Unique Logistics International Inc (UNQL)

[TimmayOHKAY]

Very interesting indeed. I wouldn't want to be on the short side at these levels. Granted, the share price has been vomiting all over buyers for some time now- I think there is some hidden potential here for a surprise run higher than the previous .38. I am cautiously optimistic primarily due to the fact that retail is clearly spooked and not thinking rationally. My thesis is simple, yes there is a heavy weighted float from preferred shares which when converted to commons in October could be added. OR they won't- There is no indication as to whether or not preferred shareholders will be inclined to sell their common shares at the market. There is every reason to believe insiders will look for much higher prices. With that being said, if you take into account the extraordinary revenue on deck here, and profit and growth...selling any shares at the market in this range would be like giving away money. The share price is worth much more if they allow it become worth much more by not jacking around with issuing new shares or selling their converted shares (Again this isn't even an option until OCT 06th) So really I cannot bring myself to believe these prices are not a bargain. I am trying to see both sides, bear and bull.