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Thank You!!
HMMMMMMM.....
Wonder..... "what happened"....seems video's and other stuff went bye bye.
JHRIVERA.COM
Site Under Construction
well said!!
quote:
"Oh no, wait, he needed to go public to get the funds to finance this life changing invention... lol"
The only life change was for JR ....personally!!!
He went from destitude to renting and driving Rolls Royces'.
Also...what kind of paranoid person...needs bodygaurds?
and...
Public transportation would also be just good enough...as opposed to hiring a private jet, to wisk you off to BS countries, that have no $ that you can scam them out of.
JR ...you could have saved all that shareholder money and given it to " battered women, battered cats and battered dogs"
What a humanitarian!!!
That has got to be one of the most stupid quotes JR has ever uddered out of his pie hole.
What a moroooooonnnn!
yeah...the sec is all about making $.......How, you idiot????
and the part about him not being about makin $......Well said morooooon.....did you tell Pemco and LSole, that you wanted their $?? How do you expect to repay them...oh wait, you wont (just like every other investor you made promises too....Your not about makin $)......
JR PLEASE>>>>>>>>BE QUITE......no more quotes
Its embaressing!
Spec..
Thats a new low ...even for you
1)Aldermans public quotes....dont mean shoot....what matters is what the complaint STATES.....not her personal opinion
2) To booohooo and wish away the facts are BS..
The SEC has alleged that JR and Alice have done wrong....let them (JR and Alice) deal with the consequences.
3) JR GETS PAID A SALARY.....Why would he need $ to survive???
4) Big oil conspri....come on, you are definetly listening to JR ....wayyyy toooo much.
If big oil wanted to kaboosh this start up....they would have just bought them outright...and "shelved" the technology.
The suit also says that Jr made false and misleading statements...during a presentation that was out on the web.
Z, honestly, did you buy (even 1 share) based on what JR was saying ?
I know , I did.
The problem comes, even if its one lousy share that Alice dumped to you, me, and anyone else.....
It's wrong...plain and simple
It doesnt matter if she profited $1.00 or $ 700,000
Law says its a no-no
Bingo!!!
Why do most here confuse the charges with the viability of the process??
One has absolutely nothing to do with the other!
Process works....no problem
JR pumps and Alice dumps.....big problem.
What is even more amazing than production out of Baytown, is how "EVERYONE ELSE...is at fault" for JR's screwups...
He is like a 8 year old that just got caught with his hand in the cookie jar...and blaming it on his 1 year old sister, whom happens to be asleep !!
More like..
WWWWWWWUUUUUUUUUUPPPPPPPP DDDDDDDDDDDDEEEEEEEEEE DDDDDOOOOOOOOOOO
and HHHHHHHHHHHHHHHHHHHHHHHHHOOOOOOOOOOOOOOOOOOOO
HHHHHHHHHHHHHHHHHHHHUUUUUUUUUMMMMMMMMMMMMMMMMMMMMMMM!!
A True Long would say.........But..but..but......he used some of the $ (Alice)...to fund operations.........LMFAO
I guess NOT....LMAO
JR....Instead of renting a Rolls and having bodygaurds...you should have paid the RENT...
Also, isnt this a recurring theme??
Didnt he not pay the conveyor company??
Who's next?
I certainly hope that this guy defends USSEC, and gets paid by USSEC....But JR should get "his own" attorney...and pay for it out of HIS pocket...not corp $
The easiest way to "crack" a corp sheild is to co-mingle funds.
Or use corp funds, like it was your own $.
Even this instance, its a clear crack (if attorney does the personal stuff)
"That is not what the PR states. Are you implying that SSTP is lying?"
Lying.....if JR wrote it....you gotta wonder. I wonder if Alice had some leftovers to unload.
And as an example...here is a perfect example of more JR BS
The Beginning of the End of $4.00+ Fuel
Why is it the begining of the end for 4.00 fuel....cause he delivered 7000 lousy gallons ( to cut other fuel with )
Its BS like this that makes JR look like a dult.
Also, who says that by the time USSEC/SSTP get a big enough market share....that gas isnt $15.00 a gallon.
Jr can bearly (rhinoly) get the couple tubes up in Baytown....he is soooo far off from toughting "The end of 4.00 Fuel"
"Money can make people do stupid things."
I could not agree with you more....
Just ask JR and Alice.
Good One Tex!!!! LOL eom
A ton = 2000 lbs.....
