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wait, so you think that uspr's stock price is following gold and gld, and not influenced by the 100's of millions of convert shares that have been sold???
why not compare uspr's 6 month or 1 year chart to gold. see how that stacks up.
nah, it's because others are focused on things that don't matter or things that ain't true.
uspr is violating sec regs. does it get more important then that?
let's see. what's more important. sec, or...profit taking that wasn't profit taking, where cdel or bmak or ertf is on the offer, or a radio show nobody but one person heard, or billions in gold uspr hasn't been able to prove for how many years???, or drilling that was supposed to be 5000 meters but uspr could only pay for 4300 meters, or the fact that gold is trading higher then when uspr released whatever it was they released...
if we are talking about an sec reporting company then, sorry, the sec is the most important thing. if uspr wants to file and become non sec reporting and stay on the pinks, then this doesn't matter. but if they don't watch it, the sec can suspend them, and then uspr trades on the grey sheets and it's game over.
so, please, tell me what is more important then the sec for uspr?
uspr is now 55 days late filing their last 10q. that's 105 days to prepare an sec required filing that most other companies do in 45 days.
uspr's next 10q is required on 4/15. that's 30 days from tomorrow. they now have 30 days (plus a 5 day extension for the april filing) to file 2 separate 10q's, when they haven't been able to file 1 in 105 days.
but not to worry. it ain't that important.
well, today is day 100 from the end of uspr's most recent quarter. they have had 100 days to file their 10q, and have not done so.
clearly, clearly, there is something they do not want investors, and their shareholders (their own shareholders), to know.
most companies file their 10q's in 45 days. uspr has had 100 days and has not filed.
why? can't possibly be good.
why on earth is that a good sign? there's been tens of millions of shares bought from .05 and .08 all the way up to .20 and .30.
a million shares at .024 doesn't mean anything.
yea. alleged financing.
when uspr is currently at .023. this to replace remaining debt that we have no idea how much remains, pay for lawyers because uspr is being sued, and pay for more drilling because uspr couldn't pay for their last 5000 meter drill program but rather only 4300 meters because they ran out of money.
yea. that's gonna be great financing.
the last 10q that uspr filed, you know, 5 months ago because they haven't filed their most recently sec required 10q, stated that they have $1.6 million in convertible debt.
even if 2/3rds of that has been converted ( i have no idea how much has been converted) that would leave $600k.
$600k alone at .023 with a 50% discount is still another 52 million shares. then add lawyer fees, because uspr is being sued, money for drilling, bod/management...
how much more dilution we talking about???
and for the record, uspr traded 6 million, 1.6 million, 2 million, and 3.7 million after jan 15th, so... no so much with the converts stopping on jan 15th.
actually, only the uspr convert holder can confirm that, but, whatever...
i agree. but remember, neither uspr nor their ta, has said anything about this. this is just an unsubstantiated theory suggested by someone and who the hell knows what the motivation is/was for them to suggest it. could be more manipulation.
those are all very good.
i would add the possibility that uspr's outstanding shares amount has reached the authorized shares amount. they currently have 325 million a/s and 194 million o/s, as of the last 10q they filed. you know, the one they filed 5 months ago.
but looking briefly at the volume that has traded since then, it is distinctly possible uspr is at or near their a/s, with all the conversions going on.
and that may be the reason that the converts have slowed down their selling. uspr can't issue more shares if they are at their a/s limit.
maybe uspr just doesn't want us to know how many shares are in the o/s.
but what i do know is that uspr is now 49 days delinquent in their sec required filings. to put that in perspective, companies are given 45 days from the end or their quarter to file their 10q. uspr's has had 99 days to file it. AND THEY HAVE NOT.
so they have had the equivalent of 2 complete 45 day periods to file ONE 10q, and have been unable to do so.
how is anything else the topic, other then that.
there HAS to be a reason why they are choosing not to file it. has to be. there is clearly something there they don't want us to see. wonder what it is.
any guesses???
i can't speak for any ta but i have personally gotten certs in the past from ta's when the sec filing stock i was in was delinquent. but who knows. with the cast of characters that uspr is surrounded with, who knows.
see, this is why it is so important to believe actual uspr facts.
