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And that pr contained these comments from Miller. Knowing what's transpired since, they're beyond laughable. So, don't believe anything Tony says.
According to Anthony Miller, CEO, This is the 3rd dividend that the company has issued to its shareholders in recent years… and this event has been planned for a few months. It is management’s opinion that the issuance in this case is a beneficial activity for this firm, as it is transitioning to a more profitable business model. This month we begin to actively manufacture oil extractions from cannabis utilizing the MRX extraction technology that we purchased last month. This device is the first in a series of purchases that the company will make to keep pace in the growing demand for cannabis products now that California has become the largest legal marketplace in the world.
“Our goal is to produce a wide range of extracted products; and we plan to actively expand our operation aggressively. We start production on the first day of delivery and these devices will all be operating on a 24/7/365 basis. Revenue produced will allow us to become profitable on the first day of operation; and we believe that there is capital to fund growth. However, it is management’s opinion that the warrant announced today will fuel our expansion so that we can continue to grow our opportunity. Management further believes that any additional capital raising should come from those folks who are and have been participating in the growth of this company thus far. Creating toxic dilution of the company’s stock to the detriment of those who have been holding strong with us for some time is not acceptable.
“Management, further intends to file with the SEC to finally become a reporting issuer so that the company will have greater transparency and become financially responsible. The cannabis industry requires true and an accurate representation of every dime made, and it is our goal to become fully transparent to the public market in the same manner. In the coming weeks, management will continue to disclose our progress including video of our delivery and extraction operations and post our progress on twitter, Facebook and on the company’s websites. Our future is awesome, and it was encouraging to see other companies, in the state of Oregon, that started just like us, with just one device and now up to 7 additional devices in less than three year (3) making millions of dollars annually, and their market is only 1/5 of the California market.
“Finally, management believes that this 20% dividend could represent a significant opportunity to the shareholders of record because of two reasons 1) management believes that if management executes its business model the share value should become commensurate with revenues produced by our activities and 2) capital provided because these dividends will fuel growth, and both factors could be beneficial to the company.” commented Miller
And what ever happened to these warrants? Where are they registered? Were they ever given out?
USEI Declares Warrant Dividend on Its Common Stock as Part of Its Cannabis Operations and Future
Press Release | 01/02/2018
SANTA CLARITA, CA, Jan. 02, 2018 (GLOBE NEWSWIRE) -- USEI CANNABIS INITIATIVES CORP, a wholly owned subsidiary of U.S. ENERGY INITIATIVES CORPORATION, INC. (OTC PINK: USEI) a California based company, poised to capitalize on California’s legal cannabis industry focusing on the manufacturing and extraction of oil from cannabis is pleased to announce today that its Board of Directors has declared two (2) dividends in the form of warrants to purchase shares of the Company's common stock; a 1 for 10 or a 10% warrant to shareholders of record on the record date.
The warrants will be issued on pay-date of February 26, 2018 to shareholders of record as of February 16, 2018. Each shareholder of the Company's common stock will receive one warrant for every ten shares owned (10% of their holdings) as of the record date (with the number of warrants rounded up to the nearest whole number). The first warrant will entitle the holder to purchase 10% of their holdings of the Company's common stock equal to the exercise price per share price on March 30, 2018. The second warrant will entitle the holder to purchase 10% of their holdings of the Company's common stock at an exercise price share price on March 30, 2018 plus a 50% premium to that same price (For example .010 +.005 =.015). Combined these warrants represent a 20% warrant to the shareholder. (For example, if a shareholder has 1 million shares these warrants allow the shareholder of record to acquire an additional 200,000 shares at these prices). These warrants will be for a 3-year term from the date of issue, non-transferable, with the restricted shares being issued upon exercise. Funds raised because of this warrant will fund the company's likelihood of becoming a reporting issuer with the Securities and Exchange Commission, or SEC and future growth of the company’s business model. Further details of this warrant will be disclosed in a future press release.
No, sorry, they were never mentioned again.
If the one in 2013 wasn't bad enough, he pulled the same stunt a year later. So, two 20% dividends that no one ever saw.
USEI - Announced a Special 20% restricted Stock dividend with a record date of 12/29/2014. USEI will not be quoted ex-dividend.
Announcement | 12/31/2014
USEI - US Energy Initiatives Corporation, Inc. - announced a Special 20% restricted Stock dividend with a record date of 12/29/2014. The pay date for this dividend is 01/08/2015.
