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E-trade shows 239mil more 1's
When is the Payout date for the AMDAQ spin-off? Whatever it was E-trade has still not been notified of it as I still have never gotten my shares of it. Contact Etrade they say its TA's fault TA says it's Etrades fault. Vicious circle that any company with some credibility wouldn't be dealing with.
It's going to take something major for this to run. Theres around a half billion 1's on the ask and that # will easily double if people start seeing they can get out. Probably be 2 billion+ @ 2 if it ever got there. With the #'s Wayne's been putting out in the filings I'd be surprised to ever see this @ 2's again. The guy just does not know how to operate a company successfully. He can do Spin offs and backdoor dilution deals all day. But when it comes to generating positive revenue there's no signs of life in that department with UNGS.
Fact any revenue he has ever came up with has cost more to get than what's being brought in.
I initially got in at .0002 But have avg down to .00013 as I thought Wayne may possibly be doing something right with GCAN. The filing that showed the website brought in $209.00 in revenue but needs 50k by the end of the month, along with the fact that the AMDAQ divy couldn't even push this 1 uptick has made me lose confidence. IMO this needs a miracle to see another run. The #'s have always been in the red. The CEO makes his $ off selling shares not operating successful cash generating businesses. Guy is a master of deception and dilution. Still waiting for Mar 31 2017 to sell my GCAN shares. Or how about Oct whatever it was for the paydate of the AMDAQ divy that's still never shown up in my etrade account. UNGS is a joke.
The only news coming is about more dilution to the shares so that Wayne can afford to pay himself.
Yep. That and operating cost always exceeding any revenues. Enticement of worthless Divy's don't even give it 1 uptick. Can't sell this crap even if a stuckholder wanted to. This is going to be stuck in the mud until Doc finds a way to start making revenue, or it's delisted.
I spoke with Etrade today they told me they are researching the issue for me.
Test came back the oil they thought they found was just a sewer line. Poo for everyone at UNGS.
Me too. Have you got the AMDH divy through Etrade yet?
That's 4 x the amount of revenue GCC brought in since opening. We're all going to be rich. lmao
Whats it matter if it goes to no bid before we can trade the shares that many of us still haven't received? I wrote the TA and asked what the holdup between them and E-trade is? I got the same response I got from Doc last time I emailed him. No reply!
It's going to take a miracle to get this moving.
You said it yourself "Sometimes they take-off and run for no apparent reason" The upticks in AMHD could easily be explained by this much more so than Doc Andersons involvement. Seems to me this guy is the exact opposite of a golden goose. Instead of laying golden eggs, everything this guy touches turns to poop.
If AMHD was so great then when the record date approached it should have given UNGS some gas to move. But it didn't. Not even 1 uptick. GCC divy gave UNGS upticks because people believed Wayne would actually finally get something going. His PR's about doing DD for more acquisitions was obviously complete crap as no acquisitions ever materialized and no updates about the DD was ever given. I feel he is ruining it just like he did his marina plans. At this time I believe the wording about potential acquisitions was used to simply sucker people in with no real goal of being successful. For Wayne to somehow get involved in a grow house, dispensary, or anything that will ever have a ROI is an extreme stretch based off the latest filing. It says the company needs to raise 100k by the end of the year to continue being operational and an additional 500k+ by the end of next year. There's no way with things the way they are that GCC has a chance of raising much of any of that without extreme dilution. No way in hell will that $ be raised in sales within the next 40 days with them only having $209 in sales so far. The 600k is chump change for what it's going to cost to actually get involved in a grow house dispensary or any such similar thing. IMO something of that nature is the only hope of getting any ROI, and judging off Wayne's past I think it's safe to say the realization of any such thing the odds are stacked highly against it happening.
Obviously you did not read the whole 10Q. Here's all the excerpts in regards to advertising...
"2. Advertising- With the development of the GCC Superstore, the Company will place directed advertising throughout the online store. Advertising will originate through Google AdSense or direct-advertising sales by the Company. The company will also use social media outlets such as Facebook, Twitter and Instagram in an effort to attract customers with product specific advertisements or posts.
Advertising Costs
Advertising costs are expensed as incurred. For the periods presented, we had no advertising costs."
So the truth is Wayne has done very little to advertise and has spent 0 to do so. Read the 10Q before telling me my statements are not true.
What choice do we have at no bid? I would like to remain hopeful. But very skeptical after the GCAN filing. The company can't cover the cost of Web development without major dilution, let alone pay a 500k annual salary. Love how the 10Q filing says the company has no code of ethics, and no advertising cost. $209 in revenue really makes me question Wayne's ability to operate a successful business. I suspected maybe a loss initially. But never expected a complete water-boarding to the investors...
Not even sure what to make of it.
:(
"We estimate that it will cost approximately $50,000 annually to maintain the proper management and financial controls for our filings" only $49,900 away from being able to afford the annual filings. That's if you don't count the cost of operating expenses.
Even if FINRA gives us a ticker and trade date there's no guarantee we can get a MM to make it a reality.
"There can be no assurance that a market maker will agree to file the necessary documents with FINRA which operates the Over the Counter Bulletin Board, nor can there be any assurance that such an application for quotations will be approved or that a regular trading market will develop or that if developed, will be sustained. In the absence of a trading market, an investor will be unable to liquidate his investment except by private sale."
I don't want to seem like a negative Nancy. But this filing is kinda depressing. Wayne needs to hit a home run but seems to keep striking out. Guess he keeps getting to bat. RME...
Sure wish I would get my AMHD in my E-trade account. It would be a Thanksgiving Day miracle.
Funny cause the orders keep getting filled!
