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What is going on with this one?
The news was good. Good things happening. $UNIV:
Universal Infotainment Systems Corp. invests into Cryptocurrency mining contracts with Electrum LLC.
Universal Infotainment Systems Corp. (Pink: UNIV), is pleased to announce that the company has invested in several cyrptocurrency mining contracts with Electrum LLC.
This decision by the Board of Directors, will assure a steady monthly income for UISC both as a client of Electrum LLC through the mining contracts and revenue by providing software services to Electrum LLC through our subsidiary Stealthcom Labs BG.
George Pavlopoulos, CEO of USIC stated, Although we are proceeding with full commitment and vigor with our planned projects, along with the planned development strategies for both the UNS and Stealthcom Secure Smart Phone projects, our goal has also been that of a steady revenue thus assuring value to our shareholders. For this reason UISC has invested in a Cryptocurrency Multi Contract Agreement with Electrum LLC of AZ, U.S.A. We are also looking forward in working closely with Electrum LLC from U.S.A. to fulfill their unique Software needs for their Mining Operations
Based on the current financial trend of Crypto Currencies, UISCs mining Contracts at Electrum LLC will project steady revenue which we project will cover the monthly development costs of Stealthcom Labs in BG while the development team is rapidly moving toward the BETA version of the Secure Phone which is projected to debut by year end.
Yeah it's weird how the other day it had 80k in volume without news and now news and nothing. There was only one buy for 2.5k
I expected the news to have more meat though. They already mentioned a version of that in the last Q
no volume and red close to boot- is a dud. but there is always tomorrow. $$$ $UNIV $$$
good news $$$ $UNIV $$$
Yeah. Guess we have to wait for more.
Kind of a dud on that news
Electrum is huge. One of the biggest crypto wallet companies out there.
News out
Universal Infotainment Systems Corp. invests into Cryptocurrency mining contracts with Electrum LLC.Press Release | 06/26/2018
Universal Infotainment Systems Corp. (Pink: UNIV), is pleased to announce that the company has invested in several cyrptocurrency mining contracts with Electrum LLC.
This decision by the Board of Directors, will assure a steady monthly income for UISC both as a client of Electrum LLC through the mining contracts and revenue by providing software services to Electrum LLC through our subsidiary Stealthcom Labs BG.
George Pavlopoulos, CEO of USIC stated, Although we are proceeding with full commitment and vigor with our planned projects, along with the planned development strategies for both the UNS and Stealthcom Secure Smart Phone projects, our goal has also been that of a steady revenue thus assuring value to our shareholders. For this reason UISC has invested in a Cryptocurrency Multi Contract Agreement with Electrum LLC of AZ, U.S.A. We are also looking forward in working closely with Electrum LLC from U.S.A. to fulfill their unique Software needs for their Mining Operations
Based on the current financial trend of Crypto Currencies, UISCs mining Contracts at Electrum LLC will project steady revenue which we project will cover the monthly development costs of Stealthcom Labs in BG while the development team is rapidly moving toward the BETA version of the Secure Phone which is projected to debut by year end.
As I mentioned on the other board, I think the ultimate goal here is to for Electrum, LLC to do a reverse merger into UNIV. Emanuel already owns 77.5% of UNIV
Secretary of State links
UNIVERSAL INFOTAINMENT SYSTEMS CORPORATION
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=179195053057057100180197246016201068014112151009
Stealthcom Corporation
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=110064192212054076210124016102157199192248255202
Electrum, LLC (owned by George's sons Nick and Emanuel):
https://ecorp.azcc.gov/BusinessSearch/BusinessInfo?entityNumber=L22244031
$UNIV Pink Current: https://www.otcmarkets.com/stock/UNIV/overview
heard news soon per CEO $$$ $UNIV $$$
starting to file is always a good sign $UNIV
Starting to look interesting. Company started filing December 2017 after 8 years dormancy.
