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Tell you what.... If it runs this much on news of an LOI on what I'd consider our secondary project... Things are going to get interesting around here when MedRecycler goes live.
I have been in another stock situation with a pretty shady CEO recently, so I just want to through out there that Nick seems like a stand up guy and I know he takes flack about the delays and all... but everyone should really daily consider and appreciate that he put his own house up to keep this thing going and make it happen. From everything I've seen, he's one of the good guys in a situation where many would not be.
Also worth noting that this isn't a P&D stock. At the time of this writing, there are 5 posts on the board today even though the stock is up something like 30% on the day. If we're getting an under the radar gain at 30%... I imagine it could really pop when news (more than Twitter) drops.
Exciting times ahead....I hope :)
Perfect! Thank you for that. I hope everyone reads your post
Very encouraging that we are clearly in the right and that a temporary setback or delay is NOT the same as a lost cause.
The wheels of justice grind slowly but they grind exceedingly well. In this case, we just have two grinding wheels to deal with. The 13... and now Billy.
I know we've got a small army here that's happy to help, and we'll see what comes of Special Needs' conversation. Hopefully we can put together a model that people can use to write and reach out and get these wheels turning a little quicker.
We'll get there!!!!
His shares in MedRecycler are collateral for the loan. No one is worried about those shares getting diluted.
SNPW dilution is what people are worried about. Nick putting up his med shares for collateral has nothing to do with SNPW dilution as far as I know.
Yep!
We all may be old and grey when we win... but our case is no less strong than it has been all along
It's fine for people to get discouraged about the time it may take.... but in my opinion people should still feel good about our legal position and our ownership in this company.
My take on this is that our case is not 'ripe'. I hear this in court cases a lot. Billy has not taken anything yet... what wrong has he committed. In addition, the dollar value of this we're talking about may just seem like a fantasy to them.
To my knowledge... any attorney looking through this has not said they don't think we have a case... they just don't see any money in pre-empting a wrong we think may happen. This is a HUGE distinction and I hope everyone is clear on that.
I'm not saying we're 100% to win or anything... but I am saying that, to my knowledge, no attorney has looked at this and said that what Billy is trying to do is ok and we have no case. Someone please correct me if I'm wrong.
Even if we're not to the point of taking legal action, we can still draft letters to the SEC, to FINRA, and potentially even to the 13 'other' thiefs (asking them not to settle while ownership is in dispute). Perhaps some of us have attorney friends who could help to draft a shell letter that we could all kind of use or base something off of in reaching out to some of these entities. I don't know if there is strength in numbers... but if I'm at the SEC and we got 50 letters in one week about the same company... my curiosity would be piqued. I think getting Rob's family on board would only help in all of those endeavors.
We still own our shares. Billy can try anything he wants. May be a long process but our shares are our shares and what we own is what we own.
My worry is not that we won't win.. but that Billy will have spent it all by the time we're able to claw it back.
Hopefully there are some actions we can take... injunctions, letters to the 13 offenders, letters to judges, SEC, FINRA, etc.
Majority owners can't just take the one item of value and transfer it to another company where they have higher ownership. That is a violation of fiduciary duty... and it seems pretty easy to prove in this case. It seems that Billy was just thinking that if he let our stock get delisted then he could do whatever he wanted.. but that's just not the case. Listed or not we are still owners, just like we would be in a company that was never listed in the first place.
Will you send me or Tony or someone a private message on here? We need to get in touch with Rob's family and bring them in to our group that's trying to decide how to take action to defend our rights as UOIP owners.
Billy is just one guy. The law is on our side.
An example of a recent one is Golden Matrix. Way up since theirs.
Most are bad... but most penny stocks aren't in the spot we're in. If my shares aren't diluted.... they can R/S a million to one for all I care.
Have a great week!
"missing the boat"
I don't fault him for not being ready for the pandemic and travel restrictions. I'm going to look at the other side of the coin.
