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I reiterate my post....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135273508
You posted that yet UMAX is not on the list. Check your facts before you post.
And there are very few here who have a cue about what is going to happen with UMAX. This is a penny today..... wait till you see what happens soon enough..... will rock your world.....
Read the Press Releases, read the data on THIS Nano Technology, understand the possibilities before you post information the has absolutely no bearing on the reality of where this stock could go.
How hard will you kick yourself, when this breaks, $0.05, then $0.10, then $0.25, then $0.50, even more importantly when this breaks $1.00 and even higher? Are you going to post about pump and dump then?
I sincerely doubt it.
Good luck.
SW
Look where CSTI just jumped too. Wake up people...
https://investorshub.advfn.com/uimage/uploads/2017/10/10/oq[vjUMAX_Level_II_10-10-17.JPG
You posted that yet UMAX is not on the list. Check your facts before you post.
And there are very few here who have a cue about what is going to happen with UMAX. This is a penny today..... wait till you see what happens soon enough..... will rock your world.....
Read the Press Releases, read the data on THIS Nano Technology, understand the possibilities before you post information the has absolutely no bearing on the reality of where this stock could go.
How hard will you kick yourself, when this breaks, $0.05, then $0.10, then $0.25, then $0.50, even more importantly when this breaks $1.00 and even higher? Are you going to post about pump and dump then?
I sincerely doubt it.
Good luck.
SW
Guys, at best there are a couple of flippers in here doing their thing. Greedy, it is all about them.
Then on top of that you have the MMs that need to take this down and try and scare more people to liquidate.
Be patient, know what you own, know what your target price is, and smile when your target price hits, and appreciate what you accomplished through planning. EOS
Oh, and also appreciate your gains as well. LOL
SW
Hi Cheeky,
Sure there are, you, me DarkPool, MB, a few others. We are all still here and I will always hold shares for the big run back up to $0.84 when it happens in December.
I will be holding at least 50k still till then, that would be a $38k to $42k result.
I like to make money, and that is how I do it.
SW
MB, I am sorry to say this, but I doubt you will have till then to get your shares. I feel we see the bottom tomorrow, then bounce, then news, then massive run.
But what do I know?
SW
That would be awesome! I wish I had the ability to do so right now, I am tied up in 6 stocks. So will wait and see what happens here this week and next. But I think that the big month for UMAX is November, then we see $0.10 plus cents PPS and as usual, all those who sold from fear or needing their money will be upset and complain when it goes over $0.10 and possibly to $0.25 and could have made even more return on their investment.
Patience is key. Even when the stock rockets up, don't buy the run, wait till it retraces at least 50%, then buy. That is how I trade most stocks after a big run. Then go from there. And I do a 40% buy first round. Then another 30% second round, then if the stock starts to run, I buy the last 30% at a slightly higher cost, but still making money because my average is much lower.
LOL every time I write a post, the spelling check seems to have a mind of it's own and changes my words without me even seeing that it did. I then have to go back and read the posts and I publish it and correct it. We need better spell checking software these days.
SW
I concur, like I said we go to the low ranges until news, maybe sometime this week or next week. Who knows?
But when it does come you will see a lot of activity and MMs buying as well to cover some of those illegal naked shares.
Just the nature of how they rob people of their money when they sell lower.
I am a buyer as low as they want to go. It is okay by me. I just make more money on the other side from .05 and up.
Bux, it is just the MMs walking it down due to the lack of trading. But that will change soon enough. And you will be happy when we in the area of .025.
DTC is the Depository Trust Company which is a Subsidiary of the DTCC, Depository Trust Clearing Company. It is the Clearing Agency for all Securities traded on all Exchanges. It is part of the Federal Reserve. So it keeps track of all securities traded, how many shares so forth and then tracks the settlement of those shares.
http://www.dtcc.com/about/businesses-and-subsidiaries/dtc
http://www.investopedia.com/terms/d/dtc.asp
That is where all the deposited securities go, so when you deposit a Certificate for say 1,000,000 Shares, then it is recorded through them, and now those 1,000,000 shares are in the Market to sell by you and be purchased by someone else.
