Background is in Investor Relations and portfolio management focused on energy stocks. Always looking for opportunities to learn & share more.
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interesting to find this a slow board. Just started a position this week, took an immediate hit and now am slightly green.
There's sufficient news on this to warrant a closer look, imo. And the pps is obviously traveling upwards too. Let's hear it for momentum!
My opinions only.
Congrats on joining us here and bringing others with you. USEI promises to enrich those of us prepared to weather a few nervous twitches. I'll accept the anxiety any day and love the pot at the end of USEI's rainbow.
I think our volume in USEI was great today in part because ERBB's notoriety from last week's news coverage added to USEI's stature.
Folks who aren't familiar with our company may be thinking that we are also important in the coming months because ERBB is open to working together.
USEI is going great, imo!!!
You're making some good points and helping by connecting dots.
Thanks for the help.
For me the jury is out. The CEO's background tells me he's more than capable. Reading many of the posts here, I'm not convinced the CEO has the shareholder's concern at heart.
I spent $800 for a million shares, it's worth a shot in the dark if only for fun. Right now, anything attaching itself to the MJ scene may yet have its fifteen minutes of fame.
So I say good luck to us all!
I'll take today's USEI action any day---it sure made yesterday's buy at .0053 look great!
Best of luck and smart business to us all on the board.
I'm also new to this ticker and board. Just took a position today.
CSA looks like a legit company based on its website, not more.
It is privately held.
I doubt we'll ever know the depth of the equity stake put up by FDMF. The number doesn't seem to be out there.
Whether or not CSA becomes publicly tradable remains to be seen. However, my investment in FDMF doesn't get me a seat in CSA's theater.
My background is in Investor Relations; I was the IR Director for a couple of energy companies. Any sound PR will always include a positive quote from a higher-up management person from both sides of the equation. It impresses people, makes things appear kosher.
There are currently 2.6 billions of shares authorized and outstanding.
I haven't seen anything connected with reporting the company's financials. Given that this company has been around about five and a half years and shows no SEC filings at Ameritrade, I doubt compliance as a fully reporting company is in the cards any time soon.
I wish I could give you more but this is my first dance with FDMF.
All comments herein are based solely upon opinion & not more.
Good luck to us both!
When I make money in a stock, I couldn't care less if there's a worm in the pudding. I don't have to eat it.
It is kind of you to explain to early birds how it works with penny stocks. They are often afraid because it's hitting them that they don't have control over the company---but they do get to manage their money.
Or do they?
This is sometimes pretty scary stuff we do...calls for lots of nerve and good instincts. Intellect and sound investigative tools should never be discounted, either.
My opinions here, nothing more.
Your premarket order cannot be executed during premarket hours. Only brokers can trade this stock prior to regular daytime trading. Ditto in after hours trades. Marketmakers are at the helm collecting shares expected to be sought in the coming day's trading activity.
Brokerages are not usually responsible for the execution of a trade once it's entered electronically. This is possibly the greatest advantage in our dealing via discounted brokerages in that we---not they---get to enter the information pertaining to our trading activity.
Hope this helps!
My opinions only in the statements above.
I feel your pain but just to a point. I added a big bunch of shares today in the knowledge that I'll be richer to the tune of $35,000 from every penny USEI rises above .0067. I love the odds!
People need to keep in mind that at least some of today's pot-shots will make it. Within a couple of years this will be a serious industry employing many workers from sales to maintenance to marketing to vending to accounting to medical personnel and much, much more. And let's not forget the guys making cookies, those ubiquitous cupcakes, candles and other goodies.
And behind all the impetus will be taxable considerations to support medical needs, education, charitable roles and probably highway construction which is already tied into Federal education.
This move into a formerly verboten product will happen because it must. And it must because it promises to save a lot more people and their causes than beer & wine and snooty, insensitive prudes.
So I ask myself: " Why not USEI?"
And now I'll ask you: "Why not USEI?"
My opinions only in the above.
That raises questions in my mind as to how wise it would be, given that our nibbles competition will include some very accomplished bakers with nicely crafted recipes. Nobody has any business diving into the public food biz without suitable credentials, equipment and Dept. of Health clearance to place home-made foods on the market.
My thoughts only.
