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There appears to be absolutely zero connection between your first and second sentences...care to elaborate?
I mean calling something a scam in OTC land is typically on point...but there hasn't been any dilution here in 2 years, no pump PR's, and financials are profitable.
With a public float of only $184k there's only so low it can go.
Gotcha, yeah that makes sense. They do seem severely overdue for a PR.
Market cap is hovering around $150k which is insane considering the company that had over $30m in equity as of most recent financial statements (and 70m revenues if I remember correctly off the top of my head). New facility was recently completed and the company changed their ticker symbol which is evidence of their intent to do something with this stock.
As always, time will tell. I'll continue to load at these levels, at a market cap of ~$150k this is very low risk and super high reward.
At the most recent known equity ($30m) the PPS would be about $1...which is 200x gain from these levels. Even if they only had $15m equity remaining since the last reported financials were a couple years ago a liquidation would result in 100x gain.
I expect we'll see filings within a few months.
I contacted OTC Markets to have the listing corrected. Previously listed as delinquent filer, however UECN is an alt reporter per 15-12B filing received 06/2016.
No longer a delisting risk!!!
Right, I'm also wondering why copper is expecting a PR soon.
What deal? The local planet deal? Because it's already well documented they have some ownership, what's not clear is what that means. We don't know what local planets revenues look like or if it's just an aggregator.
I'm wondering the same thing. Why are we expecting a PR about this?
Long and strong indeed. You can't leave $$ sitting around most penny stocks these days, but with no dilution in over 2 years I have zero concerns. Just look at the chart, this bad boy likes to pop every quarter for Christs sake!
Not the first 911 trade we've seen on this one either. It wasn't followed by a PR but it was followed by a decent amount of volume and share price increase. Perhaps we'll get a PR or volume or preferably both.
Something's happening here for sure. Time will tell what it is. Patience pays in the OTC and with a 184m float I'm happy to continue loading at these levels.
Might be a while, these transactions tend to take some time to flesh out but I'd say we see a PR from new CEO within the next 6 to 12 months.
911 trade to end the day at 4 decimal places non the less. Fireworks might start soon.
Really appreciate the response Adijas. It's a bit of a Hail Mary given the lack of communication, but with a market cap of $200k when the last known financial statements reflected $30m in positive equity I'll roll the dice.
Then again this one doesn't seem to be on anyone's radar so I'm sure you'll be able to get back in cheap once the company decides to wake up again.
Safe trading!
You gents still here? I've picked up a decent stack over the past couple months. This one is certainly high risk considering the entity deregistered from the OTC...but then why continue to remain NVSOS active and why the symbol change?
Has anyone here ever seen a deregistered company reregister? Is that even a possibility?
Cheers!
I guess they were indeed. 911 trade to start the day, some ask slaps, and bid support flowing in.
Nice slaps this morning. Surely a sign of things to come.
You must not be very well read on this stock lol.
I'll check it out for sure. I think the difference is the other company is trading at 5 cents while we're severely undervalued for a company with no dilution and positive equity/net income.
No Q1 filing to date, a bit disappointing, but I'm still standing firm on the assumption that there was some motivation behind the recent filings.
As you've noted the Aguiluz family is into a few hot sectors. We're playing the waiting game at this point, but with no dilution, and positive equity/net income I don't mind letting my $$ sit.
I'd disagree, revenue is a somewhat irrelevant measuring stick if you can't turn it into profit.
Company insisted profitability was the primary focus for 2018. While this stock shouldn't be a hard sell for anyone, it will be much easier when they're reporting $3.5m net income (my estimate for 2018 not theirs), which is a lofty estimate based on prior performance, but bear in mine the company has only ever focused on growing and is just now trimming the fat around the edges. It may be a slow crawl for 5 cents but I'd say we'll be there within a couple years.
You shouldn't be getting a efln vibe from this because the company has never publicly come forward to announce they're trying to have CE removed. Instead users on here claim to have spoken to attorney who acknowledged they were working towards CE removal. Always take what you hear second hand with a huge grain of salt, that being said I believe the members of this board because that information came from several sources and also reliable members.
Feel free to ask OTC markets, I don't believe they're overly responsive but we'd all appreciate to know if you hear back.
This one could sit quiet for another 2 years, that's the risk, but that's also why it's trading at a $184k value float. I personally love the risk reward here but it's not for everyone. Patience is vital.
Cheers.
Ricky boy knows we're getting anxious. Lets see what Q1 financials have to report.
This isn't just another fluff piece, Rick's working on something big for us but needs to stay tight lipped until plans come to fruition. We're all good here.
L2 is not obnoxiously thin. Now would be the time Rick, make your move buddy!
I've been traveling the past week but I see this is still holding well. Go UCPA!!!
Something, something, darkest before dawn...
:)
L2 looks tre bizarre right now. I'm guessing it's because the retailer who's been selling the past couple days was the one who was previously stacking every level with 500k sell orders.
Me too. I think we're still golden either way with how low the float is here. The CEO sneezes in public and this will double in a minute.
It just doesn't make sense...if it's all retail then they can only have so many shares to sell. While yesterday's dump was a ttrade I highly doubt it's dilution. With such low interest I'm not sure how Rick could even benefit from dilution at this point. He wouldn't stand to make much more than $10k.
It must be impatient retail. I'm holding my shares tight and leaving my buy orders in place personally. We'll see how this goes but decent support is building on the 9's.
Good morning and hello from Phoenix. I'd like to say that the trip was uneventful but I ended up breaking down twice and getting in two days later than expected. Tough trip but I'm here now. Thanks for the update while I was gone though I'm just reading it now.
Looks like we've had a decent amount of selling the past couple days. Just impatient traders/dog days of summer, or did I miss something?
Q1 financials due in a few weeks, will we see a filing come through to keep us current on reporting?
Could work as an indicator for whether or not management has plans for this stock.
Agreed, while I previously thought trips may be possible at this point I think low 20's will be the lowest this sees and that's only because of the loss of a few clients. Without that I would have expected this to hold above 30's.
Also your prediction was for years "and over and over again". It's been two months in which bids have filled at .0011 and asks at .0024 so you could have made over 100% profit since your prediction...and also if it's "stucked" how does that happen over and over again? Wouldn't it just remain "stucked".
A more appropriate, and for that matter logical prediction would have been that it's range bound until the next catalyst which generally would have held true.
....and on that note. Poke...poke...DO SOMETHING!!!
What do you mean? There's plenty of shares available on the bid, millions in fact. Just gotta slap that. It's not like this is no bid...but calling it a stalemate would be fair. Just because the bid isn't as high as you'd like doesn't mean there's no way out.
I'm still here and long, just not posting anymore because it's pretty obvious the excitement has deflated and we're back to a quite period for a while.
Gentlemen, please keep it civil. We all want to make $$ and want the price to move north, let's not resort to personal attacks.
Lol, Termite you're good to have around. At least we'll have some entertainment for the long wait :)
Debt has never been an issue for this company. Financial notes even indicated they paid off their debt. It's just used for liquidity since they carry negitive working capital.
Can't say I'm overly surprised by the response today. Profitability was down and revenues were also down (for Q4). I did say we should temper our expectations given they already eluded to both of these facts in the Q4 shareholder letter.
We're still undervalued at these levels, but this wasn't enough of a catalyst to sustain a run, especially since there is so much unknown about the LP equity.
I think we're most likely heading back to trade in range for a while longer. Just my .002.
Link, show me a link where they are on track to producing 100m revenue, or where the stock price is going to increase by 10000%. And no, not statements, proof. Oh you can't, they haven't sold a single phone? LOL.