Not only did this company survive after the Canada thing fell through.... but stock price is way up from where it was a year ago.
I'm down, but that's much better than being out. Im sure if Gary had millions of dollars at his disposal a year ago he could have done some things differently, but it's silly to judge him for missing options he didn't have.
We're still here with a great product and growth opportunity.
Most penny stocks would be very envious of our position.
Works for me. As I've mentioned on here a few times, there is another stock out there that did a R/S about 4 months ago and is up 10x since. If done for the right reasons it can be a very good thing.
That's good to hear. I don't have twitter access and I don't consider that official anyway. It seems that others might not either seeing how much the stock dropped when the R/S was enacted.
Hopefully if and when they do an R/S they'll make an official statement on the matter and if there's truly no dilution.. I agree... should be no impact, and it's a great deal at these prices.
I've mentioned this before... but even if he can't dilute our shares... there are certain price thresholds and cutoffs for Nicks own shares that may somehow be impacted.
Again, I'm not the one to worry about here. Holding and hoping.
Good luck all!
If we're on the same side then what's the problem?
Anyway, I can give examples of another stock I own where twice I've gotten a response from IR within the hour, but it's apples to oranges. I can't speak to the responsiveness of Nick because I haven't reached out to him. He's a busy guy and I'd rather his time be devoted to value added things rather than me.
I'm not complaining, I'm simply saying that I think there is an opportunity to provide some clarification around the R/S. If they don't do it, fine... but the share price likely won't be as high as it could be until all that gets sorted out.
Have a good night!
I own 1% of this company (at least until the R/S) and I have never sent him an email and never demanded information.
Nick has done a lot for shareholders which I appreciate.
I'd also note that people are going to be wary as many have been burned by pennies before. It goes with the territory on both sides.
People have legitimate questions and I think it's reasonable for them to ask for updates when timelines given aren't met. That said... I'm excited about the future. Have a good night!
He most certainly does. Many of the tweets are a response to what people say.
I have never harassed him nor do I intend to. Just saying that if he's going to spend the time tweeting... that's something that could actually have a positive impact.
I don't understand why there's so much time to be able to tweet, but that there's no time to clarify about this R/S for shareholders.
We lost over 50% of our value when that thing came along. Just come out and say that we are going to reduce A/S by 1000:1 as well if the goal really isn't to dilute us.
Lets get some real info out there in these tweets.
Anyone have experience with lenders having a bunch of shares like this? How long does it usually take them to unload them all on the market.
Looks like our ex-toxic lenders have/had about 13 % of the float now. Any guesses on what % is sold as of today, and how much they'll be keeping, or how much more they'll be looking to sell over the next few weeks (?) months (?)
Holding out hope and holding my shares.
Thanks!
Well.... Nice to see green in the account for a change. Perhaps we hit the bottom.
While there would normally be end of year tax-loss selling issues, I don't think we'll see much of that here since most of the churn has been from lenders who got shares, and much of the shares are owned by people who bought last year and would still be in the green.
If I recall the lenders got 120 million shares out of the deal.. so based on the volume the last few days, it would appear that they've still got a bunch in hand... just a matter of whether they're going to hold or sell. Would make sense to keep a few until uplisting, but who knows?
well, we've certainly closed above 1 penny for the last 30 days. Hopefully we go on and process this uplist request before it dips below. Hopefully there'd be enough people here who could scrounge together some funds and put up a bid wall at a penny and keep it above that threshold.
That is true. I must admit I've been shocked each time. A cent, though, I would be especially shocked about.
Unless there's something crazy going on with the lawsuit or something that we don't know about, there is no way that this company is worth less than $10M.
I have no funds but if it goes below a penny... I'm finding a way to get some and buying more.
Well, I try to see both sides a Yeah I hope it goes up. But if it keeps dropping or tax loss selling end of year or something, I'd like to buy more.