I still haven't gotten AMDAQ from e-trade yet. I'd like to see more out of TT. Looks like most the youtube vids and info on their official website is from 2011. Not sure what Wayne's plans are with everything. But finding a use out of the TT technology I'd think would be far more beneficial than trying to revamp it's brand to encourage sales for them. I can't imagine their equipment being cheap and obviously there's not a massive market for it, or they wouldn't have been so easily obtained.
UNGS Anthem
Has anyone who uses Etrade gotten the latest divy? If so how is it showing in the account does it just show the cusip Id#?
Hopefully us at e-trade will get ours in a week or so...
So if I sold 1 share right now at $5 since there's not many shares being traded and that would be the last trade. Then that would make the pps $5? Like I say until the shares hit the market there is no real true value established and the shares are only worth what a person is willing to pay. So the pps is not rising or dropping. The type of move Wayne made at .02 for shares to finance GCAN is not uncommon in the OTC world. Initial capitol has to come from somewhere. The party that bought the shares at .02 obviously thought there was something there or they wouldn't have paid the .02 for them. It's all a matter of what happens next.
You're basing the PPS off of a private offering that was done for financing. If they take that financing and turn it into a dispensary, grow house, or any other means of real revenue they will have no problems IPO it at the .25 If they don't do anything more and try to IPO it as is, you are probably right that it will be at trips quick. However, saying that the shares are only worth .02 or that the pps is dropping or falling is not an accurate statement. Until the shares do hit the open market the shares are only worth what a person is willing to pay for them. Most people holding would have a tough time even finding a buyer currently. A true value for the PPS is unknown until the market is given a chance to establish a value.
maybe not!
https://www.otcmarkets.com/stock/UNGS/filings
There is all the UNGS filings. Not in a single 1 does it say the pps is dropping or falling.
No where in any filing does it state the pps is falling.
OTC companies let shares go all the time for less than the initial offering to begin the process of raising capitol to fund future endeavors. You say the .02 pps is falling where's the evidence of this?
I agree. I think Wayne is going to hold the GCAN shares up until more gets done. I think with the website alone it may have a hard time holding onto the initial .25 offering price. If he can get some form of acquisition done there before the shares begin trading it may give it a fair shot at being something big. With it all being initially started in 2014 I think Wayne is taking his time with this 1 to make sure its all done right.
I think there's still a lot of hard feelings about the last RS. Those (although normal in the OTC world) seem to be a tough pill for a lot of investors to swallow. I've been through a few and the burn hurts especially when after it happens pps plummets back to the same price it was at before the RS took place.
I honestly think 2017 has been the most productive year ever for UNGS. Only time will tell if that turns into positive revenue. I think the lack of revenue has been another issue that has lead to many having negative sentiment about this stock. From what Ive read throughout the history of the company they have accrued losses to the tune of about 10 million (again not uncommon in the OTC world). Up til now I'd say Wayne has had several chances to bat and seems to strike out a lot. However if the team can keep digging away and Wayne can hit a home-run in the world series all his strike outs won't mean anything. If a person fails a ton of times and loses 10 million but then hits a home-run and makes 100 million no one will remember that persons failures.
It really does not bother me that people have negative opinions or want to claim this is a complete scam. Just wish rather than saying it you'd provide something factual to support your claim rather than just claim its factual and give no evidence. The only evidence Ive seen anyone provide to support this is a complete scam is their word that they say so or the fact that there has not been massive revenues. Neither of which make it a scam..
IMO, Just a matter of time. If you are right and he is just a share selling scam artist, then why would he not want the shares released? I think Wayne wants it to be done right. I think rather than just release them now as a mere shell company with a website Wayne wants it to build it into something that's headed for a much brighter future.
What's happening next? Will it be the DOR for TTech? The AMDAQ shares showing up in our accounts, Or GCAN's IPO? Wayne seems to be keeping his schedule full of exciting things for us longs. Maybe he has more surprises for us. It will be great to see what all else he has planned. I love my UNGS shares.
3-5 business days have already passed. The TA Wayne is using does not seem to be on the same page as to when they will deliver them. Judging by the last divvy, I would guess 3-5 weeks to be a more accurate time table for having them in our accounts. Regardless I'm sure we will get them. Lots of good things happening. Only a matter of time before the pps begins to reflect all the progress being made.
No one knows as there has not been any date release for the IPO. Seemed like there would be a 180 day hold From the time the S1 became effective? Im not 100% sure on that. But if that's the case, that should fall off sometime in Dec. or Jan I would imagine. Hopefully trading will start by end of this year or early 2018. May be delayed a little longer to allow the company time to push the IPO.
Mumbo Jumbo with no facts. Please list any other OTC company where the toxics took over or the CEO actually cared what ideas they had? Without serious legal litigation, I don't think it happens like that. Wayne is getting things done and I believe he will find a way to make this successful. If not every OTC company Ive ever seen don't sink then just transfer to the toxics. If it fails the captain goes down with the ship. BK and delisting will occur long before the wheel to the ship gets turned over to anyone else.
Soon as Dor for TTech is announced I'm going to be doubling down early for it. I think Wayne is going to feed us a steak close to the DOR of TTech and this is going to start it's climb.
I do not think that the fact that the guy was misquoted means it's all a scam. If it was a complete scam, why would the guy have cared at all to tweet anything to rectify the misinterpretation? Obviously the guy has a lot of faith in the Ethereum network regardless of if he was misquoted or not.
I read the whole thing and seen the tweet he posted. (It's right below the article). Regardless if he is right Ethereum could be huge. The puzzle pieces are being put together nicely by Wayne. Eventually everyone will see the whole beautiful picture the pieces are making. I do not expect change overnight. But Longs like myself have a ton of stuff to be excited for.
Wayne may be doing things to put UNGS on the map. https://www.yahoo.com/finance/news/ethereum-replace-visa-couple-years-191653647.html