The last time I spoke with Mr. Seidel, I came away with the strongest feeling that he really does not enjoy running the public company - only the core business. The other time I spoke with him, he flat out told me he did not look forward to running the public side because of the many issues of dealing with investors and the complications inherent with them... I'll never forget that conversation because of what else he told me that I reported here... But I digressed...
Fast forward... We do not yet see a viable public entity. Structurally speaking, there are many facets that may be out of place such as incorporation and other filings... Are they up to date?
I'm stymied... Mr. Seidel is free to build his company unencumbered by the demands of shareholders... I need to point out there is a massive difference between shareholders of record and the rest of us - we are known as shareholders in street name. Shareholders of record are able to check with the TA at anytime but not us. We are the bottom of the priority list... The bottom rung on the ladder. I know deep down this company is clean but the feeling of being a shareholder in street name is that I, along with all of you, have been left out in the dark and in the cold.
So, what does the future hold? The company will probably be the target of an acquisition - just wondering if HES will be the one doing the acquiring...time will tell, of course.
Just an opinion, but I believe UGSI is going to be bought out before it begins reporting.
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