Uranium Energy Corp (UEC)

[StockVision]

There won't be a "turn around" - at least it will never see recent highs above $2 again. There is no reason for any bounce. Investigations have revealed that UEC has not produced or sold anything for several quarters, and UEC has not denied the substance of this revelation. Instead of producing uranium, UEC spent its resources paying disreputable penny-stock pushers to run up its share price, and diluting the stock with private equity placements.

Now the game is up. Shareholder lawsuits are piling up. UEC will have to spend a fortune on lawyers to fight SEC fraud charges - but they can't win. They wanted to play with the penny stock guys? Well guess what - UEC is going to be a penny stock very soon, probably this week. No reason to think it will ever make it back up over $1 again once that happens. UEC is a scam.