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that is simply not true. catalysts can achieve a more efficient reaction. do some research before posting idiotic statements please.
paperprophet, your question was already answered, shut up
veritas, I think you posted that you have 25M shares, is that correct?
did you acquire those pre-split or post-split? as a 5%+ holder, you must have a good deal of influence with management.
if the merger closes it will be
640 million shares USSE x 1.3 = 832 million shares
plus
95 million shares ONYI outstanding today
for a total of
927 million shares ONYI post merger
I think ONYI needs to raise authorized shares before they can complete this deal.
exactly,
JMCP continues, without any of the assets it transferred over to ONYI
ONYI continues, with up to 1 billion shares outstanding
USSE disappears, and all USSE holders end up with 1.3 ONYI shares per USSE share
USSE holders as of Dec 1 get 1 share in the USSE power company per every 1 USSE share held as of Dec 1.
If all pans out, both the former JMCP holders, ONYI holders, and USSE holders will all hold shares in a valuable new entity.
when the dust settles everyone owns ONYI shares.
current ONYI holders will still hold their ONYI shares.
current USSE holders will no longer have USSE shares but instead have 1.3 ONYI shares for every 1 USSE share.
all assumes the deal goes thru.
it's too late to get the USSE Power company dividend (1 share for every 1 USSE share owned as of Dec 1), but not too late to purchase USSE to get the ONYI shares when/if the deal goes thru.
we don't yet know what the symbol of the new USSE power company will be. I'm guessing it will be an OTC shell company.
veritas, how serious do you think the company is about submitting filings and applying for the OTC?
you would get the ONYI shares on the day the USSE shares are converted to ONYI at 1.3 for every 1, which is why USSE shares should start trading higher than ONYI shares as the deal gets closer to being finalized.
quite humorous after all of the lecturing and castigating of "negative" posters. wonder if you will now hang around as a basher?
The_Bull, yes
if you have 10,000 USSE shares today, after this deal is done you will have 13,000 ONYI shares and no USSE shares.
the ONYI shares shouldn't be restricted. the restricted USSE shares will almost certain be counted and there will be 1.3 ONYI shares issued for the 500M USSE restricted shares. The PRs practically tell us that with the reference to the 1 billion shares outstanding after the merger is done.
USSE holders will own about 84% of the new company, ONYI holders will own the rest.
after the merger, everyone owns ONYI shares.
the restricted shares will likely get the 1.3 shares in ONYI for every 1 USSE. it wouldn't make any sense not to.
for USSE holders, this is like a forward split.
for ONYI holders, yes this is massive dilution, but they will own shares in a much more valuable company.
yes, the price should come down with more shares outstanding, but since we each have more shares our total equity stays the same.
geeps
right, but we are getting them, they aren't getting floated on the open market. dilution is when the company issues more shares on the open market. but in this case USSE shareholders are getting the shares. It's like a stock split.
shouldn't 5W be doing this? I hope USSE isn't paying them much.
it must have something to do with Diversified Ethanol's microwave technology for cold drying the feedstock.
geeps, I wouldn't call it 30% dilution
the vast majority of the extra shares are going to current USSE holders, so in effect it is more like a forward stock split. USSE holders will end up with 30% more shares than they had before the merger.
I'm not so sure SIRI is a good example
http://finance.yahoo.com/q/bc?s=SIRI&t=5y&l=on&z=m&q=l&c=
you have it backwards IMO
USSE should eventually trade higher than ONYI at 1.3 ratio
a little confused
After long work and negotiations we did enter a MOU with USSE outlining a merger/acquisition of 60% of ACMG by USSE in which we mutually agreed on a pps evaluation of $2
how does ACMG justify a $2 valuation when it's stock is trading at 3 cents? maybe that's killing the deal? why should USSE pay so much? they could purchase on the open market for a lot less.
dh_200 I believe it does still qualify
Diversified Ethanol President Taylor Moffitt said, "It's been very encouraging to us to talk with customers. Most ethanol plants today are on a long waiting list -- measured in years, but we have already moved from ideas to blueprints to the final assembly phase in less than two months. We are now typing up purchase contracts to send out to 4 interested parties who have verbally stated that they would like to purchase ethanol plants from Diversified Ethanol. With our recent acquisition of Eagle Installation, we have the capabilities to manufacture all four at once, within a period of months, if necessary. The plants are all the same 500,000-gallon design, featuring many off-the-shelf components to keep costs down. In the future, we will be ready to adapt the design to run on switchgrass or food waste. Already now, our design has a nutritious, edible by-product, is drought-proof, zero-waste, clean, and cheap. As long as people drive cars, Ethanol will continue to be in-demand."
Diversified Ethanol's Cold Microwave Technology Could Be Used by Every Ethanol Plant in America
CHICAGO, Sep 06, 2006 (BUSINESS WIRE) -- Diversified Ethanol a division of James Monroe Capital Corporation (Pink Sheets: JMCP) has successfully used cheap, ultrasonic energy to break down corn--cold, which can result in ethanol plants using 20% less corn to get the same amount of sugars, and continues patent process, and refined processes with engineering companies who have patents on special new high-power ultrasonic devices.
Diversified Ethanol's Taylor Moffitt said, "When the Ethanol shortfall widened in June, with Brazil ethanol imports rising up to $3.97, we knew this was the right time to introduce new technology, which can revolutionize the ethanol industry. As plants try to keep up with the blending demands for ethanol with MTBE being dropped, a 20% increase in production can mean a big increase in profit margins, since no more feedstock is needed at all. In The "Cold Microwave" process, the state-of-the-art ethanol plant pre-cooks the corn mash using our low-energy ultrasonic "cold microwave," and then when it is cooked it can have more valuable sugars released for making fuel."
