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bball, shareholders already got their extra shares of USSE last month.
You all should take bitbybit's advice...
You either believe in Dr. Cavasin or not. This is the pink sheets and, correct me if I'm wrong, ACMG is not required to keep 'us' up to date with every little step. Dr. Cavasin has outlined what was to happen. There hasn't been enough proof to say whether he was telling the truth or not, so why assume the worst?
The main thing the stock price of any penny stock is good for, from the company's perspective, is to sell more stock to make money in the future. That's why they want the share price high, so they can make more money per share. With Siam, does ACMG need more money? NO...so why would they care what the PPS is now, or what 'we' think?
Think about it; if you were Siam and wanted to purchase shares. Would you want to buy it cheap or at a premium? If I were Siam, I would let the so-called long-term investors lose faith and sell to me for cheap. That way, I can even buy up the float on my own terms. Siam is in it for long term and is buying up your shaky shares... that's my opinion.
If this is a scam, oh well. I didn't put in more than I could afford, and it's something learned here in the pinks. I can't wait to find out what is going on, but I can have patience. I'm not going to panic. The O/S was confirmed as unchanged the other day, so if the price goes down, I'll buy more. The shorts will be taken care of in due time. Good luck all.
Don't judge a company by its website:
http://berkshirehathaway.com/
Can you clarify what you mean by "many ways to get that job done?" Thanks.
Sentinel 1
Tomstocks 0
Thanks for the info Rheddle.
Also, a BIG thanks for Jerseyboy. I'm mostly a lurker, but I really appreciate your honesty on this board.
Good point. I was just checking the rules for a buyback since "show-da-money" had asked. I suppose Siam wouldn't be buying back, so those rules wouldn't apply...or do they?
Maybe this is the info that will be forthcoming? (where the shares will go?).
So using the 25% of 4 week average volume and data from barchart.com (see below), ACMG/Siam could have bought up to about 25% of around 6 million~1.5 million. Actually, it should be less, since that data includes today's volume... Does anybody see anything wrong with that logic?:
Period Moving Average Price Change Percent Change Average Volume
5-Day 0.0566 +0.0430 +86.00% 13114401
20-Day 0.0710 -0.0470 -33.57% 7388270
50-Day 0.0721 +0.0600 +181.82% 5045528
Here's what you're looking for (from wikipedia):
In the United States, buybacks are covered by multiple laws.
According to Rule 10b-18:
* One Broker-Dealer per Day: The company repurchasing shares may not use more than one broker and/or dealer to acquire the shares per each day.
* Timing of Purchase: A repurchase may not be the first trade of the day. Repurchases may not be made in the last ten minutes of the trading day. These rules do not apply to over-the-counter securities.
* Purchase Price: A repurchase may not be bid at a price higher than the highest independent bid or last price of the last trade.
* Volume: Repurchases per day may not exceed 25% of the average daily volume of the previous 4 calendar weeks. Block purchases not effected by a broker-dealer are excluded from this restriction.
After reading this last PP statement, I will say that PaperProphet is NOT an engineer. If he is, he really needs to brush up.
If he were an engineer, he would know that both BTU's and kwh's are units of energy. They do not "convert" with any amount of efficiency. It is as simple as english versus metric (read inches vs. centimeters).
In addition, HEAT is a form of energy. If heat is added to the Rivera Process during the vacuum phase, then it is one of the energy inputs (along with soy beans). The outputs (light/heavy gas, invisible gas, etc), can most definitely have more BTU's than the original soybeans given this additional heat. However, keep in mind that some of that energy is used to feed back into the system (the heating phase). How that's done, I don't know.
The only thing that PP is right on is that there isn't enough info to verify anything other than the test labs, e2m involvement, onyi filings, etc. This IS a speculative stock. Nobody should argue that. There is some amount of faith in the stock necessary, given what we have. On the other hand, there's NOT enough info to discount it prematurely as PP and a few others have. I will have patience for this startup with a large future. I suggest to everybody to not watch the ticker every minute of every day, unless you hope to strictly day trade it.
I understand the Rivera Process includes a heating stage while in vacuum. If this is true, do you not think that your BTU argument is invalid?
Also, is it true that you're an electrical engineer?
Great! Thanks for the reply Zardiw and Maximus. Sorry I can't reply to pm's since I'm on a free account. I mostly lurk, but I greatly appreciate the information both of you provide! I can't wait to see USSE pan out for all of us!
Just a quick question for Maximus or Zardiw (or anybody else who knows)...
I understand that the vacuum component of the Rivera Process is a high-temperature process. Out of curiosity, is this high temperature due to heat added to the process or is it a result of the catalyst and subsequent reactions? Thanks for sharing, if possible.
Good point. Thanks for the hardwork Zardiw!
