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Re: Pesco
I knew I saw Pesco involved with USSE somehow. They have had a relationship in the past. With USSE developing Two New Fuels to Service the Evolving $15-Billion U.S. E-Diesel Market, and "GREEN" Consumer Products for Automotive and House & Garden Markets, it makes snese that the 2 companies are working together again.
http://www.ussec.us/content/resources/pesco_ussec_070103_ltr.pdf
From SI:
"Concurrently, if you did your DD on Kelmer Smith, ME, PE and you do a re-run on Luke Staengl and Pesco in VA, you find a whole lot of Process Industry Horsepower on the USSEC team. http://www.pescova.com/ I know of Luke Staengl from engineering work I've done for numerous clients along the East Coast from GA up through VA. The man and his company build good systems; he's a definite Pro. He was actually an owner-builder of several Ethanol plants that supplied blend to Racetrack and other gas station chains where I usually went to get the best prices on Gasahol out that way".
http://www.siliconinvestor.com/readmsg.aspx?msgid=23249599
http://www.pescova.com/
Re: RB
RagingBull Stock Message Board
http://ragingbull.quote.com/mboard/boards.cgi?board=USSE&read=7268
Pesco?
Seems like I have seen this Company here before. Does anyone know? Is USSE working with Pesco to refine and develop Additives/or Fuels?
http://www.pescova.com/
2 interesting posts from RB:
By: k-link
17 May 2007, 11:08 PM EDT
Msg. 7231 of 7273
(This msg. is a reply to 7214 by Fairwayiron.)
Fairwayiron, that is a good article and relates to the stated primary use in turbines.
Since it was the un-fractioned bio-oil (apparently) and had the high water content that JR's reportedly does not, it was not surprising that there were higher HC and CO emissions. The more troublesome aspect was the residues on the CC and turbine blades after such a short test.
I don't doubt that operating properly "tuned" to a more refined cut of JR juice can get acceptable emission numbers. The residues will haunt you if the JR juice makes them too. It won't matter what type of IC engine you use, turbine, diesel, or "gasoline". If it makes deposits it will cost maintenance money and/or shorten life span of the engine.
Getting some detailed long term test data out will be as important as real production capacity when it comes to getting contracts, IMO.
Bubba popping a wheelie aint gonna cut it when you're trying to get a customer to burn it in a gen that costs $100K or more.
By: paperisaliar
18 May 2007, 07:58 AM EDT
Msg. 7234 of 7273
(This msg. is a reply to 7231 by k-link)
For once K-link you are making sense. USSE's biofuel has the least water content of all the 'bio-oils' on the market.
At the moment, they are still designing all phases of the fuel for different areas of market, I know some "mixtures" they are already satisified with and will bring right to the market, while other phases are planned by refining more, I think they have hired Pesco to do some refining.
Their plans:
Fuel Additive Biodiesel
Fuel Additive Gasoiline
Biofuel 100%
Refined biofuel
Biofuel 50/50%
E-Diesel biofuel
Oil additives
DR. Zuckerman/JR/Pesco will bring all these into the market.
Ms. Pineda's Shares
Does that take to mean that the future of PLRO is in the willingness of Ms. Pineda to convert her North TEch Stocks to PLRO warrants? If so, what does that tell you of the future of PLRO? Just curious to know the significance.
No, not at all. Although, the Closing of the Reverse Merger hinged on the cancellation of her 22,000,000 shares of North Tech. She did give up the assets, potential, control of the North Tech stock and symbol along with her 22 million shares of that company. She fully supported the Reverse Merger and voted her 22 million shares for the Closing, and was compensated with 1/2 million shares of PLRO.
The rest is simple math. A rational person would prefer whatever has more value. She had 44 times as many shares of North Tech, yet she agreed to the lesser amount of PLRO shares. Why? Because she is confident that the value, or future value of PLRO will be much greater than her previous shares of North Tech.
I have no idea whatsoever what the share price of North Tech used to be. However, at .10 or .01 her value would be:
22,000,000 X .10 = $2,200,000
22,000,000 X .01 = $220,000
At todays PLRO price of .68:
500,000 X .68 =$340,000
Ms. Pineda has been shown a more detailed look of the PLRO Business Plan than you and I will ever see. She would rather hold the fewer shares of PLRO stock. That speaks volumes.
p.s.
If you still do not get it:
500,000 X $10 = $5,000,000
500,000 X $30 = $15,000,000
Re: Late 10-Q Filing
I agree the 2 reasons (recent Contribution Agreement Closing, new CFO) you gave for being late with the 10Q are logical and valid. I inquired with IR a week ago about the 10Q, he stated due to recent Closing they were not even sure if SEC required PLRO to change their fiscal year. The Company has filed a Notification of Late Filing, so no big deal.
