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I think its all bullshit.... I really don't think that Andy left the shareholders out to dry, he is a dealmaker so they sold the pvc pipe business,that just means something bigger and better is coming,
“Going dark” should not be confused with a “going private” transaction. A “going private” transaction generally involves the cash-out of all or a substantial portion of a company’s public shares so that the company becomes eligible to delist and deregister its shares under the Exchange Act. “Going private” transactions can take many forms and may involve a merger, tender offer or reverse split of the company’s shares. “Going private” transactions require extensive and detailed disclosure filings under Rule 13e-3, the “going private” rule. “Going private” transactions are often undertaken by or at the direction of controlling shareholders or third party acquirors and require extensive board consideration, disclosure, fairness opinions, SEC filings and often a shareholder vote.
I think Straightshooter is full of s%*t, remember all, there are plenty of shareholders that have voting rights, most likely will see some kind of a surprise announcement as to were they are going to put the $85 million to work.
I agree and have always wondered myself.
another quote paragragh#6...http://www.plasticsnews.com/article/20051128/NEWS/311289988/ugsi-gets-a-new-top-executive Mark was not ousted out,he handed it over to someone who could get it off the ground.
quote from Mark that he himself recruited Andy and the others. see paragragh #6....http://www.undergroundsolutions.com/pr_11-21-05.php so draw your own conclusion but there it is straight from the founder.
no, I do not know, I only assumed that he did. I came around in 2004 Mark was running the show, I thought all those green pipes and the patented fusion process were his. but you are saying if I understand correctly is that they were not Marks, he was just a CEO just like Andy is the current CEO. You could be right also. I don't claim to know much of nothing,
all good points to ponder,the reason why I wonder if Mark got a slice of the action, is because he hired Andy, this is Marks product not Andy's, he only hired Andy to market it. why would they sell there core product line especially after coming this far. its just not making much sense.looks like 2016 is going to turn out to be a make or break year. I sure wish Andy would let his shareholders know what the plans are.
I thought we were well past 622 million shares outstanding of the common. it felt like some serious dilution going on .from peak to valley,but I guess not. so that is good. I'm wondering now who got the money was it Mark or UGSI or both.
not sure if it is safe to say UGSI now has $80 million in cash. the reason is the founder of this company owned the patents, so if he sold that part of the business along goes the patents.quite possibly Mark S. has $80 million and not UGSI.
thanks Fred for tuning in and coming to the board with what you heard, it did come across as if the whole company was bought for $85 million. interesting to see what Andy does with it. I'm thinking a spending spree ,and IPO with a name change come 2017. one thing though UGSI does have a $30 million bill with Riverwood. with $15 million more available. so there is now $100 million available to restructure and move forward. very promising and positive with a leader like Andy. I wonder is Mark S. completely out of the picture and Andy is now taking this company in the direction that he sees fit for the benefit of the shareholders.
The voting rights shareholders will most likely shoot this down. Pictet bought in at .22 no way will they sell out at .08,,,,,, not a done deal . $85 million is an insult. unless of course the cash that UGSI already had gets dispersed to the shareholders in the form of a dividend.
Fred, I will say it for you..... were's the damn frigging shareholder letter.
This article is old news but it will serve as a reminder that we on this board are not the only stockholders in the red ,they bought in at .08 and are now losers on paper, these people are right there with us now, difference is they can talk to Andy and the BOD we can't. so I expect 2016-2017 to be turn around pivot point for the this stock I am continuing to buy,http://www.sddt.com/news/article.cfm?SourceCode=20060119cze#.VkJcKV4TbOM
there not excited thats the thing, there not emotional over this at all, they are a much diversified class act, they don't put all there eggs in one basket,they will at the very least double there money after having it parked here for 10 years,everything that has happened with this company over the past 8 years, it was all layed out for them behind closed doors so they knew already Andy's plan. we little people just were keep in the dark.this is just my opinion Fred, and actually the only fiber of hope we common shareholders have, is that Pictet will eventually want to post a return on there books.I think Riverwood , Pictet, the BOD, you me and everybody else will make money here.
for what I pack in them ,your right, thats all you got, but you do stand corrected.like it or not. and Andy keep up the good work.
what does box 6 say. yeah you stand corrected.
you were that kid that sat in the back of math class and didn't get the lesson, would you like me to post the SEC filings one more time? because I can back up what I post. yes or no , you know I'm right .keep up the good work Andy
hmmm , guess you do , but you know what I mean, how much you got invested here? $19 whole dollars, Pictet has $19 million, but what the use in trying to convince any you that they will not take a loss after 10 years they will make it happen, besides they had to of cast there vote for the Riverwood deal, everyone will eventually make money,
geeze do I need to post it again, again and again, they have voting rights , do you ?
