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I very much agree Critter. I am a fundamentals guy forever and like to buy things with something to support free fall to nothing land. I have more cash in my daughters college fund than most of the OTCs could come up with short of diluting their stock again. I would be very disappointed if this merger doesn't close, (and there is absolutely no hard evidence it won't).
Bottomline is just as you say. Clean shell with millions in cash. Only a complete fool would sell for a big loss in the trips even if the deal don't close. UNGS is in much, much better shape than they were last time it traded near 10. I don't invest in OTC what I can't let ride if it makes sense, and in does even under the worst scenario I can imagine with current info.
I've seen OTC with a PIC of a $500 pallet of energy drinks and a bazillion shares O/S sell for around this pps.
Where were they when we were buying 20s lol. I might have appreciated a short term sale then lol. Now they want to move in on my UNGS profits after I endured the months of waiting. Oh well, the OTC is tough business lol.
90 West
I think you are right, but it has morphed into UNGS must announce the merger Friday in the minds of the rumor mill. They don't have to announce a damn thing that isn't legally closed. That seems obvious to me.
Our "friends" will be back Friday to incite another selling spree, and then buy their 10s for a three tick flip. Doesn't matter in the end, but I don't need my angry responses deleted all day lol.
"I don't think they have to do anything by Friday."
I completely agree Hippo, but I keep reading of this "5 day deadline" on this board everyday. It's pretty clear we were not able to sell our oil assets on schedule. You can't file something that is going to happen tomorrow or next week.
Personally I think we are going to see the oil assets closing, and then a merger closing some time later. Hours, days, a week, hell I don't know. Three or five million dollars worth of oil field assets is a show stopper for Signifi. It's not a sector they want to be involved with IMO. $5M represents their 2014 Sales Revenue. I think the oil wells are being paid for this week at best. (See BAYP board for an update)
Anyway, I say the are under no requirement to announce they blew their 90 day merger prognostication. To me it's obvious they did. Am I making any sense? It sure sounds reasonable to me. I'll make no investment decisions just because it's Friday.
We need to be prepared to answer the Friday deadline question, or not, and we'll just have another panic sale. If not I've got some dry powder and have been trying to buy 12s for days anyway :)
GLTA
"Not gonna lie I had no clue I woulda been able to grab 0012s again. Not complaining!"
Few of us expected it or we wouldn't have gotten in 20ish these last few months. I missed the 12s today but will be there tomorrow if any other large sellers want to push it there again.
If there were a "like" button here I would click it twice. You get it. UNGS succeeds if it runs way past whenever we decide to sell. Good for whomever has them courage or wisdom to stay longer than me if they make a better decision.
Pay attention before you hit the BUY button.
I've had a .0013 buy order in most of the day, for 500 shares lol. I'd be pizzed if that had executed. Still feel like an idiot. :)
We always shut our website down on holidays or weekends if a major upgrade is planned. I'm a US GOV employee, holiday and weekend upgrades least amount of interference with our otherwise highly efficient operations.
.......... that last part was a joke :)
Let me tell you something you already know. Trust me some of these roaches are already very long, and some of the rest of them want to be soon if a noob will shake out. This thing trades thin enough at times to allow their strategy to work and cause somebody to dump a milly shares or even less to move the pps for a 15 min swing.
Noobs hold your shares tight if you've done your DD and know what you own. Otherwise sell them to somebody who has.
Go UNGS!!!
I'll settle for 13s, then I'm all in and I really mean it this time :)
No 12s and a green close works fine for me too though.
UNGS news soon is going to make a lot of people very happy!
The entire MJ sector isn't exactly tearing it up at the moment either. It's hard to watch if you are long but IMO our news will come soon and none of this current pps action will matter at all.
We'll see if we get our usual lower volume mid day hit or not. And more importantly or if she bounces green into the close. Most anybody who believes news is coming this week will not want to be sitting with no position overnight.
I really think these are all good down here. The longs believe these are heading for pennies. Channel traders know these are cheap enough to trade here for a profit.
About as low downside risk as any OTC will ever be in the mid teens.
Indeed they are, but I already have plenty of those :)
That sounds good guys, but I was trying to get one more order of shake out cheapies today and you're messing it up lol.
He said he was back in if it went 0010-15. Sadly it did Friday. He's out of his cubicle and back in the UNGS family again. :)
.... throw the chart out the window at this point.
For the moment yes. I am a fundamentals analysis guy and run the numbers when financials are available.
Fear and the manipulation that usually capitalizes on it will likely rule the next few days. UNGS can solve that if they choose too. I see no advantage to anyone involved for this to close in the trips so I remain confident.