The company's concept uses multiple patents, and is intended to be sold as a retrofit for every ethanol plant wishing to run at higher efficiency & profit margins. Diversified Ethanol's ultrasonic device is cheap to operate, but very powerful. Though the company will charge a lot to provide the device, it will be very affordable in light of how much money it can save ethanol plants across America.
When a mixture of corn and water is placed in front of a piezoelectric driver, the corn "cooks" in seconds, but is still cold afterwards. This pre-cooking is very cheap compared to the energy required to heat the corn, and breaks-up the corn on a molecular level. Ultrasonic energy can vaporize water, or hard-boil an egg, and now it can make money by making fuel more efficiently.
Moffitt said, "This new technology could serve as bonus income for Diversified Ethanol. If we can bring this new technology to market, we will have added income and stability to our business plan of building our own ethanol plants, and manufacturing plants for others as well. We have had a lot of building and excitement lately, especially with the last merger, but this company is geared more towards long-term growth. We are in this for the long haul."
Parties interested in licensing or having their plants retro-fitted with the new technology should have their design engineer call Diversified Ethanol at 515-603-6399.
I'm not sure if the calculation is right
I think the USSE and ONYI prices have to change until USSE price is 1.3 times that of ONYI.
Let's call the new company symbol COMBO
if you want 1 share of COMBO, you can buy 1 share of ONYI, or .77 shares of USSE. If you buy 1 share of USSE, you will get 1.3 shares of COMBO, so USSE shares should cost more than ONYI shares.
for example, if ONYI trades at 50 cents, USSE should trade at 1.3(50) = 65 cents. Since we don't know the value of COMBO, there's no way of knowing what USSE or ONYI should trade at today. If we take the recent PR's as a guide, then COMBO should trade at $12 per share. That means that ONYI should trade at $12.00 (since 1 ONYI = 1 COMBO) and USSE should trade at $15.60 (since 1 USSE = 1.3 COMBO).
true, both stocks are like currencies for purchasing the new combined entity. 1 share of ONYI gets you 1 share of the new company, and 1 share of USSE gets you 1.3 shares of the new company. so as of today's closing, you have a choice:
option 1 - purchase 1 share of ONYI for 75 cents and get 1 share of the new company
option 2 - purchase 1 share of USSE for 38 cents and get 1.3 shares of the new company
I think I'll take option 2.
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or USSE shares will rise significantly, or some combination of USSE and ONYI up/down to reach the 1.3 USSE to ONYI ratio.
why would you buy ONYI at 59 cents when you can buy USSE at 36 cents and then get 1.3 shares of ONYI after the merger?
ok, it's clearer now. USSE is being acquired by ONYI. What is funny is that ONYI trades higher than USSE (today) but USSE holders get more than 1 share of ONYI per USSE, so USSE stock is more valuable than ONYI. As the date draws near ONYI and USSE should start trading at a 1.3 ratio (USSE 30% higher than ONYI).
Results of the combo?
1) USSE merges with an OTC BB company (better than pinks).
2) Combined shares outstanding of 900M-1 billion
3) USSE holders as of Dec 1 still get SPC dividend
4) USSE provides ONYI's ethanol plants with cheaper electricity via it's SPC power company
5) SPC gets a guaranteed customer (ONYI ethanol plants) for it's biofuel
6) USSE technology improves ONYI's ethanol process and makes it less costly
7) ACMG's role, if any? remains to be seen
8) USSE shares go away, all current USSE holders have 1.3 ONYI shares per 1 USSE share
Ok, who's next?
split, that's from 3 weeks ago, not very old. curious timing, and given the Stanton/Rivera relationship and EFTI's interest in biofuels along with past plan to combine the 2 companies, you never know what's in store.
and in a twist of events
EarthFirst Technologies, Inc. Cancels Plan to Reverse Stock
http://biz.yahoo.com/bw/061215/20061215005372.html?.v=1
is EFTI the target for the USSE power company?
geeps, from old press release, look under EFTI news
http://dev.stockhouse.com/news/news.asp?newsid=3533405&tick=
well, I don't think it worked, because the price is now 0.0025, which pre-split is equivalent of 2.5 cents.
if the company is serious about investor support, why hasn't it filed?
yes, but why squander so many (hundreds of millions) of the authorized shares on a forward split? I don't see liquidity as an issue.
did this fund the Natchez facility purchase?
U.S. Sustainable Energy Corporation ("the Company") has received an inducement into tax-exempt Industrial Revenue Bond (IRB) Gulf Opportunity Zone financing in the amount of $50 million under the Rural Economic Development Finance Program in the Port of Natchez, Adams County, Mississippi.
geeps, that would help to clarify the situation. after some digging, not overly impressed with ONYI and think there are better partners out there for USSE.
interesting that USSE did not PR the MOU with ONYI, and did not comment in the ONYI PR.
Maybe ONYI jumped the gun?
interesting, westeffer may no longer think USSE is best pick
http://www.investorshub.com/boards/read_msg.asp?message_id=15774161
still seems extremely unusual to forward split a stock already trading under $1 to where it trades at subpenny. that can't be in anyone's interest. it certainly won't get on any serious investors' radar screens.
sorry to say, if you don't own the stock, you may not get the dividend. don't count your chickens before they're hatched.