Nice volume this week, now show me some news!
Posted by Murnak on :
Huge volume today check out the chart!
Posted by d6veteran on :
Is this a group pick? Where's the volume coming from?
Posted by Murnak on :
Its all over the boards!
Posted by bousbous55 on :
join the other thread for unqt.
Posted by bousbous55 on :
micro penny categ.
Posted by Murnak on :
UNQT looking good!
Union Equity evaluates each potential acquisition independently. We exercise the same degree of due diligence whether we are analyzing pre-construction condominiums, undervalued single-family or multi-unit dwellings, or income-producing commercial properties. Regardless of the sector, Union Equity demands that specific common denominators exist in each property in order to pursue the greatest possible ROI. http://www.union-equity.com/index.htm Posted by Murnak on :
Pullback, get in now!
Posted by jmichael7 on :
UNQT - #1 momo pik of next week! IMO ;0)
..big gap to be filled @.02!! (first resistance) Time-2-Fly!! ..chart above to prove it...
mp: although i know little of these things, 0.02 sure is a long way off and doesn't it look like the R1 (first resistance) lies somewhere around 0.008 followed losely by 0.011. but it will gap up monday, thats a given !
mp
jmichael7: UNQT - oK Mike!..fair enough... ..in all due respect what i do know at this time that some may not is several friends who have commited to coming on board to back us on this one Monday morning (most not before 10:30 am)..one imparticular picked up 4.6 Mil all under .046 and closed out all his shares average .065ish (today being Friday i suppose) and says he's putting it all back in on any open vol selling Monday morning between open bell - 10:30 am... ..with that in mind also w/rumors of UNQT's float being less than only 10 Mil. and after closely observing L2 throughout the day seeing ask side continue to thin beautifully at this time we're only concerned about major resistances..52 week Rec Vol today BTW! ..thank you MP for questioning as i can see now i really did not make myself clear..this posted all IMO ;0) jm
siggy: even dogs know not to chase parked cars..lol Posted by Murnak on :
Could be great for a while!
Posted by jmichael7 on :
Murnak..was just using that one to show a clear a clear veiw of the gap...
BTW..i've got one here even better than that..stay tuned... ;0)
[ February 26, 2005, 15:32: Message edited by: jmichael7 ]
Posted by Murnak on :
Lot of buzz this weekend!
should be fun to watch................ its a pink be careful! imo
Posted by zentiger on :
A lot of buzz for sure. UNQT is a SHAKERZ AND MOVERZ pick (cannot go through as one word, lol) and I understand Bloomberg is doing a blurp on them finding undervalued penny stocks. I'm in UNQT...Low float, highest volume ever, they are opening a New York city office and look at the chart. This one is a winner!!! Still time to get in...
Posted by d6veteran on :
The pumping is going on EVERYWHERE.
Be interesting morning Monday.
Posted by Ktrain420 on :
this is a break out pennies group pick!!....huge group so it should play pretty safe the bottom should not just fall outta it ....im not in it though.........GOOD LUCK for whoever is
Posted by Buckey on :
UNQT being spammed by many many people everywhere
Posted by Murnak on :
Its in a great market Real estate, high rise condos, shouldn't be at this price anyway....... of course the float figure could be off!!!
This is where/when it started. PhaserTek Medical Reorganizes as Union Equity, Inc.
WEDNESDAY, NOVEMBER 24, 2004 12:38 PM
PALM BEACH, Fla., Nov 24, 2004 (BUSINESS WIRE) -- PhaserTek Medical Inc. has completed a reorganization and is now Union Equity Inc. (UNQT) . Union Equity is a national real estate developer and holding company specializing in acquiring undervalued real estate in key markets.
The firm has an aggressive approach to the real estate market and is currently analyzing projects in the South Florida area. Union Equity management intends to move rapidly once due diligence has been completed on several potential acquisitions.
"Downtown Miami is experiencing a resurgence in residential development we've never seen before," said Union Equity CEO Michael Anthony. "Our recent research also leads us to believe that Fort Lauderdale will be the next market to boom considering the city has one of the most beautiful waterfront urban centers in the nation. People are flocking from the suburbs to set up exclusive residences in downtown communities, just like Manhattan."
Union Equity management prides itself in its ability to move quickly once a viable project has been identified. The company intends to develop a portfolio ranging from pre-construction condominiums, undervalued single-family or multi-unit dwellings, and/or income-producing commercial properties.
"We possess a long-term view on the real estate market but are quite motivated to capitalize on short-term projects as well," said Anthony.
Authorized Shares: 20,000,000,000 as of 2004-11-19 Float: 7,000,000 as of 2004-11-19
Posted by mryj2000 on :
I already notice someone buy it for several days with several thousands dollars.
Now it's time for him to exit. Obviously. That's the way they play OB stocks.
Good luck. everyone.
Posted by mryj2000 on :
quote:Originally posted by Buckey: UNQT being spammed by many many people everywhere
I saw this on many boards this weekend.
Posted by Murnak on :
Union Equity Screening Senior Underwriters for Commercial Lending Division Monday February 28, 9:05 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--Feb. 28, 2005--Union Equity Inc. (Pink Sheets: UNQT - News), a national real estate development and holding company, has narrowed its search for a senior underwriter to spearhead the company's new commercial lending division. The company has identified approximately one dozen highly-qualified individuals after screening nearly fifty potential candidates. "This position is critical to the operation of our commercial lending division," said Union Equity CEO Michael Anthony. "The Senior Underwriter's responsibility is to check the applicant's loan file for any inconsistencies that may hurt the company at a later date."
In addition to conducting the standard credit checks on borrowers with the three credit bureaus, the Senior Underwriter will conduct Verifications of Employment (VOEs); Verifications of Deposits (VODs); calculate all debt ratios and determine the accuracy of the subject property's appraisal.
"Accurate comps are crucial in commercial lending," Anthony said.
"Comps" is a lending industry term that refers to "comparable sales." It is the primary device used to establish the actual market value of a commercial or residential property.
"If the loan performs, we make our money; in the event of a default I want to make sure we are foreclosing on something we loaned $100,000 against that we can sell for $150,000," Anthony said.
In order to keep expenses down, the Senior Underwriter will be paid on a "per-file" basis; meaning that their compensation will be passed directly though to the borrower in the form of an "underwriting fee."
Posted by Murnak on :
What a ride today! good close! still has potential..imo
I'm still holding and adding!!!!
Posted by abram on :
Someone bought over 1.9 mil at the last possible moment. Hmmmm.
