Savvy Trades and Investments

[larrybaz]

UUU - That short turned out well for you. I was too chicken to short it.

The company has tangible book value of about $2.29 a share. Last quarter's loss had some stuff that sounded one-timerish, and there's this from the latest 10-Q that could at some point be a catalyst for a low-float spike:

As previously announced, while the Company continues to generate sufficient capital to satisfy the ongoing cash requirements for its current operations, management believes that access to additional funding or other resources, or identifying the right strategic business combination, would allow the Company to drive long term value for its shareholders while taking advantage of sales growth opportunities that the Company seeks to execute. Management believes that it would be advantageous to the Company and its shareholders to explore strategic alternatives as the Company pursues additional sources of capital. There is no deadline or definitive timetable set for completion of the strategic alternatives process, and there can be no assurance any proposal will be made or accepted, any agreement will be executed, or any transaction will be consummated.