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jp7204....
You are wrong.
There currently are approx 4,500,000,000 shares outstanding X 0.0003 = $1,350,000 market cap. This is a VERY high price considering the liabilities UNI-CON has, many 10's of millions, along with:
1) No proven ECONOMICAL reserves.
2) No plan to establish any reserves.
3) Incompetent management.
4) Inadequate infrastructure.
5) And on and on and on ad infinatum.
And your question really is in fact moot. The Preferred A Shares really control this company as spydrwb says.
Today's AVEW VWAP was $0.0056246.
jp7204....
"UNCO's valued could be greater than stock price"
However UNI-CON has NOT shown there to be any value in the Deer Trail through drilling worth expending the significant and costly effort needed to mine and process what may (or may not) be there.
Today's AVEW VWAP was $0.0055000.
Very simple....
The second tranche of warrants just recently vested and hundreds of millions of shares are being DUMPED into the market.
From the SEC filing....
"DETACHABLE WARRANTS. Each share of Series A Preferred shall be entitled to a total of 33,333 Warrants to purchase Common Stock of the Corporation, such Warrants to be evenly divided between Series A Warrants, Series B Warrants, and Series C Warrants. Series A Warrants shall vest 180 days after the issuance of the Series A Preferred and shall entitle the bearer to purchase one share of Common Stock of the Corporation per Warrant at a price equal to $0.00005 per share. Series B Warrants shall vest 360 days after the issuance of the Series A Preferred and shall entitle the bearer to purchase .75 of one share of Common Stock of the Corporation per Warrant at a price equal to $0.00004. Series C Warrants shall vest 450 days after the issuance of the Series A Preferred and shall entitle the bearer to purchase .60 of one share of Common Stock of the Corporation per Warrant at a price equal to $0.00003. The Warrant right of the holders of Series A Preferred Stock shall be exercised by the surrender of the Warrant representing shares to be acquired to the Corporation or its transfer agent, accompanied by written notice. Immediately prior to the close of business on the date the Corporation receives written notice of Warrant exercise, the Warrant holder shall be deemed to be the holder of record of that number of common stock issuable upon Warrant redemption notwithstanding that the share register of the Corporation shall then be closed or that certificates representing such common stock shall not then be actually delivered to such person."
Today's AVEW VWAP was $0.0050371.
"My hope is that Javelin is not involved."
Aaaaahh, but Javelin is OBVIOUSLY involved. Robert McCoy (the only one left at AERP) is definitely a Peacock/Javelin player.
"The Nascar suits have pretty much gone nowhere and seem to be dragged out in defintely."
Number File Type Details
03/24/2010 54.000 ORDER OF/FOR TRIAL
03/22/2010 53.000 MOTION TO DISMISS / DISSOLVE Comments:
by Bryan Hunsaker
03/22/2010 52.000 AFFIDAVIT / APPLICATION BY/FOR DEFENDANT Comments:
Bryan Hunsaker
02/18/2010 51.000 NOTICE OF ISSUE AND REQUEST TO DOCKET Comments:
NASCAR, (4envs)
02/08/2010 50.000 DEFAULT Comments:
agst Aero Exhaust Performance Products Inc
02/08/2010 49.000 MOTION OF/FOR DEFAULT Comments:
agst Aero Exhaust Performance Products Inc
01/20/2010 48.000 RETURNED SUMMONS SERVED Comments:
AERO Exhaust Performance Products Inc
01/20/2010 47.000 NOTICE OF FILING Comments:
affidavit of service of process and order to show cause as to Aero Exhaust Performance Products Inc by NASCAR
