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Could be but without proof I would doubt it. I think it was someone who is tired of waiting and needed to free up some cash. The buyer probably had a limit in below the market.
And who bought it?
Thought we would see some follow through today but not yet. We need to see some news on the key areas.
I think the news of the Senator's support is very positive for USSE/SSTP but we still need news on definitive financing, test results and production and sale of the production. Until then it will be tough to sustain a meaningful rally.
Like to see .07-.08 close today. We need to get these stocks back in the uptrend mode.
I am not picking a fight. I made a statement that addresses many past posts about how anyone who believes in the USSE process is stupid. I am saying that in addition to all of us, we can add another reputable person to the list of "dummies".
And my credibility isn't diminished by my posts. It is 100% in tact.
I am being sarcastic to all those who keep saying USSE is a scam. Their contention is that all of us who have witness the process and seen the fuel are idiots who don't know what's going on. I said just add this guy to the list.
I guess the Senator is another buffoon to add to the list of people who can't tell if they are being scammed right in front of their face, right bashers?
We need some grant money from the State and Federal levels and I would assume this guy will help in a big way.
SSTP (.06) USSE (.056) U.S. Sustainable Energy Corp. Obtains Endorsement Letter From Mississippi Senator Bob Dearing
Friday, July 13 2007 11:57 AM, EST Market Wire "US Press Releases "
NATCHEZ, MS -- (MARKETWIRE) -- 07/13/07 -- U.S. Sustainable Energy Corp. (PINKSHEETS: USSE) and Sustainable Power Corp. (PINKSHEETS: SSTP) are pleased to jointly announce the receipt of an endorsement letter from Mississippi Senator Bob Dearing in support of his visit to the Natchez Facility.
Mr. Bob Dearing has been in a legislative position since 1980. He is currently Chairman of the Oil, Gas & Other Minerals committee and has authorized over 20 million dollars in funding for the state of Mississippi .
Mr. Dearing's letter, written personally to Mr. Rivera and the company, overviews his positive thoughts about his day at the facility covering the demonstrations and his perspective about the company.
The letter can be viewed at the following link: Senator Bob Dearing Letter
About U.S. Sustainable Energy Corp.
U.S. Sustainable Energy offers a revolutionary new energy process that creates three times more fuel per feedstock unit than any other biofuel process. The company has engineered the first bio-renewable fuel able to serve as a replacement to diesel, with none of the negative traits associated with competitive green fuels. The USSEC biofuel is furthermore created at a nominal cost as the byproduct of producing organic fertilizer from recycled waste products, a discovery made during research into agricultural biomass now known as the "Rivera Process." The technology offers a solution to foreign oil dependence, significant reduction to the cost of electricity and ethanol production, and the eventual reversal of greenhouse gas emissions.
Management and current operations are focused on leveraging the superior performance and low cost of the fertilizer, biogas and biofuel within bundled plant operations, turnkey energy contracts, ethanol production, and other critical applications that rely on energy as a major cost component. For more information please visit www.ussec.us.
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green power plants utilizing the USSEC biofuel discovery, a renewable fuel source able to be produced from one-fifth of the soybean acreage traditionally associated with biodiesel. For more information please visit www.sustainablepower.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.
Investor Contact:
Redwood Consultants, LLC
415-884-0348
I see Charity as a contact for Freedom Fuels but I prefer to talk to decision makers and people who have some knowledge of what is going on. I like the fact that Jim Blair is a founder and board member of Freedom Fuels and also with Biocentric. That could really help in getting a JV with Freedom Fuels down the line in addition to the relationship with Core Ventures.
I have talked with Dennis Fisher from Biocentric. I talk to as many people as I can in doing my DD so I can get different perspectives on where things stand and where they are going.
I don't see anyone named Charity on this list. Stick to talking to the "people in the know".
http://www.freedomfuelsllc.com/index_files/Page333.htm
Someone bought 220,415 shares of USSE at .06. Maybe next week we get some updates on progress at USSE/SSTP and Biocentric.
Total volume 431,000 in the first 10 minutes of trading.
I talked to Ed Dannen, President of Freedom Fuels, about a month ago and he was familiar with USSE. He said they don't have anything going with USSE as of yet but they have a relationship with Core Ventures and Biocentric has a relationship with Core Ventures. I could see something happening with Freedom Fuels down the road if things progress as they should with Biocentric.
