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BIG SPIKE YESTERDAY? IT CLOSED DOWN 15% TODAY. REALLY????? THIS COMPANY HAS NOTHING. THE CONCESSION THEY JUST ANNOUNCED A JOINT VENTURE FOR IS LAND THEY DO NOT CONTROL.
So, they have no money, no land, no concession, a joint venture with their old CEO, that they fired, they owe $1 million, that they don't have, and they have an entirely new management.
Yea, big spike sounds just about right. Huuugggeeee spike. Grande spike. Can't wait.
WHO EXACTLY ARE THESE SMART ONES????? USPR GAVE UP 90% OF A CONCESSION, THEY DON'T ACTUALLY OWN, TO A COMPANY, THAT THEIR PREVIOUS CEO OWNS, WHO THEY FIRED, AND THEY HAVE NOT FILED A 10Q OR 10K IN A YEAR AND 5 MONTHS.
Can anyone possibly tell me why ANYONE should buy USPR??
What do I think about the 8k?? Well, let me see.
In the 8k, USPR announced a joint venture whereby they give up 90% of their concessions they have been touting for years, to a private company, controlled by their former CEO, that they fired, who then sued them. Great.
They also state that in February 2017 the Mexican appellate court upheld a previous courts decision and awarded the Solidaridad concession, that USPR just gave up 90% of, even though they don't control it, back to the previous owners.
Plus the court awarded a $1 million judgement to the plaintiffs that have the option of garnishing uspr's assets to collect the $1 million.
So, USPR gives up 90% of the concession, which they no longer control, to their former CEO, that they fired, and owe $1 million they don't have.
I don't have words to describe how I feel about this.
I can't believe USPR isn't trading at $420 based on this news. This is clearly a $14 Trillion company, it's just people can't see it yet. Or....
different boys. always is!!!
No. No they do not.
I AGREE!!!!!!
Yesterday it traded 1.2 million shares ($9700) and today 111,000 ($777).
$777. Wow. AWESOME volume. Just awesome. Going to the moon!!!!!
Except they are not on OTC they are on the PINK Sheets. And they are classified as limited information because they haven't filed financials in a year and 5 months.
How can they begin rocking?? They don't control the mining concession any more. They have less then nothing. How can a company with absolutely nothing become rocking???
I'd love to hear that.
Why??? They have nothing. No management. No land concession. No trading volume. No SEC filings.
What life could possibly be reignited? They can't even mine the land they said they were going to mine. There is literally less then nothing here.
Except a desperate attempt by someone(s) to sell shares of USPR for whatever they can get.
Just sad!
Why????? it trades on average, for the last 30 days, $4k of stock per day. They no longer control the land they wanted to mine. There's only 1 person left in management and 2 on the BOD. The 2 BOD members have not said anything publicly in 3 years. It's listed on the Pink Sheets as a "Limited Information company". They haven't filed a 10Q or 10K in a year and 5 months.
Why on earth is this on your radar????
Out of curiosity, I thought I'd check in here to see what's been going on. I have only one question. How, on earth, can anyone, whether they've been here forever or are brand new, how can anyone, ANYONE, possibly think uspr's stock price is gonna go up???
- They no longer control the concession they hoped had "billions and billions" in it. (What a crock that was, huh?)
- They currently have only 2 management people and 3 people on the BOD. One person is on both, and the other 2 directors haven't made any statement in years.
- They haven't filed a 10Q or a 10K in almost a year and a half.
- and the Pink Sheets lists uspr as a "Limited information" company
Oh, and they still have hundreds of thousands of convertible notes on their books.
Billions and Billions?????? Wow!
just curious. when is this "something" supposed to happen exactly?? it's been a month, and nothing happened. it's been eleven months since uspr has filed a 10Q.
what is there left to happen for uspr? get de-listed to the grey sheets???
I'm well. been quiet here so i haven't checked in much. yea, obviously the volumes picked up the last 6 trading days but is there even anyone left at uspr? didn't most people resign?
well, so much for the "billions and billions" and "the final price will be determined by how much gold is in the ground"...
guess it was bull shit all along.
yea, that was one of his "better" ones. he hasn't said much around here though in a couple months. wonder why?? maybe he realized the billions and billions crap was just that. crap.
ok. just curious. uspr did not file their 10q in jan. and now, not only did they not file their next 10q in april, but they failed to file their nt-10q by april 15th.
that would have given them 5 more days to file their april 10q, which now makes them sec delinquent for 2 quarters.
so, is it time to call time of death here??
i'm not even looking at being de-listed to the pinks, or being under .01, or new, new, new, new management, or not being able to fully pay for their last drill, or losing the lawsuit in the mexican courts and having to return their concession to the sellers...
