posted
I have been watching this company for quite some time now since their symbol was LFZA. Some people turned some unbelievable profits a while back and I am wondering what everyone thinks of the future for this company in the long term (3-5 years)
Their website is www.ussec.us and they are located in Natchez, MS
They have a process which turns soybeans into diesel fuel and shortly should be able to manufacture diesel fuel at a large capacity and start turning a profit.
From their website: Our manufacturing process - the result of 18 years of research by CEO and company founder John Rivera - is highly efficient. It not only creates over three times more fuel per feedstock unit than typical biodiesel processes, it also produces a rich, natural ash fertilizer and biogas. So there's almost no production waste, the fertilizer replenishes the soil and the biogas powers our manufacturing facility.
posted
Josh, You can read all about the company and many posts on the hot stocks link. Just do a serch USSE lots of information.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker. Posts: 424 | From: Oklahoma | Registered: Aug 2006
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Business Description: U.S. Sustainable Energy offers a revolutionary and patent pending 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 fuels.
Primary State of Incorporation: Nevada
Country of Incorporation: USA
Officers: John Rivera, CEO
CIK: 0001083479
Outstanding Shares: 644,000,000 as of 2007-01-01
Estimated Market Cap: Not Available Authorized Shares: 1,000,000,000 as of 2007-01-16
Current Capital Change: shs increased by 2 for 1 split Ex-Date: 1999-05-03 Record Date: 1999-04-12 Pay Date: 1999-05-01
Dividends:
Company Notes: Formerly=Celebrity Network Inc. until 8-97 Formerly=Laforza Automobiles, Inc. until 11-06
Transfer Agent: Corporate Stock Transfer, Inc., Denver, CO 80209
USSE -- US Sustainable Energy Corp. Com ($0.001) COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
U.S. Sustainable Energy Corp. Updates Shareholders on Previously Announced Stock Dividend Distribution
NATCHEZ, MS, Apr 30, 2007 (MARKET WIRE via COMTEX) -- U.S. Sustainable Energy Corp. (PINKSHEETS: USSE) announced that shareholders of record on December 1, 2006 will receive a 1-for-1 stock dividend in USSE shares. The stock dividend will replace the dividend that USSE originally had planned to make to its shareholders to issue a dividend in Sustainable Power Corp. shares (PINKSHEETS: SSTP). The Board of Directors decided to make this change in the best interest of shareholders and to assure compliance with applicable securities law rules and requirements which would have otherwise further delayed issuance. In addition, rather than issuing restricted, non-tradeable shares, the dividend shares will be of identical trading status to those owned by each USSE shareholder on Dec. 1, 2006.
Shareholders who held restricted USSE shares on Dec. 1, 2006 will receive a dividend of USSE restricted shares.
Shareholders holding registered USSE shares on Dec. 1, 2006 will receive registered USSE shares which will be immediately tradable.
As previously announced, Sustainable Power Corp has obtained exclusive licensing and distribution rights to certain USSE products. In conjunction with this agreement, SSTP has issued restricted shares of stock to USSE for the exclusive licensing and distribution rights to the bio-waste by-products generated by operations of USSE. Although USSE previously announced a dividend of restricted SSTP shares to USSE shareholders, it will now dividend shares of USSE on the same one-for-one basis to all USSE shareholders of record as of December 1st, 2006, in lieu of issuing the restricted shares in SSTP which now will be held in the USSE treasury. These shares will effectively reflect the Sustainable Power shares.
USSE has recently changed transfer agents to Signature Stock Transfer, Inc., in Plano, Texas, and has been informed by its transfer agent that all records required to finalize the dividend distribution are in place. Accordingly, USSE intends to deliver the stock dividend on May 3, 2007 and expects the stock will trade post-dividend on May 4, 2007.
USSE anticipates that SSTP will generate increasing revenue on an ongoing basis from the distribution and sale of the USSE biofuel products and is hopeful that the SSTP shares it holds in its treasury will appreciate, to the benefit of all USSE shareholders.
John Rivera, Chairman and CEO, stated, "Holding the SSTP shares in USSE's treasury hopefully will benefit USSE's shareholders for many years to come as SSTP realizes a growing revenue stream from SSTP's sale of USSE biofuel products to various power generating entities throughout the U.S. and internationally."
