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USSE: Short Interest UP 46.0% to 29.1K in Jul 2007
WEDNESDAY, JULY 25, 2007 06:00 AM
According to new short interest data from OTCBB.com, short interest for U.S. Sustainable Energy Corp. (OTC: USSE) INCREASED 46.0% to 29,144 shares for the month ended mid-July, 2007.
SYMBOL JUNE JULY CHANGE %CHANGE DAYS/COVER
-------- ------------- ------------- ------------- ------------ ----------
USSE 19,964 29,144 +9,180 +45.98% 1
Based on USSE's 20-day average daily share volume of 916,215, it would require approximately 1 day(s) of buying to cover this short interest.
Well I know a horse that was a champion and going for the Triple Crown but got injured and had to be put down. Ever hear of Barbaro? Even champion horses lose occasionally but most recover to race another day.
I feel that since AMSPEC tested the fuel and the results met or exceeded the ASTM standards, that is a good testimony of what USSE has. This company is well qualified to do the testing and has no vested interest in what the results are. This is directly from the AMSPEC site:
At Amspec, we are committed to providing timely, accurate, and unbiased analysis services to our clients. We operate two fully-equipped, professionally staffed, state-of-the-art laboratories operating in the New York and Houston Harbors. Our facilities have the capabilities to perform a wide range of analyses on a multitude of petroleum products. The highly-trained experienced lab staff ensures that your analyses are performed with the highest level of quality and efficiency. We are constantly updating our laboratory services and practices in response to technological advances and client needs.
Amspec has instituted a comprehensive, constantly evolving quality control system to ensure analytical integrity. The backbone of this system is our ISO 9000:2000 certification. This set of international standards covers all facets of the analytical process from sample receipt to certificate generation. By the end of 2003, Amspec laboratories will have completed certification for the ISO 17025. These standards are more laboratory specific and will serve to ensure an even higher level of quality. In addition to ISO standards, Amspec adheres to standards and guidelines from API, ASTM, and IFIA. We are also active participants in several interlaboratory crosscheck programs such as the ASTM Round Robin and Atlantic Regional programs.
Our laboratories are equipped to test
Gasoline – RFG, Conventional, and VOC
Gasoline Blendstocks, Napthas, Reformates, and Raffinates
MTBE and other Oxygenates
Diesel Fuels – Including Ultra Low Sulfur Diesel and Biodiesel
Residual Fuel Oils
Kerosene
Jet and Aviation Fuel
Petrochemicals
In addition to analysis, we offer some non-analytical laboratory services
Sample Packaging and Shipping
Non- Amspec Laboratory Test Observation
Analytical Consultation
For a full breakdown of available services and a price list please download the price schedule. You will need Adobe Acrobat to view this file. If you have any questions regarding laboratory services or operation, please contact our Director of Laboratories – Ashraf Tariq
Instead of asking me "honest" questions, why don't you answer the questions I posed to you in my previous post? Of course I would like everything with my stocks to go smoothly and all time tables to be on time and all partnerships to go along without any problems but I know that isn't realistic. Businesses in their early stages have to have some bumps along the road on their way to success. The key here is that they can make the fuel they say they can make backed up by independent certified labratory testing. Now they need to find partners to help them get the product produced, sold and delivered. Weeding through the partners who can do what they say and the ones who can't is the hard part.
So what is your explaination of why independent tests from certified labs show the USSE fuel to be equal to or exceed the ASTM standards? Why does everyone who WITNESSES the fuel production come away with only positives? The most recent was Senator Dearing. Is it possible that some companies try to get involved with USSE and overstate their ability to keep their end of the deal? If Illinois and Biocentric were supposed to perform and adhere to certain stipulations and they didn't, what should USSE do?
The two factors here are that the fuel has been tested and passed the tests needed to be ASTM certified. USSE/SSTP need to sift through potential partners and stick with the ones who can actually assist in getting the product to market. All of the other stuff is just part of doing business.
Apparently, Biocentric was to put up some capital for their partnership with USSE/SSTP as stated in earlier releases. Maybe they can't come up with it and so decided to save face. Who knows? All I know is Core Ventures is a company that is involved with a producing biofuel plant in Mason City owned by Freedom Fuels and NewMech designed and built the plant. If USSE/SSTP is involved with them, I would say it is a good deal. They have the Senator working on grants for USSE/SSTP so that will help with funding the projects. I just double checked the address on Biocentric's website and its a 1,200 square foot house in Huntington Beach, CA. My house is almost 3 times that big so maybe they want to expand operations and buy my "headquarters".
