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Thanks for reporting back to the board with your conversation with your friends. AWWA is all good , we are moving in the right direction, and those competitors can't hold this technology back.bell and gasket that is so ancient.fusible is the new and improved.there is no way AWWA will deny this technology because of some worried competitors that are losing bids to us month after month. just my opinion.
yes it can be frustrating, Dow approaching 15000. UGSI has not moved at all. the only thing that keeps me going sometimes is just knowing that Pictet owns 56 million shares, HEK owns 7% and the many others that hold a million or more. but especially Pictet .surely when they are out on the golf course with Andy they have asked the question. so they know something and they are holding on and so am I. The term coiled spring comes to mind.I'm actually going to buy a little more soon. hang in there Fred.
thanks Fred, it certainly has come a long way since Mark, darn PPS sure hasn't. oh well just got to keep hanging in there.
10 years later. I found this interview from Mark Smith. thought it would be a good read while we await the next shareholder letter. any comments are welcome. http://www.twst.com/interview/15865
h20dan I need to some help here trying to understand all this AWWA stuff. so tell me if I have this correct. c900 and c905 fusible pvc are already certified but only the manufacture and testing part. we are waiting on AWWA c605 to certify the installation part to complete the whole process. http://www.undergroundsolutions.com/awwa-c900-c905.php
Thank you for trying anyway.much appreciated.
Yea ,I know we are all believers here. I just want to kill the HEK myth.that we will be acquired by them . the evidence to me does not suggest such.Its good to dig into this and have these types of discusssions, but I know at the end of day,we still have a PPS of .16 cents.
Fred and pipeliner , this is the good part for us , they bought those shares all 56 million of them at .22 a share.and have voting rights. that was 6 years ago , since then Andy just said in the letter that it was the best year ever, we now have Mobile Pipe, the Seimens deal,practically -0- debt and now AWWA CERT. shortly. no way will this ever be acquired by HEK for .20 cents a share even if Andy and Dick are buddies.this is sooooooooooo undervalued. http://www.undergroundsolutions.com/pr_12-10-07.php he also used the term shareholders in the letter which means to me we are getting close to a breakout.
Pipeliner, you can see from post #166 , in my opinion Andy has no intentions of selling us to HEK, a person or persons wanted out of UGSI stock. Andy , HEK and others took the shares of there hands at a bargain basement price.this is how HEK came to own 7%.most likely they plan to cash in just like us one day but on a much larger scale.but in order for that to happen we must become a full reporting company,and that time has to be near.AWWA Cert.is certainly going to help.
http://www.undergroundsolutions.com/pr_12-14-05.php note the 3rd and 7th paragragh.I answered my own question Fred about the Water Fund.
"... it was announced by Heckmann Corp. (NYSE:HEK) that it had acquired a minority position in Underground Solutions, Inc. (UGSI). HEK acquired the shares from an existing UGSI shareholder. UGSI did not issue new shares. As a result of the transaction, HEK owns about 7% of UGSI on a fully-diluted basis. UGSI management and directors also purchased shares from the same investor – increasing net ownership." from post#166
well gentlemen this is all good stuff. but I would like to drill down into further. now Fred , HEK owns 7% so were did they get the shares? Do any of you remember a bailout for lack of a better word , where HEK bought those shares from an institution because they wanted out. If none of you remember thats ok , then where did they get the shares? Secondly Fred the other institutional owners you say own UGSI like the Water Fund were is this information on The SEC website, I looked back as far as I could to 2002 then the record stopped,or I could not find the tab to go back further.I was always a believer that this stock was held by institutions. this is what made this pinky a buy, buy, buy. but I need help proving it though.Also Fred Pictet owns 56 million, not 40 million, the link I provided confirms that they own 8% and have voting rights.http://www.sec.gov/Archives/edgar/data/1176473/000095012311013328/b84955ussc13gza.htm
In summary based on the SEC website, Mark Smith, somebody named Richard Neiman, Andy and the ones that came with him. Pictet and HEK are the biggest players here.I think Wynnfield Capital sold there position to HEK , This is how HEK owns 7% so Pipeliner looks like you are correct in that there is not alot of funds that own UGSI only 1 and that is Pictet 8%.I've been wanting to have this conversation on this board for along time,if anybody else wants to chime in here with additional info please do so.
those look like dollars not shares. those sec documents I'm not the greatest at them. just trying to share info for what the board is intended.
http://www.sec.gov/Archives/edgar/vprr/06/9999999997-06-001073 2 million more to Wynnfield.
http://www.sec.gov/Archives/edgar/vprr/05/9999999997-05-001817 4.5 million to Wynnfield Capital.
http://www.sec.gov/Archives/edgar/data/1176473/000095012311013328/b84955ussc13gza.htm 56 million owned by Pictet.there are more just don't have time to dig into it and add them all up.with 708 million shares outstanding and 0 trading volume for days, I am 100% convinced there are big players here that will never let this go cheaply to HEK or anyone else.besides I don't think HEK wants us anyway. there 7% stake was acquired during the fallout of the Great Recession we just experienced. they got those shares not from a private offering but from another Fund quite possibly it was Pictet.but anyway everyone was trying to liqudate and get into cash. and HEK was in the right place at the right time. and took them over. they have since not bought anymore.
don't be fearful of a .20 offer from HEK. I'm sure the Water Fund , Pictet and others would balk at such a low price.especially after tying up there money for 10 years, and the dow at 14400.remember there are big players here way bigger than anyone here on this board and there presence will dictate there's and ours best interest. Andy is doing a great job at the helm , he will be there for a long time to come.