Scared investors feed the successful investors, MMs, and sometimes even the insiders. We shall soon see how this ends.
Hippo
Technical Analysis is a very valuable tool. But for periods of time, fundamentals, fear, rumors etc can and do trump TA. Fear caused by no news at a deadline is firmly in play now. Charts don't mean anything to me this week as all I see is ugly. All which can be solved with a PR from UNGS. Th e current pps is only valid now if the mergers is off, the oil assets aren't sold etc. Somebody show me ANY evidence this is the case and I'll change my outlook. We had an update about 10 days maybe? That isn't exactly silence from UNGS. PRs are not free.
This stock is now priced like an OTC with billions or shares O/S and no viable future plans for profitability. TA aside, it looks like a real safe short to medium term buy if it drops anymore at all. I said I was all in, but I always keep cash and I am very tempted to provide some support tomorrow.
"If no 8k by the eow then this is a scam. Need that 8k to verify the sale to bayp"
I mean this with good attentions stark....
I recommend you not make hard investments decisions because you THINK you have calculated out some hard drop dead date. Yes there are regulations. And there are also exceptions to them in the market on a daily basis.
What really happens to an OTC stock that misses a paperwork deadline by a day or two? Nothing is what happens.
I'm not telling you to follow with blind faith, but I highly recommend you not believe you got things calculated out precisely, cuz you don't, and neither does anyone else on this forum. Learn this or you will buy or sell too early or late until you lose all your money.
I really believe it is Hippo. And I believe more folks are going to panic if we don't get some news very soon. Like to say I've never been shook, but it has happened to me a few times over the 25 years I've been investing. You always kick yourself, and it usually is only a couple days later. MMs won't steal my money again as I do my DD so I know what I own.
I think it probably is too. It's a good sign though. At least it appears we actually had oil wells and equipment to sell to somebody else. :)
I'm OK with him dressing himself up like Madonna and posting PICs if we hit a nickel. :)
Yes to news this week, and hopefully merger, but at least some clarification of where we are in the process. Intent to merge is long announced so I don't see any "quite period" reason to not spring for a PR and not let this thing get trashed for an extended period of time. BAYP urrent activity makes me believe we get paid for assets, but I really don't think the money has exchanged hands and I truly believe that is what is holding up our merger closing. All IMO. We're good, we just don't know the exact date yet.
Signifi won't have the OTC smell on them, (at least initially lol). Their web design is outstanding and I can see them making full use of it to launch PRs to the shareholders at very low cost. Point being I think they will be transparent enough, and look like a professional company that shouldn't trade for a couple pennies.
Wow! You own 47 million shares of UNGS? I'm a little player at under two milly, but it represents most of my OTC allowance.
Are you the same guy that posted this Friday?
"Just spent my last 25 bucks to buy 10000 more. Gonna be worth it when that 25 bucks becomes 500 when this hits .02"
I'm a little confused now. GL to all of us in any event. This would be a real good week for some news.
Before somebody jumps on you for being a basher......
I know you are in this pretty deep like many of us here. You invested in a CEO you don't trust at all? Do you have any specific past information you can share here to justify what you just posted? I've only been around UNGS for a few months.
You forgot to warn us about the SEC trading halt, Synifi bankruptcy, Doc Anderson's indictment and MJ is outlawed on Monday. :)
"What would they do with no oil assets?UNGS$$$"
Not make profits like all the other OTC stocks? :)
Seriously though, they would be a clean shell co and pursue another merger partner. Point being your investment is not going to zero. Don't want to think about that though. A little near term gratification is what we need!
LMAO, come over to our board talkin some more trash and Flex will take you out behind the shed again. :)
Trim
I don't know how you could get an 8 year old to invest in the other MJ plays if you let them read their board or websites for 10 minutes. How they aren't all at trip zeros months ago I truly do not understand.
Agreed blindman. The volume x recent pps math simply does not support a pump. Not even close to enough money to risk having your assets seized and going to jail.
A bit off topic but...
The SEC does appear to finally be busting heads and it is going to accelerate IMO. They'll never cleanse the OTC, but I do think they are watching closely and conducting investigations. CEOs and BODs know they are on the radar if their stock launches to the moon and then quickly crashes. I have discussed some OTC stocks with paid PR companies very lately. They were VERY careful to stay legal with their words, and how they conduct themselves. They also made it clear who was paying them. It was refreshing.
