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Really... Robert Schwartz is around 5'7" 200+ pounds and built like a tank. Brown hair and loves to wear shorts. He could crush you with a look and eliminate you with a conversation
Harry is 6' tall minimal hair only on the sides and loves to wear jeff caps. He was a former marine. They work with partner style desks as to always be in each others face. Listens like no one I have ever seen and communicates extremely effectively
Stanly Drinkwater esq. is 5'7" with hair that any 60 year old would dream of. You never see him coming. I would not want to meet him in a court room
Debbie the office manager is overweight short and top of her game.
I am stopping there. Maybe everyone should visit
Eventually he will enter the Chief executive officer position. That is anticipated when we become fully reporting and back on the bulletin board
You don't have to worry about him having a day job. He was paid a huge signing bonus in liquid dollars. He is doing a ok. When I was at the office I had a chance to meet him and that is when I found out the details. This gentleman is the man in the field. He sees unlimited opportunity with our company, His business model being implemented with Harry and the team is incredible.
I do know that the completely revised business plan will be disseminated shortly along with a completely new revamped web site of which I saw the templates. WOW.
Big surprises are coming. There is a reason why management is not concerned about the stock price today. Tomorrow it could be significantly more.
FYI. Mr. Connor is a phenominal individual. Intellegence that is off the charts and he has done this already. I met him at the office that day. What an addition to the team.
As he quoted to me. These plants will be built and they will set a precedence across the country for duplication.
My advise to the fools is to sell sell sell. Whoever does sell will be sorry little birdies in the immediate future.
But I do know that some people sell for tax reasons and every individual has individual circumstances.
Happy New Year to all. OK, I do know that the 12 Q filings are completed and they awaiting for the financials to be dropped in and then file through the Taubmann Law firm.
Happy New Year....
Well, I just received an aggressive phone call from Robert Schwartz letting me know that we have been receiving phone calls from several individuals and ones directly from I-Hub stating that I am disseminating too much information. Robert reminded me that I signed an NDA and no information received is not to be given out. The document covers a no tip no trade provision and if I violate he will prosecute me to the fullest extent of the law.
So, I will no longer give anyone here any information seeing as a chosen few have managed to kill the information chain with Robert and Harry.
Thank you all. Get your information somewhere else.
I hope hobdy forgets the governor!!! I am the only one who has showed the intrigue to see what is really going on.
As far as cytrxman, I have already received the scoop on you.
See everyone at the finish line. Please please all of you people, sell sell sell sell your shares. get out and go home. Go buy apple or ibm.
Leave this company alone, especially cytrxman and ride-to-nowhere. Everyone knows what a bag of hot air that you both are.
Go Away!!!!
everyone is forgetting that was the 2012 10k. A lot has happened from a year ago. Once we are fully reporting, I am told that Mr. Bagot will execute and a wave of pr's will emerge. Harry will only execute and disseminate when we are fully reporting.
I like that.
The only "classic" here is Ride to whatever. What ride failed to tell everyone is that G&A paid down 4.5 million in company liabilities and also took care of comp packages for the executives & the founders of the fuel concept back in 2005.
This was all laid out to me at the office and funny how Mr. Schwartz predicted what would be published once the 10k came out from the various posteres on the I-Hub. Ride seems to be the classic joke to Robert at the office.
And no he does not read the message boards. He hears about ride when the calls come in.
The governor thing. Well all I can say is this. He is a cool guy.
Bearbananas, wouldn't you like to know. I signed a NDA so if you want to know the details go to the office.
If not watch the Press releases starting to emerge over the next two months.
Dave Smith
2012 10-K Filed 12/17/2013 www.otcbb.com
Sub Document 1
Page 1: UNITED STATES
Page 2: FORM 10-K ANNUAL REPORT
Page 3: PART I
Page 4: History Progress of Business Plans/Operations
Page 5: G A Capital Agreement
Page 6: (cont'd)
Page 7: (cont'd)
Page 8: Major Officer/Director Changes
Page 9: Litigation
Page 10: Intellectual Property Rights
Page 11: We are delinquent in our tax filings.