The deposited shares become part of the FLOAT, which is now in the trading Market through the OTC Exchange Service.
So unless the shares are deposited at the DTC, they are not in the FLOAT and are not able to be traded. Certificates with a Restricted Legend cannot be deposited, but once it is recorded the MMs do short against them which is illegal of course because they are not deposited. But they do it anyway, which is how they create their short positions. But they cannot settle the Naked Shares because those shares are not at the DTC. They are supposed to buy those shares back in the open market until the Naked Position is no longer in existence which balances the books. When they Naked Short, they are adding FICTITIOUS SHARES into the Market that are not real, which then in turn devalues the stock with what would appear to be dilution. But in most cases it is not. It is MMs cheating the system and us out of our money.
When we do see a stock start to truly run in a vertical motion on a chart that is when a SHORT SQUEEZE is in effect and it rarely happens. But if you had a few horses come in and start hammering the BID and ASK, You would see that awesome feeding frenzy when the computer systems go crazy after a certain criteria is met from some trigger point which is the PPS that puts their position in a losing money status. Then the buying frenzy kicks in and it is each MM for themselves to try and get their Naked Short position cleared. LEXG was a prime example.
If Naked Shorting were ever truly stopped and erased from the systems to where they could not longer Naked Short, then you would see stocks SCREAM upwards in a heartbeat like they used to in the 80s and early 90s.
I hope that someday soon the SEC and FINRA pull their heads out of their asses and correct the Monster they created. Which is to create an ILLEGAL Market allowing ILLEGAL Trades by Criminal Organizations called Market Makers.
They could do it with the flip of a switch, they just do not want to. They are also making money off of the Dark Pools as well.
Hope that helped.
SW
ROFLMAO!!!! Making me laugh today. I have to get back to work. Everyone is sick with Cancer of some type these days. Just crazy!
By the way, EVERYONE STOP EATING CHEESE! It is killing you for real!
And on other NEWS, UMAX will be setting a new World Record in GAPs up from the coming News Flashed next week. Be ready, for the roller coaster ride for the MMs. LOL
In all reality, I do REALLY believe that we will be over $0.02 cents next week, and possibly see $0.025. But we shall see....
Three2001, the price targets I put out are fairly accurate if the S-1 gets filed within the next week or two, and if the $10M in funding is already set to go. Only takes about 10 days from the completion and approval of the S-1 Registration to get the funding finalized if they again have all the paperwork completed and signed in advance. Which would make sense for a serious investor.
Plus for any investors to be willing to put $10M into any company they are probably going to have a percentage of the development rights, along with royalties and profit sharing. That is how many of these deals are structured with a certain percent in debt payable Monthly after the 1st or 2nd year or depending on the EBITDA for Net Positive Cash Flows.
Personally I don't care if it takes them another 30 days and the stock (no offense everyone), hopefully drops some more for me to truly load up. This is a no brainer to me because of the Chart.
You have to stop looking at the day to day prices and look at the Long Term goal of the Company. They already have the formula for the Nano Paste Technology. They only need to manufacture it. Hence the Partnership with the Investor(s).
So all these negative comments are a bit immature and if you don't like the stock or what you see, dump your shares for a loss and move on.
I will be selling once it goes over .12 to .25 or higher.
One Note: I DO AGREE THAT THE WEBSITE NEEDS A LOT OF WORK! IT IS NOT A PROFESSIONAL WEBSITE for real Investors. And stating that your Company builds websites when you are getting $10M in Funding is truly the wrong message and image to convey. THAT HAS TO BE A COPIED WEBSITE and a HUGE MISTAKE! If not delete the Website aspect of the business from the Website and only focus on what is true revenue generating.
SW
Threewheeler,
You may or may not know this, but when Certificates get Deposited, that is when they are at the DTC, that is when they become part of the FLOAT. Otherwise, the shares are not in the Market. I called the TA and the TA verified what is there. That is all they would do.
But I am also ex-Wall Street so that helps with the knowledge of the way some things work. They are always changing as you know. Making new Rules for themselves, but not for the rest of us.
