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"My perception of investing as gambling applies to all stocks."
I would agree your assesment for the average investor is correct but the difference might be the venue. For major exchange stocks you are on the Las Vegas strip but these pennies put you in the back ally with a guy named "Lucky" rolling loaded dice. The problem here is everyone knows "Lucky" is throwing loaded dice and no one wants to play so those here with large positions are stuck. Sorry, I just can't see Barry as saviour working happily in the den of thieves. GLTA
I am just curious on what basis you would double your position, the article says:
"LONDON, Jan. 30, 2007 (PRIME NEWSWIRE) -- CO2 Tech President, Ms. Helga Schotten, today announced that CO2 Tech, a UK-based provider of cutting-edge, anti-global warming technology solutions, will join Boeing's global commitment to support anti-global warming activities and other environment efforts."
"will join Boeing's global commitment" is a far cry from "we have a revenue producing contract" which they can't say because they don't.
How about this:
"CO2 Tech will proceed in the development of its innovative solution, which will be presented to Boeing upon completion of its development"
Their not even finished developing the product to have to submit to Boeing and if they are implying they are going to ask them for R&D money that could be months or years away IF they win.
You need to read these things carefully there are othe give aways but I'll let you go back and reread the article to find them. GLTA
I was thinking more along the line of "Poster Boys" for this program, but "Slam Dunk" works.
One thing that bothers me, some believe this guy Barry might be some kind of saviour to pull this company through because he's "clean". The last time I checked he was part time (not an officer of the company thus no power to do anything except what they tell him), but more importantly how many "clean" saviours would hang around the Lanza clan. Having said all this I am really suprised how well the stock has held up at these levels, who would have thought it would have rebounded 30% off the lows? Not me. GLTA
SEC Targets Recidivists in Over-the-Counter Markets (Update1)
By David Scheer
http://wealth.bloomberg.com/apps/news?pid=20601203&sid=alPi86Bdl_ZM&refer=insurance
Jan. 26 (Bloomberg) -- The U.S. Securities and Exchange Commission will boost scrutiny of over-the-counter market frauds to identify and pursue repeat offenders who facilitate misconduct, the agency's enforcement chief said.
The agency will target even supporting players whose names are linked to multiple infractions in such cases, including lawyers, brokers, penny-stock promoters and shell-company sellers, Linda Thomsen, the highest-ranking U.S. securities enforcer, said in an interview yesterday.
``If you go after the other players, you have more effect,' potentially upsetting a variety of scams, she said. ``There are international implications.'
SEC Chairman Christopher Cox last year pledged to boost efforts to thwart frauds aimed at retail investors as the increasing concentration of wealth among older Americans threatens to trigger an ``avalanche' of cases. Those investors are often the targets of fraudulent securities sales, penny stock manipulation and so-called Ponzi schemes.
The SEC review may cast a spotlight on people whose names were linked repeatedly to past lawsuits, or highlight recidivists in current ones, said Thomsen. The agency usually seeks higher penalties against those who repeat misconduct.
Strategy Shift
Pursuing outside lawyers in over-the-counter cases would mark a shift for the agency, which more frequently goes after companies' in-house counsel.
Comverse Technology Inc.'s former legal chief, William Sorin, this month agreed to pay $3.1 million to settle SEC accusations he played a critical role in backdating stock options. He is among at least 10 general counsels who have quit or been fired during similar SEC probes.
``It's an intriguing area to look and may well prove to be fertile,' said Jim Cox, a Duke University law professor specializing in securities fraud.
Some professionals are thought to be more lenient in their dealings, serving ``as a path of least resistance, or a weak link in the network protecting investors,' Cox said.
The SEC will step up cooperation with criminal prosecutors to pursue recidivists and plans to develop computer methods to identify people with multiple violations, Thomsen added in a speech today in Coronado, California.
``We may have a case in L.A., a case in Fort Worth, a case in Chicago, that are on their surface unrelated,' she said. ``We will try to focus on actors in common.'
Over-the-counter markets trade stocks, bonds, futures and derivates that are not listed on one of the major exchanges. A Ponzi scheme is a strategy in which people are promised returns on an investment, with the money taken from new investors used to pay off earlier investors.
To contact the reporter on this story: David Scheer in Washington at dscheer@bloomberg.net .
Last Updated: January 26, 2007 12:21 EST
http://wealth.bloomberg.com/apps/news?pid=20601203&sid=alPi86Bdl_ZM&refer=insurance
Hmmm.....and I know you know the difference between presenting and exhibiting and who is trying to mislead, but I will let you know when I hear back, thanks for the invite.
"January 19, 2007 – Presenting at Northeastern University today in Boston,
Mass., a new biofuel discovery for producing green energy was recommended by U.S.
Sustainable Energy Corp. (OTC: USSE) to a group of Massachusetts officials and
government leaders that included Senator John Kerry, Governor Deval Patrick, Boston
Mayor Thomas Menino, and other leaders from universities and local government.
Highlights included an introduction to the Rivera Process, a major advancement for green
energy that creates a quality organic-based fertilizer, while also producing unique biofuel
and biogas natural byproducts at a very low cost."
