EFTI are big money plays. EFTI is already making 50 million a year. Revs. up 300% y over y. Just my opinion. Do your own research. Good luck, and fortune. And how about that job with Al-Zarqawi. Posts: 4381 | From: houston | Registered: Mar 2006
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