Unique Logistics International Inc (UNQL)

[zxc]

The short volume yesterday was about 85%. I wonder what it is today?

https://otcshortreport.com/company/UNQL

[J2003]

Merger news?

[J2003]

0.0149 is ask

[govprs]

A lot of mirror trades mm are in trouble

[govprs]

Great job. I bought a few. This one going to .10 as the squeeze takes hold

[cojoboy]

This is hilarious.. 55 trying to drum up interest.trading his bags..back to himself..?? Love it love it..but tooo obvious..

[cojoboy]

How many millions of "fat" bags you still holding in the .20's..???

[cojoboy]

Funny..how you only show up..when you're buying your own bags...interesting.. Indeed..

[MFH55]

Oh..my god..no one is buying this shite..except you..…Yes,YES…I did buy the shit out of this….LAST WEEK…Thank you for noticing….My best trades this month, and last.

[MFH55]

Volume: 3,273,301 Prediction no.2 No one buying….600% up volume…LOL

[MFH55]

Tuesday, 09/19/2023 8:50:08 PM
And definitely... Not bullish on UNQL..fat thumbs..…..And the Oracle has spoken, at .0069…….80% ago, last week!!! LOL….

[cojoboy]

Gotta love you are the ONLY ONE..selling your bags to yourself..You Go Girl..??? Only millions & millions to go...

[MFH55]

Yea, .0118…..Guess your gonna watch another 70% slip on by this month….LOL. Good for you.Market loved the last Q….

[cojoboy]

Oh..my god..no one is buying this shite..except you..buying from yourself..you go girl.how about those bags at .10/.20..lolololo..clown

[MFH55]

Dont need a flea space, all my 69s-73s already gone….34% on em this week…again.

[cojoboy]

I hate when that happens... Lol..olde "55" better reserve a space at the flea market for them bags..maybe next to Ray Ray...???

[LJ-Bodhi]

UNQL and EAC extended the merger deadline again to May 15, 2024. That is 16 months after EAC was originally supposed to close a merger. For reference, UNQL closed the reverse merger into the Innocap shell just days after the merger announcement and the ticker changed 3 months later. EAC is an empty shell and there's nothing to combine. Such a farce. EAC will be delisted from Nasdaq next month.

[cojoboy]

And definitely... Not bullish on UNQL..fat thumbs..

[cojoboy]

Amazing when the facts are plain as day in Black & White..then the pump crew only sees the "white" and not the "black".. lol..what a spin machine...

[MFH55]

Mr. Ray concluded: "We are excited to be one step closer to listing on Nasdaq through our previously announced business combination with Edify Acquisition Corp., which remains on track. We expect to move quickly towards executing our M&A strategy soon after the business combination is completed."

[MFH55]

Unique substantially increased its gross margin (or net revenue) from 4.2% in fiscal year 2022 to 11.1% in fiscal year 2023. This improvement, together with containment of overhead, resulted in the company achieving adjusted EBITDA of $12.1 million together with an increase in net income of 134%."

[MFH55]

Unique Logistics International Reports Financial Results for Fiscal 2023 Highlighted by 134% Growth in Net Income

[LJ-Bodhi]

Of course I will be labeled a basher, but the public financials tell the story of a 'move the pea under the shell game' company that exists on debt. Here is the key number to evaluate....operating income. That is the most basic reading of the health of a business. How much money does it generate from operations when you subtract costs from revenues. For UNQL last year, that was $10.5m. For comparison, it was $16.5m the year before. This means the real world fact is that they made 40% less money from operations.

So, why was there an $8.2m net income this year compared to a $1m loss last year? It's all in how they move things around in the books. They took on a huge debt with the Asian Offices merger. $28m purchase price. That is real money, some of which they paid, and most of it is still financed on the books to be repaid with significant interest.

How much? They still owe $15m. That's a lot of money when the company only makes $10.5m from operations. The company will still operate, but there's nothing being generated for the shareholders. Just debt and interest payments.

To make this debt situation look pretty on the balance sheet, they add in an enormous new goodwill number to reflect their valuation of what they purchased in Asia. And remember, they don't own it all yet. They are financing it. It's like "owning" a million dollar house with a $750k mortgage. Folks say they have a million dollar asset based on the FMV of the home, but in reality they only own $250k of that house upon sale, less commissions and fees.

