The Witch Hunt
Now that I have had time to let things sink in, I went back and reread the SEC complaint. This whole episode is even more absurd and ridiculous than I previously believed. The SEC just might end up with egg on their faces yet.
First, let me say, that I have seen some court cases before, and I can guarantee you that justice is NOT always served. So, if the SEC prevails I will not be surprised one bit. As evidenced by the more than 20 paid bashers on every USSE or SSTP message board, some "Big Powers That Be" do not want JR to succeed, and they just might get their dastardly way, it happens every day.
Back to the complaint.
Point 1
This is a quote from SEC Addleman. "Secondly, experts are telling us that these are unreasonable numbers in any respect, both in terms of the prices and the [fuel] production level." Wow, IF this is what they are basing their complaint on, they are in for a shock. Just because they find the numbers hard to believe, does not make them criminal. Thanks to AmSpec, we know what the numbers are.
I also saw in their complaint where the SEC used "third party sources" !!!!!!!!!!!!! WOW, I can only imagine who they are. What did they use, message board chemical analysis by paper prophet, or a lab report mysteriously found by wechoose and "His People"?? UNBELIEVABLE.
Point 2
They claim Ms. Price pocketed $720,000. Hoop dee doo, big deal. Especially, the last few years, John Rivera has been working up to 15 hours days to further his Green Energy. What is he supposed to do for living expenses? Then, in the SEC's own words, they reluctantly state, "Some of these funds were used to fund [Sustainable Energy's] operations." Oh Horror of Horrors! Give me a break.
Point 3
This is the clincher. In their "Complaint" they make to big tadoo about a "Pump and Dump". It looks to me like the SEC does not even know what a Pump and Dump is. You are supposed to Pump and Dump. Yet, they charge that 2.6 million shares were Dumped. Now, JR owns at least 200 million shares of USSE, (Some one one said he had 450 million, which makes the SEC charges even more absurd). So, they sold a whopping 0.013 % of their shares, and this is considered Dumping?? Slightly more than 1% of your stock holdings is considered Dumping??? Are you beginning to see how ridiculous this is now?
What else does the 2.6 million say? Conversely, that means that JR still owns 197.4 million shares of USSE. Does that look like Dumping to you? I think JR forgot to Dump!! With factual Dumping, JR would own very little, or no shares of USSE, yet, he still owns the vast majority of his shares. What a ridiculous claim being made by the SEC.
In Summary
Every day investors are victims of serious, intentional theft by organized crooks, yet the SEC does nothing. In my opinion, the SEC should stop this selective persecution of a Witch Hunt on USSE, and go after some real crooks, they can start with Shorting and Naked Shorting among other crimes, where they can do investors some good.
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AI
