US BioTec Inc (USBC)

[repoman]

Getting some volume pretty much every day now

[jchords]

Grey to pink

[holdceoaccountable]

The final kiss of death

[repoman]

1:85 reverse split that's what I am reading from my TD acct.
last trade .02 or 1.70 when the split is done.

[repoman]

symbol change ? usbc.pk

[repoman]

where did you learn this ?

[race10]

That is my hope. They just purchased a 30,000 barrel per month bio-deisel plant in TN. I sold most of my holdings quite some time ago but held a few as a general rule.

[repoman]

maybe some life in this stock

[SPARK]

Good luck to you and good bye.

[veritas-twj]

I sold the last of my position - 40,000 shr - this morning at 0.055.

I started selling my 400,000 shr position several months ago at 0.13.

The management team has been a complete disaster. I thought (and still think) that management is honest, but also naive and susceptible to smooth talking scam investment bankers who convince management to undertake ill advised financial strategies for their own greedy gain and profit. No conscience or sense of wrongdoing. However, I had to recognize that management is ultimately responsible for their decisions including accepting poor financial advice. The Company appears to have diluted the stock into the early stages of oblivion. In addition, management succumbed to the temptation to run up the stock price with a rapid fire series of P&D press releases. Followed by - Nothing! A black hole of information. Complete lack of transparency and accountability to shareholders. Finally, and the last straw for me, management announced that they are going way outside their area of expertise - environmentally green fertilizers - and into the newest hot areas of alternative energy and energy commodities trading where they have absolutely no experience or expertise!

Truly a huge disappointment for me. USBO was one of my earliest PS investments, one of my largest positions, one of my greatest hopes - and now one of my greatest disappointments. Nevertheless, I have learned the hard way not to become emotionally attatched to an idea or an investment position, nor to become locked in by being unwilling to take a tax loss on the position.

Hence my profile motto: "Hope is not an investment strategy." I have lost hope and confidence in this Company. Time to exit and move on to greener pastures, and that is exactly what I have done.

Best of luck to all who remain invested. I sincerely hope management wakes up and corrects these past mistakes before the Company is beyond repair.

[repoman]

bid falling apart .04

[veritas-twj]

I am very concerned about the extent of dilution, and the lack of transparency on the part of management.

IMO, I do think management is honest and has good intentions, but I do not think they are sophisticated from a financial perspective, and I think they are given a lot of bad advice from some investment bankers who are only looking to make a quick profit without concern for the LT interests of the Company or shareholders.

I have sold most of my holdings for now and will await specific factual information on the Shares Authorized, Shares Outstanding, and Float (before deciding whether and when to reload). In addition, I need information on management's strategic plan and how they intend to actually implement the plan and bring intentions into reality. Hopes and dreams are nice, but do not serve much purpose unless and until they are executed upon.

Best of luck to all.

Tom

[holdceoaccountable]

a loud and very lengthy YAWN

[repoman]

looks like the dumping has stopped, at least at this price and for now. Haven't seen ETRD dump in awhile.

[repoman]

trying to add today, haven't gotten filled yet. maybe if ETRD comes back in and dumps some more I'll get it.

[veritas-twj]

The Pink Sheet numbers for shares outstanding and float are almost 2 years old as you indicated. I unfortunately do not have any current information but suspect the Company may have been issuing stock for acquisitions. I have sold some holdings during the last 2 months and want to see updated or confirmed share count before I consider buying back in. Caveat emptor.

[holdceoaccountable]

I think so also Repoman. There was some pretty heavy volume days for what is claimed to be the float. Course I'm kinda a suspicious cuss anyway. My friend got his numbers from Mytrade or mytradz , something like that, I don't know anything about them so don't know how accurate or inaccurate they might be.

[repoman]

I would like to know the # of shares as well.
from pink sheets ...

"A. Common Stock Issued: 35,174,249 shares as of 2005-1-04
Common Stock Authorized: 150,000,000 shares as of 2005-01-04
Float: 10,285,398 shares as of 2005-01-04 "

Float has to be way higher.

