Background is in Investor Relations and portfolio management focused on energy stocks. Always looking for opportunities to learn & share more.
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I hope you make out as you wish. I'm thinking there's two weeks to go before going ex. That's a long enough time for a new up or down cycle to emerge, especially in this erratic environment. Still, I hope we get some stability going forward.
Good luck to you in your investments!
Can you substantiate your sources of information that have you telling us USEI will be shut down by the Federal government?
You appear to be speaking from a position of authority, warning us to steer clear. That's scary.
Thanks for getting back.
Screaming opportunities rarely, if ever, last but a few minutes or even a few days. If CVRR were to rise out of the ashes tomorrow and maintain a steady upward bias for even a couple of days, I'd be jumping in head first. Putting cash in now is likely a disaster as has been the case for some time now.
Why are you bringing up calling a bottom? The only bottom I'm seeing is the bottom in my emptying wallet. Markets do what markets must. I do what makes sense to me. In order for things to make sense, I've got to see some semblance of stability. I'm not seeing it because it is not there to be found. Erratic market cycles corrupt the richest among us.
Credit Suisse is notorious for issuing positive remarks but usually the target stocks are those in which they have a vested interest. I'm betting they are CVRR underwriters managing the book for recent offerings.
As for paper losses? I'll tell you what---give me all your paper if paper losses are meaningless. I'll accept all denominations beginning with ones, fives, tens and so forth. lol
When something comes up and you've got to get your hands on cash---paper losses or gains become meaningless. All that really matters in the real world is the value of your asset at any given moment. Today's CVRR continues to erode on a quantum leap basis.
When I had to raise considerable cash in November to buy five acres of land contiguous to my existing small ranch, I knew I had to jump on it with less than three weeks to get the cash together. I sold stocks, some with gains, some without. I used the opportunity to unload some losers, knowing I'd receive some tax-loss carry-forward value. And while the proceeds were not equal to the originally vested dollars, they still contributed.
"Mark to market" is the only way for me to go as it recognizes today's value---not to be hidden by personal opinions refusing to embrace truth. It may seem to you that you are better off with your newer CVRR units but it could take a long time for you to get your money back through future distributions. Even then, what about distributions that may not be paid due to oil's downturn? We may get paltry returns. And current losses mean that you are mortgaging those future returns, if any, without receiving any benefit whatsoever other than for owning units unable to reward the holder.
Owning shares of something offering a reliable return on capital is usually a good thing. As shares lose value, returns dissipate and may disappear altogether in the case of an MLP with its variable payout structure.
Again, I believe it's a mistake t put money at risk in this particular MLP at this particular time. Better to do so when things show more stability and returns are at less risk.
I hope I haven't offended you in any way. My sole purpose here is to help people make profitable trades. That may require that I draw attention to unusual risks. I have made every mistake in the book, really. Lessons I've learned did not always come easily. Today, for example, I lost more than $9,000. I don't like that although I expect this down period will eventually reverse. For now, though, I'm feeling the pain just like most everyone else. If I've helped one person avoid mistakes I've made, then I'll know I've been helpful.
As you know I'm not in agreement with you on these recent purchases. Not to say I'm doing better, mind you---but having been burned too many times of late, I'm gun-shy. I nearly bought CVRR a week ago. On the 8th of this month it closed at $17.48. Today's close at $13.83 represents my would-have-been loss of 21%. Roughly one dollar of every five I'd have put into CVRR would be in someone else's pocket this very moment!
I'm a regular contributor to charity but not that way. col* (not lol)
*col= crying out loud
When it's so cloudy I can't tell where I'm going, I figure it's time to NOT venture out. When the market is so cold it hurts to contemplate frostbite let alone mounting losses, I'd just as soon put a match to my investable cash---at least that will provide a moment's relief.
You buy when it hurts? Why? I don't relish the thought of paying 21% more than necessary.
All shares become trading shares when the market bottom falls out. So long as we see profitability, we hold those shares. We will know when this energy situation begins to uncoil. That will be the time to take advantage of buying opportunities.
I hope you'll reconsider a bit and perhaps hold back before committing fresh dollars to what has been a falling knife of late. At the same time, I'd like to hear what it is that has you comfortable adding capital despite the obvious risks.
