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Thanks Mastertrader, I'll get right on it and eliminate the dribble!!!!!!!!!!!
Thanks for the help.
Snowcat
Well thanks for your advise to Mr. Mathews!
understood blackhawks!
Do you think we should all sell and get out?
I would think this is good news, but we better run it by blackhawks. Is their a way to get production numbers from your source?
Thanks again!
Thanks for taking the time to do this. Appreciated!!! Do you have a date of this statue report? (current?)
Thanks,
Snowcat
Why would UNGS go into the dark. (form 15K) Now Blackhawks you come up with the negatives, your good at that.
Some good reasons would be:
1. Shareholders continuingly bring down PPS so why fight that if you are about to release some good news. Shareholders have not been helpful to the value of UNGS. Why would Wayne want to deal with folks who are not in the know.
2. Buyout of course.
3. Prevent news from getting out until your ready. The news impact needs to be big in order to get out of sub-penny land. Need more time to make it happen.
4. Short sellers?
5 The 10Q was not helping anyone except making the auditors richer. Use funds to build revenue.
Now Blackhawks you should have a lot of fun with this one. However why don't you think of just one good reason how this could benifit UNGS. Have fun with this one!!
Snowkitty
Admin fees? Do you mean the ceo pay increases or did I miss something?
Thanks snowcat
Wow!
Nice that we can still have a sense of humor, would you not say?
You mean the 27 wells purchased did not happen? (February 28th)Stervc DD suggests other wise. It shows seller & purchaser (E-3)
on the report.
Hey Blackhawks,
I agree with the flipping. makes sense. 40 million shares is a pretty small percentage of the outstanding shares (plus dillution) so maybe folks have been accumulating.
I cannot imagine all the positive growth in the last 6 months "is for not", especially the most recent aquistion. Anyway, it sure would be fun if things would work out. Hope we hear something soon.
Regards Snowcat
Hi Terry,
I believe that is a good point. However their must be enough news getting out to have the interest that UNGS has.
Regards,
Snowcat
Simple! Cost to produce these numbers. Remember this is a exploration company and not a big player. As a small business owner, I can understand putting the funds to better use. Makes very logical sense to me! For example being, paying down debt, buying shares back, purchasing aquistions.
The issue is trust! Are all pinkies corrupt? Certainly their has to be some that are not. (I hope) I believe ungs and Mr. Anderson is looking out for our best interest because his interest is our interest. He owns lots of shares! Why this board does not respond to this "fact" is beyond my understanding.
Would it be in his best interest if pps went up.........I think so!
So getting back to your question, it is a matter of how best to spend the funds in a responsible manner? Maybe you would do the same........!?? Its all about trust or not. Its a choice.
Best Regards,
Snowcat
Thanks for the reply. If they do give us a financial update, it will be interesting what time frame it will cover. Especially if we get 1st quarter 2012 or not.
Regards,
Snowcat
Thanks for clarifing. Appreciate the help. I was under the impression that they still had some filling requirements.
Thanks again!
snowcat
I do not consider the delay a bad thing.
Would this be year end Financials? How much will the numbers cover recent events? Will it cover 1st quarter 2012?
I believe when the time comes, Mr. Anderson will not let the cat out of the bag until he has the most leverage to move pps. Remember he owns a lot of shares himself.
I would not at all be surprised if ungs requests a delay in reporting of the May 15th deadline.
Regards,
Snowcat
Could'nt these trades be from MM who are trying to cover their naked shorts? We can sell but we cannot buy.
I am very impressed with those who have kept this board alive. I will never sell my shares, at least until it is trading again. Good product will see what happens.
Snowcat
Let me be the first to make a post for May. Soooooo glad I got out of this stock. The boys gave themselves nice pay raises up to 240K a year. Looks like the last 30 days the stock has dropped about 66%. Now tell me how can two CEO geniuses who make 240k a year let this happen. Maybe the pay raise sent them on a little cruise or something. GeeeeeeeeeeeeZ
Did I just witness a 30 cent purchase to bring the pps down to 0003? Someone has a interesting sense of humor.
I believe after the July audio communication and the recent acquistion brings the Natural gas wells to 120ish and oil wells to 80ish All may not be producing of course.