clearly they are done with the sec, which basically means this ain't ever going anywhere.
so much for billions and billions, and the radio show only one person heard, and ultimately the price will be determined by how much gold there is, and drill prove sell, and call ir, and management would never risk ..., and i personally sat down with david burney, and cdel and bmak are off the offer, and i think that the converts are almost done here...
and all the other bullshit that has been slung for the past 4 years.
oh, and today is the 15th so we should see either both the delinquent 10q and the current one, or an nt 10q.
if neither, then maybe new, new, new, new management has given up.
well, i guess now that uspr got delisted to the pinks and they lost one of their lawsuits and have to return the concession they bought, all the "billions and billions" nonsense has stopped.
i wonder if that one person that heard the alleged radio show read that uspr lost one of their lawsuits and has to return the concession???
if that's a joke, i think it's funny. if that's meant as legit, i think you're a little late. i think things are just about game over around here.
i think i need to change my opinion. with today's 8k, here's where uspr is.
sec delinquent filer... delisted to the pinks... yet another ceo resigns and is replaced by an interim ceo that had just recently resigned as a member of the bod... and the mexican courts now say they need to return their concession to the people they bought it from.
yea, now I'm thinking they just stay on the pinks and become a non sec filer.
this has gone from a joke to an embarrassment.
i guess i responded to you too quickly. you can add yet another ceo resigns and that the mexican courts say uspr needs to return their concession to the people they bought it from to the list.
like i said, the list is pretty long.
well, he just resigned as ceo of uspr... so what's your point?
"The Court ruled that the plaintiffs in the litigation, including Mr. Tentory, are entitled to a return of the concession at issue (Solidaridad I) due to the Company’s failure to pay $1 million to the plaintiffs on or before 2009."
8k out. not good. not good at all.
"On April 6, 2016, the Company was informed by its counsel in Mexico that the Court ruled against the Company’s Mexican subsidiary, US Precious Metals SA de CV, in connection with the Israel Tentory Garcia litigation."
well, maybe "averaging down" won't be such a good idea now. looks like we are on to new, new, new, new management. ceo resigns...
guess he's into the school bus thing now after all, huh???
yea. that "worked so well" at .24, and .18 and .10, and .05 and .02....
yea. there is a laundry list with uspr. too long to mention.
go read their 8k's. you will see great announcements and joint ventures that don't ever actually happen. new board members announced with great fanfare only to leave months later. an analyst put out a great story about uspr only to be announced months later that he is becoming a special adviser to the ceo and got a bunch of free shares.
uspr states deadlines for accomplishments and never met them. they announce these great technologies that they are using, yet they still can't prove that they actually have any mineable resources.
they've had 18 years to prove it and have failed. the only thing uspr is good at is printing more shares.
yea there is.
this stock is a paper printing machine that makes up fluff pr's, changes management like socks, has no money, is being sued by a company from one of their fluff pr's, is delinquent in their sec filings, got delisted down to the pinks, we have no idea what their o/s is, and they haven't been able to prove they actually have any viable resources on their land in 18 years.
so clearly either more paper was printed, or those that still have some are tired of waiting for anything to happen.
that just about sums things up.
I don't disagree, but i gotta think they're gonna try to pull something out of a hat here. why else would they release the three 8k's after they were delinquent filing their 10q and got delisted to the pinks.
they filed an 8k's for...
- when their bod members resigned and were not replaced
- when they created 200k series b convertible preferred shares
- when they created 400k series c convertible preferred shares
those preferred shares convert to 81 million more shares. the last 10q uspr actually filed showed 192 million o/s and 325 million a/s. with all the shares converted over the past few months, the current o/s number, in my opinion, has to be at, or near, the a/s. now add in another 81 million...
i still believe we are looking at uspr trying to spin all this bad stuff, along with either a rs or raising the a/s, with some new nonsense.
i guess we will see soon. uspr now 77 days late with their last 10q and the next one is now due in 9 days.
yea, and the cheaper the stock goes the more complicated the preferred conversion gets. and we forgot that uspr just created a sreies b convertible preferred in feb. that's 200k preferred that converts into 28 million common.
so in the past 2 months, uspr has created preferred that converts to 81 million common shares, but can't file their 10q.
ypu. world class new, new, new management here.
well, we'll need to see how much money it actually raises for uspr.
first is it 400,000 or 2.4 million preferred? second, most convertible preferred have a set conversion price, not all, but most. so what price will it be? and based on that price, how many will uspr be able to actually sell?
