Veteran, Very Conservative
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Seems to me it's at the top of an uptrend, has something happened that will move it above it's trend lines
Not sure the shop is closed, keep in mind there is over $200,000 on escrow at the mining ministry in canada and the remainder of edwins dilution. The money from the dilution could be gone because I have not seen the finacials to show me otherwise but if someone would call the mining ministry I'm sure you would find money still there.
I took a major loss on this one but was able to sell my shares a few months back.
They also now show financials are audited, which I do not believe was so earlier in the week.
finally the B/A has closed to a more realistic spread, will move north from here, will we get the financials and or disclosures by next Thursday? Definetly got good news this morning now lets see where this goes.
good morning cbrad, and good morning to all.
scottrade still has it listed as OTC
USA Recycling Industries, Inc. Finalizes Acquisition of 51% of Scrap Metal Auto Parts Export Business
8 minutes ago - PMZ via Comtex
GlobeNewswireUSA Recycling Industries, Inc., (Pink Sheets:USRI) (Frankfurt:DXD), a scrap metal recycler servicing the automotive service center chain store industry with commercial customers throughout North America, today announced it has finalized a transaction acquiring a 51% controlling interest in the scrap metal auto parts export business of Earth Metal Scrap USA, Inc, a New York Metropolitan Area based export firm with trading facilities in India and Dubai. The conditions of the finalized definitive agreement include "a 51% ownership interest in all assets used in the operation including all export licenses authorizing the Company to ship from every major U.S. Port & all tractor trailers utilized for shipping & storage purposes to be designated as directed in USRI's nine (9) operating regions throughout the Continental United States." In addition, today's acquisition agreement further provides USRI is to receive "51% of all its right, title, interest in and to the business & assets of the EMSU operating division valued at $10,000,000 pursuant to the Agreement." USA Recycling Industries CEO Vincent J. Smith stated, "the acquisition of Earth Metal Scrap USA's auto parts export division adds significant value from a strategic standpoint by providing direct access to end-users, pricing advantages when negotiating within the international scrap metal trading markets and ultimately adding a substantial contribution to the Company's overall revenue results." Earth Metal Scrap USA CEO Kamal H. Patel added, "The finalized agreement ensures our international consumers will have direct access to an on-going stream of foundry-grade materials with one of North America's largest high-quality scrap metal auto parts suppliers."
About the Company:
USA Recycling Industries, Inc., formerly known as Voyager Petroleum, Inc. (www.usarecyclingindustriesinc.com), is a publicly traded mid-market scrap metal recycler servicing commercial & industrial customers throughout North America. The Company now participates in a $75 billion global scrap metals market through its acquisition of Scrap USA in December 2010. Operating since 2007, Scrap USA has been focussed on and successful in targeting the Automotive Service Centre Industry. It currently provides specialty recycling programs to more than 4,000 automotive service centre locations operated by some of the most recognizable names in that retail category. The Company's contracted automotive scrap metal suppliers are listed on the NASDAQ, New York Stock Exchange and others are owned by some of the world's largest hedge funds. Having developed a national footprint in its current market of scrap metal the company is now comfortable with integrating other ancillary products such as oils and other automotive related recyclables to its speciality services.
About Earth Metal Scrap USA, Inc:
Earth Metal Scrap USA, Inc (www.earthmetalusa.com) is based in Glen Oak, New York. Operating as a privately-held firm since 1994, Earth Metal Scrap USA is an international trading company "providing quality materials to consumers in 19 countries through trading offices in North America, India and United Arab Emirates."
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: USA Recycling Industries, Inc.
