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You are an amazing researcher Shizoku, thanks for BestJets free publicity info.
Airdale
g2285, your statement is false and will be no matter how much you capitalize everything. Pink Sheet stocks aren't borrowed against to short, they are naked shorted, creating phantom shares and diluting the security. Please do some research.
Airdale
That's your answer? That's empirical proof? You haven't done any research have you. You haven't contacted a single entity that has interest in utilizing this process. Not Pratt & Whitney, haven't called Nathcez City, not the USDA, none of the potential partners. You haven't put any effort into deciding if this process is viable whatsoever you are simply denigrating others who have done this work.
It appears your only goal is manipulation of the share price through the use of rhetoric. Thank you, you've exposed yourself as having worthless opinions on the value of this stock.
Airdale
Zardiw, nice post. I will admit to being very envious of those of you who were actually in attendance at the 10/31 Vidalia demo. I would have especially enjoyed talking to the Pratt & Whitney representative in attendance. In talking with Natchez City employees, they have said P & W has run their own demo's in house and were ready to present the same to Natchez representatives last November.
Kippykai, another poster with very good insights into USSE, has stated his biggest worry is that large, powerful energy industry players will not allow the technology to get to market. I think the genie is already out of the bottle. Because of the worlds increasing energy crisis and already existing alternative fuel industry that there is room for many players. USSE with proper guidance can emerge rapidly onto the sceen in the electrical and transportation industries.
The amount of interest in USSE by industry participants and their willingness to merge or cooperate into a synergistic coalition denotes the direction bio/syn fuels is heading. These next five PR's could be very interesting.
All IMHO,
Airdale
You have in past posts stated you think this product and it's management are frauds. I certainly want to know the truth as it tends to mitigate the loss of capital. You seem to think you know something, I'd like to see what you do know. Your post that I am responding too states: "I just get a little peeved with the people who present "DD" here, which is basically a bunch of misleading, if not false, claims'.
Based upon your own statement, do as you are asking everyone else and prove your statements aren't misleading, false or just claims. Prove that this is a fraud. I am long but would certainly welcome your postulations if backed by facts.
Also, you state this "With the company's announcement that there would be five PRs in a row soon, they pretty much defined what sort of business they're in, and it's not energy production". Prove they aren't into energy production. I am very willing to review your empirical data and make a decision.
You are doing the very thing you accuse others of doing, making unsubstantiated statements. If you can't bring proof, any further postings you make could certainly be considered spurious and deceptive.
Airdale
I agree Dlaser, they are getting more sophisticated. I also like that fact that oil speculation is taking a back seat to the bread and butter business of real estate and construction in their own playground, Louisiana. This is a less "dreamy" sector than oil but it is a proven revenue producer. I also think with the rehabitation of N.O. Progas should have a real shot at growth and the 3% net we hope for.
Best to you,
Airdale
Properties in Madisonville on or near the Tchefunkte River. Sales should not be difficult IMO with the waterfront view and a general lack of housing in the area. Moveouts and remodeling will take the most time.
4700 Square feet $899k http://www.era.com/erabin/listing?Property=1885743
100 year old property $850k http://www.sell.com/22DNT4
2 Brm,3 Bath $899k http://www.homes.com/Content/ListingDetail.cfm?City=MADISONVILLE&State=LA&FirstRec=1&Rad...
$165 per square foot costs per the area, cute Yahoo map.
http://realestate.yahoo.com/Louisiana/Madisonville/Homes_for_sale/c4c867dd2b456bb027b4c023f1eb3a79?p...
Airdale
PLBS has gone from .0055 to .02 in a very very short period and some people are selling with a very nice profit on news. Congratulations to you, I am still holding out for more. A correction is healthy and will provide a new base of shareholders at this higher plateau IMO.
If PBLS weren't multifaceted and had only this real estate holding, per the PR, they would earn $3 million per year as a minimum and five mil max. With 850 millions shares outstanding this would equate to .00353 cents earnings per share minimum and .00588 max. A PE of ten gives .035/.059 cents value to the company. This provides more than twice the current share value. Add in all the other income venues of Progas, Bestjets, trucking, pools, construction etc. and this still possesses 10 bagger capability.
