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actually what is happening here is good. We are building a base around 45 to 50 range. Most stocks that have run like this never, ever do that. I think we will be up a little tomorrow and next week we may see a dollar. Market makers are through with thier tricks so simple supply and demand from here on.
no i do not know anything about baat.....sorry
JNelson
thanks j, do you know if sspc is involved with baat in any way
JMO but all I think you are seeing now is MM'ers covering their books for the end of month...There are only 6 more trading days till company opens the new plant,,,JMO but I think price will say here today and start moving up over next 6 trading days,,could see 1.50 to 2.00 by 11 june...again JMO
good afternoon i watched this thing from around 4 cents to thr moon and did not get in. now watching the typical pullback. any ideas on whats going on now?
OT: JNEL, it was me. To register you can't have an aposthophe in you name. Duh.
See you later gotta do my workout.
NEWS FROM LA TIMES
toms_to_bits LA Times News SSPC 5/30/01
Wednesday, May 30, 2001 / Print this story
News from Ontario in the Times Community Newspapers
Company feeds on interest in alternative fuels
Ontario-based Southern States Power Co. processes food-frying oils for lower-emission biodiesel, which is
gaining interest during energy crisis.
By MATTHEW CHIN, MATTHEW.CHIN@LATIMES.COM,
ONTARIO -- The oil used to cook your French fries and potato chips could one day be the same fuel that
keeps your lights on.
Against the backdrop of California's energy crisis, Southern States Power Co. of Ontario aims to provide
cities with spare power by burning fuel processed from food frying oils, making one of several types of
vegetable and animal oil-based fuels known as biodiesel.
"We're getting calls as we speak from all over the state to sell them backup power," said Harrison A.
McCoy III, Southern States Power executive vice president.
The company, in conjunction with Native American-owned Green Aero Energy Ltd., is poised to provide the
city of Loma Linda with 50 megawatts of power through generators mounted on trailers.
The Ontario company next month will complete a biodiesel production plant in the Coachella Valley that
will make 10 million gallons of the alternative fuel each year.
Southern States Power signed a contract last month to provide six megawatts of standby power a day for
UC Riverside , using the cleaner - burning fuel.
UC Riverside then gives that power to the city of Riverside, and in exchange the university and its precious
research projects will be spared from rolling blackouts, university spokeswoman Kris Lovekin said.
With President Bush announcing that his new national energy policy includes more use of alternative fuels,
company officials say their firm has a bright future and is looking to expand in the Midwest and East
Coast, McCoy said.
McCoy said the company is in talks with a Riverside developer, Yeager Brothers, about supplying 40
megawatts of power to a Rialto recycling center development.
The publicly traded company's stock (OTC BB: SSPC) was selling at 49 cents per share at the close of
markets on Tuesday on a volume of nearly 9 million shares.
Its 52-week high was $2.75 in March last year and its low was 2 cents earlier this month. The share price
rose to 20 cents on May 23 and has more than doubled since then.
The company has $5 million in assets, McCoy said.
Southern States Power pays 8 cents to 10 cents per pound for the unprocessed oils from suppliers,
including McDonald's Restaurants, potato chip maker Frito Lay and Mission Tortillas, McCoy said.
The used oil is poured into a reactor tank along with methanol and sodium hydroxide and kept at 140
degrees Fahrenheit.
After several hours of mixing, a separation occurs in which the glycerin byproduct sinks to the bottom and
the biodiesel fuel floats to the top.
Southern States sells the glycerin to Proctor & Gamble and other companies that use it in cleaning
agents, McCoy said.
It uses the biodiesel in its own power plants and also sells the fuel to companies that use alternative fuel
vehicles.
The company sells part of the biodiesel to petroleum distributors such as Arco, Texaco and Shell, McCoy
said.
"It's a cleaner burning fuel," said Joseph Norbeck, director of UC Riverside's College of Engineering Center
for Environmental Research and Technology.
Unlike diesel, biodiesel fuels don't contain sulfur. Sulfur is a particulate pollutant.