I am not sure this IR firm is any better than the last firm. To be honest, if you do more than 10 minutes of DD, you probably know more about any company than their own IR firm. About the only info I got from him (which I already knew), he confirmed that the Board of Directors will be actively involved in Discussions and Negotiations to bring New Product Intiatives to Market. This will be a highly involved and active Board of Directors.
Reverse Merger, Not Merger
"The big change in leadership was due to the fact that PLRO merged with a corporate shell(game?)called NorthTech, headed by Cecilia Pineda, which had absolutely nothing in common with the lubricant additive business. This existing PLRO officers were transferred intact on paper to the "new" corporaton."
Incorrect. This was the finalization of a Reverse Merger, not a Merger. There is a significant difference. PLRO officially came into being and North Tech is effectively dead and gone. Speaking of Ms. Pineda, she willingly exchanged 22,000,000 shares of North Tech stock for 500,000 Warrants (I believe) of PLRO. Does that tell you anything about the future of PLRO?
The Perfect Credible "Official Witness"
My mistake weese tomcat. I thought you were casting doubt on The Rivera Process, when your point was an endorsement by a well known personality could really help USSE. I am not completely convinced of the merit of such an endorsement for BioFuel. However, there is one person who would make natural and complete sense. This person is a highly visible, well known, public, government figure, with a strong commitment to green energy.
Logically, this person is Al Gore.
The link below is public information. Mr. Gore is not very accessible. He probably does not read the correspondance, however, if they were to receive 50 or 100 notices about USSE, perhaps they might bring it to the attention of Mr. Gore. That would be a major coup, IF USSE could get Al Gore to come to some kind of a Ribbon-Cutting Ceremony, in Natchez for the "Official" announced Grand Opening or running of BioFuel Production with 4 or more reactors running at full daily capacity. USSE could not buy publicity this good.
Now, would he ever consider such an appearance? Who knows? He is a very busy person, but we do know that solutions to Global Warming are dear to his heart. Jockeying for the Presidential Nomination is beginning, he just might be receptive to such a public appearance, you never know.
Perhaps this could be a Survey Question for the USSE Board? Potential merit of endorsement or visit to Natchez by Al Gore.
http://algoresupportcenter.com/contactal.html
Green CT?
http://www.geobiofuels.com/
The E-Diesel and Green Products page is rather interesting.
Natchez Plant Day Visit Summary (Repost)
"Perhaps the next PR should "officially" put this question to rest. Many have testified that they have seen it happen.
Who would make a good "official witness" that people would finally believe once and for all?
Any suggestions?"
There is no question, it has already been answered multiple times. We already know what is going on. You were also invited to the Natchez Open House, like PP, you chose to ignore an opportunity to prove this one way or another. Below, are 36 testimonials, take your pick, if you are still not satisfied, feel free to do the smart thing and move on:
http://www.investorshub.com/boards/read_msg.asp?message_id=19162101
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$8.25 Share Price
Selling the Additive for $12 to $25 per Gallon, would be quite the coup for USSE. Will that happen? We do not know, but we can calculate some rough numbers if USSE is successful.
Already calculated:
$1,920,000 Revenue per day to USSE ( 24 Reactors at $15 per gallon).
Now for costs. Seems like JR has said he can make biofuel for .50 per gallon (less actually). At 128,000 Gallons Daily, that is $64,000 daily. Maybe not realistic, so toss in wages, logistics, other costs, total $500,000 per day.
$1,920,000 Revenue - $500,000 Costs = $1,420,000 Profit per Day.
$1,420,000 X 360 Days (Holidays, maintenance)= $511,200,000 Profit per Year
.5112 / 1.5 billion shares = $0.34 Earnings Per Share
.34 E.P.S. X 25 multiple = $8.25 Share Price
So $8.25 Share Pice @ 24 reactors, $15 per Gallon for Additive.
Like I said, it will be quite the coup if USSE can pull this off.
$1,920,000 Daily Revenue
"From $12 to $25 / gallon as Additive to all the other fuels"
A very intriguing statement that implies a significant premium for the Additive. At first seems a bit far-fetched until you look closer.
Using a conservative price of $15 per gallon of Additive:
Buyers of the Additive manufacture 50 gallons of the new E-Diesel Blends per 1 gallon of USSE Additive. The additional costs to the companies, which allows them to produce a superior biofuel with unique properties, never before possible, is $0.30 per gallon.
$15/50 = $0.30 increased costs (which they might recover thru increased price for their new buiofuel).