I don't expect income via oil earnings, only expenses but think intrinsic growth of the other company sectors can continue to provide sustainable growth through 2007. As admittedly pissed off as I've been about PBLS's, transparancy, I expect nice returns through the next year or so.
Best to longs,
Airdale
You look more than a bit foolish here. NASDAQ limiting shares per company to under 1 billion. Please tell CSCO, http://finance.yahoo.com/q/ks?s=CSCO, they can't have 6.07 billion out. You may also want to contact INTC (Intel) and let them know they aren't legit with their 5.77 billion. Yahoo, SIRI, Sun Micro and dozens of other firms have in the billions outstanding. If you're going to conjecture, at least do some research.
airdale
mrdecember123, no matter the board or the stock, you'll never escape pumpers and bashers, they are part of the landscape. They are easy to identify as they never offer anything of substance except the repetitious promoting or denigrating of their chosen security. IMO this one is harmless and just likes to post alot. There may be a few small inexperienced players that fall for the spin but intelligent readers can readily see through the transparent blather. Notice the stock price has risen steadily since his arrival, that reveals his impact on the board and stock movement.
Many here provide very accurate, informative, pertinent information, especially Shizoku who is phenomenal, again IMO. New Orleans is in full recovery and PBLS products and services are healthy and growing. ProGas has recovered business dollars with the rebirth and Best Jets is in a phenomenal niche. The announcement of the new acquisitition will be forthcoming and the share price should continue to rise. The new personnel coming on have either excellent connections or a phenomenal education and should increase PBLS's professionalism.
PBLS, as everyone knows, has issues including transparancy and getting off the Pinks. The purported know-it-all on the board isn't one of them. He's like a fortune cookie. The baker of the cookie prints hundreds of fortune papers with the same message, they're repetitous but always good for a chuckle. He's harmless but if he bugs you, put him on ignore.
Best of luck to you this year,
Airdale
USSE's first sell isn't of biofuel products but rather of biofuel production equipment and in all probability is royalty bearing based on production and sales. One would assume there is no exclusivity to this transaction and a pattern will emerge where we build a series of royalty bearing agreements and thusly a nice revenue stream based on USSE's technology. Chaching.
From this ONYI page, http://www.diversifiedethanol.com/home.html, it sounds as if they will again sell the rights to produce scalable biofuel production plants. This Iowa based firm is one of a group getting publicity currently for there aggressive posture in the rapidly growing automobile biofuel industry. It is nice to have our technology selected by them.
Airdale
OSOAZ, they, ONYI, acquired "certain assets and patent pending technology". The asset is probably a tube or tubes and they now have the rights to produce biofuel with the technology. Notice they did not mention puchase any of the patent rights.
In all probability, ONYI is going to work to clear the fuels they derive from USSE product use with the US Government for use in vehicles. JR knows producing electrity is a far easier pathway to quick revenue. USSE will collect fees from ONYI for the use of our technology and patents while we retain all rights to trade secrets.
This is very good news IMO.
Airdale
Wow, I don't read much on weekends but it's cold and snowy out so I browsed the board.
My reaction is simply respect for you. You divulged the relationship with USSE/USSP when you could easily have hidden this information from everyone. I am positive others here have not been candid in revealing their intent or relationships.
Does it change the way I view you with respect to placing accurate unbiased information on this board? No, if you are candid enough to reveal this, you are more likely to be straight about other subjects. It is still up to me to verify all information provided on the board no matter the source.
Many here own shares and many here are short. It is readily apparent with a few quick reads where most posters lie in their respective positions. I view your free shares no differently than any other share holder, excepting you now have a lower cost per share and you have a contractural position. I doubt you will have much success utilizing the board as a marketing tool except to represent with extreme accuracy USSE information. Your long term reputation like that of every other poster will be measured through time and honesty.
I'm happy for you Zardiw, you have done something anyone who is long want to accomplish, reduce your cost per share.
Regards,
Airdale
2create I know you don’t want me here and I did state I wouldn’t post here anymore but this is a very material event and I still hold a lot of shares. Push for a ban on me and call me a liar but here is my view of today’s PR and I am back in deep lurk mode.
