UTime Ltd (UTME)

[Worthwalk]

I just looked into delisting it’s not a threat til 2024

[Worthwalk]

What about delisting - I think they are at risk because of compliance

[REAGAN]

my prediction today was way off today. All the technicals showed this dropping to $4. I don’t mind admitting when I am wrong. I had been watching this for three weeks. Somebody dropped a half million on the ask. I don’t think the Shorts covered on this. I think ur about to make bank on this. .

[Worthwalk]

I’m not sure I understand you. You think it’s going higher or lower? I think they over shorted this. I stuck it out and still holding and bought more lower.

[REAGAN]

Wow!!!! Shorts got squeezed on this. Nice play for anyone involved

[REAGAN]

Volume is collapsing. This is going to go below $2 a share maybe more. I might fly to China and track this guy down and ask him if he is gonna be compliant? Based on the fact He knowingly IPO’d knowing this law was going to be past and the IPO after it past. We got a really Company What is nice is that people in India are dirt poor in that they will never ever be able to buy an IPhone for $1200 like ever Selling poor people $119 phones forever. Plus with A global low earth network of satellites providing Internet Service to all of India by 2025? This Company wil make some bank. I like that the CEO owns 54% of the common shares! Emailed the SEC yesterday to get the full low down about the upcoming delisting for Chinese Companies not fully reporting as US based companies. Will copy and paste

[REAGAN]

A very small amount of shares in this.

As of the date of this report, Minfei Bao beneficially owns 4,380,000 of our ordinary shares, or 52.98% of our issued and outstanding ordinary shares, through Grandsky Phoenix Limited, a British Virgin Islands company, of which Mr. Bao controls 100% of the equity interest. As of the date of this report, Min He, one of our directors, beneficially owns 137,793 of our ordinary shares, or 1.66% of our issued and outstanding ordinary shares through HMercury Capital Limited, a British Virgin Islands company, of which Mr. He is the controlling shareholder. Prior to our initial public offering, Mr. Bao and Mr. He, collectively controlled 100% of our outstanding ordinary shares. Immediately after our initial public offering, they collectively control approximately 54.64% of our outstanding ordinary shares. As long as Mr. Bao owns or controls a significant amount of our outstanding voting power of our ordinary shares, Mr. Bao, or Mr. Bao and Mr. He, if they act together, has or have the ability to exercise substantial control over all corporate actions requiring shareholder approval, irrespective of how our other shareholders may vote, including:

[REAGAN]

Yikes. This aged well

[REAGAN]

I think it’s going much higher than $8

[REAGAN]

i think the $14m in $4.00 IPO shares are all gone. The big question is will the Company be SEC Compliant on 1/1/2021 reporting standards. I am betting yes because of the fact they knowingly IPO’d when they knew the requirements

[REAGAN]

. Chinese scam goes to zero dear

I thought so as well. The 1/1/2022 Compliance date will be interesting. So I don’t think it’s a scam I read all the financials and I noticed a few indicators it’s an actual Legit Company. One of which is that Mr Bao leveraged his own personal real estate for about $3.3m in loans fir the Company. In addition when the Company got crushed in 2020 it pivoted to make masks and generated real revenue. I also like the Company is sales / manufacturing is in India. India is a poor asf Company and can not afford IPhone 12’s etc. they have to buy Cheap phones. Phones that look smart phones but in America we call them burner phones. The short squeeze is on here

[REAGAN]

7/8/2021. This aged well…

Told you yesterday was the bottom

[makinezmoney]

$UTME: Going to $8 !!!!!!!!!!!


You heard it here first :)



Added 25k here at 6.50 ............ LFG !!!!!!!!!!



GO $UTME

[makinezmoney]

$UTME: THeres your bottom bounce to 6.35 now


Niceeeeeeeeeeeeeeeeeeeeeeee


Chinese COMING BACK today



Wave your CHINESE FLAGS in the air



GO $UTME

[jonsmile]

Junk wow

[jonsmile]

Turd down again

[jonsmile]

Take responsibility for your own trading actions

[jonsmile]

Turd down

[Worthwalk]

What the heck did you get me into this thing keeps collapsing. Any thoughts on this ?

[Worthwalk]

I’m buying more as it goes down. Just on a technical bounce it has to retest mid 20s. There is more stock shorted on this than there is in the float and the interest rate to hold that short is over 100 percent. They can’t sit on it that long. They are losing 10 percent a month.

[slimhere]

IMO, if you're not selling, then buy.

I'm adding, UTME went Public in April, they got attacked with BS that has been proven to be BS, there's a huge short position hoping that people will sell their shares cheap, again, either sell your shares or buy more. UTME is going places,

Patience is needed when you buy stocks that have been shorted to death.

[jonsmile]

Wow this stock is the worse

[jonsmile]

What a dog this turned out to be 5 dollars is coming

[Worthwalk]

It’s in the process of rebound now. Wouldn’t be surprised we see upper teens this week.

[slimhere]

UTME is also big in India, I'm sure you know, they have a few folks over there, too!
How have you been, my friend? Good to see you here, or anywhere!