I love your spirit but have to remind you that PR's cost money. They never make money. We're not going very far in terms of share price until we clarify just what the business model is to be. Following that we've got to make clear who our partners will be as well as income streams moving in either direction---aka terms of the deals.
Sure, a PR from Tony will probably raise the shares short term but it won't mean much a few days later. If anything, I think we're holding up better than some others because there's a heightened sense of excitement due there not having been a recent spate of fluff messages.
My opinions only in the above.
glenview1022: I'm pleased to inform you that I am the first to officially "follow" you!
Looks like I'm your first follower so you can now jump for joy. I signed up because you don't bullshit but, instead, say it like it is.
People don't want to hear painful truths. My background is in Investor Relations and I answered to the president and chairman of the companies. My job was to analyze and report my findings to the public once cleared by my superiors. So, I've had a lot of exposure to distortions and clever disguises.
I like your courage! It remains to be seen how accurate you are but at least you've got the courage to stand alone and speak out.
For what it's worth, I'm tempted to pick up some shares to put away for the indefinite future. I'd held 20,000 shares, lost about 40% of my $900 gamble and sold this morning. Without access to the company's patent portfolio, it's impossible to gauge any future potential. But I do know that we're on the cusp of an incredible change in how society views weed. At least some of the daring first generationers will mark a trail forward, even if no more meaningful than a dog squirting on a hydrant.
Best of good luck to all here and don't count me out just yet.
Ameritrade refused my attempt to start a position in this company, citing the "chill." Twenty-odd years of investing for a living and I'd never run into this before. More interesting is that I'm a fairly high dollar client of theirs. Their position is that house rules cannot guarantee trade charges will be satisfied, thus refusal to execute.
Not sure what to make of this. And no, I won't switch brokerages.
Great response!
Thank you.
I wonder if you would define "one big investor" for me? I really have no idea as to what typical position sizes are in this stock.
Thanks.
What had you been expecting?
The most conspicuous item that defines the US oil trust from Canadian trusts has always been Canada's permitting their domestic trusts to reinvigorate asset bases by drilling new wells and making other production enhancements. Contrast this by the US rule that trusts (domestic) for us Americans will not be permitted to build the business. The basis for differentiating a US royalty trust from a more traditionally taxed/taxing corporate or MLP entity comes into this, obviously.
I'm not convinced that BP's explorative methods and means will necessarily impact on BPT unitholders' fate. Keep in mind that BP does not own BPT's assets. The fruit fell from the tree long ago and is required by law to play itself out however kindly or not the environment should be.
I wish you could be right but I'll have to see supportive statements from BP TRUST itself before becoming a believer.
Thank you for jumping into the ditches with me! I hope you can bring this further along.
I'll envy me too---when shares return to my .007 cost basis. Right now I'm just another doggy drinking out of "that bowl" with a silver handle and not a spoon. lol
Perfectly stated! Maturity will ultimately rule here, I'm convinced, and yours is showing vividly. I like that!
When people express anxiousness due to languishing share prices, I figure they aren't thinking along conventional lines of investment theory. After all, what do you say when someone asks you what line of work defines USEI. Truth be told---none of us knows what our company is going to be doing, certainly not for sure!
There may be room for money to be made now---before the business model is announced---as a result of "playing" other investors. That's a game I'll call "vanquish the dummy."
I find it repulsive and cold. That doesn't disqualify it, though.
Then there's the other approach wherein we investors get behind the CEO and support him in the quest for a defined business model and subsequent moves to create a working model capable of creating a worthy and sustainable cash flow.
We all choose according to what works for us. There can be no right or wrong for it's always going to come down to opinion as you'll find herein above.
I'm watching the share price like a hawk and expect to be adding incrementally on sizable dips. I'm not interested in trying to make a few bucks by selling in the one to two cent range. I'll be a seller of some shares when they rise as a result of the business's ability to generate profits.
We sure have a lot to be excited over, wouldn't you agree?
And June could really open things up a lot.
I envy you!. My 3 million are at .007. You can't lose!
We hope we have great news on the way. Of course that's true. But we haven't a shred of concrete evidence in support of that conclusion. As a matter of fact, if we speak only in terms of things entered into fact, then how do we substantiate that USEI is now or ever will be operating in the marijuana industry?