Shares currently held by stockholders approx. 109 million. Percent held by shareholders 100%
Shares held after a 10% increase in shares 119.9 million. Percent held by shareholders , 100%.
Difference to long term shareholders.……………Neutral, it depends on the share price longer term.
Difference to short term holders.…………………. Unknown buying back AURC stock post January 30th unknown, depends on share price.
Authorized shares that can no longer dilute shareholder value, approx. 10.9 million shares.
Difference to shareholders…………….unknown depending on Managements plans to issue additional stock.
Difference to shareholders…………….neutral, not enough information.
To really effect the value of an additional 10% share issuance to shareholders, it would be essential for AURC Management to provide a newsworthy event that effects positively the share price between now and January 30th to truly impact the value of this security for long term shareholders.
Credibility of AURC Management after this statement: "The low cost of mining the accessible rare earth minerals as well as the ore shall produce net revenues that shall be superior to the evaluations previously forecast by its geologists. "We certainly can afford to pay dividends to the investors."
Difference to shareholders…………….Negative, a net loss of confidence in Management for many. They should never have used “revenues” and “pay dividends” in the same paragraph.
Impact of PR to share price.
Difference to shareholders…………….long term slightly negative, short term very negative.
Consider this Share Dividend a NOBO with an attitude. The effect on individuals/entities short AURC stock may be the crux of this dividend. Heaven forbid, but this could pressure the SEC to actually enforce some rules. One would assume Short Sellers must perform exactly as AURC and have to issue 1 share per each 10 shares they have already sold. Where would they acquire the necessary shares? They cannot short sell additional shares and give the proceeds to AURC shareholders, as this is shares not money. The additional 10% in shares would have to come from AURC’s Authorized share stash and AURC’s transfer agent, Select American Transfer Company, SATC. This could place Brokers such as Ameritrade, Etrade, Scottrade and others in an awkward position as they must identify shareholders and the quantity of additional shares they will receive. One would assume they must also identify Short Sellers and provide that same information to SATC. This could provide additional information on the SHO or Failure to Deliver list. This exercise can give Management an accurate glimpse into our FTD situation.
Difference to shareholders…………….positive, relative to the quantity of shorted shares.
One would have to suspect the share price will drop to the pre-dividend PR price and maybe lower as we have 10% more shares with the same valuation as before. The NOBO list is a positive and Management’s insinuation of a “cash” dividend a solid negative. We are back to square one with many having less confidence in our Leadership. They can ill afford to make mistakes in communicating with us in the future. We must still wait for clarity on actual production and revenue numbers.
Airdale
Perhaps you should become a consultant to Pratt and Whitney and let them know their jet generators that been operating on soyoil won't work. They seem to think they do.
The prices USSE has offered to the City of Vidalia are far below what you state here. You haven't done any research whatsoever and are a complete waste of time. You are now on ignore clown.
Airdale
Your argument is akin to which method of transportation was in use in the year 1906. If 76% of people travel via horse, 13% walked, 4% used trolley, 3% railroad, 2% used bicycles, automobiles by 1% and other by 1% of of the population, things changed. Did people see the automobile and airplane changing rather dramatcally the dynamics of transportation. In the past century things have changed significantly and the rapidity of change is increasing each year.
Your argument is as old as the horse as the main form of movement, its way outdated. If you are saying new forms of fuel aren't neccessary or less expensive and that the types of fuel we use in the future won't change, you are mentally challenged.
Airdale
For those who believe that hydrogen powered vehicles are the panacea to the worlds transportation problems, here are several comparisons to USSE's soy extrusions.
Where does one get inexpensive hydrogen? You don't, they are trying to replicate the process of photosynthesis, like every common leaf, but still haven't a clue. M.I.T. has a superb team on the project and so far it is impossible. The most abundant source is stll natural gas. The expense is in separating out the hyrdrogen atom and it will be multiple times more expensive than USSE's system or even common gasoline.
Which countries have the most natural gas? Russia is the biggest producer by far and Canada has large reserves. However, natural gas is already a heavily used product and has limited availability. Should this become "the" fuel of use, Russia and others would replace the existing OPEC cartel and prices would rise, much like oil.