Snowcat
The DD in the last month or so from Steve, Mastertrader, and forgive me, their is someone else has been very complete. We all have drawn conclusions from the data these folks have collected.
Why don't those who doubt come up with some of their own DD to support their conclusions?
Why is "all" the DD coming from only those who believe that ungs is a good thing. Come up with your own DD so we can review your opinion based on the facts we do know. Lets see it!!!!!!!!!!!!!!! so I can understand your point of view.
AGREEDED!!! Stop thinkin small! Support the value!
Thanks stervc for taking the time to review this. I hope this all to be accurate! Exciting news.
The answer I believe is nobody! We are being played by someone.
Just a thought,...probably wrong. However, So they do not have to share the value with the likes of us. Discourage us! Use or money and get rid of us. Hope I am wrong.
????????? Revenue is a concern as we all know. With the recent acquisition of the 27 wells (oil?) on February 28th (assume some are productive or why would you buy?) and add this to the total wells which are currently owned, how in the hell can the pps be .0004? Dulition?..perhaps..but I don't think so.
You have to wonder, if the powers to be our trying to shake loose our shares. Keep the pps depressed on purpose perhaps? Some thing is not right here. 123 natural gas wells & 80ish oil wells and were .0004? I don't get it!
Regards, snowkiddy......meow............
Does anyone have an accurate count on the number of oil wells after the acquisition of Feb 28th. (E-3) I believe we are in the 80ish number of oil wells. Of course not all are in production, however with new technologies they have potential!
Regards,
Snowcat
I believe you have pointed this out before.....and thank you. I guess it is all we have to go on. They were wrong last time. I guess we will wait and see. May 7th is Monday. Thanks for info!
Regards,
Snowcat
how do you know that?
Hey uneasy, your kind of thinking makes me very uneasy. The stock is plenty cheap enough.
In regards to other comments, the pps value and the book value of ungs are two different things, when it comes to solvency.
You could also have a company making a profit, but the stock pps is worthless because of shorts or "uneasy" stockholders who keep driving the pps down!!!!!!!!!!!
Then the pps gets beaten down so badly that when/if the company decides to raise capital they have to dilute the stock so badly just to raise significant capital.
I have said it before this stock should have never-ever went to sub-penny. Their are junior oil companies out their with no income that are not sub-penny.
Mastertrader this appears to be an excellent find. Way to go! This confirms ungs PR's of the February aquisitions.
This is what troubles me about the complaints of UNGS updating stockholders. Based on the PR's: I believe they have communicated pretty well and I do not believe Mr. Anderson is not intelligent. UNGS has accomplished a lot in the last year +. Lots of aquisitions. They are growing, and with growth, comes growing pains. Its never perfect.
My guess is, they are doing what is logical. AND THE BIG THING TO REMEMBER is Mr. Anderson owns a lot of shares himself, he has skin in the game. The only assuption I am making here is that the info to shareholders is honest. I have not been given a reason thus far to doubt them.
Regards,
Snowcat
Goggle dtcc, review chill list, found ungs on it. trying to find if list is valid. Not try to scare anyone.
A 2 dollar trade bring the pps down to 0002. to funny
Certainly we need an update. No one likes dilution. The PPS has been beaten down to nothing. Shareholder can take lots of responsibility for this. Weak hands.
Obviously the less the pps is, the more dilution would be needed in order to raise capital to continue growing. Unfortunitly we do not know what is on the table. Maybe another aquistion, which requires more capital. Maybe they need to pay some folks off. Anyway tough situation we are in. Just a thought.
The 10q states investors, sub contractors, that ungs has been doing business with. I have been trying to call some of these folks to see if I can find anything out. Some pretty big players have invested $$ into this company. Could that many folks been fooled. What is the association with "around the clock partners"?
Just searching for answers! Any thoughts. Maybe we should try to contact some of these folks. I talked to asher enterprises. Very standoffish. Could not find anything out tospeak of.
Its quite possible the shares are coming from subs who were payed with shares of stocks and they are cashing them in. The list is pretty long on the 10Q.
Now darn it! I should have known what ya meant by "D" I scare myself sometimes! Thanks for stating the obvious.
I don't know what you mean by "D" Sorry, please explain.