What happened to these statements by Jack from Biocentric on June 4th?
This unique Rivera Process of Hydrolysis/Pyrolysis is a cost-effective paradigm in the biofuels arena utilizing feedstocks considered to be of low to no value biomass. Jack Tortorice, President of BCEI/Core, stated, "Our team is committed to funding, engineering, build out, onsite management, and the delivery protocol to empower our association to be first to market with a Cellulosic Ethanol Facility. As other biofuel companies suffer from the escalating and prohibitive feedstock pricing, we will be delivering the solution."
So why might I ask does a man who never posted on Raging Bull before suddenly register and post the information instead of putting out a press release on a real newswire. Also, why didn't he register and post the news when they first signed their agreement? I looked up the address for Biocentric on Zillow.com and it was a residence not an office or an industrial building. It seems that Biocentric is little more than a few individuals working out of a house in CA. The real companies, Core Ventures and NewMech are the ones I want to see USSE/SSTP involved with. Core Ventures is the company Freedom Fuels has managing their Mason City, Iowa plant and NewMech is the engineering firm, with multiple offices, that designed and built the Freedom Fuels plant as well as many other projects. Their website is impressive.
http://www.newmech.com/
http://www.newmech.com/contact/
Here you go:
http://www.agrimaxfuels.com/
Probably until the arraignment..............
I was talking about this:
Production has started in both our Houston and Natchez plants, deliveries to commence as soon as this Friday.
Our present capacity is 12,000 gallons per day, expanding to 60,000 per day within 6 weeks and continuing from there.
Expected earnings $1.20+ per gallon
Yours is a bit different.
Mystical, to be fair to JR he said the shipping could begin "as soon as Friday". That means it could have started as soon as Friday but not definite. That would have been the soonest it could happen.
I was just wondering what he would say about the financing issue in particular and why we don't have the $$$$$. Would just be interesting to hear the answer given, whatever it is.
July 24th GeoBioFuels NEWS
GeoBiofuels has signed its first contract with a Enviro-Friendly Connecticut Marina for a trial run of OD-66 E-Biodiesel. The new biofuel will be used in diesel engines for machinery, boating, and electricity. The Marina will purchase 2000 gallons initialy, for testing purposes. The first delivery of OD-66 will commence on Aug 10. 2007.
Mystical, since JR said it to you directly, why not call him and ask him about it yourself? See what he says and let us know.
I assume they are working on it, Kelmer and others but the testing of the fuel was first priority since once certified it can be sold without much delay. Producing electricity would take longer to start up and I would rather have something producing revenues now. After we have sales of OD-66, then they can work on diversifying the business plan.
I also think the plans for SSTP to be a power provider using USSE fuel is still very much alive. The testing of the OD-66 to get certified has put the other projects on the back burner for now but I believe we will still see SSTP benefit from the tax breaks and green certs and provide electricity.
My opinion is the hard part is getting the fuel tested and certified. We have those results and they are very positive. Now the tedious part of getting all of the permits to produce and sell the fuel/additive. They will need a different permit to produce for sales than they have for R&D. Also, there are forms to collect taxes on sales etc. As long as we have a viable and desirable product, the rest will follow.
JR needs to get some more follow up news on the tape. We got the great lab results, now we need to see actual production, sales and shipments of the products. Any news on new relationships with customers, or partnerships would be welcomed as would info on licenses obtained, financing arrangements and progress on construction of more reactors and the prodcution of those reactors.
I agree. The one good thing is that the fuel seems to have great qualities as measured by independent lab tests. We need to see them selling the fuel daily now to get us out of this cycle.
We need more news out of USSE/SSTP on where they stand on licenses they need for distribution, fianancing to expand production and sales to generate revenues and earnings. Until we start seeing those, I think the stocks trade in the range we have seen.
I have seen it happen with other companies. It is what I would do if I were JR. I would rather give up shares now to make the market cap more reasonable with the option of getting them back as the company succeeds.
A reverse split doesn't solve anything. The shares outstanding need to be reduced by cancellation. If the CEO has an amount of shares that is way out of proportion to the rest of the shareholder base, the remedy is to cancel some of the CEO's shares and resissue them when the company is on the road to profitability.
