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Got a link to financial info? I'll definitely read it if you do.
Yeah I was digging for any sign of financials They have awesome PR but what they describe will cost big, big bucks to execute. Especially the shares buyback at current pps if they didn't complete it already. I didn't come here to bash but want to see few numbers before I enter at this high pps.
Skills, if there was a "shareholders meeting" I wasn't invited either lol. I don't want to turn the board too chatty so please drop me an email if you would.
I'll hit you back and give you my real email addy. fenders63 at yahoo
Good afternoon all. The board is sure quiet, and probably another sign we have bottomed. I am expecting a fairly quiet pre-holiday trading week for the OTC overall.
Have they publicly stated how they were funding the buyback of 3B shares? I realize their filings aren't current but figured some of the longs here may have some idea of the current financial situation. Thanks
Darth, buy a couple hundred bucks at 8. You've done stupider things than that I'd wager. Then you gotta come back daily and check on your "investment" lol. The way we tell the story you'll be back to collect at least a K this fall lol.
Kiosks, I hadn't really heard the term until I came here. I live in the semi-rural heartland and they are even taking a hold here. Mostly lotto tickets and such. I suppose that anything that eliminates the wage and health insurance costs of an employee has the attention of the business world.
You guys have a good night. I'm off now for fireworks at a small Mississippi River town festival in Iowa tonight. So close the cinders fall in your beer. No better pyro than that lol.
I still talk to Flex and Darth on the email from time to time. Hard to believe one could make a friend or two in this dog eat dog OTC pinkie land. Once we let you out of your cubicle you even grew on us Gwinis. :)
A lot of good DD and some MJ knowledge on this board over this summer. It will all come back around, here, or perhaps on another play.
Darth is the man LMAO. Not in UNGS anymore (for now anyway) but he still has our back. Hope he doesn't start an MJ gang war lol.
Go UNGS!!!! Multi-Pennies by Tuesday for sure!!!! All IMO of course.
Welcome to the forum Milo. :)
We're getting pretty numb to all this. NO promises but you may still get some 8s on Monday. 7s have been nearly impossible.
The pps moves have been there on most of the alerts to make the goal, but August OTC has been unforgiving. I missed the FBEC bus and wouldn't chase it last week, but it is looking very attractive right about now.
I very much agree that time is what will probably help us most. A pop from a fluffy August PR is going to be short lived IMO. I am hopeful we see meaningful PRs by mid to late SEP to get the MOMO train back on the tracks. The other MJ stocks I watch are bleeding pps now too. If they begin to move up without us, then I'll be much more concerned if we don't have PRs and news.
Hopefully we drift up a bit from here soon in anticipation of news and MJ season. UNGS could easily pop to 15s in a single day. The 8s and 10s will suddenly look real good then.
Lots of eyes indeed. Even if you bailed already it's your personal train wreck you likely can't help but watch. I agree that some will jump back on board when they feel the time is right. I had enough dry powder left and averaged my cost WAY down this week. About 4 ticks from even is a MUCH better feeling than were I was just a week ago.
Yes Flex the intro on your Nation forum does make a lot of sense. Good rules that were violated by many for the "UNGS All summer long play". Including yourself probably. We all live and learn, and hopefully don't learn the same mistakes too many times lol. I don't care how good the Company Story is from now on. If I stay longer than a week it won't be with a large position.
As far as responding to the trolls. I wouldn't waste my time either. That said, many here hyped this one too hard for too long to just quietly leave without a word. Just my opinion.
GLTA, we go forward from here.
They did a R/S last year. Definitely do your DD so you know what you own to the best of your ability. Some of what you read will no longer be valid due to failure of Signifi merger.
A lot of folks went real long with very large positions on UNGS (including myself). Those two things often don't go well together for pinkies.
"UNGS trades for the goal again I have little doubt ,but, from where?
Of course we don't know that for sure, nor do we know it for any other stock that has been in a significant downtrend. We put the odds in our favor as best we can. And a case can be made that we are right around support for UNGS now, give or take a tick or two. Price has a memory. I think I read that on some guys board I frequent. :)
Have a good weekend Jake.
Actually executing their stated business plan is what is going on here. Early stages yes, but they have in fact followed through on what they said they would do. Revenues are heading in the right direction. You are patient enough for it or you are not to wait it out. If not, you know where the sell button is.
1990Fistf Nobody "KNOWS" where news will take us, but I do think 8s is about as safe an entry point as you will find in the OTC right now. We have a fair bit of room between here and the 50DMA so once consolidation is truly finished a few PRs could send us up considerably before we hit serious resistance.
Confirmation on progress of the plan is all it would take to get this thing jump started. A functional and quality website would be a nice start. Much more detail on vending or online sales etc. Any of this could help IMO.
Welcome Apostle, not sure how you missed UNGS, but you missed the beating too so good for you.
A fine way to head into the weekend!
He will have to up his PR game in this sector, and he will. He needs a few weeks to get things farther along, so the PRs can have some substance and a lasting difference on momentum. He will be dealing with folks in the MJ industry now, and I can't help but believe that is a positive.
My joke made a lot more sense before your post went away Titan. I agree, things will get much better and I am just glad it's not June 1st. He has time to get this thing on a good path in plenty of time for MJ season.
