AI
Wednesday, November 28, 2007 9:40:22 PM
Javelin Play - UCOI - Liar, Liar
Liar, Liar
In the penny stock world, it is one trick after another. Here is one you likely never gave much thought to. It is called a Stock Subscription. What is a stock subscription? It is where someone gives money in exchange for share except they do not receive them!
How is this tool used to fool the investor? It helps to understate the amount of shares outstanding/dilution by pushing the dilutive event down the road to where it will kick in at a later date.
If the company is in the progress of a massive dilution leading up to a reverse split, the shares can even be issued after the reverse and additional dilution, which will minimize the impact of the actual issuance of the shares. More so when the stock subscription is nothing more than “throwaway money”. For more about throwaway money, you can find it at the following link.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24777160 .
The investor can be further fooled by announcing through multiple PR’s that the stock was actually issued when in fact such was not the case. How does that fool the investor? An investor following the company will read that the stock was issued and when the next SEC filing comes around, they might just look for the headline number of the outstanding shares and not be looking for a stock subscription payable in the financials. Thus the investor is fooled by the contradiction of facts.
Where was this tactic used? Our favorite, Unico Incorporated (UCOI). Below are actual excerpts from the PR’s stating that the shares had been issued with the full PR’s appended at the end
Unico, Inc. Announces First Round of $1 Million Private Placement Financing
Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that the company has received the first round of a what is expected to be a total of $1,000,000 of financing in the form of private placement investments in restricted common stock.
On December 29, 2006, Unico sold 42,785,700 shares of its restricted common stock to an unrelated third party for a purchase price per share of $0.014 and an aggregate purchase price of $599,000. The shares were issued restricted pursuant to Rule 144 of the Securities Act of 1933
Unico, Inc. Announces Next Round of $1 Million Private Placement Financing.
SAN DIEGO, CA -- (MARKET WIRE) -- 02/22/07 -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that the company has received the second round of a total of $1,000,000 of financing in the form of private placement investments in restricted common stock.
On January 12, 2007, Unico sold 33,333,333 shares of its restricted common stock to an unrelated third party for a purchase price per share of $0.012 and an aggregate purchase price of $400,000. The shares were issued restricted pursuant to Rule 144 of the Securities Act of 1933.
So what are the hard facts?
UNICO INC /AZ/ (UCOI) 10QSB filed 10/12/2007
Stock Payable
During the year ended February 28, 2007, the Company sold a total of 76,119,033 shares of restricted common stock to a third party for total consideration of $999,000. As of August 31, 2007, these shares had not been issued, resulting in a stock payable of $999,000.
As you can clearly see, no stock had been issued by the end of August, according to the SEC filings even though there were two PR’s stating that stock had been issued in regard to this transaction.
How does a stock subscription agreement turn into the issuance of shares if they remained unissued? Can you say Liar, Liar? Either the PR's are wrong or the SEC filings are wrong, you decide.
Derb
Unico, Inc. Announces First Round of $1 Million Private Placement Financing
18 January 2007, 09:00 CST
Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that the company has received the first round of a what is expected to be a total of $1,000,000 of financing in the form of private placement investments in restricted common stock.
On December 29, 2006, Unico sold 42,785,700 shares of its restricted common stock to an unrelated third party for a purchase price per share of $0.014 and an aggregate purchase price of $599,000. The shares were issued restricted pursuant to Rule 144 of the Securities Act of 1933.
A second private placement anticipated in the near term is expected to bring the total amount of capital raised through these two rounds of financing to approximately $1,000,000.
The capital will be applied to the operations of Unico and to support the ongoing activities of its subsidiary mining properties.
"We are pleased to have accessed this financing and applied it to activities that are directly connected to our efforts to establish value at our subsidiary mining properties," said Mark A. Lopez, chief executive officer of Unico, Inc. "Our major focus remains the development and growth of revenues from the operations of our subsidiaries, and the ability to access adequate capital resources is an important element in bringing this goal to fruition."
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php.
About Unico, Inc.