’08 Mustang to have soy-based foam in seats
July 12, 2007
By JEWEL GOPWANI
FREE PRESS BUSINESS WRITER
The Ford Mustang, a sports car known more for its performance than earth consciousness, is slated to be the first production vehicle to use soy-based foam in its seats, the automaker said Thursday.
Ford Motor Co. plans to use foam made in part from soybean oil in the seat cushions and seat backs of the 2008 Ford Mustang that roll off the line in August.
Ford worked with Southfield-based seat maker Lear Corp. on the renewable foam, which takes less energy to produce, so it emits less carbon dioxide into the atmosphere.
To make the soy-based foam ready for mass production, however, the companies had to overcome other emissions challenges like its nutty, soybean smell and oily residue.
Ford said environmental advantages include reduced carbon dioxide emissions in manufacturing compared to petroleum-based foam, lower energy use to produce the soy foam and reduced dependence on foreign oil.
Contact JEWEL GOPWANI at 313-223-4550 or jgopwani@freepress.com. The Associated Press contributed to this story.
Take your pick of one of these:
http://www.ms.gov/frameset.jsp?URL=http%3A%2F%2Fwww.ls.state.ms.us%2Fss_membs.htm
No participation in today's market rally. Without concrete news it is going to be tough to rally in any signifcant way.
I have been investing for 20 years and I have never seen a company where no one could get in touch with any management or IR firm. This CEO put out news talking about specific dates that deals were supposed to be completed and those dates have come and gone with no comment from any management of ACMG and no one knows where the CEO is or how to get in touch with him? I find this unbelievable.
USSE on the right track with cellulosic ethanol:
http://en.wikipedia.org/wiki/Cellulosic_ethanol
Technicals turning bullish:
http://www.americanbulls.com/StockPage.asp?CompanyTicker=USSE&MarketTicker=OTC&TYP=S
I am not saying it is bogus, I am saying that the name makes it sound bogus. It may be the best school in the world in its areas of expertise, but I still never heard of it until yesterday.
Read and comprehend what I said. I said that I never heard of it and the name sounds bogus and hokey. I have looked it up and it sounds like a good school. I don't retract my statements about me never hearing of it nor about the name sounding bogus and hokey.
Wrong. He said he saw the process work and was impressed by it in both his letter and on video tape. Until I see a letter that says he is recanting his statements, I will rely on his initial comments after witnessing the demo.
Last trade 310,000 shares at .06. Total vol approaching 830,000 shares in the first 50 minutes of trading.
SSTP has traded over 415,000 shares in the first 40 minutes of trading while USSE has only traded 2,500 shares. Wonder why the big discrepency?
I agree. They had the meetings in Natchez weeks ago yet we haven't heard one word about what transpired. The only evidence is the pics on JR's blog. We need details of the meetings and how they are going to help USSE/SSTP and their shareholders.
The bottom line is USSE needs to get some news on the wires updating financing, progress with Biocentric and progress with other avenues of potential business such as the DR and the US Military.
Your friend Tom who wrote the article? Obviously you are trying to promote his publication in a backdoor way under the guise of posting it for shareholders. Tom is some kind of expert on what can and can't be done in alternative energies without actually visiting the facility or doing any tests or asking any questions of those involved? He must be as much of a genius as you.
And I see your friend Tom is located in Canada. I should have known:
AltEnergyStocks.com is one of the Internet's premier websites for investing in the sectors of alternative energy, renewable energy and clean technology.
Alt Energy Stocks is owned and published by 2043835 Ontario Limited.
For all those who are telling me the Colorado School of Mines is this great school, I never heard of it. I am a financial guy not an engineer so I never had any reason to hear of it. Whether or not it is a respected school I don't know but I do know that the name sounds stupid and bogus and until today I never heard of it. I am out of posts for today so until tomorrow, adios.
So now you feel the need to bash it now that you are out of it. You are quite the humanitarian. That article is such BS. Colorado School of Mines? Couldn't they find a more obscure school to ask? What is wrong with a school someone might have heard of? Probably because he couldn't get a reputable professor to comment on it or didn't even try to get in touch with one.
Show me where he recanted it. His experience is he is an intelligent man with a PhD and a Professor at an Ivy League school.
http://www.ussec.us/content/resources/cornell-letter.pdf
Since then many other intelligent people have witnessed the process for themselves and none have discounted its viability. Most recently, govt officials from the DR, Jerry Bloom, an attorney who knows something about the subject and the reps from Biocentric who are in a JV with USSE. Add to that the Dept of Agriculture rep that was there in Oct who said he was impressed. I guess all of the shareholders, and the others are all morons and you are a "genius".
