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I got some more under 6 cents this morning and in the words of A G, I " put them in a lock box".
Like several of you I have been on this ride for awhile. I have been lurking on this board so I recognize names of several of the old timers. Hope we are about to realize what we have been hoping for.
I want to also thank those who continue to share their research. It is greatly appreciated. Good luck to all.
I am happy to say I am Green again. Long since 10/2003
Did Redwood tell you why this would be your last chance to buy at these prices. Would be nice to know what is driving the price up.
Normally you would not see a price rise with high volume if this was only the company selling to raise funds (stock dilution). This is clearly based on someone's anticipating positive news. IMHO.
I asked JR this question several months ago and he said USSE was to be paid a certain price for every gal. produced. My recolection was that he was talking in the range of $1.50 per gal. I then suggested that this would not be a fair price on fuel sold as an additive because it would be sold at a much higher price. He said he agreed and that a higher price would have to be paid if SSTP was selling fuel as an additive.
If SSTP is keeping 90% of profits from sell of fuel I would assume they will be paying USSE its per gal. fee from those funds.
I wish the companys would make this clear.
50k here
Do we actually know that 600 million shares are held by USSE. I was thinking that since USSE double its shares they may have double shares of SSTP that went to USSE. If there were 1.2 billion shares of SSTP held by USSE out of 1.3 billion outstanding that would be 92.3%.
Also, I can't see how 600 million shares could be given to insiders when it was the original plan for all shareholders to recieve dividend of one sstp for one usse. When they could not pay that dividend seems like insiders would be in same boat as everyone else. Why do we think insiders have 600 million shares of SSTP and USSE has 600 million shares?
There was a post several weeks ago where someone said he spoke to redwood and was told that USSE owned 93% of SSTP. I have not seen actual numbers of shares. It would be helpful if someone could post the total number of shares outstanding of SSTP and how many of those shares are owned by USSE along with thier source. Thanks in advance.
I believe he is just a flipper and is either short in the stock or trying to load up. When he is ready for it to rise he will not be posting negative post. But as soon as he sells he will be back.
My thoughts on the Illinois Biofuel Group, LLC deal.
First, I believe in the USSEC process for creating Biofuel. That said, I am in this for the long run.
We are getting two points of view regarding the deal in Illinois. One says the deal is dead because ILL Biofuel's web site listed another partner and because Radcliff, CEO of Illinois BioFuel Group responded to an email regarding USSE stating "Thank you for the e-mail. At this time I really do not know the status of USSEC."
I know the first is true and have no reason to not believe that the second is also true but I don't believe based on this that we should jump to the conclusion that the deal is dead.
From the press release of April 24 USSEC/SSTP's role in this deal is to provide electricty which I assume will be used in part for ILL Biofuel to operate its fuel plant. Relevant portion of the release is as follows.
"The scope of the initial Phase I Project, which may be expanded, is to provide a 4 reactor USSEC/SSTP plant utilizing all liquid and gaseous fuels in the production of green power. The basis of design for the USSEC/SSTP Biofuels plant and green power plant will be 40 tons of soybeans per day per reactor, with a target power plant production of 100 mw. Funding will be provided by Illinois Biofuel Group, LLC for the procurement of the BioFuel site, permits, rail access, feedstock supply and any and all project financing for development, design, construction and startup costs."
The partner referred to on the web site of ILL Biofuel to my knowedge does not produce electricty. Therefore it should not be assumed that they are replacing USSEC/SSTP which has a clearly different roll to play.
Sackmeister stated that there is simply a delay. "The problem they had is the property was overpriced and USSE/SSTP is looking for another piece of land."
This should not be a problem for ILL Biofuel. There is no reason why ILL Biofuel would have to delay ground breaking because it can get electricty from other sources until USSEC/SSTP is up and operating.
It is logical to conclude that ILL Biofuel plans are not contingent on USSEC/SEC but they will take advantage of its technolgy if and when they can make it happen. It would be illogical to think that they would place their future in the hands of an unproven pink sheet company, but they do not risk anything by agreeing to let USSEC/SSTP set up a plant in Ill. and then buying from them electricty for below the market rate. This is simply a Win Win for both companies.
I tend to believe that this is a simply a slow process and we are still on course. With the potential return this investment holds I believe the risk is acceptable. At least for me.
Coke doesn't have a patent on its formila either. The formula for coke is a trade secret. If you apply for a patent you have to give the details of the process to the public. Everyone would then know what the catalist is. Countries like China don't respect our patent laws and our company would soon find itself competing against its own technology around the world. Sometimes it is just better to keep it as a trade secret. I hope that this is the right decision for USSE.
I have
Pre-12/1 had rights to Shares in USSE and SSTP. Post-12/1 only had rights to USSE. Since USSE and SSTP were trading at about the same price. Assuming that there are similiar number of shares outstanding for both companies (which I believe there are) then the compainies are of close to the same value. Now that USSE holds 90% of SSTP shares as treasury stock, Post 12/1 stockholders are receiving a benifit they were not entitled to before. The stock price does not reflect this but they now own 1/2 of the % in USSE that they owned before but USSE should be ruffly twice as valuable as a going concern since it now ownes 90% of a company which is of equal value. Therefore post 12/1 stockholders should have stock with underlying value very close to what they had before.
This is also true for pre 12/1 stockholders who own the same % of USSE that they had before. They lost their SSTP stock but the increase in assets owned by USSE (SSTP held in treasury) makes up for this.