Same with UNQL. They are claiming $16m as a new goodwill asset for Asia, raising the total goodwill asset to $20.5m on the books. The Asian revenues are significantly less than US operations, but counted as 4 times more in goodwill added to the books??? This is the shell game accounting for folks to understand. That goodwill line on the balance sheet is not real money in the bank account. It's something a company hopes a purchaser buys if there is a company sale, but it represents nothing going to shareholders if there is a liquidation. It's just an added "asset" on the books like the asset of a home. But you can't ignore the mortgage or the debt in the case of UNQL. $20.5m goodwill value with $15m of debt still owed for Asia. See how the $6m market cap is about right?

Then, when you compare that new $16m goodwill asset to the net profit of $8.2m.....uh-oh. UNQL shows current stockholders equity of $17.5m. However, that includes that $20.5m in goodwill plus another $13m in intangible assets. Intangible meaning there is no real money to pay shareholders upon liquidation. They added $5.5m in intangible assets to the books this year. That amounts to $21.5m worth of "new money assets" added to the books this year which are nothing more than goodwill and intangible assets. Without that funny money added to the Balance Sheet, UNQL would have negative $4m stockholders equity instead of positive $17.5m currently reported.

Valuing a company and it's stock price takes more analysis than one number. The company has massive debt and pays millions in interest payments each year. They live on debt, paycheck to paycheck like most Americans. Nothing wrong with that. But recognize them for what they are.

TBK Bank does. They see the declining revenues, and know about the upcoming debt payments. That's why TBK reduced the invoice credit facility nearly in half from $47.5m to $25m for the next fiscal year:

"In addition, the Company maintains its operating line of credit with TBK Bank, SSB, under which TBK Bank will, from time to time, buy approved receivables from Unique Logistics, that has a credit limit up to $47.5 million (“TBK Facility”). The prior TBK Facility matured on May 31, 2023, and on July 25, 2023 we entered into an agreement with TBK Bank to renew the TBK Facility with a credit limit of up to $25.0 million. We believe that the funds available under the current TBK Facility, together with cash flows generated by operating activities, will provide the Company with the cash required to support its ongoing operations."

All of this information is out there for public consumption. Be careful what you hear from internet trolls on public message boards.

[LJ-Bodhi]

How is your 10 cent average bag doing? You posted all your buys in the teens and 20s. Do we need to go through the exercise of what a complete full of crap liar you are again?

You obviously didn't buy more on this news. Low volume like usual. Funny how you are the only one who buys low and sells high on UNQL. No other players in the market. Just you, you, you, you.

Do your thing. Get your crew. Pump this puppy. $8.2m profit. Just be sure to turn a blond eye to the exact $8.2m the company added as a goodwill "asset" for the Asian Offices they purchased from themselves for $35m. Please, don't forget that tiny detail in your pumper shell game. Because without that new goodwill asset and the other $8m intangible asset they mysteriously added to the books, it would have been another net loser year. Good thing for creative accounting and pumpers like you. Suckers born every day.

[MFH55]

Added 10% margin to $350,000,000+ million and no bonus!!!! OUCH… Hope she sticks around….

[MFH55]

Unheard of for shipping……

[MFH55]

WOW!!!!! Stellar margin increase!!! 12pcnt from 1.8.Like 800%….What a turnaround….That bitch earning her $$$$.

[LJ-Bodhi]

The annual report is finally out 2 weeks late.

https://www.otcmarkets.com/filing/html?id=16931617&guid=Xig-kp5kxDnKJth

Some key takeaways:

"Unique Logistics expects to incur significant costs associated with the Merger. Even if we do not complete the Merger, we expect to incur approximately $8.2 million in expenses, $1.1 million of which we have incurred to date. These expenses will reduce the amount of cash that we have available for other corporate purposes regardless of whether if we complete the Merger. Further, the completion of the Merger depends on the satisfaction of specified conditions, including the requisite approval of Edify’s stockholders and that Edify hold net tangible assets of at least $5,000,001 immediately prior to the closing of the Transactions, net of Edify’s redemption of any shares of its Class A common stock. There is no guarantee that these conditions will be met. If the Merger is not completed, these expenses could have a material adverse impact on our financial condition because we would not have realized the expected benefits for which these expenses were incurred."

Wow, $8.2m in wasted expenses if the EAC merger fails.

