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EEL:
How do you know the O/S has increased by the 104mil plus? I thought that you said the TA had some sort of speech impediment. No really how did you come by this figure? Or maybe I should ask String. I am not sure who posted the 104mil. Ron
Thanks Kippy. I never thought of that. Ron
I'm just stating what I got from WSR. If they need $5mil less 25% (the one already built) = $3.75mil. If they sell 25mil shs at .20/sh then they would generate $5mil. I do know that they have a stock of shares in the treasury besides the 25mil being referred to. They did also tell me that they did repurchase some shares in the open market and these can also be traded in that they are alreay in the float. Ron
And I don't think that the remaining three Reactors will need as much as did the first. For one thing I think the feed tube may be designed to feed all four of the reactors. I do know that all four of the reactors will be integrated. Ron
I undersand that the cost of the full set of four reactors is somewhere in the neighborhood of $5mil. They already have one reactor up and complete and many of the parts needed for the remaining are on site including the tubes. I don't know why the cost is so much. Pretty straight forward except for some specializing such as Chrome Welding. But $5mil can buy a lot of steel and chrome. Thomasson is doing pretty well here I believe. Someone else may have a clearer picture than me here so feel free to enlighten me. Ron
CyGuy: You had inquired about where they said they would increase the float by 25mil sh / quarter. It was on the WSR report and I quote:
"Share count: The model assumes a beginning share count of 664 million fully diluted shares as of the end of third quarter 2006, growing by 25 million shares every quarter ending 2010 at 1.03 billion shares. "
Ron
I need someone to clarify the following statements taken from WSR.
It is important to understand that if U.S. Sustainable Energy were to market and sell this Carbonate 7-3-7 organic fertilizer, revenues generated from the sales would pay for the entire operations of the facility, including the cost of the beans, the cost of the operation, as well as the cost of debt service.
If the planned sale price of the Fertilizer is .09/lb how can this be. I understand that the Subsidy will cover the cost of the Raw Soybeans, but how is the sale of 20lbs of fertilizer/bushel of soybeans going to cover all expenses? Are the carbon credits going to be worth that much. I know I am overlooking something here. I need help. Ron
November:
With respect to your questions; I did not think those questions were directed toward me or this board. I thought they were representative questions to be presented to the CC.
I could help you with most of those questions but since you don't want me to I will not respond. Ron
I've never had a camera with me when I visit the plant. I never even considered it. I am sorry for this and do realize that it would be of benefit here. To be honest, I'm not even sure that I could connect it to my computer.
About the intimidating language, I don't know, it may have not been your post. But I was simply saying in a round about way that you can expect to receive more credible information by killing them with kindness. I didn't mean it to sound as if I was irritated. But I do have a basic understanding of Psychology. I use it every day. Ron
One of the reasons for the delay in construction is related to the need for putting together the infrastructure. Each component must be manufactured independently and that does take some time. The one that they have presently erected was already manufactured while they were still in Port Gibson. Managment has informed me that his concern will be to have an outlet for the biofuel being produced with the four tubes in place. Hence I surmise that he is in no real hurry, knowing that there will be time to spare once the contract is signed prior to imminent need for biofuel. He, I consider to be somewhat conservative whereas I consider JR to be liberal, if you know what I mean. Ron
I don't think they will be receptive to intimidating language. You could likely get a response if you use softer tone with language. Give the impression of concern rather than irritability. JMO Ron
The FREEUS may be composed of 4 tubes but only one is up and running at present. This tube is running only part time because all of production at present is being shipped to different places for testing purposes. They do have a lot of results back from the testing and they are on file. Mr Brent didn't discuss the results with me. He said that he has not really reviewed the results in detail because he is awaiting all results to come in prior to review. That did concern me somewhat.
In the pictures viewed on this website, if that is what you are referring to, the angled green tube is the auger supply of Soybeans from ground level. The white tube (65'long) is the reactor. The collector is not in these pictures. They are composed of two vertical vacuum tanks that collect #1 and #2 cuts. The ash is dropped out of the reactor next to the wall and is blown out to a separate container outside. The other four tubes are presently under construction. They really have no rush for these tubes yet in that they apparently have no contracts completed. They are working diligently on the Vidalia Contract which I expect to be completed within the next week or two(only a guess). When they get the contract they will need at least 30 days for Turnkey to get ready with the Turbines and connections.
