posted
Good deal Bigfoot. I am glad to see something about the dividend. I am holding long to see that projected $5.50. I have just tied so much in USSE now on dips I can't flip a pancake. LOL Well I guess it is saving me trading fees.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker.
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posted
Has anyone filled out the CYBR Shareholder Info on the USSE web site? I have not done it. I was just wondering what contact it mite produce from the company.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker.
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(passing this second-hand, cannot vouch for authenticity)
ya, is pretty good...
you've got one here trading without an ex-date? usually the record date becomes de-facto ex-date, and T +3 may apply. You can always call NASD/NASDAQ for an answer--companies screw up their info/PRs pretty often, and that's who they have to call for clarification...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Anyone who bought in for the divy and held until December 1st to make sure they got it is now dropping shares. Don't worry too much about it. We have already established that the base for this stock is right around .30 pps. I doubt there are really that many that want to let go of their shares to do more than dip under that level for a bit. At least for the short term.
Would be nice to start seeing news again soon though.
BF
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Not sure this is right but we know that USSE has been on the sho list before.
In order not to be held liable for the divy shares I believe any shorters had to cover. Now that the date of record is past that threat is over. So some of this could be shorting. (Not a big short conspiracy theorist but it could be another explination of this mornings drop and sudden resurgance.)
BF
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quote: U.S. Sustainable Energy Corp. Announces Update on Distribution of Sustainable Power Corp. Dividend By USSEC · Tuesday December 5, 2006 12:00 AM
NATCHEZ, MS--(MARKET WIRE)--Dec 5, 2006 -- U.S. Sustainable Energy Corp. (Other OTC:USSE.PK - News) announced today that it has requested a beneficial stockholder ownership list at the close of business Friday Dec. 1st, 2006. All owners of USSE stock as of Friday Dec 1st, 2006 will automatically be issued on a one-for-one basis one share of USSE's subsidiary company Sustainable Power Corp. (SPC) USSE has been exploring the numerous various vehicles available to make this distribution as well as regulatory filings needed to register the common shares that will be distributed to the stockholders. USSE will be updating shareholders, brokerage firms, and related entities that hold USSE shares on or about Wednesday January 3, 2007 as to the newly available trading symbol for Sustainable Power Corp., the assigned transfer agent, and other related information pertinent to this issuance. John Rivera, CEO of USSE, stated, "Sustainable Power Corp. was established earlier this year as a wholly owned subsidiary focused on Green Power generated from the recycled biomass and biofuel waste products from USSE's organic 7-3-7 fertilizer production. We are able to offer Green Power electricity to customers at rates at least 10% less than current market. USSE forecasts an exponential growth in demand for Green Power over the coming years, and maintains the competitive edge of being able to produce extremely low-priced Green Power on demand. Fueling this surging demand for our Green Power is the Resource Conservation and Recovery Act in the US and the Kyoto protocol for the rest of the world. (http://www.eia.doe.gov/oiaf/kyoto/execsum.html)
As previously announced, Mr. Kelmer R. Smith has been appointed as President of Sustainable Power Corp. Mr. Smith formerly served as President of Mississippi operations for IC Thomasson Associates, Inc. (ICT) www.icthomasson.com. Mr. Smith will manage design and construction of future USSEC production and SPC power plants. Mr. Smith is a professional engineer licensed in five states, a Certified Energy Manager (CEM) and Certified Energy Procurement (CEP) Professional. He has over 22 years of diversified engineering and project management experience in the petrochemical, power generation and consulting engineer industries.
About U.S. Sustainable Energy
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posted
I think everyone here understands this but in case you don't.
Date of record was December first. Anyone who was on the books on that date will receive the dividend of 1 for 1 in the spin off company SPC (Sustainable Power Corp.)
You can buy or sell USSE shares now at any point and it will have no effect on the dividend you receive.
Do not expect the dividend prior to January 3rd. In fact, you probably shouldn't expect it then either. The PR states that it will update folks on SPC, not that it will be ready to spin off the shares on that date. I would guess they will let folks know on that date what type of vehicle they will be using to list the spin-off company, the share structure, etc.
For those who are holders in USSE our next hurdles are financing information, production information, contracts information, and then revenue information.
Financing and Contracts could come at any time. Production and Revenues are still a month or two away if I am remembering everything correctly.
The Bigfoot
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posted
Thats kind of good news IMO . It will allow the stock to find a comfortable trading zone and hopefully won't be effected too much by the other stock (USSP) . Now we need to try and find the shell company USSE plans on getting before the PPS runs up like with LFZA .
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posted
It really depends on what way they create the new company I think. If they reverse merge into a shell like they did originally with USSE than it'll should follow the same course as the LFZA merger without affecting the pps of USSE other than what the market will come to think USSE is worth on it's own. If it is a true spin-off with a newly registered symbol they will set an arbitrary IPO and the market will fluctuate off of that. (All this is IMO based off of reasoning, not facts. I could be completely wrong here.)