Not knowing how PSEC will be impacted by market turbulence such as we've been seeing in evidence of late, I can't say one way or another that your move today was wise. I can say that I was increasing my positions when shares were between $8.12 and $8.17. However, much of my 8,550 share position had already been accumulated, so I think you're doing just fine.
Would I do as you are now doing if I had dry powder? I think I would. The only caveat would be that I'd part things out without making a large deliberate move, given that market uncertainty suggests to me that there may be appreciable price drops ahead. So I'll suggest that intended accumulation totals be limited to no more than a quarter to a third of the anticipated outlay so as to capture additional opportunity. If investing $5,000, I'd break it up into three purchases of about $1700 each. This way I'd get the current price on a third of my shares and wait for tomorrow to see what develops next. Given that the market has been lower by a wide margin and stayed lower with just 48 minutes of trading remaining, I'll be surprised to find PSEC holding tomorrow. I think we'll see sub-$8.30. However, that wouldn't dampen my PSEC spirits in the least as I look forward to these juicy dividends every month. On top of that, this stock rarely moves widely in either direction.
In my opinion you're being a smart investor. By breaking future cash outlays into smaller chunks, you'll enhance profitability and get to enjoy the trading side as well.
Thank you for sharing!
Your honesty is so beautiful! I've always admired you for that.
I also enjoy seeing what others have to say and occasionally I will try to warn a would-be fool away before making the same mistake nearly all of us have already made.
If nothing else, this board is a diversion that stands to ease some of the pain associated with oil sector losses. Now, I'm extremely familiar with oil and gas!
Apparently you're confident this will be profitable for you so why not up your bid to .0002? Not only will that likely result in a completed transaction but you'll have thirty million opportunities to demonstrate your stock market prowess when shares do as some here seem to believe. I routinely up my bids when I see strong opportunity. Why not do the same?
What's another $3,000 in the Land of Fools as governed by Brian K?
I can't imagine anybody putting three grand at risk when just about everyone here has lost money on this pig-crap. I assume you are buying into the comments of just two or three folks on a message board of all things and not effectively getting the big picture, right?
All I can say is that if you heard it on the Internet, then it must be true!
Yeah, right! And FDMF is a perfectly transparent and caring company with many happy investors. April Fool's Day is approaching. And we're steadily earning the right to participate.
This is normally thought to be taboo but as the board's moderator I feel obligated to speak out regarding this stock in relation to the other MLPs in O & G.
I sensed more serious dropping yesterday (before that, too, as I'm betting most here did as well). CVRR has dropped even more than I'd predicted, I'm sorry to say. I continue to hold 500u at a very significant loss.
On the other hand, I've been adding to my NTI hoard today---first with 200u @ $20.80, now working on getting another 200 @ $20.30. I am absolutely rock-solid certain this pick will soon reverse direction, barring refinery mishaps thankfully uncommon to the industry owing to its association with hydrocarbons.
We all know that the refiners---logically---should not be dumped into the same ditch along with exploration companies, producers and companies comprising ancillary businesses such as are customary in the oil field support areas.
However:
The stock market is always logical, doing exactly as it must and therefore will. What's missing here?
We---the investing group---are miserably illogical! I'm guilty, folks. Guilty as could be, as a matter of fact, for I would have thought that by now, Joe Public would have reasoned things out and come to see that the disconnect between the pump price and oilfield plight would have self-repaired by now. Instead, it's gotten worse. And my losses are mounting despite having done some timely selling and moving into other investment area while waiting as the oil-consuming world comes to its senses.
I hope I don't offend anyone here when I say I doubt we have seen the worst of this slaughter of oil and gas---including even our beloved refiners. It is a mistake to assume any measure of financial safety when the market lacks stability. I saw gas at the pump yesterday at $1.89 in Texas just north of the Mexican border. Looking just now, I see the DOW down by 302 points and seems to be dropping still more.
This tells me loud and clear that it would be crazy of me to take anything for granted. My NTI fills at $20.80 and $20.30 looked fine earlier today but they are beginning to pale in today's waning light. Given that NTI has suffered less price collapse than ALDW and CVRR, I'm going to stand pat for now, nevertheless, and resist the temptation to add---even in the case of NTI which I believe to be the strongest MLP of the three. This market is yelling at me to get off the playing field until there's at least a little bit of clarity.
