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Waste of time...no shorting allowed on the greys as far as I know.
So much for getting lowball shares...not even close...
THis will hold its own...not going to double zeros.. :)
It already shows as grey market at my broker...this is where it goes now...there's no way back to the otc at this point.
I felt the exact opposite way..That this would save the time of the SC by giving an opinion....
If RPX's appeal is warranted...move forward with SC hearing..that can go either way..
or...not move forward because SG deems this appeal a waste of time..
That's my take.
FYI regarding grey sheets...
Lots of misinformation being bantered about here.
Here are some facts regarding trading the greys....
Risks of Grey Sheet Trading...
Grey Sheet Trading is inherently risky for the following reasons:
•If Gray Sheet stocks register to offer public shares, then you can only trade them through a broker that agrees to participate in that stock transaction. Such agreement is verbally expressed between the buyer and seller and is based on mutual good will.
If such agreement is broken by either participant before the transfer of shares occurs, there is little, if any, legal recourse to make the participant comply. Broker commissions for such transactions are far higher than for other securities - the broker's cut for services rendered.
•No way to track bids and asks and difficult to figure what the stock is actually worth.
•Very difficult to impossible to find good fundamental and technical information on these stocks.
•Such stocks mostly have very little history and may fold any time.
•Many of these stocks are likely companies in name only with little to show.
•Most of these stocks are very illiquid - difficult to buy and may be more difficult to sell.
•Management has more control over the shares.
Risks are Limited in some important areas:
The SEC has established certain regulations for Gray Sheet stocks that limit risks to investors, as follows:
•The stock may not be solicited or advertised - so pump-n-dump scams by broker, mail, fax, etc are limited.
•Grey Sheet stocks that do have a public offering of shares cannot be shorted. This is a benefit in that unreasonable plunges in share values are minimal because broker-dealers and other investors and scam artists cannot short the stocks by law.
Gray sheet stocks usually trade higher than they would when officially traded on one of the exchanges considering the size of the company, but that is mostly because so few shares exist with such low market cap - less than $1 million usually - in comparison to publicly traded companies.
Not talking about greys...
Talking about reinstatement...
Reinstatement is not an option relevant to our situation.
You've had weeks to add..why make it an issue now?
Here's a direct pipeline to BIlly via FB
https://www.facebook.com/ipcmadvisors/
May also not respond here..I see was set up in 2014...
I sent a message yesterday and have heard nothing.
https://www.facebook.com/ipcmadvisors/
website doesn't work...yet
this must be pretty new...
Everything lines up..
2515 McKinney Ave
Dallas, Texas 75201
+1 214-438-0750
www.ipcmadvisors.com
Consulting Agency · Lawyer & Law Firm
Wrong..... At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true.
The trading is irrelevant.
This board was a pleasant place to be and still is.
We are Unified here...UOIP!
We wait one of three outcomes.
Nothing else matters.
If Billy does nothing eventually the company is suspended and then the ticker revoked and we're now part of a private company.
It doesn't make the lawsuit go away but perhaps makes it easier for Carter to settle with us and lowball us.. (one possible scenario)
Not saying this would be the case..I am hopeful we'd get a reasonable offer between .50-2.00 depending on the negotiations going on with the 13 mso's which we're not privy to.
That's if there are no efforts made to rectify this situation.
If there is a willingness to become current the company would be required to file from the time they've been delinquent until the latest period...
Companies are often suspended and given up to 2 years to become current in their fillings...but they then have to reapply for re-registration again and need a market maker to support this..
Our filings would not be that complicated as not much has happened over the last few years...
Anyhow..we will all see where this goes within 10 trading days and then we'll know if this really was done on purpose or was an oversight....
I say this was intentional.
There are too many great minds attached to this ticker for this kind of bs to just happen..IMO.
In your opinion...you can't say this is fact..so please don't write it this way..even though I'd like to believe you're correct.
We are in uncharted territory now.
That's a fact.
Excuse me but we have no one looking after our interests...since Mr Howe passed.
That doesn't worry you?
I have used FoxRothchild before with my company when I was doing business in the states.
They are a good firm.
The lawyer at the end of the article is an expert..
Someone in the US should make contact asap.
How do we arrange this?
What is the financial obligation to shareholders?
It would seem this would be in our best interests to look into this asap.
Living in Canada I doubt very much I can help but surely out of all our shareholders there must be a lawyer or someone that can help us with this.
We can't sit idly by and do nothing.
Too much at stake and too much is not known..imo.
Then we need someone to represent our interests.
What do you know about facts?
