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WSM, sorry for the MB faux pas, never dreamed it would cause such an uproar. I don't have PM and rarely check messages so when I saw that it was a week old I felt some response was necessary.
For the rest of the board, I was the guy on the CC last week asking about the Time Warner contract. For those listening in do you think the response by the CEO was accurate? Anyway GLTA I think I will stick to things I have a modicum of knowledge of and beauty/fashion/entertainment aren't in my purview. LOL
LOL WSM, got your PM, and no, I did not know that...thanks currently no position and waiting to see where the dust settles...but that sure explains a lot. Thanks
You are the perfect mark for this stock and your post proves why, let me counter with the following:
1. What responsible CEO accepts the chairmanship of another public company without proper DD (ONYI)?
2. What corporate communications are you referencing about the Ill. Bio Fuels dissolution? Last time I heard Radcliff was in Natchez at the party being showcased as the next great thing.
3. BCEI same as above just substitute the names that were being bantered about.
4. What responsible CEO has a vendor reporting the first commercial fuel sales in company history and makes no public acknowledgement?
5. What responsible CEO taunts state and federal regulators about the necessity of required permits only to have delays of delivering said fuels for permits and licenses? Don't get me started on facility permitting.
6., 7., 8. .......the list could go on forever....but always the same theme...it's someone else's fault..
And of course your ramblings have to be challenged, there may be a newbee out there that will bite on anything on a message board and get stuck like you (but unlike you may need his/her money).
Let's try this:
Posted by Bio on another board:
""USSE has been visited by officials from MS epa, and tested,
the plant has no potential for pollution. (until they make a law for
soybean storage)as my last posted stated from the chief inspector from
MS EPA, they may not need a permit. He would not put a statement out if
all no matter what had to apply.""
There is no such thing as Mississippi EPA, there is MDEQ or Federal
EPA, Region 4 (whose jurisdiction MS is under) is in Atlanta, GA. Neither
has visited the site. Unless they are lying (as they laugh)
about it both have said they have never stepped foot on the premises.
Much has been said about permits that someone would think they might be
punitive in nature, when in fact they are just the opposite. Permits
and licenses are, if you will, the rights of passage to do business in
modern industrial America. After an inventor or developer of a process
that requires manufacture completes proof of concept he MUST get proper
permitting from the required jurisdiction, be it, local, state or Federal.
What it means is that the inventor or developer, if you will, has
"arrived" and is ready to take it to the next step, production for
revenue. An analogy might be a kid does odd jobs or has a lemonade stand
and doesn't pay any taxes, then tinkering on his computer, he devlopes
a game that takes off and it makes millions, now come taxes. Most
think taxes are punitive, but in fact, it means whatever your endeavor,
you are making money and are a success in America.
The simple part of this is that all this information is available to
anyone that wants to make the call to the aforementioned agencies instead
of hearing, he said she said.
What peaked my interest, last October, was the CEO saying in public,
that production would begin in 10-12 weeks. Since I have experience in
permitting (in other areas) with various state and Federal agencies it
was simple to find out how far along he was in the permitting process.
The logic was most responsible CEO's knowing the lengthy process would
have started that process long ago, well I MADE THE CALL, and you know
the rest of the story.
Why is this post so threatening?
Why would Kelmer Smith be directed to work on permits if this is the attitude of the CEO?
CEO says plant doesn’t need permits
By Katie Stallcup (Contact) | The Natchez Democrat
Published Saturday, December 30, 2006
Biofuel company CEO John Rivera said his company does not need state or national permits for the future Natchez plant because his process produces no emissions.
Rivera’s company, U.S. Sustainable Energy Corp., recently bought, through a holding company, land and warehouse buildings near the Natchez-Adams County Port.
Rivera said he had not applied to the Mississippi Department of Environmental Quality because his soybean-to-fuel process doesn’t create waste.
“We have no emissions to the atmosphere or into water,” Rivera said. “That’s my claim to fame.
“The only permit I could possibly need would be a rainwater discharge permit. If a Girl Scout was selling cookies under a tent, she would need a rainwater discharge permit.”
He said U.S. Environmental Protection Agency officials visited his research and development facility in Port Gibson “at least eight times” to verify he did not need a permit for that facility.
