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Only 8 more months to the end of the year to see what will happen. I cannot wait to get the 8 months over with fast. I look forward to the 10-Q report comming out in May.
Well it loosk like it will now head back to the 0.60s. Funding better be secured by the end of this year or the stock will tank based on false promises. I do not know what to believe anymore with this company. I am waiting for the next significant spike so I can pull the trigger and buy back in after the pull back like we all should be doing.
I remember talking to Paul Brown too before he died. I save his emails as well. I think I made a mistake by betting a significant portion of cash on this stock. I could have made alot more money in other investments, now it comes to whether or not they will actually do something this time.
Either way I am thankful for the learning experience that NSOL has taugh all of us. It is better to invest in ourselves than in other people or other peoples ideas, especially in the OTCBB. Pink sheet stocks are even worse.
You mean this right?
I was right in my assumption about Russia in my previous message. This is good news....I cannot wait until the contract is finalized.
An open letter from NSOL CEO Paul Brown
January 18, 2002
As we informed you in November, Nuclear Solutions signed a Letter of Intent (LOI) with the Photodeactivation and Transmutation Institute of Europe, Ltd. (PTI). I believe it is appropriate to explain the details of our intentions and to provide some information about PTI itself.
Under the terms of the LOI, we both agreed that we would make our best efforts to reduce the terms of the LOI to a contract within 45 days. We have reached the 45 day mark and are still negotiating the terms of our contractual relationship. The delay is unfortunate, but all parties involved would rather have their interests accurately reflected. However, we do expect to have the final terms and a fully executed contract in the near future.
LOI Details
The terms of the LOI are a bit complex, and we will post a model of the cash flow from the agreement to Nuclear Solutions’ website when appropriate. In short, the LOI is in two parts. The first part is a five-year developmental license in which PTI agrees to pay a license fee of $50 million for the right to use our patented and patents-pending photodeactivation technology in the countries of Lithuania, Russia, Ukraine, the Czech Republic, the Slovak Republic, Hungary, Romania, Armenia, as well as the other post-Soviet era nuclear power territories.
This does not mean that we will receive the money the day we execute the agreement. Rather, we have to deliver the completed Monte Carlo code, or MCNP modeling software, that will allow PTI to design a commercial waste processing or power production plant utilizing our photodeactivation technology. Our estimate for completion of the MCNP code is twelve to eighteen months. That time frame may be shortened by cooperative work with the Department of Energy’s Los Alamos National Laboratory (terms still to be finalized).
The second part of the LOI is a use license or royalty not to exceed 15 percent of the net profits realized from (a) material storage, handling, and processing, (b) accelerator-driven system fee, (c) electric/cogeneration fee, and (d) an annual renewal fee. Of course, we will not receive any revenue from these fees until an actual commercial plant is up and running. Our estimate for the completion of a plant is 24 to 36 months after completion of the Monte Carlo code, which means that commercial material processing is still at least four years away.
The Photodeactivation and Transmutation Institute of Europe
PTI was formed independent of NSOL specifically with the intent to commercialize our Technology to the Russian Federation and has its principal office in Paris, France. PTI consists of a consortium of private investors, scientists, and joint-venture partners for the promotion of the private commercialization of our technology.
Most former Soviet Union countries have adopted a stop-gap solution to the storage and disposal of spent nuclear fuel because of the lack of an alternative technology. With the world price for storing spent nuclear fuel between $700 and $1,000 per kilogram and rising, stop-gap measures are proving themselves to be expensive and environmentally questionable. It is estimated, for example, that the Ukrainian state-owned nuclear operator has sent spent nuclear fuel to Russia in the last three years in an amount estimated to exceed US$162 million without a clear indication of what the long term storage and disposal costs will actually be. Recently, Ukraine announced that it planned to build its own dry storage facility. With 14 nuclear reactors, however, Ukraine’s spent nuclear fuel storage demands cannot be met by storage in ferro-concrete casks alone. A new technology solution is needed.
