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I called redwood yesterday and they stated that they are going to issue paper certificates and that that should be completed within the month (hopefully). Also they stated that the shares are "2 year restricted" which I had never heard of until now. Maybe I was wrong about that information but that's what they said!
Maybe there was an error with Yahoo! Finance, but I just tried to pull up a quote on usse.pk and it said that it is not a valid symbol. Anyone know why? Did the merger finally take place with the Orginal New York company?
I have been gone for a while and was wondering what is the deal with USSE. Wasn't there supposed to be a dividend of 1 share of USSP? And then what about a buyout/merger with another company for 1.3 shares of another company. Can someone give me the run down please? So, if I had 1,000 shares of USSE in Oct (hypothetically) I should now have 1000 shares of USSE and 1000 shares of USSP or 1300 of the other company? I am just a tad confused as I only have the orginal amount of shares in my account of USSE and no other company shares from the dividend.
Thanks to all!
wjem
I haven't seen anything, but has JR specified what charities he will donate to? I do understand and see you point of where you are comming from though.
Can it be fair to say that while the company seed is still in the ground, it is not fair or right to donate the 10% of net profits to charity while it is still growing (i.e. for a few years). And don't being to donate until the company feels that they have enough net income to stop reinvesting all the profits in the company and and being paying an actual cash dividend to shareholders? (i.e. don't give money to charity UNLESS you are ALSO paying a cash dividend to the OWNERS of the company?)
I personally belive that it is irresponsible of the management to donate profits when it should be reinvesting all of those profits in the company or paying it's shareholders first.
What I did notice yesterday, was that there was a reminder PR on the USSEC.US website, however, it wasn't picked up by any of the major newswires.
O well, in the past,
I do hope that this stock (or USSP) takes off after Dec 1.
wjem
Volume = Low
Anyone have any ideas why the volume is so low being it is the last day to get the dividend? One would think it would be higher???
ok, I dont have PM, My whole thing is that I feel it is irresponsible to start giving money away when you have large long term debts, no dividens paid to stockholders, and no shareprice apprciation (yet), while I do know that it is still early in the company, But as I said early, I just think that its a bit early to talk about what the company is going to do with the money that they are going to earn before they earn it. The cart before the horse speech as I was saying earlier. I have no problems with distrubting profits, just make sure that they are also paying money to shareholders, AND reinvesting in future growth of the firm.
Down the road, In a long time, I think that it is possible to expand, provided distrubition is aviable, and Sell this to a consumers retail (i.e. in place of gas for cars), but the company needs to grow first. And you can't always grow by giving away, even 10% of your profits. A great example is BRK, Which I am involved in, and grows between 15-20% a year for the past 20 years, beating the market.
I am out of posts for the day, however, feel free to email me at the address provided in my profile to discuss more. While I can afford to risk and lose my investment in USSE, I do not want to have to, which is just like everyone else. I am just asking questions and learning about the company.
The faster this company is able to eventually sell their product for use in cars, the better for the USA and the world as a whole. I just am suggesting that they wait so that they can grow faster and have a larger impact on the world as a whole, and I feel that reducing the US's dependence on foregin oil as soon as possible is a large step.
JR doesn't like to take phone calls nor return them (I've called a bunch of times, the company doesnt even have an answering system or attendent on their number on their website). I have however spoken with Jens and another guy (a VP or something) at Redwood. Its too bad that on their website they really don't talk about giving to chairty, or links. You know, its not typically for individual investors to meet or even talk with CEOs/Presidents, thats what IRs are for. In regards to beineg first, I suggest that you take a course in business ethics, and remember that the number one priotiryt is to Stakeholders, and while the community is a stakeholder, Shareholders come before the community. I wish before I invested in Google, I could have gone and met with their CEO. And ya, is it wrong to be first considering that you invested in the company and took a risk? Becasue in theory if it goes belly up, (which i dont think it will), we are the FIRST to lose, so why can't we also be the first to win. All I think is that the business should make a profit w/o goverment subsidies before it should make donations back to the community. I think that the shareholders should be able to distrube the earnings in the way they see possible. When I make donations, I would like to see what they do around where I am, not in an area where the business is in. So just give me the money and I will donate it to a cause near me. Plus, I will get the tax write off, not JR (the largest shareholder.)
