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I'm all in on RGLG. Paul and UNSS are a waste.
We sure lost out here.
Goes to show it all starts with the Jockey!
Funny you say that about a Preacher.
$21,875,000 UNSS VALUE -- Paul's inept management is criminal.
If you go back in press releases Paul committed $8 million to Entrex for 40% of the Entrex Carbon Market. That today, according to the deck, and assuming I'm reading it correctly; on existing sales could be worth 40% of $873 million! We would love that.
Looks like the only good news was the UNSS PIPE which invested $250,000 getting us 2.5% back then -- no idea how that has been diluted.
Therefore we get (assuming no dilution) 2.5% of $873m which could book our equity at: $21,875,000. Assuming they operate as they suggest.
So it is GREAT for us. But Paul will figure a way to screw it up and squirrel it away!
I'm not even sure he, or his feeble accountant, knows how to book it!
Watkins sent me his deck to me as an interested investor.
Check it out, He's raising money while merging into a public company (he did not disclose). BUT with his current orders he proclaims UNSS had a 300+ million acquisition -- but at the current P/E he believes it could get to nearly 900 million in the public market properly promoted.
That sounds great but we lost $600 million in the deal or lack thereof.
I feel it is criminal what Paul missed.
And I think Watkins like to hear himself talk. Check it out:
https://blockchain.entrexcarbonmarket.com/entrex_Marketing_Videos.nsf/player.xsp?documentId=D9D9AE96B3919CE085258948004B3177
Anyone seen Entrex's Deck for this raise?
Would be interesting to see what our valuation might be. Not sure if Paul would tell us.
From the meeting with Watkins -- can we ask him?
200 million share dilution!
Appears we have two options:
Landrew pulling the trigger on his son's $20,000 "loan" (which never hit the cash-flow statement) which issues 200 million shares.
or
Landrew paying off his son's note with some of the Entrex shares! (The only value I see here)
An extra 200 million shares puts us nowhere (which is where we are).
Anyone think we can cause some corporate action here?
Entrex EDGAR statement shows $91.33 a share. What's UNSS portion worth? Anyone Know?
Entrex News Again.
This is interesting - they have made an "significant' investment into a trading platform.
Somehow that makes me think news is upcoming.
Missed the boat on this one. Not for lack of trying.
Another Entrex SEC registration?!
Does anyone know if these guys are accepting investment?
I get a Google alert on Entrex News.
Entrex new SEC Registration!!!
What did they announce today? Check out their news.
Appears my hopes and prayers are not being heard.
A shame really. What an opportunity.
I second "stand up guy".
He's the reason I got in this deal. Glad to see he is still willing to connect.
Does this Paul fellow have plans?
Assume since he blew up the other deal he has something better in the wings. Is he teasing us? It sure is getting old.
I see two reasons for delays.
One: Paul has lost credibility with his accountant and lawyer. The lawyer was caught not disclosing the Felon! That makes the next lawyer writing the legal letter a little suspect. OTC reviews and remembers the first lawyers mistake: it was a career move for them. The Accountant adjusted shares but with no offsetting balance sheet item as alluded in the filing (appears a little catch up is due: again).
Second: OTC is a regulated broker dealer with an ATS election (https://brokercheck.finra.org/firm/summary/153944) therefore THEY are accountable for the flaws (and rules) associated with trading any securities. Since their compliance found the lawyer's mistake (which the lawyer was to find) they now are equally concerned about any second lawyer's representation (as in what else was missed).
In the end. The OTC market is responsible for trading per their rules. Which have been abused by UNSS. Not unlike other companies in the OTC world. But certainly there must be great hesitation based on the past "findings".
Paul had a credible team with Entrex - look at Huizenga's history of taking shells to NYSE. He, Paul, should have let the pros do it.
I'm hoping my money isn't wasted and he'll get back on track for his own wealth and my money!
UNSS Board "challenges"?
I swear we heard OTC said there was a "challenge" on the Board. Then it seems it was resolved. Never good that OTC found the issue and legal counsel did not!
Anything Happening Here?
Seems like a lost cause.
Press? $7.25 million in value?
If you look through Entrex News it appears UNSS made a $4m commitment back in 2019. It doesn't say so but that $250,000 might be from that. Which leaves us POTENTIALLY with 2.5% of Entrex Carbon Market. On $290 million that's 7.25 million.
My math shows a 29 times increase in investment - that's good.
Is this on the financials? There's some stock distribution on a PIPE last I saw?
Seems like we have an asset here. If my research is correct.
Maybe I'm being hopeful.
Buy-Out?
I watch Entrex News "Obviously". Their buy-out proposes $290 million in 2023. Don't we own some of that?
Huh?
Am I missing something?
Paul's shares have not changed share count in years and Watkins never had any. How would they pump and dump?
A silly and unfounded accusation that doesn't deserve to be in this forum.
Entrex $520 million! You guys see that?
Not sure what/where Paul is on this. But that is meaningful.
Damn.
Are we back to MIA status?
That's positive news! Any idea its worth?