Posted by Murnak on :
Union Equity Retains Accounting Firm of Bagell, Josephs & Company, LLC
March 01, 2005 09:05:00 (ET)
PALM BEACH, Fla., Mar 1, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT), a national real estate development and holding company, has recently retained the services of Bagell, Josephs & Company, LLC to handle all company accounting matters.
Bagell, Josephs & Company is registered by the PCAOB (Public Company Accounting and Oversight Board) and is part of the BDO Seidman alliance of accounting firms. BDO Seidman is the fifth largest international accounting firm.
About Union Equity, Inc.: Union Equity is national real estate development and holding company that emphasizes acquisitions in undervalued projects such as pre-construction housing, commercial and residential foreclosures and other key opportunities. The company has an aggressive growth strategy for the next three years that includes diversification into commercial lending.
Posted by bousbous55 on :
hope this news helps in some way.
Posted by Cashmaker on :
Nope...seems to be tumbling. Depending on your perspective on the long-term value of this company, this could be good or bad.
Posted by Murnak on :
Union Equity Plans Expansion (UNQT) Listen to 1/26/05
Get out of this while you can, just lost %25 of my ira...sadness
Posted by Nicholas on :
and now the stock is worthless...nice
Posted by Murnak on :
Union Equity in Discussions to Acquire Florida Home Builder Monday March 14, 9:05 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--March 14, 2005--Union Equity Inc. (Pink Sheets:UNQT - News), a national real estate development and holding company, has scheduled discussions this week with a South Florida home builder with the intent of an acquisition. The acquisition would allow Union Equity immediate entry into the construction and development of single family home projects. "We are very excited about this potential acquisition since the current Florida housing market isn't slowing down and the new Scripps Research Institute project could push demand to an entire new level," said CEO Michael Anthony.
Anthony refers to the pending Scripps Research Institute in Palm Beach County. According to the Palm Beach Post, the California biomedical facility could put the region on the national map as a biotechnology hotbed. Once operational, the facility could create the need for up to 10,000 homes in the area.
"The Scripps project is just an added bonus to the market," Anthony said. "With or without it we still have one of the strongest housing markets in the country."
According to a recent article in the St. Petersburg Times by Robert Trigaux, Florida housing prices rose 18.79 percent last year. Among the big metro areas in the state, West Palm Beach, Fort Lauderdale and the Miami area recorded higher housing appreciation rates than this area in 2004. All major Florida markets were still well above the national average of housing appreciation last year of 11.17 percent. Florida ranked fifth nationally in housing appreciation in 2004.
Posted by Murnak on :
Only the beginning!
Union Equity Executes Contract to Acquire Eden Development Group and Sets Closing Date via COMTEX
March 30, 2005
PALM BEACH, Fla., Mar 30, 2005 (BUSINESS WIRE) --
Union Equity Inc. (Pink Sheets:UNQT), has executed contracts to acquire Eden Development Group a residential property developer. Eden Development will become a wholly-owned subsidiary of Union Equity. The closing will occur on or before April 14, 2005.
"We are extremely excited about this acquisition as it will give us immediate entry into one of the hottest housing markets in the country, Florida," said CEO Michael Anthony. "The demand for new residential housing is far outpacing the current supply. We see no signs of the market slowing any time soon," said CEO Michael Anthony.
The company continues to seek out other acquisitions and/or mergers in the areas of land development, residential mortgage financing and construction/general contracting. Union Equity's objective is to become a one-stop source for the residential housing and mortgage finance consumer.
The company has a particular interest in South Florida, due to the pending Scripps Research Institute in Palm Beach County. According to the Palm Beach Post, the California biomedical facility could put the region on the national map as a biotechnology hotbed. Once operational, the facility could create the need for up to 10,000 homes in the area.
"The Scripps project is just one area of opportunity that the company is closely monitoring," Anthony said. "With or without it we still have one of the strongest housing markets in the country and our company will position itself to capitalize on this opportunity."
Posted by Murnak on :
Great volume today!
Keep on your watch list!
Posted by Murnak on :
Eden Development Group President Bringing Two Decades of Construction Experience to Union Equity Tuesday April 5, 10:14 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--April 5, 2005--Union Equity Inc. (Pink Sheets:UNQT - News) quickly approaches the closing date for its acquisition of Eden Development Group. EDG's president, James T. Wadsworth Jr., is bringing more than two decades of construction experience to the table and will stay on board to spearhead Union Equity's residential construction and development projects in South Florida. As previously released, the closing will occur on or before April 14, 2005.
"Jay is the ideal contractor," said Union Equity CEO Michael Anthony. "The guy has worked on everything from historic homes to multi-million-dollar Palm Beach estates. I like him because he brings his projects in under budget and on time. He's also got a serious talent for maximizing space and including lots of classy features without sacrificing the bottom line. His reputation in the industry is golden. We're lucky to have him."
James T. Wadsworth Jr. has been a licensed general contractor in Florida for nearly two decades. In his lifetime he has worked on more than 1000 homes.
Posted by Murnak on :
look at the volume!
must be a lot of flipping!!!
Posted by Murnak on :
Volume up! price up 40%....
this maybe the "Acquisition" push getting started!!!
Posted by Murnak on :
can't wait...
As previously released, the closing will occur on or before April 14, 2005.
Posted by bond006 on :
i don't know but i like this stock looks good for the long run i like there approach to the commercial end of the business. i am in light rigth now but will keep an eye to add. Posted by Murnak on :
Two more days then news!
good volume so far!
Posted by Murnak on :
Breaking out .0018 up 38%
Posted by Murnak on :
wed should be better! imo
Posted by Murnak on :
Looking great today! Still time to get in!
Posted by HitMe101 on :
Almost 3 times!!!Great pick for sure!!
Posted by Murnak on :
Slight pullback another chance to pick up a few shares!
Posted by Ziptar on :
rallying back from yesterday's lose early this am.
Posted by Murnak on :
Playing games drop on small sales!\ Wheres the news???
Posted by twright2k4 on :
this company is a scam... beware.
Posted by Murnak on :
Union Equity Approves 600% Dividend for Shareholders
April 18, 2005 09:08:01 (ET)
PALM BEACH, Fla., Apr 18, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) has approved a 600% dividend in the form of six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up.
Shareholders of record on 4/27/05 will receive six shares for every one share of common stock owned on that date.
"We want to reward our shareholders for their continued loyalty," said Union Equity CEO Michael Anthony. "Their steadfast belief in our company has allowed us to expand rapidly and diversify into peripheral markets."
In accordance with SEC Rule 10b-17, NASDAQ has been notified 10 calendar days in advance of the record date.
