posted
got out of GSCT today at .019 .. trying to play safe, hopefully i can buy in on dips.. and GSHF doesn't seem like it's gonna drop tho, so GSCT may stabilize too.. we'll see.. glta..
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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(GSCT will be converted to GSHF on 3 for 1 basis. You will not have access to your shares for 3 days when the conversion takes place.)
-- Looks like this is the End-of-dilution run. There is good chance that the big jump may come soon. It's a gamble.
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Tuesday, June 26 2007 12:28 PM, EST Business Wire "US Press Releases " NEW YORK --(BUSINESS WIRE)-- GS CleanTech Corporation (OTC Bulletin Board: GSCT) today announced that it has begun to extract, buy and sell crude corn oil that it has extracted from Utica Energy, LLC's Oshkosh, Wisconsin 52 million gallon per year ethanol production facility. GS CleanTech's patent-pending Corn Oil Extraction Systems(TM) have been engineered to help ethanol producers increase cash flows through the introduction of a third and novel revenue stream - corn oil. GS CleanTech provides turn-key extraction systems to participating ethanol producers at no cost to the ethanol producers in return for the long-term right to purchase the extracted corn oil at a per pound premium to its value when trapped in the distiller's grains. GS CleanTech's extraction technology also reduces overall plant emissions and utility costs by upwards of $1 million per year for a 100 million gallon per year ethanol plant that dries 100% of its distiller's grains. GS CleanTech's current extraction system at Utica has been designed to extract oil from the distiller's grains at rate equal to more than 1.2 million gallons per year. This oil is currently worth upwards of $1.50 per gallon. GS CleanTech's process engineers will present "Corn Oil to Biodiesel" at the Fuel Ethanol Workshop at 2:00 p.m. on Wednesday, June 27, 2007 in Room A. GS CleanTech's engineering staff will also be available at Booth 737 to provide ethanol producers with additional information about GS CleanTech's corn oil extraction program. In all, GS CleanTech's publicly announced corn oil contracts will produce about 31.5 million gallons per year of crude corn oil for conversion into biodiesel fuel as GS CleanTech successfully deploys the relevant corn oil extraction systems during 2007 and 2008. GS CleanTech and its affiliated fuel production company, GS AgriFuels Corporation (OTC Bulletin Board: GSGF), have partnered in the full scale commercialization of their technologies. GS CleanTech provides technology-centric services in return for process engineering and plant construction sales, ongoing technology royalties and selected feedstock sales. GS AgriFuels provides all of the capital for the construction of the extraction and biodiesel production facilities and generates revenues through its ownership of the biodiesel production assets. The Annual International Fuel Ethanol Workshop & Expo The Annual International Fuel Ethanol Workshop & Expo ("FEW") has a long history of creating a forum for industry to exchange valuable information and ideas to help improve ethanol production and operations. This exchange enables the ethanol industry to play a more vital role in supplying sustainable renewable fuels to markets worldwide. The FEW Program presentations will have a strong focus on commercial-scale ethanol production, new technology, and near-term research and development. More information regarding the conference and registration details can be found at www.fuelethanolworkshop.com. Focus on Ethanol Production GS CleanTech is focused on delivering technologies and process innovations to the ethanol production industry with a view towards maximizing the yield of corn-based ethanol production. GS CleanTech's currently available offerings in its ethanol program include its: -- Corn oil extraction systems;
-- Small-scale modular biodiesel production systems; and,
-- Biomass gasification for combined heat and power solutions. GS CleanTech is also developing new technologies, such as its carbon dioxide algal bioreactor technology, for application at ethanol facilities. Traditional ethanol processing converts each bushel of corn, which weighs about 54 pounds, into about 18 pounds of ethanol, 18 pounds of carbon dioxide, and 18 pounds of distillers dried grains, which contain about 2 pounds of fat. This corresponds to about 2.8 gallons of fuel production per bushel of corn. GS CleanTech's ambition is to increase this efficiency as much as possible by converting as co-products such as DDG and carbon dioxide into additional renewable fuels. Pictures of a recent GS CleanTech corn oil extraction system installation can be found at http://www.gs-cleantech.com in the Multimedia & Downloads section of the Products & Services