What implications does this have for USSE? Once proven and widely accepted, they should be able to sell all the Additive they can produce. As an example, it was calculated that the Princeton Plant with 24 reactors operating at full production will produce 128,000 gallons of biofuel per day.
128,000 X $15 = $1,920,000
$1,920,000 Revenue per day to USSE ( 24 Reactors at $15 per gallon)
Obviosly, the numbers would be higher and much different if the Additive was sold for up to $25.
128,000 gallons biofuel per day with 24 reactors:
http://www.investorshub.com/boards/read_msg.asp?message_id=19544940
Places Of Distribution
USSE is in negotiation with an organization to bring these new products and branding initiatives to a veteran sales team to launch these products to Home Depot, Lowe's, Target, K-Mart, Ace Hardware and True Value. All of these Retailers have "GREEN" product/shelf allocation initiatives.
USSE Bid/Ask (Size)
How revealing are the Size of shares on the Bid and Ask? If the Size on USSE is normally:
Bid (size) 5,000 Ask (size) 5,000
and changes to
Bid (size) 50,000 Ask (size) 5,000
Can that be interpreted to mean anything? Obviously, MM wants to buy shares more than they want to sell shares. Seems like it implies MM are accumulating cheap shares for a stock price run?
4 Reactors
I seem to recall that during the Investor Conference Call, JR said the delay with the other 3 reactors was that parts were on order and would take 3 or 4 weeks. It has been reported here, that the actual assembly does not take that long. The Conference Call was on April 3, roughly 6 weeks ago. The Natchez Open House was 3 weeks ago. So, it is not unreasonable (unless parts delay) to assume that 4 reactors will be up and running very soon.
Now, I have no knowledge of this. However, a PR announcing that 4 reactors are indeed completed, running and producing BioFuel, and USSE has a customer to buy the BioFuel, would quickly catapult this to old highs, and position the stock price for entrance into new territory. An announcement of this type makes sense, and is probably the next logical step for USSE. Hopefully, we will soon start to be rewarded for our patience.
IMHO.
.
Princeton Plant Numbers Crunched
I crunched some numbers for Princeton Plant at full capacity. By all means check the math. This is as far as I can take it, the value of some Revenue is unknown to me.
Princeton numbers for crunching:
* Build 24 Reactors.
* Process 40 tons per day of feedstock in each reactor.
* Produce four gallons of biofuel per bushel of soy.
* Produce 56.34 cubic feet of biogas per bushel.
* Produce 20.1 lbs. of fertilizer/ash per bushel.
* Sell the ash at an estimated .15 cents a lb. Or use Italian gasification process/generators to create 2.5 MWe of power per ton of ash.
* Sell power $.063 per KW hour.
* Sell Green certificates for .030 per KW hour.
* 1 Bushel Soybeans = 60 Pounds
-----------------------------------------------------------------------------------
40 tons X 2,000 pounds = 80,000 pounds Soybeans/Day/Reactor
80,000 X 24 = 1,920,000 pounds Soybeans/Day
1,920,000 / 60 = 32,000 Bushels Soybeans per Day.
4 X 32,000 = 128,000 Gallons BioFuel per Day.
56.34 X 32,000 = 1,802,880 Cubic Feet BioGas per Day.
20.1 X 32,000 = 643,200 Pounds Fertilizer Ash per Day.
643,200 X .15 = $96,480 per Day.
---------------------------------------------------------------------
Summary
Daily Input:
* 32,000 Bushels Soybeans per Day.
Daily Output:
* 128,000 Gallons BioFuel.
* 1,802,880 Cubic Feet BioGas.
* 643,200 Pounds Fertilizer Ash.
Daily Known Revenue:
BioFuel = ?
BioGas = ?
Ash = $96,480
Sell Green certificates for .030 per KW hour = ?
.
Smart Money Buying
There was some smart money buying today, on higher than average volume, especially late in the afternoon. I am jealous, they got a good price. Timing is everything.
http://finance.yahoo.com/q/bc?s=USSE.PK&t=1d
.
Stock Dividend Protocol
from sackmeister:
"The ex-date doesn't need to be shown anywhere. It is three business days before the record date because of three day settlement rules. If you bought in time to have your stock in your account on 12/1, you get the dividend. SIMPLE. Anyone else out there who thinks otherwise is misleading or stupid."
sackmeister
You are doing this board a grave injustice, please stop. Cash and Stock Dividends follow different Procedures. Once again, whether this is a stock split or dividend does not really matter. You cite rules for a cash dividend, there is no cash involved, this is a stock dividend, and stock dividend rules apply. I still do not know how this will play out, and you do not either, but here are the SEC Stock Dividend procedures:
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
SEC Explanation of Cash and Stock Dividend Payouts:
http://www.sec.gov/answers/dividen.htm
Current Proposed Dividend:
http://www.otcbb.com/asp/dividend.asp?sym_id=USSE&dDate=12/1/2006&sDateType=Record_date
.
