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UVCL Tax Loss CarryForwards
This is from UVCL April 2006 10K:
" No provision for income taxes has been recorded due to net operating loss carryforwards totaling approximately $1,569,000 that will be offset against future taxable income. Theses net operations loss carryforwards begin to expire in the year 2021."
I am not a CPA but they could possibly have a cash value of:
$1,569,000 * .33 = $517,770
A clean, usable shell has an intrinsic value on it's own merit. It is not hard to argue that UVCL should have a Market Cap of $1.5 million to $2 million. As of this morning the Market Cap is $630,000.
Predictably, the stock overreacted on the down side, with the Pure Romance Merger Termination. As investors get over the shock, and new investors find this opportunity, the share price should return to it's fair value.
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A little activity today. maybe we're getting close to another announcement!
"Was Not Fulda"
But we still don't know if it was because Fulda was being an arse and wanting too much from the deal or not. The comment about timing not being right is commonly used in business as a way to avoid saying unkind things about others when something doesn't go right
I didn't read in your original post that Cicchinelli flat out said that they were the ones who canceled the merger- did he say exactly that?
Still holding some for the next round GL
speckulater, lol, I sure hope you are right about
one thing.
I hope our boy Sean has another deal lined up soon so I can scalp it again,
Sorry I don't share your opinion about Fulda, I think he is a crook that has developed a very obvious scam and has now run it three times that I have seen, that is my opinion, so we can agree to disagree,
and I hope we both make money,
Was Not Fulda
Sorry to shatter your illusions, but it was not Fulda who dropped this deal. Pure Romance had a change of heart. I know this for a fact, because Mr. Cicchinelli, Patty Brisben's son and the Executive Vice President personally returned my phone call, several days after the termination was announced publicy. He basically just said "that the timing was not right".
Read post # 736 for more details.
Hopefully, Mr. Fulda has another deal lined up soon. In the menatime, UVCL is on Fire Sale.
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ahh, I see Sean Fulda did it again, now that's 2 out of 3
merger scams I have profited from while watching poor innocents lose big bucks to this scam artist, this lowlife caught me on the first one, but I caught on quickly after that one,
warned you all about a month ago to not trust this crook, I hope some listened,
in the pinks you MUST at least adhere to one basic simple rule,
screw me once, shame on you, ........well you all know the rest.
Spam email from DWB guy machtabow@yahoo.com
had a 0.0065 OPEN sell order sitting there from yesterday and did not get filled. Bid climbed at 0.0065 both days, my order was not filled. That tells me they may drive it further down ...
Had the merger gone through he would have been hailed as the greatest picker ever. lol He just picked it based on the filing, news etc. He didn't know any more than the rest of us when he picked it IMO.
Mach (Michael) is a monkey.You have his email?
dumped dancing with the bulls is just a pos pumper.
Interesting. Didn't have much of a run until a month after the merger was announced:) Interesting comments from PR as well. lol
well the first time this boy scammed us
with his merger bullsheet in 2006, I lost a bit of money,
however, the second and then this most recent last time I made good bank, I simply figured out that this guys scam is to announce ridiculous mergers that will never happen and run up the stock, then languish for some weeks or months while the deal falls apart, then after a bit of a wait, do it again, and again,
so, when this most recent merger was announced I called True Romance and was informed that they were lukewarm on the merger,
so I bought into it, watched it run up and quickly sold for a handsome profit,
Can't wait for Shaun Fulda to do again soon, I will definitely play again, and again, lol
Current Reverse Merger Example
Here is an example of a current Reverse Merger that is completed. Actually, this has not even been publicly announced yet. A pinksheet at that. I pasted here, because Yahoo usually clears it the next day. Yes, it closed up friday 625%.
(SSTP) Sustainable Power Corp.
OFFSHORE CREATIONS (Other OTC:SSTP.PK) Delayed quote data
Last Trade: 0.29
Trade Time: 3:59PM ET
Change: Up 0.25 (625.00%)
Prev Close: 0.04
Open: 0.04
Bid: N/A
Ask: N/A
1y Target Est: N/A
Day's Range: 0.04 - 0.29
52wk Range: N/A
Volume: 904,248
http://finance.yahoo.com/q?s=SSTP.PK
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Rue, when I tell I had insider info , it is threw a friend.