Page 12: New Business
Page 13: Delays in the Introduction of Our Products
Page 14: Limited Market Due To Penny Stock
Page 15: Potential Inability of Officers to Devote Sufficient Time to the Operations of the Business
Page 16: of
Page 17: Holders
Page 18: Item 7. MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Page 19: Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Page 20: Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Page 21: (cont'd)
Page 22: (cont'd)
Page 23: (cont'd)
Page 24: (cont'd)
Page 25: (cont'd)
Page 26: US FUEL CORPORATION AND SUBSIDIARIES
Page 27: Collaborative Arrangement
Page 28: Income Taxes
Page 29: New Accounting Pronouncements
Page 30: NOTE 5 NOTE PAYABLE RELATED PARTY
Page 31: NOTE 9 NON-CONTROLLING INTEREST
Page 32: NOTE 10- ACCRUED EXECUTIVE COMPENSATION
Page 33: NOTE 13- INCOME TAXES
Page 34: NOTE 14 SUBSEQUENT EVENT
Page 35: Evaluation of and Report on Internal Control over Financial Reporting
Page 36: Harry Bagot
Page 37: Significant Employees
Page 38: Board Leadership Structure and the Board s Role in Risk Oversight.
Page 39: Grants of Plan-Based Awards
Page 40: Table II
Page 41: Item 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
Page 42: SIGNATURES
Sub Document 2
Page 1: (cont'd)
Sub Document 3
Page 1: CERTIFICATION OF CHIEF EXECUTIVE OFFICER
Sub Document 4
Page 1: CERTIFICATION OF CHIEF FINANCIAL OFFICER
Sub Document 5
Page 1: CERTIFICATION PURSUANT TO
Sub Document 6
Page 1: CERTIFICATION PURSUANT TO
I am no loser my friend and I am not asking you for more time. I told you what I observed and what I was told. I do not see you even taking an interest in finding out what is going on P7075467 or whatever your name code is.
I know more than you could imagine because I executed an NDA agreement, I will never violate that agreement. Sell your shares please and go away please.
Oopse, did I forget to tell you that the governor of KY was at the office today. Please sell your shares!!!!
Also, was Mr. Robert Schwartz, strategic consultant and his team
WOWWW... I just stopped by the office the office and what a group of people. Present today was Mr. Stanley Drinkwater chairman, Mr. Harry Bagot ceo, Mr. James Liggett auditor, Mr. Lou Taubman SEC filing attorney, Mr. David Shehan SEC attorney. What a group of people.
Anyway, as I stated the audit is complete but they have made the decision to file between 8am and 5pm tomorrow. They are awaiting the XBRL version from vintage filings and they do not think they will have it by close today. The XRBL is the version that the SEC requires. Once they have that they can submit to the SEC simultaneously with the version that goes to the public.
Oh they were working on completing the Q's. That means we will be fully reporting SHORTLY....
You are all Welcome....
You are correct. Harry Rob & Stanley do not give a hoot about what transpires on this board. What they do care about is the amount of phone calls that come in and the majority of the questions revolve around what is posted on a message board.
I can see how that would be overly annoying. Especially because if you knew definitive material information you would not post it on a public message board because then you would be subject to criminal prosecution.
As far as the IA debacle. I have to say that none of you have it right. That is all I am saying and I saw the evidence that showed why the buyout was never pursued. The no money thing is not accurate. It never got to that point.
David
Really Cytrxman. If you walked in the office, sign an NDA, I am sure you could get the same information. OK you got me, I should not have told you. Report me.
Get a life!!
P70795. While I appreciate your statement about the level of maturity. In my humble opinion, I do not believe either of them are impressed with the unsupported comments that fly around on a public message board with no basis.
Hello everyone. This is Dave, the one who is hiding now according to Joe.
So I have debated as to if I should tell anyone here what I have found out upon my visit today at the office.
My question is, who one this board deserves any information at all especially people like Joe.
I have decided to talk. The 2012 10-k filing is complete and they are deciding when to release tomorrow or Monday. Harry has the ultimate call but when I was talking with Robert, his comment is simple. It will be disseminated and if any of the idiots on the I-hub board, not all, feel they can do a better job Harry & Robert are more than willing to give up their chairs.
Any Takers??? I passed. No way do I want to deal with what they have to deal with and get criticism from insignificant people who mean nothing.
