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SEC clamping down on the entire OTC, I see this as a good thing.
Price action very encouraging. Makes you wonder why people are so quick to take throw paper hands up.
A buy signal was issued from a pivot bottom point on Wednesday, September 22, 2021, and so far it has risen 29.22%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Unique Logistics International Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
This could turn out well if management keeps the public float at a reasonable level and let's the SP grow. Right now our public float is roughly 250 milly anything under 300 mil in the public float is capable of sustained SP growth. Regardless of the FUD. They should be in position now with 3A probably out to relieve common shareholders finally. We shall see but it looks like .12 to me with a possible squeeze and spike to .15 or even .30's again. Not sure what will happen but I like my chances
Good action today. Alas, didn't get any .028's *sigh. If 3A dried up their powder this could hold gains like ILUS. Barring any further dilution
Could be good things ahead
OKAY I see what I got wrong, the 7.5% average. I probably was in a hurry when I read it and didn't look it over closely enough. I stand corrected. Other than that though I was right.
UNQL is EXTREMELY oversold on the RSI. Last I checked it was RSI 14
Pretty much exactly what I said. 25 million shares- equal to 1 million on the return with any depreciation to be offset by preferred shares should they not be able to get the full 1 mil from free market. How is what I said not AT ALL what was filed?
The Qualified Financing Registration Statement shall include Registrable Securities only on behalf of 3a Capital Establishment, comprised of 25,000,000 shares of Common Stock currently held by 3a Capital Establishment, which, if such 25,000,000 shares is not equal to $1,000,000 of value valued at the lowest price at which shares of Common Stock are issued in the Qualified Financing, shall be increased or decreased to a number of shares of Common Stock equal to $1,000,000 valued at the lowest price at which shares of Common Stock are issued in the Qualified Financing. Each other Registration Statement to be filed under the Registration Rights Agreement shall include all Registrable Securities, except as described above.
The exchange agreement with 3A was only for 25 million shares, at 7.5% of our daily average volume traded. 3A is owed 1 million give or take on the exchange. They will have sold a LARGE portion of those shares by now probably received .045 on many of them after last earnings. Chances are they will successfully complete the remainder within 2 to 4 weeks. Tops- This is simply basic math. Even if 3A ended up selling all 25 million at .029 they would have still received 725,000.00 against the amount owed. But we all know they dumped into those high volume days following earnings so that is not the case. They likely averaged .045 on a good 12 million shares. Then retail went into hiding and the volume died so they continued to sell 7.5% against low volume. Leading us to where we are now. That is why I believe they will be out soon. I cannot guarantee they will let the SP grow with a non-dilutive market following 3A. But they do have the right ingredients for a successful rebound here. Obviously very undervalued beneath .04
3A is not making "massive gains" as you put it especially not at .029. The exchange agreement states the par value of their shares is. 001- They can only unload into volume at a rate of 7.5% based on the trailing average volume of shares traded. By my calculations and using this week's rough estimate of average volume they will have made approximately 8500.00 today. In fact the only reason we are even seeing green at all is because our previous volume has been low enough to prevent 3A from selling enough shares to dissolve retail. But until they run out this will hover in this range. I reckon they'll be gone in less than a month maybe quicker. Maybe
I may not be the world's foremost expert on SEC filings, but even an idiot can see that they got in over their head going public relative to associated costs. Even a bigger idiot can see that is a temporary setback for shareholders and not a permanent one. Unless they allow the note with Trillium to mature which by all indications they won't, or prefer not to, the exchange agreement with 3A could very well be the last hurdle before we get a full year of non dilutive trading. That's not a guarantee obviously but common sense dictates that a non dilutive market will lead to a higher market cap. I don't see any new notes being issued do you? As I said, good chance for a reversal in the near future. My estimation is a very quick 3 weeks and we will start to see a correction up. As far as listening to me goes, I always advise my friends to only take a starter with UNQL and also explain to them the dilution, the reason for it, and the likelihood of if more will hit. Think what you want, all my posts are my opinion only
I pitched this stock to a friend of mine yesterday with full transparency about the dilution along with my estimation that within 3 weeks the sell pressure will be dissolved. Give or take. He seemed very interested to say the least and has a nice social network. In fact they play poker tournaments on Poker stars which is how we got started on the topic. They need more players
They are newly listed, the costs in large part associated with going public have been dealt with by way of dilution. The vast majority of that problem could be overblown and at the end of the road. Be very careful if your short. Just my opinion. I lose nothing holding long except unrealized redeye.
Who wears short shorts?
I'm finding it really difficult to not buy these .02's ...Been wrong before but I'm getting that gut feeling we hit rock bottom.
A more accurate characterization of the dilution which has decimated this companies market capital and shareholder equity, you would need a word which does not even exist linguistically, not now, not ever. There literally is no known word to describe the absolute dumpster fire of historical proportions this stock has experienced as of late. Charades would be the only way to explain it.... for example-- I will make a motion which depicts one person kicking another person squarely in the nuts with over 3,000 lbs of bone cracking pressure. Then all of the players could cry out "$UNQL!" and then I'd high five everyone and give them a point. That.... I feel best describes it.
But who in the hell uses the word "bugaboo"?
