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Re: followyourgut post# 50133

Friday, 08/10/2007 3:17:01 PM

Friday, August 10, 2007 3:17:01 PM

Post# of 63795
I doubt it will be today...I spoke to Richard Tessi at Redwood this morning...

All I will say is he sounded optimistic that there would be some positive news released next week...

He confirmed Smith's arrest on embezzlement charges and that Smith is no longer associated with either USSEC or Sustainable Power...he also said Smith did not disclose the nature of the proprietary catalyst...

Whether that means he didn't have access to that ingredient(s) or knowledge of it or USSEC/SPC has established that that information wasn't disclosed to outside third parties, I didn't ask that particular follow-up question...my guess is since the catalyst is a crucial piece of the Rivera Process and Rivera is holding it as a trade secret, he is keeping it close to the vest and Smith was not part of that circle (assuming JR is not the only one who knows)

The permit status is still in progress...I could not get a timeframe...I asked Richard what the permit was for...he told me it is to change USSEC from a research and development company to a company that will be producing and selling products....

For shareholders, the product and process are there...it's JR's job to get it to the finish line...from talking with Tessi the last two weeks, he sounds confident that will happen....and while us shareholders want it to happen now, it will happen on a timetable that only JR knows...

While I understand the frustration that some shareholders vent on these message boards, it won't change the outcome..

There's nothing to do now except get a deck of cards out...and wait...as patiently as we possibly can...