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there are probably various building/operating permits involved, to which Machado was referring. JR is probably talking specifically about EPA/emissions permits. Permits is a very broad category.
yes, must be nice to be above the law
Immense ice shelf breaks off in Canadian Arctic: researchers
http://news.yahoo.com/s/afp/20061229/wl_canada_afp/canadaarctic
interesting, lots of "he said she said" going on. Wonder who is right?
closed at 0.23 on 513926 shares traded
what is your source? or is that speculation?
poundwise, where is the post you said was going to make investors nervous?
yes, noticed that Dinosaur. It also states as fact
Alcar Chemicals
USSEC acquired a controlling interest in Alcar Chemicals Group Inc. in December 2006.
I thought they only had an MOU yet to be finalized?
interesting, under investor relations, current stock information (I think provided by alphatrade), it lists shares outstanding as 94M and market cap as 18M. I guess they aren't including the restricted shares in the counts.
nice job bkitchman on the website, looks much better
nice
We expect to begin generating 40 megawatts of power for the city of Vidalia, Louisiana, by the second quarter of 2007. Our research and development facility in Port Gibson, Mississippi, is a fully functioning manufacturing plant.
great post JKN, you've explained the reasons that USSE will succeed as a profitable venture (assuming all goes according to plan).
that answers the restriction question, the shares will be restricted, but don't know yet for how long.
I believe that "Will not be quoted ex" means they won't quote the stock on an ex-dividend basis until after the dividend has been paid.
According to exdividend.com:
When large or valuable cash or stock dividends (usually 20% or more), or a dividend "not in kind" (i.e., a distribution of securities of another issuer), or a split-up is declared, it is the policy to postpone the "ex-dividend" or "ex-distribution" date until the dividend has been paid. The reason for this is so that the stock is not quoted at the substantially lower "ex-dividend" or "ex-distribution" price until the distribution is received by shareholders. If this were not the case, the collateral value of the stock would be reduced between the "ex" date and payment date, and the shareholder might be required to provide additional collateral.
rebellad is full of misinformation. quite entertaining how he/she comes up with some of the ridiculous statements.
I answered eelfland's question and have yet to get a response
I can understand ex-SLJB investors having a critical eye. What happened there emphasizes the importance for USSE to file financials and get off pinks ASAP.
your posts are contradictory, why did you purchase shares to begin with? and if you think it's headed straight down, why do you continue to hold them?
eelfland, could you possibly elaborate a bit before you shuffle off into the ether and say we're all doomed?
for example, you stated that "conservation of mass" prevents you from believing in the USSE process.
An average bushel of soybeans weighs about 60 pounds. 5 gallons of biofuel will likely weigh between 30 and 40 pounds, which leaves 20-30 pounds of other matter left over (fertilizer, gas, and other byproducts). Where is conservation of mass violated?
lastly, I don't think that charts of other companies can provide reliable predictions for this or any other new company.
geeps, how reliable is that info?
regarding "who cares since they are going to be restricted for a year or so"
I don't see any mention of "restricted" shares in the press release.
U.S. Sustainable Energy Corp. Announces Update on Distribution of Sustainable Power Corp. Dividend
Tuesday December 5, 10:20 am ET
Company to Offer Green Power at Substantial Discounts
NATCHEZ, MS--(MARKET WIRE)--Dec 5, 2006 -- U.S. Sustainable Energy Corp. (Other OTC:USSE.PK - News) announced today that it has requested a beneficial stockholder ownership list at the close of business Friday Dec. 1st, 2006. All owners of USSE stock as of Friday Dec 1st, 2006 will automatically be issued on a one-for-one basis one share of USSE's subsidiary company Sustainable Power Corp. (SPC) USSE has been exploring the numerous various vehicles available to make this distribution as well as regulatory filings needed to register the common shares that will be distributed to the stockholders. USSE will be updating shareholders, brokerage firms, and related entities that hold USSE shares on or about Wednesday January 3, 2007 as to the newly available trading symbol for Sustainable Power Corp., the assigned transfer agent, and other related information pertinent to this issuance.
