University General Health System, Inc. (fka UGHSQ)

[dave86]

Thank you for the info

[janice shell]

It means they are gone. They no longer exist.

[jet101]

Upon bankruptcy, a firm will be required to sell all of its assets and pay off all debts. The usual order of debt repayment, in terms of the lender, will be the government, financial institutions, other creditors (i.e. suppliers and utility companies), bondholders, preferred shareholders and, finally, common shareholders. The common shareholders are last because they have a residual claim on the assets in the firm and are a tier below the preferred stock classification. Common shareholders often receive nothing at all, as there is usually very little left over once a firm has paid its debts.

http://www.investopedia.com/ask/answers/06/bankruptpublicfirm.asp

[dave86]

So now that the shares have all been cancel does that mean the company pays whatever the current price was per share .0019 or will they just all eventually be erased and worth zero. Anyone know what happens when all the shares get canceled for a company? Thanks

[CountryMac1]

"It could easily go past .40"

For what basis do you say these things? Do you even listen to yourself? Every statement is more asinine than the next.

[CountryMac1]

No brainer? Yea, no brains alright

[CountryMac1]

Did any of your research point to the obvious fact this was getting grey listed? Lmao

[CountryMac1]

Stick to nursing

[CountryMac1]

What a nightmare

[rbtree]

Really..... in this instance, I hope the opposite

Congrats on the complaint filing...

[retireat40]

I hope you now realize this was an enormous P&D. I also hope you got out before the ticker was deleted.

[testteam]

really? are you still long on this? Is it Kaboom time? pls enlighten

[CountryMac1]

was this the kind of kaboom time you were looking for? as in a big fat implosion? watch the money go kaboom-byebye?

[reconranger]

True-reconranger

[nodummy]

There is a big difference between pumping a stock as a low float play and pumping it with lies and false information about mergers and buyouts by Big Board tickers, etc.

One is just called pumping. The other is called fraud.

This was not a great play. It was a great scam. If you want to be congratulated for running a ticker up using lies then congratulations.

[janice shell]

If someone finds a great play he or she shouldn't buy before tell everyone else??

Here's what you pretend not to get: "great plays" are not based on knowing lies. They are most particularly not based on lies fed to people who don't understand the situation, who will then buy so those telling the lies can profit.

[janice shell]

Excellent.

[jet101]

may she rest in peace......

[hedge_fun]

I made a call on this too. The ticker........

would one day be DELETED. Oh, and I made another call after someone posted this was one of UGHS's subsidiaries.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120409607

It happens.

[BLULLISH]

Nope-target was 1000%-5000% or more from bottom-It ran 7000%+..0.0002 to .002 is 1000%, .004 2000% etc Do the math bud.. Lots of folks made thousands here...

You say it dropped ??? Hahaha are you kidding?? Sir, every experienced investor knows stocks go up and down... And investors make money by taking advantage of the volatility... No stock strays up forever... Go to the big board as we speak, Big players like Bank of America, Apple etc have been falling for weeks... Again, stocks rise and fall and investors make money by selling in between the price fluctuations... Isn't that the point...Sigh...

If someone finds a great play he or she shouldn't buy before tell everyone else??

The front loading talk is a silly... In every situation in life there is always someone who is first and last, e.g board the plane, The Food line...


I make calls.. It's up to folks to decide when then want to buy or sell... Folks are responsible for that... GLTY

[rivk]

ughsq in finra wonderland

[Volcano]

I said this is pump and dump scam

[retireat40]

Uh...no. That was the primary reason behind the SEC complaint. Clearly a frontloaded P&D.

[jet101]

Not really, if you look I think the pump started on Feb 3rd post 116. But coincidentally Feb 2nd it had 1 mil in volume right at the end of the day. Then first thing on the 3rd it had over 6 mil in vol and also that day the stock had more volume than it's had in a year. The bulk was that 6 mil at the beginning, wonder who got those shares?

[hedge_fun]

Wow....the other one being promoted by that group has been trading since the shares were cancelled in Oct 2011. Renee points out that this cancellation was effective a week or so ago and...........

BAM

TICKER DELETED!!!

[lucky, mydog]

yes.

[Icanslim]

you traded smartly, Skiluc.

[jet101]

Yea and the part I really don't under stand is the following was also posted a few times. This was aproved by the court in Jan.

