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no they haven't. lawsuit still pending.
Thanks for clearing things up for everyone. You must have missed the part in the annual report where it says they put up a pilot plant. I guess they must have changed there mind about it not working.
no explanation necessary because it's not happening.
glad I could clear that up for you.
Then explain why a multi-million dollar company is proceeding with this, by spending years of R&D and millions of $ ?
C'mon now ;)
Borneo already knows its a scam.
The plaintiff, Borneo Energy Sendirian Berhad, a Malaysian corporation, sued Sustainable Power Corp. ("SSTP"), a Nevada corporation with its principal place of business in Baytown, Texas, and its chairman and "Chief Visionary Officer," John H. Rivera, a Texas citizen. Borneo Energy alleged a scheme to defraud based on SSTP's and Rivera's representations that SSTP could produce a biofuel product from palm waste, a byproduct of Malaysia's palm-oil industry. Based on these representations, Borneo Energy agreed to invest $2 million for 50 million shares of SSTP stock. The parties signed a Term Sheet and a Stock Subscription Agreement. Borneo Energy paid a $100,000 initial installment and a $900,000 second installment on the Stock Subscription Agreement and the $100,000 fee under the Term Sheet. Borneo Energy alleges that it did not pay the remaining amount because SSTP failed to deliver any stock, failed to provide audited financials as required under the Stock Subscription Agreement, and failed to provide technical assistance as required under the Term Sheet. Borneo Energy also learned that the SEC had sued Rivera on July 18, 2008, for securities fraud arising from misrepresentations about the same biofuel product and from a "pump and dump scheme."
I'm sure they're aware. They filed a lawsuit alleging the process is a fraud.
Maybe you should warn Borneo Oil before its too late ;)
Sounds like the same old scam recycled for the 5th or 6th time. Will end up nowhere just like the last 5 times.
How do you like these apples!?
Taken from: http://klse.i3investor.com/servlets/staticfile/265078.jsp
...With regards to the Vertrolysis
process which converts palm oil wastes
and biomass by-products to biofuel,
bio-char and bio-gas, the same
is now in its final stage of evaluation
which included the setting up of a
pilot plant in Sabah by adapting the
said American technology process to
local manufacturing, environmental
and regulatory requirements. These
will eventually determine the feasibility
of the venture and its inclusion to the
division’s future business plans.
#FinalStage
A little bird told me that Waste Management appears to be involved here! :)
$ ;)
still can't trade it.
I take it you're unfamiliar with restricted stock.
Dino
LOL. How can it be an investment when its shares aren't allowed to trade?
I can only hope that what you say is true. I have been holding certs from John for years. When I was in bay town John and I had plenty of time to talk and look over his reactor. As a person with some good skill in mechanics I checked out his equipment very, very close. I still have many of the books and even some of his oil and the material he used to make it. Still got some of my old videos to.
I agree with you vonitsa . Have you or any one heard any thing about a commercial that talks about grinding up food waste for power generation? I think it was Emerson and they say consider it done.
Triple it
True, and the SEC did win it's case against Rivera. The facts of the case are documented and can serve as a warning to any prospective investors.
Licensing is a beautiful thing!!
Weeeeeeee!!!!!!
At least John Stanton is in jail.
Hippo, I'm kickin' myself for getting involved 15 years ago...I'd rather be kickin' JR's ass and the asses of the rest of his asses...
Not sure what you mean? ...
But according to Borneo's financials from last year, they anticipate things to be fully operational by e/o 2015 :)
In case you forgot, this cannot be stopped!
SSTP will be remembered as the energy game changer to future generations. The critics will be forgotten.
#MakeSureYoureOnTheRightSideOfHistory
Wasn't it supposed to 'emerge' early last year?
or mid last year?
or late last year?
or?
Let's hope you're not kicking yourself in the future by not taking advantage of such cheap prices of SSTP and ZEON these last few years ;)
Wow! I just made $2.99!
Zeon closes at 3.00 ...
Vertrolysis.com is down or under maintenance ...
Is the butterfly about to emerge and dazzle us with its beauty!?
Sounds like a scam
Sound familiar......
Biochar....gasifier.....wood chips....tires
https://gigaom.com/2015/02/04/this-berkeley-startup-its-energy-machines-are-about-to-take-off/
I GOT THE KEYS TO SEE INTO THE FUTURE. I PROPHESY TO DEAD BONES. YOU WILL LIVE!! LIVE!!! LIVE!!!! RISE UP!!! I PROPHESY TO THE BIG-E!! YOU WILL LIVE!!! THE WHISTLEBLOWER HAS SPOKEN
Did anyone notice if that "ghost stock" ZEON traded at all today!?
LOL!!!! "Ghost stock" ... just when you think you've heard it all!
according to the court, it was a stock scam.
glad I could clear that up for you.
One man's trash is another man's treasure :)
"Forgive Vonitsa for his cow manure comment ... he knows not what he says"
I'm satisfied with my position in ZEON - I have no desire to buy or sell.
That's really unfortunate for people who "planned" on buying if ZEON now is a ghost stock - perhaps the window is now closed on this opportunity as well!
BH your Highness...
I am really sorry that we tried to express our opinion and state the facts here. Did we disturb your peace and quite?
If you think that anyone is whining when posting facts or how he feels, you are way off limits.
As for me, I can wait for success! I still have another 40 years ahead of me (or at least, I am working on it).
Am I whining? Is it a lie that USSE became ZEON and smells like cow manure since then?
Nobody can buy or sell any ZEON.
This is ghost stock.
Why don't you try to put a buy (or sell) order and see what happens?
Also, all those who are whining about the number of shares of ZEON they have, you still have an opportunity to purchase more (the window hasn't closed yet like it has with SSTP) ...
Will history repeat itself!?
I'm sorry ... did I miss something here ... was anyone forced to buy this stock?
Oh yea, that's right we are supposed to be grown men (and women), and take FULL responsibility for where we invest our money :)
To the SSTP powers at be ... forget not Baby Hippo - I've been faithful, and I'm looking forward to that day with gladness!!
Have mercy on those who whine and complain - at least give them a few crumbs from the table :)
"Let the critics criticize and let the SSTP faithful rest"
Yep!
Rivera gave us the deal of the millennium!
Wow! What a miraculous return on investment! I made a total of Three dollars and 87 cents off of my one share (which used to be 5000 shares) in my investment in USSE...Rivera, that bastard....
What the heck is going on here?
ZEON Formerly=US Sustainable Energy Corp. until 2-2010
ZEON 03:50pm EST 3.87 +1.88 157 3.87 3.87
See it on Yahhoo Financial.
Is this right? Must be a mistake.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110287933
If Ezekiel was here.what would he say about tomorrow?My guess is he would say.I SEE A MIGHTY COMPANY ABOUT TO ARISE.
Just poppin in to say
Good day to all of you.
I would call Schwab and ask them what that means.
Welcome to the board!
I fully believe you'll be forever thankful for your friend's tip! :)
Hi Jadrat1. Are you sure that's not SSPC?
Question, new to this board but been following for a while. I have a fair amount of shares from a long while back, tip from a friend of a friend. I as I'm sure many, had given up hope, however still migrating back from time to time hoping for some sort of miracle. While pulling up the SSTP symbol on my Schwab account I was redirected to ""The symbol you entered, SSTP, changed to ITFY"". Can any one offer any insight into this? Thanks, I have seen no change in my Scottrade account,(where the shares are held).
Rub it in - rub it in! :(
I hope its not another year! It feels like things are getting very close ... you've been talking with our mutual friend, haven't you!?
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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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