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Dudes,
Did this company release 2Q financials?
Can someone post a link?
Thanks
Dude,
This company has a history of reverse splits...
Not a good sign
Capital Change=shs decreased by 1 for 4.5 split. Effective date=6-8-06
Capital Change=shs decreased by a 1 for 12 split. Pay date=11/03/2006.
Capital Change=shs decreased by 1 for 545 split. Pay date=8-31-07.
Capital Change=shs decreased by 1 for 1000 split. Pay date=12/19/2007.
Dude,
"I have a B.S. in accounting, and I don't Know that a person could gather all the necessary info to include, in the short amount of time,"
With your BS in accounting, you should know that you financial statements should accurately reflect your company's activities for the specified time period.
With your B.S in accounting, you should know that a financial reports cannot be released with missing data. If more time is needed, then the release of the report is delayed.
I assume you are familiar with US GAAP Financial Reporting Taxonomy which does not permit the intentional issuance of reports with missing data.
These reports show zero revenue, because there was no revenue. The claims of robust vape pen sales, revenue generated through Lollipop are all lies.
We all waited until USEI released data, and the data reveals all the press releases claiming current revenue generation were all lies.
Dude,
"My thoughts are Tony didn't release financials because this is a developmental stage "
He did release financials which showed zero revenue for the first 6 months of this year...while telling shareholders there is revenue, particularly from the vape pen sales and through the relationship with Lollipop.
So he was telling us there is revenue....but his financial reports show zero revenue.
Either he lied about the revenue, or misleading financials were released....either way, how can you excuse this? This is a big red flag.
Dude,
"Growing, and to pay for the grow dispensary W/ER_B, and also the new store in Seattle. What else!!!!!!"
You are missing the point. USEI reported zero revenue. If they spent the revenue, the financial report still has to show how much money came in.
Dude,
"I honestly don't get the point with the income issue. The last quarterly report ended June 30. Since that time, USEI has opened two stores in the Seattle area with another on the way. There are no red flags"
No red flags? Prior to June 30, management reported vape pen sales....so there should be revenue prior to June 30.
So, where is the money?
Dude,
"Please tell me what you know about USEI's pursuit of Hemp-based ethanol. Thanks!"
You claim to have a former association with the management of this company. So, how do you explain the recent financial report which showed zero revenue.....but for many months, management claimed to have significant vape pen sales.
Where is the money...or did they lie about the sales? Either way, something stinks here.
Dude,
"ADCS - I have confidence that this fraudster(Mark) will make alot of money with his partners Chris and Greg"
You are correct, he will make a lot of money, as was the case with his other frauds. But, the common shareholder will not make any money. So,you are right 'he' will make lots of money, but 'we' will not make money.
Furthermore, he has stated on FB and though the recent PR, that a reverse split is an option. He is telling us to expect this, so everyone has been warned.
I think the reverse split will happen around the launch of SchoolFuel. Management will use this launch as an opportunity to sell more shares. Thus, they will reverse split, then they will sell again.
Dude,
"Good! We need any good news we can get"
What is needed is a financial audit. Management claimed to have robust vape pen sales for many months. However, in their recent financial report, they reported zero revenue.
So, where is the money from the vape pen sales? Or did they lie about these sales?
Something is not right.
Dude,
"Agreed! Can't wait for the SchoolFuel launch... "
Is SchoolFuel still on target to be launched by the end of this month?
Dude,
"Soon Take a look at facebook !"
What's on FB? I had a look and did not see anything.
Dude,
"I dont take someone wishing to push it down a tick seriously."
This stock has been pushed down to zero bid....which means was essentially worthless. The folks who have the share power to push this down, are insiders and management. They are the ones who have been bailing out and, thus, driving the stock lower.
There is no faith in this company. Typically, companies rally ahead of major product launches. However, ADCS has been on the steady decline which means those insiders and management know this company will soon fail...hence why they have bailed out.
Management and insiders do not necessarily have to use their own money to buy shares. Shares are given to them...so they still make money when bailing out at 0.0001.
Dude,
"When everybody is selling that means time to buy usei"
Yes, let's run out and buy this company.
Hey...where's the money? Management has been claiming strong vape pen sales for many months. But, in their recent filing, they reported no revenue for this year.
What's going on here?
Dude,
"ADCS - I tend to trust management "
Are you aware that management has already deceived you. After the stock went to zero bid, their FB post stated this was due to a debt conversion and details will be forthcoming asap....where are the details?
