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Stock down 13%. Investors must not like what they heard in the shareholder letter. Why would Andy say "As always, we appreciate your continued support". For us on this board, that statement is an insult. We have ALL lost a ton of money (some on paper, some real). Stock has been a horror-show, and now there is no stopping this downward momentum till $0.04. I hope that's the bottom, but maybe the plan is to go "private" and mgmt to buy all outstanding shares at $0.01? Just so darn frustrated and MAD!!
Straightshooter--thanks for that info and shareholder letter just came out I hear.
Straight shooter, what do YOU think the stock is worth? I read all public documents on UGSI, and I know they eliminated a lot of high interest rate preferred stock on this deal (positive).
But besides Riverwood getting 2 seats on the board (maybe positive), and assurances that no new common stock was issued, I can't see how common shareholders come out positive on this...and this could be the reason for the large 25,000,000 share sale at $0.04. Maybe that seller doesn't have 7-10 years to wait?
Riverwood capital looking at a 7-10 year investment. They are not in it for a quick buck. Check out their website. Average investment timeframe is around 7.5 years. Do you have time to watch your investment in UGSI do nothing for this time period? Most of us have already been involved for over 10-years. Right?
Maybe Andy will announce a buyback in his upcoming letter? NOT!!! He doesn't care about shareholders!!
450,000 shares trading. Stock at all-time low. Thanks Andy!
Agree pipeliner3, I would have loved some of that $0.04 stock. My problem at this point is who in their right mind would want to buy this stock now? I sure won't...but I'm not selling a share, for now! Remember, NES owns about 25,000,000 or so shares. That company is going bankrupt and would probably love to sell their position at $0.04/share.
Take it for what it's worth. Lots of work on the $0.04 large trade info and the Pictet info. Why doesn't someone do there own work to confirm or deny mine? (Of course, one would be wasting their time in that my facts are facts!)
Sorry, cannot do that.
Yea, agree there. "No complain, no explain". I'm sure letter will describe another blockbuster quarter, but of course no numbers - and no mention of stock hitting multi-year low!
Interesting? Hey Sewer Dog. After doing some work checking out Pictet's holdings, and making some calls to the company, I found out that the company no longer has a position in UGSI and that's it's been "quite some time" they have been out. Remember, when a large holder wants out of a position in this stock, they have to either work with UGSI management and/or do something private. We know that this stock doesn't normally trade 20, 30, 40 million shares (although we also know that there is over 700,000,000 shares outstanding). And why would any normal intelligent person want to buy this stock at $0.10 when someone or some firm just sold stock at $0.04?
My point is that the management of a company is responsible to the board and the board is responsible to the shareholders. Andy is CEO of the company and is on the board. He has not fulfilled his obligation to the shareholders, ie me and you. And maybe we should get someone who IS responsible to the shareholders? I'm saying lets shake up this management/board! It's time for the shareholders to start getting rewarded!!! As George W. Bush would say, "you are either with us...or against us"
Down 23% right now. For all you Andy lovers, "What has he done for us...lately?"
That article/post must have been in my previous life and UGSI was probably $0.17-.20/share?
Sewer dog. Maybe Pictet was the seller? Or maybe NES sold their position (because they need money to survive another quarter?) Either could have been desperate to just "get out" and took what they could get.
It had to be a large shareholder. I agree, the company would not sell stock at $0.04.
Refresh my memory. Why are we still invested in this stock? It's been over 10-years and not one of us on this site has made a penny on this stock. Why are we hanging on to this horrible investment? On paper, I've lost a ton of money. So what if revenues are up 20% every quarter (according to the quarterly letter). We are not privy to what the plan is (if any) to go public or even to start providing financials to its shareholders. Comments from all appreciated.
Don't know why? Stock under $0.08 today on 30k shares trading.
Don't think this was options related. It was an outright common stock sale!
How can this be positive? $0.04/share? Wish I could have bought some of this. I have no intention of selling at this point, although I'm extremely frustrated since we still get no information on the numbers and if/when the company will do anything to reward its shareholders. Pitiful!
Someone needs to contact the company and just ask the question! There's no doubt some of the weakness in the stock the last couple months was a result of someone bailing while the deal was pending. 25,000,000 shares were in play and the number was $0.04/share. If I knew there was this much stock coming out, I would have bailed at $0.12, 0.11 or maybe .10. There were some nervous seller(s), who knew something was going on!
Sewer dog, you know me. I'm not just putting info on this site for the heck of it. I believe my friend. Maybe some large shareholder contacted the company and they arranged the transaction. Maybe someone who has an "in" with UGSI can try to confirm or deny this?