The explosive nature of hydrogen is very high. The affinity a hydrogen atom has for the oxygen atom is amazing. It is so strong, that if you were using a hyrogen powered car and you filled up like you do currently do with gasoline, exposing it to the atmosphere, you would create an explosion that would destroy several blocks surrounding the filling station. It requires special locking systems to dispense and transport and these again are expensive. Protective shields on each vehicle to protect the hyrdogen tank, expensive. It is an amazing technology but is not viable as a broad use product for mainstream anywhere at this time.
It would require smaller refining stations and far more of them. Some have considered ultra small refineries at each station. Again, this is expensive. Should a very large hydrogen refinery explode, it would be the next best thing to nuclear, ie a huge explosion. These must be small to control potential damage.
USSE's product may not be perfect but it is ecologically superior to existing products, it is safe to handle and it is economically viable. Technoligically, the ability to produce vehicles now is realistic. The US is the leading producer of soybeans and has the capacity to increase and control production. For the foreseeable future, USSE's products are far more affordable, safe and reasonably eco friendly. Maybe this will change in twenty years but if USSE can get their oil to market, they can be very successful for many years.
The information regarding hydrogen and placed here was from notes of a lecture at Sonoma State University in 2004.
Airdale
Annual soybean facts and production from several years back:
http://216.109.125.130/search/cache?p=soybeans+us+annual+production&fr=yfp-t-501&toggle=1&am...
Water use in soybean crops:
http://msucares.com/crops/soybeans/su_water.html
Their generation goal is for 1,500,000 gallons of oil per day at full plant production. This would require 300,000 bushels of soy beans per day for this scale of production at 5 gallons oil per bushel. 109,500,000 bushels would be required annually. This would equal approximately 3.5% of the annnual US soybean production for one plant. Need more soybeans? From the first link above. The US is the world’s largest producer with 3,800,000,000 bushels annually and the biggest exporter with 28.44 million metric tons 45% of world total. Yea, there are enough soybeans for whatever USSE needs.
Airdale
Great post Velvet. Bob Yeggy seemed like a standup guy from our conversation and simply wants to earn a living for his family.
A person that possesses a unique technology and has flown halfway around the world at another firms expense is usually grateful, not spiteful. Bob's finding of another use of his product and presenting this technology to another potential user is great news for him, not a reason to "bash" his possible partners.
I especially loved this sentence you provided,"Bob has also monitored this board and may be taking some action of his own regarding how he was misquoted" The periodic prosecution of those spreading untruths on internet boards could go a long way toward a more useful internet.
AIMHO,
Airdale
A form required by the NASD for reporting an equity trade executed after normal market hours.
Airdale
Talked to Lynx today regarding SPRL, here is a synopsis of what I was told:
*Lynx has a six month agreement with SPRL as set up through a third party entity, Lynx thinks there is a possibility it may be extended to one year.
*Lynx has been in contact with Robert Yeggy and Sam Hyam concerning yesterday's "fiasco". Yeggy told Lynx basically what I related yesterday that SPRL has no debt with Premier Way and they are very interested in partnering with SPRL in Russia.
*The numbers I provided from post #6767 are old numbers that have no current relevancy and are probably inaccurate. It was recommended that any estimates of income be done as many here already have, extrapolating the data from existing PR's.
*SPRL is not selling oil products at retail pricing. They are probably receiving compensation nearer the $30 range per barrel range. Their margins even with the lower price structure are still very high, perhaps near 90% of revenue as gross income. This would equate to 45% for each partner.
*Upon Sam's return November 3rd, Lynx will provide more information to shareholders.
Good luck to all,
Airdale
Got it from Hyrum Copeland of Vidalia City via phone call. He said they love the price structure USSE has quoted and they would be very happy to pass savings on to fixed income families. He said they hope this deal can come to fruition but also said no contract is imminent and the review process is just starting for the city.
A demo in Connecticut was planned for around November 22nd but was cancelled.
Airdale
Thanks for the share structure info Creede. With you on watch here and Dexter building the business, I don't worry or check this often. It is just being patient and waiting for takeoff IMO.
Best to you Sir,
Airdale
Larice, Vidalia has not agreed to anything yet except the public demo on 10/31 and that they will witness another demo. They want to view a demonstration in Connecticut at Pratt & Whitney prior to any commitments. They will then have to negotiate with USSE for pricing.