Earlier I said there will be flash fires erupting. There is not a chance in a million that global politics will fail to spur on skirmishes here and there as people find they must find ways to offset oil and gas revenues alleviating more usual sustenance insufficiencies. When and where this first comes to pass is not anything I can predict. But I am positive we will see people act out in unruly fashion as they attempt to wriggle free of the grip common to hungry, disenchanted and increasingly angry & confused souls.
Seeing NTI now at $19.97, ALDW at $12.65 and CVRR at $13.47, with the DOW now under the opening by 338 points, I'll say that the smartest thing we could possibly do is sew our pockets shut and open our eyes to non-energy stock picks.
To one and all, I'm asking that others chime in with their expectations. This is the perfect time to share personal experiences via ideas and often wise counsel.
Thanking you all in advance.....
Jugs
P.S While not a drinking man, this would most certainly be the ideal time to take up alcoholism. lol (Just kidding, of course.)
I'm confident I speak for all here when I say "Welcome!"
Make no mistake---most of us are sold on the MLPs. I'm the only one here to be expressing a sour attitude. But it's not about the MLPs themselves I'll rail about. Rather, it is how we investors (and the companies themselves)have been tortured due to an awful lot of confusion in the public sector. This confusion has thrown future refining profitability into the same bag representing fracking results, global demand & supply side issues and whatever else sat in the kitchen sink.
Yesterday I made a prediction regarding today's action, something I rarely do as my interest here is to be of service to the good folks here. In that light, I'll add to yesterdays remarks:
History has demonstrated that geopolitical flash fires erupt when there are seriously painful food shortages. These are sometimes exacerbated by short water supplies that induce famine. I smell smoke beginning to make the air of poorer oil-producing nations acrid. It will likely engulf areas extending well beyond the "infections" themselves. It doesn't usually take much to find the ignition switch and explosions will occur.
This typically will lead to political rearranging as in territorial boundaries. Sadly, it eviscerates cultural heritages and literally destroys national historical pride and confidence.
All this because of an increasing oil supply?
Not hardly! There's a whole lot of nasty politics underlying things now collecting in the minds of many, even some of us here.
So I lift my half empty glass in the hope that none of this comes to pass, lest the glass be drained.
Very well stated, indeed!
CVRR gave up 10.6% today. While I don't wish more of this pain on anyone here or elsewhere, I'm having a hard time expecting tomorrow to reverse our recent misfortune. My expectation is that tomorrow will have us dropping another 3-4% if not more. We may see units of CVRR at $14.22! If this proves correct, then we stand to throw money away on speculators scarfing up our investment dollars while they take their profits and run. We wind up holding the bag, putting it simply.
We have no way of accurately predicting the future in oil, certainly not when examining the next few months. Will the MLPs rise from here? Most probably, yes. Will they match recent run-ups as we come down the homestretch approaching quarterly guidance? My bet is no, we'll be left out to rot in the gutter.
Even if guidance favors the high side, I can't imagine unit pricing to move in stride with historical norms. Why am I so severe on this now? Simple:
Everyone knows that the dynamics have been so crazy extreme of late that while an MLP unit will probably rise somewhat, it can be expected to drop like a rock immediately following the announcement. That makes further investment right now---during this extremely hi-strung time period---truly foolish in my opinion. There's a time to invest but it is hardly when there's little to no visibility. I think to do so is totally nuts. And this is coming from a guy who ordinarily operates with about $300Ks in the MLPs we're discussing. I'm now holding just a third of that, having beefed up elsewhere and invested in land, too.
I hope for the best, certainly. I'm not counting on it, however, and I hope I'm scaring a few good people here before they blow their money due to conflicting opinions.
I'm with you all the way on this, Pete. But there's a caveat, of course:
Most investors long for a hedge of some sort that guarantees the sanctity of dollars we invest. With MLPs, it's the liquidatability that cushions us. Unfortunately, that no longer offers us much at all as the refiners are under the same assault currently bombing the entire oil and gas market. That said, then I think it prudent that we all exercise a bit of caution when biting the bullet and committing cash. Even these dirtier-than-dirt-cheap units are vulnerable. My CVRR cost basis is just $21.39 which, in normal times, might seem nicely positioned.
Alas and alack! These are hardly normal times, are they? $14.98?
I sold 150 units this morning, thinking I might be better off placing the money into a highly speculative biotech stock position I've been building. Little did I realize the precipitous drop facing my remaining 500 units!