12/31/2009 46.000 ANSWER BY/FOR DEFENDANT Comments:
Bryan Hunsaker to 1st amended complaint
12/23/2009 45.000 DEFAULT Comments:
As to TTR HP, by Judge
12/23/2009 44.000 RETURNED SUMMONS SERVED Comments:
(amd comp)Bryan Hunsaker
12/23/2009 43.000 NOTICE OF FILING Comments:
affadvit of service by National Association for Stock Car Auto Racing Inc
12/07/2009 42.000 DEFAULT Comments:
to FLO CO LLC
12/07/2009 41.000 MOTION OF/FOR DEFAULT Comments:
to FLO CO LLC
12/07/2009 40.000 MOTION OF/FOR DEFAULT Comments:
as to TTR HP Inc (answer filed cannot enter)
11/09/2009 39.000 ORDER OF/FOR CONTEMPT Comments:
To Flo Co LLC, def is fined $5,000.00 to be paid w/in 3 dys This Order is stayed until 11/30/09 so that Flo Co may purge itself, see order for further details
11/09/2009 38.000 HEARING SHEET
11/06/2009 37.000 RETURNED SUMMONS SERVED Comments:
FLO Co LLC
11/06/2009 36.000 NOTICE OF FILING Comments:
affidavit of service of order to show cause upon FLO Co LLC by National Assoc for Stock Car Auto Racing Inc
10/19/2009 35.000 REQUEST FOR COPIES Comments:
of docketed pleadings from the court file
09/30/2009 34.000 TWENTY DAY SUMMONS ISSUED Comments:
as to AMENDED complaint To FLO-CO LLC fwd to pltfs atty by mail for sop, cc pltfs atty by mail
09/30/2009 33.000 TWENTY DAY SUMMONS ISSUED Comments:
as to AMENDED complaint To AERO EXHAUST PERFORMANCE PRODUCTS, INC. fwd to pltfs atty by mail for sop, cc pltfs atty by mail
09/30/2009 32.000 TWENTY DAY SUMMONS ISSUED Comments:
as to AMENDED complaint To BRYAN HUNSAKER fwd to pltfs atty by mail for sop, cc pltfs atty by mail
NHred,
Whatever Richards did not convert previously has no bearing on what is happening now.
Richards loaned AERP money and had as collateral a UCC against AERP that covered........
"ALL ASSETS OF THE COMPANY, BOTH TANGIBLE AND INTANGIBLE, INCLUDING, BUT NOT LIMITED TO, INVENTORY, CHATTEL PAPER, ACCOUNTS RECEIVABLE, EQUIPMENT, MACHINERY, FIXTURES, GENERAL INTANGIBLES, INTELLECTUAL PROPERTY, PATENTS, PATENTS PENDING AND PATENT APPLICATIONS; WHETHER ANY OF THE FOREGOING IS OWNED NOW OR ACQUIRED LATER; ALL ACCESSIONS, ADDITIONS, REPLACEMENTS, AND SUBSTITUTIONS RELATING TO ANY OF THE FOREGOING; ALL RECORDS OF ANY KIND RELATING TO ANY OF THE FOREGOING; ALL PROCEEDS; AS COLLATERAL FOR A LOAN MADE BY THE SECURED PARTY TO AERO PERFORMANCE PRODUCTS, INC."
That UCC hjas been exercised and ALL of the assets of AERP have been ttransferred to Richards NEW, VERY PRIVATE company, Performance Exhaust Products, which has NO RELATIONSHIP to AERP
And by the way, I HAVE READ all the filings (and a number of other documents), the last filing being almost a year ago, where the share structure was last reported. A LOT has happened since that filing regarding the OS.
gail....
You just watch the volume dry up as fast as it came on.
This is nothing more than Geddes/Traveller DUMPING the hundreds of millions of shares they got at roughly 0.00006 from the warrants created via the Flo-Co deal, which was in itself HIGHLY questionable, and basically an attempt to hide assets from the NASCAR lawsuit.
Sorry NHred -- YOU are the one that is WRONG
I have pointed out that Richards NEW company, Performance Exhaust Products, a VERY PRIVATE company, is NOT related to AERP and that AERP's business license has EXPIRED...... all FACTS supported by links.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49512038
You, on the other hand, have only made comments that are NOT supported with links, and are in fact, outright fabrications. Hmmmmmmmmmmmm.....