The solution is USSE/SSTP need to start generating revenues and earnings AND JR should cancel some of his own restricted shares as a show of good faith to the rest of the shareholders. He has a lot of shares now and would still have a lot even if he cancelled several million. He could then reissue them down the road when the companies are on better financial footing as a performance bonus.
Sorry to rain on your parade but placing a GTC sell order at a price that isn't close to the current price doesn't do anything with regards to being able to borrow it for shorting purposes. It might look good for your potential value if it hits that price but won't prevent lending of the stock for shorting. That being said, most retail brokerages won't allow shorting of any stocks under $5 that aren't marginable.
Had what should have been good news yesterday and we are at .105? What ever happened to that "magical" move everyone was talking about weeks ago? I thought we would be back to .20+ by now.
Here is a current list of EPA registered fuel providers as on May 2007. Agrimax is on there. Any of these companies could potentially be a partner/customer down the road if they want to blend their fuels to make them better.
http://epa.gov/otaq/regs/fuels/additive/web-fuel.htm
Good DD speckulater. That is the way to get good intel, call the source and ask clarifying questions.
I don't think so. I think any selling here is from those who need to free up money or are tired of waiting and moving on. It seems to me that now is the time to hold since things seem to be getting closer to actual production, sales, revenues and earnings.
I agree with that myst. I think JR should consider cancelling some of his own restricted shares as a show of good faith to other investors. He can always reissue some of them down the line AFTER the company starts to have revenues and earnings. If he could get the outstanding shares down to a reasonable amount, the stocks would rally and his shares would be worth more and so would ours. It is what I would do in his shoes.
I am surprised that people are selling at .055. With the latest news on certification of the fuel and pending production and shipment of the fuel, I would think we would see more buying then selling. I am holding but once sales are actually being made and shipments begin, I will add.
Comprising the best road diesel available in the world and being 66%
organic, it is OXYGENATED and a benefit to the pollution problem.
OD-66 can be used in any engine that runs #2 diesel.
Production has started in both our Houston and Natchez plants, deliveries to
commence as soon as this Friday.
Our present capacity is 12,000 gallons per day, expanding to 60,000 per day within
6 weeks and continuing from there.
Expected earnings $1.20+ per gallon
Not much buying enthusiasm today. I guess some are waiting for the first shipments of the new OD-66. I hope we see something on that tomorrow.
AmSpec was founded in 1987 in Linden, NJ as Amspec Inc. Following the unfortunate demise of the founder Ed Levy in 1994 the company was run by his widow, Debra until the present management structure took control of the company as AmSpec Services in 1997.
From its’ humble beginning with three employees in Linden, NJ, AmSpec has grown to more than 100 employees with offices and laboratories in the principle ports on the East and Gulf coasts including 2 fully-equipped, EPA registered laboratories servicing New York and Houston harbors
JANUARY 2006
Amspec Services, proudly announces the opening of two new offices in Two UK at Following Locations.
Wimbledon, London
Scunthorpe, N. Lincolnshire
The opening of these offices is part of our continuing strategy to develop the region and increase our customer service base, enhancing our existing businesses both here and abroad.
The offices are linked to the Amspec Services communications network to assure they stay as informed and responsive to the needs of our clients as the rest of the organization.
AmSpec’s laboratory services have evolved from basic diesel and fuel oil analysis to state-of-the-art gasoline analysis and extensive chemical testing. Recent innovations have added complete ULSD and Bio Diesel capabilities to our Linden NJ and Houston TX Locations additionally the Houston laboratory is one of the few laboratories in the region equipped for tetra-ethyl lead blending and evaluations for atypical high-octane products. The Linden laboratory currently holds several RFG contracts and numerous conventional gasoline and oversight testing contracts.
AmSpec is an active participant in industry standard and regulatory bodies. Senior Management currently sits on the IFIA Board of Directors. All field inspectors, with the exception of trainees, are fully certified by IFIA. AmSpec laboratories are active in all available API, ASTM, and Atlantic Regional Round Robin testing programs. In the first quarter of 2003, AmSpec completed its’ ISO 9000:2000 certification.
AmSpec client’s range from the largest multi-national oil companies, US refiners and blenders, trading houses to the smallest end-user home heating oil companies, on which the company was founded.
AmSpec is proud to be able to maintain such a diverse client base through exceptional service. The company meets its’ clients multi-faceted needs with personalized service while still maintaining the independence and impartiality required.
