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1. Stock now sub 4c
2. Stock depreciates approximately 50% per month
3. Therefore 2c at end August, 1c at end Sept., will need at least a 10 to 1 R/S to make it looks "serious."
USSE sounds bogus, I stand by my comment
that's an excellent decision on your part. if you rely on everyone's initially enthusiastic impression and pay no attention to any later (wiser) thoughts you will hold this stock all the way to zero. While providing entertainment to the rest of us.
back in April I heard about this stock when it was at $0.22. I let the opportunity pass. Now you get two stocks (USSEless) and SSTP which are together worth 12c. Oops, am I sorry!
I called him and he said he no longer comments on it. Since he earlier was so effusive, you can consider that the same as a recantation (if you value your investment capital). Also note that in his letter he talks (as they all do) about how great the process would be, not about how he verified how it works.
the Cornell professor has totally recanted his "testimony" that "supported" the validity of the process, and didn't have any relevant experience anyway.
I'll tell you so (that it has flopped) now.
I started looking at this co. after speaking to someone at Delta Biofuels four weeks ago and finding this co. by accident.
At that time USSEless was at 0.23
Now 0.16 despite continuous crying by pumpers that JR was not getting the benefit of the doubt, bashers were to blame for all the world's problems,etc.
1/3 of your value gone in a month, the number of "reactors" up and running in Natchez for the tent revival doesn't even square up with what he told you on the conference call, $300 of revenue in the bag- sales to a shareholder. What else do you need?
FOAF
1. "for some reason" you thought JR had more than 1 reactor up and running. Check in to the "conference call" he held at the beginning of the month and you will remember the "some reason" that you thought "we have two reactors up and running and two more coming on line soon."
2. So JR could run his own factory on his own juice but then got turned in for not paying taxes?! Did he consider paying the taxes or he just decided "for some reason" that installing a bunch of diesels made more sense?! How naive can you be?
FOAF
also keep an eye out for "bashers" who only get on the board after work hours, that fits the profile... oh wait, professional "bashers" are supposed to spend 80 hours a week (!) posting stuff.
PCT patent application
who is the law firm handling it
why don't you shut the bashers up. Here's a start: tell us what law firm is handling the PCT patent for the Rivera Process. Preferably it will be a law firm that has more than one office.
Then move on to producing the document signed by the President of Brazil in which he states that he is going "to force everyone to use the Rivera Process."
I will then slink home like a whipped dog.
Holding my breath,
FOAF
fuel oil was used for electricity generation before the '73 oil crisis when gas cost 50c a gallon. Obviously now it is used for transportation, which is its highest and best use. We burn mostly coal for electricity (although the carbon dioxide emitted into the atmosphere makes the baby Jesus cry).
dang, I could have bot some USSE yesterday at 0.18, then I would have caught the big run up today to 0.18...
all we need is a big tractor to drag the US down toward the tropics. Then we will be able to grow sugar cane in Nebraska, and ethanol grown from that sugarcane will make us self sufficient in transportation fuel.
Brazil's self sufficiency (mostly) in ethanol has a lot to do with their location straddling the equator and very little to do with the excellence of their government. Recall that a year ago armed gangs took over the streets of Sao Paulo, a city of 15 million people.
maybe you attribute it, after the fact, to your "lack of discipline." But in reality maybe insiders are "painting the tape" to create technical formations they think will attract suckers.
We've all read the same books on technical trading; everyone "knows" that a "cup and handle" or "pennant" should be buy signals, unless an insider with bushels of Reg S stock comes cascading into the buying that you provide for him.
PP- let's stop making personal attacks on JR and stick to hard analysis.
For example:
JR will earn $4 for every bushel of soybeans he processes.
I CONSERVATIVELY estimate that he will process 1 billion bushels in 2009
that's $4 billion of pre tax profit!!!
I answered your question, I just did not answer it to your satisfaction. As for "spending so much time researching," I refer you to my first post on this board, "I love it when it's easy," in which I described the (modest) amount of time required to determine that USSE is not the real deal.
Do yourself a big favor and next time you are talking to mgmt. remember to ask about "the US patent" and "the PCT patent" and make careful notes on the answer you get.
I'm not following any other stocks on IHub. I assume there is a search function you can use to verify this.