Illinois To Reduce Emissions
I wonder where Illinois will obtain their new fuel source? Hmmmm
FOR IMMEDIATE RELEASE
February 13, 2007
Gov. Blagojevich sets goal to dramatically reduce greenhouse gas emissions in Illinois
Climate Change Advisory Group meets to address the serious and urgent issue of global climate change
SPRINGFIELD – Gov. Rod R. Blagojevich today announced a statewide goal to slash the production of heat-trapping greenhouse gases (GHGs) to 1990 levels by 2020 and 60 percent below 1990 levels by 2050. The GHG goals are part of a long-term strategy by the state to combat global climate change and builds on steps the state has already taken to reduce greenhouse gas emissions to protect the environment and public health......................
(Article continues)
http://www.illinois.gov/PressReleases/ShowPressRelease.cfm?SubjectID=3&RecNum=5715
.
Illinois Biofuel Known Facts (Updated)
* Joint Venture between USSE/SSTP and Illinois Biofuel Group, LLC. (Dennis Radcliff) to to build and operate an initial Biofuel plant in Princeton, Illinois.
* Provide Green Energy, Green Power, Organic Based Fertilizers, Ethanol, Biodiesel, Biofuel and Biogas.
* Phase I Project, which may be expanded, is to provide a 24 reactor USSEC/SSTP plant utilizing all liquid and gaseous fuels in the production of green power.
* Plan is to construct two facilities. One will produce ASTM-standard biodiesel fuel for transportation, and the other will produce biofuel, green energy and 7-3-7 organic fertilizer. Green energy refers to electricity produced by the soybeans, and the electricity will be sold to the power grid.
* 30 million gallon a year biodiesel plant, with dramatic room for expansion.
* Will immediately apply for an expansion for an additional 20 million gallons. (so possibly 50 million gallons)
* 40 tons of soybeans per day per reactor. (160 tons soybeans/day)
* Target power plant production of 100 MW.
* Illinois Biofuel Group provides Funding for BioFuel site, permits, rail access, feedstock supply and any and all project financing for development, design, construction and startup costs.
* Mr. Radcliff has had several requests for investment money infusion into his project, more than enough to cover the expenses.
* USSEC/SSTP will provide funding for all aspects related to the design services and project management services of their reactor installations, as well as the operation of the plant once completed.
* Future introductions of USSE Technology in other key locations throughout Illinois possible.
* Dennis Radcliff already purchased several buildings and site, this has been verified by several Princeton, IL City Officials.
* Project is fully EPA permitted for air, construction and site, and all that remains to be done is to obtain the necessary permits from the city of Princeton.
* The buildings and site were formerly owned by Ag View FS, similar products were at the site before, so the biodiesel plant is a good use for the site.
* Princeton, IL Planning and Zoning Administrator, City Administrators and Mayor first heard about the proposed plant last summer, and all support the project.
* Princeton, IL is considered some of the prime grain production area in the country as witnessed by the amount of ethanol and biodiesel plants online or coming online.
* Ability to purchase "off spec" soybeans.
* Dennis Radcliff's background is construction in Chicago. He originally comes from the Princeton area, family of farmers and either owning or running the grain elevator in town with 40 years plus of roots in the community.
* Mr. Radcliff has been researching the biodiesel area for a few years. He had settled on the equipment he thought was best when somehow he was introduced to JR a couple of months ago. It became apparent that JR's Juice was better in a variety of ways.
* Princeton Plant planned ground-breaking is June 14.
Princeton numbers for crunching:
* Build 24 Reactors.
* Process 40 tons per day of feedstock in each reactor.
* Produce four gallons of biofuel per bushel of soy.
* Produce 56.34 cubic feet of biogas per bushel.
* Produce 20.1 lbs. of fertilizer/ash per bushel.
* Sell the ash at an estimated .15 cents a lb. Or use Italian gasification process/generators to create 2.5 MWe of power per ton of ash.
* Sell power $.063 per KW hour.
* Sell Green certificates for .030 per KW hour.
http://biz.yahoo.com/iw/070424/0242952.html
http://www.investorshub.com/boards/read_msg.asp?message_id=19209185
http://www.investorshub.com/boards/read_msg.asp?message_id=19212060
http://biz.yahoo.com/iw/070507/0249155.html
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F.Y.I.
This is the PLRO Message Board. This Board has been pretty good, but some of the messages lately have been getting "off topic". I do not think we want to read 5 messages to get to 1 pertaining to PLRO. So, as Board Moderator, I will now be deleting "off topic" posts.
