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I've been trying to buy at bid. Been getting a few.
Let them whack. Will move up big on news thats coming.
Could be.I'm keeping close watch on SOS and SEC.
UAMA- New York Telecom Exchange, Inc. (f/k/a United American Corp.)
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7776866
I still have a close watch here. think when filing hits it will run.
News coming! It will set matters straight.
Watching pacer daily for updates.
UAMA -News out this week on merger. Will be very interesting. .10 ++ coming.
I'm sorry I did not get float i was so excited to talk to Mr Lawry Trevor-Deutsch I forgot that part. You call him he'll give it to you.Phone: 514-313-3424
Uama. Bid building will run then open big tomorrow!
Confirmed outstanding of 51,079,985 has not changed and A/S only 200 million.
Have not had time to call but will shortly. Looking for news anytime now.
I plan to call Trevor-Deutsch Lawry today when I get back around noon.
All the paper work is being done for merger. Thats when you buy before the news hits. When news hits the wire I think this will be .10-.15. Yesterdays volume told us that. It look like one big buyer accumulating and they usually hold for a big run. Not Ihub they have not even picked this up yet.
I'm still here will be buying on dips accumulating over next few weeks until news comes. I know for a fact the shares stay intact here. No doubt it will run at some piont! I watch pacer daily. That is when I'll hit ask.
UAMA- Under radar 50 million outstanding merger in progress. Highest volume today all time and few on I hub in. Guess you guys will start buying at .10.LOL
Contacted their transfer agent Interwest they are still thier agent and they told me they will email me their current share structure including float. Should have it tomorrow.
Management
Chairman of the Board
President / CEO Lawry Trevor-Deutsch
Chief Financial Officer George Metrakos
Chief Technology Officer Benoît Laliberté
Head Market Maker Richard Kessler
Product Development Benjamin Lawetz
Network Operations Center Maxime Brazeau
Clearing House Denis LaManna
UAMA- Highest volume ever and not ihub because no one is posting it. I'll buy on dips but seems when news and details of merger comes it will run big. Thin to .40
Who ever did all that buying this morning seems to have got a good chunk of the float. 1 mm @.024 2@.025 then .40
Pretty safe range to buy. Will probably stay between .01 and .02 til next filing or news then we move big.
Outstanding 52 million As 200 million anybody know float?
The reason you know its not ihub hardly any post on it. I made one post on BB it was ignored.
uama-looks like a run is setting up for the week. I see no post on it.
http://www.sunbiz.org/pdf/00011350.pdf
Go here and you will see they are in the process of rm.
http://www.sunbiz.org/pdf/00011350.pdf
Zen- Why not be mod?
I will post as soon as por comes out. EOM
Point is they have been private like any other company before reverse merger.
I would not say it was an error. It has not been announced yet about them going public. Think that is why you have high volume today. The filing caused people to DD and they are expecting more news. I bought a few Friday and this morning. Looking to buy more.
What a dip. Good buy on that 400k.
We will see more news soon with sale final. I say we move between .05-.06 before news.
The filiing on pacer on Friday was:
580 Filed & Entered: 03/04/2011
Witness List and Exhibits
581 Filed & Entered: 03/04/2011
BNC Certificate of Mailing
582 Filed & Entered: 03/04/2011
BNC Certificate of Mailing
No doubt this is ground floor because its been trading between .01-.02 before this 8-k. Think it will work its way between .04-.05 . When next por comes out that will make it move. That should be over the weekend.
Shell with 4 million cash and no debt is worth a lot more than .02. Of course the key is any merger partner.
It says one was filed today but it has not showed up yet. I'm going through the filings now and noticed some are not posted until late so I'm thinking it show up late today. I will post all of it as soon as I get it.
09-32943-MER Rancher Energy Corp.
Case type: bk Chapter: 11 Asset: Yes Vol: v Judge: Michael E. Romero
Date filed: 10/28/2009 Date of last filing: 03/04/2011
I calculate 4 million cash plus a shell with no debt. Eom
From Jan POR-
Rancher estimates that general unsecured claims will total no more than $1.3 million.
From pacer filing.
Estimated Value of remaining property after paying all claims max $ 4,205,669.95 min $ 1,011,600.95
Under their old plan they planned to keep their shares intact after doing 15-1 rs. Proof below. Which was still pretty good for current shareholders because they would get 20% 0f new stock. Now with this sale they do not have to issue new shares because they have cash to pay creditors plus between 3-5 million left over that is why the 8-k is big. Next pacer filing will make it clear.
Old plan from Oct 21 8-k
"Rancher is a publicly traded company (ticker ID: RNCHQ) and has current outstanding common shares of 119,036,700 out of a total of 275,000,000 authorized shares, par value ($0.0001) each. Rancher also has reserved 54,632,565shares for outstanding warrants and 12,206,000 for options for a total of 185,875,265 shares. Thus only 89,124,735 shares currently remain available for issue. Rancher's Plan implements a 15 for 1 reverse stock split for all common shareholders and option holders. Warrant holders are provided common stock based on the reverse split and the deemed current value of the warrants. Rancher anticipates that a maximum of 20% of the common shares of the reorganized company will be available for distribution to holders of common stock, options and warrants."
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7511885
How long does it take to see a pacer filing once it is filed?