[holdceoaccountable]

Does anyone actually know for certain how many shares are floating around out there? My online broker and quote track shows 35,174,000 and that is the number I always thought was accurate. I had a friend check his on-line broker and it shows
240,500,000. That's a whopping difference. Which is correct if either ?

[acer88]

Shame, i spoke with the owners of this a while back, very nice guys.

[repoman]

Float was 10 mil approximately, volume seemed high in the past and then only increased. Anyone have an idea on the float size ?

[veritas-twj]

Any ideas on where all of the trading volume is coming from? There are not so many shares outstanding for USBO. Thanks.

[holdceoaccountable]

I was expecting something really ugly, so although not good better than I personaly expected. Am I correct in assuming that most of the income is from the trucking concern? I'm kind of neutral but not disappointed. Yes I agree with a previous poster the "leak" was probably the release of the financials. I check that web site about every other day - not that day though, my bad. Almost 3 million shares today seems to be basing.

[mket01]

OBSERVATIONS:
1. The 2.6 million shares traded on 12/11 was likely due to the release of financials on 12/8 and not due to a "leak" of the 12/12 announcement.
2. The trading patterns have drastically changed. Spread has decreased and volume increased significantly. Since the run-up to .25 last September, there has been unrelenting sales in 20k, 50k and higher shares blocks, bringing the price back down to a low of .05. In the last few days, volume increased quite a bit with what looks like mostly buys. Look at today so far: 2.4M shares traded, yet the price fluctuated between .077 and .095.
A year ago, with much less volume, the share price would have gone up several hundred percent. Interest (Demand/Supply) is definitely the price equalizer and brings back down to earth the MM fees(spread).
3. Financials:
Bad news: the figures do not include cash flow.
Good news: sales increased drastically Year over year (05-06):
(This is what I am most thrilled about):
2004: $1,277,606

2005: $1,635,387

2006: $ 314,872 Q1
$1,046,932 Q2
$1,375,207 Q3
$2,737,011 Total so far - on track to surpass $3M.

[veritas-twj]

Sales $1-2 million annually, no cash, modest losses, virtually self-funding (almost cash flow neutral).

The good news: this accurately reflects what the Company's PR agent has told me consistently during the last year.

The bad news: the Company needs financing (which we all know already).

My take on the financials is "Neutral".

[veritas-twj]

mildtrans - I did find on Google that Able Energy (formerly NASDAQ and now Pink Sheets in 2006: ABLE.PS) purchased a refinery from PHS Group in 2005.

[mket01]

FINANCIALS ARE OUT! See my previous post!

[mket01]

To expand your view point: USBO's press release states that they estimate that PHS Group's revenue can be expanded dramatically by simply increasing refinining capacity. It could be that the current PHS management is simply not interested in expanding their business?
Regardless, I will not get too excited until a definitive press release containing factual information instead of projections is released. I have seen way too many wishfull "news" releases in over two years and none came to fruition.

My opinions on USBO are as follows:
- I think this company is for real. If it was a scam, we would have seen a much higher authorized share count in the billions instead of the current 35 million or so. There would have been millions of shares traded daily and a sub-zero share price. They would have then initiated a reverse stock split, bought and/or merged with another shell company, changed their tickerand name and start all over again. This scenario is happening right now in penny-land many times over.

I was going to rave about why they did not release any financials until I checked in pinksheets.com. They released the financials on December 6th and 8th! They released the 2005 year end figures and a separate statement for Q1, Q2 and Q3 of 2006 as promised! Way to go! They are now in compliance again with the pinksheets.
To all concerned: check out the financials, let's re-group and provide any opinions!!
Thanks.