As long as I know they are making progress I am content with where I am at this point. Ron
I think the increase in Float is related to the 25mil shares that USSEC has said they would add per quarter. I am assuming that this is where their financing is coming from and it is close to the end of the quarter. Hence additional selling is putting pressure on PPS and that is scaring some investors to the point of liquidation, thereby furthering the downward pressure. Rest Assured USSE does have potential. One must be patient though. The money from the sale of these additional shares is going into the USSEC Treasury and is being used for Variable and Fixed expenses. Primarily the construction of the the four Reactors that I can attest to. Ron
I believe that Turnkey has said that it would take 20-30 days for them to be ready to delivere Electricity. Ron
The Vidalia Contract is still a definite possibility. There are obstqacles that need to be cleared prior to any confirmation. Ron
You say:
"Why becoming public?
One reason is that you stimulate/motivate/reward your employees by giving shares. The better you work, the higher the pps, the richer you become."
I can understand this to a degree but how many employes do think USSEC had prior to becoming public--4, maybe 5? Still seems a little early for an impatient public. Jmho Ron
Well, after reading many of the post here today, I get the feeling that almost everyone is becoming somewhat depressed with the performance of the pps. You should know that the executive in charge of the Natchez does not even watch the stock price. His primary concern is with plant construction and getting ready for commercial production. I can tell you this though.
They are definitely negotiating a contract and I expect it to be consummated within the next week (+-). That is, if all the ducks are lined up. The feasibility of this contract is now being investigated.
Even with the contract though production will not be immediate. USSEC or should I say SSTP will need to ready the platform of Electricity Generation.
Just don't give up yet. I don't know how far the drop will go nor does anyone. But the financial source is not about to pull the plug when USSEC is so close to Commercial Production. I do agree with EEFLND that the company became public a little early. For what reason I am not sure. Ron
Pertaining to the timing of revenue, I think it safe to say that revenue will not appear until sufficient reactors are in place and functional to the extent of being able to provide a commercial volume of Biofuel to sell. With this I am assuming that any potential revenue generated thru ONYI will be credited to ONYI a separate company.
You have seen posted here that the additonal reactors are being constructed as we speak and that virtually all Biofuel presently being produced is for testing purposes.
This board must be patient. Realize that Biofuel as produced by USSE is a new product and the factory is under construction. The Biofuel has been proven and analyzed by ASTM. Now we just have to wait for production capabilities and contracts for purchase. Both entities are presently in progress toward that end. Ron
Sorry about the typo's Ron
Mike, Very good post. Those are numbers that I have been wanting to see. I note one other point of significance and that is the price of Electricity in the New York area are much cheaper than they are in Louisiana. Prices in Louisiana range from $63.97/Mwh to $122.40/Mwh. Most locals that I have reviewed range between %90/Mwh and %107/Mwh. Vidalia is the highest with the %122.40/Mwh. Now you can see why Vidalia needs this contract about as much as USSEC needs it. Just thought this might be of interest for comparison. Ron
The share allocation is derived by definitions:
The company will initially possess a certain number of Authorized shares. From that number the company will release certain number to be freely traded by public investors and a certain number will be issued to insiders or whoever selected as restricted shares. The remainder of authorized shares will be held by the company for a number of reasons. They may want to thwart ane hostile takeover or may need to purchase another company, or may need to generate cash for the company. If the company withholds a certain number of shares from the float then they may be freely traded at any time without special announcement. This is because they are already considered part of the float. They will usually sell these shares as part of acquisitions to be made by the company.
authorized shares: The total shares allocated by the company from the beginning. May not be changed without shareholder support.
Outstanding shares: The total issued Float + Restricted. I don't remember what the outstanding share number is for USSEC.
Float shares: Those that can be freely traded by public investors. For USSEC that number is 146MM.
Restricted: Those that cannot be traded except within certain guidelines and with the permission given by SEC.
Trading shares: Those that are currently being actively traded. This would except those shares rendered to the initial individuals who have agreed not to trade prior to certain date and those held by the company as float shares.
Ron
The 66,000,000 shares that are not in the float are held by the company. They are reserve shares to be used for whatever the company feels to be in their best interest. That may be in the form of stock options, bonuses, or acquisitions. They are not presently being traded but can be tradeable immediately on issuance. Ron
Is your first name John?
Vonitsa Where are you from and I would like to get your e-mail address. Ron
rcgregg9@msn.com
RE> Whether they are doing more testing or not, they could say why they currently appear to get more BTU's out of a bushel of soybeans than are initially in that bushel
That's one of the things that has to be confirmed.
RE> Are you suggesting the only way I will ever be able to get a straight answer from anyone at USSE is if I actually visit the Natchez facility and talk to someone face to face??
