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Treberg--not comparing Nelson, just stating that this company needs more than just a retired oil guy on the board. It needs a complete shake-up. PERIOD!
Unless the board member is an activist, ie, focused on the shareholders, he doesn't really make any real contributions to the overall operations of a troubled company. For example, what has Dan Quayle or Lou Holtz or Andy Seidel done for NES. They look good on "the resume", but they are friends of Dick. They are not going to do anything to "fix things". I doubt if they even attend the board meetings. We need an aggressive hedge fund to come in here to shake up things. There is a lot of "senior management" on the books for a small company. There's a lot of fat that needs to be cut, the first piece of fat being Dick Heckmann himself!
1-10 split announcement this early (desperation) will put pressure on stock today probably to low $1.60's. Remember, the big hedge funds will start to get involved after the split (most hedge funds don't buy dollar stocks). This will either turn out to be a positive or a negative. Time will tell. I still want to see Dick Heckmann resign like a man and retire to Florida. He has been a huge disappointment and has caused us a lot of pain. Do the right thing, Dick....RESIGN!!
My understanding is that smith has been completely out of the picture for some time. No worries here. By the way, has anyone seen what NES values their 50,000,000 shares of UGSI. Let's see how smart you are. It's all public on NES' balance sheet. Everyone on this site might be quite surprised about this! Hint: it's much lower--MUCH LOWER than the current stock price!! Can't wait to see your answers!
Important! My broker told me he has heard rumors of a large block of stock for sale. I have not heard this, but stock feels like there is something going on!
We need to see some heavy insider buying soon...I hope!!
Huge volume and stock up slightly for the day. Absolutely nothing I know about that's newsworthy. Let's hope 2014 will be the year of the pipe!
Fred is back! Looks like heavy short covering today?
Last two posts are right on. We believe in this company because of: (1) the industry dynamics and the fact that UGSI is in the sweet spot, (2) Andy's previous track record, which has been outstanding (and the fact that most of the employees and all of the top management team are previous Andy team members), (3) because of the previous two points, this investment should be a home run...I mean that's why we have been so patient...and I'm an extremely patient person, but we must remember that all the management has restricted stock and tons of options. They are waiting for that "pitch down the middle" so they can hit it out of the park!! -- just like us!
There are a few other large long term investors who have to be getting impatient. But not anything they can do about it. The stock float is so low, it's hard enough just trying to buy (or sell) 10,000 shares. How would a large institution try to sell 10, 20, 30 million shares? And any real institution would want certified financial statements to look at, something us peons don't get!
It's all short covering today...and those guys are happy as hell!
Head of investor relations is a joke. Why would anyone be interested in talking to this person? Dahhhhh
Big week coming up. Any bets on this stock hitting $14 by Friday? I'm in!
Everyone here should be watching the NES board because of the inter-relations of both companies. Plus, UGSI may be a higher price soon!
NES almost bankrupt. Andy on the board of this scam and he has a fiduciary responsibility to its shareholders. I hope the lawyers are all over this pitiful board, especially that Dick Heckmann,'the genius behind china water and then this debacle. Andy, why don't you and your buddy Dick take NES private at $3.00 and while you're at it, include UGSI at $0.50/share. Andy, do something quick or your reputation will be the same as DICK one day.
Dick Heckmann needs to be held accountable for this disaster. Hope the lawyers sue the heck out of him PERSONALLY!
Bankruptcy is very good possibility. Seeking alpha was right!
They need to hire a bank and mention "they are in discussions to maximize shareholder value by acquisitions/partnerships, or outright sale". This is spiraling out of control now. Complete disaster/mismanagement. DISASTER!
Can't remember what the rules are on when insiders can start buying after a company reports it's quarter, but there better be some heavy insider buying soon, or this stock headed to $1.00 or less SOON!
Divest, treberg others on this site who have been helpful (but unfortunately too bullish)--just a few comments: (1) this "turnaround" will take at least 6 months minimum but probably more like a year or two. In the mean time, stock will be dead money or drift down (2) there is always a chance of an activist shareholder getting involved or another company buying this company. (3) once the quiet period ends, there should be no excuse for heavy insider buying (if not, then see point 1 or 2 above!
Sewer dog-- you warned me about this HEKNESPOS...I just didn't listen to you. Heard Andy quarterly just came out...more of the same.
NES quarter is a disaster! Stock off 30%++ in aftermarket! Andy, you are a board member and you have fiduciary responsibility to the shareholders...(but then, you've not done anything for over 10 years for your UGSI shareholders either...and trying don't mean s_it, Andy!!) Show me the money!