Andy did say in the letter that it would be later this year. I did notice on the website there is a annual conference and expo in June. that would be a good time to come out with news about revised standards.but I'm just wishing,the good part is that it is inevitable to happen in 2013.
http://www.awwa.org/ what a wealth of information check it out,
I'm wondering if the importance of this AWWA cert. as attested by you 2 oldtimers in the industry, if this is the reason why Andy an co. haven't done much as far as PR releases and ultimatly going public. when you stop and think about it. how can you go public if your main product isn't even certified in the industry,but now we will be.it has to be one big factor whether to go public or not.
And I am right there with you and h20dan , this is going to be a great milestone for UGSI, AWWA will get this company noticed finally....its all good.!!!
see post # 800
h20dan, I wanted to let you know that I mis-spoke in my reply to you.when "I said your right it may not". what I meant to say was you are right about the engineers and there reluctancy to change, you make perfect sense by saying that, now they might take a chance on fusible since the liability will not rest solely on the engineer simply because fusible will be certified through the AWWA.I agree with you.so I just wanted to clarify that.30 years experience I certainly am glad to hear from someone that knows.please visit us more often.
We remain hopeful that 2013 will continue to provide enhanced economic prospects for our businesses and for our shareholders.
Thank you for your continued support.
en·hanceden·hanc·ing
Definition of ENHANCE
1 : raise
2
: heighten, increase; especially : to increase or improve in value, quality, desirability, or attractiveness <enhanced
I know all of you are well educated and know the meaning of enhanced,but just thought I would put it out there.
I want to thank you for that response ,it is viewpoints and experience like yours that we need more of here.very interesting, I just assumed that the product will be accepted with open arms.but your right maybe it won't be.
guess not! oh well.
Does anyone here think that the AWWA acceptance of fusible is going to be a huge milestone for this company or is it just me? seems like the majority of posters here not all mind you, were just hoping the shareholder letter was going to make us rich overnite. didn't happen obviously, so what about the substance the letter provided? I think the AWWA acceptance is going to finally put this company on the radar screen. our name and products will then become known.the growth will begin to ramp faster.but this is just my opinion I don't even work in the water industry and can tell this is going to be a great thing for UGSI.or am I reading to much into this?
a few more acquisitions,just like he did at US Filter, acceptance by the AWWA for fusible.and the stage will be set.in the meantime ,I will be scooping up as many as I can.
Was there any communication with Andy that you can share with the board?
http://www.undergroundsolutions.com/pr_12-10-07.php very old news yes I know. but I just wanted to point out that 5 years ago
UGSI opened there books to Pictet,and Pictet saw what we can't see. this was 5 years ago, they valued the shares at .22 cents, 5 years ago.now present day the value has to be at least .50 cents a share considering the growth and addition of Mobile pipe. and the Siemens deal.just trying to put a value on the shares we own, cause the waiting year after year has me dreaming of the day when I can cash in.anyone else your input is welcome.I remember when it was announced by a news release that Andy was taking over things. the stock ran to .65 cents. those were the days.
nice !!! thanks for the post of that. and by the way thanks for the post of the shareholder letter.
it seems to me that the stars are beginning to get aligned they are definetly moving in the right direction. just not there yet.things are changing in our favor.I get the feeling he wants to buy a few more small businesses to add to UGSI, Just like he did at US Filter.then go public.I'm thinking 6 more solid quarters and looking for $2.00 a share before any splits. yes I dream too. LOL see ya in Vegas Fred.
First time ever that he has acknowledged the shareholders in his letter, so I'm very happy to hear that it wasn't just the same blah, blah, blah. .17 is a bargain. thanks whoever sold me there shares today. 70% increase in gross margin . Awesome!!! AWWA coming out with new standard, UGSI will then have a product that is bought rather than sold.
ah yea life in the pinks, he really has no reason to stop the quarterly shareholder letter, unless of course he is holding back because of some deal , or some kind of good news that he is waiting to get final. with the Dow crossing 14000 for the second time since he took over, the big players have to be putting some kind of pressure on him by now to start getting a return on there investment.just my hope and opinion.
LOL,hey Fred. Big "O" to talk about infrastructure rebuilding tomorrow nite. could be a nice trade setup but I don't trade it anymore.
I think everyone here , has held this for many years, this is my longest long thats for sure. so that said just a little pep, pump side note. lets all be reminded of this CEO's leadership, his past track record, his reputation in the water world,were he came from ,his education and past titles held,the boards he sits on.I could go on and on.this is the best keep secret in the pinks.
this is very odd that we have not heard from our CEO this late in earnings season, no news is good news, by the way he has also said he plans to go public many many times,Pipeliner I thought I would let you know I'm catching up with you,but I know I will never surpass, payday coming !!!
I also wonder if this editor is a shareholder???
omg,I actually am going to agree with Fred, quarter after quarter after quarter we have heard nothing but good things coming from our CEO in the shareholder letter,about how much revenue has increased year over year, although he won't reveal the numbers,but one must believe him given a man of his reputation. no one knows how long the big boys have given Andy, but surely its not open ended.