The OTC Professor Takes Up US Energy Initiatives, Corp. (OTCMKTS:USEI)
US Energy Initiatives, Corp. (OTCMKTS:USEI) is a disaster, but this not stop promoters from trying. Third day in a row, this wannabe energy company has been making large net losses for the day. On Friday, sales slowed down a bit to around 2 million shares, but USEI had dug deep into the double-zero ground, reaching $0.004, five times lower than the 2 cents a few days ago. 
The latest promoter for USEI came in on June 23rd, and was The OTC professor. The promoters rely heavily on the potential of USEI to trade up within minutes, although the end of the day comes with heavy net losses. USEI is not for the faint of heart, but still, there are enough takers. At a really depressed price, this ticker is ready to deliver more daily swings this Monday. 
The company is ambitiously trying to provide traditional as well as biofuels, and in a recent press release promised to ramp up production. The financial data show ambiguous results from those efforts:
- Zero revenues
- $57,000 quarterly net loss
- $95,000 cash
- $665,000 total current assets
- $1 million total current liabilities
So far, USEI is still in development, but this does not prevent the ticker from being a source of fast gains for many pumpers. The compensation for the pumps was $4,000, but enough to generate noise on an almost inactive ticker. USEI is especially attractive, as the last batch of double-zero tickers fizzled out and lost all credibility, so pumpers were ready to seize a fast underpriced mover.
The possible new contenders to replace USEI would be tickers like Clear Skies Solar, Inc. (OTCMKTS:CSKH), standing at $0.0013 and newly active, with large intra-day swings. At around a cent, Trulan Resources, Inc. (OTCMKTS:TRLR) is moving again on the interest of promoters.
Renewable energy is in fashion among small cap companies, and most of them use it to sound respectable and gain general interest, with hardly enough revenues. In this case, USEI is a blatant and dangerous promotion and it is best to stay away unless you can handle the disproportionate daily swings in price.
