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no it is not. uspr and mesa have ended that ridiculous agreement.
not burying the company, just stating facts. falling below .01 is a problem. and 5.8 million shares trading the last 3 days alone, with another million already trading today by 11:30, is pretty telling.
and the convert selling won't stop. they love that uspr is this cheap. means they get many more millions of shares if they convert down here. those guys would LOVE uspr to bounce. even a little. if uspr does bounce, we can all expect a massive conversion.
as an example, if uspr bounces to say .10. the converts holders will convert a massive amount down here. and if it is a 50% discount, they would convert their shares in the .01's. they of course, would be huge sellers at that point.
if they remain an sec filer that's good. but brokerage firms have regulations for clients that want to buy stocks under $2 and also for stocks on the pink sheets. it's a lot more scrutinized then the otcqb.
so not only will the toxic funding hurt them but they will find it harder to find buyers if they fall to the pinks.
hard to imagine how this happened with the billions and billions.
it's way worse then disappointing. it's a real problem for them.
they will obviously need to sell more converts to pay for whatever other nonsense they will try to sell us to drum up more buying and new investors. plus legal fees because they are being sued. plus all the hands they have to feed. so they will clearly need to sell more converts.
they have to maintain a .01 bid to remain on the otcqb. if they fall below .01 for a period of time (i'm not sure how long. maybe 30 days), they get delisted down to the pinks.
so these conversions and subsequent sales could become a real problem for uspr. if they fall below .01, it's either the pink sheets or a reverse split. neither is very good.
almost 5.3 million shares trade in the .03's and .02's in the past 3 days alone! some people must not have gotten the billions and billions memo. or maybe they just missed that radio interview that only one person heard.
3.5 million shares traded the past 2 days in the .03's and .02's. can we PLEASE stop with the billions and billions????
uspr falls from .21 to .03 in 12 months. plus they issue 40 million additional shares in the past 12 months to people we do not know at prices we do not know. can we all agree this is not the work of a company with billions and billions???
seriously!!!
yes.
that people can see what is true, and that may not be the same opinion of others.
and just because one thinks there is a negative bias does not mean that what "they" say is not true.
the bigger question is how can someone feel as strongly about a stock at .0305 that they felt about it at .21??
opinions are fine. but they have to relate to facts.
the fact is uspr has not proven their resource since they last drilled in 2010 and they have issued 40 million additional shares in 12 months. and they issued 131 million additional shares since they last drilled in 2010, without proving their resource.
this isn't about bias. this is about uspr proving what they have. if someone is to say there is billions and billions on uspr's property, then isn't it time uspr proves that???
it's been 7 years since they drilled in 2008 and 17 years since uspr was founded in 1998.
can't they show anything at all? is it wrong to think they should have been able to prove their resource in the 5 years since they last drilled? in the 7 years since they first drilled? in the 17 years since they were founded????
is that really a lot to ask?
i agree wholeheartedly. but the worst are the lowlifes that lie, manipulate, distort, mislead, manufacture talking points, stick to scripted stories, argue nonsensical moot points, and create false promise... all in the name of creating buying as well as restraining selling by regular investors.
those people are the worst, in my opinion.
yea, but at least they have eliminated/reduced the amount of convertibles by well over half a million - may actually be closer to a million.
no, wait, that's disturbingly wrong. they INCREASED the convertibles on their books by over a half a million.
and they need to spend a lot more money to be able to prove whatever resources they have. money they don't have. plus more money to pay their lawyers to represent them because they are being sued.
more converts coming?
oh, and one more FACT.
"by my calculations, they have eliminated/reduced the amount of convertibles by well over half a million - may actually be closer to a million"
we know now this opinion was horrifically wrong and misleading.
but here's the bigger concern.
convert holders are selling shares here in the .03's. so it begs the question. what price are they converting at? most, not all, but most converts have a 50% discount. we know these convert guys don't lose money. so what are they converting at?
AND, since we have established that uspr has $1.6 million in converts on their books as of october 20th, HOW MANY MORE SHARE CAN THESE CONVERTS TURN INTO????
if we presume a 50% discount here in the .03's, that's a .015 conversion price. $1.6 million shares converted at .015 is equal to an ADDITIONAL 100,000,000 SHARES.
how many does that convert into if uspr trades below .01???
not a fighting a battle at all.
just hate it when opinions are stated as facts, when in fact, they are completely false and very misleading. part of this should be that opinions stated should be based in actual facts, not made up, misleading statements used to generate false comfort levels when it comes to peoples investments.
very, very distasteful.
oh, now the facts are distractions??? ok, i have been operating under the premise that facts are important in investing. 40 million additional shares in 12 months and the stock goes from .21 now to .03.
we should tell all those people that bought uspr at .21 that it being at .03 now is just a distraction.