Natchez also has a coal-to-liquid plant planned and being readied for construction. Vidalia has options with all the plentiful fuels in the area. Is USSE's biofuel the very best option? From everything USSE has told us it is but until a contract is signed its all talk. When it comes to contracts and politicians it it always unnverving IMO.
Airdale
Great post Abbam. Thank you for sharing your personnal due diligence with the board. It is nice to have on a day when the stock price drops 30+ percent and we have a large shareholder bail on spurious information.
Best to you,
Airdale
Here ya go drillman.
Contact Us
PremierWay Chemical
Contact: Robert Yeggy
Telephone: 513.235.0186
Email: rryeggy@zoomtown.com
Good luck to you,
Airdale
Drill, I don't know where this stock will go long or short term, but I do know Mr. Yeggy likes SPRL and it's management. I think it will go up at some point and rather high.
It is hardworking people such as yourself that I hate to see lose money in the market. If I were you, I would spend several dollars and make a phone call for yourself. Call Robert Yeggy, have a three minute conversation and then relax concerning this soap opera.
Best to you,
Airdale
IHDR I don't know you or what your motives are, but according to what MR. Yeggy told me, your posts have no basis or fact. There was no hestiation when I asked about SPRL owing him money. He said no. There was no solicitation on my part when he volunterily stated SPRL would do well.
I would invite the board to select another trusted poster to make a call to Robert and verify my version of this story.
An apology to you, absolutly not, I wasted time and money on a phone call that contradicted everything you stated. I'm done with you, your credibility is shot IMO.
Airdale
I will admit, IHDR's post created some concern on my part. He did have an accurate name and phone number but nothing else was close to the truth.
This man Mr. Yeggy, wants a business relationship with SPRL and the Russians and was grateful for the exposure.
This type of behaviour by any poster in an attempt to make a couple of dollars is reprehensible IMO. Exposing posters of this ilk is essential to provide a straight and honest forum.
Airdale
I just got off the phone with Robert Yeggy and I am calling IHDR absolutely unequivocally wrong in his assessment of what Mr. Yeggy believes. The phone number listed is from an old website, his words, and was answered directly by Mr. Yeggy. I assume it was at his home as younger children could be heard in the background. http://www.premierwaychemical.com/ContactUs.htm
Conversation as follows his comments in bold:
Hello, this is Robert Yeggy.
Robert, my name is XXXXXX XXXXXXX and I’m from XXXXXXXXXXXXXX. I’m an investor in a firm named Strat Petroleum. Can I ask you some questions regarding your relationship with them? Yes
Do you know of Strat Petroleum? Yes.
Did you go to Russia to meet with them? Yes, they paid for my trip. I went to meet with the Russians and I assessed their needs and they assessed my capabilities.
Does Strat Petroleum owe you money? No.
Are you doing business with Strat Petroleum? No, not yet but I am hoping we come to an agreement.
Is there anything else you can tell me? I think they are going to do quite well. How did you get my number?
Off of your website.
There were closing remarks that have no bearing on the intent of the conversation. The man was very surprised to be called at home. He seemed a bit unsure in talking with me but was courteous and did answer every question. He asked who I represented and I told him I was a private investor in SPRL. Did I get any red flags from the conversation? No, unless you’re absolutely set on them having to be involved currently to provide any oil production.
IHDR, in my eyes your reliability as a poster has taken a huge drop. You didn’t even talk to the man. I doubt you received an email.
Airdale
Walker, we read from independent sources that SPRL people are meeting with some of the largest oil people in Russia.
SPRL PR's that they are processing sludge right now and the totals will begin to grow.
Our new PR firm Lynx tells us we will have $11 million dollars in net income in 2007.
To accomplish the production, SPRL has employed groundbreaking technology that is working in ONE location.
We apparently have other locations with more reserves than many thought.
The price has quadrupled from its low of about a month ago. (is this bad?)
You have provided alot of DD and been a valuable member to this board. You now have a cute admirer that has provided zero DD and only a repetition of "balancing" opinions that attempt to compromise your logical opinion. I hope you are flattered and continue posting exactly as in the past.