Pictet will come to the rescue soon. you know it, keep up the good work Andy!!!
well its nice to see that the members of this board are seeing now what I have said all along , Mark Smith wasn't so bad after all. but its also nice to see members that have not given up on Andy either.Andy has done a great job growing this company, Mark made a very good choice. which leads me to my next guidance lesson, buy all you can now the year 2017 is approaching and that will be the year Pictet 59 million shares strong ,$19 million invested at .22,year 2007, 10 long years and they will be looking for a return on there investment, good news is when they benefit,we benefit. yes I will say it again PICTET, PICTET, PICTET, just like I said Mark Smith was good for shareholders , PICTET will be our saving grace,mid 2017 stock is gonna pop big.just my honest opinion.and thats all.
What you say is true. I was just trying to get Fred going thats all. Mark started a good company and was a good pumper ,it worked for me I made money then trading, but loaded beyond belief now! waiting for the BIG PAYDAY!!!
well you keep on saying that , but it looks like we have leveled off selling is over Fred.not going up anytime soon either, maybe if he would release a pr like our buddy Mark used to do we would see some movement.
that gives me plenty of time to double my position, which I 've already started to do.
I'm still around Fred, I'm still a believer Andy is going to do the right thing for us common shareholders one day !!! if you click on this website you will see Riverwood has been involved in 4 IPO'S hope we are number 5. but on the other hand they have also financed series D and E for some companys too. just hope Andy gets us out of this and stops with the series C https://www.crunchbase.com/organization/riverwood-capital
FYI, we own this building.http://www.yellowpages.com/listings/5482473/gallery?lid=5482473
precisely!!! this is why I am still buying, it is a secret.so shhhhhhhhhhhhhhhh!!! not to loud.
Oh O.K. Fred, our day to scream ,to da moooooooooon. and boooooooom juice! will be here. its coming, Andy's not getting any younger.
man-up Fred !!! you are in the position that you are in because of your own personal greediness, its not Andy's fault. its your own . give me one prime example of Andy saying he was going to make you rich.thats right he has never said anything like that.buy more my advise.
old foggies!!! now that I've put all your fears to rest by showing Pictet is a very big common shareholder with shared voting power, meaning there not going to let Riverwood or anyone else walk all over the common shareholder, it got really quiet around here almost like you people want to hear bad news not good news, weird!!! but I will still guide all of you through this.Riverwood , Pictet, NES, and everyone on this board will all eventually make a profit from owning this stock.
http://www.sec.gov/Archives/edgar/data/1176473/000095012311013328/b84955ussc13gza.htm for the intelligent people out there that can read see box 6, we will be o.k.
how bout you just say something intelligent period.
theres a piece of the puzzle thats missing though,, its a $19 million dollar piece , its a 56million share piece, and of course I'm talking about Pictet, I really don't think they would spend that kind of money and just let Andy and Riverwood reap all the benefits,Pictet is a huge stakeholder in this company and they do have a voice, and there not going to something like Straightshooters scenerio happen, I appreciate his comments as well but I believe he is wrong.
GSPH and UGSI, just a thought, the last letter states some of the preferred shares were converted to common shares, did they go to the OS { outstanding } or to the AS {authorized },just visit GSPH, sale of securities is the headlines over there. Yes Emptybones they are connected Mark Smith is the founder of both companies. hmmmmmmmmm!!! Looks like the selling is over, and this is the new natural price of UGSI... ,08 cents right were the dream team got theres 10 years ago. were there shares converted to common? and quite possibly they did some selling? I don't know, I'm only saying it looks like insider selling went on here. just a great opportunity for people to step in and get some. if you want to invest not trade.
GO UGSI....you got my attention!!! do what you got to do, you have my utmost support.
yea me too, especially lately I've added a lot more, when I first came upon this stock and bought some I never thought I would own as many shares as I do.I trading this quite often , then I stopped trading it and starting accumulating, just hoping for the day when Andy does the right thing for the common shareholder.I trust he will.I see you are followed by alot of posters so you certainly know how the pinks work, Andy is no used car salesman that bought a shell and calls himself a CEO. Andy his experience, leadership,education certainly rate much higher than the pinks, so any thoughts on the series c financing ? I think it pushed any IPO 2 to 3 years out. just my IMO,
Welcome to the family!!! yes this is a great company,great management, IMO the best in pinky land,