Lies...that's a different story.
YOU know nothing..you post your opinions as if they are the truth...and they're not.
What exactly do you contribute here?
The same bs posts day in and day out.
Rockie......a halt is the first step....the SEC wants to hear from the company...as to why they ignored the SEC's requests in previous notifications about being delinquent in their filings...after the initial ten trading days if the company doesn't respond we could be suspended from trading on the OTC...
Then we are relegated to the greys...
It's not a suspension..It's a halt...lol
A nod is as good as a wink to a blind horse.
I truly hope you're right..I just find it hard to believe it was an oversight.
and we're then left with what?
Bupkis.
We have no clue wtf is going on.....
I would just feel better if there was some communication with us but because there is none I am left assuming the worst.
Sad.
Not expecting you to..just pointing I and a few others here came to that conclusion on Wednesday..that's all....
If you think about everything that has happened it's the only logical explanation and it will be proven to be true if the company/Carter does nothing to rectify in within the 10 days...
What other conclusion could be drawn at that point?
I will never believe for one second that this was nothing more than a clerical error that happened because Mr. Howe passed.
Too many great minds and eyes on this for it to be an accident..IMO
You're now saying what I said 2 days ago..it's the only thing that makes sense..
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143671677
How so..He's talking about filings for the past 2 years...
Not taking 2 years on the greys..that's a whole other ball of wax.....
They only need a mm sponsor if they are delisted and need to re-register..this stock/company has not been delisted or suspended..it was halted...big difference.
That will come after if nothing happens during the ten day cooling off period.
Anyone that's never traded grey sheet stocks...here's a lot of info...some applies to uoip...most does not as we we would be buying to add more shares and hold for the legal outcome.
We already know the rules of the game for the most part..
https://www.extraordinaryinvestor.com/grey-sheets.html
How can you be down 40 k if according to one of your posts this week you bought in 2 years ago?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143636747
The timing is suspicious because all we are hearing is crickets.....
Hopefully..we get a "pulse" from somewhere.
The silence is deafening.
Not sure if appealable is the correct word...from how I understand it the SEC has taken this initial action and are asking for a comment from the company as to why they ignored their previous notices and why further actions should not be taken.
The company has 10 days to respond.
Who is there to look after this?
And if there is someone to represent the company and to respond to this SEC action the next step is to get the delinquent filings up to date.
Is this even a priority?
Was this lapase allowed to happen purposely?
As shareholders of UOIP what recourse do we really have to get accurate information on the company and its activities?
What would really be beneficial here is to get some clarification as to wtf is really going on.
I realize neither Billy nor the lawyers have to speak with us or keep us informed as the company, UOIP, has no one at the helm and they are not part of that.
I am asking myself now why after my initial rejection of investing in this company due to skull and crossbones on the OTC site, I went ahead.
It's all on me but the fact is everything written on this message board is and always has been pure speculation via interpretation of pacer updates and some articles written by third party blogs and websites.
We have no clue how this plays out or even if in fact this ever was a great play to begin with.
Carter will not speak to us because he doesn't have to.
All we can do now is sit and wait and maybe, just maybe we get thrown a bone.
NO ONE HERE CAN SPEAK NOW OR IN THE PAST WITH ANY CERTAINTY AS TO HOW THIS PLAYS OUT>>NO ONE>
Nowhere did I say Billy was evil..I just think this was intentional..that's all.
It's a big reach for me and many others here to believe this was an accident...with all the great minds and people involved..
Sorry...not buying it.
TO me and to you...obviously the only thing that makes any sense.
What I mean as fishy may be that this was intended to happen by Carter...
Now id he does nothing the company is suspended and then the ticker revoked and we're now part of a private company.
It doesn't make the lawsuit go away but perhaps makes it easier for Carter to settle with us and lowball us..
We have no choice....
That's if there are no efforts made to rectify this situation.
The company would be required to file from the time they've been delinquent until the latest period...
Not likely that is going to happen..sorry to say....
If you read Sleddy's post..it explains that companies are often suspended and given up to 2 years to become current in their fillings...but they then have to reapply for re-registration again and need a market maker to support this..
It's a long process and shareholders are left in the lurch this whole time holding a suspended illiquid stock..I know what this is like as I hold 55 millions shares of a company that the sec suspended in 2006, cmkx..and my shares which a...
Anyhow..we will all see where this goes within 10 trading days and will know if this was intentional or not...and then we'll know if this really was done on purpose or was an oversight....
I say this was intention.
There are too many great minds attached to this ticker for this kind of bs to just happen..IMO.