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In my mind, not off the table. Have to see what the value of the company is over the next 12 months.
Easy class action suit. One year ago the PR stated, "Today is the last day to buy USSE to get your SSTP Dividend or you lose your chance". With that, and JR's lack of credibility on a witness stand, slam dunk.
Funding without dilution, DREAM ON. Do you think money is going to come in without a piece of the action? If you think this company would qualify for a straight up loan, you are crazy.
Who knows how much undisclosed dilution has already taken place. We could currently have double the current shares promised in deals. The TA would have no knowledge of promises made until told to deliver the shares.
One year ago there were 650 million shares in USSE only. Within that one year it was divided into 2 companies to share the same revenues with 3.5 billion shares. What will one more year bring when big money wants its piece, 7 billion shares.
Not sure of the value of Agrimax/SSTP Production. After all several companies have put their biodiesel plant construction on hold as the current cost structure has no profit in it.
All Agrimax/SSTP will be making is run of the mill biodiesel, it is not the highly touted JR Juice. So no increased yield per bushel of soybeans, and it must subject itself to the same laws of business of cost and revenue.
I vaguely remember people stating there would be stellar news each of the past few weeks, with each week more definite than the last. Did I pull a Rip Van Winkle and miss something in the past few months? It seems the news and share price are both lacking.
Closer to 3.5 Billion shares since both USSE and SSTP must share the same revenue/earnings, at least I hope there will be some. Although depending on JR, he could arbitrarily split it 90/10 in any preference he likes.
Ultimately earnings drive share value, right now just speculation.
Any side effects such as absorption of micronutrients from the soil needed in the plant?
No you don't, that is why they have market makers. Then they try to unload it fast to avoid being a bag holder.
According to FairwayIron at RB, It appears my numbers are already outdated. A few months back we found out that USSE did not own the "process" for making biofuel. All the original stock JR received did not include it. He then graciously gave it to USSE for 100 million shares, with a 10 to one vote per share. Can't remember the details, but it is postulated it comes to 1 billion additional shares above the outstanding.
Now it makes some sense. If he is selling warrants, the buyers of those warrants probably wanted security from USSE in the form of the tubes and process. If the company goes under, they get the collateral,(we own nothing as shareholders), if it succeeds, how many shares are they getting? Could it be a billion, and JR wanted to keep his control and balanced that out with an even amount?
We don't know, and so until we can get transparency in this company, even a big announcement will be difficult to figure the value of a share. Is it currently 3.5 billion, 4.5 billion, 5.5 billion potential shares waiting in the wings? How does one determine value when you don't know what percentage you own. Is the warrant financing packages placing the company at risk for death spiral financing? Prediction, minimal bounce from an announcement until accounting catches up.
I own stock, facts are PP has predicted the PPS of USSE better than any long. Anyone here above water???? Any concrete ironclad evidence we are making progress, quoting a poster who has lost as much money as everyone else doesn't count.
Pictures, I saw the same 4 reactors in the same state of disassembly in Natchez 7 months ago. Is this 3 card Monty? Or does it really mean something that they are in another state and another building. Many reasons to move besides progress, such as padlocking your building because the mortgage hasn't been paid. Who knows.
No Patents. Via hearsay/rumors, they have opted to just keep it stealth.
The only way you made money on the .0002 price, is if you owned the shell they merged into. Otherwise everyone is a loser from .41 (split adjusted) on down, except (for now) those that bought this last week at .02
What details of behind the scenes deals for the reverse merger were done and by whom is anyones guess.
Production was supposed to start in Jan. 2007, so your guess is as good as anyones right now.
Would you? No really, if you owned 1 billion, thus giving you control, would you surrender them? What past record do we have to support that hypothesis.
On the other hand, I think you might be displaying a little cynicism.
My perspective. One year ago we had 650 million shares, now we have 3.5 billion divided between SSTP and USSE, they will have to share all profit. Combined a current market cap of 90 million dollars. Equal to 3 million dollars in earnings for the past 12 months at 30 times earnings. Right now pure speculation holds the value of this company at this level.
Despite the report by AmSpec on the value of the fuel, there is no proof that the fuel can be made in a profitable fashion, and if profitable, how profitable, or how long to develop a retail system. It is an assumption and hope by investors that it can be done and done quickly, no one can prove anything until they start generating fuel and the numbers come in.
If there is a white night company courting USSE/SSTP, and they release a JV with numbers, those numbers better support the current level or it could go lower. Because at that point the speculation ceases and value can be assigned. In order for this to move to .25pps in a year, it would have to generate roughly 30 million in profit over the next 12 months. Provided no more dilution. No one knows what the JV's cut will be and what it brings to the table. We could be diluted another 10, 20, 50, 80%, we just don't know. No one knows what the lawsuits end result will be, more shares dispensed?
