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I'm just glad I got rid of half of mine..Now what's left is free and clear.
I saw this on the SiliconInvestor. Just thought it would be good to put it here too.
This question was asked on the Yahoo board
"""What price should I bid for this stock on open on Monday ? """
A very interesting question!
If you are a buy and hold, I will have to say market price!
Why? - Not because it would be necessarily be the lowest price short term - although it could very well be.
No, you have to look back and see what has happened here, and then look ahead and see what is going to happen!
**
THE PAST:
Vonage, with no earnings, losing money, came out as an IPO for a ridiculous PPS of $17 and was immediately blasted down by shorts.
Sprint, Verizon, and ATT sued Vonage for patent infringement, trying in the case of Sprint, to shut the company down.
It was a Short/trader heyday! PPS was pushed down to under $1. Shorts, traders, and MM's were all represented on the Yahoo board, name calling, attacking other posters, fear mongering, speading FUD - just waiting for the day that VG went under!
Analysts downgraded.
The Press/ Media made sure the words "troubled" "faltering" in any article they printed, and quoted dubious sources to further the image - many still do! Poor lazy jounalism.
BUT, during these troubled times, Vonage continued double digit growth in customers and revenue
**
THE TURNAROUND:
In October, VG announced the first Lawsuit settlement and during the next 4 months, they settled all the major suits that threatened their existence.
BEAR STEARNS UPGRADED
This came at a price, much cash was used, and it became apparent that their debt would have to be refinanced.
Of course our negative posters said it couldn't be done, although the debt was only 1/3 the annual revenues - Less than the yearly marketing expenses alone, - a much lower ratio than most other competitors.
With the news Friday, it has become very clear that the debt refinance is doable and will be completed soon!
The negative posters will tell you the opposite, but I have to point out that..
CITI UPGRADED..
on the news. It is my belief, they probably were involved in helping set up the refinance.
THE MAJOR PROBLEMS / THAT HAVE PUSHED VONAGE TO A WAY UNDERVALUED SITUATION ARE GONE!!!
ANYBODY that tells you different, are living in
the past or haven't re-ascessed the situation.
**
THE PRESENT
The company is CASH FLOW POSITIVE - they just reported in the 8k, they still have the same amount of Cash on March 31st as they had December 31st. $190 million
Since the IPO they have doubled customers and revenue. 2.6 million customers - $828 million 2007 revenue. $900+ predicted 2008 revenue, $1 billion 2009 revenue predicted.
There are NO HUGE ONE TIME CHARGES that plagued the company, settling the lawsuits, last year, evident on the horizon.
Positive adjusted operating income, in the 4th quarter 2007!!
http://www.acronet.net/~dgroves0/posadjincome.JPG
http://www.acronet.net/~dgroves0/posiadjincome.JPG
Selling at Price/Sales (ttm): 0.34, when the competitors, are selling between 1x and 2x!
**
THE FUTURE:
The major problems have been solved!
Cash Flow Positive.
PPS has been pushed down to a level of a company not expected to survive.
Double Digit Growth.
New services and Products.
On the edge of GAAP profitability
Takeover canidate
1X sales = $5.50
You can listen to the negative posters, and go elsewhere, but why are they here??
Or you can wonder why PPS is so low after all the problems the bashers complained about are solved. Wonder why it has received 2 upgrades?
If you are reading this, you know the NEGATIVES THAT PUSHED THIS SO LOW ARE GONE, and the positives will now assert themselves!
MARKET PRICE MONDAY WILL BE A LOT LOWER THAN PPS 3 MONTHS FROM NOW!
Dave
I had no problem putting 3000 up for sell on TDA. Mine sure don't seem restricted. It seems nobody wants to pay.60 for them though.
Only if your account isn't a APEX account.
Mine has already changed to MONA on TDameritrade. Now I have an order in to sell for 1.00.
Thanks
Yes. Can't log on.
What if we get the 1 gl for every 1000efgo after the maybe R/S?
I got 5 million more.
It's not showing on my Apex account either. Just on TDA Command Center for some reason.
Sorry for the mis-typing. I have had only 4 hours sleep in the past 36 hours.
Under Trading tools is where you will find streaming tools and under in streaming tools you will find Command Center.
It showed up on TDameritrade command center.
It,s on TDameritrade.
Just got 5 mill more. Time to fly!!!
I've had 5 mill for sale at .0002 all morning. Seems kind of strange that with all the buys at .0002, why haven't mine been bought yet?
11 mill.
I got the 5mil last Friday. I like to use the aon because I've been burned at the end EOD, I would have an order in for 2 mill and only get like 50,000 shares at eod, then the next day I would get the rest. So I ended up paying the commisions twice.