A large portion of JR's wealth is now tied up in the company (and will be for a while in the 500million restricted shares), so in order for him to sustain making his donations, and getting his tax writeoffs, he is using the shareholder's profits. Too bad he is the largest shareholder, I guess we are all just along for JR's wild ride. I know I will stay on to see what this guy can do.
Indian tribes regularly invest in companies to distrute and grow the earnings from the casino profits.
An example of one such company is a real estate invesment company owned by the Onidea Tribe in Wisconsin, Seven Generations Company. The company owns and managnes properties that are not all on the tribe land nor related to their other businesses.
http://www.osgc.net/
There are other tribes that invest in other industries.
You need to examine all sources of financing and capital at times. In business you need to be open to new ideas, and thats just what it was, an idea.
Knowledge? I wouldn't worry about it. I mean, I found this company just like you did. And I typically don't invest or even look at Pink Sheet stocks. Someone told me about it and I did enough work before I bought in at one of the best prices in the past couple weeks.
If you were that big with your Vast skill of knowledge, you would have already made it big by now, would be on a tropical isalnd and wouldn't be messing around on a message board but with a hot chick. I on the otherhand haven't made the big bucks yet, Haven't had enough time being as I'm only 22, which is apperantly too young from your responce.
Do you even have a degree? and in what?
Westerfeffer, how would financing from Indians be bad? All we care about is getting the capital and then paying it off. It could only be bad for the tribe if USSE goes belly up, which according to everyone on this board, (and in my opinion) won't happen.
Please inform me where on the website, outside of the PR that talks about the charity donations, does it talk about it? They dont have it in thier mission at all. All I am saying, is that the shareholders are financing JR's personal donations. This company shouldnt worry about what they are going to do with their profits until they EARN THEM and SUSTAIN THEM. Whenever that is, who knows. They STILL have not provided audited numbers yet, when will that be? who knows. I wish soon, but in my opinion, not until the 1st Quarter of 2007 at the earliest. This stock can not do anything and say there with out the numbers and registering with the SEC.
I agree with you, they also have a guy who worked at Best Buy for a while. I think they can do it. Maybe get an Indian tribe to finance it? there are tribes all around the world that have tons of cash and look to invest in startup companies.
Bill Gates gives away his own money, not those of his shareholders, and he didn't give it away until after his company was out of the start up phase. Microsoft DOESNT HAVE ANY LONGTERM DEBT.
THIS COMPANY NEES TO GROW first
If you think about it, this is JR's way of using the company as a tax shield, being as Corporate taxes are more, so there is less to not pay in taxes than personal taxes.
Maybe JR is putting the Cart before the horse though. He doesn't have any net income to start donating yet? So Why is he already spending (or starting to plan to spend) what he hasn't achieved yet? Maybe I should go out and by a new house becasue I know this stock is going higher, or I know I am going to get a new job with a big paycheck.
Also, look at Warren Buffet's company. They don't donate any profits to Charity OR pay a dividend, instead, BRK invests it all back into the business. Warren Buffett Personally though makes donations to chariy's. Now, if JR wants to donate his own personal assets, shares or money, I have no problem with that.
I just think his timing is poor. To think he is talking about what he is going to do with the money before he has it. Is he really putting the best interests of the company into play, or his own? While he is the majority shareholder, he is also a big fish in a small southern town who wants to be the hero, while using our investmemt as capital for his little project. He should reward those who invested first with a dividend or else reinvesment and growth before giving it away.
Ok, I feel as I have exausted this subject and gotten my point across. I'm out. have a good night.
Go USSE. Long and Strong
I'm just wondering if anyone else has ever thought about this or raised the question or has any more insight on it. I don't need any of your scarasitc coments though, just reasonable thoughts.
Yes, 10% donations make you feel all warm and fuzzy inside, but in order to live, you need to get results, at least in the begining.
I am not against the 10% donations overall, I just feel that a startup should invest all of the net income back into the company to growth and development. If they are giving money away, then maybe they should give some back to shareholders.
The reason why they aren't issuinging the dividend is becasue they are INVESTING it back into the company, which is what they SHOULD do with ALL of the net income, as what all new startup's should DO. Their #1 priority is to SHAREHOLDERS, not donations to Charity. Pay the sharholders a dividend for taking a chance and risk with this company where the majority of the information is all speculation. Until there are HARD numbers (not the WSR projections, which by the way WSR recieved a fee and 450,000 shares of USSE for writing the report (last disclaimer page)), I think that this is still a risky investment, one that those who can not afford to lose what they put in, should not take. I have invested only the amount I can afford to lose tomorrow, and am NOT betting the farm until I get some further, HARD evidence.