Airdale
Airdale
Again, here are SPRL figures as given by the new PR firm for gross and net income. This is on one project only:
Five year gross income projections:
2007...........$20,110,000.00
2008...........$41,190,000.00
2009...........$38,490,000.00
2010...........$35,190,000.00
2011...........$31,123,000.00
Five year Net income projections taxes paid:
2007...........$11,500,000.00
2008...........$24,000,000.00
2009...........$22,833,408.00
2010...........$20,502,000.00
2011...........$17,779,359.00
As revenue builds and loans are put in place to fund equipment, I don't see much need for continuing dilution for the existing sludge site so I used 200,000,000 outstanding shares, the net income per share is .0575. With a PE of 10 the share price should show .55/.60 cents. How conservative are these numbers?
Using their lowest production figure of:
140.....Barrels processed per hour
3360....Barrels processed per day
1209600 Barrels processed per year
$35.00..........Gross income per barrel
$17.50..........Gross income per 50/50 partnership
$21,168,000.00..Gross income per year
$12,780,000.00..Net income per year (60% of gross)
I would surmise they have estimated very conservatively for their income figures. They have paid virtually nothing for the sludge and oil prices are $20.00 per barrel above the gross estimate.
AIMVHO
Airdale
Airdale
Grant, I certainly envy those of you who visited and viewed in person the demo in October. Yesterday as the "insane clown posse" showed here to disparage our moderator, USSE and it's future, I wondered what thoughts were going through the minds of those who had witnessed in person, the great potential USSE possesses. That along with the Woody Allen reference in the Democrat certainly made things seem like a joke.
There were three articles in the Democrat on coal-to-liquid and it's future. I have a call in for Miss Gandy to discuss the coal versus beans future of Natchez. As a child, I ate a small lump of coal. I can personally attest that beans produce far more gas (;^).
Airdale
From the Natchez Democrat, Rentech, Inc. is planning on having a coal-to-liquid plant completed in Natchez by 2012. Woody Allen himself (;^) is involved. Let me guess, a day late and a dollar short as a newer technology is completed earlier and provides less expensive cleaner burning fuel.
Airdale
How do recent events affect plant’s plans?
BY JOAN GANDY
THE NATCHEZ DEMOCRAT
NATCHEZ — As oil and gas prices creep slowly downward and the announcement of a huge oil discovery in the Gulf of Mexico creates excitement in the energy world, the question comes:
Do lower prices and a significant discovery of oil affect plans to build a coal-to-liquid plant in Natchez?
Rentech Inc. is working on a plan to construct the plant at the former Belwood Country Club site near the Natchez port.
Woody Allen, chairman of the Natchez-Adams County Economic Development Authority board, said representatives from the company are in Natchez almost every week.
“Two people were here just a couple of days ago,” Allen said. “The project is on go, and they are working on their study. It is all very positive.”
If all goes as expected, the plant will be open in 2012. Do recent changes in the oil industry make a difference?
Frank Clemente, a Pennsylvania State University professor whose research specialization is energy policy, said he “would be shocked if it has any impact on their project.”
First, he said, demand for energy continues to rise because of growth in China and India. “Oil is a global commodity, and I think we’ve tremendously underestimated the energy needs of China and India.”
In China, consumers are buying 6 million automobiles a year, he said. “And I read a report the other day that said 90 million couples are waiting for a car.” Almost all of them will pay cash for the cars when they get them.
India is headed in the same direction, with their economy and standard of living rising rapidly.
Major oil fields are being depleted in Mexico, Kuwait and the North Sea, Clemente said. “That raises a lot of questions. How can you replace these enormous fields?”
Second, the Gulf of Mexico find announced in early September, about 270 miles southwest of New Orleans, was a huge discovery, but a couple of issues dampen Clemente’s enthusiasm for the find.
“How much is really there,” he wondered aloud in the telephone interview. “And also how deep is it?”
Reports show that the discovery was found almost four miles beneath the ocean floor.
“It’s going to cost a heck of a lot of money just for the pipelines to bring it out,” Clemente said. “I guarantee prices are not going down because of that discovery.”
Third, he said, the price of oil increasingly is finding a floor of about $45 per barrel. He does not believe the price per barrel is likely to go below $40 any time soon.
