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Thanks Mods. I don't know who is taking out the trash so quickly but thank you. We don't need it right now.
Thanks Bullrams, that was helpful.
Yes Serp. I may eat my words someday, but I just don't see scam. I see an OTC CEO trying to do what he says on a shoestring budget. If the Canadian law thing is factual, he tried to salvage this best he can. I wasn't expecting Bill Gates or Steve Jobs at .0015-.0020 a share lol.
Have a good weekend longs. It's just money. Close your eyes a while if you got in too deep, and spread our bets to safer stocks in the future. Don't invest all your money in pinks. NEVER DO what you wish you did yesterday. That is one investing rule that has served me well for decades. OK, it took me 5 years to learn it cuz I'm a little slow.
Please do call Wayne and let us know.
When this hits a buck we're all getting drunk and then UNGS tattoos. Hell, I might do that for a dime lol.
Yes Serp, after 30 years of this I've learned when it is too late to bail without solid evidence. Today was too late if you had a large position to dump. I look at the trash that trades much, much higher than us. There will be a much better day to sell if we need to at some point.
Critter and Serp, I was hoping you and a few others would stick around.
Agreed, but we have a lot of frustrated longs that will be looking for a place to jump off. We should put in a bottom sometime next week. It will be a flipping stock for most until Wane shows us the money. Very small part of my overall portfolio so I can stick around for the conclusion.
Which longs are still here? Who'd we lose from the regular gang? Saw little reason to sell today at these prices. GL to those who left today.
Syswin Solution site appears to offer all the services needed for high tech vending, remote monitoring etc.
I won't be dumping my shares in a panic as UNGS will surely release a PR an hour after I do something stupid.
Thanks for that link and good DD Darth. Clears up that piece of the puzzle somewhat. Definitely need a PR soon to tie this plan all together.
Some news sources are less expensive, saving money when the can. Good decision or not, he knows we will find it and spread he word.
Nobody here knows for sure Armyheel. I am confident there will be news. We'll have sort it out tomorrow. Not selling into the panic if there is one.
Conjecture is exactly what it is. Filing is for period ending June 30 and plenty has happened since then. But perception is reality in the short term, so those not on the inside will react accordingly with whatever info they think they have. Sylios can clear things up now if they choose too. If not, watch closely tomorrow. If the cheap shares are snapped up get very suspicious we don't have the facts.
Hope that wasn't directed at me Link (and I don't think it was). I am very long and have been short on the hype here for some time. Predictors of Doom will soon call this going to trip zeros. And then they will play the panic bounce for a few ticks shortly thereafter and post it right here. Go check on the share structure and biz plans for other OTCs in the trips and we still look very, very OK to me. Maybe not tomorrow, but soon enough. We do need an unambiguous PR tomorrow though or we are heading considerably lower.
I agree mgrego. UNGS has options here. I wouldn't mind lightening my position tomorrow, but I have learned long ago those who panic sell almost always regret it very soon after.
OTC is real bad at math if the news and net hype is good enough. IMO 2B shares wouldn't matter so much in the short term if the PRs fully explained what is actually going on, and when. Cred is gone now and it will take some magic to fix this quickly. A vague PR is not gonna fly tomorrow, and I do think there will be a PR.
I suspect he has been is afraid to say the Signifi merger is off until Plan B is truly locked in. He promised websites tomorrow and there will be hell to pay if it doesn't happen early tomorrow, with a full explanation of the way forward.
If that's it we are selling online only, and perhaps not through vending machines? Just a guess.
I suspect we will find out very soon who Artemis is.
IMO he's right Lucky. Thanks for being classy about it Barry. After reading the filings more thoroughly IMO there is no merger in the near future. The PRs were a clue Wayne has been working on plan B for some time apparently. What he appears to be pursuing probably supports the current share price/share level, but don't expect it to be received that way short term. Expect PRs soon as I do think he will attempt to preserve the pps. He needs to explain in detail what is going on very soon. This is very clearly a pure MJ play now with the oil assets gone. It will soon be valued in accordance with other MJ plays. They aren't hot now but that can swing without warning.
He's spending money to launch all these new activities now. I don't see a share buyback going on right now. I also don't believe it will matter so much if we have a few too many share O/S if the merger closes. Within reason of course. If we wake up with 5 or 10B shares OS then yes we have an issue.
I see an honest attempt at keeping his promises. On schedule, no, but we didn't buy shares of Apple did we?
Yes the share count is up. We knew progress couldn't be made without money. Oil asset sale for cash didn't work out.
I'm sticking around for a while longer. Merger or not I don't see trip zero downside for more than a few hours. All IMO, make your own decisions. He's went to an awful lot of trouble if this is a scam. He could have popped the pps much higher and dumped on us with a few carefully written PRs over the course of a week, and he could have done it over a month ago. Instead the news is spread out, albeit late in a manner consistent with attempting to put this all together, but hitting some stumbling blocks like selling assets.