section for GS CleanTech's Corn Oil Extraction Systems (http://www.gs-cleantech.com/product_desc.php?mode=1&media=true). About GS CleanTech Corporation GS CleanTech Corporation (OTC Bulletin Board: GSCT) provides applied engineering and technology transfer services based on clean technologies and process innovations that make it cost-effective and easy to recycle and reuse resources. Additional information on GS CleanTech's Corn Oil Extraction System and GS CleanTech's ethanol efficiency program is available online at www.gs-cleantech.com. About GS AgriFuels Corporation GS AgriFuels (www.gs-agrifuels.com) was founded to produce and sell clean fuels from agriproducts in innovative ways. GS AgriFuels' business model is based on the manufacturing and sales of proprietary biodiesel equipment and the use of new technologies to produce biodiesel and ethanol from non-traditional feedstocks such as corn oil and cellulosic biomass through the utilization of several new proprietary technologies, including innovative desiccation, process intensification, gasification, and catalytic technologies, synergistically at small-scales to enable the refining of many forms of biomass into clean fuels at Integrated Multi-Fuel ("IMF") production facilities. GS CleanTech and GS AgriFuels are both majority owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a company devoted to facilitating the efficient use of natural resources. GreenShift and GS CleanTech are party to a merger agreement pursuant to which holders of GS CleanTech common stock will receive 1 share of GreenShift common stock for each 3 shares owned in GS CleanTech. GS AgriFuels is also party to a merger agreement with GS Energy Corporation (OTC Bulletin Board: GSEG) pursuant to which holders of GS Energy common stock will receive 1 share of GS AgriFuels common stock for each 1,000 shares owned in GS Energy. Safe Harbor Statement This press release contains statements that 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 GS CleanTech Corporation , 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. Source: GS CleanTech Corporation
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
im in at .0145 today. feel confident about this by end of week and into next. big changes in store. goodluck
Posts: 2794 | From: nyc | Registered: Aug 2005
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Interested in this one, 85% down from weekly high, but also still up like 1000% for the week, trying to figure out whether it's a good buy is the tough part. That 20M sell at .01 when it was .012 is a concern.
Posts: 837 | From: Madison, WI | Registered: Sep 2005
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Cornell Capital Agrees to Support GreenShift's Restructuring 10:48a ET June 29, 2007 (Business Wire) GreenShift Corporation (OTC Bulletin Board: GSHF) today announced its execution of an agreement with Cornell Capital Partners, L.P., pursuant to which Cornell and GreenShift agreed to use their best efforts to restructure the terms and conditions of GreenShift's various debts due to Cornell in a way that facilitates the completion of the GreenShift's pending merger with GS CleanTech Corporation (OTC Bulletin Board: GSCT) while attempting to safeguard and maximize the share value of the merged company and supporting the newly merged company's growth. Any agreement to restructure the terms of such debt obligations is subject to GreenShift and Cornell negotiating definite terms and entering into final written agreements, and no assurance can be given that the parties will be able to reach such agreement.
GreenShift and Cornell also agreed to waive on a one-time basis the past defaults under GreenShift's agreements with Cornell effective immediately provided (a) that GreenShift file and make effective a registration statement on Form S-4 to complete the GreenShift - GS CleanTech merger as soon as possible and (b) that GreenShift's chairman and chief executive officer, Kevin Kreisler, consent to the repayment of about $340,000 in Cornell debt in the form GreenShift stock to be paid out of Kreisler's stake in GreenShift at current market prices.
Troy Rillo, the Senior Managing Director of Cornell's investment manager, said that "We have supported GreenShift's growth for better than two years and we desire to continue to do so. We are pleased with GreenShift's progress - in particular its business model of using technology to attempt to defray risk for first generation ethanol producers. We haven't seen anyone attempting to do this to the extent of GreenShift."
Kreisler added that: "We are very grateful for the support that Cornell has given us in the past. They believed in and funded our business model when it was little more than an idea and we are thankful for their continued support as we execute on our restructuring plan and the sales and earnings growth of our core businesses."