Once removed, it shows up in a deleted messages page that IHub Administration reviews on a regular hourly (or so) basis. They determine if the post stays removed or needs to be restored.
Thank you for your cooperation
Q&A Board: #board-504
Admin: IH Admin [Matt]
Dividend Payout
From the SEC:
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
---------------------------------------------------------------------------
The Record Date of 12-1-06 has already passed.
http://www.sec.gov/answers/dividen.htm
Dividend Status
Someone posted that USSE put the dividend on hold, that is most likely the case. The Due Bill Date is 5/8 today, so if dividend is not in accounts by today, USSE put it on hold, period.
USSE might know what dividend they want to pay, but they can not legally do it in that manner.
The dividend can not go forward as announced right now. Because the Ex-Dividend Date is 5/4. USSE Issued shares in the time (between Record Date and Ex-dividend Date), and would have to Dividend all those shares also, it will not happen. O/S would be over 2 billion shares.
They want to pay dividend to ONLY investors that owned before 12/1, that cannot happen now. Because, every USSE investor is affected, will lose share value. You can not hurt the value of every investor, and ONLY pay the USSE share dividend to only owners before 12/1. They could have done this on November 28, but not now.
There is no easy solution. The best solution is probably no dividend whatsoever, cancel the entire dividend. This would restore the most shareholder value to the most amount of investors.
The Dividend Solution:
http://www.investorshub.com/boards/read_msg.asp?message_id=19411132
SEC Explanation of Dividend Payouts:
http://www.sec.gov/answers/dividen.htm
Current Proposed Dividend:
http://www.otcbb.com/asp/dividend.asp?sym_id=USSE&dDate=12/1/2006&sDateType=Record_date
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Re: Well isn't that dandy. So can we put the share price back up to $.20. Bet that won't happen. Screwed all around I guess.
Cancel the entire Dividend.
Keep USSE O/S under 1 Billion
With the recent news, USSE should fly back to .20 plus in no time.
Dividend Status
Someone posted that USSE put the dividend on hold, that is most likely the case. The Due Bill Date is 5/8 today, so if dividend is not in accounts by today, USSE put it on hold, period.
USSE might know what dividend they want to pay, but they can not legally do it in that manner.
The dividend can not go forward as announced right now. Because the Ex-Dividend Date is 5/4. USSE Issued shares in the time (between Record Date and Ex-dividend Date), and would have to Dividend all those shares also, it will not happen. O/S would be over 2 billion shares.
They want to pay dividend to ONLY investors that owned before 12/1, that cannot happen now. Because, every USSE investor is affected, will lose share value. You can not hurt the value of every investor, and ONLY pay the USSE share dividend to only owners before 12/1. They could have done this on November 28, but not now.
There is no easy solution. The best solution is probably no dividend whatsoever, cancel the entire dividend. This would restore the most shareholder value to the most amount of investors.
The Dividend Solution:
http://www.investorshub.com/boards/read_msg.asp?message_id=19411132
SEC Explanation of Dividend Payouts:
http://www.sec.gov/answers/dividen.htm
Current Proposed Dividend:
http://www.otcbb.com/asp/dividend.asp?sym_id=USSE&dDate=12/1/2006&sDateType=Record_date
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Miscibility Studies
I admit it, from inference I had an idea of what miscibility meant, but thought I better look the word up:
Miscible -
* Capable of being mixed: miscible ingredients.
* That can be mixed in all proportions. Used of liquids.
* Capable of being and remaining mixed in all proportions. Used of liquids.
* Relating to two or more substances, such as water and alcohol, that can be mixed together or can dissolve into one another in any proportion without separating. Compare immiscible.
Interesting comments:
Until now, greater than 15% ethanol and diesel was just like oil and water that do not mix.
This is significant in that other known commercial blends of ethanol and diesel vary between only 7.5% to a maximum of 15% ethanol.
JR Juice is highly miscibile, can easily be mixed in varying quantities with unique properties.
Re:Does anyone with ETRADE have their shares....and if not, any explanations from ETRADE?
I use E-Trade. I bought USSE in January 2007 and still own. The dividend was in my account last Thursday evening, they have since removed the shares. That does not mean I will not get the dividend. After a lengthy and heated exchange Sauturday, E-Trade does not know what is going to happen, they are waiting to actually get the shares, with clarified instructions. They are performing a "Dividend Corporate Research" that I requested last Thursday.
I may or may not get the dividend.
SEC Dividend Info
Whether it is a stock dividend or stock split does not really matter. Same result. Important distinction is between Cash or Stock Dividend. Critical Date is Ex-Dividend Date.