Posted by glenngsxr on :
Ok, A couple things here. 1) Will this take place automatically on that date of the forward split, will my shares increase without me having to do anything? 2) I know there are different grades of common stock. Are daytraders, like us, included in this?
Posted by Murnak on :
If you own the shares on the date 4/27/05 your golden!
nice rentry point now!
Posted by Murnak on :
Up to .0044 again and climbing!!!
Posted by Murnak on :
Union Equity Responds to Shareholder Inquiries
April 18, 2005 14:11:01 (ET)
PALM BEACH, Fla., Apr 18, 2005 (BUSINESS WIRE) -- As released this morning, Union Equity Inc. (Pink Sheets:UNQT) has approved a 600% dividend in the form of six-for-one forward split. Shareholders of record on 4/27/05 will receive six shares for every one share of common stock owned on that date and odd lots shall be rounded up.
"We've received a lot of inquiries about the company recently and want to make sure shareholders understand some important facts," said CEO Michael Anthony.
The six-for-one forward split does not apply to the 6,049,244,000 restricted shares closely held by management. Currently there are approximately 117,000,000 shares in the float.
In accordance with SEC Rule 10b-17, NASDAQ has been notified 10 calendar days in advance of the record date. The mail date for the additional shares is May 16, 2005.
Posted by <Stock Watcher> on :
This stock looks like its heading for trouble....I would get out now IMHO
Posted by WINNER24 on :
yea.. your shares will authomatically increase on record date .. may 16.
quote:Originally posted by glenngsxr: Ok, A couple things here. 1) Will this take place automatically on that date of the forward split, will my shares increase without me having to do anything? 2) I know there are different grades of common stock. Are daytraders, like us, included in this?
Posted by <Stock Watcher> on :
RSI was at 62.5 today meaning this pps is being overbought and likely to drop in price when it reaches 70. I am all for a forward stock split...I just see this going lower with an accumlation of more shares. Eventually, however it will get back to the price it is today once it does its tailspin...GL if you are in this one
Posted by Murnak on :
I like a 9 day rsi better! by itself it means little imo....
By: allinone26 19 Apr 2005, 11:45 AM EDT Msg. 935 of 937 Jump to msg. # I contacted investor relations and the gentleman told me that the company is about to make some further acquition announcements along with completion of an already reported purchase of Eden. Further when I mentioned about 6X the share amount he just snickered and said "if you are a shareholder of this company, you will be very pleased with the results of some very hard negotiations. We truly intended the 600X dividend as a reward not a dilution to the company stock"! Well that is what you have from a simple phone call!!!
Posted by glenngsxr on :
ok, let's say I own the shares on the report date of 4/27/05 and I am eligible for the 6:1 forward split that I should receive on 5/16/05. After the report date am I allowed to trade those shares or do I have to hold them until I actually receive them. How does this situation work? Forgive me, never dealt with a forward split yet. I'm only 20 years old and new to the game. Glenn
Posted by Murnak on :
Glen you have to get the shares to the broker by settlement date so check with them....may have to have them in your account before you sell depending on Broker! Good Luck, Trying to get my 20 year old to learn this but not too interested yet! Commodities or Forex is easier...lol
Posted by redadair on :
Union Equity Completes Acquisition of Eden Development Group, Responds to Shareholder Inquiries Regarding Forward Split 4/19/2005 2:09:01 PM
PALM BEACH, Fla., Apr 19, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) has completed its acquisition of Eden Development Group, a residential property developer. This acquisition will provide Union Equity with turn-key access to the residential housing market in South Florida.
James T. Wadsworth Jr. will stay on as Eden Development Group's President and will spearhead the company's construction and renovation projects. Wadsworth has been a licensed general contractor in Florida for nearly two decades.
"Jay has longstanding relationships in place with quality subcontractors and he's got a discerning eye for opportunity," said Union Equity CEO Michael Anthony. "We will release news immediately as soon as we move on our initial projects together."
The company continues to seek out other acquisitions and/or mergers in the areas of land development, residential mortgage financing and construction/general contracting. Union Equity's objective is to become a one-stop source for the residential housing and mortgage finance consumer.
In addition, the company has approved a 600% dividend in the form of six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up. Shareholders of record on 4/27/05 will receive six shares for every one share of common stock owned on that date. The mail date for the additional shares is May 16, 2005.
"We received numerous inquiries yesterday regarding the split so we want to make sure everyone understands how it works," Anthony said. "For every one share of stock owned on 4/27/05 the shareholder will receive six additional shares."
The six-for-one forward split does not apply to the 6,049,244,000 restricted shares closely held by management. Currently there are approximately 117,000,000 shares in the float.
About Union Equity
Union Equity is a national real estate development and holding company, specializing in the fields of Residential Property Development, Mortgage Finance and Construction of New Residential Properties. The company operates independently and through its wholly-owned subsidiary Eden Development Group and plans to grow aggressively over the next two to three years through acquisitions, mergers and internal growth.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004.
Further information on the company can be found on their website; http://www.UNQT.com
SOURCE: Union Equity, Inc. Union Equity Inc., Palm Beach Investor Relations, 800-916-3457 Fax: 800-916-3451 contact@union-equity.com
.
Posted by <Stock Watcher> on :
I told you this would go lower...just a formality of a stock split announcement. I still think this is a dilution even though it was stated in a PR that it wasn't. Not trying to bad mouth this stock...I will probably buy some of this stock myself. I've always said "Free shares are good shares."
GL
Posted by Murnak on :
Yes, and thats a another trading opportunity!
Posted by Murnak on :
The company continues to seek out other acquisitions and/or mergers in the areas of land development, residential mortgage financing and construction/general contracting. Union Equity's objective is to become a one-stop source for the residential housing and mortgage finance consumer.
May find some real bargains in the hurricane damaged areas!
Posted by Ziptar on :
I currently have 10K Shares of UNQT. I am a newbie. What do I need to do for the 6 to 1 split?? Do I just leave them in my ameritrade account and they will be split automatically??
Thanks.
Posted by Murnak on :
Thats it!
Posted by bond006 on :
sounds good i just picked up more today at thease prices i don't think it will stay here long.this guy like to put out the pr so i think we will be very surprised and informed. go unqt go
Posted by glenngsxr on :
Ziptar, Just asked the same question yesterday. You have to be an owner of shares on the report date of 4/27/05. That will record you as the owner automatically trough nasdaq(all electronic). Then, on May 16th, 2005 those shares will be so called "mailed" to you. Then, you have just become six times more owner of this company in your own special way. Isn't this stuff cool as hell! Happy trading. Glenn
Posted by Thorn on :
Just to clarify, if someone buys shares today and holds them to sell them on 4/28/05, would they still receive the dividend shares on May 16?
