Greenshift Corp. (GERS) shoots higher on new patent news

Posted on: Monday, July 25th, 2011
Written by:
Glenn

Greenshift Corp. (OTCBB: GERS) doubled in price to two-100ths of a cent late Monday, on word the company had been awarded a new corn oil extraction patent. Volume for the stock topped 170 million shares.

The waste management company announced through a release dated July 25 that the U.S. Patent and Trademark Office (“USPTO”) has issued a notice of allowance for patent application number 11/241,231, titled “Method of Processing Ethanol Byproducts and Related Subsystems” (the “’231 Patent Application”).

To further strengthen its legal position, GreenShift requested that the USPTO withdraw an earlier notice of allowance for the ‘231 Patent Application in order to allow the USPTO to further examine the ‘231 Patent Application in light of all of the alleged prior art materials and invalidity arguments submitted by all of the defendants in GreenShift’s current patent infringement litigation, including those materials and arguments submitted in the litigation by ICM, Flottwegg, Westfalia, Cardinal Ethanol and Big River Resources.
Greenshift management was not available for comment.

GreenShift Corporation, based in Alpharetta, Georgia, develops and commercializes clean technologies that facilitate the more efficient use of natural resources.

Tags: , , , , , ,
Category: OTCBB
no comments
You can leave a response, or trackback from your own site.

Leave a Reply

Your email address will not be published. Required fields are marked *


About Penny Stocks

The term "penny stocks," also known as micro-cap equities, micro caps, small caps, pink sheets, refers to shares in a company that trades for less than $5.00. Most penny stocks trade on the OTCBB market and the pink sheet electronic quotation service. Penny Stocks can be very volatile and can see gains as much as 500% in a day. Volatility in penny stocks is also dangerous because penny stocks can come down as quickly as they go up. If you trade penny stocks based on stock picks, make sure to always do your due diligence on the companies you're considering, use stop loss orders, and book your profits when you are in a position to do so.