Zardiw,
can you please start to delete all messages that discuss Paperprophet and that are off-topic? It seems as though 80% of today's posts have been about him and his posting (including this one). I believe he's bashing for no apparent reason, at least to us. But if his job is to clutter the board, he has done his job well. Read his last few messages and you'll see they have nothing to do with USSE, just egging people on.
The bottom line, people, is that this IS a speculative play (although a very encouraging one with e2m). There are risks involved, it is a fledgling company, and yes there will be questions. Can they be answered now? Some can, some can't. They will unfold before us. Invest or don't invest. Don't argue moot points that are not answerable at this point. People can think about their own investments and you don't need to convince them one way or another. Just show the facts and let people decide for themselves...
Just my opinion
GEO, I didn't say that profit was bad. Just agreeing with what Mike had said. A company purely focused on profit and nothing but would not fit in this model because too many bean counters would not allow it:
per Mike...
"When you live a life dedicated to doing good, they find you. In fact they will flock to you. This is also true of companies who do good. How do you think Paul Newman gets to donate more than $175,000,000 to charities selling $3.00 bottles of salad oil?
Or Stonyfield Yogurt sells to Dannon for $70,000,000 more than book value?
Its because these companies have more than good products, fancy ads, and the usual ho hum corporate crap. These companies have souls and people will pay more for corporations that have souls in a sea of souless corporations. And consumers will buy more from companies with souls as well."
Thanks for the wonderful reply Mike! I wholeheartedly agree that companies need to be focused on things more than just pure profit. I wish you and E2M well! It will be great to see your vision come to fruition.
Again, thanks for being on this board and sharing your insight.
e2m.org board of directors.
Has anybody had a chance to look at this? Pretty impressive people listed there. Mike, can you comment about this at all? How did you get hooked up with all of these fine folks?
http://www.e2m.org/board%20of%20directors/Board%20of%20directors.htm
No problem chevy.
So far, everything I've researched about this company seems to be legit and will be incredible if all is as stated (which I have no reason to believe otherwise). I definitely recommend you to contact Redwood for any questions. They're very helpful.
I don't post much, but I try to keep up with reading this board. I think Zardiw is doing a great job moderating. So far, any questions that have been asked by folks have been answered fairly well (at this stage of the game). Remember, it's an infant company... There are a few that refuse to accept certain answers, but just check their posting history and that's all the info you'll need to know about agendas.
Also, it's always great to hear directly from Robert Davis at Maximus. Thanks Mr. Davis! Anyway, good luck to all. I'm looking forward to this year and USSE.
Here you go Tanks, err Chevy
(yup waiting for CSHD to unfold as well)
http://otcbb.com/asp/dailylist_search.asp?DirectSymbol=USSE&OTCBB=False
These guys (see below) are on the Board of Directors of USSE. If they've been duped, JR is one devious cookie. You'll see both are mechanical engineers (I'll have to verify later). Anyway, I'll trust their judgement. If you can entertain us with who you are and your qualifications on gas turbine combustion, I may reevaluate my position as a shareholder. Thanks for the great questions.
Anyway, off to a dental appointment. Good luck all.
Kelmer Smith
Vice President Engineering & Construction
Kelmer Smith has been a project engineer and mechanical engineer for refinery processes at Exxon USA’s Baton Rouge, Louisiana, refinery (the second largest in the world); a project manager at Cataphote Inc.; and a design engineer and project manager for Entergy Corp. at the Grand Gulf Nuclear Station. He left Entergy in 1996 to establish a successful consulting practice that eventually merged with I.C. Thomasson Associates, where he served as a principal mechanical engineer and president of MS Operations. He has also served as project manager and design engineer on numerous industrial projects.
David Crow
David Crow was formerly senior vice president at Pratt & Witney, responsible for the design, development, validation and certification of large commercial engines, military engines and rocket products. He joined Pratt & Whitney in 1966; he has also served as senior vice president for the Large Commercial Engines unit and has led R&D for advanced technology systems. Dr. Crow is an elected member of the National Academy of Engineering and a member of the American Society of Mechanical Engineers and the American Institute of Aeronautics and Astronautics.
Zardiw, I think yesterday you mentioned that the turbines, when run at 50MW, would burn 66 gallons of fuel per minute. Can you tell me where that came from? If that's the case, I'm calculating around 35% efficiency which is in-line with a gas turbine generating power. Sounds like they did their math right.
sigh....
http://ussec.us/news-36.html
http://www.mobilepacusa.com/
FYI, Pratt & Whitney gas turbines are not designed to run on steam. Rather, they run on liquid or gas fuels that are combusted within the turbine engine. Basics: fuel&air goes in--->compressed--->combusted--->drives the turbine--->drives a generator.