Well stated Flex. If it's a scam, it's sure an elaborate one. They went to an awful lot of expense and steps over the past 5 months, even implicating a Canadian company that gives the appearance of complete professionalism on their website. Sylios merger and future company direction is posted all over their website. They sure appear committed to this, even if it takes an extra month to close. No other OTC is going to slide in here and close a deal in a week so I think they are waiting just as we are.
And the payoff for the alleged scam is to dump shares on us at .002 instead of .001? That makes zero sense. They could accomplish that by merely dropping a few hundred bucks on a couple PRs several times a year.
I think all we have established so far is that UNGS is not as efficient at this as a company on a larger exchange that acquires companies on an annual basis. Even the big caps frequently miss closing dates.
Anyway, good weekend to all. Our news will come soon, and it won't take much to pop us north of 20 where most of our investments are in the green again.
................. Seems like all of the buying or even trading in general for this stock could easily be attributed to only this message board. My expectations too high?
Darth, as you already noted last night you may not be that good at beer math lol. :)
Keep in mind this message board is full of UNGS longs that have read the DD for months. We believe this biz plan (and O/S count) FAR exceeds the upside potential you find with 98% of other OTC stocks. Most of us have been all in for awhile and not trading it much at all. I threw up a decent buy at 16 yesterday, but I think most here are tapped out.
In my mind the bottomline is Sylios threw out some dates. They missed them, and have been silent for 10 days. Many penny stock trading services hyped this as a short term deal. Over and over I got spammed with buy UNGS tips this past month. It didn't happen for them in a day or a week so the crowd bailed weekly and moves on to the next "hot stock tip". Anyone who refuses to do any DD before they buy you will run scared quickly. What else are you gonna do when you have no idea what you own?
Anyway, if the deal closes Sylios has value far exceeding current PPS. You could do the math using Signifi revenues if you are confident in the O/S count for UNGS after the merger. I don't think we truly know that number at this time.
I'm very confident there will be news soon. They put way too much effort into this to date, and there has been no big pps run up which would signal pump and dump. Pump a stock from .008 to near .0030 very briefly??? Most of the time spent between .002 and .0025 on modest volume. Nah, that is not a pump. Not even close.
Sorry for the ramble.
Ha no margin account for me bud:) I am about tapped out for OTC funds.......
Critter
Sounds like a disciplined investor from here. Margin plus extreme volatility is a good way to put yourself out of the stock market for a very long time. I learned that one the hard way about 15 years ago, in stocks nowhere near as volatile as OTC.
Although I really think the patient get out of here with a decent return, next time I too will spread my OTC allowance out among more stocks, no matter how good the story is for one particular company.
That sounded good Critter. Don't worry about the dry powder. You go get yourself all margined up on Monday morning buddy. :)
"To say this pps drop was due to the merger not being finalized by midnight 7/31..."
Darth
This was some of it. I knew the deadline would not be met so I cringed when I saw that numerous Penny Stock newsletters calling UNGS the play of the day or week for some time now, practically promising the announcement of news in the coming week. Many don't do their DD so they are not staying long when the story doesn't play out right on schedule.
I think UNGS will be fine for the patient. We need news soon. Online newsletter hype, technical analysis, and "Go UNGS Go! BS hype posts on this forum will no longer move the stock far IMO.
If this were two typical sleazy OTC companies in a merger I would accept that as very likely. With Signifi in the mix I don't think so, but that is just my opinion after researching all I can. In any event, we shall see in the near future if it plays out as you describe. Been trading the Naz for decades and I still have my money so I'll be OK in any event. That said, the OTC is a far trickier game for sure. I do expect rough waters until some news or explanation is released.
"Did anyone really not think this would hit .0012-.0015 before it runs up to the .0030's again?"
Yeah, after a month of solid support most of it thought it would not hit 12 again. Our bad.
Thanks, that PR states "scheduled". I'll just have to trust it happened. BAYP financing sounds like it hasn't happened just yet and that is why I wanted a definitive closing occurred.
Here's my confusion.
http://ih.advfn.com/p.php?pid=nmona&article=63106417
Reads like intent to close the deal soon and dated 31 JULY as far as I can tell. If you have something more definitive please share the link.
"The BAYP deal is done. It's been PR'ed as finalized."
Post it please. I think it was PRd as we are planning to pay them real soon and then the deal will be done.
"8 days from announced merger date.... We be fine... Wouldn't be surprised if today was a shake n bake and next week we turn a page. All IMO."
OK, and what happens if some material issue remains that was agreed upon between Sylios and Signifi in their LOI? The obvious potential issue is UNGS still legally owns oil wells today as far as I know. Not that I even know that is a deal stopper, but for the moment assume it is.