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Let's hope so :)
Is it possible that there have been improvements since 2009 (that was 5 years ago) ? :)
For those interested in SSTP results from Texas A&M university report October 7th 2009
total oil from using soy bean feedstock is 54.4% by weight.
do your maths a bushel (60lbs) and you get 4.44gls of oil per bushel.
Not quite 5gls got pretty close though and the figures above came from the TAMU report and they ran the tests with SSTP.
OK KO,
After reading all your posts, it looks like the same broken record is still playing - everything you posted refers to claims against JR and/or his embellishments, NOT the actual process!
Allow me to remind everyone of this VERY IMPORTANT piece of info from a few years ago:
"With the involvement of the independent third party Texas A&M, additional corporate leadership, and a review of the facts, both parties sought to re-evaluate the past, extricate themselves from a time consuming and wasteful litigious situation, and look to the future. As a result, both SSTP and Borneo have agreed to drop their lawsuits, SSTP agreed to issue Borneo an agreed upon amount of stock in consideration for all proceeds previously remitted, and both parties agreed to mutual releases from past events while leaving the door open for future interactions with the possibility of extending the SSTP process at some point into Malaysia.
Is the future (or near future according to the Borneo 2014 Financials) about to become the present for SSTP in Malaysia!? ...
Is now the time for "the sweet" to emerge from "the bitter", according to the prophetic word spoken by KC!?
Has seed time passed, and soon its about to be harvest!? :)
Case 5:08-cv-00245-DCB-JMR Document 88
"Experts agree that experiments with pyrolysis hold promise of developing useful and cost effective technologies to extract energy from abundant forms of organic waste like woodchips, palm oil waste or other organic waste, regardless ofwhether accomplished by the “Rivera Process” or otherwise.
1
The Commission asserts that its case is not about whether a pyrolytic process like Rivera’s might someday be successful, but about whether Rivera’s claims that USSE had perfected the “RiveraProcess” in any commercially meaningful way were false. The Commission contends that there is no genuine issue of material fact disputing the falsity of Rivera’s alleged misrepresentations."
This post was actually really funny :)
I just got home - give me a moment to reply to your parade of posts...
It was definitely too easy.
Unfortunately he has changed his offer and wants to pay me in SSTP shares, which we know are worthless. oh well.
Rivera made false claims about various aspects of the Rivera Process: (a) that USSE had a fully operational plant; [¶¶ 44-46, 52-63] (b) that the process could produce 5 gallons of biofuel from one bushel of soybeans; [¶¶ 47-51 ] (c) that USSE could produce 6,000 gallons of fuel per day; [¶¶ 52-63, 103, 107] and (d)that USSE could produce quality fuel for 50 cents per gallon. [Facts, ¶¶’s 99-104]
http://www.scribd.com/doc/60631374/Rivera-Summary-Judgment
“The central fraud alleged involves claims by Rivera that USSE could produce viable commercial biofuel and fertilizer products,” states the judgment filed by the Mississippi court.
http://www.biodieselmagazine.com/articles/7940/court-files-summary-judgment-against-rivera
In 2008, for example, the SEC filed charges against Mississippi-based Sustainable Energy, alleging that the company made false claims to boost share prices from 25 to 45 cents a share, even above 70 cents after some wildly exaggerated press releases. In one release, Sustainable Energy said it could produce 5 gallons of biofuel from one bushel of soybeans, at a price of 50 cents per gallon. As a result of the alleged embellished claims, stock prices soared quickly-and artificially-prompting Sustainable Energy CEO John H. Rivera's girlfriend to sell more than 2.6 million shares and then transfer a substantial portion of the proceeds into a bank account held jointly with Rivera.
http://biomassmagazine.com/articles/3851/unearthing-green-scams
A federal judge agrees with regulators’ charges against a man who claimed he had developed a revolutionary process to more than double fuel production from soybeans — and to do so without waste or the tiniest bit of pollution.
http://fuelfix.com/blog/2011/07/25/federal-judge-biofuels-deal-was-a-scam/
In an interview Rivera would have been smarter to have skipped, he tried to convince me his magical process could convert soybeans into biodiesel at a rate that defied the laws of physics and chemistry. When I told him I had already consulted the leading experts in the exact process he claimed to be using, and they said his numbers were nonsensical, Rivera simply told me the experts were wrong.
http://www.forbes.com/sites/danielfisher/2011/07/22/sec-wins-summary-judgment-against-biofuel-scammer/
Hey Vonitsa - have you talked with our mutual SSTP friend lately - if not, you should give him a call! :)
I will give you $100 if you can post a link to ANY credible, authoritative ruling of the SSTP process being ruled a fraud.
Not accusations, opinions, JR's entanglements, etc ... I want to see proof.