[repoman]

can anyone explain the T(F) sale T form sale. the 1st 15k sold this morning before 9:30 are noted that way in L2

[veritas-twj]

holdceoaccountable - I am a "voice of reason" ? Thanks! Now let me throw out a "conspiracy theory" curve ball just for fun. Suppose ... USBO issued a series of press releases on various projects and objectives which management is trying to pursue but the Company does not have the necessary working capital funds ... So the press releases increase the stock price during the last 3 months ... Management then offers to buy an acquisition target for USBO stock while the stock is higher ... If successful then USBO will have cash flow from the acquired company (assuming it is profitable) to pump into the environmentally safe fertilizer business ... Sounds good!

My concern, however, is the following ... If USBO management has identified ways to dramatically increase the production of the acquisition refinery, why did existing management at the acquisition company not think of those opportunities themselves given they are in the industry ... This makes me skeptical ... Maybe I am missing something obvious ...

Hope for the best in 2007!

[mildtrans]

I did mail USBO today and asked some clarification.

On 12/12/06 USBO said "to buy all PHS,Group O/S'.I personally could not find PHS as a public company.

Also how are they going to finace it.is it a reverse merger?

Hopefully they'll respond back to me.

[holdceoaccountable]

Veritas-twj as always remains the voice of reason, I probably should have said skeptical in my post instead of negative. I think the one thing we all agree on here is wishing the company success. The one thing I like about the USBO board is that so far there are no bashers (I'm probably the closest, but I'm not really a basher) and want nothing more than them to succeed, also we don't have the BS , meaning board shill that seems to haunt almost every board here on I-hub. Everyone can give their opinion without getting bashed or touted. Couple of more weeks and ALL the tax loss selling should be done and we'll have a better idea of where we stand. They really HAVE to get something more current than 2002 financial on their web site, quit promising it, talking about it just do
it.

[veritas-twj]

Dilution through the issuance of a large amount of stock is the answer as other readers have mentioned. If the Company is successful in executing on ANY profitable and cash flow positive company, then I do believe in the long term promise of their core products which have yet to launch.

I do not think this Company is a scam, but I am highly skeptical. The same management team has been with the Company for several years, and has continued to try to push forward with little working capital. I do believe in their sincerity, but I do not know if they can succeed.

Best of luck.

[repoman]

I have been thinking all along about dilution and was hoping for some financials with current float etc. Why dilute at this price though ? If they do pull off this PHS acquisition and get financing for it (they announced prior of some financing to be released) then it would seem credible and undervalued. 160 employees I thought USBO had 5 or something like that. Looking at a daily chart the volume has been way up as of late and many buys have been made from 5-15 cents building a solid base once we move beyond that area.

[holdceoaccountable]

I have the same questions as you. But I bet the two words MAJOR DILUTION will be in the answer somewhere. I really like this company. but I'm swinging more and more to the "empty promises camp". There is not enough info available yet (for me at least) to make any kind of informed judgement. Upon reading the press releases my first impression probably should have been "wow something is happening we're starting to move now", but to be perfectly honest , my first thought was "what next a hotdog stand on the corner". Also was not to happy with the obvious leak of the news 2 days before the actual release by my reckoning. Seems everyone knew it was coming but me.Do not let my negativity influence you. I actually did buy a little more last week,understanding this is the longest of long shots.I really do wish USBO good luck.

[mket01]

Hello. I am new here but I've been a long time holder of USBO stock.
I am little puzzled by the recent news anouncement. PHS Group has "160 Employees" and $81M in revenues in 05-06. How can USBO afford to buy such a company?

After the multitude of "great sounding" news releases in 2004 and early 2005 (Stock had actually traded well over $2.00 in Sept/2004), it is obvious that there is no "real" interest in the company's products, at least so far. The latest stream of news all sound like empty promises to me, just like the financials that we've been waiting to see for so long.

So, to recap, I am really suprised by the PHS Group acquisition and really don't know what to make of it. If USBO trully has the ability to acquire them, then isn't the current stock price drastically undervalued?