Bottom line is, even if the FLOAT does get up to 50M, it does not matter in the slightest. It is a very small FLOAT.
The only time I will not trade a stock at all, is if the FLOAT is over 250M and the Company has no revenues.
SW
ROFLMAO! Uh, I would suggest a Garage Sale at home over the weekend, cash is king. LOLOL
Thanks, but this makes sense now why the MMs have been taking this down, those shares on the ASK are no real, they are fake shares they are selling to force the price down This is standard procedure.
But when the news comes out on the S-1 being completed and then the $10M in funding, well, those that sold can't say they weren't informed.
Well I have just over 1.2M so far but hope to get as much as 2M by EOD.
I know you guys are not happy with the current PPS, but I sure am, because I can load up down at these levels and then when the stock is over $0.05 to $0.25, I will do very well.
Buy the fear, it has always worked for me.
I contacted the TA and they confirmed that the numbers are current.
Nothing has changed yet. But it will once the S-1 is filed.
SW
DarkPool, did you realize when you posted this information that what is held at the DTC is actually what is the FLOAT. Only shares at DTC consitutute the entire FLOAT.
So there are only 18,040,109 available to everyone here. The reason being is that the majority of the Brokers out there will not take a Certificate of Deposit for Common Shares unless the stock has been trading at $0.10 cents or above for 10 trading days straight. (Not that this is according to the Securities Exchange Act of 1934, because they implemented their own policies across the board and prevented many of us from depositing our Certificates, again illegal act on the Brokerages.)
Or they will not take paper for those which are non Exchange Registered Issuers. (Again illegal according to SEC Rules). Which means the other part of the 50,577,822 is not able to be deposited until we are above $0.10 for 10 days. And the S-1 Filing for being registered as an SEC Exchange Issuer.
The Brokers I am referring too are TD Ameritrade, Scottrade (Bought out by TD Ameritrade and soon to be TD Ameritrade), Charles Schwab, Trade King, Merrill Edge, etc. You might be able to go to Interactive Brokers, but they have been refusing them lately as well or are very selective of which ones they will take.
Another factor is the stock has to have liquidity before they will even consider the Ceritificate and the Company has to have reveneus of $1.5M or more. Nuts!
But they can make up their own rules, they have been doing it for years!
So with all that said, the FLOAT is more than likely ACTUALLY locked up.
Share Structure
Market Value1 $4,402,701 a/o Sep 27, 2017
Authorized Shares 1,850,000,000 a/o Sep 21, 2017
Outstanding Shares 266,830,355 a/o Sep 21, 2017
-Restricted 216,252,533 a/o Sep 21, 2017
-Unrestricted 50,577,822 a/o Sep 21, 2017
Held at DTC 18,040,109 a/o Sep 21, 2017
Float 77,170 a/o Sep 20, 2016
Par Value 0.001
Mobile Power is huge and the most of the current systems used by FEMA are Gasoline or Diesel Generators. There are Natural Gas Generators, but again these area liquid flammable fuel generators which have had numerous accidents due to fuel spills. They are not efficient and require huge amounts of liquid fuel. The costs alone to maintain those units is very high.
Whereas the Solar Powered version would be a huge benefit for any type of disaster. If they can build and create units that provide the same type of power output as those units, for instance a small 800 Kva or a large 4000 Kva Models, then they would sell them faster than they could make them and FEMA would be a major buyer. IMHO
SW
Kommisar7, it would be due to the $10M in funding. The value of the stock goes up because of the influx of financing to fund the prorjects, specifically the Nano Pste Technology.
What they need to do is put that information on their website.
What it is about, what the applications and uses are, which industries can use it, who is already interested in purchasing the product from UMAX, so forth.
Any partners who will be working with them on the Technology, any businesses that they already have purchase order for, etc.
DarkPool I do believe that is the gist of what will happen.
LOL and a 26% increase, MMs can't cover with this type of trading.
If there is MAJOR news this Thursday in the afternoon, you will see a feeding frenzy that will make your eyes bug out. LOL
Even if it is next week, it will still happen.