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 created at a nominal cost as the byproduct of producing organic fertilizer from recycled waste products -- now known as the "Rivera Process," a discovery made during research into agricultural biomass. The technology offers a solution to foreign oil dependence, a 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.
About Sustainable Power Corp.
Sustainable Power Corp is an international green energy service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green power plants utilizing the USSEC biofuel discovery, a renewable fuel source able to be produced from one-fifth of the soybean acreage traditionally associated with biodiesel.
SSTP services range from feasibility studies, project financing, and site design, to full scale facility development and turnkey plant construction. The superior performance that is expected to be gained from using the renewable fuel source allows SSTP to offer green energy facilities ranging from 5MW to 500MW and featuring complete turnkey power solutions that potentially offer exceptional value over all other market alternatives. For more information please visit www.sustainablepower.com.
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 subsequent U.S. actions and reactions.
SUBJECT CODE: Automotive:Cars Automotive:Motorcycles Automotive:Other passenger vehicles Energy and Utilities:Alternative Energy Chemicals:Petrochemicals Chemicals:Specialty Chemicals Chemicals:Wholesalers and Distributors Automotive:Trucks
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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posted
Hay Money, If you buy USSE today does the dividend go with the sale? Those ex-dates always confuse me.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker. Posts: 424 | From: Oklahoma | Registered: Aug 2006
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No Firedog. Ya had to be a holder back in December to qualify for the dividend.
I'll be getting 4k shares after a long wait. Wanted SSTP shares but I'll settle for USSE shares. Would have to significantly increase in value to make up what I lost on this one earlier but that doesn't mean others can't make money on it.
Lots of delays and big promises with this co. More than one red flag flys.
GL whatever you decide.
BF
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
Thats what I thought. I sent an email to S-Trade and this is what I got back. I thought I would be getting a dividend from shares that I owned back in Nov-Dec. This was their reply. What do you think?
Sir/Ma'am, I am suppose to receive an dividend of USSE stock today. I was wondering when this dividend will be shown in my account?
Reply.
Thank you for your e-mail inquiry. The ex-dividend date for the US Sustainable Energy (USSE) dividend is May 4, 2007. In order to receive a dividend from a paying company, you must purchase the stock prior to the ex-dividend date. The ex-dividend date is the date the stock begins trading without the dividend rights. You may sell the stock any time on or after the ex-date and still receive the dividend, since you would be selling the stock without the dividend rights. Our records show you last sold your shares on 1/25/2007.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker. Posts: 424 | From: Oklahoma | Registered: Aug 2006
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-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker. Posts: 424 | From: Oklahoma | Registered: Aug 2006
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-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker. Posts: 424 | From: Oklahoma | Registered: Aug 2006
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posted
Here is S-Trade's last email reguarding the dividend. Still wrong or right?
Thank you for your email. Only if you are currently holding the USSE shares in your account. Regardless of any record date set by the company, dividends are paid based on the ex-date (which is mandated by the SEC). The ex-date for this particular payment is 5/4/07. If a shareholder sells their shares at any time before 5/4/07. they will not receive the payment. Thus, as you sold your full position of USSE in January, you will not be entitled to this dividend.
The record date announced is for USSE's own bookkeeping purposes and, for all intensive purposes, is meaningless as far as who will actually receive the dividend.
Please let us know if you have any additional questions or comments.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker. Posts: 424 | From: Oklahoma | Registered: Aug 2006
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quote:Originally posted by Firedog: Here is S-Trade's last email reguarding the dividend. Still wrong or right?
Thank you for your email. Only if you are currently holding the USSE shares in your account. Regardless of any record date set by the company, dividends are paid based on the ex-date (which is mandated by the SEC). The ex-date for this particular payment is 5/4/07. If a shareholder sells their shares at any time before 5/4/07. they will not receive the payment. Thus, as you sold your full position of USSE in January, you will not be entitled to this dividend.
The record date announced is for USSE's own bookkeeping purposes and, for all intensive purposes, is meaningless as far as who will actually receive the dividend.
Please let us know if you have any additional questions or comments.
Sounds to me like Scottrade is stealing our divy shares, thinking we are stupid and can not read/comprehend a PR.
quote:Originally posted by stocktrader2006: That is total BS - USSE's PR said anyone who owned shares on 12/1/06 receives the divy shares.