Other groups, such as the Bellona Foundation in Norway, have focused on the problems associated with handling spent nuclear fuel and radioactive waste from Russia, which are estimated to be some of the largest in the world. A number of the proposals for securing nuclear fuel and radioactive wastes are cooperative ventures in which various countries contribute both economic resources and technical expertise. An example of this is the situation in Lithuania, one of the smallest countries to have a post-Soviet era reactor—the Ignalina Nuclear Power Plant. European Union members have required the decommissioning of one of Ignalina’s two reactors in 2005, with the second reactor to be decommissioned by 2010. Currently, the Lithuanian Energy Institute in Kaunas is implementing a 50-year dry storage solution for the country’s estimated 5,200 tons of nuclear waste at a cost of about 50 million Euros (most of the expense to be funded by the EU).
The specific mission of PTI and other groups in Europe is to increase public awareness of the issues behind spent nuclear fuel and radioactive waste and to help create technological solutions. PTI will offer a proactive approach to what many believe is one of the most compelling environmental issues of the 21st Century—nuclear waste.
At the present moment, this is the most appropriate information to release on this topic. However, when we finalize the agreement, further information will be made publicly available.
I did originally plan to make this an update on Nuclear Solutions’ progress. But the letter is already so long that I decided to follow up with another shortly to address specifics of the company’s current status and new developments.
Sincerely,
Paul M. Brown, Ph.D.
President, Nuclear Solutions, Inc
( brown@nuclearsolutions.com )
Relax nasdaq man, we will find out soon whether NSOL is the real deal or just all smoke. If they do not deilver on some form of financing this year for their ethonal plant(s) that will be our answer. I believe it is good odds due to BS comming on board, but until one funding deal is made I would not expect the stock to go up significantly, just back and forth trading.
Everybody is frustrated, but if we waited 5 years what difference if it is another 2 to 8 months.
Its always the same BS, MM walk it down on low volume and yet it takes forever to move the stock upward.
I wonder if I should someday try to become a MM so I can post the truth about what they do and why they do it.
Well May is almost here. Maybe in 2 months the bond money will get secured and the rest will be history. The charts have been good, but it may reverse now, until next accumulation. It did not run as high as it could have, but I guess that is what happens.
I really do hope the rumors are true that FFI will get DOE grant money or loan guarentees that other have posted on this board.
Sad day in Virginia about the 30 college students killed. Crazy world we live in. At least the stock price appears that it will close above 0.81 by the end of the day!
AP
Biotech Seeks to Ease Reliance on Corn
Saturday April 14, 7:11 pm ET
By Paul Elias, AP Biotechnology Writer
Scientists Engineer Microscopic Bugs to Extract Fuel From Variety of Non-Corn Sources
SAN FRANCISCO (AP) -- The ethanol craze is putting the squeeze on corn supplies and causing food prices to rise. Mexicans took to the streets last year to protest increased tortilla prices. The cost of chicken and beef in the United States ticked up because feed is more expensive. That's where biotechnology comes in.
ADVERTISEMENT
Scientists are engineering microscopic bugs to extract fuel from a variety of non-corn sources, including the human urinary tract, a Russian fungus and the plant responsible for tequila.
The quest for alternative energy is more complicated than just finding a replacement for petroleum. Scientists and a growing number of biotechnology companies are attempting to remove corn from the ethanol equation because it has created huge demand for the global food staple.
"There is enormous growth potential" for alternative fuels, said McKinsey & Co analyst Jens Riese. "But we need to be smarter than just building the next corn ethanol plant."
Researchers are racing against time. Already, 114 U.S. ethanol biorefineries are in operation and 80 more are under construction. Producers made nearly 5 billion gallons of ethanol last year, a 25 percent increase from the previous year.
And nearly all of it was made from edible corn kernels.
That's good news for U.S. farmers, but consumers are suffering at the checkout stand because corn prices have nearly doubled over the last two years and will continue to climb.
And with farmers planting corn at unprecedented rates, often instead of other crops, prices for other products may soon rise as well.
