Friday, March 01, 2024 9:57:08 AM
With the uplist off the table, the company will have to try and generate investor interest on their own. Second, the reverse split and dilution should also be off the table so that should help. The O/S is still a very OTC friendly 800M and the float only 477M shares. In addition, all the Preferred shareholders who were looking for the exits are now trapped and Unique will have to address them somehow. A couple ways to do it...pay them back out of earnings, or allow them to convert and sell into the retail market (which would require an increase in the A/S and O/S of course). Ray holds the voting control, so he ultimately gets to decide what happens.
Going forward, Unique needs to figure out how its going to fix its core business. China is in big trouble and Unique spent a lot of money on those offices that are producing basically nothing in revenue and bleeding out in costs. I see a lot of talk on their LinkedIn page about ESG and initiatives that don't make any money. In my opinion, the only thing Unique should be doing regarding ESG now is de-carbonizing their payroll until they can generate some FCF.
I expect the share price to get decimated over the next few days as the news gets out, but I think once it finds a floor it might not be a bad idea to throw a few dollars at it and wait.
Recent UNQL News
- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 09:23:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 12:55:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/19/2024 09:30:23 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 01/17/2024 09:23:29 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 10/31/2023 09:28:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/10/2023 10:18:01 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/15/2023 10:02:56 AM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 08/30/2023 02:13:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/26/2023 09:00:14 PM
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