In regards to the post, the 50cents a gallon producing cost is including the 1.20 Subsidy, atleast that is what I was led to belive when I talked with Redwood 30 min ago.
That test was what, a few weeks ago? When are they going to announce the offical subsidies? Is is actually going to be 1.2? it could be lower or it could be higher? I hope it is 1.2 or higher?
Overall, what I am saying is that when a company is in the growth stage, it should focus on growing more faster, and THEN, after it is at a comfortable level give more. I mean, in theory, the company should focus on creating SHAREHOLDER wealth, so why not pay a divided to the shareholders before donating money?
If a firm doesn't pay dividends, typically that is because they are putting it back into growth.
All I am saying is that if this company is so profitible to give 10% to charity, then why not start paying a dividend of 10% to shareholders as well?
so W/O the subsidies the price of producing a gallow would be 240% higher, wouldn't that worry anybody? Ya they can say what they feel, but until some raw data is aviable, doesn't that worry anyone else. A 240% jump in production costs in a startup phase is a big deal.
I've called them, both Redwood and USSE and never been able to talk to anyone.
But it just doesn't make sense, you have to make money on your own before you can give it away.
Where do you get 164million shares? Last I checked, I thought it was like 144 or 146million. Plus I'm pretty sure that JR and Redwood and othersiders, (like the Wallstreet Resources) hold a large portion of the shares. It would be interesting to know how many shares are actually held by non insiders.
$1.20 Goverment Subsidy and Charity Giving? Does anyone think its a little bit weird and funny that the company is basing all of their costs and projections on recieveing a subsity of 1.20/ gallon from the Goverment, THEN giving 10% of net income to charity? So, take money from Goverment, then pretty much give the income used from that goverment to give it to charity? Now let me be clear, I am a stockholder for long term, and I am a big proponent of giving to charity. I just don't understand their thought process. If they don't get the full subsidies as projected, then they are sorta screwed when looking at their margins. And regards to charity, shouldnt the company be profitable longterm before it starts giving money to charity? The subsidies aren't going to last forever after this company gets going. These things are not adding up, nor making sense. Focus on giving back AFTER you have everything paid for and profitable on your own, w/o goverment help, because that help isnt always going to be there. The company needs to focus on creating SHAREHOLDER Wealth, not builing the wealth and donations of the community. How will donating 10% of profits initally during the start up phase help build that shareholder wealth? Most start up companies that are successful don't donate such a large portion of profits. This company needs to reinvest that income to GROW and expand, then after that phase, Donations are acceptiable.
These numbers came from the Wallstreet Resources report on Pages 29 & 30.
Maybe I'm way off on this, but just think about it.
why don't you guys just say what you have learned from JR. Being in the position he is in, and what he is trying to do with register and audit the numbres with the SEC, I doubt he is giving you guys information that he otherwise would not tell other people, becasue, As you guessed it, that would be insider trading on your part. And it would a stupid thing to hype up a stock with no real reason to back it up, once again, that is illegal and unethical.
I have read the 38 page document dated November 7, and still am confused, thus posting the question. I have viewed both demonstration videos. Are they only selling energy (i.e. electricty) and the fertilizer? Are they only selling the technology and reactors to other producers? Are they only selling the waste product for use as the fertilizer. On Nov. 2, Spoke with Jens at Redwood as well. Thanks
Also, with the great expected growth, what kind of plan does the company have in place to attract top leadership & personel. Do they have any employee projection numbers?
Distrubtion, - As an owner of USSE, the only thing that I bothers me is that they don't have a distribution network set up and in place yet. Assuming that they can produce it and their are no Goverment hold ups, how are they going to get this product to the consumer? Where will they sell it. Adding new pumps at gas stations across the country will cost big bucks. Then also, if everyone switches to the USSE fuel, then the demand for traditional OIL/Gas in the US will drop, thus lowering the price of traditional OIL/Gas. Sorry about my basic economic review, but it makes sense. My biggest concern is getting the product to the consumer and convincing them that the USSE biofuel is better. Have there been any longterm tests to see if the biofuel causes any issues with engines after 5 years, 10 years, ect.