The info is all here folks, read the whole article.
--------------------------------------------------------------------------------------------------
From the SEC:
Ex-Dividend Dates:
When Are You Entitled to Stock and Cash Dividends
Have you ever bought a stock only to find out later that you were not entitled to the next cash or stock dividend paid by the company?To determine whether you should get cash and most stock dividends, you need to look at two important dates. They are the "record date" or "date of record" and the "ex-dividend date" or "ex-date."
(Cash Dividend section)
When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.
Once the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
Here is an example:
On July 27, 2004, Company XYZ declares a dividend payable on September 10, 2004 to its shareholders. XYZ also announces that shareholders of record on the company's books on or before August 10, 2004 are entitled to the dividend. The stock would then go ex-dividend two business days before the record date.
In this example, the record date falls on a Tuesday. Excluding weekends and holidays, the ex-dividend is set two business days before the record date or the opening of the market – in this case on the preceding Friday. This means anyone who bought the stock on Friday or after would not get the dividend. At the same time, those who purchase before the ex-dividend date receive the dividend.
With a significant dividend, the price of a stock may move up by the dollar amount of the dividend as the ex-dividend date approaches and then fall by that amount after the ex-dividend date. A stock that has gone ex-dividend is marked with an "x" in newspapers on that day.
(Stock Dividend section)
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
http://www.sec.gov/answers/dividen.htm
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USSE - U.S. Sustainable Energy Corp. Common Stock
Declaration Date:
Ex Date:
5/4/2007
Record Date:
12/1/2006
Payment Date:
5/3/2007
Dividend Type:
Stock Dividend or Split Dividend Amount:
2-1 stk
Notes:
Due Bill Redeemable Date: 05/08/2007
http://www.otcbb.com/asp/dividend.asp?sym_id=USSE&dDate=12/1/2006&sDateType=Record_date
------------------------------------------------------------------------------------------
Illinois Biofuel Crunch Numbers
Due to some excellent DD here, we already knew most of the update. However, the last paragraph contain some interesting numbers and specifics that will enable us to finally crunch some numbers and get a grasp of a reasonable stock price.
The update states 24 reactors, the orinal PR states 4 reactors. 24 reactors sounds correct and much more reasonable, the 4 number must have been a typo. Also, the sale price of 7-3-7 fertilizer is given as .15/pound, excellent news as I think the price of .03 was originally thought to be the sale price, (5 times as much). I know .15/pound does not sound like much, but when you create 21.5 pounds of fertilizer per reactor every 8.5 minutes, we are talking about massive, incredible amounts of fertilizer.
Princeton numbers for crunching:
* Build 24 Reactors.
* Process 40 tons per day of feedstock in each reactor.
* Produce four gallons of biofuel per bushel of soy.
* Produce 56.34 cubic feet of biogas per bushel.
* Produce 20.1 lbs. of fertilizer/ash per bushel.
* Sell the ash at an estimated .15 cents a lb. Or use Italian gasification process/generators to create 2.5 MWe of power per ton of ash.
* Sell power $.063 per KW hour.
* Sell Green certificates for .030 per KW hour.
The PR last paragraph:
USSE/SSTP CEO John Rivera stated, "Our intent is to build 24 reactors on the site and process 40 tons per day of feedstock in each reactor. As a result, using conservative estimates, we will produce four gallons of biofuel per bushel of soy, plus 56.34 cubic feet of biogas per bushel, plus 20.1 lbs. of fertilizer/ash per bushel. We will then sell the ash at an estimated .15 cents a lb or use Italian gasification process/generators to create 2.5 MWe of power per ton of ash. The liquid and gaseous fuels will be used in turbines to create electricity. Our model calls for the selling price of power into the grid of $ .063 per KW hour, and the sale of the resulting Green certificates for .030 per KW hour."
Princeton Is Bigger
USSE/SSTP CEO John Rivera stated, "Our intent is to build 24 reactors on the site and process 40 tons per day of feedstock in each reactor. As a result, using conservative estimates, we will produce four gallons of biofuel per bushel of soy, plus 56.34 cubic feet of biogas per bushel, plus 20.1 lbs. of fertilizer/ash per bushel. We will then sell the ash at an estimated .15 cents a lb or use Italian gasification process/generators to create 2.5 MWe of power per ton of ash. The liquid and gaseous fuels will be used in turbines to create electricity. Our model calls for the selling price of power into the grid of $ .063 per KW hour, and the sale of the resulting Green certificates for .030 per KW hour."
We should be able to calculate some numbers with this. Very good news.