Honestly, I don't really think even JR could say what pps will be right now.
Big
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posted
I have a good shell for them. WNSH for no other reason than I have owned it sence it was not a shell. My first real newbie mistake. Do you think they would take my advise. I can tell them I will make them an excellent deal on a large block of shares. LOL
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker.
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I don't know that they are looking to use a shell this time around. Popular rumor floating but very little to back it up. Wait for the fat lady in January and we'll all find out together.
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quote: U.S. Sustainable Energy Corp. to Acquire Controlling Interest in Alcar Chemicals Group, Inc.
Three Biomass Conversion Facilities Planned for Canada and a Plant With 275 Reactors Planned in USA
NATCHEZ, MS, Dec 06, 2006 (MARKET WIRE via COMTEX) -- U.S. Sustainable Energy Corp. (PINKSHEETS: USSE) announced today that it has signed a memorandum of understanding to acquire a controlling interest in Alcar Chemicals Group, Inc. (PINKSHEETS: ACMG) (http://www.alcarchemicalsgroup.com) John Rivera, CEO of USSE, stated, "We are very pleased to announce this preliminary milestone today. Alcar has totally unique and proprietary technologies that separate it from the very few competitors in the renewable natural resources and biofuels marketplace. Alcar utilizes the most advanced biomass conversion technology to manufacture plastic and polymer raw materials and biofuels from non-food crop as main feedstock. They will provide us with additional complementary technologies that will further lower our manufacturing costs and provide further economies of scale. We will now be able to offer Ethanol, Ethylene Glycol, Propylene Glycol, and Ethyl Ester (biodiesel) synthesized from ethanol and vegetable oil in addition to our existing suite of products, which include 7-3-7 organic fertilizer and unique biofuels derived from soy and corn.
Alcar will work closely with USSE to design and implement the reactors in both Canada and the USA. Furthermore, USSE will ensure that existing contracts in place at Alcar totaling 160 million dollars over five years will be fulfilled. USSE expects to issue approximately 5 million restricted shares of USSE and 5 million restricted shares of its subsidiary company, Sustainable Power Corp. (SPC), at the closing of the definitive agreement expected within the next two weeks.
About Alcar Chemicals Group
The Alcar Chemicals Group represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass (forestry waste, agricultural waste and non-food crop) valorisation for the past decade, specifically petroleum-independent fuel and plastics resin production. Its proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and biodiesel, allowing production at cost savings of up to 40% when compared to current production methods.
About U.S. Sustainable Energy
USSEC holds patent pending technology for a new breakthrough biofuel and carbon based fertilizer. USSEC has successfully demonstrated the most cost effective method of producing biofuel estimated at $.50/gallon according to exhaustive studies and independent Lab confirmation. The company has developed the process, units and catalyst that will transform agricultural biomass into biofuel and fertilizer. This technology offers a solution for foreign oil dependence, balancing industrial and agricultural concerns with environmental issues and stabilizing and eventually reversing global greenhouse gas emissions. USSEC's research and development has successfully demonstrated the core technology in its fully functional facility located in Port Gibson, MS. The company is currently pursuing fully scalable implementation and deployment at further locations. Unlike other biomass gasification, the USSEC process can operate at a variety of scale, converting even waste biomass into fuel and fertilizer. The fuel produced will ultimately be more valuable than ethanol or methanol, and the USSEC process can convert biomass materials at an efficiency that cannot be matched by currently planned operations. In addition, unlike virtually all other approaches for biomass to energy, which deplete soil nutrients, the USSEC process restores and enhances soil mineral and carbon content. As a direct result of this revolutionary approach to integrated energy and fertilizer production from biomass, the USSEC process effectively removes Greenhouse Gases from the atmosphere, and can do so profitably before the value of Green Certificates and Carbon Credits are considered.
For further information on the company, please visit www.ussec.us
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quote: Alcar will work closely with USSE to design and implement the reactors in both Canada and the USA. Furthermore, USSE will ensure that existing contracts in place at Alcar totaling 160 million dollars over five years will be fulfilled. USSE expects to issue approximately 5 million restricted shares of USSE and 5 million restricted shares of its subsidiary company, Sustainable Power Corp. (SPC), at the closing of the definitive agreement expected within the next two weeks.
Existing contracts totaling 160mil over 5 years!
They plan this acquisition for 5 mil restricted shares in both companies. If we were to give SPC a pps at the current price for USSE (.275)those 10 mil shares would be worth a total of $2,750,000.
I think it is obvious that Alcar believes USSE is going to be worth much more than that down the road or why would they agree to this acquisition with such contracts in the pipeline?
Bigfoot is feeling a little tingle in his spine but before he goes out and paints the forest red it is time to start looking into Alcar!