Corn is a fundamental U.S. food ingredient, found in everything from soft drinks to cough syrup. It's also a staple throughout Latin America, where residents may feel the sting of rising corn prices the most.
Backers of alternative production methods argue that a technological change is needed soon, before corn-based ethanol grows so large that other manufacturing methods will be squeezed out of the market.
That's why genetic engineers from Berkeley to Florida are racing to produce ethanol without corn. They're looking into termite guts, the human urinary tract and sap from palm trees for exotic microbes that can produce alternative fuel sources.
Scientists at DuPont Co., for instance, have been tinkering with the DNA of an agave-loving bug in a bid to make ethanol from corn waste rather than the kernel itself. Working with $19 million of its own money and the same amount from a Department of Energy grant, the chemical company hopes to have a pilot plant in operation by 2010.
The idea is to genetically engineer microscopic bugs such as bacteria and fungus to spit out enzymes that will break down just about every imaginable crop into ethanol. This would theoretically fulfill President Bush's initiative to support flexible-fuel vehicles, which are capable of using gasoline and ethanol blends, and to cut gas consumption by 20 percent in 10 years.
A growing number of biotechnology companies, backed financially and politically by an odd coalition of national security hawks, venture capitalists and environmentalists, are remaking themselves as ethanol producers to cash in on the alternative fuel craze.
In February, the U.S. Energy Department awarded $385 million in grant money over four years to six projects dedicated to producing so-called cellulosic ethanol, which avoids the corn problem by making fuel from straw and other inedible agricultural leftovers. Cellulose is the woody material in branches and stems that makes plants hard.
Breaking cellulose into sugar to spin straw into ethanol has been studied for at least 50 years. But the technological hurdles and costs -- specifically the expense genetically engineering exotic microbes to produce enzymes -- have been so daunting that most ethanol producers instead relied on heavy government subsidies to squeeze fuel from corn.
That's now changing. Enzyme costs have fallen from about $5 a gallon to less than 20 cents a gallon. Analysts said once enzyme prices gets below a dime, cellulosic ethanol will become affordable.
"There really has to be an incredible improvement in the enzyme cost," said Kevin Baum, an executive vice president at Diversa Corp. "This can't be underestimated."
The growing number of biotechnology companies redirecting resources to capitalize on ethanol's popularity said they are getting close to making cellulosic ethanol profitable.
"It will be a very large chunk of what we do," said Per Falholt, an executive vice president with Novozymes Inc., an enzyme maker and the largest industrial biotechnology company. "It has the potential to transform the company."
Earlier this year, San Diego-based Diversa, which made enzymes for animal feed and other industrial uses, merged with the Cambridge, Mass.-based Celunol Inc. and is attempting to remake itself as an ethanol producer.
Silicon Valley billionaire Vinod Khosla, the Sun Microsystems Inc. co-founder, is among the venture capitalists gambling on cellulosic ethanol. His venture capital firm has invested millions in biotech companies pursuing alternative fuel strategies.
"In a short period of time we can replace 100 percent of our gasoline use," Khosla told executives and scientists gathered last month at an industrial biotechnology conference in Orlando, Fla.
Still, there are critics. Oil and automotive industry executives are skeptical that the country will make the investment in basic equipment.
"It does require the pumps to appear when the ethanol appears," said Coleman Jones, who heads General Motors Corp.'s biofuels projects.
Its going to be a nice close again. 0.85/0.83.
Only 90 more days to see if BS secures the money. In the mean time, I do not expect the stock to do anything soon. It will drift in this range of 0.55 to 0.8 for a while until something concrete comes out such as funding. I do not think another plant annoucement will do anything until management demonstrates that they can secure the bond money, then the additional plant PR will have a positive affect on the share price.
I think this annual report helped answer many questions. The company is straight forward and upfront about several ethanol projects. The pensylvania plant has been put on hold. The Iowa plant option will probably be replaced for an option for the land next to originally planned lot.
A total of 6 plants ranging in sizes from 50m to 200m gallons are planned.