There you go. I am now going to run and hide like Joe says. If anyone wants their chairs, just call.
I just had breakfast with Robert & Harry. The 2012 10-k filing is ready to go. The only thing left is the conference call with the officers n the auditor. The CFO is occupied and they are waiting for him to be freed up. Following the 10-k filing the 12 Q's will be dissemenated.
In the words of our CEO, I will file when I am completely satisfied, PERIOD. Now that I am happy we will do the required SEC conference call and file. That is it. I am the one who makes the decisions not message board junkies. This company will file it's past obligations CORRECTLY and to my standards. If anyone has a problem with that, my chair is available for someone to take it. QUOTE END QUOTE
In response to Joe. I will continue to buy as my funds become available. My investing strategies are of no concern of yours or anyone else on this board.
If you want more information I suggest that you call or go to the office. BTW. If anyone on this board took the time to ASK the right question, you would know that the last K filing is completed and will be filed next week and the Q's, al twelve are being reviewed for filing.
So, when that happens and the stock POP's everyone here can get out and let the big boys take the stock where it needs to go.
Hope everyone has a great Thanksgiving. I am done here for now. Time to be with the family.
Well boys & girls I had my dinner with Robert. I do know that whatever I post it will be attacked. So what I am going to post is this. After a 6 hour dinner with Robert all I can say is WOW!! In my opinion we are in the right place and at the right time. Everything that has happened in the past is irrelevant. Everything that has happened has prepared us for what is about to happen tomorrow.
I am truly excited. I suggest that many others go and meet Harry, Rob and the rest of the team.
This company could become something HUGE, real fast.
God Bless & Good Luck to all,
Dave
Joe, I can do that. That is not a problem. Give me a day or two.
Jane, I do not need to explain any thoughts to you. I have already received the story on you and your ways.
Please do not address me again. I will post information that I can as it becomes available.
For the record here. I will not violate the NDA agreement that I signed. The only information that I will post is what I can without violating that agreement.
I would suggest if anyone is interested, go and visit the office.
Have a wonderful day.
As far as the office address. You without a doubt have the wrong address. It is a gray building across from Racks on the white horse pike. You can not miss it
Jane, Robert is a contracted consultant and a strategic advisor to the board & officers. As such, he is entitled to material information, that he is extremely careful in discussing.
Do you understand that.
Joecreg. I will relay your message to Mr. Schwartz at Dinner. I am sure he will have many comments for you, or maybe not.
Good Morning to everyone!! I stopped by the office yesterday and had a chance to sit down with Robert Schwartz. The first thing he did was remind me of the NDA that I executed some weeks ago and warned me of disseminating any information over the internet.
First let me tell you that on the wall was the BLUEPRINTS of site number one in KY with all of the Meets & Bounds required for construction. Looks like site number one will have 4 lines to it with the goal of 10 lines per sire. Each line will produce 1000BPD of synthetic diesel. The phase one study by SHAW was readily available. While I had no idea what I was looking at I have to assume that SHAW knows what they are doing.
Second, I have to say that Robert was extremely upbeat and confident in Harry as to be fully reporting shortly. As I was there Mr. Jim Liggett called and I had a chance to listen and even Mr. Liggett was excited about the filings being complete. Good Sign.
Third, contrary to individuals on this board 2 cents and 500 million shares is what people are complaining about. These guys are in this thing for the kill. Robert is looking at bucks. The funny thing is because he and everyone else are either insiders or affiliates, they CAN NOT SELL. 10-b-5 plans will have to be filed which is 1% per quarter, basically.
Fourth, Debbie, the office manager, and the others are awfully busy. As some people say here that nothing is happening. There is an awful lot of paperwork exchanging hands and the phones were ringing off the hook.
I thing some people may need to make a visit.
Have a great day. I am having dinner with Robert next week with my wife and his fiancée.
Email from Robert Schwartz via Harry Bagot. He said something would be emerging in the next few days...