Posted by Thorn on :
Does anyone watching UNQT have L2 for pinks? Please post if you do. Tx!
Posted by Thorn on :
No one has L2?
Posted by Murnak on :
Is this our UnionEquity? Union Equity Corporation is one of the fastest growing mortgage companies because of our commitment to place each client with the best possible loan. Our staff of experienced loan officers listen to each client's individual needs before they go to work to put together the best options available. Our programs range from no down-payment purchase loans to debt-consolidation home equity loans at the best rates available.
We have programs to fit any need or credit history. No matter what your situation, one of our loan specialists can discuss programs and options with no sales pressure. All rates and fees are discussed before we begin to work for you. Usually we can provide several options from which to choose.
At Union Equity we realize your home is your most important investment and we treat it with the care it deserves.
Call us today at 888-335-9968 to see how we can help you!
I don't think so. It just happens to be a nice sounding name.
UNQT = union-equity.com not unionequity.com
Posted by Thorn on :
"Union Equity Inc is a Delaware Corporation." Note the "Inc." It is confusing that they have "Union Equity Corporation" on their website heading.
Note the company/name symbol for UE Corp: compared to the company/name symbol for UE Inc:
Also, UE Corp's slogan is: "Your Goals, Our Solutions". UE Inc's slogan is: "Business That Adapts".
These are in no way definitive facts that separate the two; send them an email and ask. However, there are probably a lot of "Union Equity" companies. The name can't be copyrighted.
[ April 20, 2005, 15:47: Message edited by: Thorn ]
Posted by Thorn on :
Now that's funny. Market closes on a 100 share buy at 0.0038; that's a whopping $.38 investment.
It should have closed at 0.0033 or 0.0034. Talk about messing up the statistics. Posted by Murnak on :
MM Signals................................
a-Signals between MMs... 100 > I need shares 200 > I need shares badly but dont take it down to get em 300 > Take the price down to get shares.... 400 > Trade it sideways based on Supply and Demand 500 > Gap one way or the other, usually to the direction of the 500 trade. Sometimes -if in the middle -keep the price right where it is.
Posted by Thorn on :
Is this for real? Are you serious? April 1 is long past, so I'm just checking.
Posted by Thorn on :
Union Equity Responds to Shareholder Inquiries; USA Today Declares ``Housing Market on Miami Coast is Hot, Hotter, Hottest``
April 21, 2005 09:17:01 (ET)
PALM BEACH, Fla., Apr 21, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) CEO Michael Anthony couldn't have said it better. The 4/19/05 issue of USA Today by Marilyn Adams profiled the condominium construction boom in south Florida and provided readers with some remarkable insight as to why this market is unique.
The article stated that: "Florida's developers and real estate brokers are flying high amid an unprecedented condo-building and -buying wave they hope won't end anytime soon. The frenzied spending is coming to a large extent from outside Florida -- well-to-do baby boomers from the North nearing retirement, and foreigners whose money for real estate has gained potency from a weak dollar."
"The economy has gone through a serious economic shift over the past twenty years," said Union Equity CEO Michael Anthony. "We're dealing with a massive influx of overseas dollars flooding in to buy a piece of the Florida dream. For years I've been trying to get people to understand what's happening here but unless you see it for yourself it's difficult to understand the scope of all the building and renovation."
The USA Today article went on to state: "The weak dollar makes Florida real estate look like a bargain abroad. To Europeans with euros to spend, for example, Florida property can seem like a deal because of the added buying power they get from a favorable currency exchange rate. Unlike the past, today's Florida developers aren't targeting just retirees or snowbirds from the Northeast and Latin America. Luxury buildings are targeting the wealthy worldwide."
"South Florida is going through the largest urban redevelopment in its history," says Michael Cannon of appraisal firm Integra Realty Resources.
Union Equity currently has several projects under consideration and will post news as soon as is appropriate.
The company has recently approved a 600% dividend in the form of six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up. Shareholders of record on 4/27/05 will receive six additional shares for every one share of common stock owned on that date. The mail date for the additional shares is May 16, 2005.
The six-for-one forward split does not apply to the 6,049,244,000 restricted shares closely held by management. Currently there are approximately 117,000,000 shares in the float.
"We're moving aggressively as possible in this market," said Anthony. "This is my backyard."
The USA today article by Marilyn Adams can be read in its entirety at;
Union Equity is a national real estate development and holding company, specializing in the fields of Residential Property Development, Mortgage Finance and Construction of New Residential Properties. The company operates independently and through its wholly-owned subsidiary Eden Development Group and plans to grow aggressively over the next two to three years through acquisitions, mergers and internal growth.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004.
Posted by Thorn on :
Nice run. Murnak, thanks for picking this one! You must be really happy, having bought in at .0011 (or was it .0009?). Posted by Murnak on :
Yes I'm doing okay!
It will be better at a penny!lol
Posted by Thorn on :
I'm still interested in L2 if anyone has it....
Posted by Peaser01 on :
Anyone here holding on to what they have before the F/S takes place? What are some outlooks and Opinions as to what is ahead after the F/S? Could this turn into a group play after the F/S?
[ April 21, 2005, 12:27: Message edited by: Peaser01 ]
Posted by Thorn on :
I'd like to know about that too, Peaser. I've not done a F/S before.
Volume topped 50M. I've got two 9M trades showing.
Posted by Thorn on :
There was a 200 (I need shares badly but don't take it down to get em).
What does 0 mean for MM code? Anything? There was a 0 just before the 200.
Posted by Murnak on :
The 0 may be the 9 mil that was canceled?
not sure....
still strong and up 31%
Posted by Thorn on :
Nice. I had to run home; it went up 6 more points.
Two more 200's...at 13:05 and 13:23
Posted by Thorn on :
We've traded over 50% of float (58.5M).
Posted by Murnak on :
Last 5 days we traded 290 mil and 5 days before that 137 mil
a lot of flipping and maybe a short squeeze coming!
Posted by Thorn on :
Squeeze?
Posted by glenngsxr on :
Could someone tell me what the "short squeeze" terminology means? Glenn
Posted by Peaser01 on :
2 New PR's out today!
Related Quotes Sym. Price Chg. UNQT Trade News 0.005 0 New Union Equity Website Feature Designed to Inform Shareholders; Record Date Approaches for Forward Split
April 22, 2005 08:13:01 (ET)
PALM BEACH, Fla., Apr 22, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) CEO Michael Anthony understands that communication is the backbone of any successful business, whether publicly traded or privately held. Information must be disseminated fairly, accurately and in a timely fashion.
