Universal Solar Technology, Inc. (UNSS)

[Buellersback]

First CE removal in quite a while:
CRVH
https://www.otcmarkets.com/market-activity/corporate-actions

[Buellersback]

Same and I'm happy to report the storm was a non-event in his area.

[AD1251]

I second "stand up guy".

He's the reason I got in this deal. Glad to see he is still willing to connect.

[JusteDePassage]

Oh too bad. But safety first! Yes keep us up to date

[JFBroderick]

Unfortunately, my flight already got cancelled because of the hurricane. I’m going to reschedule the flight and hopefully reschedule with Stephen. I’ll keep everyone posted.

[JFBroderick]

I definitely will!

[JusteDePassage]

Oh wow! Let us know how that goes!

[JFBroderick]

Such a stand up guy for taking a lunch. Can’t wait to hear what he has to say! I know for a fact he’s still interested in the merger but there are other factors (his partners) at play so time is of the essence x10 right now both to ensure we don’t end up on the expert market and to consummate the deal with Entrex.

[ToucanYoucan]

$UNSS - Wow! Yes, I would think very interesting.

[JFBroderick]

Grabbing lunch with Stephen on the 3rd while I’m down in FL. Will be interesting to get his take on everything.

[ToucanYoucan]

$UNSS - Bueller, thank you for the reply. Excellent point about it being in Paul's interest.
And, it's good to know he's still making the effort.
Thanks again.

[Buellersback]

I echo your frustration and emailed something similar to Paul earlier this week. At the end of the day, we are at his mercy. My only sliver of hope stems from the fact it is in his own interest to get UNSS issues resolved.

[ToucanYoucan]

$UNSS - Bueller, I have two questions:
1. Why are there always "issues to resolve"?
2. Why are we never informed about what these "issues" are exactly?
------
We have been hearing the same crap about "issues" for years now. UNSS is a small firm - its accounting should be simple with very little activity in recent years.

I realize I am venting at the messenger (you) and that's not fair.
And, I realize you can't answer these questions.
I thank you for telling us what you found out.
------
I sincerely hope Paul is using a new accounting firm. Don't get me started about the statements the prior firm has prepared.

[Longer Than Most]

I can buy shares I’ll take them in trips

[JusteDePassage]

Ok thanks for the follow up

[Buellersback]

Hey, I don't have private messaging anymore. I found out Paul is still working with an accounting firm to get latest Fins completed. Seems there were issues to resolve before they can finally submit Q2. Hopefully he does so before OTC downgrades UNSS to Expert 'grey' Market which would make the hill even steeper to climb.

[ToucanYoucan]

$UNSS - Can somebody buy some? I don't want my portfolio looking this crappy all weekend? lol
I believe our answer to not getting an Attorney's Letter is staring us right in the face.
Look at Current Liabilities on the Balance Sheet.
I'm not going to comment any further on this.

[Buellersback]

I’m giving it a one chance out of ten that it will based on my recent DD.

[Longer Than Most]

I grabbed some but this ain’t going to .14

[Buellersback]

I believe it’s the same investor based on Level 2 activity. Whoever got shares at 0.0014 average lately might make 100 times their money if PPS goes back to 14 cents again, one day! Nice Risk vs. Reward ratio. Big IF, of course Lol. I don’t see the value in selling off at these prices.

[AD1251]

Does this Paul fellow have plans?

Assume since he blew up the other deal he has something better in the wings. Is he teasing us? It sure is getting old.

[soflodiver]

Another investor dumping out again today? I can't blame anyone for doing so. It seems Paul has failed everyone associated with this company. Even himself..

[Buellersback]

*removing the CE

[Buellersback]

At this stage, OTC won't even consider reming the CE removal until Paul issues the latest Fins AND the Letter of Attorney.

Something is holding back Paul to issue the letter until whatever internal issue is resolved. Your guess is as good as mine, as to what the issue is. My intel tells me he hasn't given up and is trying to come with a resolution. We can only hope he succeeds or we are all hooped!

[AD1251]

I see two reasons for delays.