10/30/13 Gas-to-Liquids Plants: No Longer Exclusive to Larger Players - Forbes
www.forbes.com/sites/peterdetwiler/2013/01/17/gas-to-liquids-plants-no-longer-exclusive-to-larger-players/print/ 1/3
ENERGY | 1/17/2013 @ 8:01AM | 15,888 views
Gas-to-Liquids Plants: No
Longer Exclusive to Larger
Players
(Source: Oxford Catalysts Group)
Recently, British Airways announced an agreement to purchase $500 million of jet fuel converted from landfill gas. It signed with a consortium of companies to create a conversion facility in the UK, utilizing the Fischer Tropsch (FT) technology to convert gas to liquid fuels. The technology is not new, dating back to the 1920s and was used by Germany in World War II as well as
South Africa during the apartheid era of isolation.
This gas-to-liquids (GTL) process is now more broadly entering the rest of the world. In Louisiana, Sasol is investing between $16 and 21 bn to create a sizable facility for conversion of natural gas to diesel fuel. Similarly, Shell has a project in the $18 to19 bn range in Qatar to exploit cheap natural gas, and is also exploring a potential project on the US Gulf Coast.
On a smaller scale, a number of companies are mobilizing to utilize the FT process to take advantage of more site-specific opportunities. Their goal is to create small-scale and modular GTL systems both on- and offshore to take advantage of a wide range of gas resources that are by themselves too small for larger multibillion GTL plants.
In particular, these companies plan to create GTL opportunities where gas byproduct from oil production is too far from pipelines and thus flared, and from smaller gas fields where scale has been a limiting factor. It has been estimated that less than 10% of the world’s gas fields are large enough to sustain a 10,000 barrels per day (bpd) GTL facility. But scaling production down to the 2,000 bpd range is estimated to open up 40% of the world’s gas fields to economic viability.
One of the companies most active in this area is UK-based Oxford Catalysts
Group. They are the ones bringing the Fischer Tropsch technology to the
Peter Kelly-Detwiler, Contributor
I cover the forces and innovations that shape our energy future.
10/30/13 Gas-to-Liquids Plants: No Longer Exclusive to Larger Players - Forbes
www.forbes.com/sites/peterdetwiler/2013/01/17/gas-to-liquids-plants-no-longer-exclusive-to-larger-players/print/ 2/3
British Airways deal. They are also aggressively pursuing natural gas plays. With15 years of experience and $300 million in investments by partners such as BP, Chevron, Petrobras, and – most recently – Roman Abramovich, Russian billionaire and Chelsea Football club owner, investing £5m for a 3.5% stake Oxford is pursuing a strategy to enter the market with modular plants that can convert gas in the 1,000 to 15,000 pbd range.
According to CEO Roy Lipski, these plants cost about $100,000 for every b/d capacity, so a 1,000 barrel/day unit would cost roughly$100 mn. These economics work if the delta in price between petroleum and natural gas continues. With gas at $4 per mmBtuLipski notes that you can produce a barrel of finished diesel product for $66.
Oxford’s US-based subsidiary in Columbus, Ohio – Velocys – has been established to address numerous perceived opportunities on the continent. Given the number of shale plays, the delta between natural gas and oil, and proximity to consumer markets, they may find a profitable niche in this space.
The conversion of gas to liquids is not a simple process. Oxford/Velocys markets three products in the US: the FT reactor, a steam methane reformer, and a hydrocracking process. These are protected by a total of 800+ patents. The simplified process is as follows:
1) Conversion of methane into carbon monoxide, carbon dioxide, and hydrogen through the steam methane reforming process (and removing the carbon dioxide) to produce syngas.
2) Reacting the syngas in the FT reactor to create what are known as long chain hydrocarbons.
3) Conversion of these hydrocarbons into diesel, naptha, and ‘waxy bottoms,’ which may be further converted to additional diesel and naptha.
The first of Oxford’s smaller GTL plants may spring up as early as 2014 at the Calumet Specialty Product Partners site in Karns, PA. Calumet has announced that it selected Velocys to develop a 1,000 bpd capability that will allow Calumet to lower its raw material costs in producing its traditionally petroleum-based products (think motor oils, WD40, Turtle Wax, Vaseline and the like).
Calumet would come up with the majority of project funding, with partners providing the remainder. ?A final decision is expected in the first half of the year.? This business approach is standard for Oxford/Velocys. They provide the technology and licensing, while their suppliers source the physical plants. According to Lipski, this approach lets them “scale-up the business with limited investments…since cash requirements from our suppliers are matched with payments from our customers.”