[veritas-twj]

US BioTec Announces Initial Findings of Due Diligence on First Energy Acquisition

USBO, an emerging player in the rapidly growing bio-chemical sector of the annual multi-billion dollar industries related to agriculture, lawn and garden, and golf course products, announces today it has accumulated encouraging financial and corporate data from its "due diligence" activities related to the acquisition of the PHS Group, Inc.
US BioTec's initial research shows the total combined cash flow of all of four PHS Groups subsidiaries was over $81,000,000 in gross revenues in the fiscal year of 2005-2006. This number was generated by refining only 823,380 barrels of crude oil in conjunction with the company's other operations. US BioTec firmly believes that the company's revenue can be significantly higher than the $81 million number if it increases refining operations at the PHS Refinery.
US BioTec estimates that annual revenue from this acquisition can be increased dramatically if refining production is ramped up close to the refinery's true capacity of 4,400 barrels of oil per day. If this projected number is reached, US BioTec could expect to be refining approximately 1,474,000 barrels annually.
Production of 4,400 barrels per day will create an increase in capacity of approximately 44% over the total refined crude in the 2005-2006 fiscal year. Historical production data shows that 1,474,000 barrels of crude should produce approximately 34,000,000 gallons of gas, #1 and #2 diesel. The PHS Group currently owns or has contracted a total of 57 stations for retail gas sales.
However, research shows the maximum refining capacity of the refinery subsidiary is 5,500 barrels of crude oil per day with equipment upgrades, and therefore the refinery is capable of an even larger short term increase in refined products to approximately 1,842,500 barrels per year.
"We have been impressed with the expansion potential in refining and the potential for dramatically increasing sales in various markets, plus the potential for quick diversification into alternative fuels, that has been discovered through the thorough due diligence of our team of very talented advisors. And, we are equally excited about the possibility of adding $80-$100 million in additional revenues and very substantial net profits for years to come. Everyone at USBO is encouraged to see all aspects of this acquisition moving forward," says Jimmy Joyner, CEO of US BioTec.
About US BioTec
US BioTec was established to profitably develop, manufacture, market and distribute bio-degradable, non-toxic and non-carcinogenic products to agriculture, the commercial turf industry, forestry, golf courses, professional landscapers, nurseries and mass market retail lawn and garden markets. USBO is striving to be the U.S. market leader in the expanding bio-chemical sector of the annual multi-billion dollar agricultural chemical marketplace. It has already begun taking the necessary steps to negotiate distribution and joint venture contracts to facilitate its nationwide expansion over the next few years. The Company's products are designed to rehabilitate soils, repel insects and increase crop (plant) yields through environmentally friendly alternatives to toxic man-made pesticides and caustic synthetic fertilizers and herbicides. The company also operates an OTR trucking fleet through its TelStar Logistics Corp. subsidiary and is exploring entry into the petrochemical/alternative fuels market through its newest subsidiary, US BioTec Energy Services Corp. To learn more about US BioTec and its products, please visit www.usbioteccorp.com.

Source: Market Wire (December 14, 2006 - 9:30 AM EST)

[repoman]

News Out http://biz.yahoo.com/iw/061212/0191374.html
The company seems to be growing and finally getting somewhere.
2.5 mil shares yesterday and could tell thurs friday the mood had changed on L2. A little leak maybe...

[repoman]

looks like I missed the time to load more. still this is a nice recovery.

[veritas-twj]

Patience is a virtue. Just remember to SELL when the price is higher if you act on BUYING when the price is lower. Lock in some profits on the rebound and hold some for a possible breakout. I still think we may trade down to $0.03 before yearend and then gradually recover through 2007. Best of luck.

[repoman]

looks like .05 may be the bottom again and hopefully etrade is done dumping at least at this level. going to watch a little and maybe get some more here.

[repoman]

so many shares out there, this is getting old

[veritas-twj]

holdceoaccountable

I sold one-third of my holdings in September to take a tax loss but will not sell any more at current price levels.
I intend to add back before year-end the amount of shares which I sold recently but at better prices. I do anticipate the $0.10 level will NOT hold, and that additional tax loss selling pressure will bring the price down to the $0.06-0.07 level in December, which is where I will repurchase shares.