PaperProphet, it has been made clear that Pratt & Whitney turbine engines are going to be used to produce power, NOT steam. Mr. Davis answered your question indirectly when he said that they are trying to get 2-3% efficiency gains before the tubes are completed. He did not directly answer your question because it is assumed that people on this board have done some research and know that gas turbines will be used to generate power. Does the name Turnkey ring a bell at all?
http://www.mobilepacusa.com/
It's obvious you have an agenda here. Why else would you state the following in one of your previous emails today?:
"Second, I've never called USSEC. I could call them and potentially have them lie to me over the phone and then convey that information second-hand where it will at least be suspect since I said it and may potentially be innaccurate since there are two potentials for error."
After seeing what happened with CSHD and SLJB, it's interesting to see that culture of people that are there to cause trouble and to ruin these message boards. It's sad, really.
Good luck to all in USSE. Reputable names are what's helping this one seem legit. Things that were said are unfolding before us...it's just a different timeframe than what we'd like.
I'm just guessing it's a reverse merger...maybe it's not.
If it is, then USSE's assets get put into ONYI, so no more USSE, but our shares would combine somehow with ONYI's with ONYI being the remaining symbol.
If it's not a reverse merger, ONYI needs to put up some large amounts of money to fund USSE. It's hard to believe that USSE wouldn't be able to use those patents/processes.
Again, just speculating.
That's what I thought at first, but I believe this is going to be a reverse merger, whereby ONYI technically acquires USSE, but really, it's so that USSE can go the the OTC...then a 'higher exchange.' I think the market's starting to realize that now..
Hopefully I'm looking at that the right way :)
Oops, I just realized I had been writing my post when you posted yours so I didn't see it. Thanks!
I suppose we'll just have to wait for the details to see how much financing ACMG's going to get?
By the way, great job on the board guys! It's good to see a well-mannered board (they're very rare as you're all well aware).
Question for those that understand the ACMG deal...
Are the 5 million restricted shares of USSE and 5 million of SPC all that USSE paid to obtain its share of ACMG?
From USSE's PR:
"USSE expects to issue approximately 5 million restricted shares of USSE and 5 million restricted shares of its subsidiary company, Sustainable Power Corp. (SPC), at the closing of the definitive agreement expected within the next two weeks."
If so, does this mean that 1 share of USSE and 1 share of SPC adds up to be $30? If so, that would be incredible! The market cap would be waaay to high, though ($15b?). I only bring this up because of the ACMG PR (see below). I imagine it's actually a combination of stock and financing help? Any help in clarifying this would be great (although I like to dream of $30/share).
From ACMG's PR:
"As announced last week, Dr. Cavasin, CEO of ACMG, signed a memorandum of understanding outlining an agreement for the acquisition of 60% of ACMG in a transaction with an overall worth in the vicinity of $300M"
No, I actually didn't ask them any of those questions. I'm not going to ask them anything that would constitute insider info. I did ask them about the progress with the first 4 tubes...
"Everything is on schedule." That was from Mr. Rivera.
I recommend you call with any questions. Jens is the one to speak to. He was actually in a meeting when I called the first time. Angela took my name and number and Jens called me back later. Anyway, good luck to all. I can't wait for the free shares.
Redwood...
Hi all, I just got off the phone with Redwood. They are a pleasure to talk to. I also got to talk briefly with Mr. Rivera. Nothing that we don't already know, but I have high hopes with this one! I suggest anybody who's interested to give them a call with any questions.
I was mostly concerned that USSE's dividend wasn't showing anywhere. Jens said that since it's a pinksheet, it won't show on otcbb.com. Yes, Friday is the date they'll pull a shareholder list. Today is preferred to get in, and tomorrow sounds to be iffy due to the 3 day rule.
Thanks all. This is a great board. A nice refresher from CSHD and SLJB. I'm sure I'm not the only in those on this board. I still think both are legit, but this one sounds to be great as well!
Oh, I see. Thanks for the info.
Well, I'm still staying in this for the long term. It seems from the PPS, most everybody else is too. Good luck to all.
Go USSE!
Who said the deal with Oppenheimer is dead? Although we got a clarification of a previous PR, it doesn't say that the deal won't happen. Maybe I need to read it again, but it sounds like they were in the middle stages of the deal.
If anything, this opens the door for other companies to give USSE an even better offer than Oppenheimer had.
Anyway, something to think about...
By the way thanks Zardiw for all of your work. I don't post much at all, mostly a reader, but I appreciate what you bring to the board.
So you're saying that you want to pump it up to flip for more shares?
At this point, if you're in at $1.59 you either average down your position by buying more then wait for the halt, hold and wait for the halt, sell and walk away, or try to flip it for more shares.