Johnsrud has no public company experience, and could be mentally ill!
Hope they have enough cash put away to help pay for the lawsuits! Now I know why there was so much put activity! Where is Dick Heckmann, you crook! Johnsrud buying 900,000 shares was a joke...he did this to protect himself against the lawsuits. CFO is a complete derelict! Maybe Carl Icahn can get involved here...NOT!!
Well...Andy almost pulled it off!
Published 7th November 2013
Siemens Water Technologies (SWT) confirmed on 6th November that private equity group AEA Investors will purchase the water division for €640 million ($862 million). The figure is well in excess of earlier predicted pricetags, and current SWT CEO Lukas Loeffler will continue his role under the new ownership.
AEA emerged as one of two leading bidders for the SWT purchase in early October along with American Industrial Partners (AIP). AIP was understood to be working on the deal with a team of old faces from USFilter – including former USFilter CEO and current Underground Solutions head Andy Seidel.
SWT’s annual revenues were not broken out in Siemens AG’s annual results, which were released on 7th November, because SWT was considered as discontinued operations. A confidential investor presentation from April 2013 estimated that SWT’s FY2013 revenues would be roughly €900 million (US$1.1 billion).
- See more at: http://www.globalwaterintel.com/news/2013/45/siemens-water-head-stay-under-new-pe-owners.html?source=email#sthash.elsmazWk.dpuf
DISASTER! $1.00 stock at most!!!!!!
NES reports after the bell today. Andy on board (and can be part of various lawsuits against NES -- and there are a lot of them!) I don't think quarter and guidance will be good (but what do I know). NES owns 40,000,000 + shares of UGSI.
Andy at conference in dc. Maybe he told someone he has no plans to ever go public. Why should he? He and his employees are making fortunes, there's very little competition, there's no pressures to "hit quarterly numbers", heck if the quarter's not that great, just wait another quarter to send that one-page "shareholders letter". Stock down 12.2% today and I guarantee you Andy doesn't give a s_it! Why should he in that his cost basis is $0.08/share. I just get so damn tired of this POS stock. My patience is wearing very thin!
Numbers looked generally very good. Stock was up nicely early, but gave back the gains. Maybe there is something out there I don't know.
I really don't like the way this stock is behaving. Sibelius needs to resign and Heckmann needs to resign--both have failed their job. Sibelius failed the taxpayers; Heckmann failed his shareholders. Any bets on who resigns first?
Have been buying the stock again for a quick trade. Think in the next couple weeks, this stock could be 20% ++ higher. 1) earnings next week 2) company shows off it's next generation product line up at a major trade show.
How 'bout Rolling Stones, "I can't get no satisfaction"
Andy chairing a subject matter, "where is the money moving to" at the American water summit in wash dc next week. I noticed david rose, senior vp at wedbush securities is on the panel. Maybe Andy is talking privately with wedbush about doing a reverse split, then IPO. And as the everly brothers would sing: dream, dream, dream dream....dream
Johnsrud is a great operator, however, he's never had the pressures for coming through quarter after quarter for a public company. My point here is Heckmann threw him into this CEO capacity without johnsrud knowing of the problems the company was suffering via its mismanagement of the other properties (not Bakken). Now he knows, but fixing things quickly isn't easy. If they miss, I' m looking forward to stepping in and doubling my position. This company does have huge value and is so unique, an activist shareholder can come in, or another company...and buy them out...
Now the waiting begins for the fundamentals. No weather excuses this quarter! Wonder what, if any, excuses they'll talk about? Remember, fundamentals ALWAYS override the technicals!
I don't think anyone cares anymore about "quarterly results". If it wasn't that great, all Andy has to do is delay his shareholder letter to next quarter, or maybe just do 1 per year. He cares only about himself and his employees and his customers---shareholders are at the bottom of the list (since UGSI is really a private company, per Andy's many comments publicly over the years). There is no reason to waste time on this stock. SHAREHOLDERS MEAN NOTHING!
End of month type of adjustments? I'm just waiting for quarterly results.
Stock on a tear today...short covering?
Seeking Alpha, a quack organization whose authors put short pressure on NES, then backed off. Remember? Well this quack organization just pounded the table and put a $60-63 price target on a scam stock NQ, just 3 days ago. Now pull up this scam stock's price. Companies like Seeking Alpha need to be regulated and fined for the outright garbage they publish! Or better yet, maybe I should just do the opposite of what they say!
I'm in! Bought GNMK at $4 awhile ago when no one knew what they did. Sold almost all of it at $10 ++. Now I see this great stock (NSTG) and I'm on-board!