The zero-level of sulfur allows biodiesel producers to add exhaust treatments to reduce pollution level even
more. Biodiesels also have a lower emission rate of nitrogen oxides.
"There's got to be some more testing done, but it looks pretty promising," Norbeck said.
The big oil companies make a mixture of 20% biodiesel with 80% diesel, which they sell to alternative fuel
users.
The company makes impressive claims about the use of biodiesel, contending it could result in a 100%
reduction in carcinogens, a 95% reduction in ozone harmful hydrocarbons and up to a 94% reduction in
particulate matter.
Two Arizona groups, the Deer Valley Unified School District and Rockland Materials cement hauling
company, use Southern States Power's cleaner burning fuels.
The federal Department of Energy is pushing to see that 30% of petroleum-based motor fuel be replaced by
alternative fuels by the year 2010.
The company has seven employees in Ontario and seven at its Coachella Valley plant. McCoy said the
company will increase by another 25 to 35 employees if a Rialto plant opens.
Southern States formed in 1998 in Shreveport, La., and moved to Ontario in October.
JNelson
Thanks arch,,,,
JNelson
Good morning JNelson (and to the Board). We cover alot of stocks at Archie's Corner, and currently have SSPC as one of our hot picks. We'll also carry it as a POW pick next week. Feel free to stop by with any SSPC dd or tell us about any of your other picks. Congrats on a great stock/board!
http://www.investorshub.com/boards/board.asp?board_id=307
Arch
Thanks Landpimp,,,,
thanks rose,,,don't mind doing it at all....
Question...
Just wondering if anyone knows how many gallons of bio-diesel does it take to make one mega-watt of power? I've been searching some official bio-diesel sites but most only compare it to gasoline. It seems that it is one par with gasoline, however, if we are banking on this company helping alleviate some of CA energy woes, I wonder if the amount of gallons they can produce would be enough to make a dent? I know production is in the millions of gallons, but again, how much does it take for 1 megawatt? Anyone know please respond.
GO SSPC!
How kind of you to have set up this board for we "investors" in SSPC. Ragin Bull gets to be a bit much at times. So much nonsense going on over there. Thank you. I am in for the long haul and do believe in this company.
I do have a password for the live SSPC chat room if anyone wants it,,,just send private message to me....
drooy can come if he wants and if he could give me the link to his charts I can add it to box so everyone can get to it with out him reposting it all the time....
Hi JNelson it might be a good idea to invite drooy over here.He seam to be a very helpful and wise investor. At least over here all investor can work together.
CAVA
Hi All,
Have been following the BB's on RB for sometime, but it is so full of crap now that it is hard to get any good info. I am glag JNelson opened up a BB for Longs. I also live in CA and experience the threat of blackouts almost every week. Once the plant opens up, I believe new contracts will be coming in and new revenue generated hand over fist! I don't know how long this energy crisis will last, but SSPC should reep the profits at least through the Summer.
LOL to everyone!
Howdy! My RB name is Charlie B52, I've posted a bit on the RB board, but IMHO it is senseless at this point due to the massive influx. So, here are some good links for all longs to check out regarding SSPC and bio diesel. I live in California, so I know first hand that there is a desparate scramble currently going on, searching for energy alternatives. Biodiesel is already in use, and the only problem is supply. SSPC certainly seems to have timed this well.
Here is an audio report from NPR (national public radio) on biodiesel- it is very much in the news out here.
http://search1.npr.org/search97cgi/s97_cgi?action=View&VdkVgwKey=%2Fopt%2Fcollections%2Ftorched%...
Interview with CEO (very cool)-
http://www.uptic.com/profiles/sspc_/sspc_profile.cfm
Stay LONG, and accumulate this stock on dips, we will all be laughing about this cheap price very soon!
would be nice info to have,,,I have no idea...
Wonder how many gallons of refined soy oil from the Iowa farmers it takes to yield one (1)gallon of 100% pue BIODIESEL from SSPC's new plant ? Is it a refractory or distillation type of process ??
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