I tell you in les than 60 days something else is going to happen with NAUG.
Gotta go , see you all tomorrow.
It doesn't matter IMO as you've yet to support your comments about BFUN in the first place. You stated that Pure Romance "has to choose between two shells" which doesn't make sense anyway- they certainly have other options and don't have to do anything.
Sorry if I'm mistaken but it sounds like you're just trying to drum up interest in BFUN for some reason.
speckulater, I wish you asked him when the cancellation occured.
Did it happen last year or last week. It might explains alot of stock behavior
Pure Romance Called
Despite what some may think here, I do not knowingly promote stock scams. I try to provide reliable information. In that vein, I will share what just happened, do with it what you want.
I posted here several days ago that I called Pure Romance. They transfered me to Mr. Cicchinelli, Patty Brisben's son and the Executive Vice President. There was no answer, so i left a message. If you remember i posted the next day that I received no answer, and maybe they were blowing me off.
Well, Chris Cicchinelli called me back 5 minutes ago. I was stunned. He apologized for delay, he was out of town, he was aware that UVCL put out the PR, but wanted to call me anyway. He said the merger was canceled mostly because "the timing was just wrong". I am not exactly sure what that means, i was so stunned he called, i did not ask. He did say that Pure Romance is looking at other options, maybe a reverse merger in the future or even an IPO. I did ask if they are looking at another shell. He said "no, not at this time".
I must say i am thoroughly impressed with Pure Romance. He was very polite and sincere. I can see why the Consultants love the company, they treat people with dignity and respect. He did say he would keep my number and let me know if/when they are going public. Pure Romance, a very impressive company.
OT
I gave some of you bad news, now maybe some good. Longer term investors take a peek at PLRO. They should be on NASDAQ in the future. The price is down from recent highs. Stock Reports and DD on IHUB message board.
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asw22, how about this little nugget $71M in carryforward tax losses. The entire Pureromance revenue for 2006 is only $60M
BFUN O/S is atmost 60M if not 27M. R/S 10 to 1 and O/S is 6M shares and Pureromance is still has 100M shares authorized.
I think it is a much more business smart decision than to reverse merge with UVCL with 200M shares O/S.
I put an order to buy 50K at .30 and nothing so far.
Maybe there are many more shells like BFUN. Why should PureRomance get this one?
I asked PureRomance yesterday about this, but until now i don't got an answer...
Here is the latest info about BFUN:
Authorized 200M shares
O/S 27M shares
Howerver they filed S-3 form "As Filed with the Securities and Exchange Commission on July 6, 2004 Registration No. 333"
to sell 33,813,961 shares.
Thus, O/S 27M + 33,813,961 = 60.8M
Howerver, carryforward tax losses is $71M
I am not a CPA, anybody can shed some light into how Pureromance can take advantage of the $71M losses?
I am thinking of buying 50K today.
All think twice about DWB (Mach) or Michael.That guy is a
fool. Stick to IHUB.
a bit dissapointed ... expected a bounce today.
Yees! Your're right, I'm sorry.
My question wasn't about the tax loss carry forward. The question is: From where do you have the information that PureRomance has to choose between UVCL and BFUN. I can't find any informations on the web that PureRomance is in negotiations with PureRomance.
From BAM ENTERTAINMENT INC May-24-2004 20040331
We have experienced recurring net losses from inception (October 7, 1999) through March 31, 2004. During the nine months ended March 31, 2004, we used cash in operating activities of $6.1 million and incurred a net loss of $11.2 million. As of March 31, 2004, we had cash and cash equivalents of $290,000 and an accumulated deficit of $71.0 million. These factors, among others, raise substantial doubt about our ability to continue as a going concern for a reasonable period of time. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of assets or the amounts and classification of recorded liabilities that might be necessary should we be unable to continue as a going concern.
We have a history of operating losses and may never achieve profitability.
