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Is this board available to hire? Looking for marketing specialists to turn water into wine. If this board can turn a 100X increase in authorized shares as a positive, water into wine should be a piece of cake!
This is a great summary- thank you for taking the time to write it
Crunch time! Hoping for some cheap shares in the next two weeks tho ;)
The total diluted shares is 9.9 billion. However, the current max dilution is 800,000,000 shares (authorized amount)
Odd that this much shade is being put over SCFN- HE was the ONLY one in here that warned of the conversion and dilution in early April!
Thanks power- is it 6 months to convert the note to restricted shares and then another 6 months to convert restricted shares to common?
I’m thinking UNQL reports to the SEC so the holding period is 6 months as opposed to 12
This happened after reporting financials up to May 2020 on January 26th and I loaded up
Another solid quarter! Looking forward for them to continue to leverage the scale of the merged companies and increase the bottom line
This stock has never had more than 57,163 shorted shares based on the 2 per month public reporting dating from 3/31/21 to November 2020
Could the shorts increased significantly in early April- I suppose, but seems unlikely
I would really love to know what was going on at level 3 right before that 500k block trade yesterday!
Based on L2 info I’ve seen in the past for this stock a 500k block would move typically move the stock a lot more than it did
^^
This is incorrect...
Short interest as of 3/31 is 35,139 shares...down from 57,163 shares two weeks prior.
That’s 0.05% of float shorted
According to Otcmarkets
Maybe I am missing something again, but converting is a completely different animal than selling. Hicks can convert 5% at a time, but he can only sell 1% every 3 months per rule 144. And if he can only sell 1% every 3 months he can only convert at that same rate without going over the 5% beneficial ownership threshold.
“As an affiliate, you can only sell up to 1 percent of the outstanding shares of the same class being sold during any three-month period.”
I’m also not 100% on where these beneficial shares came from. My original assumption was from the 10/8 note because that would satisfy the 6 month holding period of securities but the 10/8 note was not listed as the qualifying event (the 1/28 note was).
Does tacking apply to the January 28th note for Hicks?... :)
Yes, SCFN thank you for your posts!
I do, however, believe the float will not be affected-
The 13G states the date of the event that requires filing is January 28th, 2021...not the date of the original note from Hicks (October 8th). I read this as Hick’s converted a portion of the January 28th note.. This would signal to me that Hick’s is long in UNQL because he won’t be able to sell these until July 28th per rule 144. He also will only be allowed to sell 1% of the outstanding shares every 3 months. The January 28th note had the .003? Conversion rate as opposed to .0017 from the Oct 8th note
I trust Hokie’s nose over SEC filing requirements!
What note is due April 14th?
The earliest one I see is the $5million to Richard Chi Tak Lee (who happens to be ceo of unique logistics HK) on 5/18/21, but as of 2/16 they had paid half of it. I have a feeling it will be fully paid before maturity
More like taking the ask out!
Company acquisition is different than customer acquisitions...
On top of that, I would expect they would complete the merger with the other UNQL regional business before acquiring other companies. Odd choice of wording if that’s what they were referring to. Either way, I doubt there is any PR
10Q next week or tomorrow likely the week after
You think “new customer acquisition” is them buying out a company?
Either way this will go up, but not before the 10Q imo
I don’t think we will get PR on “customer acquisition”...I read that as they gained customers/more business...not that they acquired another company. The only negative is it appears they burned through the 3? Million cash they had on hand in November. Next news will be the 10Q next week or the week after
Hold tight!
Good to know... on the other end of the spectrum UPS’ LTL/freight division took a heavy loss last quarter and then was sold for $800 million in January
This is why it is important to stress patience before the next financials are released...
There was an active and valued member on this board back in January 28th who decided to get out of the stock due to these low volume games. This was an odd time to get pushed out of the stock, if said person understood that these games would go away with volume because volume was expected to pick up with the financial filing just days later on February 8th...
That person happens to be you...