Threeflight you the man if what you are saying is true. Knuckles* maybe I should reload .02's instead of waiting but damn this company scares the daylights out of my trigger finger
The only way this doesn't go back up is if they continue diluting. You would THINK market capital was the prime reason for going public. Like I said, either this will be an epic comeback, or an epic fail.
I would be remissed if I didn't mention the fact that retail traders LOVE a good comeback. We are definitely down but not out, still in the fight no matter how low it goes. Fundamentally nothing has changed, and the public float will likely be around 265 mil by the time the exchange agreement is sold entirely. (3 weeks hopefully, maybe 4) That size public float (barring
further dilution) can move up very very quickly on bullish volume Reversals in this classification can wipe out losses very quickly if the right circumstances manifest themselves. In fact, I daresay this stock fits the comeback profile nearly PERFECTLY. That being said, 3A needs to finish with their daily 7.5% bleed for this to ever happen. If we could get some heavy volume the entire process would be accelerated. Best of luck longs and shorts. My shares are not for sale. Targeting .01 to reload while under 3A- Once dilution and collusion is removed I'm bullish on anything below .12 believe it or not.
Either gonna be the best turnaround story ever or the most epic fail ever when it's all said and done. Take your pick
Gonna bounce HARD when and if they decide to let it. 250 to 260 million public float will move multiple pennies in a day easily. Dilution sucks
Good morning, The Unique Logistics International Inc. stock currently holds an RSI14 at 22 and is oversold on RSI14. (lol)
Yeah, but at least on the plus side, the surprise factor will be ten fold if management does something to revive this stock from its coma unexpectedly. Just when everyone seems to have given up on it I have seen alot of cut losses get punished that way. You could be right, admittedly- but I have no choice but to hold. So that's what I will do, right now I'm in a 5k to 50k challenge trading options and that's where my focus will be, hopefully this doesn't start going back up again before that's finished. My first trade was SNAP options expiry NOV 80.00 strike and those already sold for 50% gain. Tomorrow we find out the next trade.
That's speculative though, you don't know that for sure. Sometimes things have a way of surprising us and it stands to reason that they would prefer a higher SP organically. I'm not pouring anymore money in this aside from profits I take elsewhere either way.
Only strategy here is to kick myself in my own nuts. D'oh!
If it goes under .01 then we can easily make our losses back. Just load up down there you'll be fine. That's what I'm gonna do.
EXACTLY I know alot of people are ticked off right now but consider the facts. Majority of the folks who can't deal with the short term dilution associated with costs of going public are also usually the first people to flip their shares the very MINUTE the share price goes higher than their cost. These people are no different than trillium and 3A capital in that regard. They will dump their shares right at your feet. I have had multiple opportunities to flip this and have not sold. Why? Because I know it will take TIME but eventually this will turn into a sustained .. i repeat SUSTAINED correction. Waiting for one cent.... two cents... not my strategy. alot of fake bulls in here and penny flippers. If anything the dilution is an effective filter to that end as hopefully they will be gone when this finds legs.
And by the way, if I'm not mistaken MITI went through a similar situation before their rise. They had some notes holding them down also to .02 to .04 range for awhile. It really is as simple as that. The stock isn't always going to be trash. If it was, there would be no point in ever going public to begin with. Just gonna take while that's all.
Once they are done with the remaining debt from going public which is getting smaller every day, I promise you, $UNQL will be able to raise shareholder value. There is no point in getting the share price up while 3A still holds leverage against the trading volume. By my calculations this will begin to move up very soon and hold gains. Especially if the paper hands have already cut loss and I'm sure most of them have. When it does move back up I will be so battle hardened I doubt I will even take profit. I'm content to hold this a full year at let the chips fall where they may.
Not me, I'm staying in until a correction up. If they want to let it go to 0.001 than that's where I will buy more. But I am not taking a loss. If it goes lower I will use that to double down.
Actually public float is 248 million. Tiny though by comparison. Absolutely it is as simple as dilution being the only thing holding this back. With 250 mil float in play after the notes are gone (and each day draws closer) the move up will easily go to .12 (albeit choppy as many will want out) Quite frankly though when dilution is finished, many new investors will take a starter to replace the baggies. Plenty of potential here, today's share price is way oversold.
Oversold af. Fingers crossed it goes lower so I can buy more
The public float is 248 million. Once 3A is gone if they cease further dilution any shorts will have to cover and it will begin moving up rather easily. I'm certain there is a multi million share short position and time is running out each day to cover. They can only buy so many shares from 3A
There isn't a single day that goes by where Bodhi doesn't post something to bash this company here, and then tries to color the post as if he is just some logical investor considering the angles. GIVE ME A BREAK-
The only thing I HAVENT seen Bodhi try and do on this forum is come right out and ask members to sell their shares to him at a loss so he can buy back to cover lower. I seen everything else. Maybe he will surprise everyone and just get on with it.
I would normally average down right here but since this company has shown no desire to address the issues plaguing the stock and instead chosen radio silence on the matter. They do not earn my vote. I WILL however buy more around. 01 if the opportunity presents itself.
Exactly, it's a built in cost when factoring in the .1% interest on getting fronted operating cash for business they have already acquired.