It is unreasonable to stand on the street corner lamenting the oil drop, or even the disconnect between refiners and oil's supply side and related parameters. The fact is that the hedge we want as investors is always going to be defined by the opportunity to salvage respectability through liquidation. We do not have that opportunity at present. That makes the MLPs shakier than would be the norm and I believe we need to be very careful now.
NTI has held up better than CVRR and ALDW and I'm fairly certain it has to do with payout expectations. Regardless, I'm in all three, myself, and not about to abandon any of them. I merely wish to caution folks here that while we know the sun will rise tomorrow, the cloud layer may be so thick that we'll find ourselves unable to see it.
Good luck to all here as always.
At $19 we're looking at about a 9% gain from here in terms of capital appreciation---added to the likely 55 cents or more per quarter they will likely pay out.
Like you, I'm ok with this.
My shares have not yet shown up, two days past the date announced.
Wow! 50 shares traded---26 minutes into the trading session!
Is this your best idea? This isn't a diet, it's a study in starvation.
What do you like? Provide specifics, won't you?
Is it the massive debt? The changes in share structure? Or was it all about what management "plans?" What "will" happen---maybe, sort of, kinda in a roundabout way, you really think?"
Did you read the bulk of the document and then think things through? If you like the filing, share your insights, please.
You are undoubtedly 100% correct. Blame-play is a debilitating disease for which personal honesty remains the sole cure.
The larger issue surfaces when we look for "soul" cure. lol
I appreciate your sentiments, with respect to market moves as well as well-wishing for the suffering. You're making total sense to me.
Should shares drop back to $3 or so, I'll be adding as well. One of the neat things about this stock is how predictably it tends to move. Portfolio management is key to sleeping well.
Good luck to us all here and most especially---those who suffer due to a pervasive sense of disconnection to much of the world.
You work for Larson, right?
I've yet to see any reason whatsoever to justify taking a position in PUGE. I figure it's a one-person company. So he moved from one place to another? Wow! That's big news, isn't it?
Heck, I moved three months ago---will you invest in me as well?
I smell self-serving gyps here, pretending to be honest folks but working to enrich the CEO.
I'm watching, very carefully, I might add.
I'm thinking this will continue to run back to the previous high and perhaps break through $5 and hold. News is expected this month I believe---towards the end of it. That, plus April's blog entry of yesterday acknowledging benefits received through her CUR participation, add up to a pretty darned convincing case justifying a higher valuation. Why, on Dec.12 just a few weeks ago, I added 500 shares at $2.60! That's a 38% gain, rather outstanding. This is a stock that can really spell its own future in a number of ways. I hope for everyone's sake it works out.
What has anybody here believing that Brian is looking out for your pocketbook? This guy has already pocketed millions of dollars working FDMF. What on Earth has you thinking he's going to play god with you and look out for your welfare? How did any of us become so damned important?
This is a sick game some are playing here, leading others to plunk their meager dollars down into a drain that has benefitted just one person we all know and don't quite love for he's sold shareholders out.
No way are these stock boring! And you don't find them that way, I know. They bring their own rules of operation due to their tax advantages. But more than anything, they track---in their own way--- popular sentiments associated with oil and gas. As students of O & g, we tend to be somewhat more sensitive to changes and can be well positioned to take advantage of opportunities many others will miss. Case in point:
CVRR closed today at $17.22. The more experienced among us here know the stock is ridiculously underpriced. It may drop further, especially if oil continues its downward slope. But I don't buy into the anti-hype and have been buying all three MLPs---not to say my first buys aren't underwater for they most certainly are. However, through careful buys in moderately sized tranches, I expect a return to profitability is in store for me soon enough.
Prices in the oilfield are not the final arbiters when it comes to establishing longer term valuations for refining stocks. It is really that simple. But not all investors are prepared to move with complete autonomy, so the stronger among us will prevail.
Best of luck to all here!
What has you interested in this company?
I find it ironic that some are saying CUR is sharing the limelight along with BCLI. Point of fact, one is dropping back in search of a sustainable support level while the other (CUR) is peering out from its safety zone in search for reevaluation.
As for the CUR-run-up yesterday and today, I think it's a fairly safe bet that blogger April's missive just released has a lot to do with this upward bias. She is so amazingly blunt, honest and willing to suffer the travails of her deadly disease, one can only wonder what her source of strength is. I believe it is love.
