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your broker hasn't updated then. I see it as UCSO at three places now..
make that 4:
http://finance.yahoo.com/q?s=UCSOD.PK
Changed Ticker Symbol
UCSOD.PK is no longer valid. It has changed to UCSO.PK.
ticker changed back to UCSO now, D was dropped it appears. so maybe a name change/ticker change is up next
looks like you were right.
Its the sector. Some others have done extremely well.
Look at this one in the same sector:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=cmsi&sid=0&o_symb=cmsi&x=45&y=17
I'm going to make a wild guess, and assume they would probably like for this to be around $1 or $2 a share, while the OS is still only 3.3m shares to help them place equity financing, and to make it more palatable in price for the amex or small cap naz.
someone took a large position today, inspite of the spread. pretty interesting watching this one.
a couple of times today the ask went to .05
lots of buys at .025 today. volume increasing
someone paid .55 for a few shares.
awfully strong. news must be coming, or something is happening. market makers have bounced it easily so far.
nice bounce continues. glad I bought the dip a few days ago
it keeps going up. bought this weeks ago, on some PR, and whenever i'm tempted to sell, it just goes higher.
nice chart bounce
Marijuana, Inc Formerly Preachers Coffee Announces Name Change and 420 Friendly Resorts Division
LAKE COUNTY, CA -- (Marketwire) -- 05/26/10 -- Preachers Coffee, Inc. (PINKSHEETS: PCIO) changed its name with the State of Colorado to MARIJUANA, INC (http://www.marijuana-incorporated.com) and submitted to FINRA for a new trading symbol. The decision by the board and a majority of the stockholders included Bruce Perlowin taking over the company's leadership. Marijuana Inc has already entered into an agreement to own an 80 Acres "420" Golf Resort through a Subsidiary Company to be formed and named National Canna Corp. Marijuana Inc is still in the business of selling the Preachers Coffee brand (and the acquisition includes an operating coffee shop in Lake County, California) and separately, other merchandising rights licensed to Marijuana Inc by Medical Marijuana, Inc. Marijuana, Inc is one of the first to become a part of The Hemp Network.
Bruce Perlowin stated: "With the pending vote in November in California for Marijuana to be legalized recreationally, the counties in the Emerald Triangle of Northern California as featured in the CNBC documentary, 'Marijuana, Inc' are greatly concerned regarding the impact on their major cash crop. Emergency meetings have been held in this region to discuss their economic future. The consensus of opinion is to create '420' friendly resorts similar to the vineyards and wineries in Sonoma and Napa counties. Michael Lawrence, the founder National Canna Corp, a visionary that realized this trend more than 1 year ago began developing a '420' golf course, and lake front resorts, now as a division of Marijuana, Inc. Marijuana, Inc intends to be the dominant developer, spearheading a variety of 420 resorts in Humboldt, Mendocino, Lake, Sonoma and Trinity counties. These 420 resorts will include cannabis gardens with hundreds of different strains, accommodations, restaurants, tours of the local areas, including legal cultivation models and 420 educational programs, with other traditional tourist attractions and events." Updates on the activities can be seen at Twitter -- http://www.twitter.com/marijuanainc -- mostly followed by members and associates of The Hemp Network.
Forward-Looking Statements:
Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially.
Preachers Coffee Inc
333 Washington Blvd.
Suite 362
Marina del Ray, CA 90292
http://www.marijuana-incorporated.com
http://www.twitter.com/marijuanainc
E-mail: info@marijuana-incorporated.com
News is out
reason i'm interested in watching this one, is the sector its in, is the same as this company
http://www.google.com/finance?q=NASDAQ%3AINET
info on their management, not your usual pinksheet type of company at all:
http://www.webyes.com/management.aspx
WebYes! Management Team
Brett Cravatt - Founder & CEO
Brett Cravatt is the founder and CEO of WebYES! Most recently, Mr. Cravatt served as the Chief Operating Officer and Chief Product Officer of Vendare Media. Mr. Cravatt was responsible for Vendare Media’s P&L, and was the overall architect for the company’s product offerings. He directly oversaw product management and development for Vendare Media’s lead generation, email marketing, and display advertising products, as well as its Internet search and direct navigation products. Vendare Media’s online marketing revenues grew from $6MM per year to over $125MM annually under Mr. Cravatt’s guidance. Mr. Cravatt joined Vendare Media in March 2001 via the acquisition of SportSkill.com, a fantasy sports software company co-founded by Mr. Cravatt. Prior to SportSkill.com, Mr. Cravatt was a corporate securities attorney for Loeb & Loeb, LLP, where he handled various corporate matters for start-up company and Fortune 1000 clients. At Loeb & Loeb, Mr. Cravatt advised clients on corporate securities matters including public offering registrations, and general corporate matters such as strategic alliance, merger, and license agreements. Mr. Cravatt holds a Bachelor's degree in Political Science from U. C. Berkeley and a J. D. from Stanford Law School.