Who do think has the volume of shares to drive a stock to zero bid....management and insiders, and there was massive dumping.
Dude,
"ADCS - SchoolFuel is going to be a boon for this company"
If SchoolFuel had any potential, the stock will not be trading near zero. Also, massive dumping has occurred to drive this to zero bid....which is further proof there is no confidence in this company.
So while you choose to ignore reality, people (including insiders) are bailing out and dumping.
Dude,
"USEI got the vape pens and has the Real McCoy monicker on it. They have been selling these pens through the two stores. Those two stores did not appear until after the recent quarterly financial report. "
This is not correct. Management reported sales through their relationship with Lollipop and after that association ended, management reported their own independent sales. This was not recent....but occurred many months ago.
Thus, the question is....where is the money? How can USEI report sales, but then report no revenue for the year?
This does not make sense.
Dude,
"I honestly hope I can load up on more shares this week. Good luck to me."
Doesn't it raise concerns as to why management and insiders dumped their shares and drove the stock down to a zero bid?
Of course you can load up on more shares this week.....there are plenty available as massive amounts were dumped recently.
If these shares had any value...management and insiders would not have have offloaded such large amounts recently.
Dudes,
There will be no stock buyback, retirement of shares...however there will be a reverse split.
Management and insiders clearly dumped massive amounts of shares recently,so why would they now buy them back?
If management's plans were to take action that would benefit shareholders (such as a buyback or retirement of shares) then they would not have offloaded significant stock recently.
The fact that they dumped their shares only indicates subsequent action will hurt shareholders.....which is why they got rid of their own shares!!
Dude,
"Not sure but they're not with lollipopvapor anymore."
True, but USEI did confirm sales through the Lollipop relationship, of which USEI received a percentage. Also, after the relationship ended, USEI management confirmed they will use another supplier and then affirmed additional sales.
So, there should be revenue....why is USEI reporting no revenue? Something is fishy here.
Dudes,
Will the SchoolFuel be released by the end of the month? I believe ADCS reported a Q3 release.
Also, any insights on when the reverse split is likely to take place?
Also, on FB, there was to be a release explaining the debt conversion. I must have missed the PR about this, can anyone provide a link?
Dudes,
I have a question. According to the financials released on Sept. 4, USEI has no revenue for 2014. How can this be?
Management repeatedly stated Vape Pen sales were strong. Although management never released any sales data, they did confirm the products were selling.
So how can USEI report no revenue? Where is the revenue from these Vape Pen sales?
Dudes,
I can't believe people are debating School Fuel vs SchoolFuel...who cares?
We should care this stock is in the toilet and soon the coming reverse split will wipe everyone out.
Dude,
"Yep. For those who take dd to the next step and contact management know the schoolfuel is not only coming but that it will be big. ADCS"
If school fuel is expected to be big, the stock would be much higher and would have never hit a zero bid.
The greater investment world is not stupid, everyone knows this company is a dud.
Dude,
"I am in for another 300K. Got to love these prices! Time for a PR that ends all PRs. Another office in Seattle, more partnerships, selling our first bud with recreational license... It is all good in USEI land!"
You should have waited a bit, the stock price will be much lower as time passes by.
Everyday, I read folks saying how great the price is. Well, tomorrow....it will decline again and be even greater.
The USEI sale is never ending.......
Everyday seems to be a new sale.....
Dude,
GreenStar has 24 accounts, according to the recent press release.
What is the average revenue per account? Or what is the average projected revenue per account?
Does anyone know?
Dude,
"Citigroup"
You are verifying my point. Citigroup's actions destroyed and practically wiped out the existing shareholders.
Nothing good will come out of a reverse split.....existing shareholders will be toast.
Dude,
"You make a great point. A legit company would retire or buyback which would result in a healthy increase in PPS"
Exactly. When have you heard of a legit company doing a reverse split...if they want to reduce the float, they do buybacks, retire shares or other things to actually enhance shareholder value.
Dude,
Be careful here, a reverse split can still wipe out all existing shareholders. Even if the company reduces both the authorized and outstanding shares, they still can increase the authorized shares later....and sell more shares again. This is how share selling schemes sometimes work.
Also, if the reverse split is significant, many of you will be left with no shares....you will essentially be reversed out. Those who are left with shares, will see their investment fall once the company decides to later increase the authorized shares.
If ADCS were legit, they would not consider a reverse split. A reverse split will be devastating, even if they reduce the authorized shares at the same time. A legit company would do a buyback or retire shares....they would not even mention the possibility of a reverse split.