The U.S. Bankruptcy Court approved University General Health System's Joint Chapter 11 Plan of Liquidation.

[Skiluc]

I read that on this board earlier.

[jet101]

Skiluc but you also said in post 464 (below), what made you say that?

“UGHS is still fully operational with 1000+ employees! Cleaning up the books and reorganization is a great thing for us! Back to profitablity! Huge upswing once Q drops!"

[lucky, mydog]

Really thought this was going to survive

just curious , why did you think that?

[Skiluc]

Sucked me in... I knew better to hold more then a day or two. Held two days. Made a bunch, now I feel bad. Really thought this was going to survive

[Skiluc]

Wow! Rode this from .0007 and sold 1/2 at .007 glad I took the profits when I did!

[retireat40]

That's why a complaint was filed with the SEC. This is as blatant a Pump and Dump scheme as I've seen in a while.

[Patrob]

I agree with you and I hope the SEC investigates this kind of nonsense. It give the OTC a terrible name when stuff like this happens.

[jet101]

Actually it's down 100% from the .017 because now the shares are canceled. Some people got caught putting in good money because of BS. I know there will be some out there that say buyer beware but hey if that's the case then let's go ahead and let Bernie out of jail. There was some good DD telling people that this was a bad choice but for everyone of those post there were 3 to 5 post from the guys saying no we were wrong this thing is going to .20 or more buy buy buy get rich. Hey I want to make money as much as the next guy but to do it like this was done is just wrong plain and simple.

[hedge_fun]

UGHSQ has dropped nearly 90% from .017.......BUT

the target range is .20 - .99, correct?

My biggest call for 2016....I specialize in 1000%-5000% or more gains...

[retireat40]

I agree but there are many gullible investors out there. A SEC complaint has been filed (for what its worth):

TCR Submitted Successfully - Reference Number: TCR145510******

[BLULLISH]

(UGHSQ)-call ran from 0.0002-to-0.017-That's-Over-7000%

My biggest call for 2016....I specialize in 1000%-5000% or more gains...

[JH Mcdough]

Did they cancel the ticker already? Wow that was fast and if they are going to emerge from bk soon then unless the company specifies other wise the shares are done. I mean when a company come out of bk they cancel the current shares and issue new ones so be careful here folks . Not bashing just stating facts

[CountryMac1]

LMAO. thanks for clearing this whole mess up

[CountryMac1]

what makes this a good long term buy?

[ErnieBilco]

A lotta money was made yesterday for those smart enough to get out while the BS was still flowing.

Today da piggies got slaughtered.

[janice shell]

Rhetorical question: my post this morning was completely disregarded....WHY?????????

I cannot begin to imagine. But people who play these BK plays in which it's absolutely certain the commons will be cancelled mystify me.

[retireat40]

I hope you sold b4 the close...the shares have been cancelled:

02/09/2016 16:54:36 02/10/2016 00:00:00 UGHSQ University General Health System, Inc. Common Stock Other OTC Bankruptcy Plan Effective/Shares Cancelled

[nodummy]

UGHSQ: Bankruptcy PLAN effective. All shares cancelled.

FINRA deleted symbol.

http://otce.finra.org/DLDeletions

Anybody still holding UGHSQ has now lost 100% of their investment

Thanks Renee and everybody else here that tried to shed some truth while the ridiculous pumping about mergers/buyouts was going on



Nothing but a front loaded pump&dump. People were warned.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120400798

But more importantly people were warned about the truth about what was going to happen to the common shares here

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120407621

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120406802

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120412517

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120415152


It's too bad the shares didn't get cancelled Friday evening before the front loaders had a chance to pump the stock so they could unload their shares

[ErnieBilco]

Because it didn't fit their pump narrative......... reality rarely does.

[Fugu]

Lol, well that's a harsh lesson for those who didn't listen. It's a Q for a reason. Sorry for whoever lost on this. I've traded plenty of these Q's but for a day trade only otherwise your playing with fire

[Renee]

You betcha the Q is removed....so is the U and the G and the H and the S.

The ticker no longer exists.

The shares no longer exist.

Indeed, quite the KABOOM....blown to smitherines.

[MONEYBAGSCLAY]

Q being removed!!!!weeeeeeeeeee Kaboom Time thanks for explaining that BLU !!!