regarding the lawyers, why was foreclosure a worry? i remember repeatedly reading here that foreclosure was never gonna happen. now it was a worry? gotta love inconsistencies!!!!
don't give uspr credit for eliminating a deal that never should have been made in the first place. agreeing to give rtc any preferred shares, and then actually giving them the preferred shares, when rtc hadn't yet accomplished any part of their arrangement was pathetic. especially with uspr's ceo and another director as primary owners of rtc. THAT'S LIKE GIVING A CRIMINAL CREDIT FOR DECIDING NOT TO ROB A BANK.
there is no evidence they FUNDED a technical report. unless someone saw the check go out or saw the check come in, all we ACTUALLY KNOW is that uspr stated a report would be done. stating anything else is speculation. now that they have to fund their legal defense since uspr is being sued, we don't KNOW they can fund anything.
"by my calculations, they have eliminated/reduced the amount of convertibles by well over half a million - may actually be closer to a million"
i love OPINIONS like this because they are so easily proven to be idiotic.
from uspr's 10q on october 14, 2014 ... convertible notes payable $1.1 million
from uspr's 10q on october 20, 2015 ... convertible notes payable $1.6 million
USPR'S CONVERTS INCREASED OVER A HALF A MILLION.
nice try. how bout we try actual facts for a change???????
ok, so you never claimed the bogus 125,000,000 million rtc shares were part of the 155,000,000 o/s in october of 2014...
SO WHY MENTION IT AT ALL???
everyone here discussed the 125,000,000 shares. a ton. everyone knew about the 125,000,000 shares. why bring it up???
uspr did not include them in their o/s shares in their 10q filed with the sec in october of 2014 or in october of 2015. so what was the purpose of bring these bogus shares, that uspr was not claiming in their o/s, up at all???
DISTRACTION? DISTORTION? MANIPULATION?
an actual true fact is that uspr has issued just about 40 million shares in 12 months and the stock price has gone from .21 to .04.
THOSE ARE ACTUAL, UNBIASED, UNDISTORTED FACTS.
sorry if that doesn't play well with the billions and billions, jv, buyout utter speculation.
THAT IS QUITE POSSIBLY THE WORST BS ON THIS BOARD. EVER.
let's take a look at what is a foreign concept here. the truth.
i said
"the 10q in october of 2014 was 155,737,658"
that is EXACTLY WHAT I SAID.
now, do you honestly expect anyone to believe that the bogus 125,000,000 rtc shares were included in my 155,737,658 number????
SERIOUSLY????
i stated the o/s exactly as it was stated in the october 2014 10q and exactly the way it was stated in the october 2015 10q. because those were the exact numbers that uspr reported to the sec. are you suggesting uspr reported the wrong o/s numbers to the sec?
just because the truth looks ugly don't try to spin it with bullshit.
YOU REALLY CAN'T BE SERIOUS!!!!!!!!!!!
EVERYONE, INCLUDING ME, KNEW ABOUT THE RTC SHARES. I POSTED ABOUT THEM AD NAUSEM.
if you were to do YOUR DUE DILLIGENCE, AND NOT ATTEMPT TO DISTORT, you would know that the preferred shares were listed in the 10q, but not, on october 20, 2014, included in the o/s.
and who said the preferred weren't included in the o/s????
USPR DID!!! IF YOU WANT TO SAY THE O/S IS WRONG GO TELL USPR.
in their 10q in 2014, they stated their o/s was 155,737,658. USPR DID.
saying anything else is BS, DISTORTION, MANIPULATION, AND DOWNRIGHT DISTASTEFUL.
now let's take it one step further.
let's look at the o/s from the last time uspr drilled, 2010. on october 20, 2010 uspr's o/s was 62,982,196.
now 5 years later on october 20th, it's 194,737,658.
THAT'S AN EXTRA 131 MILLION SHARES IN 5 YEARS!!!! THERE WERE NO 125 MILLION RTC SHARES IN 2010 AND THERE ARE NONE TODAY.
now let's look at the price. uspr traded between .038 and .05 on october 20, 2010. today it's traded between .04 and .0499.
so in 5 years, uspr, the company, has changed management how many times? has not proven their resource any further then they did with their drilling in 2008 and 2010. the share price is essentially the same. and they added 131 million more shares to the o/s.
