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I thought we were running a reactor for more than 8 hours a day. Why are we only producing "Up to 1000 gallons a day of biocrude"?
The algae is in the test reactor, and only 5% oil, was this a mixture with other products? Even if Algae works, it will be years away from use as a viable feedstock. Still in its infancy for algae production. They didn't say what they produced, just that it burned. Any thoughts on this?
Making statements like "Buy today or you will miss the SSTP spinoff", "revenues and production in 10 to 12 weeks", and "shipping product in 72 hours" make him a bad person. Those statements were all made to get people to buy stock, whether directly from him or not.
Missing those deadlines is not from change of business plans. In order to make those statements in the first place you would have to be 90 to 99% through the process to attain those goals, when in essence he was 0 to 10%, and he knew he was no where near completing those goals. Thus they are blatant false statements.
When it involves my hard earned money it does.
So Bioman started the rumor on his website, maybe he is trying to unload some of his shares.
I may have missed it, was there a public PR from the company about production this week, or a rumor by those always speculating this IS the week.
Panic selling? NO. Total body numbness from this last year? YES.
Probably salaries.
Maybe because the pictures don't show anything coming out the spigot.
For a supposed multi billion dollar company (USSE/SSTP), all they could squeeze out of multi millionaires was a measly 2 million. Even then, they were only willing to put in chump change of 200K. That is not the funding of someone who is totally sold on management and the product.
Pathetic share price, new closing low. The only momentum play I see is down.
Please be very specific on the contracts, I am not aware of any. MOU's don't count. Please post names dates and agreements.
BioTar and Feathers!!
Not talking about the common sale of a product, but the damage to shareholders done by giving away part of the company without just compensation. This goes to show that USSE cares more for SSTP then it does its own shareholders.
Anyone want to explain how SSTP which has the rights to sell and distribute USSE's product, can name and trademark USSE's product as their own?
They don't own the reactors, and they don't own the biofuel until it is sold to them. After all if USSE ever broke the contract to have them sell the product, it wouldn't be their Vertroleum.
Just another nail in shareholder lawsuits against JR and USSE.
Could care less about the pictures, I saw the 5 reactors in Natchez 8 months ago, although they have a few more wires, boxes and gauges now. Come to think of it, I actually saw the same exact pose by JR on the original Freeus reactor. Then it was on his tires to fuel website (can't remember the name of the comapny then)back in the days when it was located in Port Gibson. Pictures don't make fuel. Show me a full tank of fuel and someone buying it, then I will know all the required processes have been completed. Until then it will continue to go down.
I was pointing out that the website being used as verification and the info on that site were not a company endorsed site but put out by someone who has over invested in this company.
This is Ron from Conn's website. He has more money in this than he should (as do I) and is pumping to keep it going. That site is not from the company.
Why are we sending 10 biodiesel reactors? This means we have to pay and build biodiesel reactors, we don't want to be in the biodiesel business. We want to be in the Rivera Biofuel business, of which we are only sending the 2 reactors we already have, and by the looks of it no agreement to build more. Are they not interested in 10 of these?
Something a little fishy here. Will biodiesel production numbers be somehow conveniently fuzzed up so we think they are producing biofuel? I know people will say we are need to generate revenue, but isn't that taking time and money away from what the supposed future is to be.
I hope you have a few more of the "X days and nothing accomplished" postings available, because your going to need them.
That was put out by a PR company paid for by JR. I read it. All numbers were given to it by JR. He used it to pump the stock, I should know, I bought some.
Based on the numbers, timeline at the time, limited dilution acknowledged in the publication and cost of feedstock, etc. etc. etc. Now that publication is on the junk pile of history. It was also based on electricity production not fuel sales. Relied on subsidies, etc.
Now we are in complete no mans land without any substantiated business specifics. What we have is something that supposedly can now be turned into something called biogasoline. We don't know what the chemical structure is, the costs of feedstocks and the production number potential. We have not had working reactors running non stop to show what real life production numbers will be. We most assuredly do not have the proper permits, registration, etc. required for a new motor fuel. Show me anything that refers to biogasoline in your research. Trust me, I would love to see it, not just confused hearsay without facts.
Without those numbers, who with any real money, would invest in the stock? If you notice, the new partners aren't buying stock, they are forming JV's so they get their cut before it is reported to pennyland, if ever reported to pennyland. They get to bypass this pinky stock alltogether. Our lot is tied to the stock only, which may or may not rise with JV's until we are completely reporting.
Where do you get your numbers for costs and sales prices to make these determinations? The only thing I will acknowledge is that the minireactor makes product. Financial success from that one thing so far has been elusive. We were supposed to have 4 reactors up and running a year ago, they still aren't up and running, and you are talking 200.
USSE weekly closing from last week until today, unchanged at .016.
SSTP weekly closing from last week until today, .028 up to .0303.
If you take the spread into account, not much response to our PR this week. At least we weren't down.
I concur.