Who from USSE was the "Presenter" to all these leaders?
http://www.msbdc.org/procurement_conf.html
Either they were left off or they are spreading mis information to promote stock sales. Don't worry though, I have fowarded a copy of the full release to Sen. Kerry's web site for clarification, will let you know.
Did you get this out of a fortune cookie:
" if red chip support this company, they know something that we do not and are not saying anything about it. they can do support a company that is shady and doing under table deals. the golden reutation on the line. they got more to lose than the whole group of us."
Would be laughable but real people have lost and are going to continue to lose a lot of money here. When the RC pimper called me he said they had put "boots on the ground" to check this group out (that was when the stock was .50-.55), now go back and see how long ago that was. He also said they had a lot of there "heavy hitters" from the NE in this, wonder if that is why .20 is being held up. BTW, are you in any way related to RC or the company? Inquiring minds would like to know. LOL
That'll be pretty tough in light of atricles like this one posted on the Ragingbull board:
Published: Dec 15, 2006 - 11:37:39 pm CST USSEC needs permits
By Katie Stallcup
The Natchez Democrat
NATCHEZ — A biofuel company plans to build a plant in Adams County, making consumer-grade fuel out of soybeans. But it currently lacks the necessary paperwork to operate.
CEO John Rivera’s company, U.S. Sustainable Energy Corp., recently bought a warehouse near the river, where they plan to build the plant.
Manufacturing fuel, ultimately 1.5 million gallons a day, Rivera recently said, would require permits from the Mississippi Department of Environmental Quality.
USSEC President Alex Machado, in town with Rivera on Friday, said his company is in the process of applying for environmental permits.
But Bryan Collins, with MDEQ, said Thursday that if USSEC had applied for permits for an Adams County plant, he was not aware of it.
USSEC CEO John Rivera said Wednesday that production of his soybean-based fuel would start in about a month and a half.
In order to operate a fuel-production plant, a business must have permits from the Mississippi Department of Environmental Quality — in this case, emissions and probably wastewater disposal permits, Collins said Thursday.
“Regulations state an application should be submitted 180 days (six months) prior to their planned start date of activity, or constructing equipment (used for emissions and wastewater disposal),” said Collins, chief of the energy and transportation branch for the environmental permits division of MDEQ.
The plant should have 16 reactors operating by the end of March, Machado said Friday.
Machado said Friday his company was in the application process, but he would not say where in the process.
“We’ll make sure we have permitting done before production starts,” Machado said.
Rivera said Wednesday the plant for his one-of-a-kind invention, a highly efficient process of turning soybeans into fuel, would ultimately have 200 reactors.
If a facility would release a certain amount of waste into the air or water, it requires a permit, Collins said.
“I would think that type of production level would reach the permit threshold,” he said.
Collins also said if a plant has a new way of producing biofuel, it does not mean they don’t have to apply to MDEQ.
“Just because it’s new wouldn’t exempt you from permits,” he said.
Collins said the only documents he found sent by Rivera was a 2004 letter explaining his fuel production process.
This will be my last post on this board since the disclosure that it is a paid site for USSE. THis article is only the tip of the iceberg (see post 14925) MDEQ is a cake walk compared to the EPA meaning no disrespect to MDEQ. Good luck and remember keep digging.
Unfortunately, the palms that need greasing for permits and apporvals were not included in the article. As a side note Ken Lay was Houston's largest philanthropist even donated the land where the Houston Astros stadium is located.
Now that it has been disclosed that the board moderator is a paid company consultant does that not make this site a paid advertisement for the company? I wonder if IHUB had that in mind when they developed the site. At the very least that information should be highlighted at the begining of the Board Info. Dig deep.
You might want to start by calling MDEQ or LADEQ or EPA region 4 (MS) and tell them about this process and how they plan to refine, store, and transport this high octane product without permitting or any oversight by their agencies (don't forget to tell them it's refined indoors, that'll make their day). MDEQ might want to know what happened to 6000 gal. of daily production at the Port Gibson facility, like where they stored it. If it was sold who bought it and transported it were state and federal taxes paid, just the little things. And if you're up to it tell them to read the Natchez Democrat to learn that this operation is going to be up and running by the first quarter of 2007.
An old pinkie addage, "If they pump and price don't jump it's time to dump". I bet that SOB from Red Chip never calls me again, little did he know my wife was born and raised in Oil City, LA. How funny.
Maybe someone that went to this site and found out what the value of a couple of "short codes" are worth, then called the CSCA to really learn.
http://www.usshortcodes.com/csc_faq_csc.html
It's called you've got to spend money to make money. LOL
The FIRST thing stockholders should demand is a verifiable PUBLIC record link that BD owns an ounce of oil, then learn about stripper wells and how onery they are. I used to play golf with a guy that owned over 1000 strippers in Sour Lake, Tx, he operated them himself and was tickled pink if he got 800 or 900 brls a month and oil was over $30. If oil price fell below 30 and production was less than 600 brls he just flipped the switch. Better take a quick primer before this becomes a OH OH stock. GLTA
P.S. If they issue a reserve report the first paragraph should define ownership of said reserves.
