If you study over GELV's 3 month chart, you will see that it made 3 separate huge moves. Now GELV is basically at a yearly low and with the news of them signing the LOI to acquire that Electric company, this could turn into a big bounce play!
The drop in price the last few days on GELV was fairly fast so a "V" chart may form for a bounce!!
Aside from this pending acquisition, GELV's main line of business is engaged in developing sustainable biomass-to-energy conversion technology to meet a critical need for the nation's $154 billion livestock industry.
GELV plans to use its proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems to enable livestock farmers and ranchers to convert their animal waste into clean, renewable energy.
GELV acquired Comanche Livestock Exchange in July 2009. The wholly owned subsidiary supports Green Energy's clean energy technology development, livestock industry experience, contacts with potential customers, and an established sales channel.
We need to save our planet from rising greenhouse gas emissions and there isn't a more sensible way to do it than to switch to clean energy.
Clean energy emits little or no pollution! The technology to create clean energy is positioned to become a huge sector.
GELV could become a very big player in the future. The company plans to be a leader in the emerging waste/biomass-to-ethanol industry.
GELV's mission is to convert wastes that are currently being land filled, into ethanol and other valuable co-products using their proprietary patented gasification and conversion technology.
According to a report published by FAO (Food and Agriculture Organization), not only is the livestock sector a major contributor of greenhouse gas (GHG) emissions—18%— as measured in CO2 equivalent, but it also is a major source of land and water degradation. Most of the air and water pollution comes from manure!
GELV intends to develop solutions that will enable livestock farmers and ranchers to achieve energy independence, reduce the use of fossil fuels, cut energy costs and reduce air and water pollution by recycling the manure produced by their operations.
According to E. Kyle Datta, co-author of Winning the Oil Endgame, producing 2.4 million barrels of ethanol per day would be a $40 billion per year transfer of wealth from the Middle East to our farmers!
GELV's strategy is to acquire or deploy proprietary technologies that will extract the sugars and starch trapped in wastes with small footprint, low capital cost and low operating cost technology platforms that can rapidly and economically be deployed to the waste site rather than vice versa.
GELV's value proposition is that they can produce ethanol and valuable co-products less expensively than can large agribusinesses' corn based ethanol processors who pay dearly for their feedstock.
GELV's plants will be located closer to the waste sources that are also the ethanol consuming markets.
The clean energy market is growing substantially. It's even been said that government spending on green energy is projected to more than double from 2009 levels to approximately $60 billion this year!
GELV President/CEO Karen Clark, commented: "We are thrilled to see investment in and demand for green energy technology increase. Green Energy Live intends to become a leading provider of sustainable biowaste-to-energy conversion solutions for America's livestock farmers and ranchers."
"To that end we are currently focused on moving forward with technology development and communicating with other young clean energy companies to find our next acquisition within this vibrant market sector," Clark continued.
Over the last several years the U.S. has developed new fuel standards, recommending that up to 10% of gasoline be blended with ethanol.
Ethanol production in the United States has increased rapidly over the past several years, from less than 3 billion gallons in 2003 to over 9 billion gallons in 2008!!
GELV achieved significant milestones last year including its first acquisition of a revenue-producing company, and, using its proprietary gasification technology, anticipates developing on-site manure-to-electricity conversion systems for sale to the nation's 1.2 million ranchers and farmers!
GELV acquired Comanche, a profitable Texas-based provider of live animal auction and hauling services, in July 2009.
The wholly owned subsidiary has a 60-year track record of success serving the United States beef and dairy industries.
The acquisition enhances GELV's ability to bring its clean energy technology to market by providing ongoing revenue to support technology development, livestock industry experience, contacts with potential customers, and an established sales channel.
Comanche generated an 18% increase in revenue and a 6% increase in net income for the three months ended September 30, 2009 over the same period last year!
Always do your own research and consult with your own financial professional.
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