Jimmy Bizzaro – Chief Technical Officer
Jimmy Bizzaro has over 15 years’ experience as an engineering professional, developing innovative technology platforms and solutions for online and offline marketing companies. Known as “Mr. Database,” Mr. Bizzaro currently serves as the CTO at WebYES!, where he focuses on the production and delivery of sophisticated lead generation and email marketing solutions and platforms. Mr. Bizzaro has a strong background in the design and architecture of large volume database and data warehouse implementations. Prior to joining WebYES!, Mr. Bizzaro was the Director of Database and Email Operations at Vendare Media where he spent six years designing and building the backend database platform to support all applications across the various businesses. Mr. Bizzaro was in charge of company’s data protection, disaster recovery plan, and security for the technology group. Mr. Bizzaro also managed the technology implementations for the email marketing division, yielding strong results for delivery and volume. Previously, Mr. Bizzaro worked for R.L. Polk, where he managed reporting and data warehouse implementations for Fortune 500 companies such as Disney and Apple Computers.
Thomas Bruck – Vice President, Publishing
Thomas Bruck manages WebYES!’s advertising network. In 2000, Mr. Bruck founded SportSkill, an online fantasy sports company which engaged in a joint venture to run fantasy sports backend for FoxSports.com. He and his partner sold SportSkill to Vendare Media in March 2001. In February, 2003, Mr. Bruck launched eMarketMakers, an online affiliate ad network as a subsidiary of Vendare Media (now part of Epic Advertising). Under Mr. Bruck’s management, eMarketMakers grew to over a $50mm annual revenue run rate within 15 months. In May 2006, Mr. Bruck left Vendare Media and joined FindYourCustomers which focused primarily on lead generation for sub-prime verticals. FindYourCustomers was acquired by WebYES! in November 2008. Mr. Bruck is a CPA and earned his JD from Stanford Law School. He originally graduated Summa Cum Laude from U.C.L.A. with a B.A. in Business / Economics. Thereafter he worked for two years as a CPA doing audit and tax work for Deloitte & Touche, LLP. He then obtained his JD at Stanford Law School and obtained his Bar license upon graduation. Thereafter he worked as a corporate & securities attorney at Manatt, Phelps & Phillips; LLP.
Matt Minich – Vice President, Operations
Matt Minich is the Vice President of Operations for Lead Generation at WebYes! LLC. He is responsible for the optimization of current lines of business, development of strategic clients and processes, management of integrated client solutions, new product development, team building, and managing the P&L. Matt joins the WebYes! team after spending four years as Chief Operating Officer of ad2 inc., one of the top interactive agencies in Los Angeles. Matt managed all aspects of the business at ad2. Specifically he developed processes that allowed them to experience 10x growth in revenue and personnel during his tenure. Matt played an integral part in the acquisition of clients, scoping of projects and leading on the design and implementation of award winning internet applications and web sites for Bose, Sanyo, Disney, Miller Brewing Company, Zildjian, Grammy.com, Mattel, Pepsi, and many others. Matt holds a degree in computer science from Bucknell University in Lewisburg, Pennsylvania. He is currently completing his M.B.A. at UCLA’s Anderson School of Management.
I bought this news today.. very interested in this space.
right. they'll need lots of news in order to drive enough volume to complete s8s etc.
not planning to put any of this under the mattress..
will just follow the news for a while and see what happens.
if volume exceeds dilution price goes up
if dilution exceeds volume price goes nowhere.
