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that is absolutely ridiculous!!!!!! the sec will not do any legwork regarding individuals that are no longer affiliated with a public company and who's shares were cancelled by the same company. that's one of the most pathetic things i've ever read.
actually, apples and apples. uspr will need to pay their lawyers too. they have money for that?? do they have money for lawyers, and more drilling and assays and technical reports and geologists??? what if they need to take money from proving their resource and use it for lawsuits???
we have no idea how much money the plantiffs have. unless the plantiffs tell us. we also have no idea if their attorney is working on a contingency or has some other arrangement.
we also have no idea if the plaintiff will ask for a retraining order requiring uspr to cease drilling and all related work until such time as the shares they believe they are entitled to are restored.
we also have no idea if any of this will be thrown out or not. for either party.
this lawsuit absolutely has the potential to bleed uspr dry.
excuse me. would you mind posting why there is any reason to expect the results from this current drilling campaign will be any different from what happened in 2008 and 2010?
uspr's expert geologists at that time concluded "insufficient information is available on the La Sabila project to estimate a resource".
what evidence is there that uspr's current management will be able to take this current drilling campaign and have it increase the value of uspr's shares? evidence. not hype.
exactly.
wait, so uspr trades all day long at .06 or lower and because 6 trades happen at .069 in the last 10 minutes that's a good thing??? seriously???
what a joke.
well, that has nothing to do with the fact uspr couldn't stay above .06.
the problem with that is with almost 500k shares trading today and a low of .0522, there were some real sellers around too. does that mean uspr is going lower??????
I THINK SOMEONE NEEDS TO UPDATE THE USPR INTRO. the first thing that shows up is a short term prediction of .30. that was on may 1st. uspr opened at .11 that day. not only has uspr not risen to .30, but it has fallen to .06 where it closed today.
i think 5 months of trading is more then short term.
also, the next statement is short interest is UP 400% in may. well, the short interest on 4/30 was 25k and the short interest on 5/27 was 47k.
a. that's not 400% and 2. the most recent short interest on 9/15 was 0. just to be clear, that's ZERO.
i think we can all agree that the uspr intro should be accurate. right?
why is uspr using scare tactics?????
uspr sold $493k worth of shares. that's a fact. first sale was 8/26. that's a fact. uspr was in the .06's at that time. that's a fact. that would be the basis to determine cost factor of the shares. that's a fact.
uspr used a form d. not a pp or a convertible. form d allows companies to use an exemption under regulation d to offer and sell securities without having to register the offering with the sec. there's multiple options from there.
without knowing exactly which exemption was used, it would be extremely misleading, patently incorrect, and impossible to guess on how long the hold is.
mine isn't "more likely". mine is actual facts.
well, uspr is at it again. they sold $493k of shares starting 8/26 and possibly into september. uspr has traded mostly in the .06's since 8/26. meaning uspr would have had to sell these shares at a discount from .06. if it is a 50% discount, that's another 10 million shares uspr just sold.
i'd brace for lower prices.
it's not a bs trade. it's a form T trade. the mm just did it pre open today rather then after the close yesterday. why all the worry over individual trades when there's billions and billions, and assays, and lawsuits, and converts and....
actually it won't be industry approved as uspr does not trade in canada thereby making the 43-101 NOT compliant.
#4 is exactly the point.
why all this defense over 43-101?? uspr doesn't trade in canada. why mention it at all? just call it a technical report and make sure it meets sec standards. it's not this difficult.
first, that's what was said about pane.
second, they already did something that is not impeccable by putting 43-101 in their pr.
third, they were all here at some point when pane was doing what he did and they let him.
wow. so completely not the point
for those that missed this from wikipedia:
more bull shit.
uspr had that on their website calling it a 43-101 for years. it's only recently they changed it to a technical report compliant with 43-101. nice try.
plus, whatever we want to call their report from 2011, here is what the uspr expert geologists said in the report...
