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USFCQ: registration revoked:
https://www.sec.gov/litigation/admin/2019/34-85615.pdf
Nope. Looks like its going to be revoked on November 6th 2017.
USFCQ SEC Suspension for delinquent Financials/Filings:
https://www.sec.gov/litigation/suspensions/2017/34-81532.pdf
Order:
https://www.sec.gov/litigation/suspensions/2017/34-81532-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2017/34-81533.pdf
USFC changed to USFCQ, bankruptcy:
http://otce.finra.org/DLSymbolNameChanges
$1,750,000 proceeds from note payable at 9-30-2013....only $90,000 cash remains
$40MM in assets but no REVENUE? Strange....
http://www.sec.gov/Archives/edgar/data/1487920/000121465913006391/c11813010q.htm
On January 8, 2014, the Board of Directors of USA Synthetic Fuel Corporation (the “Company”) granted a performance-based award in connection with the Company’s 2013 Stock Incentive Plan (the “Plan”) to our named executive officers.
Dr. Steven C. Vick, our President and Chief Executive Officer, Mr. Daniel W. Dixon, our Chief Financial Officer, and Mr. Harry H. Graves, our Executive Chairman, were each granted 100,000 shares of our common stock to be awarded at the end of the performance period upon attainment of the performance goal. The performance period runs from the date of grant of January 8, 2014 through January 7, 2016. The performance goal is the achievement of a stock price equal to or greater than $20 per share for any ten (10) trading days during the Performance Period. Notwithstanding the foregoing, in the event of a Change of Control, as defined in the Plan, during the Performance Period and while the named executive officer remains employed by the Company or a Subsidiary, whether the $20 per Share Performance Goal has been achieved shall be determined based upon the higher of (a) the per Share consideration paid to common stockholders in the Change of Control transaction; or (b) the highest closing price per Share achieved for any ten (10) trading days during the period beginning on January 8, 2014 and ending on the date of the Change of Control.
Item 8.01 Other Events.
On January 8, 2014, the Board of Directors of the Company also granted performance-based awards in connection with the Plan to our four (4) non-employee directors. The performance goal for all of the awards is the achievement of a $20 per share stock price for at least ten (10) trading days during the two (2) year period beginning on January 8, 2014. Non-employee directors were granted 35,000 shares each, to be awarded at the end of the performance period upon attainment of the performance goal.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunder duly authorized.
Dated: January 14, 2014
USA SYNTHETIC FUEL CORPORATION
By: /s/ Dr. Steven C. Vick
Dr. Steven C. Vick
President and CEO
What was confidential? Anyone know? http://www.sec.gov/Archives/edgar/data/1487920/999999999714000401/filename1.pdf
SEC Form S-1 Registration Statement needed to grow this company. Cash is needed to grow the business.
I lightened my exposure here - it trades to irratically to bank on it getting back to a dollar.
Yes I'm still here - not leaving under a dollar
30,050
$8,799.50
8
$0.29283
Price
Shares
Total $
% of Total Vol
0.20
13,000
$2,600.00
43.26%
0.25
5,000
$1,250.00
16.64%
0.39
9,550
$3,724.50
31.78%
0.49
2,500
$1,225.00
8.32%
another good alert by Jedijazz
you still in??
on a positive note:
even though $1 looked sweet
there were probably some that were holding shares and woke up saw the movement and jumped on it
the 52WL (.05)
of course 52WH today ($1)
Yup, it was Phat til it went Splattt.
LOL I bet your account was looking Phat~
$1/pps
Todays Trades
USFC
123,958
$27,982.69
31
$0.22574
Price
Shares
Total $
% of Total Vol
0.16
1,000
$160.00
0.81%
0.20
97,242
$19,448.40
78.45%
0.205
500
$102.50
0.40%
0.225
5,000
$1,125.00
4.03%
0.24
6,558
$1,573.92
5.29%
0.265
10,558
$2,797.87
8.52%
0.35
500
$175.00
0.40%
1.00
2,600
$2,600.00
2.10%
USA Synthetic Fuel Corp. Receives Significant Equity & Debt Investments, Purchases BOE Energy Asset, & Continues Progress Tow...
Today : Tuesday 25 September 2012
USA Synthetic Fuel Corporation (OTCQB:USFC) (“USASF” or “the Company”) announced today that it has received $35 million in debt financing from Third Eye Capital, a leading special situations investor based in Toronto, Canada with established expertise in resource lending and other complex assets. In addition, Global Energy, Inc. (“Global Energy”), having launched USASF in 2010, purchased 1.1 million shares of common stock of the Company for $11 million.
The Company used some of the proceeds of the equity and debt investments to purchase a BOE (barrel of oil equivalent) Energy asset consisting of approximately 50 million tons of Illinois Basin coal located in Indiana. Consideration for the transaction was $50 million, consisting of $25 million in cash and $25 million in common stock of the Company (2.5 million shares). The purchased energy asset has an estimated energy equivalent of 200 million barrels of oil, according to the Company, and represents a 50 year fuel supply for USASF’s subsidiary, Lima Energy Company (“Lima Energy”), which is developing and constructing an Ultra Clean Btu Converter in Lima, Ohio. This facility will be designed to enable solid hydrocarbon resources, such as coal, petroleum coke, and renewables, to be transformed into lower cost synthetic fuel products, such as ultra clean synthetic crude, diesel, jet, gasoline, and synthetic natural gas. The balance of the proceeds from the equity and debt investments will be used to purchase land for the Lima Energy project, continue site work, and for working capital and general corporate purposes.