Oxford/Velocys has also been selected by Sierra Energy (“Sierra”) for a $5 mn California Energy Commission (“CEC”) funded waste gasification demonstration plant to produce diesel fuel. It is projected to yield 25-100 barrels per day, by mid to late 2013. If successful, it is expected to serve as a template for a larger roll-out by Sierra. Biomass, waste gasification, and coal conversion projects may ultimately have commercial potential, but Lipski commented that “most of these projects will be longer term development efforts because these projects are more complex due to additional processing steps.”
10/30/13 Gas-to-Liquids Plants: No Longer Exclusive to Larger Players - Forbes
www.forbes.com/sites/peterdetwiler/2013/01/17/gas-to-liquids-plants-no-longer-exclusive-to-larger-players/print/ 3/3
This article is available online at: http://www.forbes.com/sites/peterdetwiler/2013/01/17/gas-to-liquids-plants-no-longer-exclusive-to-larger-players/
Oxford is not the only player in the small GTL realm focused on flare gas and stranded fields. Perhaps the most formidable competitor is Compact GTL. This UK-based company is focused largely on addressing the problem of what to do with associated gas resulting from oil development that would otherwise be flared or reinjected. Their goal is to capture and process the gas, mixing the end product with the petroleum extracted from the same field. To date they have successfully demonstrated and operated – for nearly two years - a $45 mn GTL plant in coordination with Petrobras. Compact GTL is also doing client-funded work for a number of major oil companies in Russia and the former Soviet Union to utilize natural gas at a rate of up to 100 mcf/day.
Longer-term, as the technology matures, we can expect to see more GTL plants pop up, particularly the smaller ones costing in the hundreds of millions rather than tens of billions. Just how successful this technological approach will become remains to be seen. However, Oxford Catalysts’ Lipski estimates sufficient economic feedstock around the world to make 25 mn bpd – nearly as much fuel as Opec produces.
Lipski noted in an email exchange “Our ambition is to enable a new segment within the energy industry. We have made great progress in the past two years and we see two primary inflection points on our path. The first is securing the investment commitment for the initial GTL facilities. The second is achieving the successful start-up of a facility and having a commercial reference plant.“
Considering the opportunities to treat gas that would otherwise be flared, to unlock otherwise uneconomic shale and conventional gas fields, and increasing opportunities for biomass, waste and coal conversion, small-scale GTL may well have a significant niche to fill in our emerging energy picture.
Gentleman, I had dinner with Mr. Schwartz last night and boy what a night. I promised that I would not divulge any information to anyone that is not under a NDA or on a public message board. I decided this morning to at the very least, relay my thoughts and feelings.
First, Harry Bagot is beyond the real deal. Robert spent a solid hour telling me about Harry's past accomplishments and what his plans are for the company short & long term. I can tell you that I believe that Harry will take this company to unbelievable heights on his terms and his way. The plan is unfolding right now and as soon as the filings are all out and US fuel is fully reporting, then and only then will the company's developments be fully executed and then disseminated to the shareholders.
There are new employees waiting to come on board who are much much much more qualified then anyone from before. Real GTL engineers with 30 years experience. Harry has pre-assembled an unbelievable team that is waiting for one thing. The filings to be completed.
Jim liggett and Taubmann are working feverishly to complete the tasks at hand which obviously is the completeion of the filings PROPERLY. Harry will settle for no less than 100% transparency and accuracy.
As far as Robert, well I do not know why you all complain about him. He is an extremely integrious individual and transparent. He is probably the smartest financial person that I have ever met. As a matter of fact. He gave me two stock suggestions from a couple of weeks ago that are now up almost 75%. Not bad. I put some 401 cash in to see what would happen and Bamm, two hits. Also, he reworked my entire retirement for me and hooked me up with a certain man named Paul, now I am locked in at 7.5% growth and getting a few roll overs for 20-30%.
Gotta go. Right people, right team, and all they care about is the shareholders. I for one will be liquidating other crap that I have to continue to buy up USFF.
One more thing, BIG BIG suprises coming out of Kentucky. Remember I did dign a NDA agreement so I have to be careful. Anyone here can do the same thing.
David
Gentleman, I have been traveling for work. Will not be back for 2 more weeks. Have nothing to report because I am not around. Stock looks much better. Seems to have firmed up. Keep me abreast of any developments.