[slimhere]

I'm not sure how in hell they are shorting this tiny float, but they have bigger stones than I do. Utime has a good foothold in India, clearly Covid screwed everything up for them, but I wouldn't want to be a short.
IMO, when we do correct technically, come back to UTME for a long play. GL

http://www.utimemobile.com/about.html

[MrSparex]

101% interest fee on shorts

[Worthwalk]

They probably had to short 1/2 the float at least just yesterday to keep a lid on the price. I think this has to go higher technically because they simply can’t sit on that kind of short position indefinitely. It’s going to pop up on some regulatory radar.

[slimhere]

Guessing, no real facts. I'm sure you're aware of the size of real float!


Open High Low Close* Adj Close** Volume
Jul 09, 2021 11.65 12.18 10.33 11.23 11.23 1,892,576
Jul 08, 2021 8.25 13.65 8.15 12.88 12.88 11,857,500
Jul 07, 2021 10.05 10.22 8.82 9.00 9.00 585,200
Jul 06, 2021 10.80 10.88 10.20 10.27 10.27 388,500
Jul 02, 2021 11.84 11.95 10.81 11.06 11.06 401,100
Jul 01, 2021 12.06 12.44 11.67 11.84 11.84 479,400
Jun 30, 2021 13.00 13.03 12.25 12.31 12.31 509,800
Jun 29, 2021 13.42 13.80 12.79 12.92 12.92 725,200
Jun 28, 2021 12.80 14.48 12.70 13.60 13.60 2,171,700
Jun 25, 2021 14.15 14.20 13.26 13.36 13.36 784,100
Jun 24, 2021 14.53 14.98 14.10 14.10 14.10 636,700
Jun 23, 2021 14.55 15.20 14.05 14.41 14.41 998,500
Jun 22, 2021 14.52 14.95 14.00 14.25 14.25 1,380,600
Jun 21, 2021 16.77 16.80 14.25 15.67 15.67 2,244,100
Jun 18, 2021 19.00 19.90 16.70 16.80 16.80 10,629,700
Jun 17, 2021 55.01 75.80 14.81 16.17 16.17 14,890,700
Jun 16, 2021 47.00 59.44 46.50 59.00 59.00 69,700

[slimhere]

I do not believe "they" feel that the law pertains to them, but if they are called to task, they have corporate lawyers to tie things up until they pay a few million dollars while pocketing many, many millions more.
Or in AMC's case, billions!
I believe UTME is making products for companies that do not want UTME to fail, these companies have Billions, too.

54% is held by insiders and isn't available for even them to sell, clearly, this is an obvious naked shorting which is flat out illegal!

[Worthwalk]

I know the short position is through the roof based on interest rate but where are you seeing actual short position?

[Worthwalk]

They’ll need to cover soon with new regulations recently passed. They have 13 days I believe to cover naked shorts

[slimhere]

That same Inside Ownership should be asking the SEC how in hell at least twice the float has been shorted, I'd love to hear the answer to that question!

[Worthwalk]

Nice up 43 % today. I think it goes to 14.50 tomorrow and trades around there for a couple of days before launch to 20. Breaks 20 straight to 30.

[Worthwalk]

Based on volume and short interest the shorts got slammed today. They shorted more, they had to and there’s no shares to borrow which means a lot of naked shorting today. This is set up to explode to the upside as long as we get continued volume.

[Lcbm68]

FYI we are going after ALFI after lunch to see if we can get it up to closer to 20 bucks before closing bell today or Friday

Lcbm68

[Lcbm68]

Kinda did the same only a little more personally but our guys were buying in right from the a bell

Lcbm68

[Lcbm68]

We are up 30% so far but there will be some pull backs so to answer your question ~ Yes

But not today or this week

Expect another 7-12% over next two trading days then flat

It’s a HOLD fir sure

Lcbm68

[Roadtojourney]

Sorry guys i just bought it so might go down lol imo

[Worthwalk]

Do you think a retest of 30 is in the cards? - I do

[Worthwalk]

Nice. I just loaded up at the open today added another 2000

[Lcbm68]

However that being said, we did start buying back today and as you can see the recovery is well on its way, albeit a day I’d so later than we first predicted.

Nonetheless it’s up and up

Lcbm68

[Worthwalk]

Short interest rate is 100%. Only 100,000 shares available to short after that the MM is on naked shares and that is when the fun begins

[Worthwalk]

Squeeze may take a couple of days to form but it’s coming

[Worthwalk]

It’s going to retest 30

[Worthwalk]

Told you yesterday was the bottom

[jonsmile]

Ouch !!!! Another bloody day here it seems dear

[Lcbm68]

To be honest with you we were as shocked to see the massive selling as anyone worse but this is what happens when major scaremongering tactics are deployed ~ and a ton of people just couldn’t hold which is sad for them actually as they were all caught of guard

However that being said we did and are still holding our end and now averaging down albeit at a slower pace than we would have liked to do.

There is a recovery which is good news but it’s in weeks not days sadly. Let this price level out and watch +/- 5% days fir a while until it gets its feet established

It’s not going away anytime soon so no worries a bigger buy in day will come soon enough. Keep watching

Lcbm68

[Worthwalk]

Ok whatever you say

[jonsmile]

Chinese scam goes to zero dear