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Rescind The Dividend
No, I have no connection to USSE management whatsoever. I am merely a small investor that is being screwed, like every investor here.
The best resolution to this conundrum is to RESCIND THEDIVIDEND. The stock price would probably more than double in days, and no dilution. That is better for investors that bought before or after Dec. 1, better for USSE, better for JR. Win-win for everybody.
Call USSE, Email them.
RESCIND THE DIVIDEND
Rescind The Dividend
"That sounds good, but it lets JR off the hook pretty easily. Is it possible this was the plan all along?"
No one gains with the current dividend. Everyone gains if the dividend is cancelled (when you think about it).
JR screwed up big time, he knows it, admits it. Let us get him off the hook. Email them, phone them. RESCIND THE DIVIDEND.
We want JR working on getting the JR juice flowing.
RESCIND THE DIVIDEND
USSE Investors Wake Up
"JR could choose to cancel the Dividend. If he does that, the share price soars immediatly. Now THAT is a win-win."
Wake up and smell the coffee!
EVERY USSE investor gets screwed with the current dividend. Some just more than others. IF you do get the dividend, you are gaining nothing. You get twice as many shares, but the O/S is doubled (100% dilution), your money money value remains the same in either scenario. Actually, you have even less due to USSE mismanagement, because they caused stock price to decline 30% monday.
No one gains anything with the current dividend. EVERYONE would be better off with NO DIVIDEND. So, everyone call JR, USSE, and Redwood. As USSE investors DEMAND that the Dividend be cancelled. Ring their phones off the hooks. Tell USSE we do not want the Dividend, we and USSE are better off without it. This is not a done deal yet. If it goes thru as is, USSE will be exposed to SEC examination and Class Action Lawsuits. Quit bellyaching here, go to the source. Ring their phones off the hook, I have.
CANCEL THE DIVIDEND.
Buyers After Dec. 1 (Dividend)
"why would you think you're getting any divy since you bought
after the 1st of dec!"
This is from the SEC itself. There is a good chance that buyers after Dec. 1 get the dividend, not sellers after Dec. 1. I am not an attorney, read and interpret this yourself.
It is important to note that cash and stock dividends may be treated differently. I highlighted the stock section.
------------------------------------------------------------------------------------------
SEC On Dividends
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."
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:
Declaration Date Ex-Dividend Date Record Date Payable Date
7/27/2004 8/6/2004 8/10/2004 9/10/2004
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.
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
In yesterdays's PR, USSE states:
Record Date: Dec. 1, 2006
Ex-Dividend (PR calls post dividend): May 4, 2007
.
What We Really Know About Illinois Biofuel
"What do we *really* know about IBF ?"
Thanks for asking.
What we know right now:
* 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 4 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.
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
.
What Shorts Responsible For Dividend?
"in regard to the dividend, are the only shorters who matter those shorters as of december 1st?"
To be honest I am not sure of that question. Perhaps it is the same as for Longs. Whoever was Short on Record Date. I have never gone Short, I am not positive of this.
All USSE Longs need to know is that some Short somewhere will be responsible to deliver any and all dividends, on a 1 for 1 basis.
Risk/Reward Ratio
Looking at the grand scheme of things, the risk/reward ratio looks very favorable right now. The Technicals and Fundamentals both look to be improving. Technically, it sure looks like a double-bottom. Twice the stock has just not been able to go much below $1.00. So, there is not too much downside risk here.
Fundamentally, it seems to be coming together also. When the Merger Agreement was still not completed, I imagine management spent a considerable amount of time and energy in the background, getting things finalized. Now that the Merger is Completed, the Board of Directors is in place, they are free to move forward. As long as management begins executing, the stock will do very well. Hopefully, the coming 10Q will show some revenue from the introduction of rail-curve grease, even if a small amount.
We do not know the details. However, this company does everything on such a large scale, they have a lot of confidence in their capability and future. Look at their SEC Filings, on the Merger Agreement alone they had several Documents with 194 pages, 230 pages, their 8K's with 50 or 56 pages (larger than BB stocks 10Q's). They sure do have all the details worked out, can only imagine what their business plans look like.
Look at the Board of Directors:
http://www1.investorvillage.com/smbd.asp?mb=6922&mn=47&pt=msg&mid=1469573
Look at their Patents Issued and Pending:
http://www.techrobond.com/status_chart.htm
Look at the addressable markets:
http://www.techrobond.com/addressable_salesfigures.shtml
If PLRO even captures 5% of the $56 Billion Market, the numbers and thus their future share price are staggering. When I look at the foundation they have built to support this company, I just do not see them staying on the Bulletin Board for very long. With all the preperation they have done, I am sure they have the goal of a NASDAQ Listing down the road. Their Investor Relations, (when they were still responding to investors) assured me of this goal, several months ago, when I inquired. Hint Hint, besides various Financial benchmarks (such as assets) which should be no problem once management starts executing, they also need a $5.00 share price for a month, to get a NASDAQ Listing.
A very favorable Risk/Reward Ratio indeed, for investors at this point.
Shorts Must Deliver Any Dividends
Remember, any Shorts in stocks that pay a Dividend, are responsible to deliever that dividend. That could be one good thing about yesterday's news. JR probably really threw the Shorts a curveball.
SEC On Dividends
It is important to note that cash and stock dividends may be treated differently. I highlighted the stock section.
------------------------------------------------------------------------------------------
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."
