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Gold/Mining/Energy : USSE - What a scam! -- Ignore unavailable to you. Want to Upgrade?


To: scion who wrote (159)11/29/2010 7:42:48 PM
From: scionRead Replies (1) | Respond to of 226
 
Nothing in the Response contradicts the core misrepresentations that:

1. “USSE is the 'Green Solution' with its fully operational plant in production today;…;” [October 26, 2006 Press Release, Facts, ¶¶?s 40-6]

2. that “USSE [was] Ready for Green Fuel Production;” [January 17, 2007 Press Release, Facts, ¶¶?s 52-9]

3. that “[t]he new [USSE ] reactor [was] capable of producing 6,000 gallons of biofuel daily, converting five gallons of quality fuel from every bushel of soybean stock - a conversion ratio three times more effective than the creation of any traditional biodiesel…;” [January 17, 2007 Press Release, Facts, ¶¶?s 60-3, 103]

4. that a prominent industry member had “joined” USSE's board of directors and that USSE had engaged a prominent investment banker; [November 15 & 16, 2006 Press Releases, Facts, ¶¶?s 64-72]

5. that “U.S. Sustainable Energy Corp. Acquires 35 Acre Industrial Facility as the Cornerstone of 'Biofuels Revolution.' ” [December 12, 2006 Press Release, Facts, ¶¶?s 75-7]; and

6. That in April 2007 USSE had made its “Initial Sale of Proprietary Carbon Based Fertilizer.” [April 3, 2007 Press Release, Facts, ¶¶?s 111-5] [2]

[2] Plaintiff has identified other material misrepresentations in Rivera's public statements that are documented in its Statement of Undisputed Facts. For example, the so-called “OD-66” product highlighted in Rivera?s July 17, 2007 Press Release did not contain any USSE produced fuel and could not be shipped in 72 hours as the press Case 5:08-cv-00245-DCB-JMR Document 79 Filed 11/24/10 Page 2 of 23 release falsely claimed. [Facts, ¶¶„s 116-26] Moreover, Rivera misrepresented that USSE had patented technology to a small group of investors and falsely claimed in numerous press releases that USSE, and not Rivera, owned patent pending technology despite knowing that he would not disclose the information required to perfect his patent. [Facts, ¶¶„s 78-87]

Doc 79 PDF file
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To: scion who wrote (159)2/3/2011 10:37:09 AM
From: scionRead Replies (2) | Respond to of 226
 
Pacer update 26 Jan 11 SEC v. U. S. Sustainable Energy Corp et al 5:08-cv-00245-DCB-JMR

Date Filed # Docket Text

01/26/2011 TEXT ORDER ONLY granting 82 Motion to Continue; granting 83 Motion to Continue. The Court finds that the settlement conference and the pre-trial conference should be continued pending a determination regarding the pending dispositive motion. This matter will be reset, if appropriate, upon the aforementioned determination. No further written order shall be issued by this Court. Signed by Magistrate Judge John M. Roper on January 26,2011 (Nicaud, Jenny) (Entered: 01/26/2011)

01/24/2011 83 Amended MOTION to Continue Settlement Conference by Securities and Exchange Commission (Rue, Alex) (Entered: 01/24/2011)

01/24/2011 82 Second MOTION to Continue Settlement Conference by Securities and Exchange Commission (Rue, Alex) (Entered: 01/24/2011)

Defendant U. S. Sustainable Energy Corp

Defendant John H. Rivera

Defendant Alice M. Price

ecf.mssd.uscourts.gov