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If Sean is serious, assuming there is a next time, he should not sign any letter of intent, shake hand with whomever he would deal with, shutup (No NR) and come out when the deal is a fait accompli.
That's a PPS of 0.0025 if I calculate right!
OK, maybe I do not have enough shares.
On the otherhand maybe I define retirement with to agressive a vision?
Whatever, IF DEAL THERE IS, I still expect a great opprtunity to cashin some more.
Oups! that a little optimistic in my view.
If acquisition there is, short term selling opportunity will rise.
Longer term however I expect thing to settle at a reasonnable PPS (not something to retire from however).
That is however IF ...
My bet is we are not that far away from an outcome (notice I do not judge of what the outcome will be).
I suggest a few more weeks may be the way to look at it.
I do not remember.
However, if you look at yesterday financials, you must understand that IF AN ACQUISITION of significance is to be done, financing will be quite complex.
Not only will they have to finance the purchase but they obviously will have to reorganize completely their overall financials if they are to operate efficiently.
Personally, if acquisition there will be, I expect quite a complex and extensive NR and I have no doubt that current ownership will be totally changed.
I therefore understand why it could take that long (but apparently they are still working at it) and do not have any idea what my shares will be worth after the deal is consumed, if deal there is to be.
No problem.
By the way, one has to be quite naive to be surprised by the outcome of the last Sean scheme.
Personally I only will be surprised if Sean succeeds on a plan of is. I however do not hold my breath.
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UNIVERCELL HOLDINGS INC - Nasdaq OTC BB: UVCL
Share Related
Market Cap 2,590,250
Common Shares Outst. 199,250,000
Average Daily Volume 1,487,700
Source: http://quotes.freerealtime.com/rt/frt/M?IM=quotes&symbol=UVCL&type=Profile&SA=quotes|Pro...
State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: As of November 10, 2006, there were 199,250,000 shares of the issuer's common stock, par value $0.0001 issued and outstanding.
Source: FORM 10-QSB
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2006
Will have been in for 3 years on April 16th.
Bored? No
Doubtful? Yes (If one is not, he doesn't understand what this is all about.
Impatient? I have my days but, understanding failure is possible, I understand that if this is to become a success, the management has a heck of a job to complete (readd yesterday's financials)
Hopeful? Yes (otherwise why would I keep these shares?)
My hope is that, if a good outcome is to be it is before I leave for 6 weeks in New Zeland or After I return. I would like to be here when the news hit the wire so I can play the game when everyone gets emotional.
And (JMHO) you will not see one till the BD situation gets resolved somehow.
Personally, if I was Matin, I would sell it for whatever I can get for whatever it is I own out there, even if it's only one dollar worth. I would then explain the market that, trying to stay alive following the transport disaster and simultaneously working at building a North American operation, I borrowed against the assets we had out there, lost the control of it and ended up owning whatever is left.
May be or not true but what is one more lie if it leads to normalization.
At the same time, I would have whatever the North American operation is audited (not the funny type of audit we saw up to now) I would start reporting to SEC (what a change that would be) and have knowledgeable most likely unhappy (for the moment) shareholders.
If such a drastic way to come out of the mess was to tell shareholders that they right now own something worth (capitalization) more or less $6,000,000 (20,000,000 shares at $0.30), such a plan could work and create a base to build on.
Hopefully, we still own something out in Bengladesh but honestly I personally doubt it.
To had we do not own Pure Romance's stocks. If pure Romance represents such a nice future the current owners must know it.
If a merge was to happen (Long shot) our 200,000,000 O/S will probably alltogether represent 5% or less of the total new company.
JMHO but I share it with myself.
Few notes I made reading the report. Bottom line is: If this is to become a nice stock to own, the management realy have a task ahead of them.
An improved situation is still possible (for as long as there is life, there is hope) but one better not hold his breath.
Common stock, no par value, 5,000,000,000 shares authorized, 4,983,776,164 and 4,167,927,006 shares issued and outstanding as of December 31, 2006 and June 30, 2006, respectively.
No more authorized shares available. Let's see what they do about that? '...In order to comply with our obligations under the Articles of Incorporation, our stockholders would need to authorize additional shares of common stock. ...'
Accumulated deficit Dec.(32,897,874), june(32,601,533).
This means they lost $296,341 over the last 6 months on sales of $4,159,370 (7%). This is somewhat better than what they did 1 year ago (Sales were $4,491,124 and loss was $(649,654) or 14.5%).
'Management is pursuing additional capital and debt financing and the acquisitions of profitable businesses. However, there is no assurance that these efforts will be successful.'
'The Conversion Of Our Series A Convertible Preferred Stock Could Cause A Change Of Control.'
The company relies mainly on 2 customers. That's quite a risk.