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:
Declaration Date Ex-Dividend Date Record Date Payable Date
7/27/2004 8/6/2004 8/10/2004 9/10/2004
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.
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
2 Scenarios (Both Ugly)
I saw the news about 9 this morning. At first I was shocked, then outraged. I refrained from posting all day, to gather my thoughts.
First let me state that I still believe in the Rivera Process. However, due to SEVERAL recent events I have just about lost all faith in USSE. The new Dividend news is bad for ALL USSE investors, whether you bought before Dec.1 or after. It is just a double whammy if you bought after Dec. 1. You can believe this is not over yet. There are both SEC and Class Action Lawsuit implications in this horrific decision. Do not even try to suggest that the SEC has no jurisdiction over USSE because it is a pink sheet. By the company's own admission, they made this change so as to try to comply with SEC regulations.
From the posts here, it is obvious many have no clue what has happened here. Maybe these 2 scenarios will enlighten, and you tell me if this is equitable.
Scenario A
Investor A owns USSE before Dec. 1. He knows about the dividend. Knowing he will be getting the same number of shares in SSTP, he sells his USSE stock. Soon he can also sell (or keep) his newly issued stock. So, in effect he gets to sell the same stock twice. Or, maybe he kept his original USSE and will have twice as many shares, soon. Diluted proportionately, but double the same.
Scenario B
Investor B buys USSE after Dec. 1. He understands he will not get the STTP dividend. However, he buys for 2 reasons. One, he believes in USSE and wants to own a piece of the company. Two, there is the (USSE promise) of the 1.3 for 1 ONYI dividend, which will soften the blow of not getting the SSTP dividend. By the time the ONYI dividend is cancelled, his USSE stock is down 50%, so he remains patient. Investor B probably bought in the $0.40 area, so now today his investment is down 75%, AND USSE has twice the number of stock shares. Investor B bought and kept holding due to public announcements by USSE, all which of have never come to happen. The actions of USSE has caused grave losses to Investor B. That should be basis for a Class Action Lawsuit.
Investors B:
* No 1.3 ONYI Dividend
* Investment down 75%
* USSE Outstanding Shares Doubled.
All due to promises and public announcements that USSE made and has not fulfilled.
In today's PR JR said this was done in the best interest of shareholders. Try asking Investor B if USSE is doing their Fiduciary Responsibility.
What is the difference between Investors A and B? One bought before Dec.1, the other bought after. They may have bought a week apart, or even days. A lot of these new investors also got their friends and families into USSE. How do they explain this? Will Investor B ever trust USSE again? Will potential new investors that see this gross mismanagement decision be willing to risk their capital in this company and management? Who in their right mind will buy stock in a company that causes half their shareholders such grievous losses?
We politely ask your assistance.
I will try to contact JR and/or Redwood to inform them of this gross injustice, but, I have a feeling that they will not be available. I urge anyone here with contacts with JR or Redwood, to give them this post, or make sure they understand the harm being done to half their existing shareholders.
If there is no response by Thursday, then the proper authorities will be notified of these actions, and redress will be vigorously pursued.
I know with the SEC, or even a lawsuit nothing will probably happen, however, there is little more left for Investors B to lose, they must try even if trading in USSE were to be halted. Investors B are damaged that much and take this seriously.
Princeton Plant Info
What we know right now (more details coming):
* 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 4 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.
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
.
Princeton Plant Info
What we know right now (more details coming):
* 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 4 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.
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
.
USSE/SSTP's FIRST SIGNED CONTRACT
USSE Press Release announcing Joint Venture with Illinois Biofuel Group, LLC (Princeton Project):
http://biz.yahoo.com/iw/070424/0242952.html
Verification and Status of the Princeton Plant (Funding Completed, Planned Ground-Breaking June 14):
http://www.investorshub.com/boards/read_msg.asp?message_id=19209185
Illinois Biofuel President (Dennis Radcliff), Background and Plan of Operation:
http://www.investorshub.com/boards/read_msg.asp?message_id=19212060
.
USSE/SSTP's FIRST SIGNED CONTRACT
USSE Press Release announcing Joint Venture with Illinois Biofuel Group, LLC (Princeton Project):
http://biz.yahoo.com/iw/070424/0242952.html
Verification and Status of the Princeton Plant (Funding Completed, Planned Ground-Breaking June 14):
http://www.investorshub.com/boards/read_msg.asp?message_id=19209185
Illinois Biofuel President (Dennis Radcliff), Background and Plan of Operation:
http://www.investorshub.com/boards/read_msg.asp?message_id=19212060
.
Princeton Ground Breaking June 14
Great news!! Good find king oil. The news article just verifies everything that was in the USSE PR. There are also supportive comments from the Princeton Mayor, Planning and Zoning Administrator and City Administrators.
This project is much further along than anyone even dared suggest. "Radcliff said the 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". When the PR was announced, the bashers wondered where the funding would come from. Apparently that is a non issue, since almost everything is in order, and ground breaking planned for June 14. They even want to increase from 30 million gallons to 50 million gallons.
JR meant it when he said that no more PR's on half done deals, they will only announce completed deals from now on. "Nelson said the city first heard about the project last summer"... So the Princeton Project has been in the hopper for 3/4 of a year. Mr. Radcliff most likely wanted to secure the plant and facilities before this deal became public knowledge. It is precisely for reasons like this that parties that USSE partner with have Non Disclosure Agreements. I wonder how many other projects USSE has in various stages of implementation?
