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What a move! Any new news?
HEK mentioned in Barron's this weekend as a water/fracking play.
Sewer dog I stand corrected on pictet position. It is 56 mill. agree with your last posts.
HEK also owns about 40 mill shares...forgot to mention, however, everyone knows this.
Here's what I know: Wynnefield capital owns about 40 mill shares and Peter Black, pm at Wynnefield is on the board. Other institutions who own include pictet (40 mill), water fund, 40 mill, Andy and the employees own at least 40 mill but could own much more. One other large institution owns about 40 mill and at least one individual owns 40 million. You can verify most of this information from company data about 8 years ago. Wynnefield + 2 institutional clients + Andy and management team have a cost basis of $0.08!-- most if not all of this stock is restricted. I recollect that many years ago, I was told that 90% of the stock is closely held institutional/management/insider--1 reason why stock doesn't trade.
Interesting thoughts, however, I think a little differently. UGSI needs to be a stand alone company with Andy being the main man. With HEK's recent acquisition, the new man there is in charge and I've heard some very positive things about him. My thoughts are that UGSI will acquire a company that is as big, if not bigger than itself. This will require the company to raise funds via a secondary. Then it's off to the races! Andy on a road show will insure a very successful outcome to the deal and we will all be wealthy!
Plus!...company just filed a registration form to possibly sell additional shares. Confusing?!?! I thought last deal they did was their final one.
See UGSI board. Why does HEK own UGSI stock?
4 execs + gleeson selling stock. Never a good sign. Stock was down over 6% earlier.
HEK financials out. Shows $8 million of UGSI on books a (cost basis of $0.16/share). HEK also shows it owns 400k of UGSI preferred shares. Annual meeting of HEK in may. We UGSI shareholders all need to attend and ask for what plan is for UGSI stock!
Time to add to positions before they report after close tomorrow. I'm expecting a BLOW OUT! Stock could have a $14 handle on it come Wed morning!
Good guidance, name change...stock at $4.08 aftermarket!
What if earnings are worse than expected? What could be downside? Shorts could take profits on the bad news and this could be a great time to step up and add to positions.
H2odan...great to have you back! Personally, I don't care about AWWA...I only care about us shareholders, and when we will be rewarded. There has got to be some insider at the company that can provide this valuable information. When can we hear from you?
Stock looks like death! Earnings this coming Monday will not look pretty. Then, yours truly will jump in and buy a boatload.
Finally, company comes out with a reporting date for Q4 and year end...Mar 12th
WHEN is the question! This year? Next? 5 years from now? What happens if the market turns? The bottom line is WHEN?
Yea! Back to $0.15 where it belongs!
Special 1 cent dividend needed for shareholders. This would let Andy put money where his mouth is. Show us the money Andy! Shareholders getting restless. How bout it pictet asset management with 45 million shares? How bout it Wynnefield capital with 45 million shares? Ask/demand a special dividend!
Take my last comment back...fundamentals always override technicals. Maybe Dick didn't do his due diligence when he bought power fuels. Not touching until I hear Q4 conference call...or if I see more insider buying. Remember, Lou Holtz, director bought 100k at $3.50 last year!
Lets all call Andy. He refers to shareholders in his last couple sentences. HE'S DONE NOTHING FOR SHAREHOLDERS!
I'm not bailing, only frustrated.
Stock headed down to $0.15 or so...letter coming shortly!
Like that technical call gentlemen!
What's with all these useless SEC filings lately regarding ownership statements? We need to get this company management on the road to tell their story + new analyst coverage wouldn't hurt...
Been thinking...instead of Andy and his team being more transparent, based on the timing of this update letter, IT'S GETTING WORSE!...and there's absolutely nothing we can do about it!!
Wedbush -- not too nice to our boys at HEK. Wonder if there could be some more downgrades as we get closer to earnings date.
Good point, sewer dog. I don't do day trades either, but if Obama talks pipes and/or water, we're off to races.
Sewer dog, pipeliner and other loyal UGSI faithful. I think the fact that the pope is resigning could be the catalyst whereby UGSI actually does some deal to monetize its stock and reward us (the loyal shareholders).
What I was thinking....quarter coming up, with only 1 month of acquired firm's revs and earnings, will be sloppy. I'm dying to buy more stock...around $3.50 or so.
That's a great question...if we had financials from UGSI, we could calculate. Company refuses to provide publicly. It acts like a private firm...Andy has commented previously that "we are a private company".
HEK -- Attn: follow this stock in that they own 7.5% of UGSI and remember Andy is on the board of HEK. Some chatter that HEK will buy UGSI....SOON!
Med.rare--wish I could buy a lot more under $4 like you had, but unless Q4 earnings report is real bad, this stock may never again see a 3 in front of it...and depending on upcoming guidance, stock may never see a 4 in front if it. Go HEK!
Big up day on huge volume with no news...I love it!
When will HEK report?
Very unusual for update letter to be this late...could something be going on??
The key is when will Andy, the board, and the large institutional holders decide to monetize their investments. I think that time has to be coming shortly...it's going on 8 years!!!!
But WHEN? My patience is starting to wear thin!
150k shares at $0.1602! Someone knows (or think they know) something about something!! Come on Andy! Give us the update letter!!