CONTACT: Vincent J. Smith - CEO USA Recycling Industries, Inc. 877-464-5865
You have been waiting on that divy for about a year, it's about time you get them shares darn it.
not really, I'm in USRI and am expecting a PR in the morning detailing the Aquisition of Earth Metals an exporter. It used to be VYGO till it R/S and changed names. The new CEO hs put together a pretty good team and am expecting a 25% divy for all shareholders of record as of 3/31
Well good luck on the job hunt, and yes the players are well versed in some cases on how to play
Great, it is not as easy as just dealing cards as most would think but it is a fun job you just have to pay attention to 100% of the time. How is your job hunting going
Is that B with a billion, OMG
I have actually watched wholesale sellers drop a stock to no bid, I was out of it before that occurred. With any stock there are wholesale investors and they are part of the process. What differentiates my DD from yours is I believe my investment will worth more than it was when I invested. How much more depends on how strong the growth of company over the next 6 months.
I'm still trying to determine if group punishment for USRI shareholders is going to involve spanking, this could get exciting.
Lowman I determined sometime back that this was more than a 30 day hold and flip. I'm looking at least 6 months to a year before I'm where I want to be. As far as the seller, lets wait and see, most sellers aren't dumb, the see some profits midterm greater than short term they will adjust the dump.
let me just say that it is my vale attempt at sarcasam
Yea I see, it's that seller we had pre-split just tearing us to shredds, thats why I say everyone lower your sells to .001 and lets get that seller out of here twice as fast.
filing delinquent financials often calls for the company to prepare and file to sets of financials, one would be the edgarized version that shareholders will eventualy see and another set for sec auditors to review which shareholders do not see. Sometimes it even calls for forensic auditing which is even more time consuming. Yes the company might have set unrealistic timelines in their haste to get disclosures and financials out to shareholders, so if the company missing that timeline is your only beef then it tells me you know very little about publicly traded companies
The seller continues the sell off, everybody pull your sells back to .001 that way we can get the seller out of here twice as fast.
Legitimate companies do not file the paperwork before its complete, maybe JUST MAYBE the CEO is attempting to file complete disclosures and financials. Why don't you let the company get the paperwork done then discuss the issues, not timelines they have not met when you do not know the difficulties of filing delinquent financials. If you wait and take on the issues you can add credibility to your post.
http://www.scrapindex.com/metal.html
I already knew the answer, just hoping everyone that post a positive or a negative would post a link for verfication.
Do you have a link to post to qualify that statement
Do you have any facts to base your post, or are people pumping to bolster the PPS or are they bashing just to drive it down. Go ahead POST, nothing anyone post here is based on facts. LOL back at you
And it continues, 99 of 100 post could be removed and it would not damage the substance on this board. You have one side saying buy and the other side saying your all screwed. I say why not everybody wait till the disclosure statement and financial get filed then everyone can post on facts.
Yes, it is my opinion the disclosure statement and subsequent financials will disclose any insider trading.
last response to you, Mr. Smith's actions on his shares will be documented in the financials and disclosure statements. Are you willing to post an apology to Mr. Smith if after reviewing the upcoming financials you see he has not sold 1 share. Do you read financials or do you just look at the pictures.
What it tells me is that no body is selling shares. Aside from you and your sidekick it appears most are adopting a wait and see attitude with USRI. Good luck to you on your investments
What it tells me is that the Series B Preferred shares were not included in the R/S but the Common shares were. That was my take on the message, maybe I'm wrong but had all been included in the R/S the answer would have been yes all shares were included in the R/S. Now I have no problem with that scenario myself, Mr. Smith and his team had skin in the game from building a company in which he was given the Preferred shares, I also understand that in most of these share exchanges a substantial number Common shares are issued as well and the message I recieved told me that those shares were affected.
Robert - The Share Exchange Agreement between VYGO (now USRI) provided for "control" of the Public Company. A separate class of stock was issued, at the time of the share exchange, to Scrap USA Member-Owners to allow "control" it was the Series B Preferred Shares. The common stock, which is subject to Rule 144, that was issued to Scrap USA Member-Owners was subject to the R/S same as every other USRI shareholder. The Series B Preferred Shares are being exchanged for common, in accordance with the Share Exchange Agreement to maintain control, but any exchange issuance is also subject to Rule 144. I trust this answers your inquiry. We appreciate your interests in USRI.