2000 x 0.0075 = $ 15.00
so ...really ...$ 15.00 buys a TON of USSEC stock
IMO...JR will be replaced. Maybe not right this second...but soon enough. It would only make sense that the BOD puts this behind them for the sake of both Companies.
It would also not surprise me , if they finally put to rest the BS with the USSEC/ SSTP fiasco and clarify the parent - child relationship that exists.
And I am not too worried that the stupid argument that JR takes "his secret catalyst" with him.....
There are more than enough indiviguals (board members and employees), that know "what it is".
"What we are witnessing is the SEC trying to discredit the person who is responsible for a very disruptive technology."
Whose theory is that ??? Yours , or what some paranoid CEO told you?
Conspiracy theory's make for good TV...Just ask Moulder or Skully.
Unfortunately for your King of Power...he got his hand caught in the cookie jar..
Allegation 23-24
23.
For example, in the October 25th Teleconference, hosted by Rivera and recorded and posted on USSE's website, Rivera stated that: (a) USSE had a fully operational plant that produced a patent pending biofuel; (b) USSE could
make five gallons of biofuel from one bushel of soybeans; (c) USSE had "guaranteed sales" and multiple contracts; and (d) within one year likely would earn revenues of at least $1.5 billion to $2 billion.
24.
In fact, USSE did not have "guaranteed sales" or multiple contracts. At most, USSE had one contract, which was not guaranteed to generate revenue for the company. Defendants also had no reasonable basis for stating in the October 25' Teleconference that USSE likely would earn revenues of at least $1.5 billion to $2 billion within one year. Moreover, it was false and misleading for Defendants to state that "guaranteed sales" and multiple contracts existed
Thanks Goose....
For not being bias.....
The good , bad and sometimes the ugly should be all brought to the surface , so that investors can make informed and educated decisions.
Ding.....It is not about the FUEL....Its about what a CEO and his GF/wife did.(unless you really just want to spin the heck out of this)
Let me for the 3rd time today repeat what the allegations are about:
SEC Allegation 7-12
7.
Moreover, on January 4,2007, Rivera, acting through Originally New York, Inc. ("ONYI"), a company with which USSE planned to merge, issued a press release (the "January 4th OM Press Release") that falsely claimed that USSE and ONYI's combined technology would have "an immediate market value of between 9 and 12 billion dollars." This press release also repeated the false and misleading claims contained in USSE's earlier press releases.
8.
Collectively these false press releases materially inflated both the daily trading volume and price for USSE shares. As a result, Price sold her USSE holdings at artificially inflated prices.
9.
Between October 2006 and February 2007, Rivera directed Price to sell over 2.6 million shares of USSE stock at artificially inflated prices, thereby generating approximately $72 1,462 in profits.
10.
Price was unjustly enriched in the amount of proceeds she received from these sales.
11.
Rivera drafted or approved the press releases and knew that they contained materially false and misleading claims before he directed Price to sell USSE stock.
Again...I will repeat it s l o w ly...
The charges have nothing to do with the "fuel" or its analysis...
They have everything to do with false and misleading PR's put out by JR to the general public ..while selling shares to profit on the false and misleading statements.
You keep mixing the two up...why??
The Charges are against USSEC.... JR and Alice (PERSONALLY)...
SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff, : Civil Action No. 5;0&U>Y<&Y&~F/~C
v.
U.S. SUSTAINABLE ENERGY
CORP., JOHN H. RIVERA,
Defendants. :
Jut f 7 2008
and
ALICE M. PRICE,
Relief Defendant. :
COMPLAINT FOR INJUNCTIVE AND OTHER RELIEF
The plaintiff, Securities and Exchange Commission ("Commission" or the "Plaintiff'), files its complaint and alleges that:
SUMMARY
1. This civil injunctive action involves a fraudulent "pump and dump" scheme perpetrated by Defendants U.S. Sustainable Energy Corp. ("USSE) and USSE's Chairman and Chief Executive Officer ("CEO) John H. Rivera ("Rivera") (collectively, the "Defendants"). The case also seeks to recover from Relief Defendant Alice M. Price ("Price" or "Relief Defendant") who was unjustly enriched through her sales of USSE stock.
2.
Between October 2006 and February 2007, Rivera and USSE artificially inflated the price and volume of the trading in USSE stock by publishing false and misleading press releases about the company and by making false and misleading claims at teleconferences with investors which were repeated on the company's website.
3.