If you're flipping for more shares, you fly the risk of missing the halt and price reset. I agree it would suck to have gotten in at $1.59, but if a 10X increase after the price reset is not enough profit, you're getting way too greedy.
Thanks for saying that rookie. These pumps are getting a bit silly. I'm holding this long term and even I'm getting sick of these pumps.
For those pumping and are supposedly long, you have to come to realize that the share price right now seriously does not matter, just like Mr. Harris stated. The price will be reset regardless of the current share price. The financials and pr's will support the price and will hopefully force a short cover from that baseline price. All that matters now is whether you're in or out before the halt.
Good luck to all (except those that short this...what are you thinking?---that's more of a gamble than going long).
Yeah, I used to be skeptical about the manipulation, the shorting, and the hired guns on the boards...but after watching LFWK-->SLJB since April/May and also FHAL-->CSHD since early July, I'm convinced there's a lot of BS that goes on that we'll never really fully understand.
One thing for sure is that these guys spouting this misinformation are NOT here to save anybody from investing. There are better ways than that if they were genuine. Anyway, I'm riding this one out to see where it goes for the longhaul. Same with CSHD. I admit, there's a chance both are scams, but I really doubt it. Plus, I'm not investing my life's fortune. I just see the upside as too good to miss out on.
For those that short...what are you thinking?
$1000 long -->potential gain: the moon...potential loss: $1000
$1000 short -->potential gain: $1000...potential loss: everything you have.
Good luck to all.
No, there's a difference between PLNI and SLJB. I think PLNI stated they were going to do a buyback, then diluted. I don't believe they said that they were never going to dilute, like SLJB has. Plus, look at the Nevada site. The AS is still at 800 million. Even if there is dilution, that's the max our OS can go to. At 800 million, we're still undervalued, IMO.
I don't know when this drop will end, but in the long run (months? years?), I think SLJB will be more than fine for the longs.
Shorting. If the company states that they're not diluting, then how can this not be more shorting? Granted, the company can be lying, but why? They would have SO much to lose, legally.
Look at the time and sales... From the 0.06 area, it's been all buys. With buying pressure, the PPS should go up. When shorting occurs, buying pressure will bring the PPS down because all the buyers are taken out.
I think the MM's are shorting and buying large blocks at a low low price in intervals to cover (ever wonder why those large blocks are 0.002 or so lower than the bid?). The intervals of large blocks are to keep themselves in check to not get themselves deeper in the hole than they already are. Basically, this is just to get the PPS lower so they can cover lower and also to get the traders and weak-longs to get out.
Anyway, it's just my hypothesis on what's going on. I don't see why buying pressure would make the PPS drop like that in a regular market. Any other ideas?
Thanks xlr8rs. I think I'm just getting tired of reading posts by bashers that are apparently here because they're paid or are shorting the stock. I should probably stop reading most posts here until another PR comes out. If the price drops for no reason, I think I'll add more depending on the risk/reward.
To those shorting this...WOW! That takes way more guts than going long on this. Your potential losses are near limitless.
To All:
Whatever happens on this board is not going to affect the final outcome of this company. Whether you're pro-FHAL or anti-FHAL (if you are anti, what are you wasting your time/life on a message board with a stock you don't care about??), we'll find out eventually. If this company is legit, which I think it is, the audited financials will be released in due time and we'll all see its worth.
Everybody is saying that tomorrow's the day for the symbol change, but the PR stated that today was the earliest we could get it. I'm not sure if this is the same, but LFWK took something like 7 weeks before it was changed to SLJB. Believe me, I really hope it's tomorrow, but don't be surprised if it takes longer than what everybody thinks. The fact that the CUSIP problem occurred last week was a bit worrisome, but since it was fixed (and verified to be fixed), my mind was at ease a bit more as it seemed the company was going forward. I'm sure this has been planned well by Rufus & Co., but maybe they didn't foresee the delays from sources that are out of their hands...
BOTTOM LINE: If you believe in this company, everything seems to be going forward and there's no need to worry. If you don't believe in the company, sell now and don't look back. This is a gamble, so nobody should be putting in more than they can lose.
Finally, a reputable poster to come save me! Thanks!
Of course there's still some chance that this is not legit, but it's how each one of us interprets the research that's been done. PEOPLE KNOW THE RISKS THAT THEY'RE TAKING!
There are some that believe this is a real company, and have a vested interest in it. There are others that don't believe. They usually move on to the next stock they think will make it.
Where does that put you and other bashers? You have no vested interest in this stock, so why waste time posting here?
It's always funny how bashers do things. FHAL just had a flood of bashers for about an hour/hour and a half. They came and went at about the same time. I thought that was just funny, and silly. In the end, whatever happens will happen regardless of these posts. It's just funny that bashers waste their time like that. It's sad, actually.