Hi JEck017, Yes, please look at the chart. It is the GAPs down that will be filled.
Here are the list of GAPs down from the lowest to the highest.
1) $0.08 Gap 1 Gapped down from .2376 to .08 on 591 Shares
2) $0.13 Gap 2 Gap to fill from .08 to .13 on 386 shares
3) $0.17 Gap 3 Gap to fill from .13 to .17 on 217 shares
4) $0.25 Gap 4 Gap to fill from .17 to .25 on 175 shares
5) $0.41 Gap 5 Gap to fill from .25 to .41 on 228 shares
6) $0.49 Gap 6 Gap to fill from .41 to .49 on 500 shares
7) $0.66 Gap 7 - (Lucky 7) Gap to fill from .49 to .66 on 240 shares
When you look at the chart and realize all of these moves were on air, you get the picture of just how manipulated a stock can be by the MMs. All those trades were very low value.
Today is a different story. UMAX is getting their Business Streamlined and Fully Reporting with an S-1 Registration for Transparency.
I am looking for $0.25 or better once they announce the S-1 Completed and the Funding I would expect possible $0.41 to $0.66.
Serious buyers coming in after Nelson Research gets circulated. Level II
Saw this Tweet as well.
OptimusTrader?
$UMAX Possible that @blackbridgecap backing UMAX on funding. If $10M in funding is announced, UMAX could hit news highs in the range of $0.25 to $0.50. Investors waiting on news.
SW
Based on my research and what I think the stock will do with funding and the timelines I think we see things.
This week, $.02 to .03 as highs, baseline $0.012 to $0.15.
Next week without news close to the same, $0.025 to $0.035 highs, baseline $0.015 to $0.02.
The week after that with news, $0.05 to $0.13, baseline $0.075 to $0.09.
Best guesses.
Any funding news, well, I would think we break $0.25.
Waiting to see...
SW
Uh Guys, you might want to take a look at this. Mainly, because Nelson Research mainly focuses on the NASDAQ Stocks. Why in the world would they do an Article today on UMAX???
This is how they send subtle messages without being obvious. And it works. Just wait, things are going to get interesting.
So I just jumped and got my shares now!
Notice how the MMs broke up the trade!
I put in my buy at .0149.
First Buy/Cover - .014462 10,500
Second Buy/Cover - .014463 9,169
Why did they break it up? Because they need shares, hence the 169 instead of the 669.
No shares to be found, the systems were looking for real sellers, so instead the MMs took the shares for themselves to cover.
I suspect the big boys are about to start playing with this stock very soon. Next week could be an eye opener.
https://nlrnews.com/about/
Nelson Research (NelsonObserver.com) is a Toronto-based news company founded in 2015 by a team of professional traders, journalists and investors. The website is an online financial news hub, as well as an intelligence platform for individuals and professional financial investors.
https://nlrnews.com/zeroing-in-on-the-short-term-indicators-of-umax-group-corp-umax/251224/
Please note the very last line in the article;
Umax Group Corp (UMAX)’s high over the last year was $0.84 while its low was $0.0015.
Zeroing in on the Short Term Indicators of Umax Group Corp (UMAX))
September 26, 2017 Nelson Research Staff
Even though short-term trading can be very profitable, it can also be a huge risk. Short-term lasts from anywhere from a few minutes or several days or weeks. Traders have to truly understand the risks and the rewards of each potential trade to succeed at this strategy. They must be able to identify good short-term opportunities and also protect themselves from any unforeseen events. Everything investors know about a company’s management, earnings and all other factors are priced into the stock. Gaining an advantage over their competition requires that traders use technical analysis to understand what is happening in the markets.
Technical analysis is the process of evaluating stocks or markets using previous prices and patterns in order to predict the future. It’s an important tool to help traders understand how to make profits while others are unsure.