So, the April 24 PR by USSE is indeed a signed Contract. Investors and potential investors might want to go back and reread that Press Release.
Congratulations to all the longs that have put up with all the nonsense from the bashers. Our time is coming and very near.
http://biz.yahoo.com/iw/070424/0242952.html
http://www.bcrnews.com/articles/2007/04/28/agriculture/doc4632cc11c39c6143731239.txt
Some JR Insight
From RB:
By: biorevelation
27 Apr 2007, 09:28 PM EDT
Msg. 6422 of 6423
Something I just recalled, JR will only accept the soybeans from the farmers themselves, cutting out the white shirts. Mike from Vee-Go was happy with this, I guess it helps the farmers?
JR is definitly for the blue collared worker, he runs a very happy ship, all his employees were smiles all night! I stayed late, very late, ooooohhhhh! I can only do that once in awhile! I watched JR dance, the man has moves! He seems to be getting into better shape, he lost some weight! He is taller than he looks online.
During the day I watched his engineers assembling the 4 reactors, many parts on site, they were getting ready to install some valves and joints.
I know just watching these damn computers all day waiting for news sucks! But, I tell you there is alot of work going on there!
.
Form 3's Filed
Just like I said, 7 Form 3's were Filed today. Form 4's are next. This should help pick up interest in the stock.
http://www1.investorvillage.com/smbd.asp?mb=6922&pt=s
.
Patent Published
Thanks for the Patent link, interesting reading.
I like the paragraph about halfway down the site:
BACKGROUND OF THE INVENTION
[0003] Lubricants are used in enormous quantities. For example, more than four billion quarts of crankcase oil are used in the United States per year. However, many lubricants currently in use also have undesirable characteristics. Currently available crankcase oils generally include the anti-wear additive zinc dialkyldithiophosphate (ZDDP), which contains phosphorous and sulfur. Phosphorous and sulfur poison catalytic converters causing increased automotive emissions. It is expected that the EPA eventually will mandate the total elimination of ZDDP or will allow only extremely low levels of ZDDP in crankcase oil. However, no acceptable anti-wear additives to replace ZDDP in engine oils are currently available.
.
Stock Options, NOT Stock
"One thing that puzzeled me was did CFO make a purchase then and there? There was a statement of 3 installment over the next 3 years. I assumed he bought in a block on the spot, but got to admit a bit of confusion here. Everything looked fine till I read this.......1. The option becomes exercisable in three equal annual installments on April 18, 2008, 2009 and 2010......."
You are probably not the only one confused on this. These Form 4's will be a very important part of PLRO, so let's make sure everyone understands them correctly. Let me say that I am hardly an expert, so if I make any mistakes, feel free to correct me.
Go to the Form 4 dated 4-20-07. There are 2 Tables. Table I is for Stocks. Table II is for Stock Derivatives. The Table that is filled out is Table II, so that means it is a derivative.
Box #1 says "Employee stock option (right to buy)"
Box #2 Excercise price $1.35
Box #6 Date Exercisable (1)
Box #7 Common Stock 1,314,440 shares
1 = The option becomes exercisable in three equal annual installments on April 18, 2008, 2009 and 2010.
Stock Option defined:
The right, but not the obligation, to buy (for a call option) or sell (for a put option) a specific amount of a given stock, commodity, currency, index, or debt, at a specified price (the strike price) during a specified period of time.
Mr. Newman does not own any stock at the moment, just stock options. When PLRO closed the Merger Agreement they put aside (I think) 35 million stock options. 1,314,440 of those stock options are now earmarked for Mr. Newman.
Stock options, are just what the name implies. They give you the "option" to buy, or not buy. So, on April 18, 2008, then 2009, and 2010 Mr. Newman can buy 1/3 (438,146.66 shares of PLRO Common stock) at $1.35 per share.
Why would he buy, or not buy? If in 2008, PLRO stock price is $0.35, he would not buy because he would be losing $1.00 per share. If in 2008, PLRO stock price is $4.35 a share, he would excercise his options, and buy the stock at $1.35, thus making $3.00 per share profit.
Note, at this point he is merely buying the stock. He does not necessarily have to sell the stock at this time.
http://www1.investorvillage.com/smbd.asp?mb=6922&pt=s
Locating SEC Documents
"I missed that write up where the 1.35 buy-in point was mentioned. Can you point me to the document?"
It is strictly an SEC Document. You probably did not see it because, it is not on Yahoo profiles, or even IHub Quotes. For a complete list of SEC Documents for a stock, go to InvestorsVillage (simply an outstanding feature of InvestorsVillage, you can access SEC Documents in entirety, for free):
http://www.investorsvillage.com
Then go to the PLRO Message Board. Then click "SEC Filings".
The Form 3 is merely an Initial Statement of Beneficial Ownership. Go to the Form 4, Statement of Changes in Beneficial Ownership.
Commercial Plan For 2007
I still am not thrilled with this management team. I believe they abandoned their loyal investors and screwed them over.
However, I am trying to remain rational through all this. The recent pattern of the stock price indicates that PLRO has probably hit bottom. Call me crazy, but I bought back in Thursday, 3 times the number of shares I had before. Heck I paid less than the Senior VP and CFO, he paid (strike price) $1.35 per share. The whole management team was just awarded stock options, with the stock price this low, expect a bunch of Form 4's to be Filed soon.