If you count accounts receivable (notes from BAYP) (closing occurred after this report period), then yes we are a clean shell now, or close to it.
The 1.2B O/S not out of line for pinkie land, especially a company actually trying to grow.
Another trading day scripted by the MMs or what? That doesn't really require an answer as it is obvious. I appreciate the "support" as we wait for news, but I really don't understand the motive.
Correct me if I am wrong but the daily pps range and volume doesn't support a theory of massive money being made on the daily volatility and return to even money by EOD give or take a tick.
You are correct. The last PR did not promise Signifi merger news, nor do I think the current hoard is honestly expecting it tomorrow.
Absolutely. They need to deliver the news they promised this week. We are up about 25% the past 7 days and it would make a very nice ending for sure!
Agree it is entirely possible it doesn't matter much what we got in return for the oil assets. I agree they were a liability and they had to be very costly to have on the books in insurance costs alone. We were insured right? lol.
HappyC, because I can't fathom Signifi/Sylios not growing quickly if this whole deal goes down as stated. Pinkies don't make profits with only the VERY rare exception. Most of them don't even make significant revenues. They should have more cash in the bank than I do personally and mostly they don't. How it wouldn't trade in the pennies is hard to imagine. We have to merge first though lol.
MJ and a dispensing system just make perfect sense to me and that is why I am here still. I look at the other MJ pinkies and it's laughable they trade so high.
Done properly Sylios does not have to be a pinkie for long. We shall soon see if we hear what we need to hear.
MJ and highend vending makes perfect sense together. That could make profits VERY soon. Throw in some low buck drilling operations and not so much. If natty gas and oil was working well for UNGS we wouldn't be were we are now.
I found no comfort in a potential deal with BAYP. Pleased it closed, and I highly suspected it wouldn't be all cash.
I agree Barry, but is Signifi willing to jump into a hodge podge of widely varying industries? I say no, and it's strictly just my opinion. Does Signifi want to be a pinky? I don't think they have to settle for that.
Valuation
Unfortunately we don't have financials reported to put "Nasdaq" value on it. We could make a half intelligent guess with known shares O/S and add in some reasonable estimates of future revenues.
Not much of an answer I know, but get the pinkie games out of this (which will take some time) and it wouldn't be hard to value this in silver I suspect. I've paid a few bucks a share for smaller NAS stocks that were in a place Sylios could be in a year or so. That only happens with transparency and trust. No secret dilution pinkie BS games going on in the background etc. You only have to look at the higher level OTC tocks to see that it doesn't take much to trade WAY north of here.
I have a lot of shares and will take profits as we go. I'm not talking 22s lol. If the merger completes UNGS looks huge in comparison to a typical penny. All IMO,and I won't sit here indefinitely for real news of progress. I need to know why the merger isn't closed if it doesn't happen within a few weeks.
Today filing is what I have stated many times over the past month is the true merger hold up. Got what I wanted, and we'll soon see if I (we) were right. Even if it wasn't an all cash now deal, we are free from assets not useful to our current and future direction.
Not so sure the typical OTC investor will recognize it as significant news tomorrow, but I see it as huge for those who are here until the merger completes. Even if the merger is not imminent yet, Sylios can pursue our new direction without financial distraction.
I'm more than skeptical of that figure. 75% of that follower figure are not new at all. We've been at 400 for some time. Many of them shaken out weeks ago on the dip. Subtract out the $500 positions too. Not a chance you can calculate O/S by this method.
I got my avg down to 17, but many more are in low to mid 20s. It's only natural to consider a bail out of pure relief when you hit break even on a long hold.
And yes I expect much, much more out of this than a couple more ticks. Only reason I held through the storm is UNGS actually has some fundamentals, and a business plan. I have no fear this is heading for trip zeros with Wayne working hard to advance this in many directions. 90% of OTC is a bold scam that makes no financial sense to anybody with any business investing in OTC. It's clear to me the holdup for our true launch is peddling our oil/gas wells to somebody that can pay for them when they promise. It'll happen, Oil is down and still $97 a barrel. Somebody could use our gear profitably and they will buy it soon. Maybe BAYP, maybe not, it's not the only option going forward.
2 1/2 days is with ST. It's those damn MMS trying to squeeze the last tick out of me lol.
Actually its me trying to buy on LOD and they paint a tiny trade down there WAY under the # shares I'm trying to buy.
Wish TD was interested in OTC dealings. 3-5 seconds is about right when I'm flipping the NAS or NYSE. I'm always trying to steal OTC on the bid so my trades take 2 1/2 days lol.
I'd have to look. I'm new to OTC so most of my trades are 250K to max of a milly. Paying $8 to 12 generally (OTC). Large caps real cheap through most any discount broker I've seen
That sounds like an excellent price skills.
My individual trades are always much smaller than 10 milly.