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Yeah...that was some great DD he provided.
Financials look strong.
http://finance.yahoo.com/q/is?s=usu
agree.
Reverse splits usually discourage investors. It is not appealing.
That's pure rhetoric, unless you tell us what you base this on.
Care to explain?
Actually, most negative posters hang around because it's hilarious to watch exhuberant posters throw their money away on crappy stocks despite the common sense warnings that are given to them.
Impossible... unless there is a merger or buyout.
Simple math regarding their debt tells us this.
Ignore the posts that blame shorting, there is absolutely no evidence of this.
That would be foolish.
ALWAYS buy as low as you can.
Are you going with your "short" conspiracy again?
Do you know how many shares are currently being shorted?
please tell us?
http://www.shortsqueeze.com
The short shares on this stock have ranged from 100-300 for the past month.
Pumpers here keep claiming that this has been shorted to death.
IMO, these pumpers are clueless investors, or manipulators trying to sell their shares to saps.
If they raise the bid to 0005, sell fast.
You may never see it again.
not me...some other big spender.
the price will jump 50%
But the bid won't. The MM's are too smart to let people profit in this dog.
you should have waited.
0005's will be here next week.
USEC and DOE Fund Continued American Centrifuge Activities
http://finance.yahoo.com/news/USEC-and-DOE-Fund-Continued-bw-2889601722.html?x=0&.v=1
BETHESDA, Md.--(BUSINESS WIRE)--USEC Inc. (NYSE: USU - News) and the Department of Energy (DOE) today announced an agreement to provide $45 million in funding to USEC to fund on-going American Centrifuge technology demonstration and manufacturing activities. USEC will match the DOE funding on a 50-50 cost-share basis. The work will support approximately 355 highly skilled jobs, primarily in Ohio, Tennessee, and West Virginia.
USEC recently announced the start of the Lead Cascade of production-ready AC100 centrifuge machines in a commercial-plant configuration in Piketon, Ohio. The Company has operated centrifuges for more than 338,000 machine hours during the Lead Cascade testing program, which includes both prototype machines and the AC100 series machines. The funding under the cost-share cooperative agreement supports increased operational run-time of the Lead Cascade as well as production of additional machines by USEC’s manufacturers and rotor process improvement activities in preparation for full, high-rate production.
“We appreciate DOE’s vote of confidence in the American Centrifuge technology,” said USEC President and CEO John K. Welch. “We have made significant progress and continue to work hard to address the recommendations of DOE’s independent engineer. This funding will boost those efforts and preserve approximately 355 jobs dedicated to centrifuge machine manufacturing and operation of the American Centrifuge machines. These activities will give us valuable operational data and experience as we prepare to update our loan guarantee application.”
Under terms of the agreement, DOE will provide financial support for this work by taking the disposal obligation for a limited quantity of depleted uranium tails from USEC, releasing $45 million in cash for investment in American Centrifuge demonstration that USEC had otherwise committed to future tails disposition obligations. USEC will match the $45 million, for a total investment of $90 million.
USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel for commercial nuclear power plants.
LOL! You'll definitely know it was me!
This stock intrigues me(though not exactly sure why). I may enter this week as a long-term gamble.
10-k this week?
yes. and your point is what exactly?
New investors? Most investors are too smart(maybe not here though) to invest in a company with a market cap of $52,000 and a catastrophic 8 year chart.
Good luck though.
EM-100 will be making a comeback soon.
olandug, this is an honest company. I've followed this stock for years. They have NEVER mislead shareholders with any false statements or misleading pumping.
IMO, they have no capital for r+d and are mired with dated technology. Income is generated by licensing their product. They need to find newer applications, but competition is spelling their doom.
IMO, the only out for Fonix is to sell their technology, but any proceeds will be eaten up by the banks.
Thus... sell asap
Very good. But couple $223,000 net profit with almost $50,000,000.00 of debt, plus current(though unsubstantiated dilution).
who do you think gets the profit?
fnxc? no
stockholders? no
preferred shareholders? could be
banks? yes
That leaves us with todays price of 0008.
LOL!!! No it wasn't!
If you think that, then I suggest you go back to school, or better yet... read up:
http://www.investopedia.com/university/buildingblocks.asp
You have a lot to learn.
BTW, the current short interest is 124,500 shares. Hardly daunting.
nobody's shorting this. The only people making money on this stock are the MM's. They're playing everybody here like a fiddle.
Nice job Cargo. You beat me to it, I was just going to post the same thing.
Not marketed enough??? He's been trying for years to sell this stuff.
Trust me, if distributors thought that they could make money selling these products, they'd be knocking down his door.
Almost 300 million traded this week and the price has dropped.
Hello?
This reeks of dilution.
People here are being played!
OK,OK... so I was a bit over-exuberant. Sue me. :)
LOL!
Ninja, I'm just trying to bring a small chuckle to this corpse.
GOOOOOOOOOO RSHN!!!!!!!!!!!!!!!!!
Where's chklingon? I know he's with me on this.
I agree.
fur fur, is that your 4M buy?
Are you in with me?
GOOOOOOOOOOOO RSHN!!!!!!!!!!!!!!!!!!!!1
After hours trading currently at 5.60
Could approach 6.00 tomorrow.
This should give us a nice opening gap tomorrow morning:
http://finance.yahoo.com/news/USEC-Takes-Major-Step-in-bw-1686390728.html?x=0&.v=1
USEC Takes Major Step in American Centrifuge Program
USEC Inc. (NYSE:USU) announced today a major step in the American Centrifuge program with the operation of a cascade of AC100 centrifuge machines in a commercial-plant configuration in Piketon, Ohio. USEC refers to its production centrifuge machine design as the AC100 series centrifuge machine.
“This is an important step forward beyond our earlier prototype machines. These are production machines built by our suppliers for the commercial American Centrifuge Plant,” said USEC President and CEO John K. Welch. “Operating these AC100 machines in commercial-plant configuration shows the progress we continue to make in deploying the American Centrifuge technology.
“We have invested more than $1.7 billion in this project to update the technology, to reestablish critical manufacturing infrastructure and to begin construction of the commercial plant. This phase is one of the last steps necessary to demonstrate that the world’s most advanced centrifuge technology is ready for commercial deployment. It validates our supply chain for manufacturing of centrifuge machines and confirms that the technology is ready to transition for commercial operation.
“Lead Cascade operations are integral to our efforts to address DOE’s requirements for a loan guarantee. Our mission now will be to accumulate significant run-time on the cascade while we continue to manufacture and install a limited number of additional AC100 centrifuge machines as we keep our manufacturing base active and positioned for remobilization of the project.”
The cascade is operating in a commercial plant configuration and at commercial plant assays. USEC expects to operate the machines at commercial plant conditions obtaining data on machine-to-machine interactions, system performance and plant design. The cascade is anticipated to run until a brief, scheduled outage in June required by our operating license issued by the Nuclear Regulatory Commission.
Beginning in August 2007, USEC has operated prototype machines as part of a Lead Cascade test program that has provided valuable data on operational characteristics of the machines, aided in developing improvements to the design of the commercial production machines and given staff operational experience. The Company has operated centrifuges for more than 338,000 machine hours during the Lead Cascade testing program that includes both prototype machines and the AC100 series machines.
For more information, visit USEC’s new dedicated website for the American Centrifuge Project: http://www.americancentrifuge.com.
USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel for commercial nuclear power plants.
A surge because no shares have been traded?
Logic1, I fail to see the logic.
18 months.