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Well I wouldn't get too butt hurt yet . There is a rumor that the company canceled the div so all the shares that were given will be taken away and those that sold will be forced to cover .
They did try to pull a fast one but its back fired in their face so far . Lets see where it goes from here .
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quote:Originally posted by Firedog: You must have owned on the ex-date. I took The USSE PR for truth on DEC. 01. I should have done my own DD and realized that an EX-date was not filed. They don't have a clue what they are doing or are just crooks IMO. First you are going to recieve shares in the new branch of the company. So you think no dilution. Then, oh that is to hard so we are going to give you one for one of what you already owned. You know the old saying about "a fool and his money are soon parted" They took me twice with the same move. Learned a hard lesson from old JR.
wasn't this divvy supposed to be restricted shares? If so, no ex-date is common...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Press Release Source: U.S. Sustainable Energy Corp.
Dominican Republic National Energy Commission and Biotechnology & Industrial Innovation Institute Validate U.S. Sustainable Energy Corp. Technology and Processes Monday September 10, 11:56 am ET
Dominican Republic Government Officials to Establish the First 100% Green Energy Independent Country in the World
NATCHEZ, MS--(MARKET WIRE)--Sep 10, 2007 -- U.S. Sustainable Energy Corp. (Other OTC:USSE.PK - News) is pleased to announce that on September 6, 2007 the company presented and validated live (in country) the "Modified Rivera Process" to a large contingency of Dominican Republic government dignitaries and their scientific biotech experts at the Biotechnology & Industrial Innovation Institute (IBII)
In attendance were numerous Dominican Republic government dignitaries and representatives, including Arístides Fernández Zucco, President of the Dominican Republic National Energy Commission (CNE), Bernardo Castillo, Executive Director of the IBII, and Doroteo Rodríguez, Director of the CNE. Also in attendance were Zoila de Gutiérrez, Subsecretary of the Environment and Natural Resources, Manuel Serrano on behalf of the Dominican Institute of Agriculture, and Onil Abréu, the Biofuel Specialist at the CNE.
The Secretary of State and President of the National Commission of Energy, Licentiate Arístides Fernández Zucco, who Pointed out "the importance for the country of the reactor, because the same one foretells a great change for the economy of the world."
The event was reported in at least three major local newspapers, and videotaped for release to worldwide media outlets. A video feed taken on site in the Dominican Republic can be viewed here: www.jhrivera.com/video/dr.wmv. Press coverage received can be viewed here: diariolibre.com and listindiario.com.
ADVERTISEMENT The presentation centered around showing how the USSE process could be utilized using various local feedstocks, like sugar cane, nuts, and other native oilseeds, to help alleviate the Dominican Republic's energy demand and economy problems that arise from the demand. USSE delivered a test reactor to the site for a live demonstration of the technology. This demonstration came after two visits by Doroteo Rodríguez, Director of CNE, to U.S. Sustainable Energy's Natchez, MS headquarters, where he witnessed the "Rivera Process" firsthand, validating it could create nearly three times the quantity of fuel of other biofuel conversion processes available today.
"After witnessing the process firsthand in USSE's Natchez, MS facility on several occasions, I felt like it was the solution for one of the Dominican Republic's largest problems, which is energy production and consumption," stated Doroteo Rodriguez. "Utilizing the 'Rivera Process,' the Dominican Republic and any other small or underdeveloped country could become energy independent using local feedstocks, thus reinforcing their own economy and providing economic sustainability for but not limited to farmers, the new workforce that would be needed to operate and maintain the facility and all supporting infrastructure and support for this great cause."
"We have begun to work closely with government officials of the Dominican Republic to find the best means of commercializing and installing our technology," stated John Rivera, President and CEO of U.S. Sustainable Energy Corp. "After successfully testing over 15 native feedstocks from soy to sugar cane and other various oilseeds, we have validated that there would be no reason why the local crops could not support their own energy independence by utilizing them in conjunction with the 'Rivera Process.' We are working closely with the delegation from the presentation to ensure we make this a reality as quickly as possible. We will make further disclosures and update our shareholders as soon as possible."
About U.S. Sustainable Energy Corp.
U.S. Sustainable Energy offers a revolutionary new energy process that creates three times more fuel per feedstock unit than any other biofuel process. The company has engineered the first bio-renewable fuel able to serve as a replacement to diesel, with none of the negative traits associated with competitive green fuels. The USSEC biofuel is furthermore created at a nominal cost as the byproduct of producing organic fertilizer from recycled waste products, a discovery made during research into agricultural biomass now known as the "Rivera Process." The technology offers a solution to foreign oil dependence, significant reduction to the cost of electricity and ethanol production, and the eventual reversal of greenhouse gas emissions.
Management and current operations are focused on leveraging the superior performance and low cost of the fertilizer, biogas and biofuel within bundled plant operations, turnkey energy contracts, ethanol production, and other critical applications that rely on energy as a major cost component. For more information please visit www.ussec.us.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.