Buy and Sell Indicators are used to determine the right time to buy and/or sell. Two of the most popular ones are the stochastic oscillator and the relative strength index (RSI). The RSI compares the inside weakness or strength. Typically, a reading of 70 indicates a topping pattern, while a reading below 30 shows an oversold stock. The stochastic oscillator is helps traders to decide whether or not a stock is expensive or cheap based on the asset’s closing price range over a specified period of time. A reading of 80 indicates that the stock is overbought and the stock is oversold with a reading of 20.
Umax Group Corp (UMAX)’s 7-Day Average Directional Indicator, a short-term indicator used to determine the market trend, is Buy. Their 7-Day Average Directional Strength, the strength of the signal compared to its historical performance where Maximum is the strongest this signal has been and Minimum is the weakest, is Strong. Finally, their 7-Day Average Directional Direction, which whether the Buy or Sell signal is strengthening or weakening or whether a Hold signal is heading towards a buy or a sell, is Strengthening.
Umax Group Corp (UMAX)’s 10-8 Day Moving Average Hilo Channel, a short-term indicator that calculates the moving averages on the High and Low prices, rather than the Close, is Buy, their 10-8 Day Moving Average Hilo Strength, which is the strength of the signal compared to its historical performance where Maximum is the strongest this signal has been and Minimum is the Weakest, is Minimum. Finally, the company’s 10-8 Day Moving Average Hilo Direction, which indicates whether the Buy or Sell signal is strengthening or weakening or whether a Hold signal is heading towards a Buy or Sell signal is Strengthening.
Umax Group Corp (UMAX)’s TrendSpotter Opinion, the signal from Trendspotter, a Barchart trend analysis system that uses wave theory, market momentum & volatility in an attempt to find a general trend, is Sell.
The Open is the start of trading on a securities exchange. The open indicates the start of an official business day for an exchange, meaning that transactions may begin for the day. The different exchanges have different opening times. Umax Group Corp (UMAX) opened at $0.02. Umax Group Corp (UMAX)’s high, highest trade price for the day, was $0.02. Umax Group Corp (UMAX)’s lowest trade price for the day was $0.0117 and finally, Umax Group Corp (UMAX)’s last trade price was $0.012.
A 52-week high/low is the highest and lowest share price that a stock has traded at during the previous year. Investors and traders consider the 52-week high or low as a crucial factor in determining a given stock’s current value while also predicting future price movements. When a commodity trades within its 52-week price range (the range that exists between the 52-week low and the 52-week high), investors usually show more interest as the price nears either the high or the low.
One of the more popular strategies used by traders is to buy when the price eclipses its 52-week high or to sell when the price drops below its 52-week low. The rationale involved with this strategy says that if the price breaks out either above or below the 52-week range, there is momentum enough to continue the price fluctuation in a positive direction. Umax Group Corp (UMAX)’s high over the last year was $0.84 while its low was $0.0015.
Actually we can sit the BID with real offers to purchase shares and we can buy shares on the ASK. This prevents any short covering at all.
I doubt the 10,000 that just went through was retail. If it was, then someone got lucky.
I have been on the BID all day from .01 to .13 where I am now, but they still have not given me 1 single share. Not 1.
Speaks volumes to me.
I am working on an assessment on the Chart and will post it later, but I have work to do here shortly for the next 10 hours with Clients.
Okay, lets go there.
100,000,000 shares trading, NO FLOAT LOCKED PPS would be right around $0.48 cents per share.
This is based on an average of $.48 with the stock hitting around $0.72 cents per share.
With the FLOAT LOCKED, the PPS would be right around $0.78 cents per share.
This is based on an average of $.78 with the stock hitting around $1.34 cents per share.
That is based on the O/S at 310M and the current Float of 50M+.
The current O/S is 260M, but I added in another 50M for the Funding.
IMHO
I was going to buy those but was sending a private email to Cheeky and missed them. Sigh.....
But the email was more important for his Son, Ryan.
allezIOM, I totally agree that is "WHAT THEY ARE SUPPOSSED TO DO", but they do what they want till they get caught then fined.
But instead of the SEC and FINRA making all these stupid Rules, they should develop the platforms to track all stocks from their own data at the end of the day and do the T2 Count down and verify that they have covered the Naked Shorts. Rules mean nothing when they are not followed.