You or an acquaintance of yours undoubtedly works on the Street and can tell you that it's quite difficult to "naked short" stocks like this, and basically impossible if you are not a market maker (which I am not). Therefore, I do not have a financial stake in the slow death of this company.
I think that answers your questions?
Anytime JR is ready to get an engineering report on this baby and show that he has filed a) a US patent; b) a PCT patent, I would LOVE to buy or JV some of his reactors for overseas.
I ain't holding my breath!
ok, here is one simple, coherent, non defamatory post that I'm sure everyone can agree on.
Anyone on this board who is in regular contact with JR, please call him and ask what agreement he has in place with the President of Brazil. "I'm sorry that's confidential" would not be an acceptable answer as: 1) he is bragging about it to people on the first phone conversation; 2) the Brazilian government would have to declare any decision/ legislation that was anything like "forcing everyone to use my technology."
Gentlemen, start your excuses!
what would I report? That he is holding tent revivals down in Natchez for a nonreporting company and handing out "liar certificates" to everyone who shows up? That would make for an interesting pitch to the SEC.
I'm not sure how many times Garjian's post needs to be re-posted. Would half a dozen times suffice?
Enron, New Century et al required some work to figure out. Enron in particular- before the crash they 'fessed to having 4 off balance sheet partnerships- afterward it emerged that the true number was more like 4,000.
For USSE, by contrast, you don't have to do any work. You just call JR and he tells you that the President of Brazil "is going to force everyone to use my technology," and "we are going to give 10% to battered puppies." That's all you need to know.
I could never understand why you would invest in a company whose management will not answer reasonable business questions. I won't be as bold as you in my psychological assessment, but it is a bit odd.
same reason I watch "Seinfeld" reruns, it is entertaining.
I ask some obvious question, like "why is he doing a press release over a $300 sale?" and immediately I am jumped on by multiple people accusing me of being in the pocket of nuclear power interests, scheming to push the stock down with my pals "Penguin" and "The Joker", or an embittered fool who will soon be filling up with "JRJuice" at the local filling station.
That's a very inspiring post, but I would have rather seen audited financials or an engineering report. (or is it a nasty personal attack to say that?)
JR can NOT "raise money any way [he] wants" because the bona fide public markets are closed to him. No venture capitalist would return his phone calls and no scientific papers have ever been published, much less peer-reviewed, which would substantiate his extravagant claims.
He won't even risk a real conference call, just a Soviet style monologue in which he asks himself questions. Real managements and real companies take real questions from real third parties and don't hide behind weak excuses like "there will be a lot of questions so I will just have to pick and choose which ones to answer."
JR has said that 1) 10% of to-date-nonexistent profits will be given to battered puppies; and 2) he will pay $0.25 per bushel over the market for soybeans "because we want to do good here."
So supporting these noble initiatives would be reasons for you to buy shares in USSEless, separate and distinct from mere money grubbing. JR at least thinks so.
when you need cash you raise it in private placements from sophisticated investors who hire engineers to establish the validity of your technology.
If you can't get an engineer to testify to the validity of your technology (and a Federal judge has noted that you are "not a credible witness") then you need to go a different route.
I answered all the questions that Garjian raised. My own qualifications are irrelevant. Like Socrates, I only ask questions. The readers of the board are welcome to draw whatever conclusions they wish to draw from the answers, if any, my questions attract.
I am not an expert on biofuels. However, when I ask a CEO what his strategy is for addressing Brazil (world's largest soybean exporter) and he replies that the President of Brazil "is going to force everyone there to use my technology," then I know someone who's been issuing "liar certificates" needs to reserve one for himself.
Likewise when I ask him about external validation of the technology:
JR: "It's been validated by the Department of Defense."
FOAF: "Really? The US Department of Defense?"
JR: "Well, the Dominican Republic Department of Defense."
CHA- CHING!
down another 15% on no news, new low, following up on a strong performance Thursday when USSEless was off 10% on no news.
JR better have some top shelf booze for y'all on 4/24. Actually maybe not, as that might just be fuel for the fire.
once JR announces one of his huge deals, and starts reporting the associated earnings with a reputable audit, I'm sure investors will be very patient indeed.
because "in the short term the stock market is a voting machine, in the long term it is a weighing machine," as Benjamin Graham put it in his Congressional testimony.
And USEEless has been weighed in the balance, and found wanting.
thanks for sending me the company's website.
