Slashnuts
3年前
GERS Receives Offer To Restart Litigation Against ALTO...
CleanTech subsequently received an opinion of counsel that its remaining seven of twelve corn oil extraction patents are clearly valid and enforceable, along with a contingency-based offer to restart the infringement litigation from scratch. We are evaluating our rights and remedies in connection with all applicable matters, and we are unable to characterize or evaluate the probability of any outcome at this time
Further, in connection with ongoing patent filings, the USPTO allowed CleanTech’s new corn oil extraction patents after considering the very information that the District Court found to have been withheld, and upon which the bulk of the District Court’s rulings were based. All of the information alleged to have been “knowingly withheld” from the USPTO in connection with the patents in suit was provided to and considered by the USPTO prior to issuance of several additional patents that are not covered by the District Court’s prior rulings (the “New Patents”). The USPTO subsequently disagreed that deception of any kind occurred when, on February 21, 2020, it issued another patent to us after reviewing the very evidence that was allegedly “withheld,” along with everything the defendants ever submitted and claimed, as well as the District Court’s 2014 and 2016 rulings – all in light of the facts that were never presented to a jury. Significantly, the new patent was allowed by the same examiner that the District Court said was deceived. In other words, the same patent examiner that was allegedly deceived looked at the purported evidence and claims of deception, and disagreed that she had ever been deceived. Thus, in issuing that patent, the examiner concluded that the inventive process was not “ready for patenting” in July 2003, that an invalidating “offer for sale” did not occur in July 2003, and that the “ready for patenting” and “offer for sale” information that the District Court determined to have been “deliberately withheld” from the USPTO was immaterial to patentability.
https://cleantech-alpha.com/technologies/
Good Luck To All!$!$
Slashnuts
3年前
GERS Receives Offer To Restart Litigation Against ALTO...
CleanTech subsequently received an opinion of counsel that its remaining seven of twelve corn oil extraction patents are clearly valid and enforceable, along with a contingency-based offer to restart the infringement litigation from scratch. We are evaluating our rights and remedies in connection with all applicable matters, and we are unable to characterize or evaluate the probability of any outcome at this time
Further, in connection with ongoing patent filings, the USPTO allowed CleanTech’s new corn oil extraction patents after considering the very information that the District Court found to have been withheld, and upon which the bulk of the District Court’s rulings were based. All of the information alleged to have been “knowingly withheld” from the USPTO in connection with the patents in suit was provided to and considered by the USPTO prior to issuance of several additional patents that are not covered by the District Court’s prior rulings (the “New Patents”). The USPTO subsequently disagreed that deception of any kind occurred when, on February 21, 2020, it issued another patent to us after reviewing the very evidence that was allegedly “withheld,” along with everything the defendants ever submitted and claimed, as well as the District Court’s 2014 and 2016 rulings – all in light of the facts that were never presented to a jury. Significantly, the new patent was allowed by the same examiner that the District Court said was deceived. In other words, the same patent examiner that was allegedly deceived looked at the purported evidence and claims of deception, and disagreed that she had ever been deceived. Thus, in issuing that patent, the examiner concluded that the inventive process was not “ready for patenting” in July 2003, that an invalidating “offer for sale” did not occur in July 2003, and that the “ready for patenting” and “offer for sale” information that the District Court determined to have been “deliberately withheld” from the USPTO was immaterial to patentability.
https://cleantech-alpha.com/technologies/
Good Luck To All!$!$
stocksmanjr
4年前
ALTO Form 10-K highlights Filed 03/26/21 for the Period Ending 12/31/20:
link to 10-K
*Net sales were $168.8 million, compared to $357.6 million.
*Cost of goods sold was $155.2 million, compared to $354.4 million.
*Gross profit was $13.6 million, compared to $3.2 million.
*Selling, general and administrative expenses were $6.7 million, compared to $11.8 million.
*Operating loss was $14.2 million, compared to $37.9 million.
*Net loss available to common stockholders was $20.5 million, or $0.30 per share, and included an impairment charge of $24.4 million related to thecompany’s Western assets. This compares to a loss of *$41.4 million, or $0.85 per share, for the three months ended December 31, 2019.
*Adjusted EBITDA was $16.4 million, compared to $1.9 million.
stocksmanjr
4年前
$ALTO Financial Results for the Three Months Ended December 31, 2020 Compared to 2019
?Net sales were $168.8 million, compared to $357.6 million.
?Cost of goods sold was $155.2 million, compared to $354.4 million.
?Gross profit was $13.6 million, compared to $3.2 million.
?Selling, general and administrative expenses were $6.7 million, compared to $11.8 million.
?Operating loss was $14.2 million, compared to $37.9 million.
?Net loss available to common stockholders was $20.5 million, or $0.30 per share, and included an impairment charge of $24.4 million related to thecompany’s Western assets. This compares to a loss of $41.4 million, or $0.85 per share, for the three months ended December 31, 2019.
?Adjusted EBITDA was $16.4 million, compared to $1.9 million.
stocksmanjr
4年前
Go $ALTO - Keep selling lots of medical and food grade alcohol, wet and dry distillers grains, quality yeast, high protein feed, pet food, and renewable fuel. ALTO is not just about ethanol any more. The future is bright for ALTO as their 2021 specialty alcohol production has already been contracted at fixed prices for terms of one year or more and they expect long-term tailwinds from continued growth in demand for specialty alcohols and essential ingredients.