Unico, Inc. (OTCBB: UCOI) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has recently announced agreements to acquire over 70 additional mining claims. For more information, please visit www.unicomining.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
Contacts: Gemini Financial Communications, Inc. A. Beyer 951-587-8072 Contact via http://www.marketwire.com/mw/emailprcntct?id=3867E59764784BBB www.unicomining.com OTC Financial Network Rick McCaffrey 781-444-6100, x625 Contact via http://www.marketwire.com/mw/emailprcntct?id=066560B74C87B4F0 www.otcfn.com/ucoi
SOURCE: Unico, Inc.
Source: MARKET WIRE
http://www.redorbit.com/news/entertainment/806097/unico_inc_announces_first_round_of_1_million_private_placement/index.html
Unico, Inc. Announces Next Round of $1 Million Private Placement Financing.
SAN DIEGO, CA -- (MARKET WIRE) -- 02/22/07 -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that the company has received the second round of a total of $1,000,000 of financing in the form of private placement investments in restricted common stock.
On January 12, 2007, Unico sold 33,333,333 shares of its restricted common stock to an unrelated third party for a purchase price per share of $0.012 and an aggregate purchase price of $400,000. The shares were issued restricted pursuant to Rule 144 of the Securities Act of 1933.
The first private placement in the amount of $599,000 was sold on December 29, 2006 bringing the total amount of capital raised through these two rounds of financing to approximately $1,000,000.
The capital from these two private placements is being applied to the operations of Unico and to support the ongoing activities of its subsidiary mining properties.
"The company's major focus remains the development and growth of revenues from the operations of its subsidiaries, and access to adequate capital resources is a critical element of these efforts," said Mark A. Lopez, chief executive officer of Unico, Inc. "We are pleased to have completed these private placement investments and look forward to the continued progress of our subsidiary operations."
Photo galleries showing the reconstruction of the mill and processing facility at the Deer Trail Mine, which is in the completion phase, are available on the Unico website at http://www.unicomining.com./news/othermedia.php.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php.
About Unico, Inc.
Unico, Inc. (OTCBB: UCOI) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has recently announced agreements to acquire over 70 additional mining claims. For more information, please visit www.unicomining.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
Contacts:
Gemini Financial Communications, Inc.
A. Beyer
951-587-8072
Email Contact
www.unicomining.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
Email Contact
www.otcfn.com/ucoi
http://www.sys-con.com/read/340560.htm
Liar, Liar
In the penny stock world, it is one trick after another. Here is one you likely never gave much thought to. It is called a Stock Subscription. What is a stock subscription? It is where someone gives money in exchange for share except they do not receive them!
How is this tool used to fool the investor? It helps to understate the amount of shares outstanding/dilution by pushing the dilutive event down the road to where it will kick in at a later date.
If the company is in the progress of a massive dilution leading up to a reverse split, the shares can even be issued after the reverse and additional dilution, which will minimize the impact of the actual issuance of the shares. More so when the stock subscription is nothing more than “throwaway money”. For more about throwaway money, you can find it at the following link.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24777160 .
The investor can be further fooled by announcing through multiple PR’s that the stock was actually issued when in fact such was not the case. How does that fool the investor? An investor following the company will read that the stock was issued and when the next SEC filing comes around, they might just look for the headline number of the outstanding shares and not be looking for a stock subscription payable in the financials. Thus the investor is fooled by the contradiction of facts.
Where was this tactic used? Our favorite, Unico Incorporated (UCOI). Below are actual excerpts from the PR’s stating that the shares had been issued with the full PR’s appended at the end
Unico, Inc. Announces First Round of $1 Million Private Placement Financing
Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that the company has received the first round of a what is expected to be a total of $1,000,000 of financing in the form of private placement investments in restricted common stock.
On December 29, 2006, Unico sold 42,785,700 shares of its restricted common stock to an unrelated third party for a purchase price per share of $0.014 and an aggregate purchase price of $599,000. The shares were issued restricted pursuant to Rule 144 of the Securities Act of 1933
Unico, Inc. Announces Next Round of $1 Million Private Placement Financing.
SAN DIEGO, CA -- (MARKET WIRE) -- 02/22/07 -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that the company has received the second round of a total of $1,000,000 of financing in the form of private placement investments in restricted common stock.
On January 12, 2007, Unico sold 33,333,333 shares of its restricted common stock to an unrelated third party for a purchase price per share of $0.012 and an aggregate purchase price of $400,000. The shares were issued restricted pursuant to Rule 144 of the Securities Act of 1933.