The Merger is complete, it is now time for them to execute. From their website: " we expect a steady stream of products and applications to be commercialized over the next 1-2 years in grease, metalworking fluid, hydraulic fluid and other applications". They have developed a strategic plan that they are implementing immediately. So, good, positive news should be coming in the next few months.
Hopefully, the bad news is behind this company, and they start performing.
2007 goals:
* Expanding the grease marketing effort by working directly with global grease manufacturers in addition to developing a strategic marketing alliance with at least one global additive firm.
* Seeking the requisite registration for our F-ZDDP product in domestic and global markets and evaluating related filings throughout North and South America, Europe and Asia.
* Optimizing an engine oil with an industry partner for engine testing later in 2007.
* Building a revenue stream through an acquisition from the lubricant market and/or lubricant aftermarket.
* Expanding the PRO manufacturing capabilities by building a pilot plant in Tulsa, Oklahoma in order to fulfill near-term needs, and begin the process of establishing a full-scale production facility in India.
* Procuring the requisite testing equipment to accelerate the product development cycle and to validate performance of our products.
* Identifying specific coatings applications for development and proof of concept testing.
* Expanding the company's intellectual property and patent portfolio.
* Continuing to pursue research on next generation technologies.
http://biz.yahoo.com/bw/070426/20070426005940.html?.v=1
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Natchez BioEnergy Posts Summary
Posts from April 24 Natchez Visit:
http://www.investorshub.com/boards/read_msg.asp?message_id=19162101
Natchez Visit Posts Summary
#1:
http://www.investorshub.com/boards/read_msg.asp?message_id=19069188
#2:
http://www.investorshub.com/boards/read_msg.asp?message_id=19074077
#3:
http://www.investorshub.com/boards/read_msg.asp?message_id=19088939
#4:
http://www.investorshub.com/boards/read_msg.asp?message_id=19091763
#5:
http://www.investorshub.com/boards/read_msg.asp?message_id=19091967
#6:
http://www.investorshub.com/boards/read_msg.asp?message_id=19092489
#7:
http://www.investorshub.com/boards/read_msg.asp?message_id=19093073
#8:
http://www.investorshub.com/boards/read_msg.asp?message_id=19093534
#9:
http://www.investorshub.com/boards/read_msg.asp?message_id=19100598
#10:
http://www.investorshub.com/boards/read_msg.asp?message_id=19102329
#11:
http://www.investorshub.com/boards/read_msg.asp?message_id=19113668
#12:
http://www.investorshub.com/boards/read_msg.asp?message_id=19115050
#13:
http://www.investorshub.com/boards/read_msg.asp?message_id=19116678
#14:
http://www.investorshub.com/boards/read_msg.asp?message_id=19124639
#15:
http://www.investorshub.com/boards/read_msg.asp?message_id=19125694
#16:
http://www.investorshub.com/boards/read_msg.asp?message_id=19126811
#17:
http://www.investorshub.com/boards/read_msg.asp?message_id=19127557
#18:
http://www.investorshub.com/boards/read_msg.asp?message_id=19127697
#19:
http://www.investorshub.com/boards/read_msg.asp?message_id=19127760
#20:
http://www.investorshub.com/boards/read_msg.asp?message_id=19128485
#21:
http://www.investorshub.com/boards/read_msg.asp?message_id=19129884
#22:
http://www.investorshub.com/boards/read_msg.asp?message_id=19132412
#23:
http://www.investorshub.com/boards/read_msg.asp?message_id=19132592
#24:
http://www.investorshub.com/boards/read_msg.asp?message_id=19133929
#25:
http://www.investorshub.com/boards/read_msg.asp?message_id=19137433
#27:
http://www.investorshub.com/boards/read_msg.asp?message_id=19137570
#28:
http://www.investorshub.com/boards/read_msg.asp?message_id=19141980
#29:
http://www.investorshub.com/boards/read_msg.asp?message_id=19142025
#30:
http://www.investorshub.com/boards/read_msg.asp?message_id=19144491
#31:
http://www.investorshub.com/boards/read_msg.asp?message_id=19147633
#32:
http://www.investorshub.com/boards/read_msg.asp?message_id=19156148
#33:
http://www.investorshub.com/boards/read_msg.asp?message_id=19156962
#34:
http://www.investorshub.com/boards/read_msg.asp?message_id=19158032
#35:
http://www.investorshub.com/boards/read_msg.asp?message_id=19158303
#36:
From RB
http://ragingbull.quote.com/mboard/boards.cgi?board=USSE&read=6406
PLRO Website Misleading
Another shaw gaffe:
"So, it appears that this would be the reason why there was no revenue from this product in Q4 2006 (Whitmore announcement was in Nov 2006). Based on what Whitmore said, it sounds to me like it will be Q2 or Q3 of 2007 before revenue is generated (post BN testing)."
The PLRO Website states in the Section titled "Commencement of Revenues", "Revenues commenced in 2006 ..................."
http://www.techrobond.com/techmilestones_revenues.shtml
Yet, NO revenues were announced in the 2006 4th Quarter of the 10K. PLRO Advertise on their own Website, Revenues commenced in 2006, not Q3 2007.
So the PLRO Website is misleading, deceptive or downright incorrect and false? This nonsense is becoming a habit with PLRO.
.