We incurred net losses of $11.2 million for the nine months ended March 31, 2004, $36.2 million for the year ended June 30, 2003, $15.7 million for the year ended June 30, 2002, and $1.6 million for the year ended June 30, 2001. We will need to generate significant revenues and control expenses to achieve profitability. There can be no assurance that our revenues will grow in the future or that we will achieve sufficient revenues for profitability. If we fail to achieve profitability, or sustain or increase profitability if we achieve it, this will have a negative impact on our operating results.
From ETrade : Power E*TRADE Pro. EOM
wow look at that heavy volume on NAUG today lol.
Where do you pick these things.lol
Don't mortgage the farm.
AHHHH Pinky Quotes Not Working Today. eom
speckulater, it is a pink sheet company. I am still researching it. Even though, it is a pinky. a tax loss of $64M is amazingly attractive. BID is .024 and ASK is .03
BFUN
BFUN is not trading. (Sigh)
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From what I've heard, Pureromance has to choose between two shells.
UVCL with 200M O/S, $1.5M carryforward tax losses.
BFUN with 27M O/S, $64M carryforward tax losses.
I would've prefered UVCL because I am a shareholder.
However, I am assuming they choose BFUN.
That is probably true. It happened for me with FCCN. I gave up on it only to see a 20 bagger recently from the point it had sunken to. It's a good thing I held a bunch and was watching when it began to rise again so I could buy more. Had I not sold any when it crashed before I would have done better.
I tried warning you and to make your money back with NEWS that will come out in a few DAYS! PROFITABLE numbers coming out with NAUG.ob ..just watch
1. bigstring--
2. pdcn--
3. real romance.
they dont close deals. they sell their shares to you and play the game over and over. dont be foolish.
Patience is key. If you can let this sit, eventually something will come to fruition. It's a clean shell, as far as we know, and it will be back to a penny sooner than most think IMO.
DEJA Vu !
been in UVCL back in May 2005 when it tanked some 80% on a failed merger !!!! It has recovered nicely ever since. It will happen again. They'll start some merger talks in a couple of months or so (after weaks hand had been shaked off !) LOL.
If theres one thing this POS stock has going for it, it would be a book value of 0.005 per share and the fact that the CEO doesn't dilute and hasn't diluted for over 3 years. Whoops, that's actually 3 things! Just remember, this will bounce upward again, the buying that occured today proves that I'm not the only one that thinks that! True there was a lot more selling than buying today, but this will bounce sooner or later. Selling here will guarentee you a loss, holding is almost a guarenteed gain! JMHO
If you really sucked at this you wouldn't have had profits in the first place
F....CK i lost some nice profits in this.. I suck !!!!!!
OK. I regret calling you dummy.
We must now be even.
Thanks I answered before I read you.
I have this very special habit to read the post as they come along.
My Apologies pual
I misunderstood.
He was using your previous figure of $500,000
I am big enough to admit my mistakes, sorry pual.
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Hey dummy, can't you read:
Posted by: pual
In reply to: Ruellit who wrote msg# 694
Posted by: Ruellit
In reply to: MFridge who wrote msg# 691
No issues that I know of for UVCL, it's clean of any financing deals and law suits.
In fact, without any business UVCL still has a value of about half a mill!
And some do beleive SEC is their to punish theifs and protect shareholders ???
SEC Seeks to Limit Investor Suits
MoneyNews
Tuesday, Feb. 13, 2007
WASHINGTON –- The Securities and Exchange Commission has taken initial steps to protect corporations, executives and accounting firms from investor lawsuits that accuse them of fraud.
For starters, the SEC filed a brief in Supreme Court last week urging the adoption of a legal standard that would make it more difficult for shareholders to prevail in fraud lawsuits against publicly traded companies and their executives, The New York Times reported.
At the same time, the agency's chief accountant said it was considering ways to protect accounting firms from large damage awards in cases brought by investors and companies.
According to the newspaper, critics of the SEC's actions said the moves signaled a major retrenchment from the post-Enron changes and showed that a lobbying push by big companies, Wall Street firms and the accounting industry was gaining traction.
...
I believe he was responding to one of my posts and using that as a basis for sp evaluation, which he did correctly!
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