November 02, 2006
U.S. Sustainable Energy Corp. Facility Visited by USDA National Resource Conservation Service
Press Release
By USSEC Thursday November 2, 2006 12:00 AM
U.S. Sustainable Energy Corp. Facility Visited by USDA National Resource Conservation Service
Thursday November 2, 9:20 am ET
Special Assistant to the Chief Witnesses Demonstration, Production and Testing of Unique Biofuels and Fertilizer
NATCHEZ, MS--(MARKET WIRE)--Nov 2, 2006 -- U.S. Sustainable Energy Corp. (Other OTC:LFZA.PK - News) (Other OTC:USSE.PK - News) announced today that its fully functional facility in Port Gibson, MS was visited by the USDA National Resource Conservation Service's Special Assistant to the Chief, Mr. Gerald Willis (http://www.nrcs.usda.gov/ABOUT/directory/chief.html).
John Rivera, CEO of USSEC, stated, "After completing our very successful demonstration powering City Hall and further testing of our unique biofuels at Vidalia City Hall yesterday, we were blessed to have the visit of the USDA NRCS Special Assistant to the Chief, Mr. Gerald Willis. He received a full plant tour and witnessed our 65' reactor processing soybeans and producing our fertilizer and our unique biofuels. We believe we have the full support of Mr. Willis and his department for our process and technology. We will be working closely with Mr. Willis to pursue a wide spectrum of government grants and support programs that will directly benefit USSEC."
Gerald Willis, USDA NRCS Special Assistant to the Chief, stated, "I like what I see and am looking forward to working with USSEC in aiding them to move this project forward."
That is exactly what I said, ONYI is mentioned and they are the ones who made the inflated claims. You just proved my point.
Posted by: alstocks_98
In reply to: sackmeister who wrote msg# 47345 Date:7/10/2007 3:54:10 PM
Post #47348 of 47362
that is incorrect....
"
I remember when the USSE/ONYI deal was announced, Taylor Moffit said that the market cap of the new company deserves to be worth $12 billion or something. If memory serves me correctly, I don't think JR said it. That could be what the SEC is looking at but it shouldn't affect USSE now since it was the ONYI people making those statements:"
that is 100% inaccurate..... the sec is not looking at onyi, they are looking at USSE !!!!!
It says it has to do with the USSE/ONYI merger. The press release came from ONYI that had the $12 billion figure in it so I would conclude that the SEC wasn't too happy with that. JR didn't say it so it must have been Moffitt or his people. If the SEC is looking into that then USSE has nothing to fear. USSE is moving forward with Biocentric and other plans as far as I know. Until I hear differently, I have to go with that info.
I remember when the USSE/ONYI deal was announced, Taylor Moffit said that the market cap of the new company deserves to be worth $12 billion or something. If memory serves me correctly, I don't think JR said it. That could be what the SEC is looking at but it shouldn't affect USSE now since it was the ONYI people making those statements:
CHICAGO, Jan 04, 2007 (BUSINESS WIRE) -- Diversified Ethanol, a division of Originally New York, Inc (OTCBB:ONYI) has signed a memorandum of understanding (MOU) with US Sustainable Energy Corp. (Pink Sheets:USSE) to acquire certain assets and patent pending technology, which can convert biomass into valuable 7-3-7 fertilizer. Its by-products can be readily and cheaply converted into a revolutionary new type of biofuel that resembles biodiesel. The net result has been certified to produce 5 gallons of fuel per bushel of soybeans, almost double the industry standard for biodiesel. The technology can also run on cow manure and wood chips.
By combining Diversified Ethanol and USSE's technology, the company believes it can produce 200 proof ASTM certified ethanol 60% cheaper than any other technology in the world. The company believes this technology has an immediate market value of between 9 and 12 billion dollars. In light of this information, if the company were to eventually have a billion shares outstanding, the intrinsic value of the company stock would be $12 per share, other growth catalysts not considered. A typical reporting company stock is worth far more than an identical pink sheet stock. For this reason and many others, the companies may be able to work a deal together to create an unusually substantial synergy as ONYI pursues a listing on a national senior exchange.
CEO Taylor Moffitt stated, "We are honored to be a part of this historic contribution to mankind. We are here to help farmers, lessen the heavy yoke of imported fuel, help to create food and jobs for Americans, and offer the greatest solution to the world's need for energy that has ever been conceived since humans harnessed the power of fire itself. This is truly going to change the way the world thinks about energy."