We do know that our CEO has indicated on numerous occasions that we will be in the hemp business, we'll be selling pot-infused goodies and related products and it is hoped that we'll also be participating in the agricultural side of hemp along with biodiesel and building product possibilities.
And we know that Tony Miller is on record as wishing to see our company off the pinks and moving up to becoming a fully reporting company in the SEC's good graces.
Also, there have been indications of flurried activity involving Tony, LumberDok and Zev(from our Investor Relations partner responsible to helping to guide us and better-connect us in the State of Colorado). And numerous kind-hearted shareholders have offered eye-witness accounts for our betterment.
Now, this is all to the good. And the record will show I'm unquestionably in USEI's corner. Where I'm not comfortable is arguing that certain goals will be reached when, in fact, nothing of the sort is engraved in stone. This places incredible emotional responsibility on management's shoulders. I hate to think about how difficult it is for any business leader to carry investor's fates in his hands. So, then: What is fact?
According to our CEO plus others named above, management has been extremely active in seeking out evidence that may point the way towards smart investments on Tony's part. He is not using my money to finance this because I didn't purchase my shares directly through a company offering/placement. Thus my shares are recycled, having belonged to any number of previous "others.". These shares will likely become helpful to the company at such time as we reach compliance status and I'm invited to vote on corporate issues. For now, I'm used clothing in a rummage sale.
We've been brought to understand that Tony has unearthed some seemingly worthwhile opportunities that may become founding interests in our company. How these pan out remains to be seen. I am hopeful Tony, Zev and others will make good choices and we'll soon see our young company move forth by generating seeds of interest destined to create cash flow.
Between you folks and me, I believe the past two weeks speak volumes to Tony's credibility. After all, he could have done what many pink sheet companies do---he could have said anything just to motivate investors to place their bets as though in a betting parlor or at the track. Instead, he's waited and will perhaps delay public commentary yet longer. I'm good with that because there is no way the Company can become instantly profitable. However, for me it all rests on the business model Tony presents to us. I'm not looking for twenty freshly drawn associations with lots of hoopla and hopes. I'm hoping for at least several initiatives demonstrating organic connection that will knit an enviable fabric. This could be an interesting combination of business ventures. I expect so. I'm hoping our business model will exemplify some good ideas coming out of the marijuana era.
There you have it---my opinions. Beyond that, I've got around $21K invested in this. When it comes to pinks, I normally limit myself to $4,000. I can't explain why I broke with convention in this...but I think it's because a sixth sense is guiding me to trust that Tony's moves are and will continue to be sincere. For me, it's always about character---first and foremost with zero tolerance for deliberate deceptions. I'm impressed with Tony, needless to say.
I'm happy to find myself in this situation, able to participate as both investor and fellow-blogger. We are all involved in the process of teaching one another. I'm looking forward to witnessing a lot of smiles exuding satisfaction.
The information comes (came) from USEI itself. Here's a paste of the opener from one of the two public statements:
SANTA CLARITA, CA--(Marketwired - Apr 11, 2014) - USEI Cannabis Initiatives Corp, a wholly owned subsidiary of U.S. Energy Initiatives Corporation, Inc. (OTC Pink: USEI) (PINKSHEETS: USEI) is pleased today to provide an update to investors about the company's operations in Colorado.
For the most part I agree that investors will relax once we receive substantive information. However, a failure to provide same is hardly a failing on the part of Tony Miller, CEO; nor is it an indicator of any sort of failure.
Investors often demand fast-forward action when it comes to placing value on management. I did much the same thing when I was running scared at the thought of finding my investments might drown in failure of my own creation. I've learned the importance of patience and trust. Nowadays, when I find myself impatient and thus distrusting, I sell my position and move on. It's just not worth the emotional twisting just to cut another notch in the self-respect machine.
People are anxious to see what Tony puts forth, count me as one of them. Yet when I look at my position now slightly in the red, I never consider that Tony owes me anything. He isn't responsible for my loss. I am! He didn't hold a gun to my head and force me to do anything. I made my choices and I accept that earlier gains have yielded to current losses. That is a reflection of my own doing and I'm good with that.