The Port Gibson facility, much smaller than the planned Natchez plant, started developing the production system in 1996, he said.
Rivera said he did not remember immediately who from the EPA visited the plant. Attempts to reach Rivera for further details were unsuccessful.
Laura Niles, a spokeswoman for EPA Region 4, said she did not have information about Rivera’s Port Gibson plant.
“You need permits depending on the size of the plant and what chemicals are on the site,” Niles said. “More than likely, he will need state permits.”
The MDEQ is delegated the authority to enforce EPA air and water permitting programs, MDEQ officials said.
“Whether you need an air emissions permit is based on your potential to emit,” said Bryan Collins, chief of the energy and transportation branch for the MDEQ environmental permits division. “If you do not exceed those thresholds, you may not have to have a permit.”
Collins said he was unaware if the EPA had visited the Port Gibson facility or not.
“The EPA doesn’t come over here and do things without us knowing about it,” Collins said. “That’s not to say Mr. Rivera has not had individuals from EPA attend a visit to his facility.
“It would be very unusual for EPA to have direct contact with a potential manufacturing site as taking the lead on it without referring people to us
Sorry but you have NO legitimate confirmation of a commercial sale....
Posted by: ezmony
In reply to: larice who wrote msg# 50927 Date:8/18/2007 12:28:50 PM
Post #of 50998
<<well, MLM, you're OLD enough to understand that post is worded by a man who actually is a customer of USSE/SSTP so therefore is pertinent to the stock.>>
And parroting false information over and over does not make it truth. You only have the "word" of a person of questionable character that he is a customer. There is no evidence from the company that a commercial sale took place or even if he was just given the fuel. As far as the rest of the communication it does follow a familiar theme, it was KS's fault that the permits that the CEO ordered were never submitted, as always, someone else's fault. Even though the CEO is publically on record that he never has needed said permits. The cryptically written PR certainly leaves room for more questions than answers, for example, expansion for 50 times the size, size of what? You are in the unenviable position of defending the indefensible.
<<well, MLM, you're OLD enough to understand that post is worded by a man who actually is a customer of USSE/SSTP so therefore is pertinent to the stock.>>
And parroting false information over and over does not make it truth. You only have the "word" of a person of questionable character that he is a customer. There is no evidence from the company that a commercial sale took place or even if he was just given the fuel. As far as the rest of the communication it does follow a familiar theme, it was KS's fault that the permits that the CEO ordered were never submitted, as always, someone else's fault. Even though the CEO is publically on record that he never has needed said permits. The cryptically written PR certainly leaves room for more questions than answers, for example, expansion for 50 times the size, size of what? You are in the unenviable position of defending the indefensible.
Yeah, and let's get something straight, I want to be Big Nuclear and you can be Big Oil shakin' in our boots about this world, no strike that, galactic altering process. That's right I have it from a reliable source that big news next week is that NASA has entered into a contract for the "juice" to power the manned Mars flight. The test results were so overwhelming that they have been able to move up the date of the mission it's going to blast off in......two weeks.....there I said it two weeks!!!
90% of the 24 gallons added, why is that so difficult for everyone to understand?
10? That would only cover one of about 10 prefixes. LOL
For the umpteenth time, make the call.
Let your fingers do the walking...get out your Yellowpages call all the bookstores in your area find one that sells it and go BUY one or two or three....help raise the share price.
Don't worry it won't be the last time.
One thing we know you are fast reader as well as a W. Buffett of stocks.
<<This is a gradual process and getting the magazine out there into the main stream takes time. I think Time Warner feels good about the magazine which is a huge plus and there push with distribution should aid revenue>>
I couldn't agree with you more. However, one cautionary note, Time Warner is a huge player in the print media market and fights for shelf space like any other vendor in their outlets. My guess is that new publications have a pretty short leash (probably 4-6 sales cycles) and either sink or swim so the roll out better WOW them. Sales figures will be important so go out and buy a couple of issues, you women take them to your hair dressers, guys most "barbers" cut women's hair take one there.
Disclosure, no position currently, but plan to re enter. Watch market cap for entry points, ask yourself what would you pay for this company. GLTA
<< Could JR be sitting on cash >>
To be sure that is the case, however, if you ever intend to see any of it make sure you passport is current.
