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Its very clear and understandable dilution is going on. I'm glad its finally inked in.
No dilution?????????????
"Under the terms of this settlement, 96,010,412 shares have been released from escrow"
I think he meant diameter of 5". They have a hopper that feeds it soybeans.
LoL, interesting post from RB from today:
Been there done that
It seems that everyone has a lot of conflicting info about where this company is right. So here is my 2 cents worth.
There are three tubes in the USSEC warehouse
One is from about four years ago that has been rebuilt. It is about 5" long and is still the main demo tube. They only put soybeans in this tube.
They built another one in 2006 almost just like it that they test all other Biomass with. They are testing anything they can think of. All you have to do is go there and they will run both of them for you and you can see for yourself. They can also load these two demo tubes into a small truck and take them anywhere to do demo's. All they need it power.
The new FREEUS is about 60 to 70 feet long including related attachments and about 40 feet wide. They have run it successfully a few times this month and are making modifications on it as they analyze each result, mostly having to do with separation of product after it leaves the reactor tube. The main difference between the demo tubes and the new FREEUS tube is that the demo tube is a totally closed system during the operation, while the FREEUS tube has gates on each end to allow them to add and remove biomass without losing the vacuum or heat in the main pipe. Just like a guy going in and out of the shuttle for a space walk. This is major because if they loss the vacuum or the temperature goes below 400 degrees the whole process has to be shout down and completely restarted. So far this does not seem to be the problem. Again, just make an appointment to visit the plant and see it for your self. It only cost the price of an airplane ticket. They are not charging admission, yet!
About the Distilling question and the cut 1 and cut 2. They are distilling in a since. Remember that the process runs at about 600 degrees so everything is almost turned into gas. (Or maybe it is turned into gas, this I am not sure about. We just know that it is very hot biomass) Anyway as it comes out of the main tube on the other end, it enters the separation process. As it moves along it cools and they capture the heavy oil first, then the light oil and then the gas. You can see the system in the photos. Simplified they are really just letting gravity and pressure do their work. When we were there the carbon continued out of the building and is dumped into a hopper. They gave samples to those people who asked for them. The stuff smells and I don’t know how they took it back on the plane. They also did the whole video demo dog and pony show for everyone and answer every question put to them. They seem to have nothing to hide, other than their trade secrets. If someone couldn’t answer your question they would just take to someone who could. Visitors talked freely with one another and were never interrupted. They seem to have enough materials on site to build at least 2 or 3 more of these FREEUS size reactors, but I really could say exactly. I didn’t take an inventory.
I don’t know what will happen in the future with this venture. It could all go to hell over some small unforeseen problem they can’t solve, get slapped down by big oil and taken over. It could be sold to someone else as soon as it’s completely proven out in mass production. Who can predict the future? Until they get the first reactor into DAILY production for a week or so it is all still speculation. But as soon as that happens, everyone will want to get involved. The fuel is what it is and has been proven to run a diesel engine. If it does nothing else we still have a winner in my opinion. It was an interesting tour and I hope it will succeed. We sure need it. So I am holding usse.pk for now and I’ll buy it on the pull back when I think it is a bargain. That price I will keep to myself. I’m sure you understand.
Sorry if we can't read every message as soon as it gets off the press. Rules are rules, off topic will be deleted as soon as noticed. GO USSE!
Anything off topic will be deleted, per management of ihub.
I think whenever spc starts trading it will show up in your trading account, because it will be included in the share structure. Don't know if they will be restricted or not. JMO.
I just added s'more. LOL!
Morning all, calm before the storm? LOL!
The drop was caused by bidwhackers. My guess is that people got in yesterday expecting this to run.
.295 x .305
The company projected 11 million in 2006. This is from the actual sec filing pertaining to xnl:
Six months ended June 30, 2006 compared to six months ended June 30, 2005
Net Loss. We incurred a net loss of $8,099,337 for the six months ended June 30, 2006 versus a net loss of $4,475,959 for the six months ended June 30, 2005
Its not in any pm, it was in the link in laban's post. Hope this helps. This is the link:
http://www.investorshub.com/boards/read_msg.asp?message_id=17030005
That stock didn't have revenue or a running plant and the stock price hit $15 dollars, imagine what usse can do.
How does a shell(FCCN) raise 1.5 million dollars if they have no revenue?
VFIN has been active since january diluting and is still on top of the ask.
One left at .25
Taco Bell earnings take a hit from e-coli.
http://www.msnbc.msn.com/id/17129054/
Somebody is accumulating this morning, almost a million shares traded in about fifteen minutes.
.20 x .21
Take a picture of the FCCN car, would you?
Thank you
By the time the 14a comes out the float will have more than doubled.
Its called dilution.
FCCN down 11%
Good things come to those who wait.
Over half a million in fifteen minutes is low volume?
Yep, he's on the road right now, going home.
FWIW, i just recieved a message from laforce, he said that he was still on the road. He also said that he was very impressed, he will be back monday.
I agree 100%, he should be banned.
I did, personal attack.
Proof?
Impatient sellers are causing the decline.
When they're crying, i'm buying. LOL!
Do you mean these guys:
John Rivera
Chairman & CEO
John Rivera invented USSEC's patent-pending fuel manufacturing process and has 30 years' experience in business and technology development in U.S. and international markets. His accomplishments include developing a clean-oil process that converted pit oils to uncontaminated fuel; developing co-generation facilities in the Dominican Republic, Puerto Rico and Nicaragua; and leading the development of process technology to extract clean oil from contaminated sand in Kuwait. He also has designed and developed numerous computer-based systems and researched and developed chemical reactions and catalysts.
Alex Machado
President of Operations/COO
Alex Machado has a long record of operations success and growing business with major retailers. As managing director for the Atlanta-based operations of Floor & Décor Outlets of America, he conducted private meetings with investors, performed P&L analyses to increase EBIT and gain market share, and created a customer loyalty program that increased business 22 percent while maintaining margins. At Best Buy, he managed and operated over $100 million in business annually and developed plans that increased market share and profitability. He spent eight years with Circuit City, winning many awards and ultimately serving as Miami district manager, IT, where he increased revenue by 15 percent.
Gerald Brent
Vice President Operations/General Manager
Gerald Brent has worked with Mr. Rivera for seven years as plant manager and been instrumental in implementing USSEC's technology. He has more than 33 years of business, management and plant maintenance and operations experience, including owning and operating his own business and serving as maintenance superintendent for Sanderson Farms.
Kelmer Smith
Vice President Engineering & Construction
Kelmer Smith has been a project engineer and mechanical engineer for refinery processes at Exxon USA's Baton Rouge, Louisiana, refinery (the second largest in the world); a project manager at Cataphote Inc.; and a design engineer and project manager for Entergy Corp. at the Grand Gulf Nuclear Station. He left Entergy in 1996 to establish a successful consulting practice that eventually merged with I.C. Thomasson Associates, where he served as a principal mechanical engineer and president of MS Operations. He has also served as project manager and design engineer on numerous industrial projects.
David Crow
David Crow was formerly senior vice president at Pratt & Witney, responsible for the design, development, validation and certification of large commercial engines, military engines and rocket products. He joined Pratt & Whitney in 1966; he has also served as senior vice president for the Large Commercial Engines unit and has led R&D for advanced technology systems. Dr. Crow is an elected member of the National Academy of Engineering and a member of the American Society of Mechanical Engineers and the American Institute of Aeronautics and Astronautics.
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