You've been asked that before on this board and have always failed to produce anything credible. You usually sidestep the question and bring up something unrelated from many years past.
Failure to provide this evidence will determine the amount of credibility you have (IMHO).
Show me what'cha got...if there's no evidence, you best be getting off the tracks ;);)
And yes, SSTP is now listed as fka SSTP on this board, but I just checked my account and ALL my shares are STILL THERE!! LOL
Shhhhh...
nope, not what I'm saying at all.
they weren't entanglements, they were convictions, and Rivera's death doesn't change the fact that the process was ruled a fraud.
Also, in case you hadn't noticed, it's fka SSTP since the corporation was revoked.
Glad I could clear that up for you.
SSTP (CIK No. 1455674) is a revoked Nevada corporation located in Baytown, Texas, with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). SSTP is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it registered its securities on a Form 10-12G, filed on February 12, 2009, which reported a net loss of $5,565,434 for the nine months ended September 30, 2008.
So it sounds like what you're saying is, now that Rivera is no longer involved, the train is coming so people better get off the tracks unless they want to be run over, because this locomotion (SSTP) cannot be stopped!
Thanks for reminding us all that JR found himself in a few entanglements back in the day.
Does anyone else have new information?
Sure, I'm happy to help. Borneo is just one of the many victims of Rivera's fraud using USSE and SSTP as well as many other Rivera companies. Here's something to get you started.
Biofuel developer being sued again
By Adam Koob (Contact) | The Natchez Democrat
Published Thursday, March 5, 2009
NATCHEZ — Biofuel developer John Rivera is being sued for fraud — again.
The most recent suit, filed Feb. 27, alleges Rivera intentionally defrauded Borneo Energy Sendirian Berhad.
Borneo Energy, headquartered in Kuala Lumpur, Malaysia, is being represented Baker Boots, a Texas-based law firm.
The suit maintains that Rivera, now acting as Board Chair and Chief Visionary Officer, of Sustainable Power Corp., knowingly committed securities fraud, common-law fraud and breach of contract.
Borneo energy is also seeking more than $1 million damages.
In a similar case, heard in an Adams County court, Rivera was ordered to pay restitution to a Canadian investor.
The judge in that case found he defrauded the investor in a biofuel development scheme.
Greetings SSTP FAITHFUL!
I hope everyone is enjoying their summer :)
During my downtime, I've been doing some research and looking back at SSTP over the years and reading a lot of press releases...
In doing so, I've been doing a lot of cross-referencing with content and plugging it into more recent dates.
THEN, I read this in the very recent "Borneo Oil 2014 Annual Report"
the division is actively following up on an in depth
research with Frontier Bio-fractions LLC over the past few years
on its “vertrolysis process” which converts palm oil wastes and
biomass by-products to bio-fuel, bio-char and bio-gas. A pilot
plant is now in operation in Holyoke, Massachusetts, USA. The
division will make further studies and researches before deciding
in the very near future on the next course of action as to whether
it will enter into any role in this process
Anyone care to comment on this? Anyone know more about this? I'm excited, but I don't fully understand the implications of this since I wasn't here in the beginning days of SSTP's inception.
The BH thanks you in advance! :)
paper man I thought JR is dead but now you say he is living in Michigan, gosh you are well informed have you got his phone number and full address in Hell Michigan. Since you are appear to have sources of info as a paper man that I don't do you know where Elvis is as well??
Skeptics Question Report of Stock Scammer's Death
Daniel Fisher
Forbes Staff
8/19/2011
It’s an article of faith among journalists that you can’t libel a dead man. But can you libel one by accusing him of faking his own death?
That’s what went through my mind yesterday when somebody sent me this death notice. The victim looks a lot like John H. Rivera, the stock swindler (he’s dead, right?) who with the help of still-unnamed brokers peddled more than a million shares of a biofuels company that could only have made a profit in an alternative universe where the laws of physics and chemistry have been suspended. A federal judge ended that portion of his career last month when he granted a summary judgment in a Securities and Exchange Commission civil suit, barring Rivera from the penny stock biz for life.
There was muttering among Rivera’s victims that he might have faked his own death. Now Kevin Cooper at the Natchez Democrat writes that those skeptics include Alex Rue, senior trial counsel in the SEC’s Atlanta office, who ran the trial against Rivera.
““For a variety of reasons, I think the world is skeptical,” Rue said.
“I told his lawyer, ‘I don’t believe he’s dead; show me a death certificate.’”
“When I see that death certificate, whoever signed it is going to sit down with me in a deposition and explain it,” Rue said. “Color me skeptical.”
Cooper says Rivera’s attorney, Clarence McDonald Leland, filed a “suggestion of death” notice with the U.S. District Court in Natchez on Tuesday on behalf of Rivera’s wife, Alice M. Price Rivera. She’s a “relief defendant” in the case, meaning she might be considered part of the scheme, Cooper wrote.