seeing as how uspr has traded into the .000's before, uspr will need to set the price at a level that investors will actually buy it. and if it is a 6 month hold, that's a very risky proposition based on uspr's trading history.
but let's say it's 400,000 shares. let's say it's 1.33. that would translate to 53 million common shares at .01. but it's also only $500k. that doesn't do much drilling, so, yea, i guess lawyers, and management bonuses, and ...
now if they sell 2.4 million preferred, then that's some real money. but it's also 319 million more common shares, so...
just 17 more days until the next 10q is due. can't wait to see what nonsense we get between then and now.
there's a ton of things with uspr to not forget. should i start listing them?
they are immediately convertible.
but uspr has only stated they created the series c, they haven't said they sold any yet. although they were 9 days late in filing the 8k saying they were created in the first place, so anything is possible.
the question becomes once the preferred is converted to common, are the common shares restricted? if they are, it's a 6 month hold from the day the preferred shares were purchased.
but i wouldn't put it past uspr to find some loophole making the common shares immediately free trading. we will see. that's why i think the next 18 days are gonna be interesting around here.
reading the pr and the 8k i would agree with you. but the bottom of the 8k has the filing with the state of delaware and that says initially 400,000. the more interesting thing to me is the word initially.
that's where i think the purposeful confusion comes into effect. initial implies more to come. having the 2 and a 1/2 line entirely blank certainly gives cover if the plan is multiples of 400,000.
for shareholders sake, i hope it's 400,000. cause if it is 2,400,000 then uspr just created 319,000,000 million more shares.
no matter how the dust settles here with the actual truth, ain't none of it good for current shareholders.
it is funny, but also not the first time uspr has done it. and yes, a ton of shares. let's be conservative and say it is only the 400k for now. converting at 133.333 means another 53 million shares.
and yea the as will have to increase or they will need a rs. the last time uspr stated their o/s was on oct 20, 2015. it was 194 million then, with an a/s of 325 million. there's been a couple hundred million trade since oct 20th so who knows what the o/s is today.
i still contend this is the reason they haven't filed there last 10q which now is only 68 days late. their next 10q is due in 18 days, so buckle in. i have a feeling there will be a ton of pr's and filings in the next 18 days.
uspr will probably put out a bunch of nonsense that some will try to spin to be great, all in an effort to cover up all the bad in the filings.
we'll see.
and what's with the typo in the pr? uspr says "allows for the creation and issuance of the 2", followed by the rest of that line being blank, before the next line says "400,000 shares of preferred stock".
it's the same exact way in the actual 8k filed with the sec. but the filing with the state of delaware has no 2 in it and no 1/2 blank line, but says "consisting initially of 400,000".
so which is it? is it 2.4 million or is it 2 lots of 400,000 or is it just 400,000 "initially"??? and if it's only 400,000, what the hell is the 2 and a half blank line in the pr and 8k all about???
typo's happen, but shouldn't someone proofread a document for the sec and/or the investing public before they hit the enter button? or maybe this is precisely how uspr wanted it to look. creates more uncertainty.
typical uspr
this is absolutely shameful. uspr waits until 5:30 pm on a non trading day of a holiday long weekend to put out this garbage???
i don't want to hear how world class new, new, new management is. they are just as shameful as all previous uspr managements.
and did you notice that uspr filed the series c preferred with the state of delaware on march 16th but waited until march 25th to file with the sec??
my calculator says that's 9 days. public companies have 5 days to file 8k's. uspr took 9. another uspr sec violation. they just keep adding up here.
absolutely pathetic
yea, plus cdel and bmak and etrf were off the offer a few weeks ago so uspr has that going for them too.
but not to worry. there's billions and billions here.
a lot of stuff has made me go hymmm about uspr for years. guess that's why it's trading where it is. so much for the billions and billions huh?
just curious. where does one hear a uspr rumor? no cable business channel covers otcqb stocks, so no rumors there. a quick google search shows no mention of any uspr rumor in any recent newspaper articles.
there is a mention of uspr on yahoo finance, marketwatch and bloomberg (however, bloomberg has uspr's address in florida. so either uspr moved and didn't tell anyone, or bloomberg has an old address). but none of those sites listed any uspr rumors.
there's investorshub, but there's been no rumor mentioned here. no mm's research department follows uspr. and since uspr is a penny stock, their brokers can't solicit anyone to buy uspr.
so how exactly does one hear a uspr rumor? especially about a new capital investor. if no outside source would have a rumor, that would leave a source inside uspr. and since it was some weeks ago and nothing came of it, how good could that source possibly be?
wouldn't it be more prudent for a rumor about their missing 10q?