So what are the hard facts?
UNICO INC /AZ/ (UCOI) 10QSB filed 10/12/2007
Stock Payable
During the year ended February 28, 2007, the Company sold a total of 76,119,033 shares of restricted common stock to a third party for total consideration of $999,000. As of August 31, 2007, these shares had not been issued, resulting in a stock payable of $999,000.
As you can clearly see, no stock had been issued by the end of August, according to the SEC filings even though there were two PR’s stating that stock had been issued in regard to this transaction.
How does a stock subscription agreement turn into the issuance of shares if they remained unissued? Can you say Liar, Liar? Either the PR's are wrong or the SEC filings are wrong, you decide.
Derb
Unico, Inc. Announces First Round of $1 Million Private Placement Financing
18 January 2007, 09:00 CST
Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that the company has received the first round of a what is expected to be a total of $1,000,000 of financing in the form of private placement investments in restricted common stock.
On December 29, 2006, Unico sold 42,785,700 shares of its restricted common stock to an unrelated third party for a purchase price per share of $0.014 and an aggregate purchase price of $599,000. The shares were issued restricted pursuant to Rule 144 of the Securities Act of 1933.
A second private placement anticipated in the near term is expected to bring the total amount of capital raised through these two rounds of financing to approximately $1,000,000.
The capital will be applied to the operations of Unico and to support the ongoing activities of its subsidiary mining properties.
"We are pleased to have accessed this financing and applied it to activities that are directly connected to our efforts to establish value at our subsidiary mining properties," said Mark A. Lopez, chief executive officer of Unico, Inc. "Our major focus remains the development and growth of revenues from the operations of our subsidiaries, and the ability to access adequate capital resources is an important element in bringing this goal to fruition."
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php.
About Unico, Inc.
Unico, Inc. (OTCBB: UCOI) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has recently announced agreements to acquire over 70 additional mining claims. For more information, please visit www.unicomining.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
Contacts: Gemini Financial Communications, Inc. A. Beyer 951-587-8072 Contact via http://www.marketwire.com/mw/emailprcntct?id=3867E59764784BBB www.unicomining.com OTC Financial Network Rick McCaffrey 781-444-6100, x625 Contact via http://www.marketwire.com/mw/emailprcntct?id=066560B74C87B4F0 www.otcfn.com/ucoi
SOURCE: Unico, Inc.
Source: MARKET WIRE
http://www.redorbit.com/news/entertainment/806097/unico_inc_announces_first_round_of_1_million_private_placement/index.html
Unico, Inc. Announces Next Round of $1 Million Private Placement Financing.
SAN DIEGO, CA -- (MARKET WIRE) -- 02/22/07 -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that the company has received the second round of a total of $1,000,000 of financing in the form of private placement investments in restricted common stock.
On January 12, 2007, Unico sold 33,333,333 shares of its restricted common stock to an unrelated third party for a purchase price per share of $0.012 and an aggregate purchase price of $400,000. The shares were issued restricted pursuant to Rule 144 of the Securities Act of 1933.
The first private placement in the amount of $599,000 was sold on December 29, 2006 bringing the total amount of capital raised through these two rounds of financing to approximately $1,000,000.
The capital from these two private placements is being applied to the operations of Unico and to support the ongoing activities of its subsidiary mining properties.
"The company's major focus remains the development and growth of revenues from the operations of its subsidiaries, and access to adequate capital resources is a critical element of these efforts," said Mark A. Lopez, chief executive officer of Unico, Inc. "We are pleased to have completed these private placement investments and look forward to the continued progress of our subsidiary operations."
Photo galleries showing the reconstruction of the mill and processing facility at the Deer Trail Mine, which is in the completion phase, are available on the Unico website at http://www.unicomining.com./news/othermedia.php.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php.
About Unico, Inc.
Unico, Inc. (OTCBB: UCOI) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has recently announced agreements to acquire over 70 additional mining claims. For more information, please visit www.unicomining.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
Contacts:
Gemini Financial Communications, Inc.
A. Beyer
951-587-8072
Email Contact
www.unicomining.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
Email Contact
www.otcfn.com/ucoi
http://www.sys-con.com/read/340560.htm
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