BioEnergy Plant Day 2007 - You Are Invited!
US Sustainable Energy invites you to our BioEnergy Plant Day. For expedited entry please pre-register using the form below.
Also, please feel free to invite friends and colleagues.
What: BioEnergy Plant Day 2007
* Plant Tour & Walkthrough
* Reactor Demonstration
* Products Demonstration
* Company Hosted Banquet Reception Tuesday Evening
o Banquet passes will be presented to registered attendees
When: Tuesday April 24, 2007
9:00 AM
Where: US Sustainable Energy Corp.
110 L.E. Barry Road
Natchez, MS 39120
http://www.ussec.us/invitation_070402a.html
.
Going to the Pinks
"Apparently sean didn't fill like filing his results yet, hence the "E"?? "
That is not correct. If Fulda was late filing, he could just simply file for an extension, that is what you do when you will be late. Fulda did not do that, so the implications are that the party is over. UVCL will no longer be SEC Compliant and is going to the Pinksheets.
The Yahoo Message Board even had a post of an ad by Fulda, that Fulda placed in a local website, with the UVCL address, for free moving boxes that are no longer needed. Apparently, Fulda even closed the office. (Unfortunately, Yahoo is so desperate for bandwidth, that soon as UVCL got the "E", they shut down the Message Board, they will not do Pinks).
So now Fulda will get nothing. He really screwed up. He is more incompetent than previously stated.
Adios UVCL
.
Risk / Reward
We all know that Bulletin Board stocks are not the best place to look for good, long term investments. BB stocks are more appropriate for small amounts of speculative money. Stocks with little downside risk, and exponential upside potential. BLTA fits that description wonderfully.
The company gives every indication that 2007 is the year they get their airline off the ground. They have been spending funds to get the Certification process in place, an awesome website operational, and have been working on the funding needed.
The downside would appear to be around $0.02. Once funding has been announced, and they begin selling tickets for the Inaugural Flight, the price could go to $0.50. When the Inaugural Flight launches, the price could be up to $1.00 or $2.00.
In summary, almost no downside risk. Potential upside reward could be a 25 bagger to a 100 bagger. Just what investors look for in a BB stock.
Now, you sure do not want to bet the farm on BLTA. Understand that it is risky, but if you have risk money, the way to play it is with a small $500 or $1,000 investment. In money terms, with a $500 investment, in 6 months or a year, you might still have $500, or $12,500, or $50,000. You begin to understand the opportunity at hand here, with Baltia Airlines.
Do your own DD.
http://www.baltia.com/
IMHO
.
PLRO Technical Analysis - Bearish
PLRO Technical Indicators for Short Term, Intermediate Term, Long Term and Overall all Bearish
http://www.stockta.com/cgi-bin/analysis.pl?symb=PLRO&num1=9&cobrand=&mode=stock
.
Radio Shack Nose-Dived
shaw
"Here is the press release confirming the closing and it also announces the CFO. He was the former CFO for Radio Shack which bodes well as this was a major gap in the management team. Good to see that they hired someone with a blue-chip background."
If I were you, I would be very quiet, and not be advertising the hiring of the former Radio Shack CFO. Too many people know, and it is too easy to look up the performance with Newman at the helm. Most investors know that Radio Shack was once a high flying stock, that nose-dived years ago. It has only been since 2007 that the stock is coming back, due to now being run by the CEO that turned around K-Mart.
This is from PLRO 8K:
Prior to his appointment, Mr. Newman had been employed as an independent consultant since 2005. From 2001 to 2004, Mr. Newman served as the Senior Vice President and Chief Financial Officer of Radio Shack, a retailer of consumer electronics and services headquartered in Fort Worth, Texas.
Radio Shack chart:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=rsh&sid=0&o_symb=rsh&fre....
As clearly illustrated, The stock in 2001 was in the $50's, went to a low of $20, then back to $30 in 2004 when Newman left. Hardly stellar performance. I wonder if the guy got canned.
BioEnergy Plant Day 2007
You Are Invited!
US Sustainable Energy invites you to our BioEnergy Plant Day. For expedited entry please pre-register using the form below.
Also, please feel free to invite friends and colleagues.
What: BioEnergy Plant Day 2007
* Plant Tour & Walkthrough
* Reactor Demonstration
* Products Demonstration
* Company Hosted Banquet Reception Tuesday Evening
o Banquet passes will be presented to registered attendees
When: Tuesday April 24, 2007
9:00 AM
Where: US Sustainable Energy Corp.
110 L.E. Barry Road
Natchez, MS 39120
Google Maps
Hotel Information (rooms are limited and subject to availability):
Name:
Natchez Eola Hotel
Address: 110 N. Pearl Street
Natchez, MS 39120
Google Maps
Phone: (866) 445-EOLA or (601) 445-6000
Group Name: U.S. Sustainable Energy
Name:
Isle of Capri Hotel & Casino
Address: 645 South Canal Street
Natchez, MS 39120
Google Maps
Phone: (800) THE-ISLE or (601) 445-0605
Group Name: U.S. Sustainable Energy
While you're here:
The Premier Natchez Tourism Website
Natchez - she adorns the banks of the Mighty Mississippi with gracious homes, warm, friendly people and unlimited activities. In Natchez, you can experience the rustic atmosphere of Natchez Under-the-Hill, or try your luck at riverboat gambling. Whatever you may choose, every day is your lucky day in Natchez!
http://www.ussec.us/invitation_070402a.html
.