Aero Performance Products, Inc. (AERP) business license in the State of Utah has EXPIRED.
https://secure.utah.gov/bes/action
Search Aero Performance Products.
Then search Performance Exhaust Products, David Richards NEW, very PRIVATE Company
NHred....... WRONG again!!!
NO Richards does NOT own AERP.
What he does own is AERP's former assets which he got through exercising his UCC, which by the way was the collateral for the loan he previously gave to AERP.
Here's the reason for the current volume....
http://www.sec.gov/Archives/edgar/data/1160598/000126246309000038/seriesadesignation.htm
Read paragraph 3(c)
NHred...
You forgot to mention that David Richards company is a PRIVATE company and has no ties to AERP.
Yeah they sure will fall...... back to 0.0001
Today's AVEW VWAP was $0.0061634.
The 'new website' is owned by David K. Richards...... remember the guy who had a UCC against AERP that encompassed ALL of AERP's assets.
The company that David K. Richards has set up is a PRIVATE company and has nothing to do with AERP.
Sorry goose44 --- WRONG again.
"company is back"
Hmmmmmmm....
A company with ----
1) No offices
2) No employees
3) No phones
4) No product
5) No assets
6) Default judgment against AERP in $1 mil plus NASCAR lawsuit.
Looks like Geddes/Traveller are crying all the way to the bank. They are obviously DUMPING hundreds of millions of new shares from the second tranche of warrants that recently vested which were obtained via the Flo-Co deal.
Today's AVEW VWAP was $0.0062895.
The 'new guy' has been around about a year now and has not put out a single PR. What makes you think he's gonna start now????
Or how about the shareholder newsletter that Ray Brown sent out in early 2002.....
WHAT A DIFFERENCE A YEAR MAKES!
Last year, about this time, a hearty group from our shareholder s meeting joined us on a bus ride to Marysvale, Utah to assess the progress at the Deer Trail Mine. It was a bitter winter s day and when we arrived, late in the afternoon, the last of the sun s warm rays were disappearing behind the snow-capped peaks. Only the hale and hearty ventured out of the bus to inspect our new mill site. Throughout all of last year, we had been buying, shipping, and assembling the components for our new mill. Everything we needed was there, but it was dispersed about the grounds, needing to be organized into an operational mill. Geologist Dan Proctor walked our shivering group around the site, identifying the pieces of equipment that would eventually produce metal concentrates: the crusher, the ball mill, cyclones, pumps, generators, and holding tanks. At that time, only the steel girder frame of the mill building had been erected, and as we all huddled together looking at the skeleton-like structure, our imaginations wanted to fast-forward into UNICO s future, so we could see the finished, operating version of the mill. On the bus ride home we marveled at our progress, but we all knew we were not there yet; much more needed to be done before our mill would produce.
Well, after a long year of hard work, it gives me great pleasure to announce that UNICO s future is here: the vision of the mill we all imagined on the Deer Trail Mountain that day last year is a reality. Our mill is now complete and operational. The ores from two of our mines have been stockpiled and we will soon contract with a smelter: UNICO is within days of pouring gold!
Exciting times are indeed here for UNICO! We are pleased and proud to mail to all our shareholders our most recent news release summarizing company developments. While we know many of you follow UNICO news through the company website or the internet news services, such as Yahoo and Business Wire, we are mailing this release to ensure that all our investors stay informed about the great progress being made at the UNICO properties. The look of UNICO has changed since many of you purchased your stock. Some of you may not be aware of these following developments since last fall, and what a difference a year makes:
UNICO now has three mineral rich properties ready for exploration and production. We acquired two new mines this past year: the Silver Bell Mine, rich in high-grade silver, and The Bromide Mine, an excellent gold prospect in the Henry Mountains of Utah. Each of these mines could make UNICO a profitable company!
We have built a wonderful new mill at the Deer Trail Mine to process, with maximum control and cost effectiveness, all our silver and gold ores.