You guys better close this above .052.
Good work, did you happen to ask the lease broker what the likleyhood was of third party ownership as the reason they don't show up on Sonris? My source said 100 to 1, then laughed and said make that 1000 to 1. Interesting I went to the web site to view video again and it starts then fuzzes out. Well GLTA I really hope there is some logical explanation for all this and you guys make a bundle.
I could see you scenario on a field but all wells? GLTA
But, if you are not the owner of record how do you participate in the revenue stream anyway? Your first post on this subject says it all. Number given to me for La office was (318) 995-0404 interesting that on the same day you posted this:
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_orgad?p_orgid=1822
GLTA
So you think Cargill does not have EPA or State permitting requirements:
http://www.cargill.com/news/news_releases/2005/050901_epa.htm?GO=%BB
You are here: Home > News & Views > News Releases > Cargill, EPA Announce Clean Air Settlement Sept. 1, 2005
Contact:
Bill Brady, (952) 742-6608
Cargill, EPA Announce Clean Air Settlement
MINNEAPOLIS — Cargill today announced an agreement to settle Clean Air Act claims brought by the U.S. Justice Department and Environmental Protection Agency (EPA) concerning emissions at its U.S. corn and soybean processing facilities. The agreement, spelled out in a consent decree filed today in U.S. District Court, implements substantial voluntary emission reductions at 24 Cargill facilities in 13 states. It also resolves concerns over emissions of volatile organic compounds (VOCs) that were discovered and disclosed to environmental regulatory agencies by Cargill and others in the corn milling industry.
In all, the settlement will result in more than 40,000 tons per year of emissions reductions from previous actual and permitted levels. The settlement includes a $1.6 million cash penalty as well as $3.5 million to fund community-based environmental projects and environmental improvements at Cargill plants. Twelve states and four counties are also participating in the agreement.
“This agreement achieves significant environmental benefits, resolves a compliance issue discovered and disclosed by the corn milling industry, and recognizes Cargill’s strong overall environmental record,” said LaRaye Osborne, Cargill vice president of environment, health and safety. “We are pleased that we were able to work cooperatively with the EPA and state and local authorities to settle this issue.”
In addition to VOCs, the agreement provides control plans for nitrogen oxides, carbon monoxide and sulfur dioxide emitted at Cargill’s corn and soy processing operations nationwide. The majority of the settlement’s emission reductions are voluntary and go beyond government regulatory requirements.
The decree credits Cargill for voluntarily investing more than $20 million over the past eight years to reduce emissions. In some cases, the settlement codifies Cargill’s recorded emissions -- already well below previous permitted levels – as the new permit limit.
The settlement is the result of joint discussions with the EPA and state and county agencies signing onto the consent decree. Implementation of most aspects of the settlement will be completed within five years.
I dare you to call the number Monday and ask Bill Brady about state and Federal permitting requirements. I think some of you have let emotion override just plain old common sense.
That post was a reply to my question regarding where the company was in the permitting and licensing requirements imposed by state and federal agencies. If anyone believes that they are going to produce flamable distillates and deliver for sale a product without meeting these requirements, well sorry, it just won't happen.
Why do you think the mayor's were somewhat less than enthusastic regarding timelines? Do you realize how long the permitting process for just the transport permit would be, probably 6-9 months minimum. Best of luck to you guys and I really mean it, last post.
Questions:
Why no state level politicians present? Have seen several of these and they never miss.
No one from La DEQ present.
More effective if they would have put fuel in while everyone watched.
Otherwise pretty good. (It crashed my computer anyone else)
I can't believe the people there belived it was him. Good grief they were in the city famous for look alikes and impersonators. You think he is stupid?
"Checks in the mail", the GFCI corporate mission statement.
Jim Jones is laughing his azz off in Hell right now. LOL
When you can't break the code best hit the road.
This is looking more like an UH OH stock every day. Coded PR's that leave everyone confused and bickering among themselves and management no where to be found.
I posted this on the RB message board last week with no replies, just curious what this board thinks. No position in stock at this time, but have made money in past.
Questions you might consider.
How many of you have played the "pinks" before and won by holding?
Do you really think someone gave Dial a check for 3 million?
Why would a non reporting "pink" want to become reporting?
Have you ever heard of "black boxes" in the oil industry?
Analogy:
NYSE- shooting craps at the Bellagio on the strip
NASDAQ- Golden Nugget downtown
AMEX- Any casino in LA
BB/Pinks- back alley USA.
Good luck and remember they don't build those casino's with winners and WS MM's and Spec's live on Park Ave with our money.
Sorry. didn't mean to infer she was important but she answers the phone at the company and is very nice. A lot of these pennies have answering machines or services, it's different to talk to someone that's been there a while. Now that someone mentiooned it I did see what appeared to be a dude wearing a cape ducking into one of the engineers office. Hmmm....
No clue but when I talked with Lois last week very upbeat and positive about things going on. Based on today's action it would not be wise to sell. JMHO