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Why wouldn't it?....
We aren't hearing a thing about power generation...
Nothing...
speaks for itself with USSE....
Sack..
Not suggesting USSE should be trading north of $6...
But...it shouldn't be trading at .08-.09 either....
Obviously, the expectations for BFRE are higher...
Might I add here in general that Blue Fire Ethanol...another pink sheet stock...has no revenues...
And is trading north of $6/share?
Larry...
You know what I DON'T like?....
People posting that they 'like' something without anything backing it up...
It's a free country...so post away in any manner you like...
But, if you are really a USSE cheerleader and want investors/potential investors to see what you see, it might be nice to put some "meat" behind those "potatoes"...
Double M...
They are referring to doubters of the process itself...
The rest of the doubt by investors is because there is a lack of (real) progress, lack of meeting announced timeframes, lack of meeting previously announced expectations...
The Princeton news was, to be fair, some progress...AgriMax might wind up being the same...of course, it would be nice if either of these entities were already generating revenue...
Rivera set the timing for revenue generation very high...
Until there is actually revenue generation, this is all just a nice bedtime story...
To be fair, maybe Dr. Z. will put this thing on the right track, but this is frustrating...
I am a technical trader...I don't usually look into "stories"....I did it here because a friend (and I'm rethinking that) told me about it...I looked into it and without going long here, I bought into it...
Yes, patience is a virtue...I know I'll be perceived as some kind of frustrated trader, but my intent here is not to trade USSE for a few pennies....
Credibility alone though has probably cost pps about a dollar/share...because pps is partly built on expectations and perceptions..
It's at 8-9 cents for a reason....the expectations are pretty low....
Right now, for me, it would go a long way toward credibility if Rivera delivers the fuel to Paul for testing...Yes, I don't know why USSE wasn't setting up independent testing for this before and why they needed an investor to offer to do it, but if it gets done, that would be meaningful...at least to me...
But...Paul doesn't have the fuel yet and I see from his previous post here today that he hasn't yet received a call from the guy to set up shipping of the fuel...According to Paul, Rivera said this week...can he meet THAT timeframe?...
And finally, whether Davis got canned for outright lying or not, what is the dang status on the 100+ quotes that were either out there or being worked on to be sent out?....
In the entire United freakin' States, there has to be somebody out there with more than just curiosity....Out of 100+ (unless Davis lied), how many went out?...how many are still being worked on?...are we still hanging our hat (and hopes and money) on Vidalia?....
Because, yes, Virginia, the company's original strategy to get to market quickly and generate revenue was through power generation...
Now, with these biodiesel additive JVs, has that (strategy) changed too?....
If so, might be nice to tell investors....
I stand corrected...other than I asked Richard Paigano of Redwood in January if they were actually going to meet their target of building 200 reactors by YE2007...
He told me once they got going, it would only take about 6 months...
If Richard misunderstood me and only meant four reactors, then I also stand corrected...
My other comments about the companies zig-zag approach to business still stand...
Building up false expectations?
There aren't ANY expectations....
Sorry...have to disagree...Was in the WSR report and confirmed by Redwood when I called earlier this year...
You've been looking at the "current news"...
Spec...
What are the chances they can get reactors up and running in Princeton when they can't even finish them in Natchez?...
Keep in mind, they were supposed to build 200, 200 mind you, in Natchez by year-end...Ain't gonna happen...and if the plan changed, that's fine, but it would be nice if management actually communicated what the heck is going on...
Larry...
With each successive (and I'll give the benefit of the doubt by using the word seemingly) meaningless PR about JVs, the company loses credibility...
With each missed deadline, the company loses credibility...
With each day they can't convince somebody to buy, they lose credibility....
Companies need money to survive...I haven't looked at their burn rate or if Mr. DeepPockets is going to continue to float this as an open-ended commitment...
But, this company needs to produce....revenue...
The WSR report which the company paid to disseminate their story (which sounded REALLY good) said in essence, Vidalia was a lock and revenue generation would start in the second quarter of 2007....That story sucked me in....
Now, it's just a bunch of missed deadlines...
I'm not trying to bash Zuckerman, JR, USSE, Smith etc...
I read these dang posts every day, look for news, look for progress on Rivera's site....The news is lukewarm at best...and it's frustrating that when we do see news, it isn't really news....
I'm not the first guy running credibility and revenue generation up the flagpole...but I intend to keep that flag flying...
USSE management needs to take notice...I've written to JR himself about delineating the company stategy so investors can see the straight line....
I'm not seeing it....
Dave...
Refresh my memory...where did it say that in the WSR report?
Instant gratification?.....
I'll settle for clear direction with delivering on announced timeframes !!!!....
And while I understand your second analogy, that assumes EVERYBODY is an idiot and won't look further into what seems to be a good thing...