If anyone finds anything pertinent please post!!!
BF
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quote: Press Release Source: Alcar Chemicals Group
Alcar Chemicals Group Signs $68M Licensing Agreement Wednesday June 21, 9:00 am ET
MONTREAL--(MARKET WIRE)--Jun 21, 2006 -- Alcar Chemicals Group Inc. (Other OTC:ACMG.PK - News) announces that it has signed a contract with A-M Polymer Industries Ltd. worth $68M.
The agreement, valid for an initial 5-year term and automatically renewable if the general conditions are met, grants A-M Polymer Industries s.r.l., exclusivity for the entire Middle East. In return, A-M Polymers will acquire all equipment and raw materials, forecasted at 8,000 tons per year for their first manufacturing plant, exclusively from Alcar Chemicals Group Inc. The agreement guarantees raw material costs at 10% below posted market prices to A-M Polymers and a $0.25/Kg (11.36 cents U.S. per pound) Royalty fee, payable quarterly, to ACMG, for formulations and on the resale of raw materials.
A-M Polymers has acquired the entire formulation equipment park from ACMG, which will be delivered and installed over the next months. "We agreed on mutually beneficial terms," said Alexander Cavasin, CEO of Alcar Chemicals Group. "While to us this contract is worth $60M in sales and an additional $8M to $10M in Royalties, A-M Polymers will be able to significantly increase gross margins, increasing its net profits by over 1 million dollars yearly just from the raw material cost savings we are able to offer. This contract secures the sales for the entire output of our first reactor, representing a significant milestone for ACMG and its expansion plans," further added Alexander Cavasin.
With the recent issue of 1.5M shares, the total OS is 100M even, of which 72M are restricted shares. With such a promising technology, which represents a truly sustainable and highly economical process, contracts like the one just signed with A-M Polymers and especially with the stock so undervalued, ACMG represents a tremendous potential to long-term investors.
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Alcar Chemicals Group Announces New $75M Contract Wednesday July 5, 9:09 am ET
MONTREAL--(MARKET WIRE)--Jul 5, 2006 -- Alcar Chemicals Group Inc. (Other OTC:ACMG.PK - News) announces that it just closed a second contract with A-M Polymer Industries Ltd. for $75M worth of polyols supplies.
M. Abbas Terki, following his return from Turkey -- where he successfully negotiated a new polyester resin manufacturing facility to service the growing demand for the Middle Eastern Market -- has signed a second 5 year contract to secure the required raw materials supplies for its new facility from ACMG.
The second A-M Polymer facility planned in Turkey will come online next summer according to M. Terki and will require between 10,000 and 12,000 tons per annum of ethylene glycol and propylene glycol, the "green polyols" manufactured by ACMG. "M. Terki had made me part of his plans and I knew that A-M Polymer was in full expansion, especially with its recent homologations for construction and naval applications, but I didn't expect such an additional contract this fast," said Alexander Cavasin, CEO of Alcar Chemicals Group. "I will be meeting M. Terki next week in Geneva to propose a single contract to include supply scheduling for both facilities. The production of 20,000 tons annually will require three reactors, A-M polymer will have to work with us on a ramp-up schedule as to avoid any shortages; I agree it is a nice problem to have, nonetheless, it requires extra planning and additional funds to respond to the increased demand," further added Dr. Cavasin.
Under the present conditions the combined contracts are worth $158M dollars over a five year period, or $31.6M annually in sales revenues and royalties combined. "Our updated Business Plan, including financials and revised projections, are now available online through our website," specified Dr. Cavasin when asked about more details.
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posted
USSE has pretty much done everything it has said it would do so there's no reason to think they are full of crap on this one . I think this is going to be a very nice long term play .
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posted
Been thinking about the letter of understanding to acquire a controlling interest in ACMG.
I like it, but been wondering which direction they would take it.
Here are my thoughts. We know that ACMG is NOT a shell company and will not be what is used to create SPC. (If it were they would be taking over the company, not just acquiring a controlling interest.)
So we have one company with an established management team starting up in a variety of alternative fuels in the Upper North East with access to the whole east coast and ties overseas.
We have a second company with a strong President and a superior fuel that has yet to establish a market but is setting up shop in along the Southern banks of the Mississippi with access to the whole mid-west.
Does anyone else notice that if these two companies were blended they would create a diverse company that could cover 2/3rds of the country?
I don't think a merger is planned anytime soon. But in a year or two I would be very surprised if they didn't converge and share the benefits.
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posted
That sounds good. They seem to be spreading out all over why not the mouth of the Mississippi. Whats your take on the price inching down everyday. IMO they are hurting the PPS with all this before they even start production. What do you think?
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker.
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posted
These pinks will not stay up on PR's alone . The only way for this to go up and stay up is to have audited finances and get on a higher board as soon as they can .
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