In its press releases, USSE claimed to have a patent pending process with a plant which could produce more than three trnes as much biofuel as its competitors from the same amount of raw materials. USSE also claimed that it could produce biohel for $0.50 per gallon. USSE further claimed that USSE's technology, when combined with the technology of another company with which it had agreed to merge, would have an immediate market value of between 9 and 12 billion dollars. These claims were utterly false.
4.
For example, during a teleconference with USSE investors after the market closed on October 25,2006, Rivera made false and misleading statements concerning USSE's contracts and its prospects for future revenue (the "October
25th Teleconference"). A link to a recording of this teleconference was posted on USSE's website.
5.
Again, before the market opened on October 26,2006, Rivera published a USSE press release repeating some of the false and misleading statements in the October 2!jth Teleconference (the "October 26" Press Release"). The October 26th Press Release also made false claims about USSE's manufacturing capacity, intellectual property, and the scope of its operations.
6.
Similarly, between November 1,2006 and December 12,2006, Rivera caused USSE to issue eleven additional press releases, each of which repeated the false and misleading claims concerning USSE's manufacturing capacity, intellectual property, and the scope of its operations.
Sorry Larice , but IMO... your personal analysis of the situation does not belong in the IBox.
As of right now (Today)...there are current charges about False and Misleading statements made by JR while Alice was dumping the shares...thats it.....put that in IBox.
Even if the fuel is the absolute best thing since sliced bread....it does not excuse the alleged facts of selling shares while putting out false and misleading statements.
One does not go hand in hand with the other.
Especially for a CEO.
Question for JR.....If they only caught on about the 700K......How much is the "real" figure?
Another question....How much was the bond that was posted to spring you? Who payed it? Hopefully not ussec shareholders.
With all the BS JR put out there...do you really believe that there is a "secret" catalyst????
IMO...It was always just regular pyrolsis process that was resurrected as some "new and improved process"..and dubbed "the Rivera process".
At some point (monatary), even pyrolsis oils becomes a better alternative, dollar wise, to crude...so there is still some value to pyrolsis oil.
Unfortunately, what the charges come from is JR not being able to shut his big mouth...his ego has now cost him more in credibility and money , than his fat body could cash.
And because Fat Boy could not help himself to the cookie jar (pun intended) alone....he had to get his co conspiritor ( Alice) to help swindle the small investors. SHAME ON YOU FAT BOY.
You are by far the "typicle" pink sheet operator....pump and dump for your own gain....and screw everyone else!!!
VERY FAR FROM THE "SAVIOR OF THE UNIVERSE".. "WITH MY DISRUPTIVE TECHNOLOGY"
Hope you enjoy your "vacation"...now you can get as much sleep as you want!
LOL...."what's next? mix it with balsamic vinegar and produce a revolutionary salad dressing with amazing qualities?"
You didnt know that was one of the 68 products produced???!!!?
Potentially "1.8 Billion Gallons Of SSTP Jet Fuel"
and only potentially
Gotta get someone to try it first....
then TEST it (non flying)...then test it some more...
then produce it....
and ship it..
and blend it...
and ship it again (blended)...
and store it..
and transfer it ....
and finally fuel up an aircraft..
and SELL it to them
GONNA BE A LONG TIME!!!
Also..gotta love how its always SSTP in the Pr's...
Guess USSEC is just another screwed over company...much like CYBR
Bingo!!!
"to that of a stronger individual that instead of complaining about things an pointing out thier flaws,"
It takes a strong individual to go against the grain (herd) sometimes...if for no other reason, than to get ALL revelant facts (good and bad).
Let me go further.... I am not the person boasting that "production in 72 hours"...I am not the person boasting that BP wanted to give me "9 billion, and I turned them down"
etc..ETC....ETC ,about a hundred times.....
I am not a CEO of a public company ...nor would I want to be.
Also, I have not taken $ FROM INVESTORS for my "dream".
If the CEO didnt want criticizim, then he should have done a couple things differently..
Such as....STAYED PRIVATE...why in the world with his "earth shattering discovery/time machines" did he need small investors $??
NOT MADE BS PROMISSES THAT HE KNEW COULD NEVER BE FULFILLED WITH HIS TIMEFRAME...and to this day, makes it seem like production is "just around the corner"....when it is still in the R&D phase (and will be for a looooooonnnnnnggggggg time)
POST ON ANY BOARD.....thats a biggy...why would any "real" CEO post messages on any PUBLIC BOARD?...he opened himself up for whatever ( good or bad) is being said....
as a side note,
I get a kick out of how he post under different names/profiles (and is so easy to spot)..that to me just takes the cake.
You are correct...
Well said wechoose...and thanks for posting the entire suit
Easily understood by whom?
