Comments by dynahog
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Posted on February 17 at 2:59 p.m.
escapee,
Almost.
He didn't sell anything. He deeply cut the shares of SSTP owned by USSE without telling USSE shareholders or the Public. This was all concealed in SSTP Form 10-G. That's not the right time or place to be telling a "new story" that harmed all USSE shareholders.
Actually I don't think JR ever sells something.
He does receive license fees for something that he can on the other end turn around and discard the license, or on his end decide that he violated his license on the other end. Then he can abandon the licensee and move to another one where he signs his license agreement at the risk of either end cancelling it for cause.
Now are you really confused?
Consider Morpheus Dreams:
Mor·phe·us n. The god of dreams in Ovid's Metamorphoses. Dream (drēm) n. A series of images, ideas, emotions, and sensations occurring involuntarily in the mind during certain stages of sleep. Somnus n. The Roman god of sleep, a translation of the Greek 'Hypnos.'
REMEMBER: Now John Rivera is a Chief Visionary Officer.
Sweet Dreams............
Posted on February 17 at 2 p.m.
quillman,
Almost.
The SEC civil suit is ongoing and very ACTIVE. June 1, 2009 is the last day to submit amendments to the case, etc. I'm assuming that applies to the SEC as well as to Defendants. The jury trial date begins in June 2010.
Since USSE is a named defendant in that ACTIVE case, what do you think will happen should John Rivera move "his" entire operation out of USSE into SSTP, and then come back with reduction in SSTP shares held by USSE to 40 Million from over 641 Million per the Press Release in December 2007 and 648+ Million in the SSTP Form 10-G filed Friday the 13th (2/13/2009)?
I don't think anyone understands what happened because the SSTP 10-G is vague.
John Rivera goes from one fire to frying pan and then sits on an ice cube until it melts, and then he's back in the fire once again.... Frankly I'd get a better life.
Posted on February 17 at 11:54 a.m.
Large Correction to Correction. John H. Rivera is knee deep in all USSE and SSTP corporate activities, including all SSTP subsidiaries.
SSTP was directly involved since SSTP is a mere extension of USSE. Both were founded by John H. Rivera, he was/is Chairman of the Board of both, and CEO of USSE plus CVO of SSTP.
The reasons for reducing USSE shares of SSTP fromm 648+ Million to 40 Million are unexplained in the SSTP 10-G filing, and all point to John H. Rivera for non-deliver of something to his left hand while the right hand takes exception and cause for reducing assets USSE owns.
USSE was dormant in 2008 because JH Rivera claimed personal feelings were hurt by two SEC attorneys in Atlanta early in 2008 kept asking him the same question over and over again. He explained it as why he would no longer issue Press Releases.
See InvestorVillage USSE message board Message #16838.
Posted on October 20 at 3:43 p.m.
The John McCain 'Home Plan' everyone laughed at, but it makes more sense than the $700 Billion that starts at the Top and appears to bail out Banks first and foremost.
The McCain plan was "Bottom Up" where homes about to be foreclosed on and are principle residences could qualify after an investigation, and the home would be reassessed (and it would have to apply to State and Local real estate taxing), a new low interest FHA loan would be issued based on a lower home value, and the family/individual would be able to stay in the home. Of course, they would have to agree to it and prove they can now pay the loan monthly payments etc. But it keeps many in their homes.
The fuss was about how the Public bites the differences in the refinancing. Yes. That's correct. But is saves the homeowner first.
The problem with the $700 Billion is the timeline for it ever benefiting any family or individual about to be tossed out in the street as winter approaches.
The other complaint was that if a neighbor gets his home reassessed and a better low interest loan than someone who can make the payments, the property values of the neighborhood may decline accordingly. Yup.
But what happens if they foreclose and can't lend money to any new buyer, and the home sits empty for a very long time. In case you haven't noticed, home sales are down.
The laugher was a Huntington Beach, CA major contributor to the McCain campaign pulled out because of his perspective, and he said home owners would stop making loan payments to qualify for this plan. I guess he never heard of Fraud - of course there would be checks on the individual/family bank balances, etc. I suppose a sworn statement or two would also be required (Fraud if one lies).
The real kick in this dude's move from McCain was that he was in the REAL ESTATE BUSINESS.
These are the clowns that jacked up principal on homes they sell like there was no tomorrow. A $50,000 home in the 1960s going for $800,000 because it was near the ocean? Well it really is about that "percentage" the selling Real Estate Agent collects as his income on each sale.
Lower the Principle under the McCain plan, and the Real Estate Agent's income goes down and he has to work harder.
Posted on October 20 at 3:29 p.m.
The FED bailouts over $810 Billion are decisions made by the FED independent of Congress. FED money isn't the same as Treasury building up a National Debt.
