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Watkins has three years invested.
I think his is "very" interested. He wants to do it.
Paul failed.
Still think there should be something we can do as shareholders.
WHAT HAS CHANGED? REALLY?
Watkins wasn't going to merge till CE was removed.
CE was not removed in THREE YEARS. Seems about time.
WHAT CAN OUR BLOCK OF SHARES DO TO HELP UNSS get current?
Seems to me Watkins built a lovely enterprise and Paul didn't follow thru.
If correct -- he should/would consider a merger once CE is removed.
Can we, as activist shareholders, push Paul to actually deliver? OR can we remove him and put someone in place who will.
I'll bet we can get Watkins to commit to a merger if the shell is current.
That's all he's been waiting on?
Anyone?
Interesting Statements here.
If you spoke to Watkins, who is very available via phone (954-856-6659 direct) or email SWatkins@entrex.net --- you'd find your comments insane and out of line.
And frankly why you even waste your time here?
Seems like he and his team have worked hard to create value for UNSS -- while Paul has not delivered.
News is worthy of reviewing: https://entrexcarbonmarket.com/news-media/news-releases/
I'm just saying!
Heard Watkins received $100 million term sheet from investment bank for entrex. what can we do to motivate Paul?
Watkins on Entrex cancelling.
That concept has been on the table since the CE issue was announced by OTC
Watkins' attitude has changed over time He appears not to really be active anymore as CEO of UNSS and Paul is back leading the game (or not as the case may be).
The short lived CEO Role of Watkins was when we had updates and press releases of the "Entrex" companies -- note we don't any more.
Today Watkins is "when Paul finishes we'll be ready" -- and is working on Entrex outside of UNSS.
If it, UNSS, were in his control I believe this would be well behind us.
UNSS is Paul's baby and he's not giving control to talent.
It is what it is -- BUT IMHO I'm with Watkins still on "When not if"
Despite all.
Here's the link for The ETF news:
https://blockchain.entrexcarbonmarket.com/EntrexNewsFAQs.NSF/0/6742CEF782CE3C44852587DB0072A2CF/$File/___04_Entrex%20NewLeaf%20v%204.5b.pdf?Open
Hopefully that works.
Did you see: "NewLeaf - the ETF for ESG".
This is really fascinating. Check out their news and download the PDF
These guys are first class
Watkins call update:
Sounds like Paul has Counsel and Accounting scheduled to file by Feb 11th.
That should resolve all CE issues... the rest is upto OTC but Counsel apparently know them to get on track.
Sounds like Feb 1 finalization is off... but still on track to "happen"...
Watkins sounded calm and ready to move when done.
Confirmed with Watkins.
Paul told him Q4 would be filed with Legal Opinion.
AND MOST IMPORTANT -- Paul said he "would be out by Feb 1st"
Implying CE anticipated to be removed.
That said -- who knows about OTCs timeframe -- nothing seems fast!
No trading?
Was looking at the spread between bid/ask.....
Why no trading?
NEWS: Public asset backed carbon offset?
https://entrexcarbonmarket.com/news-media/news-releases/
You guys see this? Seems like a brilliant idea to build credibility for the market.
And if i understand a vintage for each year. That's recurring revenues for us!!!!
Looks like someone knows something.
Anyone?
"Filings"
Sounded like he expected Paul to file the q3 and nearly immediately in January the Year End and Legal Opinion.
Financials, based on what they have been, should be simple. Legal Opinion takes time but the new guy has the work of the old guy. So not inventing just doing it right!
Same old... NOT
I disagree on same old BS. Changing Counsel is appropriate based on old Counsel missing the "challenges" OTC found. He should have been on that and delayed them 3-6 months. Maybe shame on Paul for selecting him but they are on a tight budget to deliver the NON CE entity prior to merger.
AND Watkins has no benefit to play games. If you note he has stopped announcements representing UNSS as he's focused on Entrex Business till UNSS does its deeds.