Theoretically doable, but who knows how long to ramp up. After all in the past year we have only the original "Free US" tube in a working state (what is considered a workable state is debatable),4 incomplete tubes (no announcement they are working) no EPA certs, no DEQ permits. Some rumors we can umbrella under a big company, who knows.
I suggest there will be plenty of time to buy on the way up with this much stock. After all, some will dump from these levels after a double, triple or whatever. Some expect a vertical lift off. I think we already burned that rocket times two.
For full disclosure, I bought when we only had 650 million shares, haven't added since. I don't expect to buy at the bottom. I would rather buy and be positive on the way up then risk it going lower, that hasn't happened to anyone has it? All assumptions assume a legit company with a legit product and someone else at the helm. I bought when I thought we had those to begin with.
Since they were never assembled and working in Natchez, what is the big deal that they are some place now in Texas. I haven't seen any feedstock show up. At $9 a bushel, I would hope they bring the feedstock.
Still no filings for new fuel permits, or DEQ from what I can gather. I bet you can't license your car in your state without a DEQ permit, why would this not be the same. Even if one somehow doesn't need a permit, I am sure it would need documentation by DEQ exempting it. In fact I would demand that documentation, it would be great PR for the company. Put us in your neighborhood because we don't pollute, were non toxic verified by DEQ/EPA. So far nothing.
Since they won't take your calls, and they won't return your e-mail, any chance those binocs can send morse code? Is there any human life out there?
Round and Round she goes, where she stops, no one knows. You used to sort of cruise into the back door at the plant for a peak, do you still do that? If so, anybody around?
This is all about posturing, It will cost us more in attorney fees than what GRCO has in cash.
If JR is so gung ho on saving shareholder value, he should sue himself for spinning off SSTP, at least he would save us from having to do it.
Fill in the blanks please...Who?....What?....When?.....How?....Where?....
The proof that something substantial is ongoing is the Market. After all I am here to make money. The response in the last two weeks to the PR has been awesome! I am willing to go out on a limb and state that any PR from USSE will have no affect on its value until a corroborating PR from a respected company accompanies it.
It may, it may not. If no numbers are released in the PR, then is the PR believable. If numbers are released, then we have basis for valuation, and at a combined god knows how many billions of shares outstanding in USSE/STTP can it hold its current value.
That is if an agreement is actually in the works. So far it is rumor from these boards only. Just like the rumor "something good is going to happen this week", version number 52.
A business must have a plan in place to begin with in order to change. The so called plan didn't change for months, yet nothing was ever done to realize the original plan in place. In fact for months the Robert Davis hired gun of JR spewed the same plan as the defacto course of action that was ongoing.
It was acknowledged by USSE that the reason for going the power plant operation route was to avoid the process involved with bringing a new fuel to market. So they take money under false pretenses, and then switch to the plan they told us they weren't going to do. Fuel will always be where the true profits reside, but you can do it while generating revenues and maintaining shareholder value. This approach could take years.
If you think JR is negotiating from a power position with these other companies on an empty bank account, you are flat wrong. Look what AgriMax gave into, 90/10 split because they couldn't pay their bills. Every day we don't make money is a day we drop in leverage.
So JR has improved the biodiesel production. That is great news. What where the biodiesel production numbers pre and post improvement. How much revenue are we now making?
I have no problem waiting for production of a new technology. What I have a problem with is being told the new technology will be selling in 8 weeks with revenues. Thus causing a false level of value in the company. The 8 weeks did not happen because of a set back or two. It didn't happen because on the day JR said it was only 8 weeks away, he had no plan in place to get it done.
If JR had said it will take a year, and we are going for fuel production instead of power plant production, the cost of those shares would have been, at that time, where they are right now. Therefore he lied to take my money at an inflated price. For that there will be no forgiveness. Taking a year or three to bring a new technology to market is a separate issue.
The only comparison with the Wright Brothers is bringing technology to application. Show me where they ripped off their investors by lying. Then maybe I will listen to the comparison.
I have already been involved in one federal trial for the CEO of a start up company of which I was a major investor. The behind the scenes investigation took 3 years before the grand jury handed down the indictment of fraud. Most of the time no one new it was ongoing. That CEO did a lot less, and actually had revenues with product.
At the trial the bottom line was this, did statements get made by the CEO that were willful misrepresentations of the truth in order to induce me to invest. It didn't matter if there was product or revenue. It didn't matter if he had great plans or not. What mattered to the Jury was whether I was misled at the time I parted with my money. The interesting part was the prosecuter used every thing the CEO did over the past 40 years in business to assassinate his character. Even trivial things when added up over a lifetime become overwhelming. When the prosecutor finally goes for it, it is for keeps.
The Jury handed down a guilty plea and he is now serving nine years at club fed. Draw your own conclusions with this company.