SO WHAT EXACTLY HAS USPR DONE IN THE PAST 5 YEARS OTHER THEN ISSUE 131 MILLION ADDITIONAL SHARES???
those are actual facts.
where are any proven facts about billions and billions? other then a radio interview nobody else heard. where is a feasibility study that doesn't exist or any other sec acceptable document showing the billions and billions? where is any written acceptable proof of a potential buyout or jv partner??
what most people call statements without any factual proof is usually simple speculation.
i was curious what all this volume meant to the o/s shares so I checked. uspr's last 10q was in october 2015. the outstanding is now 194,737,658. the 10q in october of 2014 had 155,737,658 shares.
that's an increase of almost 40 million shares in 12 months.
the 2014 october 10q was filed on 10/14 and uspr was .21 on that day. today it's .04.
how can that be if they have billions and billions and such a talented, great management team? surely this management team could have found a way to prevent the convert holders from torching the shareholders, don'tcha think??
but maybe this isn't just convert holders. uspr has given out shares like candy on halloween. mesa, berry, hertell... who else got shares for doing nothing?
we have no way of knowing what the average price of these sales is/was. but if we take the halfway point between .21 and .04, we'd get .125.
THAT IS $5 MILLION WORTH OF SALES.
what's uspr got to show for that other then their stock crushed from .21 to .04??
if you were actually watching you would also say WHO CARES WHEN THEY TRADED AND WHERE IN RELATION TO THE BID AND THE OFFER.
what matters is all the stock being sold. the sellers ain't waiting for the resources to be made public... or the first assays... or the final assays ... or a needed feasability report that uspr has made no mention of yet... or possible jv (that only one person is talking about)...etc
and remember, OVER 30 MILLION SHARES OF USPR HAVE TRADED SINCE JULY 1. that's a ton of selling in just 4 1/2 months. wonder how many tens of millions traded in the past year? 2 years?...
every sale has a buyer and NOW THERE ARE 10'S OF MILLIONS OF SHARES BOUGHT BETWEEN .13 AND .03, and nobody knows what type of holders they may be.
there is nothing definitive stated anywhere by anyone (other then one guy on this board) about a jv partner, or sale of property, or financing... NOTHING. the only thing from uspr about this was from Mesa, who was a sham, and Pane, who uspr shareholders now believe to be a crook.
so if the one man's opinion is not reality (and it wasn't the reality after the 2008 drilling or the 2010 drilling), that means uspr will need to get through tens of millions of shares to get above .13. ON TOP OF ANY ADDITIONAL CONVERTS STILL ON THE BOOKS.
wow.
500k trades yesterday in the .04's. guess someone(s?) are not willing to wait for something that may, or may not, come.
stock price says differently. nuff said.
wasn't that the same philosophy around the time of the drilling uspr did in 2008 and 2010? how'd it work out those times???
that's one thing that is true... it is pathetic... ignoring fact, i mean...
here is the filing from august 26th signed by uspr's ceo
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10884222
it is CLEARLY regarding uspr retaining legal counsel because they are getting sued and NOT an offering or sale of securities. that is the actual fact!!!!!!!!!!!!!
and, again, an amended filing, by definition, is NEW NEWS!!!!!!!!!. uspr is AMENDING something they previously filed. so...NEW NEWS
an additional amount was raised, yea, as part of $3.3 million in 10 months-NOT GREAT NEWS -. uspr was .20 the day before these recent offerings occurred. .043 yesterday. nuff said. explain how .20 to .043 is great news.
because of the amount of shares it turns in, wait, we actually don't know how many shares it turns into or who got the shares...
"THIS COMPANY WILL BE VALUED BY HOW MUCH GOLD, SILVER, AND COPPER IT HAS ON ITS PROPERTY - NOT BASED ON BS FROM A MB ... "
I BET PEOPLE WERE SAYING THE EXACT SAME THING AFTER THE DRILLINGS DONE IN 2008 AND 2010. unfortunately, nobody has told the stock price that.
NOT!!!! RIGHT BACK ATCHA!!!!!!!
THERE ARE NO USPR FILINGS OF SECURITIES OFFERED IN AUGUST!!!
the only filings uspr made in august was that their 10k will be filed late, a pr about drilling, an 8k because they are being sued, and an 8k stating who they hired to represent them because they are being sued.
also, this filing shows an "AMENDED" amount of securities that were sold so...
IT AIN'T OLD NEWS!!!!!!!!!
also, my post wasn't dd, it was a comment. i haven't done any real dd here because i thought if i did, it would be ugly. so to date, i have only looked on the surface. but since my mistake has been pointed out to me, I did a little research.
in the past 12 months uspr has filed 5 offerings of securities and 3 amended offerings. all totaling $3.3 million worth of securities sold.
to unknown people at unknown prices.
USPR EVER HEAR OF TRANSPARENCY????
the filings are...
1. 12/23/14 $575k sold of $800k offered,
2. 12/23/14 $500k sold of $500k offered. this was used specifically to pay the debt to their previous attorneys that uspr never paid.
3. 2/25/15 $237k sold of indefinite offered. INDEFINITE.