John Rivera, CEO of USSE, stated, "Sustainable Power Corp. was established earlier this year as a wholly owned subsidiary focused on Green Power generated from the recycled biomass and biofuel waste products from USSE's organic 7-3-7 fertilizer production. We are able to offer Green Power electricity to customers at rates at least 10% less than current market. USSE forecasts an exponential growth in demand for Green Power over the coming years, and maintains the competitive edge of being able to produce extremely low-priced Green Power on demand. Fueling this surging demand for our Green Power is the Resource Conservation and Recovery Act in the US and the Kyoto protocol for the rest of the world. (http://www.eia.doe.gov/oiaf/kyoto/execsum.html)
As previously announced, Mr. Kelmer R. Smith has been appointed as President of Sustainable Power Corp. Mr. Smith formerly served as President of Mississippi operations for IC Thomasson Associates, Inc. (ICT) www.icthomasson.com. Mr. Smith will manage design and construction of future USSEC production and SPC power plants. Mr. Smith is a professional engineer licensed in five states, a Certified Energy Manager (CEM) and Certified Energy Procurement (CEP) Professional. He has over 22 years of diversified engineering and project management experience in the petrochemical, power generation and consulting engineer industries.
About U.S. Sustainable Energy
USSEC holds patent pending technology for a new breakthrough biofuel and carbon based fertilizer. USSEC has successfully demonstrated the most cost effective method of producing biofuel estimated at $.50/gallon according to exhaustive studies and independent Lab confirmation. The company has developed the process, units and catalyst that will transform agricultural biomass into biofuel and fertilizer. This technology offers a solution for foreign oil dependence, balancing industrial and agricultural concerns with environmental issues and stabilizing and eventually reversing global greenhouse gas emissions. USSEC's research and development has successfully demonstrated the core technology in its fully functional facility located in Port Gibson, MS. The company is currently pursuing fully scalable implementation and deployment at further locations. Unlike other biomass gasification, the USSEC process can operate at a variety of scale, converting even waste biomass into fuel and fertilizer. The fuel produced will ultimately be more valuable than ethanol or methanol, and the USSEC process can convert biomass materials at an efficiency that cannot be matched by currently planned operations. In addition, unlike virtually all other approaches for biomass to energy, which deplete soil nutrients, the USSEC process restores and enhances soil mineral and carbon content. As a direct result of this revolutionary approach to integrated energy and fertilizer production from biomass, the USSEC process effectively removes Greenhouse Gases from the atmosphere, and can do so profitably before the value of Green Certificates and Carbon Credits are considered.
I believe that is possible, which is why some companies RM into a fully reporting compliant shell instead of a pink shell. Some shells keep up with their filings to be a more attractive takeover target for an RM.
poundwise, where is that post?
don't say revenues in 8-10 weeks if it's uncertain
welcome to televangelicahub
strange that 2 months after the demo still no news about hiring an auditor and submitting filings. is there a delay?
I have a funny feeling that LEPA is going to try to throw a monkey wrench into this plan.
larice,
Happy Chanukah to you and your family
what is your source?
thanks JKN. Isn't EFTI a Stanton company? how could there be issues if JR and JS still closely in business together?
what was the deleted message you just replied to? very annoying the amount of deletions going on here.
or he could have just guessed like any one of us and happen to be right.
he may not work for either USSE or Redwood. Maybe he just knows someone, or works for a related company, or lives nearby. There are many scenarios. Saying there is only 1 conclusion is simply wrong.
wasn't that what IHDR was posting before he got banned?
funny how history repeats itself.
2 months later will be lucky to close above 17 cents.
Posted by: larice
In reply to: None Date:10/13/2006 3:50:58 PM
Post #of 15565
how about a close at 17 cents,...will run like fire after 15
bad news from another message board
By: sparnell.com
19 Dec 2006, 12:32 AM EST
Msg. 3428 of 3430
Jump to msg. #
I was listening to supertalk today.. supertalkms*com usse was in the news.. it was stated that usse wanted to start on two plants but the epa didn't want to give the go ahead. anyone here this @ 12:00 today? whats up with this?
I don't think we'll see any serious buying of USSE until the dividend is issued. Until then too much uncertainty about how the revenue will be divided between the companies and the relative value of USSE vs USSP (or whatever the symbol ends up being).
purchasing pinksheet stock on credit card? there's a good financial planning strategy LOL
correct, the CYBR deal fell thru because the shares were de-registered and could no longer trade, and the bankruptcy hearings were continually delayed. the GRLY deal fell thru because both companies felt in best interest for USSE to remain a pure play company (GRLY is involved in entertainment, gambling, etc). GRLY CEO expressed his confidence in USSE on a conference call after the decision to not merge was made.
I agree, conference call would be good idea.
Redwood doesn't seem up to the task though.
how do you know there will be sale of 25M shares in Q107?