I see an s8 500m, 4/30, so maybe that is about half sold through so far today
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6920360
says no reverse split
sorry bud, it happened to a lot of us here, the only difference is we understood the disaster earlier at the time of the reverse split announcement, from experience in other stocks where this has happened before.
as I had mentioned previously here, in over a decade I can only remember once when the existing investors weren't pretty much reduced to no interest in the new venture after a R/S as big as 1 for 1000.
the unfortunate part, is there was a great share structure here, and if they had respected that, it would have worked out better for everyone, themselves included.
and you are right, it absolutely impacts things going forward. you make a lot of existing shareholders very unhappy, and they remember it for a very long time.
it does happen. thats what happened with SIVC when it moved from .000s to 06s
beats a zero, right?
yes, timing is everything. the market sold off bigtime today, and everyone was throwing the baby out with the bathwater. I agree with you, had news hit yesterday, when the stock was solidly positioned 4x4 0004x0005 and market conditions were favorable overall, we would have tested that 0006 level and had a different outcome than we had today.
a lot of people think that bulletin board stocks aren't affected by the big boards, but I would beg to differ.
Just one look at my screens today, and people were selling off everything. some folks do trade both big boards and micros, and if enough of them need to raise cash, it puts pressure on all the tickers across the board. plus you have the market makers who are also affected by all the trends across the board.
perhaps people will remember even just a month ago, we had a lot more big runs in the microcaps when the Dow was hitting its peak, than we have today.
its all connected.
ok, but buy up what? there arent' any shares left to trade in the float. as I recall, even fully diluted, which I don't believe it was, it was 75m shares OS, which would make for 75,000 in the float. We were all guessing the total float was at most 5 to 10m shares presplit, which would mean 5 to 10,000 shares in the float post split.
seems like there is going to have to be some dilution to even get this to trade again..
after the last 1 for 1,000 reverse split, there can't be more than a few thousand shares left over from previous share structure.
whoa,that's great!
yup. and $330,000 market cap at the moment... at 10 cents. so I'm assuming dilutive financing is on the horizon some time soon.
so I'll watch. but not betting the farm like last time that's for sure. lost that once already.
I bought in April (saw PR), a few to see what happens..
just a lotto try. who knows.
how long has this been on greysheets?
here is what pinksheets.com shows:
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=ucsod
Estimated Market Cap
$185,163 as of May 19, 2010
Outstanding Shares
3,366,600 as of May 12, 2010
Authorized Shares
275,000,000 as of May 7, 2010
Number of Shareholders of Record
125 as of May 7, 2010
we know the OS don't we? didn't someone post info from the transfer agent? 3m million something?
I just bought 5,000 at .10, 5million shares presplit...not even sure there were that many shares around presplit. so does this mean dilution has begun now?
same here.... I just couldn't imagine that they would approve it, but.. I was wrong.
we had a trade today at .10 so lets do the math.
1 million shares presplit,is now 1000 shares post split.
1000 shares x .10 per share is $100 bucks...
some people paid up to .10 per share BEFORE the RS!
so they have 1/1000th of their equity left.
and imo, was it not only not necessary, it was not smart. such a perfect share structure it had for liquidity BEFORE the reverse split.
its too bad.
"equates to over $4 million annualized revenue for ImageXpres"
nice! "Overall Average: 88% Buy"
"The world’s driest place, the Atacama Desert, receives only 0.04” of rain (0.2% of the 16.5” that Salt Lake City sees each year). It is located in northern Chile and covers about 40,600 square miles of land.
While the average amount of precipitation is 0.04” for that region, some weather stations in the Atacama Desert have never received rainfall. Evidence even suggests that the Atacama may not have had any significant rainfall from 1570 to 1971!"
http://www.abc4.com/content/news/state/story/Weekly-Weather-Wonder-Driest-Places-on-Earth/edsMLVlwg0KVm9LRFrLFew.cspx
not me
I added 0007s on the dip today, glad I got filled on the bid.
I'm just gonna hang on and see what happens...
dips again, I'll add more.
unbelievable