the last 4 trading days prior to yesterday, uspr has traded 1.7 million, 1.5 million, 1.9 million, and 2.6 million shares. in the days before that, uspr hadn't traded over 1 million shares in 24 trading days. 4 of those days, uspr didn't even trade over 100k shares.
yesterday uspr traded 551k, and today only 152k.
volume in uspr over 1 million shares only occurs when it is "created". so for there to be profit taking, there has to be the corresponding buying interest in uspr. and there isn't any.
most investors don't have the knowledge, or ability, to "create" buying. let alone 2 million shares of it. but convert holders sure do.
if uspr trades over 1 million shares, it's because the buying is created. and the majority of the selling would primarily be coming from whomever created the buying. that would be the convert holders.
no created buying in uspr. volume in uspr under 1 million.
all that's needed is to look at the tape. not where certain mm's are or other bullshit, but the actual trades in uspr. that's what's important.
clearly that uspr volume wasn't profit taking.
is uspr still a 5 bagger now that uspr closed at .0175 today?????
and looking at the actual trades, not what bmak, or cdel, or ertf, or nite, or any other mm is displaying in their quotes, but actual trades, there's no way this is from profit taking.
retail guys taking profits don't put up multiple 100k share blocks, or 207k share blocks or 343k share blocks...
this ain't profit taking, no matter what anyone says.
from a high in the .30's to .017 today. yea, that's right. uspr has billions and billions. and their billions just went up 15% because gold is up from their technical report. LOLOLOLOLOLOLOL!!!!!!!!!!!
seriously??? the stock is down from .30. it was .12 just six months ago. it got beat down to .004. that's the reason for the dead cat bounce.
how are they gonna put out relevant news when they are a delinquent sec filer?
and how is anyone gonna give them money without seeing their financials? and if uspr can produce financials for a potential funder, then why aren't they releasing them to the investing public.
that's the thing with public companies and financials. there's only one good thing and everything else is so not.
that's awesome.
too bad uspr didn't have enough money to pay for their previously contracted 5000 meter drill program, instead only being able to pay for a 4300 meter drill.
that means they will have to raise more money to do anything else to take advantage of this rise in gold prices.
but unfortunately, since their incomplete drill program, they have chosen not to file their sec required 10q, therefore uspr became sec delinquent. this moved them down to the pinks thereby making it extremely more difficult to raise further money.
so, no money... they need to raise more money for more drilling and legal fees as they are being sued... they are sec delinquent... and they were de-listed to the pinks.
that kinda makes the value of gold irrelevant for uspr now, huh????
what's heed news?
and what on earth makes uspr look like any kind of news is coming?
the first news uspr puts out should be why their 10q is 44 days late but there is no possible good reason for that. their second piece of news should be that they were de-listed to the pinks, but that's not good news either.
come to think of it, being de-listed to a lower market is a material event. an 8k is required by the sec for any material event. uspr would have had 5 days to file that 8k. and they have not.
so uspr is delinquent with 2 sec filings.
that's the only news that matters.
a) it wasn't a 5 bagger when quotes stated the converts were done selling at .08 and .13 and .16
2) nobody knows why the converts stopped selling except for the converts. anything other then that is pure speculation
c) is utter nonsense. first we have no evidence that the converts are, or are not, still converting. second. we have absolutely no idea if the convert sellers have any remaining shares left from their last conversion to sell or not, whenever that was. third. unless the converts are the ones making these statements, then nobody knows ANYTHING about what the converts are doing.
so unless the convert seller is saying they are done, anything else is just plain full of shit
I AGREE. IT IS QUADRUPLE BULLSHIT THAT USPR HASN'T FILED THEIR 10Q AND IS NOW 43 DAYS DELINQUENT WITH THE SEC.
comments?