If there's to be news released on Monday, that will be good for us all, regardless of the nature of anybody's expectations, satisfied or unfulfilled. I think a lot of young investors don't quite grasp a simple truth:
Management's sole responsibility is to the company. That means running the company in the best way possible for the enrichment of its share holders. If current management is capable of steering our company in a direction destined to make our company profitable, then it will be a response to having made smart moves with a finger on the pulse of opportunity. Given that Tony is presently engaged in developing USEI's foundation, I find it a bit absurd that some are blaming him for the market's assessment of a share's value. We are not making money and are not yet in position to even think about hatching eggs.
Management's responsibility does not include consoling investors nor does it include share price management. We, the investors, are the only ones capable of moving the share-price. Parameters governing up or downward biases are computer-driven while overseen by humans. Similarly, any brokering facility making a market for a company does not consist of a bunch of cigar-smoking balding fat men plotting to gyp unknowing investors out of their next month's rent, despite what some may suggest. Too much conspiracy thinking going on here with very little of it rooted in reality.
All in my opinion only!
This could well be great news for us all. It's been a difficult week for most everyone. Yet I was privately hoping our CEO would not publish today as I'd expect the dissipating tide would vanquish our young child before it even gets out of the Garden of Eating, despite great looking cupcakes and related goodies.
Hopefully, on Monday, less anxious minds will prevail. I think we've had ample opportunity to take sides in this company's potentials by either adding or selling. Now, with the next leg of our journey approaching in just a couple of days, I hope we'll find the room within ourselves to humanely tell mind-shapers to get lost and take their mean-spirited agendas with them.
Come Monday, I think it'd be really neat if we could somehow ignore those who want to irritate and aggravate us, for whatever their motivations. If we find Tony's message palatable and worthwhile, then I'd like to think we will all join hands and express our appreciation for his hard work.
If, on the other hand, we should find his efforts to have been paltry, then we have every right to say so---not in an angry tone but in an adult manner by which we admit to disappointment.
If we can do this, then I believe we'll be going a long way towards assuring our CEO that we respect him for his efforts and we are sufficiently unified to stand by him and his decisions because we want him to succeed. If he succeeds, then don't we all win?
So I'm excited and sure do hope it happens for all of us on Monday. And I dearly hope Monday won't be a bummer as was much of this week. Even a cloud would have cried big tears this week!
My opinions herein.
Yours is a beautiful statement about who you are. When I pursue my dd, I find it fairly easy to spot the numbers that figure into things prominently. But it's the stuff we don't see on the surface that often holds the keys to the king's gold.
Obviously I can't place value on USEI company-held assets, aside from the Real McCoy oil cup for motors. And even that is not something on which I can place a value. And the biodiesel formulas should hold value but reformulations abound in this computer-based era.
So I instead look at Tony Miller and those with whom he keeps company. And I peer underneath and contemplate possible reasons for those individuals to hobnob with Tony. What might be in it for them?--- I ponder. And what I come up with is that these folks recognize something special about the man occupying the USEI throne. I like to think that I also recognize something.
Tony does not have to do what he is doing. I'm positive of that. So then, why is this guy messing around with a situation that won't put cash into his pocket today and may never?
I'm of the belief that it's all about developing creative opportunity. I think he lives for that. And I won't say more on this for the moment. However, I'd love to hear ideas from others. One thing I'm convinced of is that when the market is tougher than broken glass on an earthworm, we might look under some of those clouds obscuring our view.
Naysayers or bashers alike---I'm here because of the positives I can see that I expect will play out---in time. I find it incredibly reassuring that Tony has been in a quiet period this past couple of weeks---instead of just trying to appease doubters. That calls for courage and a strong commitment to things he sees worth developing. I've worked with a lot of so-called executive types but rarely have I been firmly in the camp of believers.
I am, now. As are you, hopeful6.
It's a real pleasure for me, really!
Dang! I like your attitude! So many people are afraid to stand alone in full view and state boldly:
"I like!"
I like what I've seen from all those out there who are openly supportive of Tony, the company, its initiatives and searches into the ideal business model. It's darned nice to see you have the chutzpah to stand there and commit emotionally. It's healthy!
My opinions only as I don't have permission to state anybody else's opinions...
Huh?
