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Oh good, somebody opened the window again! LOL
Nice to see some interest returning. Patiently holding.
I like the low volume move up today. Compared to the volume we saw in October, today's volume barely registers on the chart.
When that huge volume comes back, I suspect we'll see a sharper move up because the details of the new company are much more clear this time.
The move to .23+ was just a tease, IMO!
10-Q coming out next.
Yield sign coming down soon as well, IMO. They are providing us with all the information we need in a timely and orderly fashion. No reason to believe they won't get rid of the yield sign as soon as humanly possible!
https://www.otcmarkets.com/stock/UNQL/news/story?e&id=1793071
Looks like the morning coffee break is over. Inching UP!
This stock reminds me of the time I tried to spit out of a closed window.
They must be surprised the PPS didn't rise yesterday as well.
Today's news cuts right to the chase, detailing all the important numbers. Plus, they promised the November Q-10 within the next several days. At that time, we'll probably see an attorney letter with respect to current information, IMO.
They are doing an amazing job of keeping us updated!
Total revenues of $115.1 million
Total assets of $35.9 million
Stockholders' equity of $1.3 million
Loss from operations of $1.4 million
We intend to file our November 30, 2020 Quarterly Report on Form 10-Q within the next several days.
https://www.otcmarkets.com/stock/UNQL/news/Unique-Logistics-International-Inc-Announces-Filing-Of-May-31-2020-Audited-And-Pro-Forma-Financial-Statements?id=287419
Looks like they paid about $12.2M for $30.5M worth of assets.
This is from today's 8k, and I have only taken a preliminary look at it.
https://www.otcmarkets.com/filing/html?id=14635923&guid=FlgKUaYBuoDWxth
Anyone agree/disagree with these numbers?
I don't know what we're waiting on, but they are doing a great job of keeping shareholders informed.
According to investopedia, the 10Q filing is very common to see when companies merge.
https://www.investopedia.com/terms/s/sec-form-nt-10-q.asp
You have not produced any evidence that your analysis is supported by anyone other than yourself.
Sorry, but I cannot rely on an outlandish theory that is only supported by one person.
No, that is what you are basing your speculation on.
Is there any other published opinion in the world that concurs with yours?
Surely if these accusations you present are valid, there must be hoards of angry shareholders, outraged physicists and scientists, and a growing movement on social media to expose the fraud.
Please present ANY OTHER DOCUMENTATION that shows at least 1 other person agrees with your analysis.
Agree. I hope they respond to the proposed second merger in the upcoming filings.
This merger and the proposed merger with UL China and UL India will bring most of the major components of the company together into this one shell. Looking through the partners and subsidiaries of all these involved parts, it puts UNQL in a very commanding position.
IMO, this merger is much larger than the market presently realizes. Having "just" the USA companies come together with ULHK (the parent co in this present merger), looks to be step 1 in a two part merger.
Also interested to see this proof. All I've seen so far to support the scam theory is public documents presented in such a way as to promote a personal opinion.
Thank you for that report. I bet he was talking about moving to the office in Jamaica, Queens, the East Coast parent office:
https://www.dnb.com/business-directory/company-profiles.unique_logistics_holdings_inc.f251b48aa396af1cc88a1b3430fa789c.html (Jamaica parent office)
https://www.dnb.com/business-directory/company-search.html?term=unique%20logistics&page=1 (Complete UL company list)
IMO, we will soon merge with the China and India branches, so whatever we are paying China now, will reflect in our own balance sheet later.
From the 8K explaning the future proposed merger:
https://www.otcmarkets.com/filing/html?id=14439879&guid=ZE9eUaOYJWeXq3h
I remember that situation. We don't know what the individual problems were, so it's hard to determine where the fault was.
I don't see this falling apart internally is maybe a more accurate statement.
So we're waiting on the merger disclosure filings, correct? If there's anything that needs to be voted on, we should see a 14C posted, or at least an 8K explaining the merger.
Maybe Petzel isn't great with timing, but I'm sure his attorneys are on top of the back office paperwork and would not let anything happen to hurt the progress they just worked so hard to achieve, IMO.
Not directed at you, I made a general statement. There are hundreds of shareholders who could potentially hit a market sell. I see it all the time. Yesterday there was one that was raging past .02++ and it got hit all the way down to .004 for large size. Another one last week was trading through .0025 and got hit all the way down to .0013.
Those were market sells that didn't make any sense and the tickers bounced right back. One shareholder does not control anything.
I hope you pick up some shares. My bids are down low, just in case someone market sells a block or two.
We're all reading the same filing. IDK when things will happen, I just know what the filing says. Here is their comment on that:
https://www.otcmarkets.com/filing/html?id=14626449&guid=vqlKU6WeerO1oth
True that. Still nothing to worry about IMO. As far as I can this extends the filing deadline by only 5 days.