BULL SHIT!!!!!!! complete and utter bullshit.
before today, uspr averaged 219,000 shares of volume the last 4 trading days. today it trades almost 1.8 million.
uspr hasn't traded over 1 million shares in a month and 6 days before today.
you think that was a coincidence? there's NO WAY today's volume wasn't "created". so take the "best guess" and throw it in the trash. where it belongs. along with "converts almost done"... "cdel off the offer"..."there's billion in the ground because i heard a radio show nobody else heard"...
and as we've all agreed, the only buying here at uspr is created by the convert sellers. because once they stopped selling, the buying stopped too.
so i don't care if the seller was etrf, cdel, or mickey.
and, i know this is hard for some, but just because a mm shows a size for sale, and a trade goes up at that price, it DOES NOT MEAN IT WAS THAT MM. it could have been any mm. but you know that.
well, that's only slightly correct.
there are only 2 days where uspr traded to a low of .004 or lower. in those 2 days, a total of 14.7 million shares traded. but, the range for those 2 days was from .0053 to .0035.
so how many of those shares actually traded at .004 or lower? not really sure now many millions it actually was.
but the better question is how many tens of millions of shares of uspr traded between .02 and .03? or between .05 and .08?
don't worry, i won't even try to ask about .18 or .23.
i don't know about this new math they use now, but old school math has 1.8 million shares of uspr trading around .02 at around $36k. but if you want to say $81k, we can agree to disagree.
seriously??? uspr is down from .20 a year ago and .10 just six months ago. they are delinquent in filing with the sec. they were just de-listed to the pinks. and most uspr shareholders avg price is way, way, way higher.
so uspr getting a dead cat bounce to .019 doesn't help many at all.
actually, it's hysterical that the l2 of uspr at .018 could be found interesting at all. i remember hearing that the l2 for uspr was also interesting at .02, and .04, and .08 and .13 and .20...
what's really interesting is that uspr is now 41 days late filing their 10q and that uspr was de-listed to the pink sheets. that's interesting. yet no comment on that.
no communication from the company. no explanation to their shareholders why they can't file their 10q, and the 10q doesn't even need to be audited.
also, no explanation as to why uspr couldn't pay their contractors the full amount for their contracted 5000 meter drill, instead only paying for a 4300 meter drill.
or why their contractor did unauthorized work.
no 10q. no information. can't fully pay for their contracted, publicly announced, 5000 meter drill.
that's interesting. not some l2 bullshit.
you're funny dude. first, uspr only traded at .0035 for 1 day. not a lot bought there, and probably mostly by mm's. second, uspr traded 51k shares today. 51,000.
you're talking about a 5 bagger with 51k shares of volume for a stock at .017???? lololol.
here's the next problem for uspr's shareholders. clearly, the only consistent buying for uspr was created when the converts were selling. since the converts are not selling now, whomever was creating the volume ain't doing it anymore.
so any shareholder that is tired of waiting for the 10q, or waiting for more drilling, or more financing, or doesn't want to own a pink sheet stock...
how you gonna be able to sell any decent position into this pathetic volume?
what could uspr's ir possibly say? i don't know why uspr is 36 days late filing their 10q? i don't know why uspr could only pay for 4000 meters of a contracted 5000 meter drill program? i don't know why uspr's contractor did unauthorized work? i don't know if there will be another lawsuit uspr has to defend?
uspr's ir contact is an outside ir firm that only knows what uspr tells them. they are worthless.
well, it's 1 pm and only 10,000 shares traded so maybe people are finally wising up.
funny how i point out that uspr stated that they couldn't pay their drilling contractor and that the contractor did unauthorized work, and all of a sudden dead silence.
i'm beginning to wonder if uspr will ever bounce again.
now 34 days late with the 10q.
wonder why uspr didn't put out a pr saying why their last drill was only 4000 meters instead of 5000. or that they still owe that contractor $456k.
so they continually put out garbage pr's but don't give pertinent, actual details about their business, or file timely 10q's.
but, cdel is off the offer. converts are almost done selling. the radio interview nobody else heard was awesome. gold is at a high. they have billions and billions.
pathetic. just pathetic. and people believed this garbage.
no wonder why uspr is 33 days late filing their 10q. they probably don't want anyone knowing how much worse things now???
so, let me recap.
in may of 2014 uspr hires a contractor on a sales proposal for $450k. they pay them $131k in cash. as of this 10q, nothing was done on the project. NOTHING WAS DONE IN 9 MONTHS.
then in feb of 2015, uspr hires the same contractor (even though they previously paid the contractor $131k and got nothing for it in 9 months) to do a 5000 meter drill for roughly $1.7 million in cash and stock. they give the contractor the stock. they give the contractor $1.1 million in cash. the contractor drills to 4000 meters.
the contractor sends the last bill for $456k. uspr disputes it, because work wasn't authorized, yet the amount was agreed to, so the contractor doesn't complete the 5000 meter drill and still wants the balance of the money due.
is there another lawsuit in the future for uspr????
so uspr needs to raise money for the last drill that was already done but not paid for. they need to raise more money for more drilling. they need to raise more money for their lawyers because they are being sued. and they just got de-listed to the pinks making it sooooo much harder to raise money.
this is so all around bad it's comical. how the hell can anyone defend uspr for this garbage????
wow. this is bad.
in looking at uspr's last 10q to see what assets they had listed, i found this. from uspr's last 10q in october...