Its a big world out there, and most countries don't have the regulatory burden of the US. Take the path of least resistance to make your fuel and electricity. We can be making JR fuel and selling it from day one in dozens of countries just south of the border. Forget the biodiesel, go big or don't go at all.
Work a deal with DR. They provide all feedstock, all the work, manpower,and we just count the gallons at $1-2 per gallon, and they can do what ever they want with it. WE control the catalyst, so it can be controlled from our end.
I did a web search on centrifuge for glycerin removal. Quite a few off the shelf out there, and they mention minutes to 3 hours in time to remove glycerin. So I am not convinced of the earth shattering centrifuge. Besides when did we become a centrifuge biodiesel company? Next week toys r us.
Many talk of JR's past mistakes in guiding the company, I am pointing out there doesn't appear to be much improvement in his focusing on what is really the essence of the company. Biodiesel companies are a dime a dozen, why are we one of them? I didn't buy into a biodiesel company. As you state, "where are the registrations and permits for what we are supposed to be doing".
It gets more convoluted each day. We were a cutting edge fuel company, now we are a 120 million dollar biodiesel company. Yippee, we own biodiesel permits. But no biofuel permits.
By the way, I do believe we are a grossly overvalued biodiesel producing company based on other company values. Everyone ready for a drop in price. Should have paid wholesale and just bought biodiesel instead of giving someone 10% of revenues, or profits, or whatever, who really knows?
How many of those 12,000 gallon days have we had this quarter? Just want to get an understanding of our earnings so far. Has Ron gone back for another load of 0D-66 yet?
But according to the EPA rules they can't go higher than 1%. Then it becomes more than a regular additive.
Since OD-66 has only 1% JR Juice in it, it doesn't do well in the cold, cloud point around 32 to 34 F if my memory serves me. Conn better get his next shipment before winter.
So in one sentence you say they are the not the same, and in the next you say they are chemically identical. With arguments like that it is difficult to take you serious.
Where can I drive up to and put some in my tank?
You comment on cellulosic ethanol as though it is a different chemical than ethanol, they are one and the same. I would be interested in having you show me the different molecule if you think otherwise.
The difference appears to be the source, and process to the end point. But ethanol is ethanol.
Is the whole process down to 2 hours, or just the separation of the glycerin? I thought it was the latter.
My understanding is this, USSE owns everything, and now by a posted comment has actually purchased the rights from JR to own his technology. Why that wasn't part of his original share structure is beyond me. Actually I know, it wasn't to shareholders benefit.
SSTP was to be used as an end run for Green Credits in energy production, now apparently long dead. Now they are just a salesman of USSE's product. Suddenly a company with 2 billion shares was created and given this right, no assets. For that USSE got to keep a third, when they should have kept the whole thing. This does allow insiders to pay themselves large chunks of shares from SSTP for work done, options, etc. that we have no way of knowing about. That way they don't have to purchase the shares, but can own the new company, while we own USSE and whatever revenues they funnel in that direction, if any.
There is no reactor in Houston as confirmed by Ron from Conn. in a recent posting. Other than Freeus and 2 experimental reactors, nothing else to my knowledge has progressed in Natchez. Regarding Freeus, it is unknown to what extent it is running. The August 8th letter stated that the samples were from 20 pounds in the mini reactor. Interesting they didn't take several batches from a continuously running feed out of free us as most Quality Assurance runs will do.
Since no information has been released on how the deal with USSE/SSTP is structured for dividing revenues, it is anyones guess if one is better than the other.
Just my opinion, I could be wrong. My feeling is that they should cancel the deal with SSTP since the benefits of green credits are gone. Wouldn't be the first group we left standing at the altar.
Did I miss something, you made a profit. This is the USSE board isn't it?
That is why I want to see the fine print. I can't see Agri Max giving away 90% of the credit on their gallon of biodiesel. The profit above that may be split 90/10. Does JR's BioFUEL qualify for credits, or does it specifically state biodiesel in the statutes?
I do concur with you on selling more biodiesel in a 50% mix verses B5 or B20. But when does USSE's biofuel, become the 50% biodiesel? That is where money will be made, and less cropland to produce more fuel.
Show me the fine print of that "90/10 contract". Something isn' right in that one. JR is slipping, we should have gotten 100%.
So we only contribute 1% total. Could make that in the mini reactor. When I say contribute 1%, I mean that is the potential, and not necessarily an ongoing endeavor.
If Agri Max is making the biodiesel, and blending the OD-66, why wouldn't they keep the biodiesel credits? We only put in 1% of JR Juice and maybe 15% ethanol (if we are the producers of the ethanol, can anyone verify that).
I think the wit of sarcasm eludes you.
Thanks, by the way I date back to the mid 90's with Broes and Stanton in a company I sold to them. They promptly screwed it up. But they did lead me to CYBR for under a dollar in 99. I understand your following of these things as the stocks at times will do wild things.