That is not true....
I'm not now whining for more PR to pump the pps....
But consistent PR in major media of independent tests might raise more eyebrows in places where USSE isn't either looking or places where they couldn't get their foot in the door before....
Why are we flying under the radar?....
I have personally e-mailed JR with articles about how here in SoCal, there's whining and complaining about having to spend more money to comply with Clean Air (in power generation)...
Told him there's gold in them thar hills....
Contact these people out here in CA and give them a new way to save a ton of money AND get the air cleaner...
It's a freakin' gold mine for power generation out here in CA....
What the hell are we doing with no name biodiesel companies in Illinois and Houston?....that aren't even producing biodiesel?...
OK, forget CA....
We can't forage around for those ALREADY producing and talk turkey?....
And while I'm having a meltdown, PUH-LEASE...we get "miscibility" testing pictures from some guy at/near an airport from the back of a truck?....
That's our idea of credibility?.....
SS...
Don't get me wrong...I think it's great you are willing to test the fuel...
I don't know why the USSE management team, while seeking "faster" (and I use that term loosely) ways to market with power generation, wasn't pursuing your avenue sooner (whether with you or someone else in that field)...
If your test results show the fuel is superior, wouldn't it be nice if the company PR'd it...especially in light of the fact that you have built and driven one of the fastest cars in the Northwest?....So, you must be an A-list celebrity (at least in the dragracing world) in the Northwest...
Now, wouldn't that be something?...
And that's more of the problem I'm having...(not to mention you don't HAVE the fuel yet, do you?)....
If JR delivers (which would be an accomplishment in itself), please let me and our IHub brethren know...I mean just delivers the fuel...
Do you know JR personally that he would just hand over the fuel to you?....I'm having trouble thinking he would give you the fuel (with no signed agreement)...
If he does, I'm glad...you seem like a good guy...and a good candidate to test....
But maybe somebody could explain why I'm doubting why?
The problem is JR made Vidalia, particularly in the WSR report, sound like a done deal...
That is the major reason I bought the stock....with first customer lined up, revenue projections for the second quarter seemed reasonable...
Turns out JR didn't count on Vidalia backtracking...
Larry...
Nice analogy, but good management finds a way...
It's called doing business...
You stick your foot in the door and don't take no for an answer...
You find a way to present it so that only an idiot wouldn't listen...or maybe you give the first player an incentive that if it doesn't work, they pay zilch....
If you are SO confident that this product will work, you can make that guarantee (obviously, the terms of what will constitute that it works would have to be clearly defined in legalese)....
JR, in the original Vidalia demo, said himself he was offered un-Godly sums of money for it....
Somebody HAD to be interested if that was true....
1) Princeton....target date?
2) Houston....soon?
3) Connecticut...target date?
4) DR...You're kidding, right?....
5) Italy...New one...haven't heard that before
6) PA....I thought he was MA, but nonetheless...when?...
This company, and I don't care if it's small scale, has got to start DELIVERING...
And Larry, you have to admit, USSE has lost credibility because they can't stick to a target date for anything...
It will be extremely small, and I have my doubts if they can even stick to it, but if they don't break ground June 14 in Princeton, it will damage credibility even further....
Sure, sure....new company....growing pains....
The STUFF should be selling itself....
We need credibility AND direction....spelled out...and EXECUTION !!!!...
Let's go, Z and JR....Get this dang thing off the ground...you can only pedal so far before you run out of runway....
Sack (and please, I'm not attacking you, Larry, Paul or anybody else)...
At this point, if the products are THIS good and the climate is THIS good for biofuels, what is taking so long to produce any significant revenue?....
The sale of $300 worth of fertilizer to someone already familiar with the company wasn't worth the paper it was written on...
Was Davis just flat out lying (and is that what got him canned) when he said there were over 500 requests for power quotes and they had short-listed it to about 180?
If true, what is the status of ANY of them?....If we can't lock in ONE, what seems to be the problem?...is it the municipalities themselves?...
Why CAN'T a large player be convinced that this is worth taking a look at (so THAT can be PR'd)...
I still don't believe that USSE/SSTP are scams, but this looks, at least from my vantage point, like the lamest management team I have ever witnessed...
And that's from someone who HAS witnessed a lame management team at New Century Financial...
Let's get this thing going in the right direction...
Where's Zuckerman?....get the dang word out, man !!!!
Yup...and I saw Elvis soaking up the sun here in Corona today....
Where is the contract with an existing, already producing player?...
I'm soaking up smog fumes here in CA....
We sure could use some of that CLEAN GREEN energy out here...
Are we even looking?
Well, SSTP isn't supplying the fuel...it's supposed to provide power...
And it isn't really news...