"In May 2014, we paid $35,000 as a deposit on a sales proposal to install limited production equipment on our property in Mexico for a total cost of $450,000. In August and September 2014, we made two further deposits of $21,250 and $75,000, respectively, under the terms of the sales proposal. As at the date of this report, no progress has taken place in respect of this project.
In February 2015, we entered into a further contract with the same contractor to drill 5,000 meters for $1,762,047, $195,790 payable in stock and the balance of $1,566,257 payable in cash.
Pursuant to the drilling program we have completed approximately 4,000 meters of drilling over 27 holes.
During the period from February 2015 through August 31, 2015, we paid $1,180,251 in cash and issued 1,398,444 shares of our common stock in respect of this contract. As of August 31, 2015, a balance of $456,716 had been invoiced to us and was due and payable to the Contractor. We dispute this balance as it includes work which had not been authorized by the Company, only 4,000 of the contracted 5,000 meters had been drilled and no credit had been given for the stock issued to the Contractor by the Company. As of the issuance of this report, we do not have the funding to pay the balance due and payable or the balance of the work to be performed under the terms of the contract and we will need to raise the additional funds through the sale of further equity or debt instruments. These is no guarantee that we will be success in raising the necessary funding"
not to mention the fact that we have no way to verify that any of those pictures have anything to do with uspr.
also, some of those assets (helicopter, cars, office furniture, shelving units, warehouse...) are assets that if they belong to uspr should be reflected on their latest 10q filed in october. that 10q lists property and equipment valued at $12k.
to be clear, i'm not saying uspr has done anything wrong with these pictures, but the truth is we have no idea what these pictures really are. there is no way to verify anything in those pictures.
if some of those assets belong to contractors that uspr hired, that should be clearly stated. if those assets belong to uspr, they need to list them as assets on their 10q, which they have yet to do.
this is like, how to be a public company 101.
i agree with that.
i completely disagree. the yield sign, the stop sign and caveat emptor signs are inventions of the otcmarkets, but all are meant to inform investors of the status of the listed company.
uspr can choose to not be an sec filer, stay on the pinks, and not have to pay otcmarkets anything. it's not a money grab.
the otcmarkets platform is where the mm's post their quotes and trade otcqb and pink sheet stocks. it isn't an exchange, but it is the market. so uspr being de-listed from the otcqb to the pinks is very meaningful.
uspr needs to raise a lot of money and many, many funds will not do financing deals with pink sheet companies. and some that will do so, won't touch pinks with limited info. and some brokers are prohibited from doing transactions in pinks altogether.
so, you are right that the sec is the most important thing, but getting de-listed to the pinks is a really big deal.
and there's no doubt that some stocks that trade on the otcmarkets are scam companies, but not all are. they may never grow off the pinks or otcqb, but there are some legit companies there.
yes, they are still an sec filer, they are just classified as delinquent.
and no, a yield sign is very official. otcmarkets isn't a paid service. they are the market on which uspr trades. similar to nasdaq, only for smaller companies.
the yield sign is a gimmick, but it is used to show that uspr is listed as a limited information company with otcmarkets. that's not good. otcmarkets is stating that uspr is not informing shareholders and investors of current company information in a timely manner.
here's the link showing uspr got de-listed to the pink sheets.
http://www.otcmarkets.com/stock/USPR/quote
uspr is now classified as a delinquent sec reporter, and is limited information on the pinks, with a yield sign.
that never happened with new, new, new management. i thought new, new, new, new management was supposed to be world class, would never mess with sec filings, wouldn't risk...
it's a lot harder to raise money on the pinks then the otcqb, especially when the company is delinquent with the sec and limited info on the pinks. a lot harder.