Underground Solutions Inc. (fka UGSI)

[fredugsi]

Here's what I know: Wynnefield capital owns about 40 mill shares and Peter Black, pm at Wynnefield is on the board. Other institutions who own include pictet (40 mill), water fund, 40 mill, Andy and the employees own at least 40 mill but could own much more. One other large institution owns about 40 mill and at least one individual owns 40 million. You can verify most of this information from company data about 8 years ago. Wynnefield + 2 institutional clients + Andy and management team have a cost basis of $0.08!-- most if not all of this stock is restricted. I recollect that many years ago, I was told that 90% of the stock is closely held institutional/management/insider--1 reason why stock doesn't trade.