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GreenShift Corporation Message Board

  • mao_tse_8 mao_tse_8 May 16, 2012 2:42 PM Flag

    The quarterly report looks good !!

     

    Total revenues for the three months ended March 31, 2012 were $2.9 million as compared to $2.7 million generated during the three months ended March 31, 2011, not including $5.0 million in non-cash performance bonuses earned in connection with the YA Corn Oil Transaction.

    The increase in revenue during 2012 was due to the impact of new licenses executed during 2011, increased corn oil production by our licensees. Revenue in future periods can be expected to increase as our licensees commence and achieve full production, but will remain subject to variance in connection with a number of factors, including the rate at which our existing and new licensees commence production, the amount of corn oil that our licensees produce, the market price for that corn oil, the extent to which we collect reasonable royalties, and the degree to which we provide event-driven systems integration services to our licensees involving the design, construction, integration and modification of licensed technologies.

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