Additional Comments: restricted Stock dividend. Will not be quoted ex
I was here, and I clearly remember that fleecing of USEI sheep.
Only as an afterthought. And even then, there's nothing to say USEI shareholders will ever see any gains from those preferred shares. Because they may not exist in the future, just as USEI may not exist in the future.
Also, you weren't around back in 2013 when Miller issued a 20% restricted stock dividend. Those shares were worthless because Cook wouldn't release the restriction in order for anyone to cash in. Read Miller's statement in the pr below. Lies. All of it.
SANTA CLARITA, CA(eTeligis.com)
U.S. ENERGY INITIATIVES CORPORATION, INC. (OTCPink: USEI) is pleased to announce today that the Directors of U.S. Energy Initiatives have approved a stock 20% dividend for shareholders of record on the company's record dated. The dividend will be added to the shareholders' existing shares on the pay date which is projected to be December 2, 2013.
All shareholders of record owning USEI common shares on the Record Date of November 15, 2013 shall receive a 20% dividend which translates to 1 (one) share of USEI common stock for every 5 (shares) shares held by such shareholder. For example, if a shareholder owns 500,000 shares of USEI common stock at the close of business on November 15, 2013, that shareholder shall receive 100,000 additional shares of USEI common stock, giving that shareholder a total of 600,000 shares.
According to Anthony Miller, CEO, "We have decided to award all of our loyal shareholders with this additional stock because they have stuck with us through our transitional phase. Many of our shareholders have held this stock in excess of 5 years, and they along with newer shareholders, will now become beneficiaries of our anticipated growth. Since coming onboard, in the last 2 years, our Management team has been diligently working to transform this firm's mission and provide direction that we feel will grow us over time. Everything has not gone perfect, but we have made great progress; and we feel our vision and business model will produce sustainable growth. In the coming days and weeks there will be other news related to this transaction to clarify our actions and our vision," commented Miller .
It's directly connected to BMCS and you know it. Those 1,000 preferred shares USEI has of BMCS are gonna be worth a lot of money soon, imo.
Imo, we are right back where we were 2-1/2 years ago. Clock has been reset.
Better times ahead here, imo.
Time will tell.
That's all about BMCS. Nowhere does USEI enter into the equation. Let's keep things real here (and on topic) until Tony actually does something that concerns USEI.
Looks like USEI is one step closer to the PK's with Friday's update.
FINALLY APPROVED... TONS OF PRESS NOW COMING... OUR NEW BUSINESS MODEL IS ABOUT RWA TOKENIZATION
$BMCS... FINALLY APPROVED... TONS OF PRESS NOW COMING... OUR NEW BUSINESS MODEL IS ABOUT RWA TOKENIZATION
— BIOTECH MEDICS CEO (@anthony88205118) June 14, 2024
The Otc as a whole is yet to do well!! There have been a few exceptions but we are far from a healthy Otc!! I'd like to return in an otc bull market!!
USEI will never be “back again”.
This heavily hyped garbage is toast.
I think stock will do well within a week or two of being back again.
When we get back current, emphasis on when dubs is easy work!!
What’s the chart say?
Loser.
$USEI: Acme: It's coming together....I can sense it.
It's been a loooongggg wait...
Maybe we'll see dubs...who knows 😉
Well, since retail can't buy shares at the six figure level, it stands to reason an MM picked them up from someone who dumped them out of their account as a worthless security.
Don't know but I won't sell one share until the time ⌚ is right!! Patience Pays!!
Who got those shares? Hmmm
Funny you would say that!! Guess what the new OTC craze is?? Pulling expert market tickers out of retirement!! Some have even made a practice to do so!! I think I've said this is an asset from the gate!! Big Tony is well aware of it!! He's holding on to it because he can get much more out of it if he keeps it!!
"Freezing bank accounts". That's what Miller said was the excuse. And you're going to take him at his word it, why?
And what was his excuse for all the preceding years?
Btw, what "rollout" are you referring to? The cryptocurrency rollout? The metaverse rollout? The cannabis rollout? And all of these were to be funded on the Sumcoin asset. Which is now the property of BMCS.
How many of the statements made in this update was a lie? And what were "mere" exaggerations?