"the available information from the USPR drilling programs and the surface sampling performed by Gerald Harper are insufficient at this time to define a mineral resource. In addition, it is uncertain whether further exploration and additional drilling will be sufficient to delineate a mineral resource."
so, whatever it is that this report, that is so prominently displayed in the ihub intro, and we all know exactly how insignificant that is, clearly states that after examining everything, it is INSUFFICIENT TO DEFINE A MINERAL RESOURCE. that's from uspr's expert geologists.
so, wow, ihub's intro references a report that used to be called a 43-101, that in that report says the data is insufficient to define a mineral resource.
and that's supposed to be significant???? that's a freakin' joke. seriously, that's a joke, right?
wow. just wow. funny cause the same things were said about pane. now, not so much.
can you say wikipedia?
National Instrument 43-101 (the "NI 43-101" or the "NI") is a national instrument for the Standards of Disclosure for Mineral Projects within Canada. The Instrument is a codified set of rules and guidelines for reporting and displaying information related to mineral properties owned by, or explored by, companies which report these results on stock exchanges within Canada.
"which report these results on stock exchanges within Canada."
heeelllllloooo!!!!!!!!!!!
jfyi... but it's not a 43-101 compliant report because uspr does not trade in canada. whether it is world respected or not also is irrelevant as it can't possibly be 43-101 compliant.
so again, why on earth would uspr say something so misleading or lacking in industry knowledge?
i disagree. nobody is saying that the information in the as of yet unpublished report is inaccurate.
what i am saying is uspr calling it a 43-101 compliant report is either misleading to investors or shows a lack of knowledge from uspr's management.
whatever report they produce, whatever qp they use, whatever the report says, is NOT the point. you can't call something 43-101 compliant if it has zero chance of being 43-101 compliant. that's just logic.
nobody is discrediting a report that hasn't been done yet. i am saying uspr should not be calling it something it can't possibly be. period.
and again, it shows they are misleading or not knowledgeable. there is no other possibility.
clarity aside it is still irrelevant.
for ANY report to be deemed 43-101 compliant, it must be reviewed by the canadian government. the only way uspr's report could do that is if they were to trade on a canadian exchange, which they do not. therefore, it is impossible for their report to be deemed 43-101 compliant.
so it begs the exact same question. why would uspr even mention 43-101? do they not know the 43-101 requirements (which is bad) or are they purposely trying to be misleading (which is worse). it can only be one or the other.
and again, the clarity of all the different reports is irrelevant. unless uspr trades in canada, which it does not, they should never mention 43-101. period.
it's not complicated at all.
USPR HAD THEIR ORIGINAL TECHNICAL REPORT ON THE USPR WEBSITE LISTED AS A 43-101 FOR YEARS AND YEARS. THAT'S A FACT. YET THE CANADIAN GOVT NEVER SAID IT WAS A COMPLIANT 43-101.
now, stating that the report they will have commissioned is in some way "compliant" with a 43-101 is very, very misleading. the only entity that can claim the report is compliant is the canadian govt. so some "qualified person" can say what he wants, but only the canadian govt can say it actually is compliant. so it begs the question, why go there at all???
i never said the sec will send a letter
NO FORM T TRADE HAS ABSOLUTELY NOTHING TO DO WITH WHETHER CONVERT SELLER IS DONE!!!
i've stated many times.. if this convert seller is done, there's nothing to say this convert seller may have more to convert...maybe one of the other convert holders of the $1.2 million converts on uspr's books may convert...maybe some of the buyers that bought uspr at .06, or .05, or .04 or .03 may want to sell if uspr ticks up. that's millions and millions of shares.