Consequently, the company has added a special Shareholder Center to their website http://www.UNQT.com. In addition to distributing press releases, CEO Anthony believes it is the single most effective way to keep shareholders in the loop regarding company news.
"The company has gained almost a celebrity status recently, particularly in the past week," Anthony said. "When national publications start touting the power of the South Florida real estate market it definitely gives us momentum. You can't buy press like this."
Anthony is referring to an article entitled "Housing Market on Miami Coast is Hot, Hotter, Hottest" that was written by Marilyn Adams and published in the 4/19/05 issue of USA Today. The story profiled the condominium construction boom in South Florida.
"Launching the Shareholder Center on the company website was our most logical move," said Anthony. "The Shareholder Center allows us to effectively disseminate information and answer questions. Right now there are so many people trying to conduct due diligence by deciphering erroneous postings on industry message boards and chat rooms. We want shareholders to have immediate access to an accurate alternative information source."
Shareholders and the general public are encouraged to go to the Shareholder Center page of the company web site and click on the Message from CEO links. Specific questions should be forwarded to the company via e-mail so that they may be answered in future Shareholder Center updates.
In addition, the company has recently approved a 600% dividend in the form of six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up. Shareholders of record on 4/27/05 will receive six additional shares for every one share of common stock owned on that date.
About Union Equity
Union Equity is a national real estate development and holding company, specializing in the fields of Residential Property Development, Mortgage Finance and Construction of New Residential Properties. The company operates independently and through its wholly-owned subsidiary Eden Development Group and plans to grow aggressively over the next two to three years through acquisitions, mergers and internal growth.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004.
Posted by Peaser01 on :
April 22, 2005 09:12:01 (ET)
PALM BEACH, Fla., Apr 22, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) is currently reviewing numerous real estate projects, the most immediate of which are based in South Florida.
"We're looking at some residential renovation projects in the historic districts of West Palm Beach as well as some turn-key projects in the Miami area," said CEO Michael Anthony. "Our goal is to accumulate a basket of quality properties over the next twelve to eighteen months. Some properties will be put back on the market immediately if there is an opportunity for a short-term profit and other properties will be kept in portfolio if their upside appears to be more long-term."
The West Palm Beach historic districts that Anthony refers to are the El Cid, Northwood and Flamingo Park areas that surround the city's traditional downtown business district and City Place, West Palm Beach's powerhouse enclave of exclusive shops, restaurants and nightclubs. West Palm Beach's downtown and City Place are located adjacent to one another within a two-square mile area.
"The most successful developers in South Florida are the ones who stick to the basics and spread their efforts between West Palm Beach and Miami. Since 1975 I've seen a lot of guys come and go, but the true superstars of the industry are the ones who stay flexible, work hard and don't over-extend. We intend to do the same."
The company will post additional news as soon as contracts are signed on projects that are currently under review.
In addition, the company has recently approved a 600% dividend in the form of six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up. Shareholders of record on 4/27/05 will receive six additional shares for every one share of common stock owned on that date.
About Union Equity
Union Equity is a national real estate development and holding company, specializing in the fields of Residential Property Development, Mortgage Finance and Construction of New Residential Properties. The company operates independently and through its wholly-owned subsidiary Eden Development Group and plans to grow aggressively over the next two to three years through acquisitions, mergers and internal growth.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004.
Posted by Thorn on :
a 200 share trade at 9:54.
Posted by Peaser01 on :
My 500k will be 3 million shares shortly. How sweet it is! Up $1200 so far today!!
Posted by Murnak on :
Getting to free shares is good! imo
exciting huh!
Shareholder Center 4/22/05 The company has truly gained celebrity status over the past week, partly due to some very positive news articles pertaining to the Florida real estate market that have run in national publications. It's always reassuring to see that there are others out there who believe in our business approach and possess our steadfast belief in the opportunities that exist in the Florida real estate market.
It's even better when they're vocal about it and write for a national newspaper. But along with any degree of celebrity come the uninvited byproducts; gossip, misinformation and naysayers. We respect and appreciate the fact that everyone has an opinion, but conducting due diligence on any company by frequenting chat rooms and message boards is not the most scientific or reliable approach.
In order to separate fact from fiction we encourage shareholders as well as the general public to go directly to the source and contact the company electronically or simply check the company web site for updates. Due to the enormous volume of inquiries we receive it can be difficult to respond to each one individually. Consequently, the company has plans to launch an electronic newsletter that will be distributed quarterly.
In the meantime we will continue to publish company news frequently in order to keep our shareholders informed.
hope I can hold till .02-.05 pre split!
Posted by Thorn on :
You mean, you hope it reaches .02-.05 before the split, right?
Holding it isn't really a problem: just don't hit the sell button .
Hmmm. .0245 would put it back at .0035 after the split. Then it will continue going up. But let's stop dreaming. No profit until you sell!
Posted by Thorn on :
200 at 13:10 and 13:14. This thing is wild. The MMs can't get enough.
Er...any meaning to 700?
[ April 22, 2005, 14:06: Message edited by: Thorn ]
Posted by Murnak on :
that one is new!lol
This is interesting.....how high can we go....
Posted by Thorn on :
another 200 at 14:35. There sure have been a lot of those. I even considered waiting to post this, lest another one show up shortly. Posted by Thorn on :
15:20 another 200
Looks like we won't make it beyond .0074 today. I wouldn't expect a lot Monday-Wednesday next week., but that is pure opinion; I coudld be wrong.
15:32, 15:33 - 200; Maybe this could turn into a nice run. 15:35x2.
[ April 22, 2005, 15:38: Message edited by: Thorn ]
Posted by Murnak on :
trying to get to .008 hit .0078 again!
Posted by Thorn on :
Just last night I was thinking it wouldn't hit 8... Woot!
.0085...how much higher?? 15 min left...
This is all fine and dandy, but I wonder what price it will have on Thursday when people can sell it without loss of the dividend.
Looks like some MMs were holding it back. That would explain the frequent 200 trades. One MM was needing more shares.
Oh my! .009! Pennyland is within sight!!
Pennyland is here and there's two more 200s. The demand must still be very strong.
[ April 22, 2005, 15:58: Message edited by: Thorn ]
Posted by Murnak on :
Now thats the way to start a weekend!!!!!!!!!!
WOW!!!
Posted by Peaser01 on :
Nice profits today everyone! This has been shorted pretty hard I think today.
