...(put something here)
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Time to sell, take profits. The party is over. Will start to drop and close at or near the open price.
yep, the company is diluting
Dilution....
Flush
VFIN is the transfer agent (MM)that UNGS is using to dilute....
The company is diluting at the bid. They've been following this same pattern for the last year. They put out glossy PRs, people buy, and then dilution comes driving this lower. So predictable.
if you say so!
Don't you get it? That's who the comany is using to dilute its shares!
You're correct. My assumption is that the company is diluting into these PR's. That't why the stock doesn't get any traction upward. Hope I'm wrong, but I suspect we'll slide back down today to .0004 or .0005.
At a trading price of .001, a $400K (to $650k buyback) would purchase all the outstanding shares as of today, approximately 400 million (if not more). At .01 they would purchase approximately 40 million shares. Got to wonder if this passes the smell test?
This is good news. But I have to wonder why they would announce an increase in shares authorized to 1.8 billion (December 1, 2011) and then today announce a share buy-back. I still think the price is reflective of the company diluting as we speak. I wouldn't be surprised if they are the one's selling into this ralley. I hope not.
why only liguidate....interesting...any idea why?
http://www.usnatgascorp.com/management_presentation.html
Check this out. Go to their website and pull up this audio. It has a post date of July 2011 but this is the first time I've noticed it. He actually sounds intelligent!
At 1:08 Wayne Anderson speculates that top line revenue will be approximately $6.7 million over next 24 months. Interesting to say the least. I wonder how they are trending against this number.
I hope so. As much as this is a pink sheet company, they have invested in a number of oil and gas producing wells that appear to generate revenue. However, the financials don't show that they have made any revenue off these wells, and I wonder why? All be said, I think this can go to .10 in a year or two if they can show some revenue.
a little over 5 million shares.
Go ahead and slap the "bid" monkey all you want. This little critter is going to get whacked on the "ask" and fall hard!!!
Time to pull the rug out from underneath this critter!
What was that? Looks like the little critter got his head whacked back down! lol
that's because Yahoo doesn't report in increments less than a penny. If it did, the book value would be .003, give or take.
way, way down....whack-a-mole!
going down, down, down
whack...whack....whack
Whack...Whack...Whack...down he goes!
Everyone ready to play WHACK-a-Mole!
Wack-a-mole!
Expect this little critter to get its head whacked back down on Monday.
Looks like the company is taking a breather from diluting itself. But just when you think this might go up, watch out below, because I think the company still has 100 million or so left to dilute. We'll see.
If we can take out the 19.6 million shares on the ask, then yes, I would say we are near bottom. If not, then we're going much lower, and quick.
soon to be 500 million o/s...bottom is .0001
Want this stock to shoot through the roof? Get in the coffee business...screw oil and gas, or whatever they say they are doing!
soon to be 500 million o/s
Anybody here seen first hand their operations....to see if they actually exist, functioning, pumping oil?
Another 150 million to dilute by company...bottom is not in. Wait for the next PR by the company - and watch the sellin kick in.
dilution = pollution = posion = crap = another PR
no bounce from here, and certainly not to .0030 until the dilution stops. Plus there is additional 19 millions shares for sale at .0029, or there was this morning.
Finally, someone gets it (besides Monkey).
LOL...I wish I could be more optimistic. But until this dilution and selling stops, it will stay under .0030.
Sorry, bitch slapped at .0029!
this will get bitch slapped at .0031...watch!
You don't get it! I'm not dissing the stock, I'm dissing the company for constantly diluting the stock, which is killing the momentum every time this stock wants to run. Mark my words (and I hope I dead wrong) but until the massive dilution clears up around .0031 (i.e. people selling selling the shares given to them by the company for work, etc.), this stock will not move past that price point.
Yes, I am a sock puppet with over 5 million shares, and unfortunately, at a much higher price than today's close. To be honest, I have 5.1 million shares at .0089. Do the math, about $44k invested. Yes, this was momentum play for me, not an investment. But I rode it down thinking it would push back over .02, and perhaps to .03. So shame on me.
What's holding it down is dilution. Just ask others who have been around for a year or two.
To be even more honest, what you've told me about yourself is that you really don't have a clue as to what's going on, and to suggest charts are telling you everything is comical. Even you, I think, know better.