“Rentech is looking down the road. As long as oil stays above $40 a barrel, they’ll be fine.”
Allen said Rentech officials have told him they have a threshold below which their product becomes less viable, but he said that number is not for public release.
Even with a recession, Clemente said, “People don’t quit living. Babies are born. People are driving. Three million new people are living in this country each year. We’re growing and we’re using more and more oil.”
Another factor to consider is that some of the large oil companies have moved their large oilrigs from the Gulf of Mexico after Hurricane Katrina.
“They’ve gone from about 100 to about 70 rigs in the gulf. And they’re moving to the Middle East or Asia and signing four- to five-year contracts.
“An interesting question is, why is Saudi Arabia bringing huge oil rigs in from the Gulf of Mexico? I think they’re bringing in premium drilling rigs to get their oil. They’re having to go deeper.”
A new day is dawning for energy in the world, not just in the United States. And Clemente sees the Rentech-type coal-to-oil process as the way to a secure future.
“I think CTL is our salvation,” he said. He has never spoken to anyone at Rentech but is familiar with the company because what the company does relates to his area of interest and research.
“Our trade deficit is the highest it’s ever been. We’re buying oil overseas and mortgaging the futures of our children and sending our money to people who hate us,” he said.
“If we can create a clean way to burn coal, it’s an answer to a lot of our questions. Coal is our pathway to reducing our energy dependence on other countries.”
Soon the United States may be importing 70 to 75 percent of its oil, he said. It will follow for natural gas.
Clemente said Rentech obviously has been waiting “for their moment in time. I think Rentech has looked at this carefully and sees that oil is not going back down.”
Another break for Rentech is the interest shown by the U.S. military in the CTL fuel, Clemente said.
“The military is very interested in finding a fuel that can be used in all their vehicles. And they want a more powerful fuel. This fuel provides that.
“Third, this fuel has a shelf life of at least four to five years. You can put it in your lawnmower and leave it there all winter long. That’s another reason the military likes it. And, finally, this fuel does not freeze because it has less water content.”
There is more, Clemente said. The CTL fuel can be interchanged with gasoline and, best of all, can be distributed through the same pipeline system. “This is a big deal. You can’t do that with ethanol, for example.”
Rentech plans to put from $1 billion to $2 billion into the Natchez plant. Clemente said the project will be a huge boost to the Natchez-area economy during the construction phase.
And when the plant opens, the area can expect “well-paying jobs. These are clean plants that bring in educated people.”
http://www.natchezdemocrat.com/articles/2006/11/28/business/bus13.txt
DC, Chapco & Larice, thank you for your observations. Chapco, I hope you are right about being a forerunner and getting noticed. From what I have read, this is disruptive technology but our price and revenues have a long way to go to be the leader. In many business sectors the Alpha gorilla gets a premium share price.
Larice, we do have a tube operable and four being constructed but to whom would they sell any refined product?
Hyrum Copeland, who is employed by Vidalia said they love the price structure USSE has quoted and they would be very happy to pass savings on to fixed income families. He said they hope this deal can come to fruition but also said no contract is imminent and the review process is just starting for the city.
They still need to review the performance of the turbine, get opinions from Pratt & Whitney on estimated longevity with biofuel and assign Attorneys to review existing contracts and negotiate the potential contract we all hope for. Things look positive right now but we still have no financing or contract for fuel sales in hand.
IMO a contract with Vidalia is the key to the whole story. They have set up their entire production and business plan near and for Vidalia City. If this process gets strung out and lengthy it could greatly affect USSE.
Best of luck to all of us,
Airdale
Positives and negatives for USSE:
POSITIVES
-Extremely advanced technology, they are recovering 40+% more oil/ fuel than other firms attempting the same type of procedure.
-Green renewable fuel that has unlimited potential. It is cleaner than coal or NG because of the particulate and greehouse gas scavanging of nature of soy plants
-Hiring very highly qualified people and firms. Kelmer Smith ran the Tennessee office of IC Thomasson and has been an award winner in college and in his career. He has worked intimately with USSE and has taken a position with them, forsaking a highpaying management postion with IC T. He must see something is USSE's potential. http://www.icthomasson.com/news.asp
Dr. David E. Crow a member of the National Academy of Engineering was employed by Pratt & Whitney, a premier world class engine manufacturer and research firm. Election Citation:
For leadership in the engineering design of high-bypass-ratio gas turbine engines for aircraft.