Good job WSM and ditto on your comments. After reading the Q I have to revise my market cap down probably in half. I still like this guy and hope he will learn that the art of communication can go both ways, as much as it can help you it can also hurt if not properly administered. I'll just leave it at that and watch and listen. GLTA
Just out of curiousity when did you call? Did you ask about Port Gibson? How about the Dearing letter?
OK, I'll ask. Why deleted?
Lisa, I don't think an apology is really necessary. But, I would caution anyone about losing their perception regarding penny stocks, history is compelling regarding the pass/fail ratios. Having said that I like the CEO and believe his heart is in the right place even though his lips may be a bit rambunkous. One very important way to look at a venture like this is market cap or value, in this case it's very easy, with a billion shares OS .01 = 10 million. So at current SP 2.6 cents the valuation is 26 million. Now if you had an unlimited checkbook and could go in and make an offer what would you pay? My numbers say for a start up media company this far along somewhere between 20 - 40 million, so if the price falls within that range it's either a bargin at 20 million and a little pricy at 40. As events develop, that number either has a value added or subtracted, that's what makes a market. Remember you can't bash a good company into oblivion.
Regarding the CC's, personally I think they are a little overboard, I think I understand what he is trying to do (offer visiability), but this is fraught with dangers as we just learned. My suggestion would be to limit them to operational updates only and let the numbers speak for themselves quarterly. One thing I picked up on at the last CC was the mention of industry proffessionals helping the launch at reduced fees. I think it would be great to invite 1 or 2 to participate in the CC to show their enthusium for his venture.
Sorry this was not intended to be so long. GLTY
I hope you don't take this wrong but liquidity adds strength to share price, BB is really not that much different than pinks except for financials (which can do more harm than good), and most importantly someone can bash till they turn blue in the face but a good company will prevail. The easiest way to lose money is to marry a penny stock, it's like betting on a three legged horse because you can get 300/1 odds.
<<If I am wrong and you "keyboard specialists" can find a company that produces e-diesel with a normal flash point, I will stand corrected. PP, eef, etc... please show me a company that can mix 50% biodiesel, 34% diesel, 15% ethanol, and 1% additive, and has a flash point above 150.
We are all waiting?>>
Tell you what, if all true, show me any fuel company that does not have FACILITY permitting to produce said fuel and tell us why any legitimate company would not have started the arduous permitting task long ago. You seem to know a lot of inside information, what happened you draw the short straw for weekend duty?
We are all waiting.
<<Greed kills...>>
No kidding, ask anyone that is in this for a multiple of the current share price or who has invested in any one of the many stocks promoted by this CEO.
I believe in brevity, my post #4496 is the Readers Digest version of yours and I got slammed, oh to be the moderator. LOL
Now Fairway you of all people know better than that:
Fuel sales: USSE - 0
SSTP - 0
Carbon junk sales: USSE - $300 for R&D (that's why the mysterious trip to VaTech)
SSTP - 0
Stock sales: USSE - ? billions
SSTP - ? billions
Ergo the famous quotes: "don't need no stinkin' permits" and one of my all time favorites, "it don't matter what the price of soybeans goes to". Neither of which has anything to do with the ability to sell shares.
My second post:
OTC BB | Oil/Gas/Natural Energy Production | U. S. Sustainable Energy Corp (USSE) USSE Quote/Level II - News - Quote - Chart
Public Reply | Private Reply | Keep | Last Read Next 10 | Previous | Next
Posted by: ezmony
In reply to: larice who wrote msg# 7890 Date:11/3/2006 9:56:16 AM
Post #of 50236
That post was a reply to my question regarding where the company was in the permitting and licensing requirements imposed by state and federal agencies. If anyone believes that they are going to produce flamable distillates and deliver for sale a product without meeting these requirements, well sorry, it just won't happen.
Why do you think the mayor's were somewhat less than enthusastic regarding timelines? Do you realize how long the permitting process for just the transport permit would be, probably 6-9 months minimum. Best of luck to you guys and I really mean it, last post
Just think if you would have made the call. It's also why I am suspect that the "delivery" may have been bootlegged, otherwise you know who would be crowing.