[ April 22, 2005, 16:37: Message edited by: Peaser01 ]
Posted by Thorn on :
Where will it go from here, Peaser? Are you sure it was shorted? I watched it all day and it rarely dropped much at all (a brief lul at .007, but no major drops to make a big profit off of with a short sell).
Posted by Peaser01 on :
Remember this is a pink, it's hard to figure out if it has been shorted or not.
I think the price will continue to move up until the 27th.
I wonder if the real reason for the 6/1 forward split could be related to covering a possible naked short?
Posted by Murnak on :
More like forcing naked shorts to cover !!!
Posted by Original_Cashmaker on :
I honestly think this will
Posted by Original_Cashmaker on :
pull back sharply, and then rebound. With this much volume I think there will be a lot of flipping. This was at .0015 a few weeks back, that is over a 500% gain, a 6:1 split does not warrant that kind of run up. I still like this long term but I am glad I got out near the top on Friday.
Posted by Peaser01 on :
Me too. I got out as well. It took 4 sales, but got rid of my 500k I was holding.
Posted by Murnak on :
Well I didn't want to miss a possible gap up monday so I'm holding free shares, took a nice profit also late friday!
Nice going guys!!!
Whats next????
Posted by Murnak on :
This may help clear up the split question with this Aetna's example!
What happens if I sell my shares on or between the Record Date and the Distribution Date? Between the Record Date, February 25, 2005, and the Distribution Date, March 11, 2005, two separate markets will exist for Aetna's Common Shares. Shares trading under the symbol "AET" will continue to trade at the higher pre-split price in the "regular way market." Shareholders who sell in the regular way market will receive value for the shares they sell and are not entitled to the split shares thereafter. By selling "regular way", shareholders transfer their rights to the split shares to the buyer through a mechanism called a "due bill." "When issued" trading is reported under the symbol AETWI. When issued trading ceases on the Distribution Date. For further information about "when issued" trading, you should contact your broker.
There were at least 7 "200" messages on Friday, and several on the previous two days. To me it would seem that the MMs were holding it down and only at the end was it let go (which is why it shot up so far eod). With such a low float, I'd expect it would continue to go up due to too few shares to meet demand. Crazy people are going to want more now that the company has gotten national attention, so even if MMs try to pull it down there will be just too many buyers for it to drop much. I'm thinking it won't stop going up (with some small drops, sure) until the 28th.
Of course this is pure speculation on my part. Posted by BuyTex on :
News: Company clarifies split dates; exec locks up own shares
Union Equity Responds to Shareholder Inquiries Regarding Record Date of Forward Split 4/25/2005 9:03:01 AM
Apr 25, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) has recently approved a 600% dividend in the form of six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up. Shareholders of record on 4/27/05 will receive six additional shares for every one share of common stock owned on that date.
"Some people are being told that they have until May 16, 2005 to participate in the forward split," said CEO Michael Anthony. "This is incorrect. They must own the stock by the close of the market on April 27, 2005, this Wednesday."
Anthony speculates that some investors are receiving erroneous information confusing the Record Date with the Mail Date.
The Record Date for the forward split is April 27, 2005. Simply stated, if someone owns stock in the company on that date they will receive six additional shares of common stock for every one share they own. If someone purchases stock the next day, April 28, 2005, they just own the one share of stock they have purchased. They will not receive six additional shares.
The Mail Date for the forward split is May 16, 2005. This means that by this date the transfer agent will mail the additional shares to the applicable brokerage companies or to the individual shareholders who owned the company stock as of April 27, 2005. [about co; fwd-looking statements]<next> ************ Union Equity CEO Agrees to Lock-Up Agreement to Prohibit Sale of All Restricted Stock; Record Date Approaches for Forward Split 4/25/2005 8:35:01 AM
PALM BEACH, Fla., Apr 25, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) CEO Michael Anthony has agreed to enter into a lock-up agreement that will prevent him from selling any of his restricted company stock on the open market. This represents 6,049,244,000 shares of restricted stock.
This contract will double the standard twelve-month restriction that currently exists on Anthony's insider stock. He will not be able to sell his stock on the open market until November of 2006. After that date he will still be bound by Rule 144 restrictions that govern the sale of insider or affiliate stock.
"Numerous investors have shown a tremendous amount of good faith by investing in the company," Anthony said. "Now I need to show them I'm in this for the long haul."
The contract is currently being drafted by Union Equity's legal counsel. Once executed, the contract will be posted on the company web site in PDF format.
In addition, the company has recently approved a 600% dividend in the form of a six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up. Shareholders of record on 4/27/05 will receive six additional shares for every one share of common stock owned on that date.
Posted by jason10 on :
ok this is pissing me off now i have a bid in for .01 and they have sold 2million shares at .009 since i put mine in >.<
Posted by Thorn on :
There must be a lot of orders in front of yours.
Posted by jason10 on :
they were selling UNDER my offered buy price thats BS it shouldnt happen orders in front of mine shouldnt matter if my offer for the stocks is higher
Posted by glassman on :
that is short-selling...
Posted by BuyTex on :
looks like the doublers are bailing...any L2 reports?
Posted by ya ya on :
big B/A spread .008/.01
Posted by Thorn on :
quote:Originally posted by glassman: that is short-selling...
I think so. That's what I was afraid might happen.
Posted by Murnak on :
Not getting a fill!
what a roller coaster...
Posted by jason10 on :
anyone got the bid ask? how many ask are at .01
Posted by Thorn on :
quote:Originally posted by jason10: they were selling UNDER my offered buy price thats BS it shouldnt happen orders in front of mine shouldnt matter if my offer for the stocks is higher
To clarify -- from Ameritrade:
quote: Thank you for contacting us today concerning this order.
With a limit order you will want to keep in mind that you are only guaranteed to receive your price or better, not a fill. Fills are directly related to how many orders and shares are in front of your order, and how many shares are available at each price. Consequently, your order may not fill even if your limit price is reached.
The security you are inquiring about is listed on the Over-The-Counter Bulletin Board (OTCBB). One of the most common mistakes made when trading stocks listed on the OTCBB is equating the rules of trading listed stocks (i.e. NYSE, AMEX, etc.) with the way orders are executed by OTCBB market makers. Those stocks listed with an exchange trade in an environment that brings buyers and sellers together so that investors primarily trade with other investors in that type of market. However, stocks listed on the OTCBB are handled differently. With OTCBB securities, all trades involve a market maker. The market maker usually buys from the seller and sells to the buyer.
