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Nearing end of quarter? I can't help noticing the better PR's always come out near the end of a quarter. True or fantasy or whatever. In this case even if the ink actually dries it's too late for Q3, perfect timing. Any tangible results would be Q4 not reported until end of March Hmmm. They probably figure they just gained 6 months of good feelings to tide things for a while.
I will be glad if they pull this out of the toilet while I still own some, but that is already a lot less than it was and sold at higher prices than this.
I'm a new bag holder if that helps. I couldn't figure out why the supposed "fundamentals" don't draw a higher PPS.
I figure the $13M cash at least puts a floor around .65 unless it's all crooks and cooked books. I'll find out either way.
When I subtract previous Q's from the K to get implied Q4, I see some things to like here.
Q4 Rev up 4% year/year even though price of NatGas down almost half.
Gross margin improving for six straight quarters, tripling year/year Q4 to 0.36%. Granted not good enough yet, but consistent, positive trend.
They reported assets greater than liabilities, first time ever. Through dilution sure, but I'll take it and I am still buying.
Look forward to see what/any impact from the coal mine Q1..
Krysti, you made me download the 8K and of course you are right as usual.
The deal started as $500K cash plus $2M stock, then bumped to $700K + $2M. Rainco funded $50K initial payment to the coal mine and later $96K as part of the increase in cash. Reasonable to assume they will or would be involved the remaining of the $700 also since UBRG doesn't have cash.
As I read it, the $2M stock will be Common stock dilution at a 20% discount. At least it's not a 75% discount!
I love UBRG, as spec of course, just hate some of the PR's and wish I knew T&C's of the progas or what's going on there.
Sam
Joro, you know that writing from Ali was a month or six weeks ago right? Written yesterday I would agree with you, but in UBRG world last month might as well be last century.
Expanded clarity of the Progas partnership is what I would like. What is UBRG's commitments and liabilities, for what duration,and what is their take and in what form exactly? How much is NDR supplying from that right now?
well said
The key is just in the gross margin, nobody can survive on 0.111% and they do not intend to. IMO, they have good credible means to improve the COGS substantially. Probably not in Q1 results, but I am hopeful to begin seeing signs of margin improvement in the Q2 results.
In the meantime, warning that a $0.06 pinkie with a dubious past life is not investment grade, should go in the big DUH bucket. UBRG is a good trade for traders and a great lotto ticket for me.
For me too, well said Lucky.
Trying to resurect from a dormant pinkie cannot be fun. Maybe they should have started fresh, new company and IPO and all that, but good for me that they didn't. Amazed and impressed that Vince and Ali continued to take direct calls and never hide out through all that.
I don't think anyone can start even guessing about what price the stock deserves until PR updates and Q2 results at the soonest, actually more like a year but continuing new deals and intents could keep it all out front of our guesses for years. But that 10K was nice to put a nail in the scam/noscam debate at least, and whatever the fair price I am pretty sure it is not $.07! JMO.
Good work UBRG. And Revenue-First Profit-Second thing always worked great in my experience, even though a lot of people and even business people don't get it. That approach caught my attention since it hit close to home, and eventually led me to start buying in the first place.
Whatever day they come out I hope it's right in the middle of the session- blow the daily short attack out of the water just for kicks.
Krysti, what's your take on UBRG seeming to claim all NDR revenue as if their own? The principals might own a couple percent and have effective control, but if the company itself owns less than half I don't understand how they could claim the numbers. Anyone?
Agree with you, this whole endeavor still a lot of work in progress. The 10 K/Q coming out might give a nice pop but as far as I know they just hope to show diminishing losses- and evidently a onetime MA benefit in Q4. Operational break even is still on the horizon, obviously JMO.
And I still love the gamble and still holding. We can all rattle off a few dozen other names trading much higher on much less reason.
Undrdg, you don't need to slam my DD. I was talking about my opinion of whether there were penalties around late/slow filings, nothing to do with their PR or "several weeks" statement, which I do take fairly literal.
If you want to slam me I'll give you better ammo right now. Imagine for a moment if the company is legit, well intending and no slam. In that case they need to trade these new shares now for real property, and those negotiations for an exchange price are going to have a lot to do with current PPS. The recent pump PR's may make them look bad because it's what all the crooks do, but if they would have worked, to get the price as high as possible even temporarily, would have been to their and our (holders) benefit. You could make a case that they have a fiduciary responsibility to their shareholders to run the price up as high as possible as quick as possible to minimize the dilution.
Lucky, I don't know the legals but I've seen it enough with plenty of companies that I don't think there is a penalty or much of one. And for that matter wasn't the NT-10K to extend it to 4/15 to begin with, not 5/15?
Anyway, all IMO. I'm still green and still long, and don't believe it's a scam.
I personally doubt 10K by the 15th, and not worried about it. My bet is we see an extension request for the Q1 by then, and then both annual and quarter come out later but by the end of the month.
wrong symbol I mentioned below. I meant UBRG not OOIL. I do have a little in OOIL but not expecting it to do much until next year. UBRG has me hopeful, and my money, in the near term.
Earnest, not just you, it's JMO also. I thought they were intending to complete the 30-day back in December but it keeps pushing out and pretending otherwise. I thought they had contingency funding lined up to do it, and for the hopefull bigger rollout if successful. But the seemingly underpromise/overdeliver success of 2010 seems replaced now by endless waiting, no explainations, just withering. Really it takes a year to get the acceptance testing done?
I pretty much gave up and got out already. This starts to look too much like their one-time partner VCTZF- a claim of great product that never actually sells. I hope GGRN is still legit, but the combination of not knowing either way, and the risk of test failure putting them out of business, I am happy watching from the sideline.
Don't I see you're name on OOIL board? Now there's some promise, IMO, that's where a lot of my GGRN money has gone.
Hydro, I've enjoyed your input- enough now to actually register in order to thank you for your posts and your bridge to corp in these murky prior months that have had more questions than answers.
I've been mopping it up in the .035-.045 range, every since I realized the pump/dump turned into pump/pump and the PR's have been coming true for the last year. I have no intent to sell at .06 or .10 or anything remotely here.
I enjoy the new gang too, bringing a new lingo and dialect to the board, I am learning. I hope the day traders leave a couple shares on the table each time they sell, but either way I've got to thank Hydro for all the community service.