Again, it appears we define success differently. I'd be dancing in the streets if USEI hit $3.75 after beginning at 25 cents.
I'm not understanding the issue you're raising. I'm seeing more than enough successes to make me happy with any one of them.
You wrote:
I did this research as well. And my claim still stands: he had no successful business ventures.
Yet the dealings you've pasted speak very favorably to what I'd be terming successes. Sorry, but I don't get it. But I'd very much entertain your commentary, so please have at it. It is truly helpful to face all possible pros and cons with any and every investment. And I thank you for sharing your concerns.
All in my opinion.
I've got to disagree but then...it depends upon how you or I might describe success or failure.
It's true that Tony has been involved in a number of businesses. I personally don't care if they lasted a year or a decade. If I see I can turn a good profit on my hoard of shares, I'll be happy enough without fantasies of megamillions. If shares EVER get to five cents, I'll be ahead an eighth of a $million. It's kind of hard for me to look at his historical accomplishments and worry.
I've got $22k in this. If I lost it all, no tears would be shed. I'll continue to eat and sleep under a roof. The fact that I'm slightly underwater today means nearly nothing, given that the DOW is down currently to the tune of 154 points. I'm losing money in nearly all twenty-one positions.
I don't fret over a single investment vehicle because experience tells me repeatedly that I need to average time periods. So Ill look at today's closing and average it with numbers on the day our next bit of news comes out.
When you say you lost on this, I'm reminded of the fact that I was heavily ahead until this past week. I'm in this for the longer haul than you, apparently. And I've not seen anything in his dealings that conjure up thoughts of shady dealings.
I hope you can pinpoint some of your concerns. ?????
Everything I've said is opinion only.
Your comment is interesting in that I tried to start a position this morning via TA Ameritrade. I operate four portfolios, three of which qualify handily for their "Apex" ranking, and then some. These are high dollar accounts that got there partly through penny stocks.
I was unable to get the trades executed due to the chill imposed on this stock---the chill being denied in your post. I protested, saying I'll pick up the tab on added charges and if there are penalties, I'm prepared to make good. I was told essentially I'm up against house rules. I take that to mean no phone rep is willing to put her job on the line for acquiescing to the demands of a wealthy a$$hole who may be demented. lol
Well, I may be all of that---just ask my wife. But I sure wish I were free to do as I like with my money---no strings attached by a brokerage or anybody else.
The brokerages are the ones who are members, not the company issuing stock. Charges incurred by such disallowed transactions would be extremely high, often exceeding the value of the trade itself. This sounds like open-ended risk orientation designed to control---but necessarily maim or destroy: a safety mechanism.
You wrote:
There are also no dtc charges. MYEC is not a dtcc member, which is way different than a chill. You can't have a chill if you are not a member. And regarding fees for trading, I use etrade and it's only ever 10 bucks to buy or sell period
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Everything stated herein is based on my opinions only, save for the copy and paste included above. I'm not happy that I'm told I cannot purchase something for sale in an open market. I have the funds available!
Thanks to you as well for pinpointing characteristics in management's style.
Yours is a great follow-up. Thank you so much!
I am now a follower of your---should read #12 but I don't see it recorded. Please let me know if I need to do something else.
Thanks again.
Thank you for the thumbs up. It always feels good when we can connect with others---especially when it comes to stock talk. I see this stuff as an example of foraging.....not much different than going out into the jungle in search for food despite knowing there's tigers out there in them woods and they're hungry too!
On the surface this looks very nice. My only problem has to do with the uplisting being sought. There are three items that perhaps others here can clarify for me. It will be appreciated.
1. Pinks can say what they like. This includes lies. I'm not suggesting anything of the sort is going on here but the SEC does not hold an ear close to the ground belonging to a pink company.
2. For a move to a major exchange, I'm thinking a major reverse split of a magnitude amounting to 1:100 or one hundred old shares become one newly formed one. That will hurt many here.
3. Projections, absent a solid earnings history, are not more than projections. Every analyst on the planet will tell you projections are the life-blood of the game when it comes to evaluating the company in question. So where do we go for grist to be used in the analytical mill?