Most who have read her latest blog entry will be unable to discount her substantial attributions given to Neuralstem. She speaks to efficacy, her good fortune to have been included in CUR's ALS program-study and so much more in an aim to enable others to understand the enormity of her disease.
Not to split hairs as I have little hair to split---but the $10 prediction is not from Zacks Advisory Service. It is from Jason's blog. Reading somewhat carefully, I find Jason's disclaimer to be quite specific in ruling out association with Zacks. He is in that firm's employ but he does not speak for Zacks.
This part of the disclaimer might be important to many investors here, especially those still on the fence and uncertain. I haven't checked Zacks to see if the company includes our stock offering in its rankings.
Thanks for your input, Pete. Always clear, open and honest!
I've got just about 800 u of ALDW, not my style to bother with such a small number of units. However, I must admit I'm reluctant to add, given that oil has exhibited a direct correlation to our MLPs in its downward spiral. What with oil finishing beneath $48 today, I could believe we'll see $42 before this debacle is over. If that should occur, then we're looking at a 14% sympathy drop in the refiners. That's a year's worth of distributions!
My inclination is to wait for at least a modicum of market firming before springing for "early" cash repositioning.
This is feeling more and more like a proxy in a way. We have little reason to view the MLPs as reasonably priced as their marketability is based, in part, on the price of a barrel of oil! This is ludicrous. In fact, we know that cheaper barrels of oil should translate into greater consumption at the pump & vehicle. Yet we owners/holders of MLPs suffer for no logical reason.
It has me thinking maybe we shouldn't bother looking at a resting heart rate/pulse or blood pressure reading---so long as our shirt buttons show movement due to breathing.
You said:
BCLI $$$$ This is like saying why bother treating cancer patients because they're just going to die anyway...and why should insurance cover the cost if they're going to die anyway! Very narrow-minded article imo. The reason why BCLI was granted Fast Track designation was because the FDA considers the results as clinically significant and this is one of the reasons why Analysts rate BCLI a strong buy.
How accurate this is! We'll do better by taking the "onion approach," imo. All it calls for is our bothering to look beneath the surface and peer into layers just a tad below. You've done that for everyone who finds surface evaluations acceptable & easy.
Excellent guidance from you.
It would be nice if we could look at the so-called award of shares as a step towards enriching us. However, Tony hasn't given us anything at all. We are receiving a pledge of 20% of money most of us have already lost---conditional on shares being worth something a year from now. This is not money coming out of USEI's pocket or Tony's pocket either.
Today's PR is meaningless, meant to demonstrate the CEO's follow-through. The problem I have with this is that the follow-through doesn't stand to benefit any of us with the exception of---of---
I'll let you guess that one. And while you're at it---can you figure out what the cost of these awards is? And lastly---where is the money coming from? Tony is a one-man operation, isn't he? Where is the Board of Directors in all this nonsense?
Also---Tony's commentary states he wishes to reward those in USEI for six years as well as those of shorter durations. I'd be really pissed to find shareholders of just a few days were getting the same rate of "reward" as I'm supposedly getting after nearly a year. Doesn't length of tenure mean anything?
I'm a sucker just like everyone else here.
You said:
Slowing the RATE of disease progression...
Reminds me of Congress taking credit for slowing the RATE of spending. The spending still increases, and the disease still progresses.
Will we really be happy if "poor Joe" takes 3 years to expire instead of 2? Let's hope they can improve the efficacy with larger doses and more frequent dosing.
No one will argue that our end goal is to eradicate human suffering. But please consider this:
Less than two years ago I was told I had a maximum of 18 months to live, much of it bedridden and wasting away with morphine around the clock.
Today I celebrate a year and a half of full life since that time---cancer-free. Surgery and advances in medicine played the primary role in my reaching this present state.
If those of us facing our likely end learn anything, it is that the struggle for every day is worth everything. How callous of anybody to suggest otherwise! If you had a bank of doctors peering down at you in your chair built for one, you'd quickly rethink things, I promise you that!
We of the living are so damned fortunate to have life on any terms whatsoever, you will not find many to agree with your shortsighted perspective. Not all are blessed with longevity but we must accept that we will all die in time. So if prolonging the onset of that closing moment doesn't occupy our first objective, then what does?
You're right. I meant to write $3.80 and must have been distracted. The market tends to overreact with harshness as you know. My intent was to caution contributors as board glee so often leads to cash dismay & decay. Actually, as I think about it, the pps right now would be a smarter entry or add point than had one gone half-cocked at the start of today's trading and paid the higher end point.