"Almost A Myth Thursday, 01/28/21 09:41:18 PM
Re: Stockinator post# 9678 0
Post #
9683
of 10509
My decision to sell had nothing to do with the company. A situation that is beyond my control occurred after I identified the individual(s) who have had L2 under attack for the past several months.
I can't elaborate here because it would be OT, but I would rather focus my attention somewhere else than be exposed to such nonsense."
so if you trust your DD and what you have been saying over and over again, why are you concerned about it? Are you going to dump your position right before they release their financials in April like you did in January?
I hope you understand my confusion about this and your snarky comments towards me
This is why it is important to stress patience before the next financials are released...
There was an active and valued member on this board back in January 28th who decided to get out of the stock due to these low volume games. This was an odd time to get pushed out of the stock, if said person understood that these games would go away with volume because volume was expected to pick up with the financial filing just days later on February 8th...
That person happens to be you...
"Almost A Myth Thursday, 01/28/21 09:41:18 PM
Re: Stockinator post# 9678 0
Post #
9683
of 10509
My decision to sell had nothing to do with the company. A situation that is beyond my control occurred after I identified the individual(s) who have had L2 under attack for the past several months.
I can't elaborate here because it would be OT, but I would rather focus my attention somewhere else than be exposed to such nonsense."
so if you trust your DD and what you have been saying over and over again, why are you concerned about it? Are you going to dump your position right before they release their financials in April like you did in January?
I hope you understand my confusion about this and your snarky comments towards me
I feel like I am going to be gaslighted for agreeing again, but yes- you are right UNQL's quarter ends in February. THE SEC guidelines are filing financials within 45 days. 45 days from the end of February is ~April 15th
https://www.sec.gov/corpfin/cf-manual/topic-1
1330.1Generally
Annual reports (Forms 10-K) 90 days after the fiscal year-end for non-accelerated filers.
75 days after the fiscal year-end for accelerated filers.
60 days after the fiscal year-end for large accelerated filers.
See Section 1340 for summary of accelerated filer rule.
Quarterly reports (Forms 10-Q) 45 days after the quarter-end for non-accelerated filers.
40 days after the quarter-end for accelerated and large accelerated filers.
See Section 1340 for summary of accelerated filer rule.
Other disclosures reportable under Form 8-K Generally 4 business days after the event, except for certain events as provided in the Form
I agree with your analysis, I just don’t understand why everyone wants it to stop. I love free money... I can wait until the next financials, but again...it’s about a month away. Everything is pointing to another huge quarter
Careful now...I said the same thing and got called out!
Yes, you are correct. Hold strong until then and be rewarded :)
They actually filled some of my 5,000 limit order in the 17s :)
Agreed. I was expecting these low volume games until the next 10q, but maybe we get a slight lift in volume during the uplist.
Hope games continue thru Monday when more of my funds clear :)
Added more at the end of the day. Will see if MMs continue low volume gains and I can continue cumulation!
Innocap was only used a vessel for UNQL to go public. It was originally a shipwreck recovery company
You are right, I meant 10Q, which will need to be filed by mid April. I don’t expect any significant news before then. What news has there been in the last two months?
Added another 15,000 shares today. I can wait. This isn’t a typical day trading penny stock like whoever is selling off thinks. Need to be willing to wait for the next news, which is probably the next 10k report
Anyways, appreciate the discount!
I posted on Reddit under babybillionaire or something like that - I assume it’s one of you :P. People on Reddit are skeptical due to the potential of share dilution. Someone with more knowledge on preferred shares and potential dilution would help immensely
was that you with the 100K order? ;)
Does anyone have access to the current short interest? It’s only publically posted twice a month
When last quarter's finances are posted and the word spreads...
I expect that tomorrow and no later than Monday based on their statement it would be filed in the 'next several days' as of Tuesday morning
Everything that's been happening today is low volume volatility imo.
I appreciate all the DD this group has pulled together- I've been following for the past couple of weeks and added 25,000 shares before they released the May financials and 20,000 after.
Am I missing any red flags on their financial statements, such as goodwill to asset ratio?
I don't understand why there isn't more volume- is it typical to have a huge lag between information and market movement on penny stocks?