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I think it should have never dropped as far as it has. Sub-penny?
Their are junior oil companies who do not even have any revenue that are higher than pennies.
Hey Thinman13,
Please review post#6355 LETSGETSTUY found this. Hell I 'm not smart enough! Anyway any thoughts would be appreciated. If you cannot find it let me know. Who knows what to think, but a great find by letsgetstuy.
Regards,
Snowcat
thanks for all the comments this evening, ladies & gents
Thanks Mr. Dutch! If you look at the top of the listing it says...........status "off market"
What do you make of the Bloomberg listing found today where it says (key stats for ungs")
price/book: .0456
price/sale .0844
It may not mean exactly what it says to a finance guy? Shucks who knows.
If 122 nat. gas wells and 3 oil wells is valued between 15-20 mil as stated on the sale sheet, (which has been removed) then we still have to consider the value of the 40-50 oil wells. What are they worth? Based on 365 mil os @ .0844 would give a value of 30 mil. Not impossible strech I would not think so. So where am I thinking wrong here?
Thanks for the info. Based on this info it appears ungs would be going private. To do so this in affect would be the same as a buyout right? Bloomberg shows sale price of .0844. Does this seem possible to you. What other take do you have on this? Monday maybe interesting, but won't hold my breath. Once again thanks for the info! Lots to learn.
Regards,
Snowcat
If indeed a buy out is coming very soon, when would trading be suspended to you suppose?
thanks!
FYI.........Last week I called the Kentucky Operations Office (727-254-9581) and got a UNGS recorded greeting to leave a message. I called today and did not get a ungs greeting but rather just a recorded operator greeting.
Maybe nothing at all, but it is a change.
Assuming what we know at this point is true, I hope they "do not"
give us an update anytime soon. Maybe instead of 248 shareholders we could have 48. Get rid of the weak hands. I am sure Mr. Anderson is very disappointed with the pps dropping as far as it has. This should have "never-ever" fallen to sub-penny status.
I hope the 15? discourages investors enough to sell. The 10q's were insignificant at this stage of the companies development. Want to see a bad 10q? Look at a penny stock with no income, no assets just blue sky. Their pps is much higher than UNGS!
Somebody is picking up the shares for a reason. As the pps starts to increase a few 1/1000 (geezz!!) per share more folks will sell.
I am also very disappointed with shareholders who are totally clueless on how hard it is to grow a company and make it profitable. Its not easy. I say good riddens to those!
On a lighter note, it sure would be fun to watch and be a part of something succeeding. Its just not about the money for me. I'm sure UNGS employees and subs are working very hard.
Regards,
Snowcat
sounds good. Get rid of the weak hands who are keeping the pps down.
Over 30,000 dollars to do a 10Q! This was the figure I was told by a CFO where I live. Do not know if this is correct but a lot of accounting goes into them and I would not be surprised. I'd rather see them save the funds and by back shares.
Another thing to remember is Mr. Anderson and others in the company own shares. This would mean they have skin in the game and most likely do have a plan. Remember they want a high pps also.
I believe they want to hit the market very hard with overwhelming good news so the pps will go up. Weak hands will leave (sell quickly to make a fast buck) and stronger hands will raise the pps.
I believe they know what they are doing.
Exciting news in technology in regards to reworking existing wells with assume results. This is their business plan, I believe.
yea I think you folks are right. false alarm sorry
Very interesting find melmartin2006. Cooper holding acquisition company in cottage grove TN.
Woooooo! Down to .0004 Lets keep driving it down. I still think we should shoot for .00009 How cool would it be to own millions of shares that are not worth????.
With a merger you may also see a reduction in your amout of shares and be no better off. I prefer buyout.
wait a minute, are you the same person who said that 150 mil share was going to be dumped one afternoon last week?
Weak Hands!!! Remember January 25th statement by Mr. Anderson. I believe he was frustrated at the pps and how undervalued UNGS is. Most all other penny stocks have at least the value of .01 or more and have no assets/income etc.
One of Mr. Andersons biggest challenges is the ungs investors. The cheapest way to buy a company is to buy all the shares at this price. (sub penny) Maybe that is what is happening now.
Ungs shareholders prefer to buy lots of shares and drive the pps down. These are the same people who complain about delution. If you need to raise capital and the PPS keeps going down than you have to sell more shares. Penny stocks are risky! So why are some of you folks in this? This stock should have never went below sub-penny. I hope we get bought out. Booo! Did I scare ya? Did that drop the PPS? Better sell!
Weak hands, don't sell! Think big
The natural gas wells were on sale for 15-20 million. So how much would 50 oil wells be worth? With new technologies these low producing wells could easily be much better producers. Quite possibly thinking to small again! Anyway its a very pleasant thought!
Snowcat
Yes, is'nt this only considering natural gas? How about oil wells to consider also.
No, No say it is'nt!!!! Can't we push the pps down to .00009. Come on lets make our stock worthless!
Board members give themselves big pay raise of approx. 160,000 per year! (each) They must think that they are really good! This raise maybe exceptable if the company was at least breaking even, but it is running at a loss right now! So glad I sold and got out!