Just read through the PR and believe that the overall market situation concerning Greece and also confusion re. Germany's stance with respect to Greece are holding down deserved BCLI euphoria. I'm liking what I've read and am eager to hear the cc when time permits.
I'd be very careful about adding. I've got just 2,000 shares and can well afford to add, thanks to dry powder. However, my instincts are screaming at me to not be a jerk unless there's substantive news coming out on Monday to justify further financial exposure.
My concern lies in the fact that absent stunning news, shares will deflate immediately, running back to sub $3. We may not get in at the cheapest price point if on the heels of good news but I'd rather be profitable than proud of having gotten in on the cheap.
If the news from CEO Fiorino is what we want to hear, shares will immediately catch fire and probably not look back until above $10 or $11. If the news is not stellar, I predict the drop back might return to barely above Friday's opening bell.
It's so easy to find yourself overexcited by the whooping cries of joy on a message board, losing sight of reality.
Remember: Today's or tomorrow's $10 share is really a $3 share in disguise. And it's likely a temporary disguise at that. If news is great, that changes everything---provided there's a timeline offered by management. Anything less and I won't be trusting its veracity.
Meanwhile, I'm as hopeful as anybody here and greatly looking forward to tomorrow.
You might benefit from anger management counseling. Your ranting isn't earning you replies from the board.
BCLI is doing its thing because of events and interpretations and/or misinterpretations attributable to comments made by management. We all desperately wish for relief for the afflicted. Some here undoubtedly hope to become enriched by a rising share price. I'm in both camps.
By the way, writing in all capital letters is viewed as yelling at the reader. This is probably part of the reason your commentary is being ignored. All caps is actually insulting. Referring to pigs and jerks playing to traditional conspiracy thinking doesn't go very far, either.
There are kinder, gentler and more sensitive approaches available if you truly wish to help or share with some of us. I hope you'll reconsider other means to voice your concerns.
Thank you.
When a company puts out blurbs such as you've reiterated herein, you might want to take into consideration that the company is attempting to lead you down a particular path. The idea is to sell you on the corporate mission and/or specific merits.
Look carefully at each of the missives you've posted:
Are they polished or are there syntactic errors? Look at the grammar---do you see anything smacking of amateurism? Is all punctuation carefully presented without flaws? Not to boost my ego or anything of the sort, peer probatively into my writing and ask these same questions. I'm asking that you hold all you may learn about a company to the highest standard possible. After all, aren't we investors entrusting our money to the hands of those in leadership roles?
Your last offering contains an inappropriate apostrophe indicating a possessive when, in fact, there's no call for such. There are numerous other painfully inadequate representations.
This is typical of the sloppiness evident in USEI statements. I find it difficult to endorse any management unable to keep stride with me. Granted, I'm a writer, but does that excuse USEI writers from equal responsibility? I believe that smart business conduct begins with a comfortable manner of communication. Is it here?
This has come up before and been pitched accordingly to CEO Miller. I've seen no attempt to rectify the situation. I've been around here for nearly a year now. The pronounced lack of literacy has no place in professional business operations as it hints of insincerity and has me wondering if anything is, indeed, honest as delivered by management.
There will always be a purpose driving the hunter. Obviously you view Tony as the dog.
I view USEI as something akin to a wildcat prospect. You drill, you can't be certain you'll hit oil but you try anyway because you believe somebody will succeed.
There will be some who succeed in the retail side of marijuana.
Others will merely suck seed.
It's too early for me to project a winner here.
Does that explain your vehemence?
That is gracious of you so I thank you.
As it happens, I'm finally ahead by about $300, not exactly an acceptable profit for me, given the months and months of holding.
Still, I'm hoping for some sweet revenge next week when naysayers will be on the retreat if our CEO's prescience is on point.
As a senior, I'm tickled just to be witness to radical movements from which relief may, indeed, spring forth on wings of hopefulness. So many are less fortunate than I, sadly.
My best to you and all involved here in the coming year.
I'm hardly happy with USEI also. But I don't harangue everyone by puking my anger onto them in daily rants. I find such behavior worse than deplorable.