I don't see any risk of bankruptcy at this point, so I feel good that it's not going to 0 at least! I 'hope' it doesn't anyway!
I mean.. I still do. Price drop is discouraging, sure... but the price dropping doesn't mean GG is scamming us or anything.
I'm stuck underwater so no choice but to stick it out at this point anyway. Surely it doesn't go below a penny.
this would triple overnight if they cancelled it. Would love to see that.
Bid and ask are both pretty low.. I'd guess we'll see some movement today.
I agree that the feed is something more than I see from most at this level. Additionally, details on future financing are pretty good too... It's not often that one can value a project pretty easily but in this case we can.
The unknown to me is the R/S. I don't care that he's doing a R/S, but it's what's done with the other shares that will make a difference. If they remove this unknown ( by reducing O/S and A/S concurrent with the R/S) then we'd really soar... and would probably be over a penny right now...
Nice volume for sure. Maybe some UL people buying in early..... I'm not sure how insider trading rules work on a place like that. I know politicians are able to legally trade on their knowledge.. What is to stop someone from UL buying this up pre-certification?
It might.. I'm concerned that some of his conversions can't be done unless the share price is over 10 cents.
It seems that if there's a 1000:1 split that the threshold should increase in proportion.
Do you know what the 'final stages' of the process are?
This whole UL thing is new to me. Are we essentially certified and everything coming is just a formality?
If we must do a R/S... I'm hoping it all gets done before these announcements come. I've said it before, but I have no problem with a R/S if the goal is to bring the price to a level institutions can invest at rather than to dilute.
We'll see.....
I dislike reverse splits as much as the next person, but this sounds pretty positive to me... and if the whole point of the R/S is to allow us to be pursuing two things at once... (and not to dilute our ownership %) then I'm good with it.
Tweets alone aren't going to drive up the price... but if there's some solid things happening in the background, then our time will come!
Well, maybe so maybe no... I see it differently, but it doesn't matter to me much so I'm fine agreeing to disagree on this.
That said, for the record... I think there are people who every day decide to do what's "fair, right, and legal" not because they really want to or have a conscience... but simply because the law is designed to make it easier for people to follow it than to break it.
It 'seems' that Billy is interested in money. If he becomes convinced that giving us our fair share will get him his share sooner, or keep him out of jail, or whatever... then he may just decide that the easier route is to do what's right... and that choice doesn't necessarily require a conscience.
Anyway, Tony was talking about letters and I'm just saying that I'm up for sending if there is intent and purpose behind it... but I agree that if the sole purpose is an appeal to conscience.... probably not worth the stamp.
Have a great week sir!
That's an odd way to say it, but I'll give the benefit of the doubt and answer.
Fair value here I think is somewhere around 8-10 cents with the debt issue resolved.... I think it's still a good value growth speculation even from there, I'm just talking about fair value. I'll be selling lower than that because I need to pay credit card bills, but holding as much as I can for as long as I can.
At this point (2 cents) I plan on playing usurious interest rates on those credit cards rather than sell at these prices, so in effect every day I'm making a choice to 'buy' simply by not selling. I don't think I'll sell any below 3 cents even with APRs close to 20. I think up to 4 cents is low hanging fruit and beyond what I need to get by, I can't imagine selling a serious amount below that.
Have a great week!
To be clear, I 'get it' also and I agree... It's not so much to appeal to conscience or anything....
I was more thinking about sending a certified letter or something just documenting that a shareholder had expressed concern.
If he wants to do the right thing, he can do it. If he wants to do the wrong thing... I agree that no letter is going to change his moral compass... but at some point maybe he'll be convinced to do what's fair, right, and legal... because he knows it will be more difficult and costly for him not to.
Long story short, I'm happy to send him a letter if someone thinks it will help our overall strategy. Outside of that, no need to waste the stamp! :)
True, but the idea of 'investing' wouldn't even exist if we followed that principle. In this case, there is a bird in the hand but a whole flock in the bush.