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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posted
disagree...think is about as good as it gets with Cornell...for one thing, they're agreeeing to stock from the CEO's personal stash, rather than convertibles, which would be highly discounted...
posted
cornell has nothing to do with GSCR, GSCR will be a clean shell new ticker and have nothing to do with the other entities.. r/m news supposed to hit monday, so im in as of yesterday, just w/100k. think this will surprise us again.... but i do agree that cornell may destroy the other stocks so stay away imo GL
Posts: 2794 | From: nyc | Registered: Aug 2005
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posted
Cornell is like Galactus to me.. heh.. jmo but then again, they usually help increase the pps for a moment in the beginning.. so good flip opp..
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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posted
Posted by: kingmack In reply to: None Date:6/30/2007 7:37:05 PM Post #of 3080
Big News Coming Soon! The Next two weeks are going to be huge for GSCR IMO! We are in on a stock that will change our lives possibly in the near future if all the chips fall into place. Check out this PR off of Wisebuys Website dated 6/22/07 the same date that Greenshift announced Seaway's Acquisition of GSCR. There is something huge about to happen here when you look at the recent events. I will buy more Monday that's for sure. This has all been planned out to a Tee.
GS Carbon Releases Shareholder Letter Monday July 2, 8:00 am ET
NEW YORK--(BUSINESS WIRE)--GS Carbon Corporation (OTC Bulletin Board: GSCR - News) chairman and chief executive officer, Tom Scozzafava, issued the following letter to its shareholders today: ADVERTISEMENT
Dear Shareholders:
I am pleased to report today that the previously-announced transaction between Seaway Capital and GreenShift Corporation became effective June 30, 2007. As reported, the terms of the agreement called for Seaway Capital's acquisition of GreenShift's controlling stake in the form of common and preferred stock in return for the assumption certain legacy liabilities of GS Carbon.
The first order of business shall be the official name change of GS Carbon Corporation to Seaway Capital Corporation and the eventual ticker symbol change to reflect this name change. Neither of these events will impact the company's shareholders' number of shares held or the overall capital structure of the company.
Seaway Capital Partners, LLC (the predecessor to Seaway Capital Corporation and collectively, "Seaway Capital") was formed in 2002 as a money management and private equity and leveraged buyout company. Seaway Capital's (www.seawaycapital.com) business plan is to invest in majority and minority equity stakes and to enter into mezzanine-type debt agreements with various operating companies. Returns to Seaway Capital are intended to be in the form of the eventual share appreciation and dispossession of those equity stakes and income from loans made to businesses.
To this end, I anticipate Seaway Capital will shortly obtain a controlling equity interest in WiseBuys Stores, Inc., ("WiseBuys") a big box retail chain it founded in 2003 with former Ames Chairman and CEO, Joe Ettore, and former BJ Wholesale executive, Joe LaChausse.
WiseBuys (www.wisebuysstores.com) currently has five (5) locations representing approximately 230,000 square feet, and it has partnered with other retailers such as Payless ShoeSource, Inc. and KB Toys to expand rapidly in rural markets in primarily former Ames locations. WiseBuys and its in-store partners have generated store revenues of over $35 million since November 2003, and, after a brief pause, WiseBuys is now aggressively seeking growth through acquisitions and new store development. I am currently the Treasurer and CFO of WiseBuys Stores, Inc. The Seaway acquisition of WiseBuys will be subject to completion of audits of WiseBuys and is expected to close in July or early August 2007.
In addition, as reported in the news media WiseBuys has been in lengthy discussions with Hackett's (http://www.wisebuysstores.com/news/Adirondack_Daily_06-22-07.pdf) regarding a possible merger or acquisition. If such transaction were to be finalized, the combined company would have ten (10) locations and pro forma annual revenues of over $30 million. Hackett's is one of New York and the nation's oldest retail establishments with its roots dating back to 1830. Hackett's currently has five locations in northern New York.
Additionally, Seaway Capital is seeking equity and debt investments in other retail, restaurants, media, business services, manufacturing, and select technology companies.
About Seaway Capital
Seaway Capital was formed in 2002 and makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway Capital also seeks investments in leveraged buyouts and restructurings. Seaway Capital will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing. Seaway Capital will also consider select technology investments.
Safe Harbor Statement
This press release contains statements that 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 the Company, 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.
Contact: Seaway Capital Corporation contact*seawaycapital.com www.seawaycapital.com or CEOcast, Inc. Investor Relations: Andrew Hellman, 212-732-4300
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