AmSpec’s future plans are based on the principles that have allowed it to reach its’ present status. Further expansion is planned for the company’s existing bases of operation and internationally to both complement and augment its’ current services. International expansion has already started with the establishment of a group of affiliate inspection companies in the Americas; Venezuela, Aruba, Mexico, Central America, Peru and Brazil and in Europe; Netherlands, France and Scandinavia. More affiliates are presently being sought in other locations. The increased geographic coverage provided by expansion and affiliation will help to meet Amspec’s goal of enhancing service and service availability.
IOGH Announces Acquisition of Three Oil and Gas Companies Totaling over One Billion Cubic Feet of Proven and Potential Reserves
International Oil & Gas Holdings Corporation (Pink Sheets:IOGH) is pleased to announce the signing of a Letter of Intent to acquire 100 percent of three privately owned oil and gas companies. Each of the three companies, North East Fuel, Ace Oil & Gas, and Crude Oil Marketing, is an Ohio corporation, which has been operated by the Bobby Anderson family for three generations. As part of the acquisition, additional wells and leases held by Anderson Drilling will be assigned to North East Fuel.
The transaction includes 171 producing wells and 6,079 acres. A reserve study completed June 30, 2007 by M. Hugh Hefner Ph.D. at Hefcorp-jon places the proven reserves at 66,602,000Mcf of gas and estimated potential Coal-Bed Methane reserves at 46,172,000Mcf.
“This is an important transaction for IOGH and our shareholders,” stated Keith McAllister, Chairman of International Oil & Gas Holdings Corporation. “We have been working toward this for months and are excited that everything has come together. The potential upside developmental aspects are enormous.”
The companies being acquired are free of debt. With the added resources of IOGH, anticipated development projects can be completed to bring more reserves into production. Bobby Anderson, the companies’ president, will remain to handle day-to-day operations.
About International Oil & Gas Holdings Corporation
International Oil & Gas Holdings Corporation engages in business through wholly-owned subsidiaries and joint venture partners that are engaged in diverse business activities. The capture and delivery of petroleum and natural gas is most important to International Oil & Gas’s bottom line. Insurance, real estate and a Security Protection Company are also among our wholly owned subsidiaries and partners. IOGH is always looking for opportunities to further diversify its business activities.
Please visit the company's website at http://www.ioghc.com.
Safe Harbor Forward-Looking Statements
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, the Company will appropriately inform the public.
Redwood Consultants, LLC
Jens Dalsgaard, 415-884-0348
Source: Business Wire (July 19, 2007 - 7:34 AM EST)
But this is coming from Biocentric not JR.
“Tomorrows Energy Solutions Today”
BioCentric Energy Incorporated is in the development, implementation, and build out of biodiesel facilities that will provide a yearly capacity of 200 million gallons by the end of 2010. Our partnered refineries will be able to produce roughly 10% of the projected 2 billion gallons of our nation’s yearly Biodiesel production by 2010 as projected by the National Biodiesel Board (NBB).
What A Successful Biodiesel Venture Requires:
• Strong Management (with sustainable business model)
• Strong Partnerships & Alliances (ease of market entry)
• Superior Biodiesel Production Technology (ASTM quality standard)
• Access to Feedstock(s) (for sustainable production capabilities)
• Access to Off Takers (for payment of end products)
• An Operational Plan (risk analysis, quality control, logistics, and marketing)
• Corporate Financing (to fulfill business model)
• Conditions for Project Success (all conditions fulfilled)
The Company focus is on business origination. We outsource to our partners with over 300 million gallons of prior experience for the actual technological development, design, engineering, and construction functions of the build out of the facilities. These Biofuels Experts are well staffed and positioned financially to assume the initial and ongoing risks associated with projects that are of this size and nature. This primary business focus provides BioCentric Energy Incorporated with rapid expansion capabilities, mitigating risk while controlling fixed and variable costs.
I know their website. It doesn't have any of the info I am asking about on it and I was thinking since you are touting it, you must know the answers. Care to post them?
How much of their beer are they selling in dollar amounts or case volume? Where can it be bought?
How do you know how long Freeus has run for? Are you at the Natchez facility 24/7?
Our 'OD 66' or Oxygenated Diesel meets and exceeds all ASTM specifications. As previously announced, Sustainable Power Corp. has received the exclusive worldwide license to acquire USSEC Bio-Waste products to produce and distribute Biofuel. The companies anticipate that Sustainable Power will commence shipments of this new Biodiesel within 72 hrs."
Bids seem to be stacking up at .055 x .059. like to see a green close. 27 minutes to go.