I gonna sue someone!
Thats because USSE doesn't know their heads from their azzes when it comes to actually running the investor and financial side of the company . J.R. might be a great person to handle the hands on part of the business but makes a crappy CEO . He needs to bring in some real people to deal with that part of the company if he expects the company to grow smoothly .
We are getting a 2 for 1 stock split plain and simple . All shares , both restricted and unrestricted will be doubled reguardless of who owned them on Dec 1 . The record date is not whats enforced for payment , its the Ex date which is today .
I'm betting this stupid azz company does not pay out any divs for a while and might end up in the crapper if the SEC steps in on it . Remember the whole 6 for 1 deal Dufus from CSHD tried to pull last year ??? Look where that ended up .......
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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posted
Yeah Redwood is their IR dept and to be honest , I'm not too impressed with them . I think USSE will be a good long term play if they can manage not to go bankrupt in the process .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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posted
Thats what I figure as well . If the technology is legit , there is no way the big oil guys are going to share the market with them . They will offer the company an amount of money to get lost and not come back in the picture .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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posted
Sorry to say this but...if the tech is legit why isn't the first reactor FREEUS fired up yet?
Don't get me wrong...I was at one time convinced they were the first of the next gen. for fuel companies...
I think differently now.
I don't know about the divy. I don't care enough to look into it at the moment. If I have time next week and have not received anything then I look into it. GL finding answers that make sense.
BF
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
I have learned something about dividends. Here is the last message from S-trade.
As Kevin indicated, the key date is the ex-dividend date. If you own the stock prior to this date, you will receive the dividend. If you buy it on the ex-dividend date, you are buying the stock without (ie: ex-) the dividend. Settlement date does not matter. You just need to have the sale executed or filled on May 3rd to receive the dividend. If you sell on May 3rd, you do not receive the dividend. If you buy on May 3rd, you receive the dividend.
Please let us know if you have any additional questions.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker. Posts: 424 | From: Oklahoma | Registered: Aug 2006
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posted
Well, no shares in my account this morning. Looks like if you held shares 12/1/06 and sold up until yesterday - your screwed. This is not what their PR said.....b*st*rds!
Posts: 2554 | Registered: Nov 2005
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posted
Its a basic 2 for 1 split . If you had shares yesterday , you get twice as many today . The Dec 1 date doesn't mean crap . USSE are bunch of tools when it comes to the business side of things .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
To firedog and others. Just think about dividends logically and it'll save you a bunch of headaches in the future.
I'll use a hypothetical example here.
Stock A is trading at $1 and has 1million share outstanding, for a company value of $1million. They decide to give a "dividend" of 1 share of stock per share owned (I put dividend in quotes because it's really just a forward split). Now after the dividend there are 2 million shares outstanding. the company did not just double their worth. they are still worth $1million, so your 2 shares are now each worth $0.50. If you sold for $1 after the "record date" but before the ex-date,and then still got a "free share" now worth $0.50, it wouldn't make any sense. When you sold your share for $1, you sold the right to the dividend with it.
I understand that there is now rumor that the dividend is cancelled, but had it not been, Scottrade did not "steal your dividend", whoever bougth from you for the full $1 would, RIGHTFULLY, have that "free" share.
Hope this helps.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by minkybodl: I have 2 accounts, in Scottrade I had shares on Dec.1 then sold them, in the other I still have shares. Didnt get a dividend in either.
Called Scottrade and was told the dividend has been canceled and gave me these number to confirm.
Miss. 601 446-8007 Ca. 415 884-0348
Nope Still on. I called Rosewood consultants at second number. He told me it will be a dividend not a stock split 1 for 1 so anyone with shares on 12-1 should get shares. Said it will be around 11 am. He also said some received shares early who shouldnt have. sorry I listened to scottrade before calling.
Posts: 81 | From: venice, fl | Registered: Aug 2006
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posted
I would be willing to bet heavily that the whoever you talked to at Rosewood is flat out wrong. Anyoe who held on 12/1 would get the dividend if and only if they still held at close last night. Either that, or if you want to be technical, you get the divi if you held on 12/1, but then owe it to whoever you sold your shares to after that.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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