Sorry, Sack....When are they going to hook up with a player that's already producing?....
Yes, you might be right that the big boys are arms length, but there MUST be smaller players that are producing that can generate a contract with USSE..
Or is it that only the new start-ups will buy in to JR's bluster because they think it's going to get them off the launching pad...
Despite Larry's cheerleading here, investors here are not really getting any good read on where and how fast this company can move...
All it is, except for naming a new CEO, is a zig-zag...
Where's the straight line?...
Anybody have any (current) news on the status of the reactors in Natchez?....by my count, they should almost be done?...(end of May)
This company needs to deliver on some things as advertised...
ssracing....have you signed some sort of agreement with JR about not doing anything with the fuel other than test it in your dragster?....I can't believe an inventor who is trying to run under the radar like he is with the provisional patent would suddenly just turn over the fuel to an investor for testing...
And ssracing, I don't know your prowess on the drag circuit...I mean if you are a high-profile professional, then let me know, but where is the testing of this wonderfuel even in their own backyard?...Summit is old news....Running demos in ATVs is old news...
For crying out loud, buy a freakin' car/truck as an asset of USSE and run it on the dang fuel day and night...
This "liquid gold", if it really is THAT good...should be selling itself...
I don't expect this to run to $ 30 bucks overnight, but for crying out loud, the USSE team is doing absolutely nothing to assuage investor anxiety about where this is going and get the pps up a little...
There are other companies, even on the pinks, that lose money and still see the stock price move up....
Where is the PR?...What?...Davis got canned and there isn't anybody else here in the States that can PR this thing?....
Come ON....
Villapiano was a linebacker....not a d-back
I remember reading a story about Phil Villipiano, the old d-back from the Oakland Raiders....In the article, he recounted the story of when Oakland offered him his first contract...
His father told him in essence, "not to screw around and sign it"...
Phil went on to a long and fulfilling football career...
My point?....don't look down on Vidalia as a "little town"...we need credibility and it would have been better to get that one done and running....
If done successfully, USSE would be naming its price for the bigger fish...
Right now, we've got nada...
And sorry, copley...
That wasn't meant as a direct reply to you....
But, where is this company going?...
What's the plan?....
What's the timeframe?....
Let's get these contracts signed...
I understand this is JR's baby, but where's the straight line?....too many zigzags...
Let's get it together....and get this freakin' company on the map....
Is that what USSEC is resorting to for revenue generation?..selling T-Shirts?
C'mon...let's see some REAL revenues !!!!....
Hey..here's an idea...why don't they buy a junker truck for the business and run it on the fuel....doing company business...
How much could it cost?...couple hundred?....
Wouldn't that go a long way in showing engine manufacturers how good the fuel is?
I know this won't generate revenue $$$, but it would take some of the mystique out of it....run the dang thing on USSEC fuel for a year...
In the meantime, sign a dang contract to produce power or sell freakin' fertilizer...
What is taking so dang long?
Generate some freakin' revenues !!!!
What happened to the Air Force?...I thought they were going to be jumping all over this ?....
I thought others were testing the dang fuel?...where are the results?....
Where is the dang PR getting the word out?....
And while we're at it...get a new IR crew...I could do a better freakin' job than Redwood !!!!....I'm almost out of a job...Hire ME !!!!
Generate revenue !!!!...
That's what we should be pressuring the company to do...forget this dividend crap....Price to earnings on zero earnings is STILL ZERO....
Damn the dividend...full speed ahead to REVENUES !!!!
You can if you can't legally deliver on shares of SSTP, which seems to be the problem in the first place...
I don't think JR didn't want to deliver on his promise so he came up with an alternate...
And now, much like the President of the United States, he is not going to be able to please all of the people...
Not saying Illinois is fake...but they are virtually unknown....
What happened to the 180 "quotes" that were either being worked up or were sent out?
What happened to Vidalia?....
Exactly what is the company getting accomplished?
C'mon, Larry...I'm long this pup too, but how hard can it be to get a contract with the "gold" with some real revenues attached to it?....
Why are we not selling fertilizer in gajillions of tons?...
It may be the "Six Million Dollar Man", but it seems to be in super slow-mo....
I want to see progress that results in revenue $$$....
Spec..
Got your PM...I'm a freebie too...
Believe me, I'm not on the "lawyer" bandwagon...
I think it's counterproductive...
All I'm doing now is waiting for the dust to settle...
Z....
First, I have no intention of selling my position...this is an all or nothing at this point...
Second...I don't see how they can reverse...there is no mistake...
You cannot award shares to people who don't own them anymore....
This is supposed to be a reward for those who held...
I wouldn't take anything as gospel from Redwood...they don't know their ass from their elbow...
I suppose I could be wrong, but I've held shares of companies whose stock had split...I sold the stock and NEVER got the split shares (after the record date)...
