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There are about 670 million shares outstanding. Having, say, around a million and a half shares would not make you a player.
We're talking less than seven grand at todays price of .0048.
Peanuts.........
THIS IS NOT A START UP. This POS has been around for years.
It was trading at 0.13 in 2006 when I bought it, based on BS press releases about the DeBeers contracts., Those, by the way, turned out to be a complete and total scam.. No revenue in eight years. Nothing but BS.
How soon the stock rose to a penny after the announcement of the patent is irrelevant. A day, a month, it doesn't matter. The point is, after the announcement the stock climbed to penny. That was probably the result of speculation, however, during this period of heightened exposure if the patent had been recognized as valuable and pertinent, than the stock should have continued to rise and rise and rise. That would have been a success! That did not happen, rather the stock has gone in the opposite direction and hovers around .005. That does not bode well for the patent.
We are do for another press release in an effort to pump this stock. Like all seven of the press releases featured above, it will amount to nothing. Zip, zero, zilch! Who in there right mind publicizes press releases that turn out to be total failures? GSPI seems to do it repeatedly, and without shame.
Can anyone post a GSPI press release that actually lived up to its promise of success (revenue)? If so, I would love to see it.
With the benefit of a very promising press release, proclaiming the issuance of a patent, this stock rose to just over a penny within a few months. During this time of heightened exposure, I'm sure more than a few interested investors did their due diligence on this stock. As a result, the stock has retreated by half. This does not bode well for either, (1), the popularity or perceived value of the patent, or (2), the popularity or perceived value of the companies management, or (3), both.
What did Joe have to say about the stock dropping 50%, at just the time he had anticipated we would be seeing positive revenue?
Did I miss the memo about the positive revenue?
The announcement of the new patent pumped this stock up to 0.01 by May 16, 2014. Since that time, the stock price has declined by over 50%. Interest in the patent is non existent.
You need to re-read post 30243!!!!!
The topic was patents, and the post was dead on topic.
Having one patent, or a hundred, is no guarantee of a companies success.
Success is about competent management.
I agree that you can't fake a patent, but having one is no guarantee of success. Here is a perfect example. This company has been delisted, after trading for over $2 a share at its peak. Not unlike GSPI.
Founded in 1999 PureDepth® holds rights to over 100 granted and pending patents covering the whole area of Multi-Layer Displays™, including embodiments and improvements. The IP portfolio of PureDepth® is arguably the strongest and most extensive on Multi-layer Displays™ and includes a comprehensive Software platform traversing both pre-rendered and live content, a patent-applied for Mobile capability, and numerous aspects of multi-layer effects and capabilities whether deployed on multi or single layer displays.
With its patents covering the United States, Europe, Japan, Korea, Hong Kong and smaller markets worldwide, PureDepth® has established itself as an innovator in the 3-D and visualization space. Since its inception, the company has maintained a rigorous intellectual property strategy, developing an extensive portfolio of patented technologies, including its trademark Multi-Layer Display™ (MLD®) technology. As PureDepth® continues to expand its product development and licensing strategies, a broader range of platforms will be available to meet the consumers demands in mobile, public display, gaming and other visual displays - a new dimension in visualization.
I lost money on this one as well, having based my investments on the fact that they had 100 patents. It's not about the patents, it's about the management.
There are seven press releases posted above on this message board.
All of them are full of promise. Go back and research each one individually, and you will realize that they produced no positive results whatever. These seven examples just scratch the surface of GSPI press releases over the years. They don't include the Russian railway lubrication testing (press releases), the Greek maritime lubrication test (press releases), the electric car manufacturing plant startup (press releases), etc., etc........
Do your due diligence and don't believe everything you read.
It appears as though the fat lady has sung!!!
The average volume over the past ten days has been just over 70,000 shares, or less than $400.00 a day changing hands.
PLP,
Not sure what it is that you know that the rest of us don't,
but after owning this stock for eight years I am down 90%.
I suggest you not hold your breath while waiting for this train to come in, or you will be blue in the face. This has been more of a train wreck than anything else. Promises, false starts, more promises, failures, more promises.........
PLP,
Would you explain exactly what is meant by this statement in your last post?
He said "the next six weeks and if not ik going to salt lake city"
There is not enough information here to understand the meaning.
Time to change the name again!!
All of you folks holding your breath awaiting FINRA approval must be getting a little blue in the face!!!
PLP,
The last time I called "the company", a gentleman answered his kitchen phone and said he was "fielding" GSPI phone calls for Joe. He had no information of value to impart. Wouldn't it be nice if GSPI would disseminate all pertinent news, and not just FLUFF designed to pump the stock? If all GSPI interests in this venture have been lost, don't you think the shareholders deserve to know? There was no shortage of glowing press releases when this project was getting started, not a word about its failure.
Just saying........
IMO. The history of this so called company, is nothing short of criminal. A real pump and dump scam. Avoid at all cost.
Can anyone shed light on the Odessa, WA biodiesel plant that
GSPI had a 10% stake in when it was owned by Inland Empire Oilseeds (IEO)? IEO went bankrupt and the plant was taken over by 1138 LLC, which in turn went bankrupt, and the plant is now being operated by TransMessis Columbia Plateau. I believe GSPI has lost all ownership interests, as well as any contributions made in the past. Can anyone confirm or dispell this information?
The history of this plant only emphasizes the patience you will need in order to make money (or not) with this stock, newly granted patent or not.
AMEL changes to IENG. A rose, by any other name, is still a rose.
So is a pile of crap!
Doc,
I understand that you were being facetious, unfortunately it is probably the most accurate statement you have ever posted on this site.