I'm happy to see they are still doing everything by the book.
https://www.otcmarkets.com/filing/html?id=14626449&guid=JalKUFrrYv77Zth
Looks like a 5 day delay in filing?
https://www.otcmarkets.com/filing/html?id=14626449&guid=vqlKU6WeerO1oth
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
UNIQUE LOGISTICS INTERNATIONAL, INC. (the “Registrant”) was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the period ended November 30, 2020 (the “Quarterly Report”) by the January 14, 2021 filing date applicable to smaller reporting companies due to a delay experienced by the Registrant in completing its financial statements and other disclosures in the Quarterly Report. As a result, the Registrant is still in the process of compiling required information to complete the Quarterly Report and its independent registered public accounting firm requires additional time to complete its review of the financial statements for the period ended November 30, 2020 to be incorporated in the Quarterly Report. The Registrant anticipates that it will file the Quarterly Report as soon as practicable.
Whether or not people find my posts useful, I cannot control. But what I can control is my attitude when I post.
I post my information with good intention, I spend hours on the iBox, and I write well thought out posts with links to all the information I reference, so people can look for themselves. I don't bash or pump, and when I post an opinion, I say it's an opinion.
Amount of shares doesn't matter. If I had 100,000 shares I'd put in the same effort as if I had 100,000,000. I have never disclosed how many shares I have and never will. That information is not necessary, IMO. I know that the company is bigger than any one of it's shareholders. What keeps me here is my belief in the company and understanding the DD I've uncovered. If the DD changes or falls apart, then I'll reconsider my position.
If you don't appreciate my posts, then pass them by. I post information and opinions. If you'd been paying attention you would have seen the answers to your question.
Your shares, your decision. Doesn't matter to me whatsoever what you do or where/when you sell them. I am focused on Unique Logistics, not loganzrun.
The information you requested has already been posted here.
What you do with your shares is your business. I'm more interested in the 30M to 50M volume days that will drive the price than any short lived dip the sale of 1M or 2M shares would cause.
If he can't, I can, and have already posted it. But I'll post it again if needed.
Actually, naw....find it yourself.
+1 on your entire post!!!!
The timeline here has not only been on the mark, it's been going extremely smoothly so far.
When we see these filings and updates pop on the screen, they represent a lot of legwork and a lot of paperwork. In this case the paperwork is coming together from different countries, that have different laws, speak different languages, and have their own separate regulatory agencies scrutinizing everything.
We got the 8K last week that updated the company information. There is no delay. Thanks for your sensible post chriscares.
Innocap, Inc. Year End Message To Shareholders
NEW YORK, Dec. 14, 2020 /PRNewswire/ --
https://www.otcmarkets.com/stock/UNQL/news/story?e&id=1765115
Message from CEO:
"As 2020 draws to a close, I take pleasure in reviewing some of our accomplishments in recent months. In October 2020, through the merger with Unique Logistics Holdings, Inc. ("ULHI") we acquired a thriving global logistics business. The acquisition comprised three individual companies under ULHI with a substantial United Stated based book of business and an experienced employee base.
We have successfully integrated the three companies under one management team, one operating system and a unified vision of the future. Synergies in services and administration have enabled us to make substantial savings in overhead which will be visible when we publish financial information in the weeks ahead. We have been successful in securing new business contracts and in establishing a business development presence that is driving growth and will continue to do so.
****Hinting towards future international expansion. Remember the proposed additional merger with UL China and UL India? -Myth
We will continue to grow our United States presence organically, while also seeking to aggressively grow our business through acquisitions within the United States and in key overseas markets resulting in widening our range of services to our customer base and greater control of services in the supply chain of our customers.
**** $25M credit with CoreFund Capital LLC. Used CASH to pay debts. No outside financing needed.
We now have well established credit facilities to support our growth and have successfully used our own operating cash flow to make early repayments to debt holders.
We approach the close of a tumultuous year for all of us. On behalf of my Management Team, I would like to thank all of our loyal shareholders and wish each of you and your families a successful 2021 and a better year for the world. The Management of INNO and our dedicated team of employees are committed to your success!"
- Sunandan Ray, CEO
Thanks for the reminder about that $20M contract.
If anyone cares to look over the iBox, the PR explaining the $20M contract from December is linked there, along with other DD that explains the present merger, the proposed future merger, and links to all of the involved UL partners and subs.
I think the most overlooked DD tool here is the iBox. Someone did a great job putting it together originally and I've been adding and updating as needed.
From what I can tell by looking over the filings involved with the merger, the present PPS is extremely undervalued. I'm not an advisor or anything like that, but it is my suggestion that folks have a look at the documents that describe the merger that just took place, and the proposed future merger with UL China and UL India. To me it looks like all of the large parts of UL are coming together, and the ultimate parent company....UNQL....will have control over most of the smaller parts. Look at all of the subsidiaries of the merged in parts.