I would add, due to significant dilution for those who bought at 20 to 40 cents, it now will take up to 3 times more earnings to reach those levels again. When they bought one year ago there were only 1.3 billion shares (adjusting for the stupidest split of all time) total on the books.
With an operating procedure of dilution, and worthless PR's in the past. It will require herculean performance to reach those levels in the future.
My guess is both USSE and SSTP will be down on this week's close from last Friday's close. That could be discouraging.
If the faithful of USSE/SSTP can only muster about $120,000 on the day of the BIG announcement, and $80,000 the day after, where will the big money to push it to 20 cents come from?
It will take millions of dollars to move this thing through the different layers of resistance to 20 cents as people sell for a quick profit. Millions the faithful don't have since they have spent it all already. Funds won't pick up a penny stock. So where will the money come from? New investors maybe, but since the company now has a track record, skepticism will have to be overcome.
Come to think of it, this "consortium" may do to SSTP, what SSTP did to USSE. How much of the revenue from the JV is SSTP getting?
All money comes with strings attached. Either in splitting of earnings before revenues to the company, new issuance of shares, %age ownership arrangements, etc.
With this JV, I bet the revenue to SSTP, and trickle down to USSE occurs after the "Consortium" gets their split. Much cleaner and you don't have to be sucked into pennyland. How much is left for the 1.5 billion shares of USSE is anyones guess. I only hope it is 1.5 billion and not more. This is becoming harder and harder to place a value on USSE.
Instead of SSTP being owned in its entirety directly by each USSE shareholder, USSE holds around 30% of the stock of SSTP. JR and friends own the other 70% in some slight of hand transaction. For that, SSTP gets to make money without tangible assets. A wholly owned non public company would have done the trick without dilution. Whatever revenues float down to USSE from this deal is anyones guess.
No, it is either a loan, convertible note or equity purchase. Although it is a MOU, it is the first tangible PR with numbers in them. I watch with guarded optimism. The devil is in the details, and whether a contract is eventually signed. In my opinion, This may or may not move SP to a higher continuous level. It would be nice if it was with a company other than one in which USSE/SSTP are part owners.
I like how it says this is done "in the best interest of the shareholders". Good one JR, I am still laughing. The great things about these PR's is it cuts down on my discovery costs.
My attorney thinks I can pick them up in a lawsuit, and some cash to boot. Just have to wait until USSE/SSTP shows some improvement.
How many shares total does JR have of SSTP? How many shares total of SSTP are there? How many shares has SSTP given in exchange for services rendered? How many shares has SSTP sold to raise capital?
How much financing did we get, what were the terms, who did we get it from?
Anyone know what SSTP will pay USSE for the waste byproduct of biofuel?????? Didn't think so. For all we know, those 641 million shares are it, and they get the byproduct for free. After all they are doing USSE a favor by removing this waste material.
J.R. These PR's will not raise the price until the above questions and a thousand others are answered, and we see actual sales with money changing hands!
I might be more impressed if the insiders donated the shares to USSE whence they came. But after 2 years, they remain in the hands of the insiders to do with as they wish. Any idea on the total shares outstanding plus committed by agreements? Is it greater than 5 billion by now?
If these are the types of PR's we get, then I have to assume more important material developments of partners, production, DR, etcetera, are none existent. Otherwise the news of such, being more significant, would have been released instead of these types of press releases. This appears to be an attempt to prop the price of USSE without substance of development or growth by the company.
Where did the insiders(J.R. and friends) get their shares in SSTP? I was promised some at one time, but I didn't get any, so how did they? Very nice of them to lock up the shares they got at our expense.
I wish SSTP would start making some money so the lawsuits can begin. Also to see the paper trail of what, how and for whom, SSTP was created.
Of course JR had a building in Natchez and was building things there as well. That was a big waste. Now we are doing it with 2 reactors instead of 4?
If it can produce, how many shares are there to determine value of this company? We now are supposedly using soybean plant and not the beans. What is the yield per bushel, everything had been tested on the beans. We actually know less about things than a year ago in my mind. Definitely not enough to put a price on things.
Big bucks to move this thing with billions of shares will have to be convinced.
Multimillion dollar company? Do you have access to a balance sheet the rest of us don't have.
I was personally at Natchez in April. They had 4 reactors in about the same state as seen in these pictures. In Texas they have only 2. In Natchez they had the working "FreeUs" tube, not sure where it is now, they had two test reactors and a working Ethanol plant, except no permits so it sat idle. Feed stock was present and so were generators, except shut down because we didn't pay fuel taxes on our product. PPS was much higher then.
So our Houston set up is less then we had, and you say we have made great strides? When there is fuel sitting in one of our tanks, and a verifiable check from ANYONE who paid for it, call me. We can't receive money until all permits are in place or the company will have to deal with the feds. Until then it will go no where.
If you think it is going to .01, why did you buy at .02? I think Mr. Market has voted on the most recent PR's. Earnings drive price, and that requires reporting!
It appears your buys kept us out of the .01's. So if you are done it shouldn't take too long for you to get your wish.