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Agreed 100%. The increase is required for the possible CD conversion and to insure that the company has adequate reserve shares to stave off a takeover bid, and to fund future growth. With the total "possible" conversion estimated at approximately 750mil, the requested share increase is of 1.5bil should not seem so unreasonable by experienced traders/investors. IMO of course.
Very good point RICH! If the new posters in this forum would do some basic DD on this stock, then they would come to the same conclusion. Your post and this one should serve as a reminder to the investors/traders to stay on top of their DD.
Why are all of the recent posts concerning UVSE been about rumors? IMO, the purpose of us being here is to promote the factual truths concerning this company, not to exploit heresy. GLTA
IMO, the "longs" know exactly what we have and I (for one) will not be selling my position anytime soon, and definitely not before the stock has reached it's full potential.
Read about Ken's background - he left a major software company to form is own company. He has a lot at stake in making this a successful company. IMO, he is not in it strictly for the financial gains - he honestly desires to make this company a major player in the field. I believe that he is well on his way to making that happen. Live Long & Prosper!
Good info Valley! It helps to explain away many of those small trades happening; especially in stocks where the MM's are so busy.
Thanks for the explanation Phrozt. I am currently holding $50k equity with them, so I'm not sure if all of this would apply to me or not? GLTY
GLTY Key.
ETrade considers you a day-trader if you trade (buy/sell) the same stock within a 4 day period. I have nevr tried it with my Scottrade account, so I don't know what the rule is on that one.
Welcome aboard Phrozt - hope that you enjoy the ride north!
I believe that you will be rather happy with this investment by the time you come home. BTW, thanks for placing your life on the line for the liberties that we have and take advantage of here in the good ole USA. GLTY
Agreed. I may increase some myself over the next month or two. Initially my goal was 500k and that is where I stopped - maybe I will double it up and sit long and green going into next year revenue increases, and hopefully the up-list to the OTCCB. GLTY
Happens every time - sometimes it brings new investors in and sometimes it runs some away.
Not all of us would have been happier to sell our shares at .024 - let's see...if I would have sold half my shares (500k) at .024, then I would have made...WOW....negative $13,000! Yeah! That would make me feel so much happier! LOL
The way that you text - I certainly hope that you sold all of yours, and willing to move along to your next target.
LOL - there has definitely been plenty of excuses and BS about this stock. I will probably just put my shares on the shelf with a couple more of my long ones and go find another diamond in the rough to invest in. Let the shorters, day-traders and MM's have their fun in the sun and once everything is said and done (sometime next year) I'll just cash in and retire. GLTA (except shorties - coz you suck!)
It would seem that currently only longs exist in this stock. There has been no flippers, day-traders or MM's paying very much attention to this stock in quite a while. I averaged my long position down to .02 and have basically forgotten about it while pursuing other ventures.
Maybe the company will be up listed to the OTCCB soon?
You are a very wise 1 man...you must have missed that one in your DD, but thanks for reminding us.
Slightly rough waters right now...the MM's almost lost control of it 2 days ago as we started to take off, but since have shown us that they are still in ultimate control of this thing. Live Long & Prosper! (GRIN)
Good to see you back Gold. Where you been hiding?
Okay, thanks for the explanation.
That could be a possibility.
I heard that there was one, but I didn't get back in time to get in on it. Have no idea what was discussed.
Don't trade on emotion. BTW, what happened to AUTO? That MM is no longer showing on this stock.
Rather negative response there KeyWest - hope that you bailed at the HOD.
Okay, what happened to all our posters? Is it lunch time already? I hate it when that happens....LOL
Thanks Roheex for your advice! GLTY
I am only seeing a .017 at the "below" - wouldn't be very far to fall. I think "up" is the direction that this stock is going.
The day traders need to have their time in the sun as well....I really don't think the MM's want this one to run - they almost lost control of it yesterday right before 3pm.
I'm currently showing:
Bid .0185 Ask .019, .02, .02, .02
I'm here - just got back from a training session (posted earlier today). I stated that I would be buying up to a nickel, and right now I have bought all I can this week.
Unfortunately I will miss the first 3 hours of it due to a training class. GLTA
I believe it is PDT - the 702 area code is in Las Vegas.
Thanks for doing the calculations! I was hoping someone would give us an accurate one.
I believe that the O/S as of June 30, 2008 was still 29mil and that was what the forward-looking projections were based upon.
As long as it stays below a nickel I will keep buying.
Should be a nice lil ride tomorrow...Hang On!
With the current and forecast revenue I would speculate that we will be at least in the nickel range by weeks end.
A very good revenue reporting 10Q - just what we were expecting! I am proud to be a shareholder in this company! Raley has kept his word and told the truth on every issue since I bought my first shares last year. The day-traders will have to keep an eye on the charts for this one, because it is going to be a tough one to read when it decides to head north without looking back. GLTA
Some of my shares are already long. I'll probably sit on it until the majority of them become long & then take a monstrous exit. GLTA - gotta' go to a meeting.