Replies to post #16012 on UNICO INCORPORATED (AZ) (fka UNCO)

[spydrwb]

In other words jp, if you buy shares now they will be worth .000x p/s in a few weeks after a reverse split they will worth .x p/s and in a couple of months after the rerverse split they will be worth .000x since Unico has a s h i t load of shares to unload to pay for the convertable debentures, and they do that by issuing more shares at a discount. It's called dilution. It doesn't cost Unico a dime but believe me they make plenty. And it all comes from the gulliable unsophisticated investor (suckers).

It's the history of this company, they are addicted to it, they know no other way to raise money. If you feel like financing their pump and dumnp schemes go ahead load up and load up big. Then take your lumps at the end of the year and get your lousy $3000 per year capital loss carry forward come tax time.

[jp7204]

Authorized shares have to be issued before they are any good. Issued shares have to be held for a year before you can sell them. I wouldn't think the authorized shares would change under a reverse split, just outstanding. Johnny