US Energy Initiatives Corp (USEI)

[askjsell]

Dude,

"S - Tony has retained a Washington State residency since 2005 which make investing in the industry MUCH easier. In Colorado that has been one of the biggest hurdles because anything anyone from out of state invests in has to be by a resident. Imagine what kind of ironclad agreements one would need to make to protect your investment if you had to go through a totally separate owner in the Colorado business."

On the surface, this argument seems logical. However, if you read carefully, this really does not make any sense.

1) Tony may have Washington residency, however USEI is a California registered company. So how does Tony's personal residency make things easier? Tony, is an employee of USEI and the thousands of shareholders are the 'owners' of this California registered company. 'Tony' is not investing in Washington, but USEI is investing in Washington.

2) Similar to point (1), as an employee of USEI, how does his personal residency make it harder to do business in Colorado. Many of the companies doing business in Colorado are publicly traded entities (with thousands of shareholders or 'owners') and are registered in a state other than Colorado. Yet, they do not have issues doing business in the State. If Colorado requires the corporate entity to have residency, USEI can easily file the paperwork to form and register a company in Colorado. Remember, Tony is an employee of USEI and not an owner, his personal residency has no relevance. If anything, the residency of the corporate entity, or the entity doing business matters.