Our mill sits on 640 acres of newly acquired private land.
Today's AVEW VWAP was $0.0045000.
Stockryder...
You say "If UNCO announced a filing of bankruptcy the stock would jump 10 points within a week. Happens all the time."
Oh really??? That scenario you present is absurd to say the least. When a company files bankruptcy the stock basically becomes worthless, especially if it is a Chapter 7 filing, liquidation. If it is a Chapter 11 filing, reorg, the stock drops like a rock and is rescinded and replaced with a new issue when the company emerges from bankruptcy. Existing shareholders in either case are eventually toast.
Stockryder....
Those that you call 'bashers' are only presenting the REAL FACTS about UNI-CON that have been gained through YEARS of due dilligence...... far, far more reaching than you have done as you basically are a newbie to this stock!!!
And it's all in the SEC filings, especially when compared to the fluff BS PR's the company has put out. Remember that a company can say almost anything in a PR, but, when it comes to the SEC filings what they state is done under penalty of perjury.
jp7204....
There is an ongoing SEC investigation into UNI-CON's fraudulent financing activities.
As there were no trades today AVEW's VWAP was $0.0000000.
Too funny!!
So you want to learn Stockryder...
Here's a little history lesson of what has happened to the share structure over the years...
Shares outstanding:
Under Ray Brown:
7/7/00 55,266,712
12/27/00 64,785,046
5/22/01 66,893,060
7/6/01 67,893,969
10/08/01 70,054,487
12/31/01 69,678,487
5/21/02 72,062,974
7/10/02 74,112,974
10/7/02 74,112,974
1/8/03 75,112,974
6/11/03 77,507,974
7/10/03 78,257,974
10/15/03 85,852,974
1/9/04 88,952,974
5/27/04 93,462,974
7/14/04 93,462,974
Quite a reasonable amount of dilution for a company trying to do something.
Now enter Mark Lopez as CEO and his Death Spiral Financing scheme...
11/22/04 335,427,896
2/23/05 484,427,896
5/20/05 498,427,896
Note that the Authorized shares were almost maxed out at 500 mil.
7/13/05 498,427,896
10/14/05 498,427,896
1/3/06 498,427,896
Now the Authorized shares was raised to 5 Billion.
6/2/06 4,899,096,450
7/17/06 4,909,096,450
First MASSIVE reverse split 1:100
8/11/06 49,090,965
10/12/06 182,411,108
1/11/07 747,899,608
6/11/07 1,906,735,609
7/6/07 2,915,363,072
1/7/08 4,815,363,072
5/8/08 4,940,363,072
Now the second MASSIVE reverse split 1:500
7/1/08 9,880,726
10/10/08 12,306,929
1/12/09 23,679,981
6/4/09 141,784,859
7/5/09 202,750,052
8/31/09 280,967,605
10/10/09 420,489,553
11/3/2009 521,194,256
12/2/09 714,659,863
1/12/2010 1,218,000,643
2/22/2010 2,801,858,976
And UNI-CON has DUMPED at least another 1.5 BILLION shares since the last filing.
Stockryder....
You say "this stock has some things working for it."
And just what might that be??????????????
Stockryder....
The modus operendi for this stock has been and still is Death Spiral Financing.
They issue short term Convertible Debentures (now to the CEO's daddy), default on those CD's, settle by converting to shares at a 50% discount to the market plus interest, then Daddy Lopez sells into the market and makes a killing.
If that is not a SCAM..... what is????
trade champ,
I can't remember the number of times this board has heard similar things in the last 8 years ... "...the potential upside is much greater then the downside. IMO we could see a nice pop near term, anywhere from 6-13 depending on volume."
The only thing that has happened is sinking price, more dilution, 2 reverse splits, and on and on. You will be VERY fortunate if you get out of this at break even.
A better question would be .... who in their right mind would pay $4 mil today for the Deer Trail???
Today's AVEW VWAP --- $0.0056641.