Recent BLTA Write-Up
Here is a recent Stock Write-Up of BLTA:
Money in the Air
It just doesn't get any better than this. Booming sector, tightly held, ground floor investment opportunity in a start-up
US airline.
Company: Baltia Air Lines Inc,.
Symbol: BLTA.OB Quote Chart
Current Price: $0.018 + 20.00%
Potential Price: $0.05
We are giving our members the heads up early so that you can get the maximum benefit!
Company Overview:
The continued prosperity of Southwest Airlines and the recent success of Jet Blue exemplify the lucrative and expanding market for new US niche carriers. Baltia Air Line's goal is to become the leading US airline in the trans-Atlantic market between the major US cities and the capital cities of Eastern Europe, including Russia, Latvia, Ukraine, and Belarus. With experienced management and a lucrative and growing travel market to the Baltic region Baltia intends to soar to success.
Market Niche and Potential
Baltia's objective is to provide high quality three class passenger service, and reliable and fast cargo and mail transportation. Baltia plans to start its flight operations in 2007, as the only US airline connecting directly two of the world's most prominent cities - New York and St. Petersburg.
Baltia's nonstop service from New York's JFK to St. Petersburg will be approximately 8 hours, as compared to European connecting flights by foreign airlines taking up to 12 or 18 hours. Only a US airline (as well as a reciprocal Russian airline) is entitled to fly nonstop. Third nation airlines, which are currently serving the market, can only operate connecting flights via their national airports.
Management believes that the shortened flight time, elimination of a layover, elimination of the possibility of missing a connecting flight (it happens), and a high quality passenger service provided by a US flag airline will attract not only the American business traveler and high-end tourism but also travelers originating in Russia. During year one, Baltia plans to add additional airplanes and nonstop routes from JFK to Riga, Moscow, Kiev and Minsk. On the JFK-St. Petersburg route alone, management is projecting revenues for year one of operations at $60 million.
Corporate Snapshot
Baltia's senior management meets regulatory requirements and has been previously approved by the US Department of Transportation (DOT) to operate Part 121 airline.
Baltia has arranged a three year lease of a Boeing 747 aircraft. Baltia has leased space at JFK, Terminal 4 for its base of operations.
BUSINESS STRATEGY
Baltia Air Lines, Inc . has been organized by a team of US airline professionals with decades of airline experience. Baltia plans to start its flight operations with weekly nonstop flights between JFK and St. Petersburg and to expand its schedule to daily flights within a four months period. By the end of year one of operations, Baltia plans to operate a fleet of four aircraft flying nonstop from JFK to Riga, Moscow, Minsk, and Kiev.
Favorable Market Conditions
The New York-St. Petersburg route is a huge market directly connecting two cities with populations of 10 million and 6 million, respectively. The market is currently served by over 150 OAG (Official Airline Guide) listed flights per week, by a number of European airlines. These foreign airlines may not fly directly between the US and Russia; they have to operate with connecting flights through their countries. As a result, the market is presently served by foreign airlines requiring one or two stops and entailing a 12 to18 hour journey. C argo transport on connecting flights is even less efficient. From the trans-Atlantic leg cargo is offloaded mechanically from wide body jets. It is then manually loaded onto connecting narrow body jets. Nonstop service offered by Baltia will provide convenient eight hour travel, and efficient palletized/containerized cargo transport.
Typically, in the market served only by connecting flights, as much as 60% of the traffic migrates over to a new nonstop service when such service becomes available. Starting with one Boeing 747 in the JFK-St. Petersburg market, Baltia's business model calls for approximately 85,000 passengers during year one on that route, representing less than 10% of the market size. Thus Baltia can be expected have initial operations with a high load factor.
Despite the large number of stop-over flights currently offered by European airlines, passenger fares between JFK and St. Petersburg have steadily grown in the past years due to an even greater increase in traffic. Baltia has conservatively structured its nonstop fares consistent with those of foreign airlines providing connecting services.
Superior Baltia Service
Baltia plans to operate a high quality passenger service in a three class cabin layout, in addition to being the only direct flight. For cargo shippers, Baltia intends to offer "Baltia Courier" service - aimed at express letters and high value package market. Also, the company has begun negotiations with major express shippers and has strong interest in utilizing virtually all of its cargo capacity under block space arrangements.
Conclusion
With proven management, a unique market niche, offering superior service at a competitive price, solid relationships in the travel and courier industries, and a very lucrative and ever-growing demand for travel and shipping to and from St.Petersburg and the Baltic region, the Company has all the elements in place to become a soaring success.
http://www.global-perfectworld.ch/money.htm
.
Re: Watermark Capital Ltd.
"I could find nothing linking PLRO with that group."
Watermark paid for the 16 page Hubbert Market Digest PLRO Report. At the bottom of page 14, Watermark states, by their own description, a non-controlling shareholder, to provide public awareness of PLRO. Watermark paid $1,259,000 for the promo.
bottom of page 14:
http://hubbertmarketdigest.com/media/Hubbert_PLRO.pdf
.
Same Ole PLRO
shaw:
"The most interesting thing to me is that this jump occurred without any news."