BUT I TOTALLY AGREE THAT THEY SHOULD COVER BY T2!
FYI, since September 5 : "The amended rule shortens the settlement cycle to two business days, T+2. "(REDUCED 1 day)
https://www.sec.gov/news/press-release/2017-68-0
Press Release
SEC Adopts T+2 Settlement Cycle for Securities Transactions
FOR IMMEDIATE RELEASE
2017-68
Washington D.C., March 22, 2017—
The Securities and Exchange Commission today adopted an amendment to shorten by one business day the standard settlement cycle for most broker-dealer securities transactions. Currently, the standard settlement cycle for these transactions is three business days, known as T+3. The amended rule shortens the settlement cycle to two business days, T+2.
The amended rule is designed to enhance efficiency, reduce risk, and ensure a coordinated and expeditious transition by market participants to a shortened standard settlement cycle.
“As technology improves, new products emerge, and trading volumes grow, it is increasingly obvious that the outdated T+3 settlement cycle is no longer serving the best interests of the American people,” said SEC Acting Chairman Michael Piwowar. “The SEC remains committed to ensuring that U.S. securities regulation is reflective of modern times, and in shortening the settlement cycle by one day we aim to increase efficiency and reduce risk for market participants.”
Broker-dealers will be required to comply with the amended rule beginning on Sept. 5, 2017.
To assist broker-dealers, other securities professionals and the investing public in their preparation for the implementation of a T+2 settlement cycle, the Commission has established an e-mail address – T2settlement@sec.gov – for the submission of inquiries to SEC staff.
I completely agree with your assessment as I have been saying this for years.
But I think the MMs will keep the stock trading sideways and slightly down as they did today so that they can try and cover the Naked Shares. Plus scare retail out of their shares.
They do this all the time. See my comments below.
All the talk of traders bids being bypassed, maybe the MM'S are filing short sellers buy to cover orders at a discount to market. In turn is a disadvantage to good folks like us.
Theoretically if approximately 2.5 million shares are still naked short from Monday, they have 3 days to cover due to the broker requirements for finding the shares to borrow. This is correct, but if they do not cover, we will start to see FTDs about 2 weeks after the requirement to cover, for whatever reason it does not start shwowing up immediately and from then on, it is monthly thereafter when they have to reflect the balance on their books so to speak.
Mine are locked, but I don't even know if that matters with the way these otc stocks are attacked.
Today and tomorrow I would expect covering due to anticipation of S-1 filing on the horizon and big money interest from friends of investors.
Any further whispers behind the scene attracts buyers as we saw a mammoth share price breakout Monday and will repeat itself.
All IMO.
DarkPool if this keeps up, they are never going to be able to cover those Naked Short positions.
Cheeky,
I have to say that is a very powerful and educational post. Seems to me that the company has positioned itself very well with this Nano-Technology Paste. This is incredible. Member marked you.
One additional link to add from my further research.
http://www.gosreports.com/global-nano-silicon-powder-market/
But mind you that none of us individually is going to pay the $2850 fee to read the full reports. But it tells you just how powerful the applications of the products are.
Thank you!
Today's news is Huge NANO POWDER is MONSTROUS >> Global Nano-Silicon Powder Market Worth $ 20.84 Billion By 2019
Nano-silicon powder is silicon that has been ground into a finely powdered dust. Nano-silicon powder includes nano silica sol – gel method and mechanical pulverization method on the base of classification, which represent 30% and 58% of global nano-silicon powder market (The classification is based on a process for preparing nano-silica powder).
Electronics and chemistry are the main application of nano-silicon powder product and Asia is the largest nano-silicon powder market on production and consumption.
Global nano-silicon powder market is projected to reach $ 20.84 Billion by 2019, with a GAGR of 17.9% from 2015, and Asia will have a big dynamic momentum on the market growth. The major players in the global nano-silicon powder market are Admatechs, Denka, Tatsumori, NanoAmor, Stanford, Basf etc..
