Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Just like clockwork the BID dumper steps in ....
What is the entire market doing LOLO. So may stocks OTC and BB see millions of dollars in volume one day and near nothing the week following. Nothing new to see here.
He already has the financing box checked.
Like clockwork
Already checked many IMO. Contracts - financing - revenue reporting & revenue recognition - debt management - no dilution.
Those people dumping out at 009 are going to be chasing at 010
Filings.... attorney letters .... more paperwork than the IRS....
We have lawyers saying they reviewed accountant documents with neither party taking accountability to the results. Hahaha. All steps to drive complexity and cost. A shorts paradise.
The new OTC procedures are a joke. Again, not the fault of the CEOs. They want companies to go into Yield status to provide a catalyst for price action.
There is more paperwork and upkeep than IRS filings now.
6 days ago there were 10M short shares available. Today 4.8M short shares available. Gives good indication of the present price action.
Trying to protect the 4M open short position.
Once this moves up more, there will be added 4M buying pressure as the short starts to cover.
Bulls need to take charge and push out the person continually flogging the ASK. Until that happens there will always be BID sitters and in a bearish market the PPS wont move much.
The idiot sitting on the ASK needs to chase to close the open +4M short position.
Not sure what it will take to create that buying pressure in this market.
Not MMs in my opinion. Someone is trying to load 008s and shorts trying to protect the open 4M position.
I get it. There are many who have been here for years. Ironically, this is the closest that it has been to a real company and there are still the same people playing games with the PPS.
IMO it would be wise to let it run. The rise in PPS and latest actions may draw attention and new buyers. The stock should be well over 0.01 and closer to 0.05-0.10. There is good money to be made here is the game players stopped playing.
I won't touch it until then. Not because of Alex (he is one of the most legit OTC CEOs), but because of the games being played in low volume market conditions.
This is a $50M needle Alex is moving. Not a $5000 needle. I can't believe some of the comments here. Geez.
I know right. So much effort being put on holding the price down to protect the +4M open short position ...
Game players back playing games ....
Look at today's short availability data. Non-stop games here.
https://fintel.io/ss/us/uatg
Q1 Financials are great!
- All but 28M company owned shares are restricted (aka low to no dilution risk)
- $81M Assets, $13M in equity
- Revenue up 20% YoY, on track to beat 2022 revenue .
- $120k net positive now which positions UATG to start thinking about paying off debt
- Little cash on balance sheet, but significant financing in place.
Absolutely no reason this should be trading $9.7M market cap!
Shorts still putting up walls.... There must be a sizable naked short interest here.
People ARE bidding. But it is a bear market and smart traders are BID sitting waiting for a Bear to dump into them.
Smart traders are building positions here quietly ...
I've been saying this all along....
We disagree on the audits and that is okay. I've done many and know how much time and money they take to oomplete.
Firm contracts reported with the SEC supported by revenue in the bottom line is alI need until they are serious about uplisting.
Watched the video. Anyone bashing Alex has no idea about business (running, operating, getting financing). Alex seems like the real deal. He is managing expectations and proceeding diligently.
Share buybacks help shareholders - not the company. Alex is 100% right. The problem could be equally fixed by the SEC addressing Naked Shorting, or shorting in general.
Could this be a rug pull ... any OTC stock (or many BB for that matter) could be a rug pull. I personally don't care about audits right now. It would be reassuring if UATG PRs were released as 8ks and filed with the SEC to bring additional legitimacy to the announcements.
Let's see if any degens throw blocks up on the Ask again. The train is slowly leaving the station and the games will soon end.
I would personally never tell someone else to buy a stock. People need to manage their own risk.
I am sharing info about the opportunity so others can decide whether they want to invest.
Any OTC stock (or NASDAQ/NYSE stock for that matter) is a risk right now.
Food for thought. Alex doesn't need PR right now. PR draws investors which brings money to the company. Alex already has money.
Shareholders care about PRs because it raises the share price. We could help Alex by spreading the word.
CDNJENN said it best that the best CEO is the quiet one that keeps executing ...
100% correct. Audits are not important right now IMO.
The institutional financing = relevance that an audit brings to operations. Anyone raising +$10M would undergo significant business scrutiny to prove their operations were legitimate prior to funding approval.
Right now Alex needs to start spending $$$ to deliver units and new revenues.
IMO the next logical milestone for an audit would be an up-listing to QX-B.
Doesn't matter. Let them play games. The PPS will get where it should be in due time.
Not a lot to gain playing games with UATG
Significant hurdle crossed. This financing would not have happened without due diligence on the product and market opportunity. No institution would finance unless they were comfortable getting their money back + interest.
A letter of intent is a document declaring the preliminary commitment of one party to do business with another.
congrats longs
Financing of this magnitude takes months. Nothing out of the norm here IMO. Good to see they are making progress.
I dont believe that. Alex does not put up walls and spoof the ask, or bash on social media with intention. Each bounce creates another resistance point for shorts to pile into. It will take substantial news to break through.
This stock remains undervalued based on key financial fundamentals.
This has been my issue with UATG and OTC all along.
There are a handful of people throwing money at keeping prices down so they can get a better "entry." The reality is many stocks are stuck below significant chart resistance. There is a little money to be made bouncing in between, but a lot of money to be made one the charts break through resistance into open territory.
I wont buy again until that happens because it's a waste of my time. I no longer have the appetite to fight negative energy focused on ripping stocks down to get better "entries."
With no dilution in this stock, the only catalyst holding it down is negative trader energy. This stock is one of the few OTC stocks with potential for a 1000% run.
You guys are twisting the facts. UATG is not requesting this. There are a select group of investors that want to invest more money. This is a sign of shareholder confidence.
That email did not sound like desperation.
Actually it wasn't even the UATGs idea if you follow the Stocktwits thread. This discussion was initiated by investors wanted to invest more.
I think you're smart and a good trader.
This is my issue. OTC and BB is diluting everywhere. Alex is one of the few CEOs not diluting to create shareholder value and everyone is bailing on him driving down the PPS looking for a lower entry. The price is dropping because of selling. No sellers would stabilize the price.
If I were in Alex's shoes, I would be questioning the value of my shareholders right now.
To clarify my comment from yesterday ... I checked out of this discussion which was pointless. I still believe in the company.
Volume is too low right now in the OTC to move anything. There is a broker playing games on the Ask. Ever other long is waiting for the price to drop to buy cheaper and creating a shit ton of resistance on the way back up.
I have been making arguments to get us back above 01 where the chart gets exciting, and am constantly getting attacked. There is justification for this move, but this board does not appear to agree.
I can add no value to this discussion.