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Re: CashMcMogulson post# 24077

Monday, 01/29/2007 2:27:02 PM

Monday, January 29, 2007 2:27:02 PM

Post# of 63795
Tangible Assets

< The company already has a market cap of over 200 million thus any further price appreciation is just more and more "betting on the future." >

Not true. You need to do more Due Diligence (or more likely begin DD). USSE already has Tangible Assets of land, plant, property and equipment. All located with prime access to the Mississippi River. The I Hub Box has many pictures.

Undoubtedly the most valuable asset is the "Rivera Process" Patents Pending. This is a Tangible Asset, but assigning a Tangible Value is more difficult. It seems like I have read that JR said he has been offered in excess of $1 Billion. That sounds perfectly logical to me. I am sure that there are some big oil companies that would gladly pay much more than that for the Patents.

Therefore, a person that has done thorough DD, using known valuation methods, (rather than ranting and raving on Message Boards), could easily make a plausible argument that USSE is severely undervalued at it's current market cap.