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My take on this after today is that it just snowballed out of control. Short interest on the float was high but still allowable in my book. Not sure how long it will take to cover the shorts on Monday but it will bounce back - in time. Day flipper i am not so I will hold my position. If any stock needed the bell it was this one to derail today's death spiral. If you lost I fell for you but those who got in low hold tight for a fun ride.
I've seen this a handful of times but not to this extreme. BLATANTLY manipulated by MMs and I got in at .0022 after watching this all day. They did the same thing to LEXG after it tried to pop this week on good news. Huge volume plus a ridiculously low float means $$ next week.
This will bounce on Monday. MMs drove this thing down all day so they can push it out next week and make a killing. No reason for the crash other than MM manipulation
I appreciate the honesty OBE and I feel the same way. Lithium will be the new petrochemical and any company integrated in mining or refinement will be a target going forward. I am long on this stock, which is one of the few that I don't pick and flip. #LEXGTHESLEEPER
I'm in at .0012 and know that I should be selling on the peaks but against typical penny plays I am holding long. A big gamble I know but everything is profit at this point.
When this does it $11, I am going to charter a boat for a week long party where all us "longs" can kick back and celebrate retirement
Where's COPILOT?
News of signed contracts with the coalition + sonicav test results = stupid huge explosion of this stock.
Yep only way I see that these negotiations could move forward is if LEXG has an independently verified sonicav unit. There may be a whole lot more behind this deal, which could be the reason behind LEXG guarding the release of the test results.
Lots of volume based on this news. If we continue to see more frequent releases this thing is gonna blow
Well said. I have no choice but to agree with you but am still maintaining a small position in the event this makes an unsubstantiated jump. I've seen it before -
Yes this stock is not a golden ticket for the shorts. I think of it this way - this stock is either going to take off like a rocket and make those on board a ton of $$ or it will be met with SEC securities fraud charges and I will quietly wave goodbye to my investment. This is a gamble and no one knows what Alex the dealer is holding. Stay in the game or fold - those are our options.
HUGE early volume - ready to run!!!
Up and up go LEXG!!
44.5MM BOUGHT TODAY
Agreed. I only hope that this thing bottoms out below .002 so I can load up more.
Thanks for the heads up - I will sell all of my shares as soon as the bell rings
Agreed I don't have the house in this thing but I'm not throwing it away yet. This company has potential and if not I will learn my lesson from the pilot
Agreed. My take is that there is a lot going on behind the curtain with this company and there is more potential than what we are reading. This is one of those rare diamond penny stocks - been following for quite some time. Solid company - stay long and wait for the news. My research tells me that this will jump from OTC soon.
For sure .02 - guessing it pass .03
What do you mean "no effect"? Volume is up as well as the price. Longs want this to move gradually not spike and dive. Stop shouting and go away.
TayDrader you are spot on. Look back at my previous posts and you will see I saw the same as you. Look back on Alex's other failed ventures and UAT will be another one. I was close to getting on this train wreck just to make a buck but just owning this crap for a day scared me. UATG is the old Spongetech and will be cancelled soon after the SEC gets ahold of them. Fixator was manufactured 10 years ago - research a match for the image on the web and more than one company has it. No FFL for UAT - black rifle market is flooded now and with the elections that market may soon be available to a small percentage of the population. DOD will not even look at UAT without a decade of R&D on a new model - UBR is just a modded AR/M16, anyone can do that and there are enough YouTube videos to prove it.
Agreed. Pretty much any industry that deals with processing high volumes of fluid will benefit from this technology. If they can pull the ultrasonic technology off I will be able to retire nicely. If the CEO is as dedicated as he sounds we should blow by $1 in no time.
Not sure of where we will be short term but this stock has great potential. If they can hammer out the ultrasonic separation and start drilling we will see this thing jump just on speculation. Lot of focus on lithium right now and I like the communication from the CEO.
Is no one researching this company? I am in heavy but am out soon. This company is a scam - the Clearview Wrist Fixation system is not a UAT design. Search the web and you will find more than one company promoting the exact same device. Rigid FX Orthopedics, Inc. developed this device in 2004
http://omnexus.specialchem.com/news/industry-news/ge-s-lexan-hps7-resin-helps-give-new-wrist-fixation-device-exceptional-strength-light-weight-and-6307
As far as the UBR - the market is extremely over saturated with black rifles and the UBR is just another AR-15 and there is nothing special about it. With no FFL on record for UAT, this is just another example of a scam - the company has no ability to manufacture or sell a firearm. The DOD has no interest in contracting with a company that does not have a longstanding history in weapons development, production, and tactical environment testing.
I'm a newbie when it comes to pennies but when it comes to black rifles I have 30 years. I can tell you that UAT does not have a FFL, which means they have no ability to either manufacturer or distribute firearms. Lots of fancy words that truly make little sense in attempts to dazzle investors. When it comes down to it, if they had a product - even a marginal one, it would be reflected by an independent review of the colorful technology they claim they have. They claim they use forged aluminum receivers in the rifles, which makes them so mil spec - yeah airsoft does too.
No agenda other than to tell you I have seen this before. I am newbie to penny stocks and I was going to buy in on Friday after seeing this come up on my radar until I looked into the company. I live in Minneapolis, a veteran and avid gun collector. This is my opinion on the company and I was rolled by SPNG a few years ago. Umbratec is supposed be be trademarked but no record on USPTO. It's your decision where you decide to put your money. I have ZERO money in this stock
UATG is a joke - this year's Spongetech. No address for corporate offices, a shopping mall for their R&D facility and the UBR-16? The UBR-16 is just an M16 receiver with a bunch of aftermarket parts that any 15 year old can build in their basement. The only success I see is someone's ability to creatively photoshop "UAT" on a picture of a modded M16. Who puts a sniper scope on an M16? Oh and look at UmbraTec - do you think the developers of this "thermochemical" treatment would allow their work to be showcased by "lower coefficient of friction" and then again, "further decreased coefficient of friction"? PUMP AND DUMP