Previously, in 2006 the company mentioned the possibility of spinning off the fuel frontiers, Inc. subsidiary. Management has elected to drop subsidiary spin off considerations for now. In 2007, management anticipates shifting nuclear solutions, Inc. into a holding company that would own three operating subsidiaries. The three operating subsidiaries would be Fuel Frontiers, Inc, targeting the production of ultraclean synthetic fuels, Liquidyne fuels, Inc. for the production of bio-ethanol, and a new subsidiary that would specialize in the continued development and marketing of our nuclear related technologies such as nuclear weapon detection technology and nuclear micro-battery technology.
For the year ended December 31, 2006, we have relied on the services of outside consultants for services and currently have one full time employee. In order for us to attract and retain quality personnel, we anticipate we will have to offer competitive salaries to future employees. We do anticipate our employment base will increase to approximately 5 full time employees during the next 12 months. The successful development of any of our current projects would necessitate that we would incur additional cost for personnel. This projected increase in personnel is dependent upon our generating revenues and obtaining sources of financing. There is no guarantee that we will be successful in raising the funds required or generating revenues sufficient to fund the projected increase in the number of employees.
In August 2006, Nuclear Solutions, Inc. purchased an option on behalf of its independent subsidiary Liquidyne Fuels, Inc. to acquire approximately 110 acres in Union County, Iowa to build and operate a waste-to-energy hybrid bio-ethanol production facility anticipated to produce about 50 million gallons per year. The company paid $7,500 for a six-month option on the Iowa site, which allows it to purchase the property for $824,550. The company chose not to exercise the option due to the fact that an adjacent parcel of land appears to be more desirable. The company is currently in negotiations with the landowner to purchase the option for the preferred site.
As of the date of this report the FFI team is currently developing six waste-to-fuel projects in the United States. The projected output of the projects ranges from 50,000,000 gallons per year to 200,000,000 gallons per year. These projects are not yet fully developed; as each project matures management intends to fully disclose project details as appropriate. We currently estimate that the inside battery limits cost of an ultra-clean synthetic diesel waste-to-fuel facility producing approximately 50,000,000 gallons per year could range from $110,000,000 to $200,000,000. This estimate range is qualified by the fact that the actual cost of any facility can be significantly affected by factors such as the exact nature and terms of the project, the market price for engineering, labor and raw construction materials and any environmental or regulatory costs which are highly project dependent. We will require additional capital to develop some of these projects. We anticipate financing these projects through a combination of debt and equity. The financing requirements for each project can be substantially different from one another and may or may not result in significant dilution and or increased indebtedness of the company.
Within the framework of our business model to launch additional waste-to-fuel production facilities at other potential sites in the northeast, midwest and on the west coast, FFI announced on April 10, 2006 that it had entered into an agreement with Ambient Energy Corporation (Ambient) to begin securing a potential site with abundant waste coal feedstock in eastern Pennsylvania for a 250 million gallon per year waste-to-ethanol production facility. This facility would be in addition to the one under development in Toms River, New Jersey. As of the date of this report, this project is on hold pending further evaluation. However, we are continuing to develop new projects in conjunction with Ambient Energy Corporation.
We intend to build our facilities with modular expansion capability to allow for increased future production and/or gasification of additional or diverse feedstock (waste materials). As of the date of this report, we are currently in negotiations with Stone and Webster, LTD. Of Milton Keynes, England, a subsidiary of the Shaw Group to retain them for services such as design engineering, procurement, construction, and production operations for our renewable fuel projects currently in the planning stages. As a matter of policy and our business model, we intend to outsource engineering, procurement, construction as well as daily facility management and operations of any future facilities to qualified and experienced providers.
Thank you for the update Technoman. Someday NSOL will shine. I am hoping by June 2007. It is worth the risk since I have been here for almost 6 years now. It would be nice to make enough money to have more options in the future.
Tommorrow the MACD may go positive. Thta means that NSOL may actually have a run. It might actually hit 0.85 tommorrow. If the MACD crosses over. As long as NSOL delivers I will be happy because the stock will probably be off this OTCBB.