One: Paul has lost credibility with his accountant and lawyer. The lawyer was caught not disclosing the Felon! That makes the next lawyer writing the legal letter a little suspect. OTC reviews and remembers the first lawyers mistake: it was a career move for them. The Accountant adjusted shares but with no offsetting balance sheet item as alluded in the filing (appears a little catch up is due: again).

Second: OTC is a regulated broker dealer with an ATS election (https://brokercheck.finra.org/firm/summary/153944) therefore THEY are accountable for the flaws (and rules) associated with trading any securities. Since their compliance found the lawyer's mistake (which the lawyer was to find) they now are equally concerned about any second lawyer's representation (as in what else was missed).

In the end. The OTC market is responsible for trading per their rules. Which have been abused by UNSS. Not unlike other companies in the OTC world. But certainly there must be great hesitation based on the past "findings".

Paul had a credible team with Entrex - look at Huizenga's history of taking shells to NYSE. He, Paul, should have let the pros do it.

I'm hoping my money isn't wasted and he'll get back on track for his own wealth and my money!

[Longer Than Most]

It’s possible that companies undergoing CE removal process must be in a silent period to show the OTC that they’re serious and follow the rules

[JusteDePassage]

Yes indeed

[JFBroderick]

Interesting trades today. 9 lots of 10k shares at the same PPS.

[JFBroderick]

[e-mail]

Not getting a response. I encourage all 60+ of us stuckholders to give it a try.

[JusteDePassage]

I hope so too

[JFBroderick]

I don't want to make excuses for him anymore but what I DO know is for the last filing he did his due diligence by getting an extension from OTCM then filed thereafter. That, to me, doesn't say "I've given up." I hope I'm right.

[JusteDePassage]

Nope. Dead silent

[JFBroderick]

I'm guessing you didn't get a response?

[JusteDePassage]

I’ll try again

[JusteDePassage]

Crazy!

[Buellersback]

Radio silence

[JusteDePassage]

Any news from Paul?

[Manwiyhthemoney2021]

Lest goo

[JFBroderick]

I second that!

[Buellersback]

Come on Paul. Be the hero and get the damn AL and Fins out this month!

[JFBroderick]

Yea I'm really hoping we see the AL with the next filing. It wouldn't make sense to file AL now bc the next filing really should be verified/vouched for by the attorney. Either way, I don't believe there's anything holding him back from filing early since I don't think anything in the business will change in between now and the deadline.

[JusteDePassage]

Yes i did

[JFBroderick]

Yea. Pretty hit-or-miss. Did you just inquire about an update?

[JusteDePassage]

Oh nice. I tried 2 weeks ago and no answer.

[AD1251]

UNSS Board "challenges"?

I swear we heard OTC said there was a "challenge" on the Board. Then it seems it was resolved. Never good that OTC found the issue and legal counsel did not!

[JFBroderick]

I know this question wasn't for me but I last received a message on July 6th.

[Manwiyhthemoney2021]

Unss lets go

[JusteDePassage]

When was the last time he replied to your email?

[ToucanYoucan]

$UNSS - There is still hope. HOWEVER, there seems to be an issue or "hangup" in getting an Attorney's Letter.

The excuse we got earlier this year (or late last year) was that the attorney that was hired screwed things up or didn't know what he was doing. In other words, the attorney was thrown under the bus.

So, we were informed that there was a NEW attorney. Well, why hasn't the new attorney issued a letter? What is the holdup this time?

Again, it seems to me that there is a nagging accounting or legal issue that continues to lurk in the shadows. What makes this particularly strange is that the UNSS financial statements should be so simple to complete. Not a lot of transactions to worry about.

Bottom line: My personal opinion (and this is only my personal opinion based on the positive information posted on this board and then subsequent delays over the years) is that we are not being informed about an issue that is preventing an attorney from signing off on a letter. I hope I am wrong. I usually am.
We'll see.

[Longer Than Most]

Yes. CEO replies to emails. OTCM not DBMM can disclose anything about the CE removal review, but it seems quite likely that this is ongoing. CE removal and this goes .01+ again. But more likely .03+