Tuesday, May 06, 2008 9:56:07 AM
There is the potential for a monster here. Look carefull at the info below. I have been in touch with the CEO and he's very much on the level. No BS, no promo. A LOT of very strong stockholders on this one. Float is 8-9M. Look at the buy-sell ratio.
http://ih.advfn.com/p.php?pid=trades&btn=s_ok&s_symbol_select=PINK%3AASII&symbol=UHCR&minimise=
A/S: 102,000,000
O/S: 78,000,000
Restricted: 67,000,000 (Securenetview)
Float: 9,000,000 <-<-<-<-<
Preferred: 2,000,000 (CEO Clayton Young)
PER DELAWARE S.O.S.
As of 5/2/08 - 10,722,434 total share count held by shareholders. CAN YOU SAY MOASS???
(10) people hold over 4.6 million shares alone.
UHCR had 101 trades yesterday (5/5/08) with the avg. size trade of 10,412.
Chart
http://investorshub.advfn.com/boards/read_msg.asp?message_id=29044248
** UHCR DD: Short squeeze explained
Record date: Feb.11, Ex-divi date: Mar.3.
Here are the errors that may force a huge short cover on the messed up 1:1 dividend:
1. Company declared ex-dividend date as Feb.8, but NASDAQ set it for March 3. Many traders thought they could sell after Feb.8 and still get their dividend. But they were wrong. They had to hold until March 3, to qualify.
2. Brokers messed up as well. They have issued dividends to all traders who sold between Feb.11 - Feb.29. These are illegal dividends, which have been credited to trader's accounts. Since the volume traded was ~ 4 million during this time, we are looking at a 4 million short position that brokers will have to correct, probably after the 3 day clearing period.
3. Some dividends showed up as early as Friday Feb.29. Traders sold these thinking "Free money". Wrong. They had to hold until March.3, the ex-divi date. This means all shares sold on friday are now SHORT. T+3 for short cover.
4. Many brokers also thought this was a forward split (including Stockcharts.com!!!). It was not. So any shares that were forward split, may create a short position that will have to be corrected, with shares rebought on the open market.
5. Naked shorts that were anticipating a forward split, but received a very rude awakening. They are now responsible for a dividend to their buyers that is equal to their entire short position - and has to be delivered on Due Bills date of March 5th.
This is an easy 5-10+ bagger from here IMO...
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