Heard it was some sort of private transaction, so did not show up as a print. No letter yet as far as I know.
Just heard from a very reliable friend that company just unloaded 25,000,000 shares of stock at $0.04!! This is probably why the stock was acting weird the past couple months. My main question is why the company would do this? This friend of mine has always been pretty accurate with his info, so I believe him. But $0.04!! Is that what UGSI is worth?? Very puzzling and very concerning. Wonder what Wynnefield Capital, Pictet and all UGSI existing employees/shareholders think of this!!!
Where is bottom? When will we as long-term shareholders be able to vote? Most of us on this site have been with this stock for 10-years plus, but we have zero say. Why? Common stock shareholders should be able to vote...and my vote is to change current management. Tired of losing money on my investment. Could care less about quarterly update letters!
Some of my posts are not going through. Who's doing this? Moderator?
I'm excited about 2015...this could be "the year of the pipe"!
Stock looks like death. Is there any hope? And when?
This is the stock's "natural" price (0.14-0.15). Until THE DEAL is announced, the only people grabbing this for "a position", are amateurs. The pros, like us on this board keep buying around the current level (when we have the money).
I'm with you 100%, Pipeliner3--we are on the exact same page
Horrible, horrible...just wish someone would take them out of their misery and buy them out...at $13?
98% of stock owned is closely held/restricted. There is no tradable stock. Try to buy 100,000 shares at bid or in middle of spread, it won't happen. In addition, the last deal was extremely dilutive, however, stock did nothing. Holders are holding. There are no real sellers, and there are no SEC filings (the last one before riverwood announcement was Nov 2008!), so real buyers have no clue on the financials in order to make an educated analysis on what this company is worth. By the way, did you know riverwood helped gopro in its early financing before they went public? Check riverwood website. If we can only get some pr from the media about this company being an ultimate water play!!
HAL stock has been on a tear...taking NES with it. The big shorts are out right now. This is an accelerated growth story. My cost is $23...and it's been a painful wait...hoping it will get to $40++
I am on record that once Dick Heckmann was out of the picture, this company would do well. I AM RIGHT!
Riverwood making a fortune on go pro. Question? When they get involved with go pro? Was it 2005? In that case, we'll be able to cash in on UGSI in 2023. Finally a timetable we can get excited about! Please just help me confirm that it was 2005 that Riverwood invested in go pro--I might be wrong.
Andy now will have his hands full, integrating this large deal. I'm sure it will be an extremely accretive acquisition. The problem is, this puts a possible IPO off for at least a year or so. Stock will do nothing until some sort of reverse split, then IPO roadshow. Just my opinion.
Interesting! But what really strikes me is Andy now has a new website. In the company's press release, he starts out by saying, "UGSI is a PRIVATE company". I guess Andy just doesn't want to go public? He and his management team are making fortunes and the "powers to be" don't want UGSI to go public. Regarding the PSI acquisition, did you notice that there are now 2 new board members from the equity group people? That's who we should be examining...who is this group? What is their plan? How much did they get out of this deal? How much revenue did PSI do last year? Lots of questions...very little answers?
Obamination--good, back of the envelope analysis that really makes sense. I'm guessing we are somewhat in the middle, but I'm also betting that Andy might have a large acquisition in this scenario sometime in the near to intermediate timeframe. This event could be the catalyst to do an IPO. Thoughts?
Pro-life! Good to have you back! Fabulous update! Those employees at UGSI are making mints--too bad shareholders are not...yet!!
I will continue to dig for information on this stock so I can make money. If I find info before any of you guys, and it is positive and/or could cause the stock to move upwards, I will try to buy more stock before I tell anyone, including my wife and/or my rabbi (even though I'm not Jewish). This is NOT insider information...it's just some guy doing more homework than the other guy. That's how stocks go up or down people....HELLO!!!
Now let's get back to business. Will this stock ever go up again? The long term chart shows stock is going to $0.08, although technical analysis should not apply to this stock. Fundamental analysis means nothing in that there are no financials (or the people who have access to the financials have signed confidentiality agreements that they will not act on this information.)
Bottom line, most of us here have been wasting our time over the years and, of course, we all have been losing money, mostly on paper, I'm sure!
But we are all dreamers...otherwise we wouldn't be here! Good luck to us all...I still believe something positive will happen to UGSI...in 2018-2019!!
Thunderman...with utmost respect, in that I've owned this stock for over a decade, I have no intention of acting on possible insider information if it were put on this site. One gets in trouble when they ACT on the information. Plus, the last place the SEC would look at is this website and the regulars on this site who have been clueless for a long, long time. No reason to worry...just want more info on this "secret company" that none of us know anything about!!