Now if NSOL can go up another 15 cents that would be a good thing. I wonder if the MM are going to let this stock run. Its been almost a year since the April 2006 run.
This stock is going to drift downard over the next month until either significant news comes out or progress is made in at least one project. I wonder if there will be any update on the 500 million gallon waste coal to ethanol plant.
ood find technoman. I wonder if NSOL will actually get funding from the federal government. Any thoughts?
About time the trend reverses. Maybe the stock bottomed out yesterday as the charts could not go much lower. I wonder if it will rebound to a $1.
It is 2007 I wonder if the Pensylvania plant will be annouced within the next month like the said for the 1 year time table or are they late on that as well?
I wonder when things will get going....I hope its not mid 2008 before construction begins for all of these plants if any. Who knows it may be longer.
I thought after 6 years this company would actually do something that would have brough value to shareholders instead of empty promises.
Now that the CEO has no shares invested makes you wonder what his best interest will be since he sold them all. I am also tired of the conspriracy theory that NSOL is keeping it all secret from the competition.
Star Tech is making good progress. They got mentioned in popular science magazine which may help NSOL get some attention. Maybe oil needs to go to $100 just to get some attention on ethonal plays again.
Any body believe NSOL will soon see 50 cents?
We jst had a almost double in share price. The charts show that it ran for 4 days. This will probably bottom around 0.8 at the minimum and that will become the base for the next move up instead of the 0.65 which was around the base last time. Eitehr way 0.80+ is better than 0.65. In 2 months if the bonds are sold it will be a lot higher than what it is now.
Too bad that NSOL is still a sell on news stock. One of these days they will have a news release that will cause it to go up. However, the stock did almost double in the last week+ so it is all good. I too wonder how long it will take to place the bonds. Any ideas?
All I can say is good close. It is about time. Now if only we get the PR we have been waiting for it will all be history. This better not be another MM pump only to see the stock fall after a run up. Time for a christmas present! Come on NSOL, time to play Santa Claus!
With all of their patents you think they would have done something within the last 5 years. Maybe it was just to get people to buy into things that are not practical! I wish the company would have been focused instead of spread thin. What is the point in having 5 projects all at once. Time to eliminate 4 and just focus on 1.
Typical, remember NSOL ussally is a sell on news stock. When is this company going to do something concrete besides just put out promises. A press release I want to see is The company has begun building a small ethanol plant. Look like it might be longer than any of us have anticipated, but before we can judge lets see what they say for that conference.
I do expect tommorrow we will rebound because the MM took it down to fast.
I am going to hold the rest of my shares until late december and then revaluate if this company is actually making progress. I do like the proven management team. The good thing is that NSOL has historically had good runs in November/December.
Dear Shareholders,
I wanted to take the time to thank each and every one of you for the
strong support and positive feedback that we receive back here at the
home office. I do get a chance to read the emails that we get back as a
result of these mailings (those that get through our spam filter) and am
pleased to see such an overwhelmingly positive response to these
communications.
While the following items don’t rise to the level of momentous
events, I'd like to keep you up to date on some of the small things we're
doing at Nuclear Solutions, Inc. and our associated companies.
Previously, I mentioned opening a new office in the Philadelphia area.
Well its done. We’ve got a shiny new office officially opening this
week that will concentrate on the legal and contractual aspects of
developing Synthetic and Bio-Ethanol projects for Fuel Frontiers, Inc. and
Liquidyne Fuels, Inc.
As we have also mentioned before, Liquidyne Fuels, Inc. has secured a
site option for projected 50,000,000 gallon per year Bio-Ethanol
facility in Iowa. In Iowa, we plan on using a Startech Plasma Converter as the
energy source for this new breed of Bio-Ethanol production plant.
Currently we're in the process of preparing the paperwork and permits
required to bring this project to the stage where it will be ready for
turn-key financing. At this point we have hired a very well-known
engineering firm in the ethanol business to do our permitting. This is an
excellent step for Liquidyne and the Iowa project.