I can not believe that you said this, shaw. That is about the most ignorant and misleading thing you have ever said. For your information there was NEWS Friday. Monday was the first day that many investors could react. FYI here is the link to the NEWS:
http://biz.yahoo.com/iw/070413/0238533.html
Personally, i was stunned that the stock price did not rise Friday on the NEWS. Apparently, investors are catching on to PLRO's Game. The Shareholder Meeting was merely a formality, Ms. Pineda voted 22 Million shares. Approval was all but guaranteed, I will bet that not more than 4 or 5 shareholders, if that, went to the Meeting, or even returned their Vote. All they needed to do was hold the Meeting, which after 6 months of time and effort, 8 SEC Filings totaling 951 Pages, they have finally accomplished.
* So now the shares have been Diluted from 6.5 million on September 30, 2006 to over 102 million shares, 7 months later. More Dilution to follow, from PLRO itself:
"1. It is my understanding that IR company is likely to be replaced by a much more sophisticated NY based IR firm that is perceived to be better positioned to represent the company to investors, particularly sophisticated financial institutions, through the company's next round of capital raising."
Translation: More Dilution coming.
http://www.investorshub.com/boards/read_msg.asp?message_id=17881566
* PLRO still refuses to address the issue of PLRO Listed on 2 German Stock Exchanges, which are notorious for Naked Short Selling.
* This company changes direction at the drop of a hat. The last SEC Proxy states that the stock will have a Stock Symbol change and CUSIP No. change, now the PR says that they will not change. Stay tuned, that may change again.
* You better hope the stock rallies soon, or else PLRO could descend below $1.00 rather swiftly. PLRO has severe Technical Damage. Many investors bought anywhere from $1 to almost $6, before the Plunge. Many investors just want their money back, and will bail at the first chance they get. That explains the price action of the last 2 days more than anything. PLRO is dead money for quite a while, on a Technical basis alone.
* PLRO announced "Revenue Commences" back in early November with the introduction of railroad curve grease. Yet, the recent 10K which included the 4th Quarter, had no mention of these "Phantom Revenue". Why not? Was there ANY Revenue?
* To get this stock moving in any significant manner, would require their entrance into the Oil Markets in a big way. However, PLRO states that, that will not happen until 2010. It states so in their 10K, read it.
The list goes on and on and on. Just be aware. Will PLRO introduce products and make some sales? Who knows. That is still very debatable. Their own actions do not instill confidence in investors. The point is, even if they do make some sales, PLRO is not an investor friendly company. Look at their recent actions. Read that again. PLRO is not an investor friendly company. What that means is that IF by some major miracle, PLRO introduces some products, investors still will not reap any of the benefits. More Dilution is coming. Do you really expect the company to all of a sudden being concerned about their shareholders? Some companies, the management has their own agenda, other companies do what they are supposed to, and put the welfare of their shareholders, first. You have to decide what is the case with PLRO.
IMHO.
.
Visit With Dr. Choe Part II
By: dutch-joop
16 Apr 2007, 11:30 PM EDT
Msg. 5895 of 5896
1: Financing.
Mr. Wang appears to be a conservative old line business man. He refuses to enter into toxic financing deals and/or funding by banks or large corporations in China that want a big piece of the action or oversight control. They (Mr Wang and assoc) want to maintain complete majority ownership and mgmt control. That leaves few if any sources in China for financing (according to Dr. Choe). I believe that they had hoped for much greater (financial) benefits from the U.S. OTC listing. When asked directly, Dr. Choe said that they can continue and grow from revenues and profits alone, albeit slower. With no operations in the U.S., financing sources here are basically limited to convertable financing i.e. no go.
2: Exchange listing
We agreed that matters would improve if they could get listed on the BB or even the new QXF. However, both of these require GAAP audited statements. For domestic Chinese Co's these can only be obtained in Hong Kong and cost in the order of $200,000, extra cash that TTCH does not have, a true chicken and egg situation.
3: Markets
The China market is huge and growing and will keep them busy for years. India next door is as big or bigger. Due to the configuration and size of the product, assembly areas need to be set up at the site, the brochure shows more than 10 such sites in China. If they were to enter the U.S. market, they would need to build plants and sites here. TTCH does not have the funds to do this, especially with all the U.S. regulations. This could only be done under license and they are not anywhere near ready to do something like that.
4: So?
I have no doubt that TTCH is for real, way way undervalued but doomed to stay under the radar at least until Dr. Choe finds a suitable (and affordable) pr firm. I have a feeling that this will take a few more months.
Dutch.
http://ragingbull.quote.com/mboard/boards.cgi?board=TTCH&read=5895
p.s.
Much thanks to dutch-joop. For his outstanding efforts and willingness to share. I suppose I should state that I do not personally know this person, I can not guarantee it is factual. Do with this info as you see fit.
IMHO.
.
Visit With Dr. Choe Part II
By: dutch-joop
16 Apr 2007, 11:30 PM EDT
Msg. 5895 of 5896
1: Financing.
Mr. Wang appears to be a conservative old line business man. He refuses to enter into toxic financing deals and/or funding by banks or large corporations in China that want a big piece of the action or oversight control. They (Mr Wang and assoc) want to maintain complete majority ownership and mgmt control. That leaves few if any sources in China for financing (according to Dr. Choe). I believe that they had hoped for much greater (financial) benefits from the U.S. OTC listing. When asked directly, Dr. Choe said that they can continue and grow from revenues and profits alone, albeit slower. With no operations in the U.S., financing sources here are basically limited to convertable financing i.e. no go.