Summary of Current Events USSE / SSTP from video / magazine and links
Dominican Republic National Commission of Energy manager Summary: Need over 1.1 billion gallons per year. Currently importing cost over 3 billion dollars /year. They could also look to producing more for their own use and for other neighbor countries.
Doroteo Rodriguez, manager of the CNE (Commission for National Energy) said he had to deal with the issue of choosing to build a facility to produce biodiesel, or a facility to produce ethanol. Now the question is solved. Build a Rivera Fuel Process plant and they can produce both kinds of fuels and more, from just the one plant.
The Rivera Fuel Process has a lot less cost to build a plant than either the ethanol or diesel plant.
In his thirty years experience, the Rivera Fuel Process is the best one he has found, said Doroteo Rodriquez, manager of the CNE
Three huge advantages of Rivera Fuel Process: 1. A bio refinery for less cost that is equivalent to ability to produce ethanol, biodiesel, and biogas, all in one for less cost than a separate ethanol refinery, less than a diesel plant, and less than a biogas, all three can be produced and for less start up cost, and less operating cost.
2. Efficiency of farm resources. Land area required is reduced by 66% from the land required for other biofuel processes. The RFP (Rivera Fuel Process) gets equivalent of up to 260 gallons of biofuel per ton of feedstock. Requires 1/3 the land resources of other processes.
3. Better specs than other biofuels. Example: Cloud point can be as low as (minus) -70 degrees farenheit. Good high flash point for safety in storage. High lubricity. Better miscibility.
The English video says D.R. is currently spending $3 Billion /yr importing fossil fuels.
They have a current use of 400 million gal/yr ethanol. Plus a current use of 700 " " " " diesel That's a total current usage of 1.1 billion gallons/year. They could use more.
The process also qualifies for Green Certificates. ($$$)
English summary from Energy Official in Dominican Republic
ELECTRICITY Commission presents/displays a reactor that would produce biocombustible
JOHN RIVERA FORETELLS CURRENCY SAVING WITH FURNACE USE John Rivera offers explanations on the operativity of the reactor or producing furnace of biocombustibles.
SANTO DOMINGO. - The National Commission of Energy presented/displayed in operation of test a reactor or furnace of Catalytic Pyrolysis, that used in great scale would allow to replace to the generators of electricity of the necessary fuel for the power production of the Dominican Republic.
The new technology, created by the North American scientist John Rivera, of U.S. Sustainable Energy Corporation that works by heating, uses like raw material in the agricultural product elaboration biocombustibles like oily sugar cane and.
The act of presentation of the new technology was presided over by the Secretary of State and President of the National Commission of Energy, Arístides lawyer Fernandez Zucco, who emphasized the importance for the country of the reactor, because he himself augurs a great change for the economy of the world.
It explained that for the Dominican Republic and the underdeveloped countries that are fuel importers, with the use of that technology would initiate the definitive takeoff towards the development. Whereas the inventor and industralist of the technology John Rivera when giving explanations on the reactor, guaranteed that by means of that method of production of biocombustibles the underdeveloped countries will have great currency savings and they will leave its power dependency.
The technology of the North American scientist consists of the transformation of the biomass by means of high temperature and low pressure without combustion to produce biocombustibles gaseous and liquid, equivalent to used primary fossil fuels in the power markets like natural gas, the gasoline and the diesel oil or the biocombustibles more known like the ethanol and biodiesel.
Biomass The yield by biomass unit or I ooze is much greater, for example while one ton of soya in grain only allows to obtain about fifty to sixty gallons of biodiesel with the technology of traditional esterificación, with the pyrolysis technology, take place more than one hundred fifty gallons of biocombustible liquid.
While to produce ethanol and biodiesel it is required of an industrial plant of investment specifies for each biocombustible, with that technology the same industrial plant is able to produce equivalent to both biocombustibles of diverse biomasses.
The CNE through their management of Alternating Sources and Rational Use of Energy, has investigated on the modern technology of production of biocombustibles, sending in two occasions to Doroteo architect Rodriguez to know the plant industrial that is constructed in Natchez, Mississippi, that projects to produce million two hundred thousand daily gallons of biocombustibles.
The act of presentation of the producing reactor of which biocombustible Industrial was made in the laboratories of the Institute of Innovation and Biotecnología (IIBI), with the attendance of Dominican technicians.
Mesa of honor was presided over by Arístides Fernandez Zucco, the scientist John Creeks, Bernarda Castillo, Executive director of the IIBI, Zoila de Gutiérrez, Environment Natural Undersecretary and Resources, Doroteo Rodriguez, manager of the CNE and Mountain Manuel, on the part of the Dominican Agrarian Institute, and Onil Abréu, ordered of Biocombustible of the CNE.
-------------------- "Keep your stick on the ice, we're all in this togeather!"
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