4. 3/5/15 $$300k sold of indefinite offered. INDEFINITE. these were brokered by meyers and associates
5. 5/29/15 amended (of #4) $1,377,500 sold of indefinite offered. INDEFINITE. these were brokered by meyers and associates.
6. 6/26/15 amended (of #3) $316k sold of indefinite offered. INDEFINITE.
7. nothing filed by uspr in august, contrary to, you know who.
8. 9/9/15 $493k sold of indefinite offered. INDEFINITE.
9. 10/21/15 amended (of #8) $566k sold of indefinite offered. INDEFINITE.
$3.3 million worth of securities sold by uspr in the past 10 months. to UNKNOWN PEOPLE AT UNKNOWN PRICES.
is it any wonder why uspr traded to 0.043???????
ok, let's look at some facts.
1. uspr announced the assay results of their first 11 drill holes on 7/9. uspr traded to .15 that day.
2. uspr announced the final assay results 3 months later. with no explanation as to why it took 3 months for the remaining 16 drill holes, but, whatever...
3. in the 3 1/2 months since the release of the initial 11 drill hole results, uspr has sold $1.1 million worth of securities to unknown persons at unknown prices.
4. some of those funds, $160,000 to be exact, went to directors, officers, or promoters. my guess is to promoters but that's just a guess.
5. and that does NOT include the $1.6 million of securities sold on 5/29 and 6/26.
6. uspr was .15 when they announced their initials results and today it traded to .053.
them there are the facts.
$2.7 million shares of securities sold by uspr at unknown prices to unknown people since 5/29. is it any wonder why uspr is at .053????
remains to be seen if it's a bargain.
hopefully the plasma guys can add value here to the stock price. obviously uspr can use any help it can get. why, it was .15 just 3 months ago.
hopefully plasma can accomplish for uspr what their drilling so far has been unable to do. glad we are thinking the same way!!
hey, you think the plasma guys sold the 638k at .06237????????
WOW!!!! 638K SHARES GO UP AT .06237 AT 3:57.
it's clearly an avg price trade. but, someone is still selling 638k at .06237. why??? bailing? scared off? uspr using someone friendly to raise money for further drilling? pay for assay results? technical reports? lawyer fees for lawsuits????
nobody knows for sure but one thing is certain. it ain't good.
oh, you're right. that makes an awful lot of sense.
why will this time be any different then the last time???
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117011085
seriously???? what does uspr's status with Delaware have to do with rtc's ability to sue uspr????? the two companies are separate entities.
now if you could find any evidence that rtc is not current in their status that would be something.
first of all, it is alleged fraudulent statements and alleged breach of contract.
and you are right. anyone can sue anyone for anything. we will have to see how it plays out. but since there was an agreement, and then an amended agreement, and a impartial uspr committee reviewed and approved of the agreement, in my opinion, there is enough there for a trial.
either way, one thing is for sure, this is gonna cost uspr some lawyer fees and those fees could turn out to be substantial. does uspr have the money for the lawyers on top of drilling, and assays, and technical reports....
seems to me like there will be some more converts sold to cover these expenses.
again. not even close to the point. the point was the sec doing legwork for uspr and that is ridiculous.
yea. the initial point was that the sec would help uspr with the legwork with their lawsuit. and that point was and is ridiculous.
that is so far away from the point. the initial point was that "the sec would do the legwork for uspr". that is ridiculous.
the sec does the "legwork" on actual fraud where actual shareholders actually lost money and has no time or manpower to waste helping uspr with legwork when no shareholder lost any money based on an attempted fraud.
no. i am saying we all know this will cost money, money that we know uspr does not have.
i'm also saying nobody knows how much money the plantiffs have or what their arrangement with their attorney is.
problem with that???
exactly. and that's the main point. all this "legwork" stuff is nonsense.
if the court does not throw out the initial lawsuit, uspr will have to spend a ton of money, money they do not have, to defend the lawsuit, and pursue their countersuit.
any real investor should be concerned about that.
yes. really. really.
fraud only occurs if the person perpetrating it actually steals money from someone else. otherwise it is attempted fraud. the sec has actual fraud to do legwork on.
that's fraud 101.
pathetic.
that's precisely my point. (chuckle,chuckle)
There was no ponzi scheme, there was no manipulation, there was no wrongdoing, because current uspr management cancelled the deal (rightfully so) before the previous uspr management could profit from it. no shareholders were hurt. no investor lost money.
sec has actual ponzi schemes and actual shareholders that were actually defrauded that they need to investigate. they will not waste one second doing "leg work" for a situation where no shareholder lost money from previous management.
pathetic
i have 20 years dealing with the sec. got plenty of an understanding about them. i'm not wrong.
the sec doing legwork against non-affiliated individuals, that were unable to profit from a questionable deal, is absolutely ridiculous. period. i've seen how they work and that's pathetic