2: Exchange listing
We agreed that matters would improve if they could get listed on the BB or even the new QXF. However, both of these require GAAP audited statements. For domestic Chinese Co's these can only be obtained in Hong Kong and cost in the order of $200,000, extra cash that TTCH does not have, a true chicken and egg situation.
3: Markets
The China market is huge and growing and will keep them busy for years. India next door is as big or bigger. Due to the configuration and size of the product, assembly areas need to be set up at the site, the brochure shows more than 10 such sites in China. If they were to enter the U.S. market, they would need to build plants and sites here. TTCH does not have the funds to do this, especially with all the U.S. regulations. This could only be done under license and they are not anywhere near ready to do something like that.
4: So?
I have no doubt that TTCH is for real, way way undervalued but doomed to stay under the radar at least until Dr. Choe finds a suitable (and affordable) pr firm. I have a feeling that this will take a few more months.
Dutch.
PS to Schwartz. No Kevie here!
Backlog Reduction
By: dutch-joop
16 Apr 2007, 10:02 PM EDT
Msg. 5894 of 5896
(This msg. is a reply to 5893 by chance_to_see.)
Chance that's what he said. When I mentioned the 100M+ number he recoiled and said: "No, no they have been shipping, it is now about 25 Million"
Part II is next.
http://ragingbull.quote.com/mboard/boards.cgi?board=TTCH&read=5894
.
My Visit With Dr. Choe Part 1
By: dutch-joop
16 Apr 2007, 02:45 PM EDT
Msg. 5892 of 5896
Upon arriving at the complex again I saw that the board for room 307 read BD techn. The sign on the room said Iagam Techn (also registered for the phone no). Inside the 3-4 man office I found Dr Choe alone. It turns out that all these Co's (including the defunct Stanford Venture Group) are derelicts from the dot/com bust era. I told Dr. Choe that this makes a bad impression on investors and made the Co look like a scam set up. He vehemently denied this (a scam) and said he had not thought this to be important but I urged him to assign the room and phone to TTCH. Dr Choe is a one man operation here and is also involved with helping other small Co's. He did the website and is also doing the prs. He apologised for not keeping the site up to date but his time is limited. He told me the problem is that TTCH does not have a pr firm in the U.S. but he is looking for one. We discussed this and the danger of getting involved with a pump/dump operation of which he is well aware.
He gave me an impressive 6 page color brochure of TTCH, produced in China, showing many pictures of the facilities, products, employees and awards. To save me a lot of time and words, I will refer to posts 5831 and 5836 by Speculater (thanks a lot spec) which we discussed. All is confirmed except that in spite of operating capital shortages they have continued to ship and the backlog now stands at 25 million.
In part II, this evening. I will talk about financing and markets.
http://ragingbull.quote.com/mboard/boards.cgi?board=TTCH&read=5892
Post # 5831:
http://ragingbull.quote.com/mboard/boards.cgi?board=TTCH&read=5831&submit=Go
Post # 5836:
http://ragingbull.quote.com/mboard/boards.cgi?board=TTCH&read=5836&submit=Go
.
His First Trip
By: dutch-joop
05 Apr 2007, 09:45 PM EDT
Msg. 5883 of 5896
Well, well dear board members, since the phone is only an answering machine and I live about 20 min away, I decided to take a look at their Mountain View office. It is a ranch style complex with about 70 offices. The people in suite 200 are another Co and have been there for more than 6 months. TTCM China was not listed. I then went to the Mgr's office and asked where TTCM was located. He said he never heard of the company!!
I doubt if this so called president ever resurfaces so we could ask him where he is but if I were a shareholder I would contact the SEC!
- - - - -
http://ragingbull.quote.com/mboard/boards.cgi?board=TTCH&read=5883
New Info
As you may or may not know, TTCH has an office located in Mountain View, California. There is a poster on RagingBull named dutch-joop that lives in that area, and decided to visit the office and see what info he could get. He first went there about April 5, he could not locate the office and even doubted that the company existed. That post may be one reason why there seems little interest in TTCH, low volume, and the share price drifting lower.
Well, he went back, located the TTCH office, and even had a good chat with Dr. Choe (TTCH President). In short, the news is good, and verifies everything we already knew about TTCH. They even discussed the current Signed Contracts Backlog, which is much lower than I expected. IF you are smart, have done your DD, and are willing to perform some elementary calculations, you can probably get a good estimate of TTCH 2007 Earnings, and thus a rational stock price for TTCH. There is a post here that looked at a hypothetical stock price using certain Revenue and Earnings Per Share. In the future I and hopefully others, will be posting here a more appropriate share price for TTCH. However, do not rely on others, with a little effort, you should be able to make your own projections, with this new information.
I have done a lot of DD on TTCH and was convinced it is a good investment with outstanding potential. I admit, due to recent stock price action, have been wondering why things were not adding up here. This new info explains some things and reaffirms the viability of TTCH. Do your own DD.
The posts from RB are so important that the posts in their entirety follow this post.
IMHO
.
Groups Of 4
"Multiplying the four tubes set is going to be relatively much easier than it was creating the first 4 out of nothing."
Very True. Natchez will eventually hold 200 reactors. However, the key words here is "Groups Of 4". The reactors will be built in groups of 4. So in essence Natchez will consist of 50 groups of "Groups Of 4".
After the First Goup Of 4 is up and running, it is merely a matter of duplication.