Answer my question any time you get around to it, thanks.
good stuff
By the way, what do I need to do to get a report like this from Summit Enviromental Technologies besides a gallon of "biofuel" and some money for their assessment fee? Do I need to make up a story about nanoparticles or will they just analyze it for me without that?
Remind me, was GOOG ever listed on the Pinks before they IPO'd? Oh, that's right- they raised money from VC's in the Valley, established the product, then IPO'd when they had a real story.
PP, please. First off I want to applaud you for taking all these guys seriously.
Second, if this were a real company there would be private equity guys "out the ying yang" down in Natchez evaluating the technology and waving NDA's and investment agreements under Rivera's nose. He would not be public, his stock would not be dropping 10% on no news, he would just have a big fat bank account for R&D and would be going full blast on perfecting the technology.
None of these conditions obtain. That's all you need to know. You don't need 40 years in the startup world, you don't even need one year in the startup world. Most startups work full blast to overcome the natural skepticism that every potential investor has. Rivera does exactly the opposite.
Any questions?
just for the record, I would not be at all surprised if Garjian's testing of the fertilizer shows that it is the best stuff since sliced bread. I would however have some questions about the provenance of the fertilizer (which will be studiously ignored by the company).
I gotta tellya- you guys are better than "Seinfeld." Better than professional wrestling! What was it again? The electrons in my hand are spinning - therefore it is possible to have perpetual motion- therefore John Rivera is right! Or did I miss a step?
Also anyone who has second thoughts about sending their after-tax dollars into this investment "Sadr City" is a paid shill for the nuclear/coal/Arab oil interests, if I recollect rightly.
Really now, I think we are being too conservative here. Why should Rivera stop at fueling my car in '09? On the basis of his Gates-like wealth and with the support of the entire American public, grateful for his liberating us from the slavery of foreign oil, is it too early to speak of President Rivera? What do Hillary or Obama have that compares with that?!
Mr. Garjian-
Good points all.
Just to be clear, when I said that you “do not check out,” I did not mean to imply that you are knowingly involved in a pump-and-dump stock scheme, or that you are knowingly saying something you know to be false in order to make money for yourself.
And I have no reason to question any of the statements you make on your website, such as that Vee-Go is a sole proprietorship that you started up two years ago, and which is working (or has already developed?) an “energy pellet” product to be made from animal waste.
I also take entirely seriously your statement that E2M coffee can now be purchased at a number of area coffee shops, and the next time I’m at the Black Sheep, I’ll ask why they don’t have it in stock (what did the Lord Jeff say when you pitched it to them?)
I’m sure that is all very worthy work. But more to the point, we are not trying to assess the viability of a worker’s co-op form of capitalism, or your efforts to resuscitate Easthampton.
We are wondering whether or not it is possible to get 950,000 BTU’s of energy out of a bushel of soybeans that only contains 530,000 BTU’s.
We are wondering how it can be done in eight and a half minutes.
We are wondering who exactly it is who has promised to sign a Memorandum of Understanding with John Rivera “that will deliver $10 billion of pre-tax profit.”
We are wondering what real company with a $120 million market cap- oops, now it’s $105 million- would issue a press release to announce that they had agreed to send a ton of fertilizer across the country in exchange for three hundred dollars!
Since shares of E2M are not for sale (and judging from the sentiments expressed in your website, aren’t likely to be for some time to come), the only economic decision we can make today is to buy or sell (alas, not short sell) USSE.PK.
And your web site makes it abundantly clear that you simply do not “check out” as the kind of customer who would potentially justify a big market cap being placed on USSE. You are certainly not the person who signed a contract that would give Rivera “$10 billion of pretax profit” and even your “validation” of the fertilizer is pretty weak beer- you freely admit that you just want to test it.
If Rivera has to go to Massachusetts to find a customer for his fertilizer- a customer who just wants to try it out- he is in big trouble. It doesn’t really matter how many chickens were on the farm where you grew up. It has to do with the economics of shipping bulk commodities across the country. You don’t need to take it personally.
Best regards
FOAF
Fair point, but after lunch I punched up the ticker and saw it was down 15%. I just couldn't resist. You guys are so funny!
here we are back to Accounting 101: if they are producing 12000 gallons a day of biofuel (whatever that is) WHERE ARE THE REVENUES?