I did call the office the other day and talked to Debbie and then Rob for a bit. He is very upbeat and basically said the clock is ticking and the filings will all be out.
Have a great day.
Good Morning all. The dinner with Robert Schwartz did not happen. It was not because of him, my wife has been sick and I could not leave her.
Anyway, I did have a conversation on Friday and it seems that we are very close to be fully reporting. Harry has to approve the 2012 10-k and then the Q's will immediately follow.
As far as they are my buddies. The only one I am real friends with is Harry. The others I just met.
Nimbustuk I see your point BUT to really know the true intentions of people it seems to me that it is important to know their character and their emotional side. Eotions dictate much of a person's activity. All individuals are emotionally driven for this company. That to me is a winner. This is of course all my opinion.
Like I said before everyone should set up a meeting.
Let me try to answer your questions..
I was under the impression that Mr. Drinkwater was general counsel and a friend of Mr. Schwartz's. I am not sure he was a founder?
Mr. Drinkwater is a friend of Robert's but he is the chairman of the board at this point in time. He use to advise as councel but from some date in 2010 he became chairman.
You mentioned Rob and Denise's shares were restricted I was under the impression that they had common shares?
They are common stock shares but the restrictions were never removed from their certificates.
I think back then when they got their shares an 8k would have been required based on the overall shares issued at the time.
Do you or perhaps anyone remember seeing an 8k on the ownership?
First of all it would not be an 8K but rather a form 5. They are not required to state ownership because they shares that they have all of the votes would be proxied over to the board of directors thereby by giving them zero control & zero influence in any board decisions.
Dave any further information you can share would always be helpful for everyone.
I am having dinner with Mr. Schwartz tonight or tomorrow night. I have been advised that conversations will be limited to what is in the public but after I sign a non-disclosure & a no-tip no-trade agreement he can elaborate on information that is already public.
When I stopped by the other day I can tell you that the office conference room was packed solid and I mean solid with SUITS and was told that everyone is currently occupied.
Gentleman, I am glad to see we are much more positive. Just so everyone is aware, I have worked with Harry before and he is the most focused & ethical man I have ever done business with. He has not an evil bone in his body and prides himself on being so honest.
All of what I am saying is about Harry can partially be read on the internet. GOOGLE..
Also, the accomplishments that he has with Habitat for Humanity is incredible. He has done do much for that organization that he almost walks on water. The most important aspect is that he does things his way to an extreme high standard that most people could only dream about and rarely can achieve. Harry is at that extreme standard and then some.
Go and visit the office, everyone will be impressed. Even Doc. Shiraz had a visit for several hours.
Stan Drinkwater is the man. This guy sits back and takes it all in and then talks as if he is miles ahead of you already. He and Harry have known each other for over 25 years.
And Robert Schwartz. Well I know that no one here likes him, But in my opinion he is the most brilliant individual within the understanding of financing and the publically traded sector. He has had over 5 million dollars stolen from him and he has managed to land on his feet. The paperwork from the dept of justice only allowed for a 900,000+ writeoff vs. the actual loss of over 5 million dollars. Some stock that he owned on the open market was NSOL and a few other equities. Amazing!! I saw the paperwork and the guy who did it to him is in jail for 13 years. "Michael Spillian" from Columbus Ohio. Do a Google. I would not want to be on his bad side. HE IS STILL HERE AND GOING NO WHERE..
He and Denise have every share from years & years ago that was issued to them. Amazing!!!
Writing is on the wall. Let's give them a little more time, they deserve it. If Harry has it his way the quality of our reporting will be to the standard of a nasdaq company.
I am having dinner with Robert this week. I need some advice from him on my retirement funds and he said that he would make some suggestions, so I am going to listen. He knows things about ultra safe high-yield returns that is mind boggling to me.
Have a wonderful day USFF. My advice. Check it out for yourself.
To answer that question, I have averaged down. The bulk of my shares are above .10 If I had more liquid cash I would and plan to buy more once I can sell off some of my other equity holdings.
As long as Harry is at the wheel In My opinion, this cant lose. Harry is the most focused individual that I have ever known. Just as how he pulled off the fort dixx base he will do this. In reality fort dixx was much much more challenging to complete.