Rivera supposedly died (he’s dead, right?) in his home in Baytown, a gritty industrial city east of Houston. Judge Larry Cryer, a justice of the peace in Chambers County, Texas, is running the inquest and told the Natchez paper he’s got a photo of Rivera who apparently died of a heart attack.
“The housekeeper came in and found him, in the bed,” Cryer told the paper.
Whatever happened, there is an SEC attorney in Atlanta who will be looking over Cryer’s shoulder. Rue said he’d request fingerprints from the body when the inquest is complete. If the reports aren’t exaggerated, he said he’ll continue collection efforts against Rivera’s estate.
“I deal with liars, big bad liars, all the time, that’s the bread and butter here, but I don’t think I’ve ever seen anybody more inclined to just lie, lie, lie, like John Rivera,” Rue told the paper. About the dead man.
Having spent a few hilarious moments on the phone with Rivera myself, I can attest to the fact he was the type of guy who’d try to sell a physicist a perpetual-motion machine. At the end of the conversation I was almost convinced he believed what he was saying, and definitely convinced he thought I believed what he was saying. The investment world mourns his passing.
HE WENT TO HELL !!!
Hey Guys
At least it is being preserved!!!!!!!!!!That is much better than some of my other stocks...They died instantly.
timc
king oil you don't believe that things are going well? Take a look at this:
http://alcor.org/
A friend of a friend's friend assured me that SSTP is being preserved in the above facilities and it WILL resurrect within the next 2,456 years.
Keep the faith...
From what I can tell, everything looks to be going really well :)
it looks the same as 1 month ago -- dead.
You'll have to private message me
BABY HIPPO
I would like to talk to you. Can you send me your contact info.
Thanks
timc
and this forest will never die!
true, because this forest was never born and doesn't exist.
nah, let's just call it a scam.
Federal judge: biofuels deal was a scam
http://fuelfix.com/blog/2011/07/25/federal-judge-biofuels-deal-was-a-scam/
According to the SEC, Rivera and Alice M. Price — whom Bramlette describes as Rivera’s caregiver and, since August 2010, his wife — and others planned to dump their own shares of the company after the market manipulation was complete, reaping huge profits in what turned out to be a virtually worthless company.
It said Price sold more than 35 million combined shares in USSEC and Sustainable Power Corporation, another company Rivera owned, “and allegedly used the more than $2 million proceeds to fund her lifestyle with Rivera and the activities of USSE.”
Is this it for pyrolysis?
Does anyone have tangible information on the strides in biochar-formation in 2014? I know some of you are involved in the energy industry, at least for company valuation, stock-sharing, and just general interest. What technology exists now in the industry for the biofuel revolution to be possible? Surely there are new technological concepts today compared to the Rivera process, which is nearly a decade old. My guess on the catalytic process is this:
(1) Potency. Natural, degadable material can be broken down into small amounts of energy, but that produced oil isn't potent enough by itself, holds an insustainable reactant:product ratio, and yields sufficient amounts to compete with petroleum.
(2) Volume. A catalyst for spurring this biochar does not produce greater output - it simply speeds up the reaction.
(3) Trademark. The pyrolysis of feedstock from a catalyst isn't patentable by a single entity in the United States. Maybe there's international potential with another government?
Read up on free-fatty acid (FFA) conversion to create biofuel using a methanol catalyst. Promising, but production of canola oil biofuel using a chemical reagent is minimal.
http://www.biochar-international.org/node/1922
Chemistry buffs here are preferred here. What is the reason that a catalyst hasn't been formed yet for effective conversion?
Excuse me sir ... there is no such thing as "the Baby Hippos of the world" ...
There is ONLY ONE BABY HIPPO and he has nothing to prove on this board. He is only here to unite with SSTP nation and prepare for the upcoming celebration with his brothers and sisters :)
If you want to compare us to blind squirrels finding a nut, lets call "this nut" what it is ... a forest of nut-producing trees that produce nuts 4-5X faster than any other nut - and this forest will never die!
C-E-L-E-B-R-A-T-E SSTP C'MON!! :)
Here's the reality.
There is no amazing process.
1. The fraudulent process outlined in the Rivera process was never patented successfully due to the SEC's lawsuit (and may have stole concepts from someone else). The new team right now basically let the old SSTP brand dissolve into revocation. Maybe a new brand will emerge.
2. The biofuel concept on the horizon takes pieces of the past Rivera process and combines some novel ideas to generate a catalyst for energy. But again, there is no patent or copyright process to be had, and it doesn't sound like an idea patentable by a single entity.
3. There are no outside ventures to fund this new project besides the limited self-funding from the team. Outside companies don't trust it.