I'm afraid Wayne's cat has been in our sandbox everyday for about a week now. :)
Double post
Gotcha Tradinman, I knew what you meant. Good luck to all today. Is it fall yet? I'm ready for the OTC to heat up.
Probably so Tradeinman, but I keep trying lol. I don't wish for one person here to lose a dime at my expense. I'm probably all wrong for OTC.
Glad you got your 8s too. Good call and congrats that you're in now Scotty. everybody that bashs here buys next week. Maybe 6s come and maybe they don't It will be painful for my friends if they do so quietly add some needed price support here and turn down the obnoxious please. Maybe even do some DD going forward and add something positive here. A lot of my friends here are deep in the red after a long summer of disappointment.
Yup, we can spend time worrying about HS girl level drama, or just worry about making money trading. That's a pretty easy call for me.
Flex could bat .900 in OTC and the guy will continue to troll when he gets a chance. Nothing you can do about that. I mean Flex is a confessed Dolphin fan so he obviously isn't infallible.
Yeah I really typed that on your forum lol.
Thanks Skills, another tough one but what you say is true. Hang in there if you can guys. Just gotta ride this one out if your cost basis is high. I know it's hard.
I truly thought/think the bottom is 8. We'll find out soon. Way overdue for an up day. Hope it is tomorrow. As Skills said, complete junk sells for more than this price and still has much room to run.
Agreed Critter and buythemil. Potential value is here now with a clean shell and what seems to be a rational business plan. Potential is what OTC rolls on. It's not like we are comparing earnings per share here in pinky land.
He just has to close the deal on websites and proceed with plans that aren't different than last months plans. I'm sure he gets that by now. Recent developments certainly explain why the websites never came months ago. (Since the plan was in flux). PRs will come, but they need to be about progressing towards sales in the near future. Dilution is a fact of life on OTC, as real progress costs money. Kept reasonable of course. You can't dilute and do annual R/S or you end up with BAYP.
Good luck today!
jmoney, yes I am very long. Bought a milly trading position on the cheap today and hope to work my average down some if we trade in the low teen range for an extended period of time. But for the most part I am in this until we see results. I believe fall will make us forget about this past week. We need a base group of new investors that haven't been stung, and based on recent volume we are getting there fast. Every share sold had a new buyer. Hope springs eternal in the OTC. GLTA
Anything's possible jmoney, but V shaped charts are rare. That was a nasty freefall we just endured. We probably have some sideways action in our near future. New longs will take their positions, and 2 tick trades may own us for awhile. We'll get a real bounce soon enough.
Now that I have pizzed off anybody in a true jam.... In fairness, this board was pumped like UNGS was cant lose for months. And then the biggest Pumper Kings bailed on ya. I know that isn't rare for OTC but it is easy to get sucked in. I got my one and only margin call during the dotcom bubble. Shorted AOL just a little too early lol (NOT!). No fun having your broker sell your crap when you are out in the field with the Army. Learned my lesson that day.
Point still valid though. Dumping at a huge loss requires a VERY good reason. We are all wrapped around the fundamentals now. OTC is about hype, momentum, sector rotation and sometimes technicals. Sylios only needs to make a little money in the short term. It's stupid, but it's reality. The storm will pass. Our CEO did some shaky stuff to recover from a blown merger attempt. It wasn't all on the up and up for SURE!. He is behind in keeping his promises. Write back when you got real OTC news. They all operate on the edge, and that's just fact.
GLTA!
Missed FBEC play. I'll find a way to get to my emails intraday so I can get future alerts more timely. Didn't want to force a late entry. Impressed with the way Flex and you guys operate. I'll be IN the Nation real soon! GLTA!
Top 5 reasons I still own UNGS...
1. Plan B is better than most other MJ companies plan A
It ain't so bad, even if takes a few months to make progress and post the PRs. It will take time for the rest of the market to figure this out. The MJ pinks standard is VERY low.
2. Pot season is coming. We will be included with all the press we have gotten this summer.
3. OTC sucks overall right now, where else would I put my gambling funds if I left?
4. Honestly haven't lost money on a single trade this year. Why start now?
5. As of right now, CEO owes me some money, and I will be here to collect it.
Bonus reason
Ain't Skeered, emotions will take you out of this game and I enjoy the game very much...
Got me some 9s today Skills. 8s order wouldn't fill again today so I bought some 9s to pass the time. I'm collecting the whole set so perhaps I can buy the 8s later if possible.
You got a basement I can live in if this doesn't work out? I do have a boat and I can cook a little lol.
IMO they'll keep a lid on this and buy some time. Then the MMs and rich folk will steal most of the money the longs lost on Friday. Rules aren't fair on our playground unfortunately.
LOL you know I wouldn't see the shares. 9s are solid today IMO. You know how this thing trades EOD. Who knows, maybe we close even or even green today. Nothing will amaze me at this point.
It will serve as solid support, and evidence there are buyers. Both a good thing. Nobody wants a ride deep into the trips. I think we're good.
Not slapping the ask again Link. Why don't you just dump a couple milly all at once for me and see if that works for me lol.
9s do look very solid today with good volume. Believe it's been support in the past so who knows. Plenty of buyers today so that's a good sign our free fall will subside.