"artificial low"?? there's no such thing. supply and demand dictates stock price. that's economics 101. it's not "artificial" that there's been a ton of supply of uspr shares for sale. that's why uspr is now .07
forget about the verbal semantics. my question is, since uspr does not trade on a canadian exchange, thereby making a 43-101 report impossible, why would they even put it in their press release???
doesn't matter how they stated "compliant".
if they can't possibly file a 43-101, why mention it at all???
i would leave that for more qualified mining people.
that's pretty much why i said speculation. and i just get worked up when ridiculous statements are made as fact.
more bullshit!!
nobody knows who is selling. it's pure speculation.
nobody knows the decisions the seller makes thereby making past trading decisions meaningless for current trading decisions.
again, nobody knows how much more the seller has left
positive pps movement?? again, nobody knows. maybe the current seller has more to sell. maybe some more of the $1.2 million uspr had on their books on their last 10Q will be converted and sold. maybe some of the millions of shares that were bought in the .06, .05, .04, .03 ranges will be sold if uspr starts to rise in price.
a ton of speculation going on
nobody does.
manxy. most, not all, but most converts have a 50% discount based on the average of the 3 lowest prices of the previous 10, 15, or 20 trading days. so if the conversion was done when uspr was say .10, that means the conversion price would be .05.
$1.2 million converted at .05 a share would be 24 million shares.
again, we have no idea how much was converted, what price it was converted at, and when it was converted. some could have been converted when uspr was .12, and some at .10, and some at .08 etc. we just don't know.
plus, the discount could be smaller or greater. either way, $1.2 million of convertible notes can turn into a ton of shares of a .10 stock.
now imagine if more gets converted now when uspr is around .05. that conversion price would be .025.
no. there was 1.2 million dollars of convert notes on uspr's books on their last 10Q. we don't know how much was converted, we don't know what price they were converted at, and we don't know how many shares they turned into.
you mean like "seller almost done"... "billions and billions"... "mesa's the real deal"... "new management with pane as ceo has done more then all other managements prior to him"...
those comments???
all i know is this stock price looks ugly, there's no idea when the selling will stop, rtc has filed a lawsuit against uspr... and management is silent. that sums things up.
i think we can put the "the seller might be done" comments to bed for a while. clearly, he ain't done.
A. i'm not the one bringing up the convert seller maybe being done. i just correct the mistakes.
2. it's been over 2 months since uspr announced their initial results from their drilling. one would think maybe they would have progressed more by now. guess not.
maybe their new lawsuit got in the way. maybe they ran out of money to continue drilling, or maybe they ran out of money to further prove what they have, or maybe they needed that money to hire lawyers for their new lawsuit.
either way, the only constant here is there has been, and still is, a very large seller of uspr stock.
again, it's not a settlement trade.
and none of us have any idea how much selling is left. even if he is getting down towards the end of what he already converted, there was $1.2 million in converts on uspr's last 10Q. none of us have any idea what has been converted, what is left to convert, and if/when it will be converted.
uspr may know what was converted, but they haven't publicly said anything.
bullshit.
first, it's not called a "settlement trade". settlement is T plus 3 days. not after hours.
second, there is no absolute when it comes to trading/selling. just because a seller has done things one way is absolutely no indication of what he is doing or how much he has left. stating anything otherwise is extremely misleading.
third, if/when the convert seller is done in no way means uspr will trade back to "proper levels". how many millions and millions of shares have been bought down here at ,05, .06 .07... 0.10, .11 etc. what's to say those new shareholders don't think there are billions and billions. maybe they just want to flip and make .02 or .05 on their purchase.
and don't forget, uspr had $1.2 million in convertible debt, so maybe there are more conversions happening as we speak.
FOURTH, THIS IS NOT AN ARTIFICIAL LEVEL. THIS IS THE LEVEL DETERMINED BY SUPPLY AND DEMAND. JUST LIKE IT IS WHEN SOMEONE PROMOTES USPR AND IT RISES TO A HIGHER LEVEL. THERE WAS/IS CLEARLY MILLIONS AND MILLIONS OF SHARES FOR SALE WHICH IS WHY USPR IS AT THE LEVEL IT IS TODAY.
we don't "know". it's an educated guess. there clearly has been a large seller. so either someone with a lot of stock wants out, or it is someone that can convert a debt into shares. those are the 2 most logical explanations.
based on the fact uspr has over $1 million of converts on their books, it make the most sense.