I have no problem with anyone selling at this price and would love to accumulate some funds and snap them up before the sellers realize they could have waited a couple of weeks and gotten a much better price.
I don't disagree with any of that.
Anyone who got shares out of the debt paydown may be unloading those to make a quick buck. I believe it's shortsighted of them, but it is what it is... which is a buying opportunity for true longs since this artificially lowers the value from where the 'market' would actually put it.
Who knows?
I am interested in the idea of writing him.. I'm happy to write him a letter expressing concern about the waterfall, and about this separate company he has created.. and advise him that he has a fiduciary duty to minority shareholders. However... I'd be concerned that if all of us fire off letters with our thoughts it might actually disrupt the process. I'm sure that if we get legal representation at some point, they'd want everything to go through them.
So.. I guess my question for the group is: Do you want us sending letters to Billy as Tony has alluded to in an earlier post( and if so... are there talking points to hit on/avoid) or would you prefer that we don't take action at this time.
can you get that in writing? Any details? It will save everyone (Billy included) if he'll make it clear that he doesn't intend to violate securities law. If he cared about shareholders, he'd come out and say it so we don't have to allocate a ton of resources into enforcing our rights.
It would be silly of them to unload those now.. Would make more sense to wait until uplisting.
Thing is, O/S is O/S regardless of whether lenders are unloading their shares or not. It artificially depresses the price and provides a discount for those who want in, but has no affect on the fundamentals.
Most true longs here know the value of this company is well over $0.02. If it dips there or temporarily below that for a time, it should be seen as a buying opportunity and nothing more. These lenders already made their money and maybe don't want to hold or are unable to hold stock. Like a bank with a foreclosed property, they're just happy to get their money back... and in this case.. thrilled that they made well over what they put in. If I'm a manager over at the lender and I get some bonus if our ROI is 20% or over for the year, you can bet that I'd sell everything I had at $0.02 and lock in the gains far above that. I'm just saying, they're likely incentivized to avoid risk and so they'll sell here... but that doesn't mean we should see that as the true value.
Good luck all!
6-9 months ago we were trading at 3 times where we are now, mostly on anticipation of UK stuff. That talk has all died down, but the prospects have not. We still have just as much potential in the UK as before... just got sidetracked because of COVID.
In the meantime, we've cleared the debt, increased capacity and increased distributors.
If you'd given us all of these stats at the beginning of the year, I'm sure most guesses on share price would have been at least 5-6 cents.
In short.. UK prospects are being valued at essentially $0 right now, which is silly as we're getting revenue. Any good news on that front and we soar.
Have a nice weekend all!
Thank you! Truly exciting times ahead.
So we have about 725 million shares outstanding and about 125 million restricted shares for 850m total, or are the restricted shares included in 725?
I have seen people say both on this board. Anyone know for sure?
Looks pretty good to me.. Only considerations I see are that the value is really based on 2021 earnings.. where by the end of the year next year I'm sure we'll have a better idea of the potential growth trajectory and what's going on in the UK.. If that has half the potential we've been lead to believe, then the true value is in the 2022 and beyond growth, which isn't even backed in to yours.
On the other side of it... I believe there are some restricted shares and those promised to Gary not baked into O/S... so you might need to move the share count a little higher.
But overall.. Looks pretty good and frankly, pretty conservative.
#20 on the breakout board right now. Will we get to the top 5 today? If not... certainly when we uplist.
Interesting theory. Doubtful though.
Even though the market price for our shares would be $3.5 mil... I'm sure everyone is figuring it's worth far more than that, including the entity that's agreed to buy in for that price.
Nick has put a ton of work into getting this thing set up, and maintaining an interest in making it go right is worth far more than whatever he could sell for.
If this thing is viable then I'm less concerned about what exact % we own, and more about ease of replication and securing opportunities in other venues. The exact % of MedRecycler we own has no bearing on this and if we need to sell a few $ to keep things going... fine by me!