OTCBB securities do have "Limit Order Protection" rules in place, but that only guarantees that the market maker holding your order cannot trade ahead of you. It does not require the market maker to "reflect" your order to the rest of the market, and it does not prevent a different market maker from trading at or through your price. There may be times when the market maker holding your order will "match" your trade with another investor, but this is done based on opportunity only. Therefore, there are many times when you see trades above and below your price and you still are not due a fill.
Posted by ya ya on :
Getting pummeled right now
Posted by ya ya on :
does anyone see another eod run
Posted by jason10 on :
god i hope so
Posted by Chris on :
200 share trade Posted by gotti1721 on :
i think alot of people sold around .01, so prolly looking to buy back in.....right now looks good
Posted by cajrel on :
Hello,
I have been following you all talking about this stock ...I have been trading since DEC 04 and I am new to this board. UNQT are you all buying back in to take advantage of the free shares?,,,I noticed people are selling.
Posted by HILANDER on :
selling off half or profit or whatever for free shares.
Posted by jason10 on :
who else besides me thinks this is gonna pop right back to over a penny tommorow the 3 month rsi went from really high to barely 50 today
good charts and the split on wednesday i think this will recover nicely Posted by BuyTex on :
I think with accurate information, people who want in on the split will keep buying and those who don't will keep trading and exit before close of business Wednesday. The problem is some folks think they had to buy last Friday, which the company says is not true. I--and many others, I bet--e-mailed the co. last week for clarification but it came out in pr wires only this am. So they get a hickey for poor PR but a bonus for their role in the FL real estate mkt, which is hotter than a pistol-whipped duck. All I know to do is keep posting accurate info and trust that it gets around the inv/trader community...so anyone who's interested should get this url:
News for 'UNQT' - (Union Equity Implements Goliath Program; Asks Shareholders to Submit E-Mail Addresses)
PALM BEACH, Fla., Apr 26, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) has initiated its "Goliath Program." The program entails establishing cooperative relationships with some of the nation's largest real estate buyers, particularly those who specialize in condo conversions.
"For example, there are developers out there who we consider to be the true royalty of the industry," said CEO Michael Anthony. "They buy the most exclusive apartment buildings in South Florida, make them even classier, and then turn around and sell them off as condominiums. Their business model is genius and they focus on projects in the $100 million range. However, their projects sell out fast and leave many buyers wanting more."
Union Equity will work to establish a formal working relationship with one or more of these powerhouse developers to accommodate the buyers who don't manage to secure a unit.
"Because of the limited amount of space in downtown West Palm Beach, we want to collate a group of buyers who got left out for whatever reason and point them in the direction of a smaller project with many of the same amenities they are already looking for. We plan to pre-sell our units and run the project just like a $100 million condo conversion except on a smaller scale in the immediate peripheral areas."
Last week Margolias Realty Group paid $91 million for The Strand, a 275-unit waterfront rental multifamily complex in downtown West Palm Beach. Details of the transaction can be viewed at http://www.globest.com/news/269_269/miami/133464-1.html. It should be noted that Union Equity has not yet contacted Margolias Realty but intends to do so in the coming days. Also, no current relationship exists between Union Equity, Inc. and Margolias Realty. In addition, Union Equity intends to contact several such developers who specialize in large-scale, condo-conversions.
Union Equity also requests that shareholders as well as the general public contact the company through their website and provide their e-mail addresses so they may be included in the company's upcoming quarterly newsletter. The company has received numerous inquiries through their toll-free phone number and wants to make sure these individuals are included along with those who have already submitted their e-mail addresses online.
In addition, the company has recently approved a 600% dividend in the form of a six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up. Shareholders of record on 4/27/05 will receive six additional shares for every one share of common stock owned on that date.
About Union Equity
Union Equity is a national real estate development and holding company, specializing in the fields of Residential Property Development, Mortgage Finance and Construction of New Residential Properties. The company operates independently and through its wholly-owned subsidiary Eden Development Group and plans to grow aggressively over the next two to three years through acquisitions, mergers and internal growth.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, which represents the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof and the adequacy of future operations to provide sufficient liquidity. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) fluctuations in price, demand and supply of real estate markets and (iii) risks associated with high capital long term investments.
Further information on the company can be found on their website; http://www.UNQT.com. SOURCE: Union Equity, Inc.
Posted by jason10 on :
i like it up up up back over .01 today /crosses fingers
Posted by jason10 on :
get back in before it takes off again
Posted by jason10 on :
seriously its about to go up again its gonna start moving in .001s again
Posted by jason10 on :
i tried to tell you guys this morning you could have got it at .006 and been up 50%
Posted by jason10 on :
strong resistance to breaking a penny its damn close one right move and this thing hits .012-.015
Posted by ya ya on :
should run to the close tomorrow and then who knows,hoping to break the penny mark to get som back i lost yesterday.Staying in until atleast after the split.
Posted by glenngsxr on :
I was actually thinking about getting back in after the drop yesterday and after seeing you agreed with me, I did, at .0064. I sold my tnog to do so, but had intentions already and still cleared a 87% profit off of them. It just all came together this morning. What's your take on tomorrow?
Posted by Ziptar on :
Starting to think if it hit's $.01 again I should sell it take profits and get back in but, I don't know if I'll get back in below $.01 tomorrow...
Posted by Murnak on :
Rochester, NY, Apr 26, 2005 (M2 PRESSWIRE via COMTEX) --
OTCStockExchange.com's "Mid-Day Stock Watch Alert" this afternoon are SportsNuts, Inc. (OTCBB: SPCI), Wireless Xcessories Group, Inc. (OTCBB: WIRX), Heartland Oil & Gas Corporation (OTCBB: HOGC), Union Equity Inc. (Pink Sheets: UNQT).
Posted by HILANDER on :
You would think that those who are selling would figure out that they probably shouldn't. Every sell order is matched almost imnmediately with a buy. just think of the momentum this would create if those fools would stop selling.
Posted by jason10 on :
agreed if this can break past that .009 it could easily hit .015 today
Posted by HILANDER on :
I have made my money off of this, I am back in and still green. I want to see a run just so that all of those people who sold at .0059, .0063, .0070, etc miss the boat. I could be wrong maybe this will tank, but right now the only thing these sells are doing are killing the momentum. The time to sell isn't now, it's tomorrow morning. If it gets below .007, I'll buy another 100k and laugh all the way to the bank.
Posted by HILANDER on :
can't get filled at .0068
Posted by glenngsxr on :
Just out of curiosity, why sell tomorrow morning? Will the price drop dramatically tomorrow? If I did sell, will I still get those 6:1 shares or will I have sold them all to the buyer?