Seems to me that every one ended up with assets of similiar value as they had. It is just in a different form. (I realize that the stock price does not reflect this but I believe that this is caused by confusing and panic selling)
All longs, whether pre or post 12/1 should now have a common goal from this point forwarded and lets hope that the stock market appreciates the added value to USSE that is realized from owning 90% of SSTP.
IMHO.
Alstock, when redwood called you did he say how many shares were outstanding for SSTP and how many shares were transfered into USSE. I was unable to get a clear answer when I called Redwood in California. Thanks in advance.
Larice, Thanks. EOM
Larice - Can you direct me to a source to confirm the 600 million shares of sstp to usse. thanks
That can be read to mean that usse will recieve about 650 million share of sstp and if that is the case I don't have much of a problem assuming that is about 80 to 90 percent of outstanding shares of sstp. We just don't get any details with the press releases and Redwood want return my calls. This is really frustrating.
Has anyone been able to get any information from Redwood today?
Can anyone tell me what % of SSTP shares will be owned by USSE. Unless it is around 90% then there is a problem.
The company you own twice as many share in should own SSTP or at least most of it. Not what I wanted but better than your discription of this turn of events.
I agree. I hope we are right.
A 2 for 1 stock div. in USSE should reduce value by half if it was not for the fact that USSE now ownes stock in SSTP. That should increase its value. If USSE now owns 90% of SSTP then the value of USSE should not fall. But if USSE owns only a small % of SSTP then it should fall. The question is what % of SSTP does USSE own.
I assume that USSE received the same number of shares of SSTP valued at 15 cents per share as they are to issue in USSE stock. This should result in little effect on share price of USSE but since we don't know the details the market can't price it fairly.
JMHO
What % of sstp shares are now owned by USSE? If USSE ownes most of SSTP then this is ok. If not then I would rather have had my SSTP shares.
There are to be 4 reactors with 4 tubes each. Each tube to produce 6000 gallons a day or 96,000 per day for the 4 reactors. 30,000,000/96,000 = 312.5 days of production.
I doubt that you care about saving me money. I expect it has more to do about covering a short position.
That is not really what that article says. It says that some of the palm oil comes from deforestation of rain forest and from drained peat swamps which releases carbon and both are harmful to the environment. It does not say all plantations of palm oil are bad for the environment and it makes no suggestion that the technoligy is bad. It does say that since there is not currently a good way to track from which source Palm Oil comes (whether environmentaly friendly or not) some companies are refusing to use Palm Oil at this time.
Does anyone know what the plans are regarding the ethenol plant in Natchez. I assume that even if we don't merge with NYOI, there is no reason we would not do an arms length deal to purchase this plant. I felt like that was the fast track for USSE and I hope we are not having to start over.
I have not heard that shares will be paid into the company from the merger but it makes some sense. These shares would be owned by the company and could be sold to raise capital. I have not heard anything about our being able to borrow funds. If we can't find a lender then this maybe the best way to raise the funds to jump start this company. I would gladly take a 30% dilution in my shares if it would get this baby rolling.
Thanks Chap for your reply and King I apologies for being impatient you are right. I would say though, stockholders should not have to ask questions about where their shares are for a spin-off company after the spin-off is trading. The details should have been know to the company and conveyed to the stockholders before the company began trading. There are events which can not be reported in advance but this is not one of them.
It is not a good sign if no one can answer my simple question. A little help here would be appreciated.
Question, If I have owned USSE from the beginning and have not sold any shares, Will I receive a 1 for 1 stock dividend in SSTP and if so when can I expect shares to show up in my brokerage account. Please provide your source of this information if other than the announced stock dividend. I am simply seaking confirmation and pardon me if this has already been discussed as I have been out of town for several days and could not follow the board.
Good post. I agree.
The seller of the shares will get the dividend of USP shares even though he no longer owns USSE shares. The buyer of USSE after the ex-dividend date does not.
Respectfully I must disagree. The ex-dividend date is the first date that buying the stock does not give you the right to receive the dividend. Unless the company changes the terms of the dividend then I don't believe that buying shares of USSE now gives you an interest in USP.
Has this press release been recended.
November 28, 2006
Today is the last trading day to qualify for the dividend
Press Release
By USSEC · Tuesday November 28, 2006 12:00 AM
This is a reminder that today is the last trading day that allows investors to qualify for the previously announced dividend in Sustainable Power Corp
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News Archive: 2007 | 2006 | View All
My view on dividends.
It is my understanding that the ex-dividend date for USP has passed. Only stockholders of record before the ex-dividend date will receive shares. I assume this has not changed. If you have bought USSE since the ex-dividend date you do not become obligated to pay the dividend to anyone else. Your rights as a stock holder simply do not include a right to the dividend. The current price of USSE should already reflect that it does not come with any USP dividend. That has been severed from the stock.
Regarding the ONYI 1.3 to 1 merger. Yes you want to hold the stock at the time of the merger. Not because you get an extra .3 shares but because the merger means we are moving forward as a company. No value is create by getting 1.3 shares for every share you own in and of itself. The value is only created when the underling value of the company increases.
The only thing any one looking at this as a long term investment should be concerned with is whether the company as a whole will increase in value and if you believe it will then don't worry about stock dividends. Simply look for a good entry price, jump in and enjoy the ride.
Good luck to all.
Here is another Rebel. Good luck to you and to all USSE stockholders.
Thanks,grantg2. I have and I will. Just anxious to see how this is going to work out. What are you expecting to receive per share.