Followers | 799 |
Posts | 56098 |
Boards Moderated | 4 |
Alias Born | 08/11/2002 |
Thursday, April 19, 2012 5:16:05 PM
On slow days when one person decides to sell a stock it can have a dramatic, but temporary, effect on the share price. In my opinion today witnessed such an occurrence.
I was moved to write this piece as an acquaintance said he wasn't interested in URAGF because he had "looked into past... they have 80 mil shares of cheap paper 2 and 3 cent financings plus debt issues at 3 cents". He dismissed it out of hand without really looking. I won't question his motives.
Many others might be tempted to do the same thing. Here is what I know:
My reckoning is that 80% of the stock this person is talking about has been 'cleaned' over time....
The facts are simple:
from June 2010 to Dec 2010, the total Volume was 61 MM shares @ .047
from Jan 2011 to Dec 2011 the total Volume was 104 MM shares @ .0459
and from Jan 2012 to Present, the total Volume was 44 MM @ .0.34..
So, the shares in question are no longer in the hands of those who were in those financings, and those same shares are now in the hands of traders at higher prices.
I am not saying that a high share count is ideal, but I have yet to see the bogeymen in this stock. Examination of the trading over the last three years tends to support my version of events.
The remainder of untendered stock is at .10 and above.
When it is time to move this stock, it will move, on the reporting of fundamental events. That day is now approaching as you saw with the first shot across the bow: the hiring of a professional top tier IR firm. Give them some ammo, something to work with developmentally, and watch what happens.
Have a good evening,
fringe
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM