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I just want them to recognize that they are not the only ones with a vested interest in this company and since it is a public company, they have a fiduciary duty to maximize shareholder value. That said, I applaud all the growth that has happened in the last 2 years but have a problem with the image of this company toward the investment community. So, I think that what I want is what all of us on this board want, and that is for the stock to trade at its fair value. Management and the BOD are obviously aware of the discrepancy, but so far have chosen to focus their efforts entirely on growth. Maybe it's the right thing to do at this stage, however I think that with the right strategy they could achieve both.
Yeah, I would like to comment on that but I'm way too upset and I think we're all wasting our breath here, because management/BOD do not seem to care.
Precisely! Maybe at the upcoming meeting they can pat themselves on the back for a job well done. What has Ken done in the one year since he's been on the board and as CMO, besides newsletters and blogs? Did he bring on any noteworthy US clients? They have all these fancy name strategies they implement and do gain new clients, but I have yet to hear of any big name accounts, that bring in big money. With many trickling clients, spreading themselves thin to service them, they will not become a big player in the industry anytime soon.
At this point, no matter how good the report, whether 10-Q or 10-K, the pps will not budge. It's been neglected for too long and management and the BOD need to make a concerted effort at promoting the company to the investment community. There is no indication that they ever will.
So there we have it, the explanation we were all looking for. If this were a true American company, with the expected revenue increase and growth potential it would be at 10 cents by now. Because it is a Swedish company we have to wait for consensus,probably even from the cleaning crew, to move forward. So, do not brace yourselves, it's going to be a slow ride. I could feel Ken's frustration reading between the lines. Unfortunately, nothing we nor him can do but wait or sell.
Don't know, but Lars wrote in the Chairman's letter that they are still aiming for at least break-even this year. However, I feel that he's really pushing everybody for profitability. He holds a good chunk of shares too and I don't think he's happy with the current pps.
Lars and the whole board are aware of the disparity between UCPA's growth and the pps and are working to correct that. He stated that the priorities are profitability, consolidation and growth, in that particular order. So, because they are not saying much until things happen and based on today's news, we can draw our own conclusions about how this strategy is going to unfurl.
I would not exclude uplisting, but that would probably come about one year before a sale or merger in order to boost the company's valuation. In the mean time it's hard to understand the total neglect of the pps, since they still have a lot of shares they can use for acquisitions and other growth strategies without relinquishing total control. A fair pps at every stage of the growth would make things easier for them too and the wait more palatable for us.
I think you're right. Carl is quite young at 38 but Niclas is almost 50 and I do not think he wants to start something else from scratch. He will drive this up as high as he can and then cash in and retire. Our problem is that I don't think he's in much of a hurry either. After all, I'm sure he draws in a good salary and he's enjoying the ride up. We may have to wait until he's ready so that we can cash in too and it may be a few years.
Because it could hardly get any worse in terms of the pps. Theoretically, it could go in the triple "000"s again and with 50M+ in revenue, break even or maybe profitable by the end of the year, it would set an unprecedented record for the pinks. But I guess management and the BOD have their own agenda so, the "performance" of the share price does not bother them at all.
Well, Ken is back in town, maybe he can provide some insight about why the BOD completely ignores the performance of the pps.
The thing is we should all be on the same page, management and shareholders. BC still believes they will do right by us all. I hope he's right cause a secret agenda alternative does not look good. After all, what is to prevent management from acting in the interest of their own wealth rather than that of the common holders? And by the way,I do not know what the state law in Nevada stipulates, but as a corporation, shouldn't they have an annual shareholders meeting? Not that we can influence the vote in any way, just wondering.
I think it's crystal clear that nothing will move the pps without a concerted promotion from the company. For some reasons, unknown to us, they do not want to do it. At this point, I believe that the only person that we should question about the matter is the chairman of the BOD, Lars Blomberg. The BOD has a fiduciary duty to maximize shareholder value, which they seem to purposely ignore and we are entitled to know why. My question to everybody on this board is: do we all write to him separately or do we delegate one person to do it?
The industry norm is 1.3 times sales, so at 50M in revenue the pps should be 4 cents. But then again, this is UCPA so the norms do not apply, yet!
Exactly! That's why you have to write to Anna-Karin to clarify things. I might be possible that since the financials are not audited by a US firm, there are differences in reporting and allocating costs between GAAP and European (Swedish)standards that she might not be aware of.
Great analysis, as usual, NBI. You should ask the CFO, Anna-Karin Darlin directly about the increase in the cost of revenue and about other questions you might have regarding the financials. Maybe we'll get faster and more informed answers than going thru the other members of the board who, I'm sure are not as familiar with reporting requirements.
Thanks for keeping us updated BC. Let's hope it's better than expected, but then again, we do not know what to expect, cause there's no guidance.
Well, it's almost 6pm in Stockholm so the workday is over. If they do it today it should pop up any time.
Got the message BC. I wrote on the same lines to Ken before and after he left for Sweden. We'll see what happens when he comes back next week. Maybe they'll decide to take action. I guess it all depends on whether or not they have available financial resources.
The BOD meeting is on the 19th.
Well, then they should do whatever it takes to up-list so we can finally get out of this pathetic situation.
Without promotion, I'm afraid it won't be a run up even after very good financials.
Unfortunately, so! At this stage, if they do not start actively promoting the company, even very good financials will make little difference. I hope I'm wrong, but I do not see them ready to take the necessary steps, yet.
I feel for you man, but unfortunately that's the direction the whole world is heading toward.
What? Work without vacation for several years like we do here?
Every single newsletter since they started putting them out has been positive, with growth in all companies of the group. Also,every year has been financially an improvement over the one before; and yet we are still ten times undervalued with dismal volume. I'm afraid even good Q2 numbers won't be enough to get us out of the trench. After years of complete neglect, this company needs a major overhauling of its image to the investment community.
I mean, there's a lot more you can do with a higher pps in terms of acquisitions, mergers, image to the investment community, not to mention personal wealth. Plus, I would think you would want recognition for the hard and successful work you've been putting in all these years. As it stands right now, investors are saying: "Yeah, you did good, actually very good and you will do even better, but I'm putting my money on scammers, cause you're too real for me". So, yeah, I think they care, or at least they should. I know Ken does, but he's just one person on the board and he does what he can given the history of the lack of promotion and the clash of cultures. Hopefully though, he will prevail.
You're probably right. We'll wait for the Q2 fins (which should be good) and a couple of weeks after that, to see what happens. If it still does not move, than they need a whole new strategy, because there are several factors that no matter how much actual growth and growth potential they show, it's just not enough to entice new buyers. They will have to figure out why is it that there are plenty of buyers for worthless pinks but not for a real company with growing revenues and customer base. All we can do is speculate and give our suggestions but ultimately, it's up to them to figure it out; after all, they do have a fiduciary duty to maximize shareholder value. If any of those "pot" stocks would post the same financial results as UCPA and have the same S/S, I would bet they would have a market cap of at least 300M. This is frustrating to say the least.
BC, I can't put my finger on an exact figure but from my e-mail exchanges with management they hinted that Q2 numbers will be positively received. That's when I was complaining about the low volume and pps around 0.003, suggesting that it should be ten times higher. So,I am about 90% confident revenue is going to be over 10M, maybe even higher than Q1.
I think it's going to be more than that.
Great, thanks BC! When is is going to update on the "QUOTE" page? As of now I can still see the old description.
Well then, somebody who can modify it should do the update. As it stands now it does not reflect the recent changes.
Who's responsible for the company's description here on Ihub?
That needs to be updated to state it's an American company headquartered in NY city, with multinational operations, etc.
They had better, because otherwise no newsletter or good Q2 fins are going to move this thing. After studying other foreign entities on the OTC listed in the US, I have come to the conclusion that they have to present themselves always as an American company with multinational operations. For whatever reasons, investors here seem to prefer to put their money into locals, no matter how crappy or nonexistent the performance. That's probably one of the reasons why they now list their headquarters in NY and the suggestion most likely came from Ken. He's our best hope if this is ever going to take off.
It's in the Officer/Director disclosure from June 6, 2014, page 2: $22,000 for 91,582,492 shares (5.6% of O/S). Then on page 3 they list the officers, directors and persons controlling more than 5% of the stock and Lars Bonnelyche is in there, so it must be him. What a deal he made!
Your numbers are correct and hopefully the pps will get there soon. That would mean that Lars Bonnelyche, the guy that loaned them $22,000 and converted in January 2012 into over 91 million shares would then hold over $3 million worth of stock. Not a bad investment, not bad at all!
Just wondering if anybody on this board has ever come across a company with UCPA's results and prospects that was still in the "pinkies" and generated no interest?
If they're not selling now they'll regret it, because triple zeroes are coming soon followed by a R/S with the price tanking even further. Just typical for this company, look up its history of dilution and R/Ss.
Thanks! So we're not going to see that for a while since they're pinching pennies for $100 PRs; plus, they can buy fruit for many years with money from just one filing.
Does anybody have an idea about how much it would cost UCPA to have audited fins and report regularly with the SEC?