The answer here is "YES"
Ron
I cannot tell you which companies are testing yet. I was just there briefly and didn't get into that many questions. I know they are producing fuel though and they tell me it is all being sent for further testing. Will let you know when I find something out and after I have acquired additional shares. Ron
We must accept the fact that USSE is a start-up company. It has the ability to produce a valuable product and by-product. If the product were already proven as a viable alternative to other modes of fuel then the price would definitely be greater than .21/sh. I believe, at this point, that USSE wants everything confirmed prior to releasing it as the viable alternative fuel. This product has been tested by the company and those results have been disclosed. As to the possibile alterations of "physics", that cannot be said without further confirmation. And that confirmation is presently being sought via extensive testing as I have mentioned in previous post. There is always the possibility that the results affirmed by USSE lab may be somewhat in error. Hence they are not willing to disclose such bold statements as "altering the actual BTU content held in soybeans".
To reflect my brief conversation with personel located at the Natchez Plant, I know that they are all convinced of the products and the executives appear to be making that serious effort to promote the product as providing electricity.
They are definitely progressing toward commercial production in that they are now constructing additional Reactors and now do have large storage tanks on site.
PP, I think that you may get a lot of your questions answered if you were to visit the plant. The executives are very cooperative in answering questions. But all answers will be based on that which has been shown to be correct by USSEC. Further confirmation will be available soon, I believe, when the test results are returned from those companies presently testing the Biofuel. At that time it should be presented in the form of PR. Ron
There are items of interest. There are ongoing events that will most likely lead to sound information that will be disclosed via PR in a timely fashion. I must say that there is more security now than there has been in the past. The ongoing activity now requires that you be accompanied by personel and wear a hardhat in touring the plant.
I will confirm though that the other reactors are presently under construction. I do feel positive with respect to the future events, many of which will be disclosed once they are set in stone. I cannot disclose any information that I don't have confirmation of . Sorry to be so vague but that is just how it is. Ron
Vonitsa, Why do you think they disappear from the board? Why do they not reappear to disclose all that they learned. The answer should be obvious. I have been there three times. Ron
The Mayor of Vidalia is still in discussions with USSE. The Mayor will not be one to jump into something like this unless he is assured of its success. The Mayor wants to get electricity cheaper than he is now paying and the market is open to USSE if they can produce. They just have to show some progress with production. Ron
Gordon: I notice that you hae many questions and concerns regarding the validity of USSE and its marker value. Summarily I must remind you that to invest in a PK stock is basically investing in an idea. Proof of its validity has been shown to a limited degree but not extensibly. When such proof and confirmation becomes evident, then and only then, will the value of pps begin to soar. It will shortly lose its rating as a pk stock and with definitive promise of market value for the product created from the idea there will definitely be revenue and profits will be based on the real growth and productivity.
But for now we are still in the stage of an idea. When the test results return from the multitude of Companies that are receiving the product for testing return as being in agreement with that of USSE then the entire scenario will change. On the other hand the test results could disprove that which USSE is promoting, in which case all would fall apart. USSE would then become a shell and the board would no longer be here.
This is the reality of the situation. That is why you should not invest that which you cannot afford to lose. If you are skeptical of that information provided thus far by USSE then you should take your interest elswhere. Ron
I think those Tanks are owned by the neighboring Biodiesel Plant that you can see on the far right in the photo.
Ron
I don't know if they have access to the line. I don't think they do. At any rate one Tanker Truck lload across the river wouldprovide sufficient fuel to Vidalia for an extended period of time. Ron
Dry beans are augered into the reactor. There is no water added. Ron
FREEUS ran continuously while I was there. I could not see the actual product as it was coming from the system because that product is collected in vaccuum tanks, one for heavy and one for light Biofuel. The Biogas was being burned of. Could not see the flame but could definitely see the heat. The Fertilizer was steadily being expelled in a container outside. They do no own any Property on he Louisiana side of the MIssissippi River to my knowledge.
The speed of the reactor is not set to that planned for commercial use. They are still feeding it manually and monitoring the speed for future reference and automation. (That's what they told me). I saw what had been produced the day before. It appeared to be 400-500 gal and one of the men said the Reactor was running for about 3-4hr. Ron
Kippy: The pipeline is there. I run cattle directly across the river from the USSE Plant and there is a huge sign noting the location on my side of the river where the line comes across. Ron
I have seen both in operation. The minireactor is the one that produces 2-3 gal of Biofuel from 20 lbs. soybeans. The large one is the one that I saw in operation the other day. It's the one that is supposed to be able to produce 6000gal Biofuel/day. Ron
It was not University Faculty that I saw. It was one guy with a camera accompanied by one of the office executives. Ron
February 22, Why?
The picture seen here with the long tube and the red step-ladder underneath is the reactor itself before it was wrapped with insullation. This is where the heat and vaccuum extract the Products which exit via the Black drop-pipe to the left. Ron