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jps1,
Dr. Stephen Brown just happens to be Ray Brown's son. Ray was Chairman until stepping down recently due to health.
jps1,
You have a few momo players that have jumped in here which created a little buying pressure.
I'm afraid they are going to be sorely disappointed..... just like the last time, and the time before that, and the time before that.................
This is nothing but a Death Spiral Financing SCAM, and has been for the last 6 years having maxed out the OS of 5 Bil. twice and then doing two massive reverse splits. The third one is not far off!!! The SEC has an ongoing investigation of UNI-CON.
By the way..... charts are absolutely meaningless when the company is massively DILUTING the stock.
jps1,
Sorry.....WRONG!!!
From the latest 10-Q filed 1-14-2010
"As of January 12, 2010, the issuer had outstanding 1,218,000,643 shares of its common stock, $0.001 par value per share."
And based upon trading patterns since then UNI-CON has DUMPED at least 500 mil additional, new, freshly printed shares>
drpepperpremed,
The volume today, and for the last few months, was nothing more than UNI-CON DILUTING the crap out of the stock. At least 250 mil new, freshly printed shares hit the market today!
Wanna bet??? Sorry to bust your bubble but this is nothing more than a Death Spiral Financing SCAM and has been for quite a few years!!!
The dilution machine is in high gear....
Here's 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
And there have been over 500 mil new shares added in the last 3 weeks
However, charts are totally meaningless when the company is DILUTING the crap out of the stock. At least 225 mil freshly printed shares have been DUMPED today
iwant!mil
Sure it makes sense. That's the ONLY way UNI-CON has to fund their operations (think salaries).
They got so deep into the Death Spiral Finanging game that this outcome is inevitable, especially when there is NOT a proven ore body
They did things backa$$wards. Thye built a mill before they even knew what they were going to put thru it. And by their own admission they have no plans to identify a resource.
iwant1mil,
Finally catching on....eh?????
LGL8054,
The SEC has an ongoing investigation of UNI-CON. Those wheels are turning slowly though.
LGL8054...
A 'little' correction.....
"As of January 12, 2010, the issuer had outstanding 1,218,000,643 shares of its common stock, $0.001 par value per share."
That's an increase of almost 1.2BILLION shares in the last year.
At least another 70 mil. freshly printed UNI-CON shares dumped today!!
That makes about 145 mil in the last 2 days!!
P.T. Barnum was right.... "There's a sucker born every minute."
Yeah, that what has been said MANY, MANY times in the last few years and all that has ever happened is more dilution and tanking price
wamills...
An OBVIOUS mistake as UNI-CON has no earnings!!!
http://www.sec.gov/Archives/edgar/data/1110737/000102317510000011/f10q1041accepted1edgarized.htm
eagle_eyes...
No tailings pond.... no milling,.... no mining.... no revenues!!!
Courtesy of orowheat111...
"The DWQ (Division of Water Quality) for the State of Utah does NOT have permit on file for a tailings impoundment for Deer Trail Mine or Piute County, at least not on their website. Red Flag!
No mineral resources have ever been defined from the underground or surface drilling programs. No one is mining at the Deer Trail. UNCO can't operatre the mill without a tailings impoundment.
No reserves = no money. NO money to establish reserves but can't raise money without reserves. Seems UNCO has wasted millions of dollars promoting a milling facility instead of proving up the main asset (the minerals)."
Stick with real mining companies, NG, SSRI, KGC, GG, SLW (not penny stocks)
At least another 75 mil freshly printed UNI-CON shares hit the market today.... at least 3.5 Bil to go!!!
"Yes, there are some on this AERP scene
that actually want it to Succeed.. "
Succeed at what?????
No offices
No phone
No product
No employees
No money
Huge lawsuit against them
Again, succeed at what????
Bankruptcy????
Looks like AVEW's VWAP just keeps falling....
Today's VWAP is $0.005717..... another new alltime low.
nobody3,
You are totally correct and the following totally verifies it.
Latest update.... The dilution machine is in high gear....
Here's 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 at this time.
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
Very simply eagle_eyes...
All I want to see is Lopez, Brown, Madsen, et.al. in jail where they belong for what they have done, and continue to do, to the 'investors' in this company!!!!
And by the way, I am far from being alone in those thoughts.
eagle_eyes... Wrong again.