Come on folks! lets see if we can drive it down to 00009. This way you can buy really cheap shares that are worthless! Brain dead are we?
How nice that the 2 board members gave themselves raises to 250,000 per year. This is a company that looses money, at this point.
It would make sense for the ungs to buy back shares as cheap as possible. Since we have stockholders who like the price to be driven down to levels of poverty, what a perfect time for ungs to buy back shares.
Snowcat
Hey why stop there Chetra744, maybe we can get it to 00009! Yea thats the ticket!
Snowcat
Dilution problem?? How else do you expect the company to generate capital to rework the wells? They have to dilute or die.
By the way, they would not have to dilute so much if the PPS would not have been driven down as much as it has, and who do you suppose has been driving the PPS down. The biggest weakness in UNGS is its stockholders.
Snowcat
"bend over a dollar to pickup a penny!" oh wait a 1/1000th of a penny. Geezze what are ya thinkin. Comeon boys & girls lets drive the PPS down!! Hey lets go 4 zeros! .00001 Woopppiii Maybe a new record!
Are we to expect the 10Q today?
snowcat
Let's do this! We all sell cheap. Drive the stock price down as far as we can so we can all own millions & millions of shares! Yea thats it! How "cool" to own, say 32 mill? shares at say 1/100 or 1/1000 of a penny. Having had a few pennies in my lifetime, I know the diameter and the value of a penny. (value of a penny has reduced by 50% in ten years!) Kinda like printing money with no value. oopppps that is another lesson. Would it be difficult to cut that penny into a hundred pieces, wait maybe a thousand! What are we thinkin? Lets get out of the gutter. Ah, that is to generous! You are a owner of this company!!! Respect yourself!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Snowcat
Next post,.. . does it really matter what the share price is?
Excuse me I must be missing something here? The revenue potential puts this stock at about 60 cents a share. What are you folks thinkin? Take the time and compare other junior oil stocks. I will be glad when you all sell out! GeeeZZZ!!!
Snowcat
Assuming we get to 3.6 million in revenue which should value ungs above .01 and beyond,.... by then all you .000? and .00? will have sold and be gone. This group cannot seem to get it together and realize potential. The shorts will never need to arrive because you folks are already shorting the stock just fine on your own. Get your minds out of 1/10 of a penny and 1/100 of a penny. Geeeze this should have never went below a penny!!
Snowcat
Gee how cheap can I get it, how cheap can I get it. Maybe I can make a couple hundred bucks! woopie!! lets grow somethin folks!!
My God! How do we change the mentality/discussion of sub penny price? Lets get to .03 What are "all" of you thinking??!!
Snowcat!
Trying to make a fast few hundred bucks? Poor man's mentality!
Hey I got it! lets see how far we can drive the price down to buy up them shares! Hell maybe we can get down to 0002. In fact lets put one more zero in and go 00009. Yea thats the ticket! lets save those shorts the trouble!!!!
No Regards,
Snowcat9
3.6 million in revenue is possible with 49 operating wells @ an average of 2BOD. If this is realized, the biggest challenge with ungs stock price will be to get shareholders out of the sub-penny pps mentality. I suggest thinking a little more long term and lets get our asses out of sub penny share price!
As Mr. Anderson stated on January 25th the shares are currently priced at a 90% discount. It all depends on revenue. A simple 2 barrels per day per well average would be a huge start. If they can frack or acid some of these productive wells and drasticlly increase production....who knows were we could go.
Their is a reason why they are interseted in these low producing or no producing/abanded wells. Think of the potential.
In the past I have invested in junior oil companies with no production/revenue and the pps is in the 50 cent to two buck area.
Lets stop cheapening the stock! We are our own worst enemies.
Regards,
Snowcat9
Appreciate the positive talk. I saw another trade for "911" shares.
What do you suppose that means?.... 9 1 1 shares??? Second to last trade of the day.
Regards,
Snowcat9
A trade of 650 shares @ 0008. A .52 cent trade. Lowers last price by 0001. I hate MM shennigans! No wonder why pinkies have credability problems.
Snowcat
It is great to get a lower price. 1/10th of a cent or 1/100th of a cent. In the grand scheme of things I think we should be looking much bigger. .01 to a buck. If you review other junior oil companies and look at revenue, # of shares, debt. etc this is where it is at. If ungs gets to 3.6 mil in reveune this will be huge. Get sub penny out of our minds. Review other juniors.
Regards,
Snowcat
As you have stated, I to do not want to pump up a stock either. Just the facts!
If I was trying to increase share holder value, I would:
1. Show proven returns. (revenue)
2. Buy back stock while it is cheap. (dilution problem)
3. An improved 10Q Due end of March.
4. Announce future deals in the works. (growth)
5. Get it done by the end of March. (sense of urgency by field workers?? (bustin ass") possibly...???
6. Dead line March 31 Hit'em hard with overwhelming news!
Of course all just a guess!! and maybe wishful thinking.
Regards,
Snowcat9