Dividend Information
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
http://www.sec.gov/answers/dividen.htm
--------------------------------------------------------------
USSE - U.S. Sustainable Energy Corp. Common Stock
Declaration Date:
Ex Date:
5/4/2007
Record Date:
12/1/2006
Payment Date:
5/3/2007
Dividend Type:
Stock Dividend or Split Dividend Amount:
2-1 stk
Notes:
Due Bill Redeemable Date: 05/08/2007
http://www.otcbb.com/asp/dividend.asp?sym_id=USSE&dDate=12/1/2006&sDateType=Record_date
.
Re: Is USSE still trading PRE or POST split?
As you can see, the stock split has all occurred except the Due Bill Redeemable Date: 05/08/2007.
-----------------------------------------------------------------------------------------------------
USSE - U.S. Sustainable Energy Corp. Common Stock
Declaration Date:
---Ex Date: 5/4/2007
---Record Date: 12/1/2006
---Payment Date: 5/3/2007
Dividend Type:
Stock Dividend or Split Dividend Amount:
2-1 stk
Notes:
Due Bill Redeemable Date: 05/08/2007
http://www.otcbb.com/asp/dividend.asp?sym_id=USSE&dDate=12/1/2006&sDateType=Record_date
USSE Value + $60 Million
There is the value of USSE itself. Then you can add the 600 million shares of SSTP. Currently $60 Million in USSE Coffers.
600M SSTP X .10 = $60 million
The Plot Thickens
Yes, apparently, Post Dividend Date and Ex-Dividend Date are the same thing.
Also, in a stock dividend, the Ex-Dividend Date follows the Payment Date. So Ex-Dividend Date here is May 4, 2007.
I guess the real question here is does a Pink Stock USSE have to follow NASDAQ and SEC Rules and Regulations?
2004-11-09: ART INTERNATIONAL CORPORATION TRADES POST DIVIDEND
MARKHAM, Ontario, Nov. 9, 2004 (PRIMEZONE) -- ART International Corporation, (OTC BB:ARIOF.OB - News) announces that the 2-for-1 stock split dividend with the record date of October 29, 2004, has been distributed to shareholders on the payment date of November 5, 2004. The Company's shares began trading on the Ex-date, Monday, November 8, 2004, with an adjusted price reflecting the increase in the outstanding common shares of the Company.
http://www.diamantfilm.com/press.php?list_page=10&id=7
According to the Nasdaq Stock Market, notice of stock splits/dividends greater than 25% must be made to Market Data Integrity by issuers at least 10 calendar days prior to the Record Date. The Ex-Date is established by Market Integrity in accordance with Uniform Practice rules. The Payment Date is defined as the date on which a corporation makes payment of the declared distribution to its previously determined shareholders of record. The Ex-Date is defined as the first day the stock trades without the distribution (ex = without). This is also the day the price of the stock is reduced by amount of the distribution. The Ex-Date is set as the first business day after the Payment Date.
http://www.diamantfilm.com/press.php?id=10&list_page=10
"How do you know you didn't buy some of the new shares issued
by USSE after 12-01-06. They diluted several hundred million.
So if you bought some of that you would have a problem."
No, USSE has the problem, the investors indirectly. Now, you are finally starting to understand the mess they have created, entirely on their own.
Here are the Facts:
Record Date = Dec. 01, 2006
USSE issues and sells shares after that date.
Declaration Date = April 30, 2007. This is the first mention of any USSE shares Dividend.
Payment Date = May 3, 2007
Post Dividend Date = May 4, 2007
These are the facts.
-----------------------------------------------------------------------------------------
Now USSE is trying to back date the Ex-Dividend Date to Dec. 01, 2006 (5 months ago). An Ex-Dividend Date before the event was even Declared. This raises legal questions and is not smart. Even if they ram this down investors throats, legal challenges will begin. IF Post Dividend Date is the same thing as Ex-Dividend Date, USSE is really screwed.
USSE is shooting itself in the foot. The investors will go down with the ship. But, some will have their precious dividend. Investors need to wake up and smell the coffee. Quit worrying about your own little world and look at the big picture. I have serious doubts that will ever happen here. People just do not have a clue.
It is all in the PR:
http://biz.yahoo.com/iw/070430/0245499.html
SSTP Compensation
So they divested SSTP from USSE. USSE investors lost that value. 600 million shares (approximately half) does not adequately compensate USSE investors for that loss. Can a company do this to shareholders?
Take away the value of a company and not compensate investors for that loss?
Regardless of what happens here, the amount of investor goodwill that has and will be destroyed here, could come back and haunt USSE and it's investors. Horrible decision-making.