Pratt & Whitney, interested enough to provide demo at their facility and witness the Vidalia 10/31 show.
http://216.109.125.130/search/cache?p=Dr.+David+E.+Crow+&fr=yfp-t-501&toggle=1&ei=UTF-8&....
-Location, unfathomable quantities of soy float down the Mississippi past USSE each day out for export to the world.
-Forward thinking leadership, they have already stated they won't set up plants for producing vehicle fuels. They undertand green incentives will provide the greatest ROI.
Any future plants no matter the intended use will be at a minimum partnered with USSE.
-Pratt & Whitney/USSE have a planned demonstration of the jet engine they intend to deploy in Vidalia. City managers have been invited to Connecticut for said demo. This certainly says something about their confidence level in the system.
-They have purchased an enormous exisiting facility in which they will produce their soy fuel.
-They have announced plans to fund upcoming growth with income from producing tubes. This could limit the dilution shareholders would suffer with increased share issuance.
-Still a Pinksheet. With Sarbox and the costs aligned with creating accurate financials under its mandate, they save large sums of monies by selecting the disclosures they will provide.
-USDA is interested enough to send a man to their demo and verbally provide support for this endeavor. One of America's greatest assests is our production of food, ironically juxtaposed with the weakening financial resources of the very people who produce our food, the farmers. This would help them considerably.
NEGATIVES
-USSE has no current contracts to provide power. Vidalia City is still in the discussion, view the demos and have our attorneys look stage. Prices for power have been quoted and City people like the numbers but this, dispite the optimisom, is still in review stage. They want this to be a reality but nothing is concrete. IE this means no revenues at this point.
-The Oppenheimer fiasco. We have no funding period. No funding means no tubes, no production and no revenues. This was also a hit to the credibility of USSE to PR information on a contract when in fact, nothing existed.
-USSE visability to shareholders, we have some but not what we want or need. Many shareholders and almost all funds won't buy into this stock until they see at least see SEC documents and OTCBB next to the ticker instead of PK. No big money, no big price increase.
-We in some ways are lost in a crowd of other biofuel contenders. This is a hot sector for research and production. USSE is far behind some competitors who already have revenue produciton. Only a far superior technology will allow them to catch and pass many of the other firms and gain the publicity they will need.
-Delays, this is opinion only but in reading Mr. Rivera's PR's from early this year, he is far behind in his projected progression of USSE. He is making progress but the pace is far behind his statements thus far. This could bear significnat pressure on him to issue additonal shares for funding.
Conclusion, I am long this stock and think it has amazing potential, but it sure has a ways to go. I hope Mr. Rivera has the wherewithall to get the P&W demo done and secure a Vidalia agreement very quickly. If he gets this done, he can show this contract to any number of financiers and walk out with a check
in hand. At that point, this is a real company.
AIMHO
Airdale
MrSparks, existing shares from Joann at Select Fidelity Transfer as of November 24th are:
Outstanding.........181,321,351
Authorized...........500,000,000
Restricted...........*Unknown
Float Probable..126,000,000
*Joann said the stock split in 2004 has made the restricted share quanity harder to define. She estimated the number at 55,000,000.
Airdale
Which came first the chicken or the egg? You have to grow and process the first crop of soy before you can produce the first fertilizer crop, it's all semantics.
Good luck to you,
Airdale
One of the byproducts of their soybean generated fuels is 7-3-7 soy fertilizer which will be returned to the farmers for replenishing the same soil from which the original soy crop was grown.
You really should watch the video.
Airdale
Janeverit, on Oct 31, 2006 Mr. Rivera conducted a demonstration in Vidalia, LA. for about 250 people. In the video (link below) he answers queries for individuals and addresses this question. He basically states that they have no plans for selling or utilizing the fuels as a replacement for gasoline. The reason, they will create higher earnings for shareholders as green credits are added to standard income. I would strongly recommend your viewing of this video at this link:http://www.ussec.us/index.php?page=149
Good luck to you,
Airdale