The $750 Billion in HR1424, including the $700 Billion "Emergency Economic Stabilization Act of 2008" was for one main purpose - but flawed in emphasis again on keeping the Poor in their homes about to be foreclosed on. The purpose is to enhance the flow of lending money from the Big Banks to all Small Banks. What was happening was onset of a possible "Lending Freeze".
That translates to NO lending or credit for any business or individual. No loans for autos, RVs, homes, Christmas presents...No business loans or State Loans to meet payroll (California needs $7 Billion to meet November payroll - they don't have it yet)... No credit (some credit card companies are going over records to lower Credit Lines where they see a problem). THIS LITTERALLY SHUTS DOWN THE US MONEY SYSTEM.
Posted on October 20 at 3:21 p.m.
The down turn in this economy was for reasons:
1) Neglect by the Congress on dealing with Subprime Lending and prior year predictions of looming Financial Failures..........warning by Senator John McCain in May 2006 on Freddie/Fannie/others and .... failures (2 1/2 yrs before the 2008 events)......S.190 on new agency to independently monitor, investigate, access financial records, and fix Financials involved in Home Lending markets ... Senate Banking committee ignored it (bill was sponsored by Sen. Hagel, co-sponsored by Sen. Dole, Sen. Sununu, Sen. McCain.............an article out today about a multi-million payoff by Freddie/Fannie to a lobbyist firm to stop new regs, etc. back in 2005 (when S.190 was introduced).
2) President Bush warned Congress in 2003 about the Financials and they did nothing.
3) In 1999 President Bill Clinton signed legislation initiating Subprime Lending. Soon afterward House and Senate committees changed bank regulations forcing banks to lend to poor and unqualified people (no down payments, no collateral, no good credit rating, no job/career with demonstrated stability and long term expectations of being able to pay the monthly loan payments.
I THINK IT REALLY WAS THE SHIFT IN SOCIALISM WITHIN THE DEMOCRAT PARTY TO PUT EVERYONE IN A HOME, EVEN THE POOR THAT HAD NO QUALIFICATION TO PASS MUSTER WITH A BANK LENDING OFFICER - - - - So they forced the bank to do it by changing their regulations !!
Nothing is Free. Sometimes it comes back to Bite You.
Posted on October 18 at 3:07 p.m.
I thought John McCain did an excellent job. Obama was backed up against the ropes, and tried the Ali Rope-a-Dope.
But the unraveling of Obama happened during a 6-minute YouTube supplied video of his person-to-person conversation with "Joe the Plumber". In this lengthy one-on-one speech to one person, Obama let it known that he was going to raise his potential small business tax rate for earnings over $250,000, and "redistribute those taxes" to small businesses that were less fortunate.
That is (a) Socialism; and (b) anti-competition: it opens the door for Feds to give Joe's plumbing competitors financial aid if they are less fortunate and don't earn more than $250,000.
This is America, Mr. Obama. You can't do that!
We are NOT Socialists.
Posted on August 13 at 4:22 p.m.
Not after the Judge told his lawyer that he wanted to be sure JR was not giving up his right to testify. Maybe JR can come in 30-days from now. Don't know.
There won't be any appeal granted because of the way JR handled it.
JR denied the right of cross-examination. That won't help his case. The Judge was concerned. JR's lawyer got fair warning.
I don't believe JR is as smart as he thinks. Otherwise these civil lawsuits would not have happened.
... still does one necessarily hold it against JR. One Question is whether USSE is liable.
... as for JR liability, hard to say without reading civil law in Mississippi and the references to signed MOAs...
ONE THING IS CERTAIN, THIS CASE AND THE "SEC LITIGATION FILED JULY 17, 2008" HAVE CAUSE JR TO ABANDON USSE AND ESSENTIALLY MORPH IT INTO SUSTAINABLE POWER CORPORATION (SSTP).
Thus there is nothing of value left in USSE after JR is done. Enter the Dragon.
The SEC with an active complaint can exercise Federal Law that prevents the devaluation of USSE resulting in actions taken by the Chairman of the Board and majority stockholder.
Seems like SSTP will be on the block as well before lone.
Posted on August 13 at 1:37 p.m.
"...........he was sick." (Tuesday 8-12-08)
But today (Wednesday) he released a Sustainable Power Corp. (SSTP) Press Release:
http://www.marketwatch.com/news/story/su...
He's most likely back in Baytown, TX at work.
...I think he was nervous to the extent that it made him sick. Obviously under pressure.
...But that doesn't make him liable, nor does it make U.S. Sustainable Energy Corp. (USSE) liable.
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Posted on March 6 at 10:53 a.m.
Actually for the spell-checkers, it's
Baker Botts L.L.P.
The company roots go back to January 1840 in the Republic of Texas.
On Biofuel developer being sued again