Same here through TDAmeritrade. 5mil all or none.
I just talked to ameritrade. They said the vendor that handles streaming and command center programs is having a problem. They said it should be taken care of soon.
I have a buy in at .0002 and not getting any. Whats up???
NEWS
Unico, Inc. Announces Additional Progress of Electrical Work and Reconstruction at the Mill and Processing Facility at the Deer Trail Mine
9:12a ET August 29, 2007 (Market Wire)
Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced additional progress of electrical and reconstruction work at the mill and processing facility at the Deer Trail Mine in Marysville, Utah. The electrical work has paved the way for the completion of the interconnection between the existing Rocky Mountain Power substation and the new substation at the Deer Trail Mine that will supply power to the site.
A new photo gallery showing the electrical and reconstruction work at the Deer Trail Mine is expected to be added to the Media section of the Unico website, http://www.unicomining.com, in the next several days.
Fencing for the new substation has been delivered to the site and installed. Two 10-foot gates have also been installed to allow access to the station. With all of the components for the substation installed, including the main transformer, metering cabinet, main switchgear, main fused switch, electrical lines and support poles, the substation is ready for the interconnection with the existing substation.
The new substation will supply the 1.5 megawatts of power required to operate the mill and processing facility at the Deer Trail Mine and an additional 1 megawatt of excess power capacity available for future upgrades to the system, including power for mining activities at the Deer Trail property and other Unico claims in the area.
Concrete for the secondary substation pad has been poured, and the main components for the substation, including two smaller transformers, an electrical panel that will house the 800 amp disconnect switches, and one of the disconnect switches that will isolate power supplies to the two main mill buildings from each other, have been delivered to the site. The remaining components have been ordered and delivery is expected in the near future. Fencing and a gate for the secondary substation are onsite and will be installed after all of the components are installed on the pad.
The thickener in the new mill building, which will primarily be used to thicken tailings, has been successfully water tested and is ready for use.
Also in the new mill building, the vacuum pumps used for the Eimco filter have now been installed, as have the filter sectors and the filtrate tanks that will be used to collect the water that passes through the filter sectors from the mill tailings and floatation concentrate.
Mark A. Lopez, chief executive officer of Unico, commented, "We are pleased that the work on the main electrical substation that will supply abundant and cost-effective power to the Deer Trail Mine is complete and that we are now ready for the interconnection with the Rocky Mountain Power substation. The completion of the substation is a significant milestone, since it is expected to allow Deer Trail Mining Company to meet its near term power requirements as operations are initiated at the mill and processing facility and will also allow for potential future expansion of mining or processing operations at the site."
R/M's make me nervous. I was in CTTJ and they did a R/M and they also did a 1:10000 R/S, which was a suprise to everybody. I hope this doesn't happen to me again. The value dropped to almost a quarter of what I paid within a couple weeks. Really sucked!!
Whats anyones opinion on TQWI? I heard their is suppose to be some good news coming out this week maybe. Hard to say if it's true or not.
That stock kind of sounds like EFGO.
MM's playing around.
It's at 1.49??? What are you talking about????
I use TDameritrade and last time something like this happened to a stock I had (R/S 1:10000), it took a few days till I could do anything with it. Something to do with, they didn't have the new shares?
Are some of you guy's able to trade the new stock right away?
If the news comes out...Kaboom!
It will be over .002 be end EOD!! IMO
Did you try to call back the number after they called you??? It really does sound a bit strange.
So that means, I can call my local police and ask them to call my ex wife and tell her to quit calling me? I didn't know it would be so easy.
You should post the number that showed up on your phone. Do you still have it?
All I know is, I hope your not pull all our legs and making this up.
If it's true that is great news!!
Sorry about that Golden. It's hard not to get an attitude on this board when you see about 50% of the posts are just bashers. I should of read back on some of your past post to realize you aren't one of them.
you can't figure that out??
This news is on ameritrade's web site. So what are you trying to say, that the news was attached to the wrong ticker symbol??
It's just about a new chat room on Stockwire.com.
The email has nothing to do with company news.
I was just told by ameritrade that I can not get Level II on Penny stocks. Does that sound right to you guys? I just had a feeling that the girl I was talking to wasn't to sure of her answer.
Are you?
It doesn't seem like much is happening today. Whats up?? I thought this was suppose to be taking off today.
Sub-pennies are nothing but a guessing game it seems. Charts and lately news doesn't mean much.
Sublime
you are in EFGO too? Hopefully we can make a killing on both these.