This is so massive it's difficult to put a value on it without seeing official filings for UNQL.
IMO these are the two most important filings to date:
https://www.otcmarkets.com/filing/html?id=14439879&guid=ZE9eUaOYJWeXq3h
https://www.otcmarkets.com/filing/html?id=14551438&guid=OfMqU6t2yxYHs3h
Wouldn't it be better to wait for the Montecristo filings before making an evaluation such as this?
The filing you referenced....as far as I can tell is for the old company, before the merger, and does not even mention Montecristo.
Not being cross, but the big event we've been waiting for here is to see the filings that have the Mointecristo information. The filing you referenced does not include that information and has been posted for over a month.
I can't agree that this is a sell off. Accumulation hasn't fallen and the volume is very low. Look at the volume from October and early November. 53M is the first tall green volume bar. Accumulation has never fallen significantly since that initial run.
IMO what we're seeing now, and what we've been seeing over the past weeks is a low volume walkdown to get as many cheap shares as possible.
Nothing that I see indicates a selloff.
We can't ignore the shell's history with OTCQB.
Innocap, the old company who occupied this shell was OTCQB certified for several years.
QB is a much more suit and tie type of market than the pinks will ever be. So I guess the question is, do we see Unique Logistics as a suit and tie type of company, or are they more of a ripped jeans and worn out boots company?
I think the previous QB certifications were one of the things that attracted Unique to the Innocap shell. It signals that the shell is already ready for a future move to a higher market, and it guarantees that there were no underlying problems with the shell that would prevent such a move, at least up until 2018.
Here's a snip from one of the certification documents:
https://sec.report/otc/financial-report/198183
https://www.otcmarkets.com/stock/UNQL/disclosure
As soon as there's a lull in anything, people fall right into these low volume share stealing traps.
There is no way the merger could fall through at this point. NV SOS has been updated, FINRA has granted the new company's name and ticker change applications, and the new company issued an 8k explaining what just transpired. We know the merged in companies have significant business and revenues, and anyone who was watching the last run to .23 knows how easily this moves when volume comes in.
Lets not forget the possibility that we could get another merger announcement with this first set of filings that would add UL China and UL India to newly formed company.
Too many huge catalysts about to unleash for me to think about selling now.
LMAO, look at the board we're talking on. This is one of the tickers that targets the new and inexperienced traders who don't understand how markets work. Anyone with a more advanced understanding of markets is not focused here in the slightest bit. The only reason I'm here is because I wanted to ask a Finra question, but then someone took a remark about shorting way out of context and launched a multiple day campaign to perpetuate a well known lie.
This is the primary target audience to convince that ASCM is not a short seller.
I know how scams work, and I know that it's easy to scam mostly beginner traders who have no experience identifying buyers and sellers on L2, and in many cases only have a basic understanding of how shorting works.
You still never addressed my serious discussion about bullets and how they allow traders to short stocks under conditions that would otherwise be illegal.
There was also no explanation about how brokers like Interactive Brokers can provide borrowable shares for shorting OTC stocks. According to your information, shorting OTC stocks is illegal and does not happen. So how is IB able to allow their retail customers to short OTC stocks? This is a major broker who is, according to your information, allowing their customers to break the law.
But what new OTC trader would ever go to IB? They are one of the most expensive, especially for OTC because they charge by the share, not per order, and as beginners they are probably more dazzled by the possibility of turning $100 into $1 million than they are looking for a broker who will accommodate their OTC shorts.
In any business, the beginners are at a disadvantage because they lack the hands on experience to fully understand how the business works. This is where being street smart has the advantage over being book smart.
I agree, but I'm thinking we get filings very soon, perhaps even today? That 8k showed up yesterday without warning. Filings will hit the same way. Nothing nothing nothing and then BOOM!!!!....the consolidation will abruptly end, IMO.
https://www.otcmarkets.com/stock/UNQL/disclosure
There's no magic involved with him shorting.
The magic would be him coming up with huge long sale block orders on random tickers that fit his algo's pattern.
Maybe study up on how algorithms work. They identify patterns and react according to their programming. In the case of ASCM, one of his parameters is a high volume run up. If anyone is watching L2 when he comes in, it's easy to identify the pattern that triggered him. Not magic, it's a computer program.
I expected our conversation to go something like this:
Me: Looks like a screaming short to me.
You: LOL yeah, what a piece of trash.
The end.
But instead, now there's a 20 or so post smoke screen up that's meant to protect ASCM and his interests, perpetuating the farce that he does not short.
Someone has a hidden agenda here, and it's not me.