Therefore. We may have heard it before but I believe Watkins is waiting and Paul is doing what he can.
Watkins seemed to be in a position of when not if - which makes sense since this is the Huizenga strategy (public merger of a private Business -- Blockbuster, AutoNation, Boston Chicken to name a few). But he's operating Entrex for growth and leaving Paul to do what he wants.
If not done soon. Sounds like there is enough shares in iHub member control positions that we could do a coup and remove Paul if needed. Might get the pros working on the transaction.
Happy New Year.
Watkins update.
Spoke to him: all appears in process.
Paul filing more this week, Watkins and team pushing for significant "recurring" carbon revenues in 2022.
As a private company -- speaking for Entrex (not UNSS which he was said Twice!) TODAY he shows $164 million in potential recurring projects --
AND $40 MILLION IN NET INCOME --- HELLO --- WHAT?????
That will put us on the map -- at 30x P/E ratio that's a real company valuation! My calculator maxes out!!!!
Can't wait for a merger of that kind of revenues.
BUT AGAIN --- he was clear to say "this is Entrex talking not UNSS" till the official merger.
Watkins update.
Spoke to him: all appears in process.
Paul filing more this week, Watkins and team pushing for significant "recurring" carbon revenues in 2022.
As a private company -- speaking for Entrex (not UNSS which he was said Twice!) TODAY he shows $164 million in potential recurring projects --
AND $40 MILLION IN NET INCOME --- HELLO --- WHAT?????
That will put us on the map -- at 30x P/E ratio that's a real company valuation! My calculator maxes out!!!!
Can't wait for a merger of that kind of revenues.
BUT AGAIN --- he was clear to say "this is Entrex talking not UNSS" till the official merger.
I understand the Q and LO will be filed imminently.
Based on what I've heard. Watkins is leaving this to Paul but said the Q is simple since UNSS, for all practical purposes, is not operating.
Link again:
https://blockchain.entrexcarbonmarket.com/EntrexNewsFAQs.nsf/0/77A884E516BC7A3D852587AA0078615C/$File/Entrex%20DRAFT%20for%20Tim%20-%20Financial%20Presentation.pdf?Open
Seems like Investorshub does something with the link which I can not change. The link starts with https:// and through ?Open. For those that want to cut and paste. Make sure the link is one line after the 20- looks like they insert a carriage return.
The presentation shows a series of projects they are working on $150m in revenue - $40 million in net profit.
AND -- they point out these are RECURRING REVENUES.
WTF? Entrex $40m in projected net profit for 2022
I found this googling -- Entrex Carbon Market projections -- not UNSS -- but once the merger happens I think that is ours.
https://blockchain.entrexcarbonmarket.com/EntrexNewsFAQs.nsf/0/77A884E516BC7A3D852587AA0078615C/$File/Entrex%20DRAFT%20for%20Tim%20-%20Financial%20Presentation.pdf?Open
And -- $44 million recurring revenue on a 29.54 S&P average P/E ratio
IS THAT $1,309,000,000 Stock Value???!!!
What is going on here? We haven't even started yet with this group.
LONG, LONG, LONG UNSS
Biden -- Big News today for Entrex Carbon Market
Not sure if you saw the news that Entrex put up on its news:
Biden announces US will be Net Zero emissions by 2050.
That's a little long for my stock to appreciate.
BUT UNSS/ENTREX is positioned well!
https://blockchain.entrexcarbonmarket.com/EntrexNewsFAQs.nsf/0/A2B2D05A372E8259852587A60058FC79/%24File/___01_NEWS__Biden%20signs%20executive%20order%20to%20be%20Net%20Zero%20by%202050.pdf?Open
Spoke to Watkins...
I mentioned the headlines: he lost it.
They just changed IBM servers for all the Carbon transactions and he indicated that the news links must have broken from the move.
He's on it. Just a tech glitch.
Entrex Art Market
Last I heard from Watkins they were keeping away from Art NFTs with the SEC attention.