I have NEVER talked about 'naked short squeeze' as that is something that will NEVER happen with UNI-CON. NSS talk is done by the 'cheerleader' crowd as stock prices are tanking and RARELY ever materialize in ANY stock.
Now from another poster...
"Yes....penny stocks are indeed a gamble....the point being made by others on this thread appears to elude you...that point being Penny stock SCAMS are COMMON PLACE and learning to spot red flags will save you money.....in short: The point is: RECOGNIZE THE WARNING SIGNS AND LEARN FROM YOUR MISTAKES- BEWARE OF POSTS THAT EXPLAIN AWAY OBVIOUS MAJOR PROBLEMS AS BEING MINOR PROBLEMS
First of all eagle_eyes, you are a total newbie to this SCAM, and I am NOT defaming anyone's character.
The people behind UNI-CON have been ripping off the 'investors' for quite a few years now with their Death Spiral Financing game which only results in a lower share price. Is that supposed to be 'character'??? I think NOT!! (All of this has been documented and supplied to the SEC.)(Also, look up Death Spiral Financing to see what it is)
UNI-CON defaults on practically EVERY CD they have sold to obtain funds, over 200 of them. They have put out NUMEROUS PR's that are filled with pure BS in order to try to pump the price during the dump. These CD's are converted to free trading shares at a 50% discount to the market, plus the interest due. The CD holders (think insiders) then dump the shares onto the market and down goes the price due to the SIGNIFICANT DILUTION.
For your information, there IS an ONGOING SEC investigation of UNI-CON and it's principals.
Sorry eagle_eyes.... WRONG AGAIN
I NEVER said it was going to a penny.
And I'll be here a lot longer than you!!!!
"actions indicate otherwise"
Please explain your 'comments' for everyone on the board.
eagle_eyes,
I NEVER said the RS was 'about to happen'. UNI-CON still has about 3.7 Billion shares to dump before that situation becomes INEVITABLE.
What I did say is that when the Outstanding Shares are maxed out, which at the currrent dilution rate will be in 4-5 months, then and only then will the company be in a position where they MUST DO another RS, or increase the Authorized for OBVIOUS reasons. They have NO OTHER WAY to obtain funds to continue on and will need all the shares they can muster to dump .....AGAIN!!!
2,000,000 shares -----TOTALLY INSIGNIFICANT
Typical BS PR tout that we have seen numerous times.... nothing of any substance at all.
This is basically an empty shell with tons of liabilities. To start a 'new business model' will undoubtedly result in another reverse merger along with a major Reverse Split. The RS is needed in order to provide the necessary shares to dump to obtain funds.
Think what a major reverse split will do to your holdings ---- nothing but decimate it!!!
Just thinking out loud.
And just what makes you believe that "a new business model will be in place????? ...... and what do you think that might be????
Kathy, That was a BLATANT attempt by AERP to offload liabilities in the NASCAR suit.
Wohlsifer (NASCAR's attorney) was smart enough to see through that attempted scam and amended the lawsuit to include ALL the players - AERP, Aero Exhaust, FLO-Co and Bryan Hunsaker.
So far there are two defaults in that case --- TTR-HP and Flo-Co.
More to come!!!
choir510,
Minor correction, the Class B warrants are exercisable at $0.00004
"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."
iwant1mil,
You guys crack me up.
Charts are completely worthless when the company is diluting the crap out of the stock.
And UNI-CON is diluting the crap out of the stock. At the current dilution rate they will have maxed out the Outstanding Shares of 5 BILLION in 4-5 months.
To da moon!!! In your wildest dreams!!!
ROTFLMAO
KD,
You've got to be dreaming, right???
From the last 10-Q:
Total cash and cash equivalents $15,267
Receivables $35,671
Total current assets $170,797
(And by the way, ALL assets (what few there are) are totally encumbered by UCC's)
Accounts payable and accrued expenses $1,568,497
Accrued interest $90,668
Accrued derivative liability $136,661
Notes Payable $1,807,020
Total Current Liabilities $3,602,846
That is total insolvency Kathy.... no money squirlled away.
KD,
"and they will have to update shareholders
on the final outcome."
Sorry Kathy, wrong.....again. They don't have to 'update shareholders' on anything!!!