Read Full Report:http://www.gosreports.com/global-nano-silicon-powder-report-market-size-and-forecast-2020/
The report firstly introduced the Nano Silicon Powder basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes; cost structures and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth rate etc. In the end, the report introduced new project SWOT analysis,investment feasibility analysis, and investment return analysis.
Related report: http://www.gosreports.com/2015-market-research-report-on-global-nano-silicon-powder-industry/
Gos International Inc. is one of the leading distributors of market research reports in the world today. We host more than 40,000 research products from the world’ s top publication houses.
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Source and video: https://article.wn.com/view/2016/10/26/Global_Nanosilicon_Powder_Market_Worth_2084_Billion_by_2019/
LOL That was an excellent response, looks like they want to cast the standard dispersion and try and get the stock down, to load shares and flip. That is nuts.
Good Luck with that. LOL
skichic, Then you are missing the point of the Press Release. He provided all of us, in a public manner, with an update including pointing out that they are updating the website and will publish that very soon as early as next week.
I am not trying to be insulting with this next statement, but I encourage you to read between the lines. When an email is sent requesting an update, and the CEO instead responds with a PR to everyone, that in and of itself is a HUGE STATEMENT! As PRs take time and effort to write the specific points that needs to conveyed. And then there is the cost for putting out a PR. They can average between $800 to $2500 depending on the number of characters written.
It would help to learn about the process of running a company, what is involved with filing an S-1 Registration with the SEC and FINRA and the cost alone to do so. He is not spending chump change here to do so.
The average cost of performing an Audit by a SEC Registered and Approved Accounting Company expert at GAAP Accounting Principles is around $80,000 to $150,000 depending on the Company's situation, how far back they have to go to perform the Audit, if necessary they will have to contact the previous owners of the Company and get their records and Audit those as well. This is a huge process and very time consuming.
I for one appreciated the way in which Mr. Dixon responded, very professional. And he was willing to take the time to update us all today. That is usually unheard of. But it also sent me a specific message as to the type of person he is and what we will be dealing with in the future. This is not a day trader flip situation for a true potential gainer.
A $10M Dollar investment would put the stock price around $0.38 to $.042 cents per share based on a PE Ratio of 12 to 15. What I put here below is my opinion and my opinion only from previous experience. This is not information from the Company in any way shape or form.
I would estimate both common and preferred shares could be used for this specific funding. For common shares I will go on the higher side of 50,000,000 to the Investment Group of the $10,000,000, then 30% of the preferred shares.
Current shares O/S 260M, add another 50M, puts the O/S at 310M.
Divide the $10M by the O/S of 310M then multiply the PE Ratio and you get your estimated PPS but not based on EBITDA. That is a different calculation. We can go into that another time.
Bottom line is within the next 4 to 8 weeks, you are going to see some potentially serious trading going on and the NASDAQ boys are going to come and play.
Will be fun to participate in.
GL
Traders, in my humble opinion, I think we are about to have a very nice return on our investment in this penny stock. What will be interesting to see is what comes out first. Personally with an Investment and Technology background I would prefer to see the S-1 Registration Filing. Not that getting news on the mining revenues would be a bad thing... LOL. But the S-1 allows the investors to fund the $10M immediately, as in 10 days after the completion of the S-1 filing has been registered and accepted by the SEC and FINRA.
That is when you will see a frenzy of buying. That is also when we will see multiple pennies.
Based on the PR today, I would say we hear about the S-1 next week or the week after.
But the CEO is already stating they are updating their website, and if they do not have a Facebook, I would recommend that as well as Twitter. Then maybe the revenues from mining, then the $10M in funding. IMHO of course.
GL
As I was writing my response to HandOverFist, that news hit. Here is what I had sent to the CEO early this afternoon. I wonder if that prompted the News Release? As of this post, he has not responded to me directly, but the Press Release was an even better and more professional answer to us all. And I thank Mr. Dixon for that.
I think Mr. Dixon just responded to all of our interests here and made it very clear, things are happening behind the scenes and we will get some serious updates with powerful news, I would say literally any day now.