Tony does as Tony does. We do the same thing. USEI will move as it must, based on his actions and ours as shareholders. I don't see incessant anger becoming a useful tool. As a matter of fact, it might just destroy the pitiful remains of our original investment dollars.
Most of us here like to manage our investments without unsolicited help from those in need of anger management. I doubt more than a few are pleased with Tony but this might change.
Can you file those fangs a bit? I'd appreciate it.
You've hit the nail on the head. Reading through the filing the other day, one is struck by the fact that there is but one name associated with FDMF and it's none other than our own, sweetly self-serving, BK.
There is a key approach one might employ if caring to challenge his remark, however:
Show me how shareholders have been enriched as of this moment---over the past year!
Words are easily come by, bad results are all over the place and good results must be hiding in the indefinable future under a rock sitting in a garden on a property owned by one disreputable CEO.
It appears we're being treated to a rehash via copy & paste actions. One of my own follows:
According to Anthony Miller, CEO, "For the second year in a row we have decided to award all of our loyal shareholders with this additional stock because they have stuck with us through our new transitional phase; to now where we see some growth and significant optimism
I've been tipping the wait help and floor sweepers at my favorite food haunts this week. It is my way of thanking them for their hard work. It means I take a one or five dollar bill out of my wallet each time I want to reward a worker who enriches my life through his/her labors.
Mr. Miller is most certainly NOT taking anything out of his wallet. He is planning on taking money out of MINE and will then call it the result of having "decided to award all of our loyal shareholders with this additional stock because they have stuck with us through our new transitional phase" but he fails to mention that these awards are coming out of planned dilution! That means I am paying for my own award! Yuck!!!
Since when do shareholders even deserve recognition for loyalty? Investors don't join stock-buying clubs in the hopes of qualifying for awards! We place our bets on good management, products and/or services. That's it, nothing more! Investing 101 does not include references to awards and loyalties. I know this. Mr. Miller knows it. The difference is that he doesn't fool me.
Good management won't thank shareholders "because they have stuck with us through our new transitional phase;" It is the responsibility of all shareholders to know the investment vehicle, study it throughout the ownership period, and take all necessary actions that will bring about greater understanding of management's goals, mission, business plan and personal character.
I've witnessed these so-called "awards" numerous times before. They usually smack of deception. It may not apply today to this particular stock but it sure has this investor on high alert.
I'm also having a difficult time seeing "some growth and significant optimism"---where is it and by what metric system do we measure It? I've heard there were a few tweets and email exchanges here and there but I haven't any earthly clue as to whether these were at all legitimate. Real press releases are usually honest representations for the most part---largely because they are official documents approved by management. I know this as I wrote many press releases during my career. PRs can be valuable because they are admissible in court as evidence,not hearsay. Tweets are hearsay, imo.
The only optimism of which I'm aware seems to be coming from Mr. Miller himself---something I'm disinclined to believe. He certainly stands to gain if he can convince us to invest more in a vehicle likely to enrich his own pockets. Fellow investors never seem to have joy to express due to having invested here. Quite the reverse is in evidence, isn't it? I see nobody excited.
Lastly, that reference to transitional period? From what? To what? What concrete evidence is out there attesting to USEI's having moved from one business model to another?
Forgive me but I'll say "Thank you!" when I've been enriched. Meanwhile, I've lost most of my original investment and now I'm being told I'm to receive a 20% return more than a year from now? 20% of nearly nothing is insulting! It's $100! This week alone, I've given more away than that just in tips!
For the record, I have no problem with having lost money in any stock I personally select. I will challenge any CEO insulting me through his manipulative arts. Mr. Tony Miller may not be a CEO of that lowly caliber. And I hope time will demonstrate so.
For now, however, I'm in limbo as in up a tree. You can bet your sweet ash on that as it's oak with me. What the elm!---just leaf me alone with tweets---I want to see the share price rise to a penny and a half. That all I want here.
One of the advantages he can enjoy is opportunity to work the audience for any of the other companies in which he plays a role of any sort. He can let FDMF rot on the vine for now until disenchanted shareholders have left for other horizons. It costs him nothing and time then diminishes negative memories coming from those who lost money. Attitude is of paramount importance so it's necessary to distance the CEO and his ugly reputation from today, knowing people forget quickly. He needs us to forget so that we don't soil his next (new) litter box). Meanwhile, he gets to romp in the next game of his. And it most definitely is a game.
Wall Street has NEVER been known as a place where morality lives.