"Market conditions trended towards a slowdown in shipping in fiscal 2023. This slowdown significantly impacted Unique Logistics in the year ended May 31, 2023. The impact was particularly severe in the air freight sector. The uncertainty created by inflation and high inventory levels coupled with the fact that Unique Logistics’ third fiscal quarter is traditionally a slow period due to shipping market seasonality, has resulted in lower shipping volumes and lower shipping costs. Lower shipping costs result in lower revenue for Unique Logistics. We believe, however, that Unique Logistics is positioned to improve net revenue yield through improved procurement; we have also added to our customer base in the last 15 months, which will mitigate the impact of a declining shipping market."

Declining revenues but always optimistic to turn things around. Ok.

"During the year ended May 31, 2022, Unique Logistics experienced not just a surge in volume but due to the elevated cost of shipping, revenues increased tremendously, while net revenue or gross profit as a percentage of gross revenue declined. In the year ended May 31, 2023, by comparison, volumes declined and per unit revenue declined due to lower shipping costs and, correspondingly, the rates we charged our customers."

That quote is for all those lying pumpers who relentlessly screamed a billion in revenues and to da mooooon, LOL. It was the biggest boom in shipping but they couldn't capitalize on profits. Oh well.

Just $325m total revenues this fiscal year compared to $1b last year. 68% drop. Can't wait to hear the spin artists tackle that one.

They increased gross margins, Woo-hoo! Net income was $8.2m but.....wait for it..... paid $3.8m in interest and still carries over $15m in debt (not counting that $8.2m in EAC merger expenses.) They also count $20m as goodwill and another $12m as intangible assets which cook the books a bit and won't be available as real money if there is a liquidation. Something real investors consider. Again, the spin doctors can have their way with those numbers. I'm personally happy UNQL was able to increase net profits. Great job!! They do have A LOT of debts and pending expenses with declining revenues, so it's prudent to be cautious, especially with $32m in ethereal "assets".

The market hasn't reacted yet with only 58k share volume. Those Asian Offices aren't adding the punch many were hoping for. Good Luck out there!

[Dark Roast]

Nice work LJ!

[J2003]

https://www.otcmarkets.com/stock/UNQL/security


Outstanding shares maxed!!!!!
AS 800 M
OS 799.9M

Go figure!

[LJ-Bodhi]

hahahahahaha.....of course:

https://www.otcmarkets.com/filing/html?id=16901664&guid=wwg-kWJTTDp_B3h

[LJ-Bodhi]

One other thing to consider. The annual report is due tomorrow. Someone could be betting on good annual earnings and a pop. Or someone knows it will be bad, thus the dumping. Insider trading on the OTC??? No way #sarcasm

Anyone taking bets on a 10K-NT tomorrow??

[LJ-Bodhi]

More 1m share dumps. I agree with you that someone is cashing out for whatever they can get.

[cojoboy]

Agreed..interesting.. Those big trades seemed to come out of nowhere..???

[LJ-Bodhi]

These big block trades are very reminiscent of the dumping noteholder the summer of 2021, and then again the spring of 2022 when Trillium and 3a Capital converted everything they could until the AS was maxed out. This ticker may be coming back to life on some pump and dump "news" and it has my attention for the next week or so. Sadly at another all time low, but there could be some pops. Interesting.

[cojoboy]

Could be peop!e are taking what they can & running for the hills..smart move...wayyyyy...late...but smart move....

[cojoboy]

Looks like PB & ole 55 had equal massive pickups of 947,062 shares..way to go fellas..

[cojoboy]

Old 55 has been strangely silent...haven't heard any claims of him scalping millions of shares..lately...

[LJ-Bodhi]

New all time low today. Down into James Bond 007 territory. There are some folks who insist UNQL will never raise the AS. The current reverse merger plan has a built-in new share structure that will dramatically increase the spread between OS and AS. Based on the agreement, there will be about 35m in the OS post-merger, and without going back and checking the filings, I believe the new AS will be 100m shares. A select few refuse to believe the publicly disclosed share conversion rate of 0.003 EAC shares for every 1 UNQL share. That means someone who owns 1m UNQL pre-merger will own 3,000 EAC shares post-merger. Good Luck out there folks!

[Prinz18]

With shares a/s at 800m and shares o/s at 799,1m: will they have to raise the a/s in the near future?

[LJ-Bodhi]

This is him actually being honest:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171977189

I don't wish anyone financial ruin, but karma has a way of sorting out folks like him. Attacks others with lies and misinformation pumps only for his own selfish purposes.