Also, I do not think people know the security clearance levels that you must possess to be even allowed to attempt what Harry successfully completed at Fort Dixx.
In the office there was mountains and mountains of paperwork everywhere that when I saw them I was WOW!!!! The conference room where they do the majority of the work was filled with audit papers with dates from everywhere on stickies all laid out for auditing review & confirmation. Extremely well organized. When I asked is all of this necessary the response was no, BUT we require it as a management team if we are going to be successful on a national exchange. We just don't want to be on one we want to be successful.
I suggest everyone take a trip. It would definitely be worth it.
BTW one more interesting subject.
IMPORTANT... I asked this question directly to Robert Schwartz. Your name is trashed all the time on a message board, you and Denise Barbato. Have you or have you not sold any or all of your shares???
For the RECORD. Black is black & white is white. Robert produced his share certificates totaling 12,200,000 "RESTRICTED" & he produced the stock ledger from Holladay stock for Denise showing 12,200,000 shares "RESTRICTED". (50/50) and contrary to popular belief they are in the process of peaceful and friendly divorce from 5 years ago with a beautiful daughter. My hat is off to him. His statement word for word... I am all in just like Harry, Stan, Bill, Frisco and all of the other big shareholders. We will prevail even in this difficult period but we will be fully reporting to the levels mandated by the CEO.
From what I understand Mr. Drinkwater was one of the founders of the fuel concept years ago, 2005. He was supposto receive 25%. He choose to take less and more important than that, the company did not give him any shares. His shares and all of the executives were tendered by the funder. The actual funder G&A Capital satisfied all of the executive compensation due out of their own pockets. G&A also absorbed almost 6mm in debt and that will be appearing on the next 10-k to be filed for 2012. G&A did something that no other funding vehicle would ever do. Because of that the ceo, Stan, etc took less because of the faith that the funder has in Harry Bagot.
While it is unfortunate for the delay I believe that it will be MORE beneficial to have the filings all done to Harry's standard.
They are paying big big money to do these filings correctly to an extreme high standard. The money is coming out of their personal pockets.
Everyone is in for the big pay day...
My current holdings are slightly over 1MM shares at an average price of $.106 / share
One More important item. Harry is an extremely intelligent individual. He is very calculated in stating that no developments will be executed and then ultimately disseminated to the investors until after the filings are completed to his standard.
WHY? Simple. Will the investors have much more favorable stock appreciation on the pink sheets or on a national exchange where everyone can invest in the company's stock.
He is correct and I am in his court. BTW everyone should see the office, the plant designs on the walls, the civil engineering and the huge phase one report from Shaw group. Extremely impressive.
David
I am new to the board so please bear with my lack of protocol as it pertains to proper responses and posting. I just completed a meeting with Mr. Harry Bagot at the office in Atco, NJ along with the chairman Stanley Drinkwater who was there but in a meeting. I have known Harry for many years and when I found out that he was the CEO of this company I went all in. I remember the days of Harry building Fort Dixx which was an almost insurmountable task. Harry did it though. He was the most incredible developer that we have ever seen down to the point that he prebought electric & gas as to save money long term. Final housing costs came in 32.5% below budget. Goldman Sacks who did the underwritng of the bonds still praises Harry till this day.
Now to the point of my post. US Fuel Corporation is moving forward in such a manner that all of the proper reports that need to be filed will be down with the quality & accuracy that a Goldman Sacks would demand. Harry is not wavering from this stance!!!! It could be done faster but Harry's answer is NO WAY... The filings both now and in the future will be to the standard that I set forth at Fort Dixx, there will be no exceptions. Once we are fully reporting and he stated we will be fully reporting & back on the OTC Bulletin Board we will begin to execute and disseminate the information that the investors are hungry for. Before that happens we must be fully reporting and there will be no exceptions.
I applaud Harry for taking such a stance. He said we will be fully reporting, we will be successful and companies like Goldman Sacks will take notice to us.
The pain is unfortunate BUT I believe that from my conversations with Harry & Stan and talking to the support staff & Robert Schwartz, at the office US Fuel will be a success but it will be done correctly and with the pride that all of the investors will be proud of.
Good Luck & God Bless,
David