The following note added by the auditor ('Our ability to obtain additional funding and pay off our obligations will determine our ability to continue as a going concern') is what the management is trying to resolve thru financing of new acquisitions. Quite a challenge and this confirm that ADVC is a HIGHLY SPECULATIVE STOCK TO OWN.
'We Will Need Additional Capital to Achieve Our Business Plans'
'We Need Additional Capital to Fund our Present Liabilities'
'Based on our projected level of operations after the acquisitions, we believe our cash flow from operations will be adequate to meet our debt service requirements. We cannot provide any assurances, however, that we will have sufficient cash flow to fund our debt service and other liquidity needs.'
'New Equity Financing Could Dilute Current Stockholders.'
'The Future Conversion Of Our Outstanding Series A, A-1 And B Convertible Preferred Stock Will Cause Dilution To Our Existing Shareholders, Which Means That Our Per Share Income And Stock Price Could Decline'
' ... If such conversions had taken place at $0.0006, our recent stock price, then holders of our Convertible Preferred Stock would have received 5,733,000,000 shares of our common stock.'
That is kind of similar to what I heard myself.
However, you get this post also, from someone who got it from someone who presumably talked to Danson???
FWIW obviously.
On the roadthisweek it'smy first access toInternet.
Obviously I've not missed much relatedto ADVC sincethe beginning of the week !!!
I donot understandwhy that is. I'mon the road right now, I did try it and it did work.
Not critical anyhow!
GLTY
Quiet right now!
To help you wait:
http://www.tomslighthouse.net/special/Socks.swf
Quiet right now!
To help you wait:
http://www.tomslighthouse.net/special/Socks.swf
Quiet right now!
To help you wait:
http://www.tomslighthouse.net/special/Socks.swf
Quiet right now!
To help you wait:
http://www.tomslighthouse.net/special/Socks.swf
Very few shares traded up to now today (it's been like that recently except for tomorrow ... may be).
Only $580 worth of shares were traded and all at bid price (0.0005)
Obviously everybody sit tight on their positions waiting for the company to say something.
FWIW, I expect news within the next 2 weeks.
Many in here discuss the stock as if it was a Pure Romance stock.
The way to look at it is: We altogether (including Sean) own 200,000,000 worth a grand total of $2,500,000 in a context suggesting UVCL may merge with Pure Romance.
Looking at the value of Pure Romamce (estimated since it's still a private company) how much of it could $2,500,000 buy with the agreement of the Pure Romance company?
Finally, I have no doubt that Pure Romance looks (unless they did) at Pure Romance as an option for them to become public. However, many other options are probably also being evaluated.
Honestly, considering how long the process has been going (since Sean released the news) my expectations are very small.
May i be wrong. GLTA (me included).
I certainly beleive that to be highly probable.
By the way I repeat it, I do not know why Sean behaves as he does (creating expectations and not even following thru on them).
My OPINION is that the guy is an incompetent dreamer, spoiled child of a rich father who shouldn't have ever been in charge of a publicly held company to start with.
All I think I should hope for is that the ends up selling UVCL as a shell, the current market price of which seems to be at best a couple of million dollars (current PPS or so).
Sincerely hope to be real wrong, owning 25,000 expensive shares myself (no intent whatsoever to average down either).
Kind of curious that one would interpret OPINIONS justifying reasonnable doubt as something posted by a basher.
Even more curious having him write: "Both companies have (informally at least, besides the public SEC filings) have verified that they are still working on completion of the reverse merger".
That's extended somewhat the meaning of "we have no comment" made apparently by one of the 2 parties, that one not being the one which release the intent to merge release to start with?
Pure Romance is a privately own company and they do not have to make any comment.
Sean is the one owing the market a comment and as usual this turkey won't till he can figure out a way to announce another false project of his.
I'm telling you (after I learned it the hard way), this guy is totally unreliable ... whatever the reason (dishonesty? incompetence? both?)
"He also said the acquisitions were still moving forward,..." That's what I heard also from a different source (external to the company).
"they are working with the banks on financing." That's what I was told also.
"I told him we need a PR acknowledging the delay. He agreed they should release some kind of update," till they do that, we will remain in total darkness and only can rely on non official, non realy significant say.
"I am hoping we see something soon." Don't we all. My hope is that they include that in the next filing with the SEC.(quarter financials)
I am moderately optimistic.
The avarage day volume of shares traded was traded within the first 30 minutes today.
Some large trades (everything being relative) posted early in the day:
9:36:02 AM Trade 0.0005 1800000
9:32:42 AM Trade 0.0005 1845000
9:32:18 AM Trade 0.0005 4750000 ($2,375)
9:32:04 AM Trade 0.0005 1845000
It however could be MM's trading shares between themselves.
Let's see what the rest of the day looks like.
I wish you the best but with your expectations, even if the possible best happens, you will still be very disappoionted.
One of us realy doesn't understand the game being played here, assuming game there is.
Bottom line, Pure Romance and UVCL merge, Pure Romance and Sean do split (let's say 95-5) Sean's shares and you and I keep our share as if nothing waschanged.