USASF’s goal is to develop and construct Ultra Clean Btu Converters in several U.S. locations within the next ten years, utilizing solid hydrocarbon resources such as those acquired from Global Energy. The Company believes that its Lima Energy project is one of the most fully developed gasification projects in the United States.
USASF President and CEO Dr. Steven C. Vick commented, “It makes sense that capital for innovative environmentally sound energy technology development would come from Canada, where decades of success with alternative energy have built a national energy treasure. Now USA Synthetic Fuel Corporation is closer to bringing its energy technology innovation to America’s top natural energy resource with the deployment of Ultra Clean Btu Converters across the USA. Lima Energy, based in Lima, Ohio, will lead the charge with the production of low cost clean energy products.”
Arif N. Bhalwani, Managing Director of Third Eye Capital reiterated his firm’s support of the Company: “USA Synthetic Fuel Corporation has the critical assets and technical know-how necessary to develop low-cost clean energy products that can be commercially viable. Our innovative investment allows the Company the time and resources to raise adequate public and private finance for its current Lima Energy project, one of the most advanced projects of its kind.”
About USA Synthetic Fuel Corporation
USA Synthetic Fuel Corporation (OTCQB:USFC) is an environmental energy technology company focused on building ultra clean btu converters designed to enable America’s solid hydrocarbon resources to be transformed into low cost synthetic fuel products: transportation fuel (diesel, jet, gasoline), pipeline quality synthetic natural gas (SNG), hydrogen, and power. USA Synthetic Fuel’s goal is to deliver top environmental, economic, and social performance. The Company’s leading Btu Converters are in development and/or construction and are designed to produce 100,000 BOE (barrels of oil equivalent) per day of low cost synthetic fuel. The Company has established the long term business objective of manufacturing and delivering 2 million BOE/day of low cost synthetic fuel in the USA by 2030. The Company owns or controls 1.2 Billion BOE in solid hydrocarbon energy assets.
About Third Eye Capital
Third Eye Capital is a leading special situations investor that provides innovative financing to promising companies that are often misunderstood or in out-of-favor industries. Through extensive due diligence and rigorous analysis, the firm has a long track record of successfully identifying companies with compelling stories and valuable assets that other investors ignore or lack the expertise or willingness to analyze. Third Eye Capital has committed more than $500 Million to private financing transactions across a wide array of industries including energy, alternative energy, mining, technology, media, healthcare, construction services, and financials. The firm was founded in 2005 by renowned entrepreneurs and private investors Dr. David G. Alexander and Arif N. Bhalwani, who have led Third Eye Capital to consistent investment outperformance. For more information, contact Jonathan Norris, Vice President at 416-601-9940.
Forward-Looking Statements
Dang whacker killed my dreams - hope your happy r-tard.
That was my original calculation - then after a few brewskis I noticed it was $10 not $1...... still got a lot of room left here.
[9/24/2012 8:56:00 PM] Chuck - JediJazz22: I need someone with a brain to read this news for me.... I'm seeing it saying it has a pps value of $1 share.... Please tell me where I'm misreading.
http://ih.advfn.com/p.php?pid=nmona&article=54285584&symbol=USFC
USFC +733%
97,300
$21,908.77
23
$0.22517
Price
Shares
Total $
% of Total Vol
0.16
1,000
$160.00
1.03%
0.20
77,742
$15,548.40
79.90%
0.205
500
$102.50
0.51%
0.225
5,000
$1,125.00
5.14%
0.265
10,558
$2,797.87
10.85%
0.35
500
$175.00
0.51%
1.00
2,000
$2,000.00
2.06%
Peeps are getting in at a $9 discount to the hedgies if they got in at $10 as per the news yesterday
GOOD LORD!
I shoulda bought sum!
Are you seeing this CC?
USFC at $1
I miscalculated.... it $10 not $1.
Could it be??? The highest I remember this was the .60s I think.
nice catch, lets see if the market see it this way too....
(USFC)
The news appears to place a pps of $1 share if I'm reading it correctly.
This one just keeps giving and giving.
CHA-CHING ! ! ! I love USFC ! ! ! Just tripled my money today! Can't wait to get back in on the dip! I love making money!
I guess today is what they call a "reversal" - I call it absurd.
Bid is rising from .11 this morning to a current bid of .25 ----and it ain't going thru..... GOOD SIGN IMO
I wanted to be the lucky dog filled at .16! Argh! Money Money Money
Likin the upward action - Hope it tests the .50s today.
Remember - you can never take off your seatbelt on USFC.
What a good day so far! I love this stock ! ! ! Awesome how quickly it rises!!!
I'm back in for another profitable ride. Thanks for allowing me to buy extra cheap this afternoon.
This is exciting! I did not expect such an opportunity to scoop up shares so cheap, especially after the announcement that they will break ground soon in Lima for a research facility. WooHoo ! ! ! And with so much attention lately on the cost of fuel, coupled with the Iran fiasco, synthetic fuel looks to be the best bet for our future sustainability.
There are currently two fully operational facilities in Asia, and this company is looking to duplicate that process! Awesome to get in on the ground floor! I am going to soak up as many cheapies as possible.
This is not the 1st time they have attempted the $100m raise. As for an awareness campaign? I don't see it.
I currently hold NONE - I will take my chances that is will return to lower pps before it "takes" off.
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