Watch, he will claim it was him who bought everything at the bottom yesterday.....and then 55 will do the same LOL. Just 2 dishonest bagholders.

[cojoboy]

PB..needs to stay on his Meds...for more than a year he accused you of spreading. Lies & FUD..now ..he says you're a "pumper...As you stated..if it wasn't so sad...it might be funny..or not.

[LJ-Bodhi]

You lie so much, it's equal parts funny and sad. Let's check your own posts and see if you were lying then our you are lying now:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172137505

If you truly bought these shares at these prices, you are sitting on a loss:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172098217

More losing trades:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172100870

This one is just priceless when you bragged about being fully loaded at 26 cents on a stock that now trades at 3 cents......just like UNQL:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171575774

Bought at $14 and pumping for $17 and it trades at......16 cents. No wonder you pump UNQL so hard to get out of your long-hold bag. You constantly talk out of one side of your mouth to preach to everyone to hold long term, just like you do....you tell everyone you are a long hold, waiting for glory.....then you make this BS reply to me after you are exposed and claim you have been flipping all along????? You have zero integrity and no one believes a word you say. You brag about your buys and when history shows your pump stocks nosedive time after time, you lie after the fact and claim you somehow sold it all for a profit. Absolute pathetic stupid crazy dumbnut:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171545225

Nope!!!:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171544361

Back in March, you proclaimed you are patiently waiting and holding/adding UNQL after 2 long years:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171342786

That 2 cent wall was sooooooo long ago.....:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171042364

More evidence of losing trades that were never flipped by Mr. Long Hold:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170691527

Wrong, wrong, wrong, wrong:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170684057

Long and strong, yes????

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170363837

Crazy undervalued at 2 cents, yes????

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170363014

Oh, the heavy, heavy bags:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170361287

You still think UNQL is an awesome investment with those bags:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170271937

5 million shares near (over) one cent, yes???

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170271209

Thanking me so you could accumulate more bags over a penny:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170203921

Preaching long and strong in September 2022:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170042484

And to PROVE just how big a liar you really are, you told the world you have been long and strong for YEARS with over 2 million shares (if actually true, they were purchased well over 5, 10, 20 cents because that is where UNQL used to trade:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170023661

20 cent price target, such a joke:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169207481

Won't be selling nothing, yes???

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169203449

Let's close on your boast that you've been in UNQL for years and will continue to invest your money. Each new purchase all those years made your bag heavier and heavier. You can lie now and claim you flipped all along. It's the internet, have a blast. It's just so obvious why you attack folks and pump UNQL so hard:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168602559

[powerbattles]

I rode the wave from double zeros up to 38 cents. Do you really think I wouldn't seize the opportunity to take profits? Allowing the stock to plummet back to this level would be utterly senseless. What the heck! To be honest, it seems like you're the only one here who's actively pumping the stock and still won't secure profits. That's probably why you're so infuriated now redirecting your frustration towards fellow traders and investors. It's absolutely ludicrous for you to keep shouting day and night, urging everyone to sell the stock is pathetic stupid crazy dumbnut.

[LJ-Bodhi]

Hilarious! He mysteriously figured out how to speak clear English again:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172658048

I remember 3-flight called him out on this once before. His whole schtick on UNQL has been a thing of beauty, yet tragedy. With 93,000 posts, he can't seem to keep his personalities straight. And we know he creates other accounts to agree with himself and keep the pumps going. So obvious. Funny when he forgets to use the broken-English though. Zero action on UNQL today. EAC will be delisted soon.

[cojoboy]

You should read his posts the last couple days on the BDPT board for laughs...don't forget the popcorn...him and 3F..with CJ2...what a sideshow...can't make this stuff up...lol...

[cojoboy]

I forgot all about Mr.Bunny..lol..need to see what he's sleeping lately...

[LJ-Bodhi]

Remember bun bun and magic man? Those pumpers swore up and down UNQL was the most undervalued, best play in the history of the OTC and was poised to rocket to the mooooooooonnnnnnnnnn!!!! Just the typical pump and dump scammers and now that ihub changed the TOS rules, they have gone completely silent to avoid scathing beatdowns calling a spade a spade. Good Times!

[LJ-Bodhi]

There are so many "cheapies" available but there just seems to be no interest in UNQL anymore. Such low volume. Where are all these bulls???

[cojoboy]

Good thing he has money to burn...but needs to take responsibility for his own actions.. & words.!!