PLP,
1.5 million bid. 1,500,000 times .0055 equals $8,250!!
Let's not get too excited.
PLP,
If I had purchased my shares as of the close price today, I would have considerably more than 1.4 million shares. Unfortunately I purchased my shares in April of 2006 when they were trading at .13
So when you speak of patience, you are preaching to the choir.
.13 to .0055 over an eight year period. One promising news release after another, I have every right to be skeptical. You should be as well.
IMO if AMEL had experienced any success whatsoever, there would never have been a name change. This was just an attempt to bury a dismal past from future investors.
PLP,
OK, so now the Patent has been out there for six months, have I missed the news about all the offers that have flooded in?
Come to think of it, since the news release of the Patent being granted, little or nothing has come from the company. The response has been lackluster to say the least.
Like you said, the Patent is there for all to see, and no one seems interested.
Didn't Joe try to arrange an auction for the proprietary
knowledge that is the basis of the patent, and no one was interested?
88,
To the contrary, "the company" has RELATIVELY no investment in this venture. According to their information, the have over $900,000 invested, let's give them the benefit of the doubt and call it a million. The required capital to get the first plant up and running is an estimated 200 MILLION. Therefore they have 1/2% invested!!
I will gladly cough up $5000 if you will invest a million (with no guarantee of being repaid). Get real! That's what they are asking of the investors.
They started and failed as an internet interest, as a nuclear remediation interest, as frontier fuels, and so far as USFF in Kentucky. Do you really believe the big turn around hinges on being relisted? I've been in since NSOL and wrote this off as a total loss years ago. It was a penny stock and that's how it goes.
I just hate seeing others suffer my experiance based on pipe dreams. THIS DOG WON'T HUNT. If they can get some private investment money to offset this huge disparity, maybe they can generate some stock investment interest. I don't see any big donors on the horizon. If it were a great idea big money would already be on board.
The inability to trade most definitely hinders this
companies chances of success, however, the ability to trade in no way guarantees it. The repeated sentiment on this board equates the ability to trade with success. Why? What is the draw? They have a business plan (that has already been dismissed by the state of Kentucky), a miniscule percentage of the required funds, and a lousy track record. I may be naïve, but WHERE'S THE BEEF?
Well it's been about three years since the last time they tried to pump the stock with a news release claiming that they've signed an agreement with so and so for a Major Marketing Campaign of the TVT lubricants. I never did see any advertising in 2011 for TVT lubricants myself, just saying.
Can someone please explain to me EXACTLY what happened to ITALIAN GUN GREASE? I would really appreciate it.
This company is the King of promising news. Success has been just around the corner since I bought this stock in 2006. I have witnessed one promising press release after the next, ad nauseam. I have spoken personally with Joe, and found him to be quite engaging, however my holdings languish at an 86% loss. I intend to see this one to the end at this point, but anticipate a total loss in the long run. The build up to an electric car program was the most interesting, and just like that, poof, it was dashed.
An auction for the algae to biodiesel formula, poof, disappeared.
Contracts for lubricants with Russian railways, poof! I could go on and on about the disappointments these glowing press releases have led to. I'm not saying that they won't be successful at some point, I'm just saying, you had better be prepared for the long haul if you buy this stock.
MidtownMan,
I agree with the premise of your post, but it does not excuse the actions of this company from their lack of transparency to the investors over the years. They abandoned their core goal (NSOL) spotting nuclear substances in shipping containers, with no notice or investor input. They grossly failed to communicate the circumstances of the Kentucky debacle. The last press release pertaining to that was news of a ground breaking ceremony, if memory serves me. Changing the name of the company doesn't eradicate the shoddy investor relations history this company has in spades. What's to say that they won't abandon CTL and open a pizzeria?
Does anyone know what caused Matthew Worrell(SIC) to disappear from the company?
Assuming FINRA approves the application, and trading starts, what is the sales pitch, (pump)? This company has no history of success, minimal capital investment by the principle players, (as a percentage of total equity required for the success of the proposed project). It is truly just a business plan. Remember Kentucky?! That is their track record! They let that debacle quietly slip away with no announcement to their shareholders. I know, I've owned this stock since it was NSOL. What a joke. The inability to trade is the least of this companies woes.
How they got a 10 million dollar line of credit early on is beyond me. This company is a couple of shmucks and a few trucks. Look at their marketing photos. I guess I'm the biggest schmuck of all for buying in at 42 cents based a 10 million dollar line of credit. Live and learn.
This board reminds me of a local watering hole that has a sign posted above the bar that reads, "FREE BEER - TOMORROW"
R9988,
Thank you for your thoughtful response. I hold NSOL shares from 2004, (how's that for investor loyalty), and I wish USFF the very best, (in my own self interest), but I'm not rushing out to add to my positions by any means. Ten years into this investment my shares are worth a small percentage of their initial value.
"US Fuel anticipates funding to be in three tranches, $963,000 to complete Development, $6.56 million to complete the Front End Engineering and Design, and $337.93 million to complete construction. We estimate a plant could begin commercial operations as soon as twenty four months after the first funding."
The company has invested over $900,000 to date according to their own statements. If you do the math, their investment (exposure) amounts to considerably less than 1% of the total (anticipated) required capital.
Based on the performance of this company over the past ten years, I wish them all the best soliciting investors.
R9988,
This is all very interesting, if not extremely speculative.
My take away is that I should be investing directly in Natural Gas futures. I don't need a middle man, particularly one with a track record like USFF. I am still seeking information about their failure in Kentucky (see post 30022). Can you share any insight about that?
How many times P/E will that be?