Typically we look at history---earnings history. Unfortunately there's painfully little to see. Dating back to early in 2008, there's been only abysmal performance. Not to say that recent developments will fail to give us lift-off for I believe it's merited. Yet I'm concerned that the investing public will be slow to accept that this company is showing signs of having transformed and is now deserving of respect as never before.
So, if you can help clarify things, I'd be in your debt. Biggest question of all:
What has you believing that the company's stated objectives will demonstrate follow-through? And what has you thinking things will work as planned and scheduled and result in things good for the investor?
My opinions above and nothing more. And many thanks for any help.
It's probably machine-generated. Also, the market maker isn't going to get overly excited over a $700 trade. However, I'm with you when it comes to knowing we don't always seem to get fair treatment.
When the asking price is higher, the price you see may be generated by a single retail buyer. It could also be a sneaky sonofagun trying to build your hopes up only to launch a selling campaign designed to demoralize share holders and spook them into premature selling.
Let me suggest that you try to discount the value of that lone offer to buy or sell. There's no way to grasp the picture in the other person's mind. It's often a crapshoot. I do my best when I find patterns in trading. When I can't sense a meaningful pattern, I sit and wait and watch---but always with a buy-point in mind. Say I'm wanting to buy a stock at 37 cents and I'm watching it blow through 40 cents, 44 cents---I don't ever chase that thing. I set up the price I thought made sense and I sure don't want to get swept up in the excitement. After all, maybe the momentum isn't based on anything but hype put in play to make a sucker out of me and some others.
Bottom line: It can be dangerous assuming anything because we can't see both sides of the equation.
Meanwhile, keep it up because you're trying to figure out how things work. That's the way to learn and grow and create wealth.
My opinions herein.....
That's quite an accounting, isn't it? I guess VP's shouldn't be expected to know what's going on, right?
This much I do know from those who were on the ground at the time:
No business was being conducted in the R. of G. unless assisted by bribes. Simple as that. I didn't witness bribe-based activity myself but I'm convinced that nobody's character ever shone so brightly that criminal behavior would have been beneath him. From all accounts I've heard and/or read, ministerial staff members made their livings by accepting bribes. I refuse to believe two fathead, selfish brothers managed to walk on water where others failed. As for Harry? He may have been describable in some less than flattering ways but I never thought he was particularly shrewd or even capable of engineering a plot of any sort. I thought him afraid of his own shadow, as neurotic as one could be. And I found him a surprising choice for corporate leadership.
My sense is pretty simple: Bob Bearnth and Neil Moore were misled when turning over the SCS reins to HDY. They never anticipated underhanded tactics might be part of the forming of the PSA. They must be turning over in their graves. That is indeed tragic for they were truly good men. They were more than wealthy enough to live well. Neither needed to engage in criminal behavior.
That said, I believe the dirty dealings---whatever they may have been---were completed before Ray Leonard came on board.
As for Brier's suggesting he or others within the company knew not of misdoings and were not advised, accordingly? Where was Patten---floating in a Bogg? Ridiculous, how some will deliberately distort to save their sorry butts.
This is all just my opinion, nothing more.
Sorry to be in catch-up mode but I've been away.
Harry Briers---can you tell me why or how he comes up now? I spent some time with him when HDY was first talking about a NYSE listing. An odd fellow for sure---blushed with every question I asked; one very nervous dude who appeared frightened by his own shadow.
On another topic.....
Is it known at this juncture whether or not Ray is implicated in a suggestion of wrongdoing? I never trusted the Watts and over the years I developed a terrible opinion of both of them, so it's easy for me to point a finger---not in Ray's direction.
If anyone is to be brought up on some sort of charge of conspiring to defraud, I'm hoping it will be the Watts and not Mr. Leonard.
Lastly, I'm not understanding the implied value of determining who is responsible for having done what. It seems to me that underlying any determination must be Guinea's impropriety. Bribes require both transmitter and receiver. I doubt anyone ever bought into the PSA being a cleanly wrought device, given that Guinean cabinet ministers have long been recognized as among the most corrupt.
Thank you for any help on these items.
All in my opinion.
Not seeing anything on EVRN at Ameritrade.
Can you tell me what they're about?
What's weird is that I'm seeing a valuation of under $4K. I usually spend that just to open a new position. Is my information wrong?
Thanks for the help. Didn't know of this board till moments ago.