Remember, when selling volume on any given day is heavy you should place a buy order not at market but just above the bid level (eg, if the Bid/Offer is $0.06-0.08, place a buy order at $0.065 with a minimum size if you wish). I have had luck with this strategy on heavy volume days.

I also repeat what I mentioned a month ago, that you should sell some at $0.25 next year where there is technical resistance (especially if you add exposure in December), and keep the remainder for a possible breakout run higher.

Best of luck.

[holdceoaccountable]

veritas-twj
You still holding this ? I still got my few paltry shares, thought about trying to buy a little more at a dime, then decided I might be a bit premature with tax loss selling coming up/already underway.Think I'm going to see if it'll go to .07 then buy back. Tried to do a little dd on Cen Property Inc. , didn't have much luck in my limited time , try to do some this weekend. Cen Property Inc. on Madison in Chicago-nice address - looks like a property management/ real estate concern, don't see the connection, may not be the right one.

[repoman]

i tried buying at the bid from .06-.10 and was not successful once it started its reversal. Bought on the way down prior to that. It seems that is happening again that if you want to buy in you have to go to ask or split your buy with a MM. Don't want to sell at 25-30 possible breakout or here either since I may not be able to buy back in anyway for the # of shares I want.

[veritas-twj]

Repoman, I think there is currently a tug-of-war between the shorts (who think the recent Company announcements are all empty promises) and momentum day traders who are in only for a flip.

I am a long term investor in the Company and believe in management based on my numerous conversations over the past year with someone close to the Company.

However, I recognize that management agreed to deal with a "pump-and-dump" firm initially when they went public in early 2005 (in my opinion out of financial naiveness and not unethical intentions on management's part). That event hurt the Company's credibility among many investors which I completely understand. I do think management learned a lesson the hard way, and the CEO has continued to inject his own personal funds into the Company to keep it in operation while they attempt to negotiate long term relationship contracts for distribution of their products. Ultimately I think that is the strongest endorsement and vote of confidence possible.

I would be a seller of the stock at $0.25-0.30, looking to repurchase at $0.10 later in the fourth quarter of 2006 on the inevitable tax loss selling from long time investors who currently have losses.

Best of Luck and keep the faith (but don't be afraid to lighten holdings on strength and add back on weakness).

[repoman]

watching this trade on L2 is amazing. something is definitely up, volume hasn't dropped like I expected it to. don't know what it is but I am still holding and will wait a little longer. got my largest chunk at .059 when my order was set at .06 ? traded weird then and still now.

[holdceoaccountable]

Pages 16 and 17 of the 27 Sept. edition of FARM WORLD newspaper (serving OH,IL,KY,MI,and TN) details a visit by a major PRC delegation touring soybean farms in southern IL and IN, led by Phil Laney, Country Director for American Soybean Assoc. the purpose of the trip -learn US technology and PURCHASE fertilizers, inoculants etc. These are MAJOR players from PRC.They are here NOW. Bet USBO "China Expert" doesn't know they're here and bet USBO not on they're agenda. OK I'm done talking about China , I'll do no more China posts. Waiting for the announcement that USBO products are in Bob's Feed and Fertilizer in Hog Wallow, Tenn. much more important.

[veritas-twj]

Agreed.

[holdceoaccountable]

Nope, puff pieces are done moving this stock. It is now going to be sales, domestic sales --and soon---not possible and very improbable sales to the PRC years out. I sold half of my relatively small position for a very small profit last week. I'm looking to buy back in back at a dime. Held half , just in case they actually start making money. Lower diesel fuel should help a little on the trucking side. Really like this company's concept, but think they better forget China for a while and concentrate on getting their product in some Kentucky and Tennesee feed stores. Hope I'm wrong, but the big boys are NOT going to let USBO take an Asian market, or even a small piece of it. Wonder what the "China" consultants salary is --full times huh? They better be hauling some big pay loads in their trucks.