It was very kind of him to take the time to do so.
I will be buying all the dips in case anyone is interested. My personal goal will be at least 3 millions shares at these levels.
GL to all.
Press Release Today 9-26-17
HandOverFist,
Hmmm, this was an excellent post, member marked you!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134917399
I have highighted a couple of key points.
Please note the following:
Approximately 4 months ago the company stated that their goal was to file Form S-1 for the purposes of being a fully reporting SEC compliant publicly traded company, gain shareholder confidence, provide transparency, and open the door for capital.
Lets focus especially on this statement, (open the door for capital). When you become a fully reporting publicly traded Company. You have access to funding sources that otherwise would not have been available. This will truly open big doors to all types of financing, long term debt which is a stronger financing instrument than your typical equity debt which the shares used are dumped into the market quickly. Possibly even Corporate Bonds or a Hybrid Instrument where the Corporate Bond could be converted over time into Company Stock but at a slightly discounted price per shares based on the 5 Day Average of the VWAP. This is good for the Company. Great for Investors, and excellent for shareholders like us. They can do financing deals that does not add shares to the market and reduce the value of the company stock. If done correctly with any amount of Capital infusion would actually increase the value of the Company and the Company Stock.
(Continued) The target completion was 4 to 6 months. Ding, ding, ding!!! Right about now. This is the behind the scenes news whisper that "They know something". I anticipate the S-1 to show up any day now.
Auditors and consulting firms were hired explicitly to perform the task at hand.
I could be mistaken as to what made the stock breakout, but in my opinion this is one of many possible reasons. If you haven't read the news release from May, I provided it below.
Press Release: May 24, 2017
Shareholder Update:
UMAX Group Corp ("UMAX") has engaged an auditor to prepared the financials for fiscal year ended April 30, and 2016 (2-year audit) with the goal off filing a Form S-1 Registration Statement ("Form S-1") with the Securities and Exchange Commission (the "SEC"). The goal of the filing of the Form S-1 is to once again provide transparency to the market, but to also become a fully reporting company. Furthermore, a consulting firm has been hired and paid to prepare the preliminary draft of the Form S-1 which upon completion will be reviewed by our recently retained SEC attorney prior to filing. The company is moving forward to becoming fully reporting once again subject to the comments and SEC effectiveness. It is the intention of the company to complete the process within the next 4-6 months hopefully, again subject to comments from the SEC.
The CEO Ian Dixon quotes, "It has been a long road with positive momentum, however, we feel the filing with the SEC will allow us to not only gain added shareholder confidence, but will open the door for future capital and new projects. As to the future and new projects, the company is already looking to open its new office in UTAH with the General Contractors Division to do solar and other commercial projects, and the mining division will soon be opening a drilling and exploration company. The future looks bright".
You have to look at the organized plan that is in the works and what can happen over the next few weeks and months. Nothing is ever certain. Just do an entry point if you like the stock and go from there. Never put all your money in the hopes of this is going to rocket. It very well could according to the Chart. Look at the GAPs down. Once major news hits, major GAPs up will more than likely occur. GAPs always get filled.
GL
Agreed DarkPool, once there is published information about the financing or the rumored acquisition, things will change quickly.
MMs do their thing to make money, that is all they are about. Do they break and bend the rules to do so, every day. They get fined all the time, $25k here, $25k there, $250k here, $250k there, means nothing to them when they are making $$$Millions$$$ upon $$$Millions$$$ of dollars in the process.
The entire Trading and Banking System is rigged.
Like I said before, I know this I used to design the trading floors and backend database systems in Wall Street.
Their systems see your trade before it goes through as you are putting it in. Literally, you can't prevent it, so that REALLY is INSIDER Trading, but who is stopping them from using that against you? NO ONE.
And until we truly are able to get CONTROL of the BIG BANKS (aka Criminals), they are going to keep cheating us out of our money.
Is what it is.
But again, you can't cover a 5.2M Naked Short on a 4.6M trade day. They will be lucky to cover 1M if that.
They will have to cover as it goes up. We just need a short squeeze to make that happen.