UNIV is severely delinquent in filing the company's Financials. The stock is at risk of an SEC Suspension and subsequent stock registration revocation.
https://www.sec.gov/cgi-bin/browse-edgar?company=Universal+Infotainment+Systems&owner=exclude&action=getcompany
nice ;-> eom
I sold @ 1.85.....lol
c
yup
that's been one of biggest downfalls in trading/investing ;->
u should have held
c
this caught my eyes
after seeing the 100m deal on the wire
after doing some basic dd, it does appear that they have their act together when it comes to filings and being forth coming with investor information
I did make a small purchase of 5k shares but sold them at about the same price due to lack of volume & interest, not holding any shares right now
Keeping this on the radar though
The 100m deal appears to be over 5 years and is also noted here:
http://www.lowriderae.com/news.htm
http://www.lowriderae.com/uis.htm
Is it legit? hard telling but 100m deal out of Dubai or UAE is probably not that big with the bucks they have over there
The products look really cool, I would like to have one ;->
The target market appears to be the high end, if they made way into the low end consumer market with the likes of garmin etc, then the interest would probably take off
definetly something to watch, and if their technology is superior and patented, could also be a buyout play imo
just watching for now until more info is released from the co.
Looks like they outlined it in the filing
Most noteably this;
"The Company is in the process of attempting to raise an additional $200,000 through the sale of its common stock in a private placement offering. The offering is scheduled to run through August 31, 2009. If the offering is successful and the targeted equity goal is raised, this additional funding will permit us to sustain minimal operations until approximately May, 2010. We have no agreement, commitment or understanding to secure any such funding from any other source."
No mention of the $100M deal in the filing.
be honest,
I prob was in igen and prob got burned sine I dont remember right now ;->
got give the hats off award to this guys at univ for the way the have the transparency laid out on the web site.
cool
I was just using this as a reference point for what I would like to see global do and didn't want to act like I was plugging anything since I started this board.
I started the board after seeing the pr about the 100mil distro deal in Dubai and looking at some of the filings and share structures etc, most of the public available dd looks clean and very interesting to say the least
right now, the spreads are too large and there is no volume to speak of and prob little retail following right now
but this is something that I am keeping my eye on long term as a potential investment especially if they entered into the consumer market to compete with the likes of the other gps players like garmin etc
disclosing - I did pick up 5k shares at .20 for my 401k and am interested in finding out more about the long term prospects here
Yes, Edwards, it is a nice web site. Especially like the "Investor Relations". Know how many employees they have? So, you think they have their own IT? If so maybe he/she does work on the side.
OT: Noticed you were or are still in IGEN. I was in that before the big R and lost track for some reason. Didn't have much in and got zeroed out.
Always enjoy your posts on the other side of the hill. :?)
interesting stuff
http://finance.yahoo.com/news/UISC-USA-UISC-Signs-100-bw-15343466.html?.v=1
UISC USA: UISC Signs 100 Million Dollar Distribution Contract with Low Rider Est., Dubai-Abu Dhabi, of the United Arab Emirates
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Universal Infotainment Systems Corporation provides leading edge solutions for automotive navigation by combining the power of onboard computers, GPS positioning, 3G communications, and powerful Satellite and Aerial Photograph image map displays.
http://www.uiscsys.com/
S-1 SEC registration
http://idea.sec.gov/Archives/edgar/data/1444914/000114420408057516/v128493_s1.htm
28,557,246 shares of Common Stock outstanding as of December 31, 2008. Insiders own approx 92% of outstanding common according to:
http://idea.sec.gov/Archives/edgar/data/1444914/000114420409005182/v138250_s1a.htm
UISC USA: UISC Signs 100 Million Dollar Distribution Contract with Low Rider Est., Dubai-Abu Dhabi, of the United Arab Emirates
http://finance.yahoo.com/news/UISC-USA-UISC-Signs-100-bw-1458422608.html?x=0&.v=5
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