Professionally Yours,
USA RECYCLING INDUSTRIES, INC
Vincent J Smith
Chief Executive Officer
Sent from my Verizon Wireless BlackBerry
________________________________________
From: "Robert J****e" <robertj****e@gmail.com>
Date: Fri, 18 Mar 2011 09:05:17 -0500
To: <scrapusaceo@aol.com>
Subject: RE: Updated share structure.
Mr. Smith,
I do have one more question for you, the disclosure statement will have the answer I am certain but I would like to know now. Were the shares given to Scrap USA affected by the R/S as my share were.
Best Regards,
Robert J****e
MB Seeing I do not have the advantage of a personal or business relationship with Mr. Smith I decided to ask him that very question. You see my hard earned money was affected by the R/S and I would like to know if Mr. Smith has the same skin in the game as I do.
That's a given, I figured you already have the answer that's why I asked you the question. You have a lot of inside information that is not available to me so I ask again, were the shares given to Scrap USA affected by the R/S
MB did the shares given for Scrap USA suffer the same R/S?
Moved to .189/.55 20 minutes before open.
Good Morning Wiseman, still recovering from my last sinus infection how are you. I meant to tell you the other day that I eat red meat on average of once a month. Do a lot of chicken and fish.
On another note, USRI is a stock that I am in that just went thru a R/S and will be paying a divy to every shareholder on record as of 3/31. My thought is that this is a long term hold, new management has some impressive resumes and the company is in the process of aquiring income producing segments of the recycling industry.
Can't say the financials posted by the end of Q1 will be positive, they first have to catch up VYGO pre Scrap USA and those numbers will not be pretty but factual. The end of the Q2 will show positive reports everyone is awaiting. Once the Q1 of 2011 are posted we should see Scrap USA involvement in the company and that could be in early to mid April.
Sinbad Q1 ends in 2 weeks which is March 31. I estimate that next week or early in the final week of March we will see a Current filing status for USRI. This timeline is directly related to the divy for all shareholders. I'm not a pumper and don't intend to start doing that now but if you have shares and can add at these prices I think you will be making money by mid April.
Robert - In response to your inquiry USRI's public filings in the short term are as follows:
1.) Disclosure Statement with Financial Compilation;
2.) Reviewed Financial Statements for Q1 2011;
3.) Audited Financial Statements for Q2 2011
The filing of the Disclosure Statement will remove the "Stop" sign from the OTC Market Pink Sheets Exchange immediately upon filing. Again, we appreciate your continued interests in USRI.
Professionally Yours,
USA RECYCLING INDUSTRIES, INC
Vincent J Smith
Chief Executive Officer
Sent from my Verizon Wireless BlackBerry
________________________________________
From: "Robert J****e" <robertj****e@gmail.com>
Date: Thu, 17 Mar 2011 11:18:27 -0500
To: <scrapusaceo@aol.com>
Subject: RE: Updated share structure.
Mr. Smith,
That is a fair enough answer and your actions to date seem to indicate said intentions, given that please excuse my last email. Now on to the future of this company as it will directly reflect the value of the PPS, you would not have this team put together if you did not already have a business plan so if you could indulge me with one more answer to a straight forward question, when will the all financials and reports be caught up and the ticker be brought to current status.
Best Regards,
Robert J****e
Nope, I had to look at my calander this morning to realize that today is actually Thursday not Saturday which is what today is to me. 8:PM to 4:AM I think is difficult for an old dog to get used to, especially for one that a late nite in the past was 11:PM. I think it will become easier as my inner being gets used to the hours thou. Getting used to the smoke is the most difficult.
No you don't understand, the Professionally Yours, was in regards to my un-professional email. I would never comment on someones grammer or spelling, mine is bad enough.