The information posted by one here in the last few days is accruate...the split shares follow the actual shares...
As post 12/1 buyers have put it, it wouldn't be fair to shareholders who bought after 12/1....
Frankly, this whole dividend thing is a mess....I'm betting JR found SSTP dividend undoable and in an attempt to deliver on his promise to USSE shareholders decided to go this way...
His intention is to reward investors still holding shares...not those who sold them (especially those who flipped them)...
I'm not an authority on all of this...can only tell you my experience...I think Redwood is wrong...
DTC = Depository Trust Company
It's the electronic clearinghouse for securities...
http://www.dtc.org/dtcpublic/html/lob2/prod6/drsdetail.htm
I had 10K share pre 12/1...bought 40K in 10K blocks after 12/1 (Feb, Mar, Apr)...
That's 50K...
I got split shares in my account this morning 50K
Total: 100K
Should mention I'm with Schwab...
Got my shares...all of them....pre and post 12/1...
If that helps anyone with their situation...
That's what my Schwab StreetSmartPro is showing me...
Like I said, I would think it was supposed to be .09
I'm showing a print at .009....USSE down .081...WTF ?
That has got to be an error...should be .09
Well, that's what it looks like to me too...
"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."
And would make sense...now, can we all just calm down and see what happens?...I have a feeling this issue will work out...had the ex-date been prior to 12/1, I think you would be right, but since the ex-date (according to a prior post here) is in May, everyone who bought post 12/1 should be OK...
You're right...so ignore those people...
Don't let others shake your tree...
If USSE is holding a large stash of SSTP at 10, I would think they could sell it and put cash on the balance sheet, no?
(and please, naysayers withhold comments on JR lining his pockets)...
Has anyone even considered that JR was frustrated on the progress of distributing the SSTP dividend?...was he not on the CC just week ago apologizing for the delay?...isn't it possible that he felt this would be a way to fulfill his promise to USSE shareholders since it is holding a large position in SSTP?...
Alright, perhaps he didn't think it all out (i.e. post 12/1 shareholders don't get the dividend), but isn't it possible he was trying to do the right thing by shareholders and got it wrong?...
For the record, 20% of my position was purchased in November...
Nothing, goose...
Except news of a contract with significant revenues attached to it....
And I'm not suggesting in any way, shape or form that's going to happen before THIS dividend supposedly gets paid..
The massive selloff could occur not because of the dividend, but because investors are losing faith, getting skittish, angry or just plain worn down...
I have written JR about eroding investor confidence (no replies)...
Again, somehow, I think JR has something...but I'm not sure he has the business savvy to get it done...
There's a lot of emotion on the board since the announcement of this new dividend...I understand it, but I would hope investors would think things through before trying to retain attorneys...
Once that happens, it's over...for all of us...and they'll never see a penny (no pun intended)...
The best way to handle this is to contact JR...Redwood is entirely useless...whoever has ties to JR should contact him...I e-mailed him again today on this issue...
Frankly, I'm not in favor of dilution, but I was never in favor of the United Ethanol merger or a restriction on the SSTP dividend among other things...and I've had every opportunity to sell my position (or at least not add to it)...
Most reports from the 24th generated some positives...and though I am not overly impressed with Illinois Biofuels (simply because they are not a large, established player), there was even some positive news being generated on that front...
I'm afraid dilution of zero earnings is still zero...my feeling is that if USSE can get it done (and I understand that some are feeling they can't), none of this dividend talk will mean anything...and if they can't, it won't mean anything other than a bunch of people gambled on a wing and a prayer company that ultimately couldn't get it done...and we'll have lost it all...
It's a free country either way, but I would hope investors would resort to contacting USSE and Rivera before bringing in the suits...it's the first thing everyone wants to do because they feel they've been wronged, but in the end, it won't really matter...
It will only matter if USSE can execute...
As Dennis Miller always said, "That's my opinion...I could be wrong"...
And to add...
If USSE is holding shares of SSTP and SSTP is "flying" (to quote an old source here), USSE will gain value as well...
Sack...
Yours is the correct response...
I only hold 20% of my shares prior to Dec 1st, but I'll be happy if they can deliver on time...
I never liked the restriction on the SSTP dividend...and I wouldn't have liked it here either...Who knows what pps will be in a year or two?....and the way stock prices take off and then crater over short periods of time for a myriad of reasons means a restriction restricts the shareholder from making an informed decision to sell...restrictions should be for insiders only...
Let's face it...if it takes off, no long will be complaining...and if it doesn't, it won't be the dividend that keeps pps low...it will be a lack of buyers...and the lack of buyers will mean there is a lack of momentum in the business for either company...
Let's just see if management can deliver this one on time...