The company intends to begin utilizing the low-cost fuel to power its own ethanol plants with nearly free steam, and to build what will be the world's largest ethanol plant with the help of other established ethanol engineering firms. Present ethanol projects will continue.
About U.S. Sustainable Energy
USSEC holds patent-pending technology for a new breakthrough biofuel and carbon based fertilizer. USSEC has successfully demonstrated the most cost-effective method of producing biofuel estimated at $.50/gallon according to exhaustive studies and independent lab confirmation. The company has developed the process, units, and catalyst that will transform agricultural biomass into biofuel and fertilizer. This technology offers a solution for foreign oil dependence, balancing industrial and agricultural concerns with environmental issues and stabilizing and eventually reversing global greenhouse gas emissions. USSEC's research and development has successfully demonstrated the core technology in its fully functional facility located in Port Gibson, MS. The company is currently pursuing fully scalable implementation and deployment at further locations. Unlike other biomass gasification, the USSEC process can operate at a variety of scale, converting even waste biomass into fuel and fertilizer. The fuel produced could ultimately be more valuable than ethanol or methanol, and the USSEC process can convert biomass materials at an efficiency that cannot be matched by currently planned operations. In addition, unlike virtually all other approaches for biomass to energy, which deplete soil nutrients, the USSEC process restores and enhances soil mineral and carbon content. As a direct result of this revolutionary approach to integrated energy and fertilizer production from biomass, the USSEC process effectively removes Greenhouse Gases from the atmosphere, and can do so profitably before the value of Green Certificates and Carbon Credits are considered.
For further information on USSEC, please visit www.ussec.us
For more information regarding Originally New York, Inc, please visit www.ONYIonline.com.
Obviously different filings. Look at the numbers: CV-1547 not A-02975
SEC v. U.S. Sustainable Energy Corporation and John D. Stanton, Civil Action No. 1:07-CV-1547 (N.D. GA filed July 2, 2007)
Commission Files Subpoena Enforcement Action Against U.S. Sustainable Energy Corporation and John D. Stanton
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20182 / July 5, 2007
SEC v. U.S. Sustainable Energy Corporation and John D. Stanton, Civil Action No. 1:07-CV-1547 (N.D. GA filed July 2, 2007)
Commission Files Subpoena Enforcement Action Against U.S. Sustainable Energy Corporation and John D. Stanton
On July 2, 2007, the Securities and Exchange Commission filed an application with the United States District Court for the Northern District of Georgia for an order to enforce investigative subpoenas served on U.S. Sustainable Energy Corporation, a privately-held Florida corporation located in Seffner, Florida ("USSE-FL"), and John D. Stanton, a resident of Tampa, Florida.
The Commission's application and supporting papers allege that on May 3, 2007, the Commission issued a Formal Order of Private Investigation entitled In the Matter of U.S. Sustainable Energy Corporation. According to the Commission's application, USSE-FL and Stanton have failed to comply with validly issued and served subpoenas for documents relating to this investigation, which involves, but is not limited to, a separate but related corporation known as U.S. Sustainable Energy Corporation, which is headquartered in Mississippi ("USSE-MS"), and others. The investigation relates to possible false and misleading statements by companies engaged in merger discussions, possible insider trading activity, and other possible securities law violations.
A hearing on the Commission's application has not yet been scheduled.
http://www.sec.gov/litigation/litreleases/2007/lr20182.htm
Anyone here speak to JR or Redwood lately? I left messages yest and today and so far haven't gotten a call back. Looking to get an update on the developments from the meetings in Natchez a few weeks ago.
My gripe is the lack of news lately. With the meetings in Natchez at the end of June, I thouhgt we would be getting press releases on financing, JVs and progress on the Biocentric JV. So far nothing to speak of.
Its a slow Summer Monday with no real significant news on the tape. We need an update on current happenings on the business side of the coin. The lawsuit will play out but we need to have some news with some meat in it to move up in a meaningful way.
Not necessarily. If the original shares are deemed to be null and void, any dividend shares received from them would also be null and void as well.
Like you said, they are worth some nice change so JS must believe they will be worth fighting for. If they didn't try, I would say that they didn't think they were worth it. It shouldn't be too long of a case. Breach of contract is pretty cut and dried. If JS was supposed to continue to provide financing to JR in exchange for the shares and he stopped the funding, then the shares he received for providing continuing fuding would be rescinded.