Why do you think there has been no public acknowledgment by the company of this commercial sale? Now, tHe "buyer" can't even tell the world because the world is watching (at least a corner of it in Jackson, MS).
<<My question is...if there are no permits yet...how was USSE able to produce and sell said shipment to Ron...let alone how was HE able to transport it WITHOUT the necessary permits in place?>>
THe transport license and permits, if they got them, were off the Texas fuel producer, remember only 1% of juice was involved and that was produced under R&D exemption. BTW, 1% , is an acceptable level of contamination in most fuels.
I really can't understand why people are having such a difficult time grasping the FACT: In modern industrial America you cannot operate a refining FACILITY without regulatory permits.
Now the chief pumper admits to someone here:
<<The permit status is still in progress...I could not get a timeframe...I asked Richard what the permit was for...he told me it is to change USSEC from a research and development company to a company that will be producing and selling products...>>
He was not talking about transport permits BUT FACILITY PERMITS. Get it? If you don't have the permitting for the facility it does not matter if there is 1 or 200 reactors or if you have sales orders for a gazillion gallons of product, you CAN'T PRODUCE.
If you follow the thread of my posts from day one it has always been my question, why you ask, because I was in the consultanting business and dealt with these agencies for years. Not in this discipline but it dosen't matter the theme is the same.
So the same challange that I made to Bluemax applies to you, on Monday go to the MDEQ website, find the number and call the bio permitting section. You will learn a lot, for one thing there is no application applied for among other things.
Oh and BTW, ask him how long the process is AFTER they receive the application and ALL supporting documents. 6-12 months at best.
Exactly, I listened to about 30 minutes of the CC and came away with two impressions:
"Me thinks he doth protests too much"
"The best defense is a good offense"
Now you know how to play the stock. "Trade'em don't marry'em
JMHO GLTA
My replies (starting with 49699)to you were in response to your post #49664, and as you said you chose not to make the call. All I said is that like so many here if you make the call a light goes off and instead of a dreams of riches being fullfilled stock, it becomes an Oh my God how could I be so stupid stock. Then you can act with intelligence.
<The permit status is still in progress...I could not get a timeframe...I asked Richard what the permit was for...he told me it is to change USSEC from a research and development company to a company that will be producing and selling products....>
The first step in the permit process is filling out the application and submitting it to MDEQ. Not done, if you don't believe me call them and ask, then ask the time frame for approval. Why call the fox in the hen house?
Blue, you had your chance and didn't make the call. No PR about commercial sales period.
There are no real questions here that haven't already been addressed. You will not hear of any commercial sale from the company period end of story. Just like transport of the "shipment" was delayed because license and permits had to be paid for and obained so will facility permits have to be received prior to commercial production. What makes you think this facility would be exempt? Do you think Delta Bio Fuels next door wouldn't scream bloody murder or any of thousands of industrial complexes through out the country that had to endure the time consuming and expensive permitting process?
Your question at this point should be why wasn't this process started months or years ago? As of last Tuesday there was no application submission or contact from the company with MDEQ, funny that the last contact was with Kelmer and that was "six or seven months ago". Oh and BTW, if they submitted their application and supporting documents today the time frame for approval would be six months to a year.
Makes it even more peculiar, how did he get involved with the administration of these USSEC funds? Didn't the company report as many as 40 employees at one time, with FICA at 15% of payroll and FIT at least 15%, this could be a very large number, especially adding late fees.
My question would be, how did the engineer get involved with administration of the 941 account and how did it take 6 months to catch him? Any business, small or large, knows you don't mess with the 941, that's how Congress gets their paycheck. Another important thing to remember is that the IRS looks to the COMPANY for payment of these now delinquent funds and it's up to the company to get it back from the accused.
There will be no PR from USSE regarding a commercial sale to anyone. All your information will have to come from a third party and that might not help them from getting "tagged". JMHO
Someone needs to get a copy of that interview and feed it to the company so they can include it on their web feed (sans stock plug).
Always trying to help, that was the original intent....GLTY
As I said I understand....and you're in good company...
Believe me I understand, if you call and ask then the jig is up and the dream is over. GLTY