What an altruistic behavior on the part of Pure Romance and Sean !!!
Who then said good people did not exist amnymore?
LOL! LOL! LOL!
That's the best one I read on any board I even participated in up to now...
Good news for you my friend:
"Completed Merger, Very CONSERVATIVE EPS (PureRomance) of .04 = .60 share price. ULTRA CONSERVATIVE again, I will halve share price to .30."
Ridicule doesn't kill!!! (LOL)
"i will sell on the initial pop with merger news."
The way to go. If a merger was to be, some kids will throw in money one can take from them. Why not take it.
After a couple of weeks, one will have info on which to base an "investment" decision.
I was here first ... Ha! Ha!
LOL! Kid.
"Pure Romance is a successful and growing company with Revenues and Profits."
"If they started recklessly issuing new shares that would be against all the work they have done to get this merger completed"
1- The R/S of 10 for 1 was strictly an example and I have no clue what it will be. it could be as small as 1 for 3 (Pure Romance owners must get shares, or as big as 50 for 1 (Pure Romance may want to have small number of O/S so PPS looks serious.
2- To think that the current shares will not be diluted is ridiculous. your calculation of value of your shares before and after R/S is absolute correct ... IF NOTHING ELSE COMMES INTO PLAY (Pure Romance owners bringing a business and us (UVCL) only bringing a shell, you can bet that they will take ownership of most of the resulting company, and I mean most.
3- So they keep ownership of as much as possible of the business they built, they will issue millions of new shares TO THEMSELVES. This is not reckless, it's the way to do it.
Finally, holding very expensive shares myself, why the heck would I try to bash? All I do is try to discuss possibilities (I do not know more than anyone in here) and try to be realistic doing so.
In any case, I discuss fundamentals and volontarely discard technical argumentations, knowing darn well that some do try to play such a toy based on technicals.
GLTA but try to be realistic.
You better beleive that us little guys as you say will be seriously diluted IF THE MERGER HAPPEN (that remains to be seen and I do not hold my breath).
This being said, owning a little portion of something is better than owning a larger portion of nothing.
My HBRM share hit my account last night.
As of last night PPS of both, they are worth 5.16% of the value of all the ADVC shares I now own.
That's why they will R/S.
Assuming 1 for 10, O/S becomes 20,000,000 and A/S remains at 200,000,000.
In such a case, Pure Romance can get 180,000,000 post R"S shares before additional A/S becomes needed (unless they R/S again.
I wonder what these do mean??? MM's communicate that way between themselves. I wonder if that means they do not agree (LOL)
9:45:34 AM Ask 0.0006 10000
9:42:54 AM Ask 0.0005 5000
9:31:50 AM Ask 0.0006 10000
9:30:02 AM Ask 0.0005 5000
7:40:12 AM Bid 0.0005 5000
Obviously no one wants to buy or sell $2.50 worth of shares !!!
"let's hope not... RS don't usually work ..."
Let's face it, if merger there is, some (a lot) of new shares will have to be issued to the owners of Pure Romance.
There is no more A/S available with UVCL (O/S = 200,000,000)
So Pure Romance's owners can get shares, issuable A/S will have to be created and the way to do it is to R/S current UVCL shares. Remember R/S does reduce the number of O/S but not the number of A/S.
Tough to beleive some buy stocks and either do not understand the game or simply cannot read.
"JUST 8 MILLON SHARES OUTSTANDING, PERIOD."
True ...
... IF THERE IS NO MERGER AND A R/S. In this case the individual TOTAL VALUE of our shares remains the same (25 less shares, 25 times higher PPS).
False ...
IF MERGER THERE IS. In this case, Pure Romance owners will get shares (and a lot more than UVCL owners) in the resulting company. That's called being diluted.
Note: Reverse split doesn't change the number of shares authorized (authorized and issued are not the same ... in case you did not know.
Absolutely right.
However debating hypothesises is fun since know fact do not realy exist.
I also hope merger there will be, wild PPS growth there will be and I will be able to sell ALL my shares in the spike.
I may or may not buy in again a month or two later based on fundamentals.
In any case, with Sean, the merger plan could have been dead for weeks without us being aware.
Don't tell me !!! (LOL!)
Always assuming that merger there will be, a justification for a R/S in our case would be to generate space for Pure Romance owners to get shares (R/S doesn't impact number of A/S).
In the discussion we had, the hypothesis was that post the R/S we (current UVCL shareholders) would have (200,000,000/25) 8,000,000 shares and the current owners of Pure Romance would have (hypothesis) the other 192,000,000 shares (after all they own the business and we own a shell).
The impact of the value of our shares doesn't come from the R/S per se (obviously) but from the 25 to 1 dilution of our shares.
You however obviously do not understand that and I therefore return to you that:
"You either have little experience altogether, or you are a poor pusher."