They were focusing on "real" art masterpieces but seems like their attention has been Carbon -- avoiding the SEC focus.
Seemed like a good idea.
Watkins on leaving.
I asked him about that. He has no intent to leave as of last discussion and actually saw the delays beneficial to business growth during the delays.
Yes he could bail - I expect there are non-performance clauses that materialized a few years back which would allow him to leave.
BUT I heard no intent to quit. His shareholders are looking forward to the merger as well.
New Update per Watkins this week.
Sounds like lots going on operationally. Not sure where Paul is on finishing his task.
Nothing prior in UNSS --- only upside.
Slower than I ever expected -- but only upside.
Will well exceed my Crypto portfolio long term -- IMHO
OTC working on UNSS
Per Watkins and Landrew OTC has been responsive to their filings to remove CE. Not sure why you'd want anything else.
Go UNSS
They are keeping the light on for us.
Let's just say we are late arrivals. But I don't see either UNSS nor Entrex giving up the intent.
I'm convinced UNSS in 2022 will launch my portfolio!
Been patient. I believe it will pay off.
SEC complaint! This is our leader!
https://fingfx.thomsonreuters.com/gfx/legaldocs/egvbkanznpq/SECURITIES%20FRAUD%20CLAIMS%20sec%20complaint.pdf
Paul/Watkins
I hear you. But will say Watkins sounded like he and Paul had a new skip to their step/s.
As in positive about the outcome. And imminent.
This "week" from Watkins this morning.
Watkins said "Paul suggested CE removal could be as early as this week".
Sounded like he was skeptical of OTC's speed but as far as he and Landrew knew all was back in their court.
First time I've heard "week"!
Long
OTC new filings per Watkins
After my initial alarm I decided to call Watkins to get the lay of the land.
Apparently Counsel and OTC saw that this gentleman had controlling shares in the past and his present position (zero shares) needed papered up properly.
He, Watkins, saw it more as a historical papering up of fact: Not a concern.
Watkins appears on it. And frankly his and their attention to detail is all for our better!
Agreed. Might as well close the year also.
Seems to me they might save huge accounting costs by merging 12/31 == which I think is 01/01/2022.
Then we get a full year of a real company!
Come on Paul!
Team has done this before and it shows!
Keep in mind Watkins' partners; Rick Rochon and Wayne Huizenga, have done probably the most mergers with OTC shells in history.
Therefore. They take time but they have seen it all. My thought is the good news is our delays today will save us some pain in the future -- hopefully!
Ah ha: Spoke with Watkins
So: it appears Legal Counsel dug up some vintage UNSS issue/s which needed to get signoffs and updated.
This is good, despite the slow-down, as it shows proper due-diligence is/has been getting done.
Will be better for us NOW than in the future.
Watkins said Paul is on it with new docs "ready to go" with updated representations.
Might be a cause of delays. Watkins wasn't sure. Thought we were just back to the bottom of the inbox.
Watkins was hot on the revenue cycle.
That's a good CEO in my book.
Seems this is a UNSS problem: Not Entrex
An old lack of interest management versus aggressive guys taking over.
What I read into this -- UNSS, pursuant to the 8K has to provide the current company. Otherwise -- why merge?
My take Watkins has been very (to?) patient -- but is building the business in the interim.
I tingle: Entrex is usually not this quiet.
Just saying. Feels like something is up.
Watkins says "Intent is there"
Asked about ticker and merger and he indicated the Carbon Market has a capital commitment from Paul/UNSS for a percent of the company and post merger 51% will be owned by UNSS once final.
Following that explanation he indicated the merger is still moving - Pending the CE which we know.
He was matter of fact about "when" not "if".
I'm long UNSS
FUD is an acronym for "Fear, Uncertainty, Doubt"
Had to look it up.... and POS manipulation thru uneducated comments.
Experience of management shows
I like the way they "paper up" a deal. It holds people accountable and confirms intent of the parties.
Good Strategy where the experience of management shows.