There are serious questions about their accounting practices. There is a discussion on IHUB about revenue generated from GPRE. Look at GPRE's revenue from corn oil last quarter and compare that with GERS revenue last quarter. It just doesn't add up. GERS is clearly incompetent with it's numbers as revealed by it's major 2011 restatement and by it's own admission, last quarters numbers. Let's not forget the SEC's chastising letter to the CFO. The problems with GERS run deeper than an abyss, thus the PPS.
do you have an understanding of what their current debt is, and how they are able to keep up with the payments? Curious why there used to be quarterly letters from Kevin K, but he has been mute for the past...approx. 2 years. Is he just going to take this private as it slips to $100,000 market cap? Perhaps he will bankrupt the co and then buy it out of bankuptcy even cheaper? From KK's perspective, I don't know the purpose of keeping this public