SEC Has Jurisdiction
"THE S.E.C. HAS NOTHING TO DO WITH PINKIES....NO JURISDICTION, NO POWERS OF ENFORCEMENT....NOTHING....ZERO, ZIP, ZILCH, NADA....."
Incorrect.
Read the USSE PR, from their own lips"
The Board of Directors decided to make this change in the best interest of shareholders and to assure compliance with applicable securities law rules and requirements which would have otherwise further delayed issuance.
The Dividend Solution
What we have here is a disaster. We have a Divdend that has destroyed shareholder value and is probably not legal, whichever way it goes. The Dividend has driven the stock price down from .40 to .09, and with drastically increased O/S. Whichever way it goes, there will be SEC scrutiny and Class Action Lawsuits sought.
Every one is too worried about their own situation, instead of asking what is best for the stock price and the future of USSE. We are consumed with greed, self-serving agenda and short-sightedness.
When the USSE O/S is increased, the company will have a much more complicated time being successfull. More than a Billion shares is hard to overcome, almost 2 billion shares might be lethal. I have thought about future actions to correct that. One might be a reverse split, would only reverse what is being done now, and almost always lowers the stock price, so no good. USSE could execute a stock buy-back in the future, but they have no cash, so not viable. The future at first appears hopeless.
However, there is a solution that is very simple and easy. It only requires 2 actions, and 1 is already done. Here are the 2 steps:
1.) Deposit 600 Million shares of SSTP into USSE (being done now).
2.) Completely CANCEL the entire Dividend.
The whole thing would be done and USSE would be free to move forward. All investors would be made whole as much as possible. USSE investors would have the value of SSTP stock, and their (USSE) shares are free-trading, not restricted. We did get some value for losing SSTP. USSE would still have O/S under a Billion shares.
In a matter of days or weeks USSE stock price should return to .40 or higher with the Princeton Plant Joint Venture being executed, and on it's way to $1.00 or higher with future positive announcements.
Pre 12-1 buyers, post 12-1 buyers, future USSE investors, JR, USSE all benefit and come out ahead in this scenario. The Dividend was ill-conceived and benefits no one, it has destroyed shareholder value. Let us be smart and restore that value.
Let JR know that we do not want the Dividend in any form or manner. The perfect solution does not exist. Cancellation leads to the least destructive outcome, and postions USSE and thus investors, for the greatest chance of future success.
OTCBB Document
Yes, the OTCBB Link does not work today. Here is what has been posted on their site for the last 3 days:
---------------------------------------------------------------------------------------------
USSE - U.S. Sustainable Energy Corp. Common Stock
Declaration Date:
Ex Date:
5/4/2007
Record Date:
12/1/2006
Payment Date:
5/3/2007
Dividend Type:
Stock Dividend or Split Dividend Amount:
2-1 stk
Notes:
Due Bill Redeemable Date: 05/08/2007
-----------------------------------------------------------------------------------------------------------------------------
It even displayed the following which shows that USSE Declared Cancellation of the STTP Dividend:
+Refer to the D/L of 11/28/2006, Distribution of Sustainable Power Corp shares has been cancelled by the company.
http://www.otcbb.com/asp/dividend.asp?sym_id=USSE&dDate=12/1/2006&sDateType=Record_date
p.s.
mystical mist made a copy of this, for evidence.
Dividend Or Split?
This question is not relevant, it does not matter. In a 2 for 1 stock split, you start with 1 share, end up with 2. In a 1 for 1 Dividend, you start with 1 share, end up with 2. Same result, so the 2 terms might be used interchangeably, it makes no difference.
The relevant question is Cash Dividend or Stock Dividend? Without question, no cash is involved, only stock, so this is a Stock Dividend.
According to the SEC, Stock Dividend Protocol is:
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
Go to the SEC Link below, read the entire article. The article describes Cash Dividends, and then Stock Dividends.
http://www.sec.gov/answers/dividen.htm
Exactly
""Was no retroactively"? The 12/1 dividend didn't happen. It's done -- put a fork in it. No one got or gets SSTP shares.
So, now they decide to have a forward split. No problem. They set the date of 5/4. No problem. BUT...... they will only split the shares held back on 12/1/06. That's a retroactive split. No one announced a split of USSE shares prior to the record date (12/1) so how can that happen?
It can't."
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Well said.
In order to be legal, according to SEC "Protocol", the current USSE forward split has to be Declared BEFORE both the Ex-Dividend Date and Record Date. This did not happen. USSE never Declared the USSE forward split before 12-1. Therefore, 12-1 can not legally be the Ex-Dividend Date. Common sense.
ANY and ALL Dividends have to be publicly Declared BEFORE the Ex-Dividend and Record Dates. The USSE forward split was Declared April 30, 2007.
.