Do you longs realize what a gem you have now. This patent approval today marks the beginning of a process where GERS will begin collecting royalties (retroactively) based upon these two patents (others will come soon). This is on par with at least a 30% stake in every aspect of ethanol production and refining. This does not include foodstuff extraction. This is going to be real big.
Yorkville Advisors LLC is the general partner of Cornell Capital, and also was general partner of two other funds, Montgomery Equity Partners and Highgate House Funds Ltd. The latter two funds have been consolidated into Cornell.
Mark A. Angelo, the managing member of Yorkville Advisors and president of Cornell, was the co-portfolio manager of all three funds.
Cornell said it no longer has any association with Press, noting that “it didn’t work out, so we parted ways.’’ However, Press still has an active telephone extension that is reachable through the hedge fund’s main switchboard.
Sharesleuth’s investigation shows that Press and the Cornell family of funds participated in at least two financing deals alongside Robert H. Pozner, who was one of the original defendants indicted in the New Jersey fraud case in 2005.
Pozner, a former stock broker and trader, has signed a plea agreement that calls for a maximum of five years in prison. He previously pleaded guilty to securities fraud and perjury charges in another stock manipulation case and served three months in prison.
Pozner also settled civil fraud charges with the SEC in the prior manipulation case. He neither admitted nor denied the allegations but agreed to disgorge profits and accept sanctions. That case was public information at the time Pozner was included in the deals with Knightsbridge and Cornell.
lack of production, manufacturing, income and profits hold this down. Who knows what the future holds? Bring on some reasonable financing to get production going again and this has possiblities. Meanwhile patent arent producing profits or financing. Lets hope that changes soon.
what is the big news? Is Kevin selling the company? Nah not as long as he has this ATM going for him. This is so entertaining. I could save a bundle by just watching this and shutting off my cable tv.