Either way, this stock and this brand is toast until something substantial happens.
Your best bet on this message board is to stay off it, ignore hopeless unsubstantiated claims by posters who are blowing smoke (they know who they are), and personally hope that tangible improvements come by a new brand within the year.
The BabyHippos of the world are looking for that one "gotcha" moment in this stock where, by beating a dead horse for months upon months, they'll have their vindication moment to show everyone how much of a "blessing" it was to stay in it.
Even a blind squirrel finds a nut here and there.
I am asking a straight question what have you guy's done to make anything happen with "this amazing process" you are talking about? Have you built the process? Are you involved with building anything to do with the "process"? Have you invested directly into the company? if you have done any of these I say well done good on yah.
How many millions of shares do you have and did you buy them direct from SSTP because that is the only way any money spent on shares goes to a company. Money spent on shares bought on the open market does not go to the company unless they are selling them. Buying shares of any company from another person not connected with the company is taking a ride on the shirt tails of someones elses efforts, that is not supporting a company. Words are cheap, deeds are what counts.
Just a thought when I read your "2014 is our year"
As I said above "if you have done any of these I say well done good on yah."
2014 is our year!!
So true. The first half of the year has been fantastic. The stock moved to the gray sheets, followed by revocation. Will the second half of the year be just as exciting?
Soon, the world will know of this amazing process!!!
which amazing process? the process that the judge ruled to be a fraud?
"Party Ain't over, it hasn't started yet" Jim Belushi in Trading Places. I Like that movie also.
I am asking a straight question what have you guy's done to make anything happen with "this amazing process" you are talking about? Have you built the process? Are you involved with building anything to do with the "process"? Have you invested directly into the company? if you have done any of these I say well done good on yah.
How many millions of shares do you have and did you buy them direct from SSTP because that is the only way any money spent on shares goes to a company. Money spent on shares bought on the open market does not go to the company unless they are selling them. Buying shares of any company from another person not connected with the company is taking a ride on the shirt tails of someones elses efforts, that is not supporting a company. Words are cheap, deeds are what counts.
Just a thought when I read your "2014 is our year"
As I said above "if you have done any of these I say well done good on yah."
"Party ain't over" ?
The party hasn't even started!
2014 is our year!!
Soon, the world will know of this amazing process!!!
Stay tuned chaps and chappettes. It'll be alright. The party ain't over yet. And that's all I got to say about that.
This is the best yet!
It looks like this may now be the easiest investment decision I have ever made. There is absolutely nothing I can do..............
Baby, I really hope you are right. I knew John and he always made me smile with his eternal optimism. If you can do the same, I will be as thankful to you.
timc
This is exciting
Revocation of the registrations of the registered securities of Respondents will serve the public interest and the protection of investors, pursuant to Section 12(j) of the Exchange Act.
Revocation will help ensure that the corporate shell is not later put to an illicit use involving publicly traded securities manipulated to the detriment of market participants.
I'm not concerned at all.
I believe everything is right on track :)
If you dig a little deeper you'll find some very exciting things happening ...
I'm plugging along and loving life and waiting for that suddenly moment when everything changes!
Enjoy your MD weekend everyone :)
I guess Baby Hippo will need a big hole to hide himself...
Or is the caterpillar still getting transformed to an elephant?
Von and Tim Don't burn your share certs.
good night mrs. calabash where ever you are
Come on Vonitsa, it did bring back both good and bad memories.
timc
And now THE BIG NEWS:
News is that all the pumpers will run away. Let's enjoy the gravely silence of this board for a few more years!
"The government shall release it - release it they shall!"
yep.......
Tim we new this was happening and there was no one that could even if they wanted to, file any reports for the missing years as they would have no records available to file anything mission impossible, some one would have to have been elected as an officer to file who would have been prepared to organise it. The cry "why don't they do something" begs the question:- Who would "they" be? Who would organise it? Who would finance it? Whilst others sit on the side lines wishing for some one else to do it. Up till now no one so here we are game over for the present. Remember this has been swinging on it's own since JR left for a different realm when was that August 2011.
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SSTP (OTC)
http://www.bloomberg.com/quote/SSTP:US
Latest Filings
http://www.nasdaq.com/symbol/sstp/sec-filings
Vertroleum® is one of the products produced by the Rivera Process.
Sustainable Power Corp. (SSTP) has an exclusive license for the use of the Rivera Process in the United States of America.
This magazine article in August 2008 issue of BioMass
is a glowing projection for SSTP
==================================================================
The new SCOOP?
http://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=SSTP:PKN
http://finance.yahoo.com/mb/SSTP/
http://markets.ft.com/research/Markets/Tearsheets/Summary?s=SSTP:PKN
MUST READ!!!
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