Surely you dont mean me!
I understand the suit completely.
"call redwood or usse for all the information. the case could not contiue because the onyi refused to move forward with the suit. and thus the suit was drooped. call them. theyll tell you."
Funny..yeh, good source for information....the defendants in the suit....They would never give you false/misleading info
Can you say positive spin ..... they are a company (redwood) that spins "stuff" for a living.
Thank You.
dismissed on jurisdictional grounds ...doesnt mean ONYI didnt show up. Nor that they would not "proceed"
Thanks for the correct info...
Does the Adams Co suit , allege the same "facts" (same document, diff jurisdiction)?
Is that true ...or was it dropped in another state
I believe that ONYI had multi state suits going..(MINN, MISS...or FL, I dont remember)
Outcome on one was done....wrong jurisdiction.
Other is revelant and currently ongoing.
Its based upon the BS PR's that your fearless leader loves to throw out there...just to see what sticks.
Did you even bother to read the link?
Here it is again...
http://www.greenbeltresources.com/Complaint.pdf
IMO...I believe you have JR on a pedestal , but your really trying to tell me , that you found no similarities to what he pulled with ONYI to what is going on today?
How many times has he called you ( or leaked out info)...that turns out to be totally false/ill-concieved/just plain stupid?
I dont need to base it on shareprice...
Basing it on an inept CEO whom has no business running anything....especially his mouth
PS..Another few priceless quotes from the above link..
"In reality, Rivera/USSEC’s obtaining the MOU
was a critical step in furtherance of Defendants’ scheme.."
And this one... got to love JR math
“Diversified Ethanol A Division of Originally New York, Inc. Closing In On
$12 Billion Acquisition To Become Market Leader In Ethanol Production –
Combined Companies To Produce Ethanol At 60% Discounts To Any Other
Technology In The World.” The release went on to state, “In light of these facts,
if our combined companies were to eventually have a billion shares outstanding,
the intrinsic value of our company stock would be $12 per share, other growth
catalysts not considered.”
How many shares are there presently??
Not basing it on share price...although its obvious that Mr Market is correct again.
The whole PR is BS...as usual
Just another scheme of JR to keep sheepholders interested in this little game of his.
Sort of like the games he played with ONYI
In fact, I was reading about the lawsuit today (just came across it)
INTERESTING HOW SIMILAR THE ALLEGETIONS, SEEM TO MATCH UP TO WHAT IS GOING ON NOW
Read and enjoy!!!
http://www.greenbeltresources.com/Complaint.pdf
PS...heres one of my personal favorite lines from the complaint
"USSEC purports to possess a
“patent-pending” liquid biofuel that provides clean, renewable energy at a fraction
of the cost of traditional biodiesel."
LMAO...JR you pulled the wool over most everybody eye's with that last BS PR,
too bad its just the same old tricks...
different day, same old...same old
Good idea....why dont you recheck your facts...try going right to the source!
SSTP is percieved by the average investor to have the right to the fuel.
The fact is, they only have the right to build reactors and manage the building that houses the reactors.
Additionally, if a customer wants a set of reactors setup, SSTP will do that for them. Period.
Just because it is percieved (by most) that they will make their money off the fuel, does not make it a reality.
Question: If your theory is correct, and now SSTP has everything that USSE once had ..... what purpose and why does USSE still trade?
How is SSTP going to make $ anytime soon?
They are the construction arm of USSE. They are in business to build reactors and manage them. Nothing more, nothing less.
Unless they get an order to build some green powerplants, they are revenue-less.
IMO..most shareholders of SSTP dont have a clue what they have "invested" in.
SSTP builds plants that will produce the juice (USSE's juice)...all revenues from the juice will go directly to USSE.
Dont believe me....heres SSTP's "about" statement
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy total service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green energy plants utilizing the U.S. Sustainable Energy Corporation's ("USSEC") biocrude discovery, a renewable fuel source able to be produced from non-food feed stock. For more information please visit www.sstp.us.
The "agreement" says only one thing...
"Agrees to negotiate"...
in other words...we only "agree" to negotiate....
any good attorney (or either CEO that really doesnt want to push forward), could get out of this "agreement" without too much headaches.
IMO...from what I have seen (and until JR re-estabishes trust )...this PR will fall by the wayside within 2 months.
Its a shame, that management really could careless about their public image.
Also,
The problem with this type of (fluff) PR, is that it makes this company look and act the part of a pinky stock. We all know of the degrative aspects that are associated with every pink.