“Historically, USEI has been a Green Company, and we have produced biodiesel at commercial levels, we owned and operated two cannabis dispensaries, participated in multiple grow and extraction operations. Over the last two months, we have investigated how we can utilize natural gas and wind (green energy) to mine cryptocurrency. Our hope over the next few weeks and months is to announce green crypto projects and joint ventures utilizing the company Sumcoin assets to finance some of the operational objectives. We believe that we have an incredible future ahead of us," commented Miller.
That was from 2 1/2 years ago. What has he said was the plan for USEI going forward?
Hahaha! So BOA is-to-blame for Tony’s failures here!
You just confirmed yourself as an idiot.
Don't blame Miller, blame the Bank of America for freezing bank accounts. That put the brakes on the roll out and got us a 2-1/2 year delay.
If you were paying attention all these years, you'd know I was never in this ticker.
Oh, wait. That's right. You've only been here three years so you don't have any idea what came before.
As to losing money, when you first started posting, the sp had two more zeroes than it has now. It's not me that's lost money so you should be the one warning people to stay away.
*****RUT ROH !!! USEI_STILL_ON_DA_EXPERT_MARKET!!!
https://www.otcmarkets.com/stock/USEI/overview
GREAT JOB TONY !!!
ENOUGH SAID !!!
He's active with BMCS. And yes, there's always a possibility that something will become of USEI. Maybe not in my lifetime if Miller keeps it but maybe he can unload it on some other failure.
You're blind Slo!! Your personal vendetta is clouding your judgment!! Big Tony is active, therefore USEI is always a possibility!!
Coming from someone who thinks a ticker on the Expert Market trading at $.000001 and abandoned for years without ever making a penny and transferring all of the unmarketable assets to another ticker, that's pretty funny.
Also you doomsday prep guys might say something that makes sense one day!!
I'm simply pointing out the facts which make perfect sense. You're the one that's at a loss to make any sense of there being hope here.
Yes, it's helpful!! Being an otc investor is boring most of the time!! That being said anything that helps to keep your mind on task is important!! Also you doomsday prep guys might say something that makes sense one day!!
Watch it Chaser!! Refer to me as Mr..Scam pumper clown!! Lol 😂
“Supposedly dead” in pumperspeak = “confirmed dead”.
Wait, did he say "supposedly"?
If USEI isn't dead, neither is Elvis.
So you think the banter here is meaningful?
Hey, maybe all this banter can get the ticker on the Breakout Board! Would that be meaningful?
That's all we have is opinions. You have yours, as well.
Big Tony is doing what's best for all parties involved!
However, mine are based on common sense and facts. To date, Miller has not produced anything of value. In fact, he's transferred all assets to BMCS. How is that in the best interest of shareholders? Not that I expect an answer. I only have one-sided conversations with myself here because there are no good answers to the questions I ask. Here, DD stands for distract and deflect.
Just keeping you scam pumper-clowns in line.
Lot of board activity on a supposedly dead stock.
It will continue to be premature until it's not!!Your opinion is just that!! Big Tony is doing what's best for all parties involved!! Emphasis on Involved!!
I let Big Tony do the heavy lifting!! That's what he's paid for!!
He shifted all USEI's assets to BMCS for a reason. What possible use does he have for USEI?
Prematurely? Are you serious? How long has the ticker been on the Expert Market? Since 2022, when Miller failed to submit the required disclosure statements the SEC said were required to be filed with OTC Markets in 2021.
Is it also premature to expect MIller to show revenue after not doing so forever?
Big Tony is aware of how the Otc works!! He knows we are overdue for a run!! Then he will take the proceeds from the run to get USEI up and running!!
That's common sense!! Why people want him to rush to bring the ticker prematurely is beyond me!!
It is what it is. We still have a shot.
My post from over two years ago:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168393251
What’s he saying privately, and was Lee6 there?
He said it publicly on X (Twitter). He has X accounts for USEI and BMCS, and his own personal account where he publicly comments as Ceo on the different stocks.
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CONTACT INFORMATION
INVESTOR RELATIONS
STOCK SYMBOL: (USEI-OTC)
EMAIL: info@usenergyinitiatives.com
WEBSITE: www.usenergyinitiatives.com
TWITTER: @USEnergyinit
PHONE: 661.537.4822
LOCATION: WOODLAND HILLS, CA.
SOURCE: US Energy Initiatives Corp, Inc.
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