Shouldn't "some" value be on the Balance Sheet
I can't quickly find in the press but I think UNSS has a buy-out agreement for the whole thing.
Do we own any of the Carbon Market?
I saw this new release -- didn't UNSS commit capital to this? Doubt it was funded but you never know. Don't see anything in financials that discuss it.
https://blockchain.entrexcarbonmarket.com/EntrexNewsFAQs.nsf/0/9A5422A8B76CE4838525885B004EEB8D/%24File/06-06-2022%20-%20Entrex%20CarbonEase%20Press%20Release.pdf?Open
Makes me sick.
My narcissism makes me keep watching Entrex -- they appear to have partnered with the Nation of Hawaii (What?) for some new carbon sector.
https://entrexcarbonmarket.com/news-media/news-releases/
Anyone know if they are still interested in UNSS?
Didn't UNSS invest $4m in Entrex?
I saw a press release.
Did that happen? It included a buy-out.
We might still be onto something!
We lost the guy that cared!
Seems to me the only manager that cared about us stockholders was Watkins - Paul does nothing but lose us shareholder value.
No value in waste to energy.
That ship sailed. Paul is desperate but has no idea how to create value like the prior team.
I'm stuck with buying in for Entrex.
What does it mean when you get scammed?
Per google search seems to me I was deceived into believing he was going to do his job and was defrauded of my monies.
transitive verb. 1 : to deceive and defraud (someone) … the law firm had got the lucrative job of defending the corporate head of a savings and loan that had scammed another thousand or so people out of their savings …
Watkins
I'd say he took advantage of the time by building a company. Shame we are now not a part of it.
Hoping to be. I see one detriment.
100% behind that. Paul's a scammer!
There may be no justice for incompetence. But there is one for fraudulent intent.
Based on the simple thing he had to do pursuant to the contract, especially as a non-operating company, he represented to us and Entrex that he'd do his part.
That's fraud.
We were scammed!
We can certainly make it uneasy for him.
Paul/Watkins
Seems to me I heard this same stuff from Paul - through Watkins.
Ever hopeful - never executing.
After three years - nothing changed with intent - still rests in Paul's execution.
I'll watch - but Entrex offers a distinct upside I can't imagine Paul finding elsewhere based on his execution abilities.
Agree with that.
Bad Blood
I'm here for Entrex -- Watkins doesn't appear to have bad blood with Paul and UNSS just more of a "matter of fact" attitude whereby "Paul has to deliver on his side of the deal".
Watkins told me "the 3 year merger took explaining with no quantifiable end in sight" when explaining to professionals on Wall Street -- therefore the whole thing was a negative -- as in little upside.
I believe when ready Watkins will consider and if the opportunity works together this could be big, big, big.
And if Paul finds a better opportunity -- that would be amazing!
All said -- Paul still has the same job to do that he's been ineffective doing for the last three years.
Here's Hoping!
Four days to file an 8k.
Seems like that is today -- although we know Paul is always late.
Sloppy, Sloppy, Sloppy.
It was so nice to see professionals for the short time we had them.
Still hoping -- but under UNSS leadership we've got a dud.
8K - Doesn't UNSS have to update this formally?
This is a meaningful screw up on their part.
$120 million in working capital!
These guys are doing well. How do we get Paul off his buttocks?
Legal Opinion is the hardest.
Financials are the simplest as he is filing a compiled (meaningless) statement with basically zero business activity. The balance sheet representations and stock holder representations are key.
The Legal Opinion requires a professional to do due-diligence and opine on the substance of the disclosures. The last one missed, if I recall correctly, a criminal on the old board - which kudo's to the OTC team for finding!
If I recall Watkins said new counsel was hired by Mr. Landrew, and should be reviewing all the documents to file a new Legal opinion with the OTC.
Frankly the more credible the lawyer the harder this is to execute. You get what you pay for here.
Any merger candidate, Watkins included, rely on Mr. Landrew's representations and the Legal Opinion -- which define that "what I've said is true". Therefore any hidden things that come out become representation issues for Mr. Landrew and his Counsel to defend why they were not disclosed. Typical for OTC mergers.
I agree.
Watkins appears to not be asking for more than originally promised.
Seems to me Paul either has to deliver or be prepared for an onslaught of legal action for negligence, or at a minimum tortious interference, in executing this transaction.
Legal discovery will show if Watkins was unreasonable or Paul incompetent.
Light the fire!
Paul had one task
Seems to me Entrex/Watkins were more than patient. Watkins has not asked for more than promised.
Paul lost a significant amount of money in my book. As did I.
If we are lucky Paul will focus. If not the shell should be worthless.
I thought this was one of the better mergers with a great team and what appears to be great market timing. But alas not. No fault of theirs.
Light the fire!
Paul had one task
Seems to me Entrex/Watkins were more than patient. Watkins has not asked for more than promised.
Paul lost a significant amount of money in my book. As did I.
If we are lucky Paul will focus. If not the shell should be worthless.
I thought this was one of the better mergers with a great team and what appears to be great market timing. But alas not. No fault of theirs.