AI
Sunday, July 20, 2008 8:45:21 AM
precisely why many have left UVSE for HGLC. Not to be off topic, but anyone paying attention should have seen how the UVSE sp reacted in it's big intraday dump a couple weeks ago when they said they would have to raise the AS. Then they missed the announced A/S increase Proxy date, an indicator they had something to hide. 1.5B is even more than I feared. Wow. RS written all over it.
Now here, I realize there are concerns and I'm not one to downplay the relevance of many billions in Restricted stock.
But my email from Mike Saner said that they agree that a reduction of the massive o/s held by insiders is in their best interests. This is new management. Let's give them the opportunity to do a lot of things. It may take a couple weeks to see the $10M settled and in company accounts to buyback stock, but I'll be here when it comes and in the meantime I expect this to hold it's support levels and hopefully get the Fortress .02 transaction done. I'm thinking by mid-August we will have many more answers about exactly what we own here in HGLC.
If anyone wants to hold off and see 008 hold and become support first, fine, do that. If they think this one may take a little more time, hence flirst with the lower 003-004 range again, fine, it's America.
I believe that Clay's chart is correct and I agree with all his levels and what he's watching for in indicators.
Now here, I realize there are concerns and I'm not one to downplay the relevance of many billions in Restricted stock.
But my email from Mike Saner said that they agree that a reduction of the massive o/s held by insiders is in their best interests. This is new management. Let's give them the opportunity to do a lot of things. It may take a couple weeks to see the $10M settled and in company accounts to buyback stock, but I'll be here when it comes and in the meantime I expect this to hold it's support levels and hopefully get the Fortress .02 transaction done. I'm thinking by mid-August we will have many more answers about exactly what we own here in HGLC.
If anyone wants to hold off and see 008 hold and become support first, fine, do that. If they think this one may take a little more time, hence flirst with the lower 003-004 range again, fine, it's America.
I believe that Clay's chart is correct and I agree with all his levels and what he's watching for in indicators.