We are also moving the project along in eastern Pennsylvania for one of
our synthetic fuel production plants. Recently we have hired I&I
engineering to do some site planning to locate the facility on the most
optimum 150 acre section of the property.
As usual, our team is working very hard behind the scenes to develop
more projects, funding, and technology, please stay tuned as these items
make their way to the light of day.
Lastly, as a result of previous mailings a few of our supporters have
expressed an interest in visiting a project site, we haven’t
forgotten about you and will be contacting you to make arrangements to have a
company representative meet with you for a site tour.
Regards,
Patrick Herda
CEO
Nuclear Solutions, Inc.
OT: The CEO at a dinner last night in front of 200 shareholders stated that a weathy individual from India bought the entire float (42 million shares) off of the Berlin Stock Exchange of CSHD and that the SEC wants to negotiate and settle this as soon as possible because of all of the attention this stock is getting. Too bad it is halted here in America. Has anybody looked into this stock besides me? This would be one of my reccomendations.
Also if this hits for me, I will significantly add to my NSOL position.
OT: Did anybody ever look into CSHD prior to the SEC investigation? I bought before the share issuance of 6 share for every one in the reorgination after the reverse merger.
Either I will lose all my money or I have hit a home run. The company claims to have control of several billion dollars in bonds which the SEC is contesting. I hhave verified some of the documents showing proof of ownership of the bonds filed in a courthouse in Gerogia, however the SEC did not due thorough DD and either the SEC will shut it down if the bonds from Venezuela are proven false, or if the SEC withdraws and dismisses the charges, then the stock should be set to explode because of the worldwide attention it is getting. Also there is an estimated up to 75 million share short position in this stock and with the reorigination of additional 6 shares being issued, then the shorts would have to cover 6 times in addition to the short share. If the SEC withdraws their formal court hearing in front of a federal judge that will validate the billions of dollars in bonds which are being counted as assets. This stock could be a very good stock shortly. Keep an eye if it resumes trading on November 7th, 2006.
The company annouced last night on Suppenny radio that they are going to file an 8-K about securing a bank loan for 4 billion dollars. Also the CEO mentioned that they are in talks with doing a joint venture with the richest man in the world in Dubai. Let me know what others think of this stock?
0.90 bid 0.92 ask. What is wrong with this stock. This just shows you that there are day traders. This is probably why Herda put out that email.
Nice Close! I wonder how high it will go after it cross the MACD in a few days?
I put the money when I sold a total of 30% of my NSOL position a couple weeks ago on another stock CSHD which I think will increase in value before NSOL. I am betting that after CSHD hits and gets a NASDAQ listing I will beable to significantly add to my position here in NSOL.
I was wondering what some of the longs thoughts are on CSHD since they just added 800 million is assets to their books and will be adding another 7 billion shortly in the 10-Q? I got in before the share reorganization and merger agreement and will get the 7:1 shares issued to me. Another thing is there is a possible short position up to 75 million shares short on this stock. Eitherway, please send me private emails if possible. I wanted to share with you longs. I wonder if NSOL gets the bond money if they will beable to count that as an asset. Any ideas?
Enthalpy
I wonder how low NSOL might go? Any ideas?
Maybe you will be right Technoman. It has happened before...maybe this is one way not to reward day traders and the come out with the news that we have funding. Maybe his logic is that day traders would sell and then the longs would stay so only the longs get rewarded. But, then again....maybe this idea is crazy too...
I will hold a core position, but I will try add free shares on the spikes and both up and down.
I sold about 20% today earlier in the morning before this plunge....I have been holding and buying for the last 5 years...I will see if I can use this to add to my position since the technicals crossed over to negative. I expect this will drift down into the 70s....Goodluck to all!
I have called maybe 5 times throughout the last 3 years and they call us impatient....No its more like show us progress which means $$$$$$$$$$$!
I guess this means that we will be the last to know....5 years later....Any ideas what NSOL will be opening in Philadelphia? Maybe it is the next site...or better yet maybe they have a deal on one of their technologies....How long will it take for TWR....that is worth alot...