Dude,
"What is the current OS/AS?"
Why are you asking me for this? This information can be easily found. Is there a reason for this question?
Dude,
"Any good news now will have everyone running for the door"
Good news, in any company, will have everyone excited. However, ADCS is not releasing any news. They are deliberately withholding information about this debt conversion that has resulted in a zero bid stock and many shareholders loosing almost everything.
Dude,
"So are your post no proof, just opinions as usual.. BTW I love toast in the morning with butter and grape jelly..."
USEI continues to deceive shareholders and not live up to promises. Where is the Real McCoy brand? Where are the audited financials promised back in February? What are the details of this supposed partnership in the retail stores? How many vape pens were sold and where are they being sold?
USEI needs to tell the truth and be more transparent.
Dude,
"And as usual, he hasn't released any revenue numbers even though back in Feb. he said he would in 30 days. This has scam written all over it."
I agree, management refuses to provide any actual data or numbers. This is a scam, companies that refuse to provide financials should be avoided.
Let's not forget the non existent Real McCoy brand, that was supposed to be in the marketplace months ago.
Also, the website still has pictures of a supposed kitchen in Colorado, even though USEI has no license to produce edibles in that State. So, this picture continues to perpetrate deception.
Dude,
Has management pulled a disappearing act?
The stock has tanked and has zero bid and there was a FB post attributing this to a debt conversion. However, no official PR has been released by the company verifying this.
Also, there has been no official PR or updates in over two months. Why is this?
What is the status on School Fuel, it is supposed to be launched by the end of the month.
What is the latest situation with GreenStar payments? Any truth to the recent news article that claimed over 100 accounts have been opened?
What are the details on this supposed debt conversion that has nearly wiped out shareholders and is there any truth to talks of a reverse split?
Shareholders need answers and management seems to not care.
Dude,
It's been over two months since an official PR was put out by this company. During this time, the stock price has tanked.
There is talk of a soon reverse split which will wipe out shareholders! But management is not telling us anything.
What's going on with this company?
Dude,
"Patience, don't sell yourself short, this will be going back up soon imo..."
I agree, it will be going back up soon....after the reverse split, it will be much, much higher. Too bad, you will not have any shares, unless you buy new ones.
Dude,
I was once very negative on ADCS and I stated this was a scam. Then, I did change my view and thought this company was moving in the right direction and had potential.
Now, I have to admit that I was wrong and should have stuck by my first opinion.
Management and insiders were dumping their shares and now the stock is at zero bid.
Most people, including myself, were fooled. Congrats to the management, you engineered a very good scam. Now you will reverse split and resell to another batch of suckers.
It is very unfortunate that it will be hard to prosecute you on insider trading. Clearly you were dumping based on insider information.
Oh well, I lost money on this and so did most people on this board. Money that we will never be able to recover in this stock.
Good luck to all..... we were bamboozled.
Dude,
"What's really funny is why are you guys being so nice hanging around here advising us on how bad USEI is.. Who send such humanitarians to help us with anything to gain, Who?
I'd like to know to send him a Thank you for you guys. Enjoy!!!"
This message board is not the exclusive domain of USEI supporters and pumpers. All opinions, both good and bad, should be discussed in open forums such as this.
Besides, if you want evidence of how bad USEI is, no need to listen to anyone....just look at the performance of the stock price....look at the lack of actual sales or revenue data....look at the long list of broken promises by management....all these are real signs of how bad USEI is.
Dudes,
I was once positive on this company, but like most people here, I was suckered.
ADCS is zero bid and massive dumping happened today. There is a post on their FB page stating a debt holder requested ADCS clean up their debt.
So the plan is simple....do a reverse split and wipe out existing shareholders. Do not reduce the number of authorized shares. Sell new shares again.
This is a classic pump and dump scam. I admit, I fell for it.
Dude,
"We will make a formal announcement, but a debt holder requested a conversion that we honored toward cleaning up debt prior to school fuel launch"
Looks like ADCS will do a reverse split soon and massive insider dumping happened today.
Management lied. They stated a reverse split will only potentially happen if there are steady revenues. However, it seems a reverse split will happen very soon.
Management has engineered a good scam. They will do a reverse split, wipe out existing shareholders and then sell more shares.
Looks like ADCS is indeed a pump and dump scam.
Dude,
"We are so close to breaking out its not funny"
Are you for real? Close to breaking out? This stock is going no where. They refuse to publish financials, they refuse to publish details of their partnerships, the Real McCoy brand is non existent.....all signs of a big scam.