Posted by ya ya on :
You need to hold them until after the split.I don't see a selloff on Wed.I see a run to the close today probably finishing a little higher then maybe a small run tomorrow.
Posted by HILANDER on :
I will most but not all of my shares. What gets left behind for the split is a portion of my profit. They will be free shares basically. I think this can run but am losing a little confidence in it now. I was hoping to see a penny, but that is starting to look doubtful, but we'll see. I am guessing the price will drop because tomorrow is the last day to be in on the split. After that we all know the PPS WILL BE 1/6 Of the previous close. I am just not sure of the date. Also, I am not sure about the settlement date questions etc. There are too many unknowns for me to want to keep this after tomorow. A little convoluted, sorry about that.
Posted by glenngsxr on :
Does the split take place tomorrow morning when the market opens or will it be announced? Now let's say I own 10000 shares currently. Tomorrow, the split happens, but I don't get those other 50000 shares until the mail date on May 16th right? So, if I sold 10000 shares tomorrow, would I still get the other 50000 shares on the mail date? Sorry for the questions. Glenn
Posted by HILANDER on :
Sorry to be not much help man, but I think you know about as much as I do. But what I understand is that you need to own them at the close of market tomorrow.
Posted by jason10 on :
the settlement date is next wednesday
the shares wont drop to 1/6 until settlement date
if you own shares tommorow and sell tommorow you wont get the 6 to 1 shares you pretty much have to be holding both dates to get the extra shares
there will most likely be a last minute push to both get in on the split and to take profits so it will most likely be a wash tommorow
we really NEED and EOD run today though
Posted by HILANDER on :
totally agree with you jason10, couldn't have said it better myself.
Posted by jason10 on :
here we go .075 for the first time in 2 or so its on the way up WOOOOOOOT Posted by jason10 on :
DOH
Posted by glenngsxr on :
wash meaning it won't be moving that much because of strong sellers and buyers?
Posted by jason10 on :
yes but thats just my opinion maybe there will be alot of people holding for the split heck i dont know
Posted by ya ya on :
looking for an EOD run up.GOOOOOOOOOOOO
Posted by HILANDER on :
I'm starting to get the feeling that the MM's are manipulating this. No real strong up trend, no real strong down trend. Almost every sell is matched with a buy. Plus the wierd 0 share order a while back. hmmmmmmmmm......
Posted by HILANDER on :
pretty big sell off right now, hopefully we get some buys.
Posted by glenngsxr on :
Looks like some of the bids are finally coming up. That one at .0062 was scaring me for a little bit.
Posted by ya ya on :
I don't see a big selloff as of yet.
Posted by HILANDER on :
Yeah, I thought it was coming, ton of sales and the PPS was coming down pretty fast. Got close to todays low. My bad.
Posted by ya ya on :
ask is @.007 would be happy with a close in the 7's
Posted by HILANDER on :
15:51:58 1000 share order, MM signal to not let it run. Interesting.
Posted by jason10 on :
boy a .009 close would have been nice oh well maybe tommorow
Posted by outrigger on :
Should hit .01 or .015 before the split. My opinion is that after the split the company will start to repurchase shares. This will again drive up price before it gets removed from OTC...
Posted by glenngsxr on :
what happens when it gets removed from OTC, anything special?
Posted by Thorn on :
Off the OTC? Someone is starting a nasty rumor...or else, where is the news of this?
Posted by glenngsxr on :
no, no, wasn't a rumor or anything. outrigger just mentioned that if the stock increased dramatically to the penny land, it could come off the OTC. Exactly what are the requirements for that? Anybody know?
Posted by jason10 on :
yur pretty much are on the OTC till you either go out of business or join the nasdaq/NYSE/AMEX
at least from my understanding thats how it is feel free to correct me if im wrong
Posted by ya ya on :
That is Bogus info if you want to get out of the otc and into Nasdaq you would need to maintain a price of one dollar or above for one year straight
Posted by ya ya on :
News for 'UNQT' - (Union Equity Addresses Issue of Short Selling; Asks Shareholders to Request Stock Certificates; Record Date Today for 600% Dividend)
PALM BEACH, Fla., Apr 27, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) encourages shareholders to request as much of their stock as possible be delivered to them in certificate form. This is being done to make it more difficult for market players to short the company's stock.
"I don't believe in the concept of shorting, I never have," said Union Equity CEO Michael Anthony. "If you are going to speculate in the market you should do so based on the belief that smaller business entities are going to become larger, more financially successful companies. The concepts of economic growth and entrepreneurial innovation are the backbone of the American way of life. Personally, I would never bet on the demise of any company."
According to a recent article by journalist Joel S. Hirschhorn, "Company stocks can be sold short. Shares are borrowed from brokers who actually have them (or can get them), transferred to the purchaser, and then returned to the lender by the short seller. The short seller sees a relatively high price in the stock market and bets that the price will decline significantly. Then the stock can be bought and returned to the original lender within three days. But `naked shorting' is different. No actual stock is borrowed and delivered to the purchaser, even though the purchaser pays the short seller. The investor believes that real stock has been delivered to their account. Naked short selling has been illegal since 1933, but it has still flourished."
Union Equity requests that shareholders contact their broker/dealers and request that their shares of company stock be delivered to them in certificate form in order to make it more difficult for short-sellers to borrow stock. Theoretically, if there are fewer shares out there for short-sellers to borrow, it makes it harder for them to achieve their objective.
In 2004 Regulation SHO (for "short") was promulgated in an attempt to curtail naked shorting.
In addition, Union Equity has recently approved a 600% dividend in the form of a six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up. Shareholders of record on 4/27/05 will receive six additional shares for every one share of common stock owned on that date.
About Union Equity
Union Equity is a national real estate development and holding company, specializing in the fields of Residential Property Development, Mortgage Finance and Construction of New Residential Properties. The company operates independently and through its wholly-owned subsidiary Eden Development Group and plans to grow aggressively over the next two to three years through acquisitions, mergers and internal growth.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, which represents the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof and the adequacy of future operations to provide sufficient liquidity. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) fluctuations in price, demand and supply of real estate markets and (iii) risks associated with high capital long term investments.
Posted by Thorn on :
I can't imagine them shorting it into the split.
Posted by jason10 on :
i dont know how it usually happens but a few years ago when walmart last did a split right after they got put on the dow jones the stock price went from $57 to a split price of 23.00 back up to 57.00 in less than a month
Posted by Thorn on :
Just look at IWEB (was ICEW yesterday). Split to .25; already the bid is up to 1.00!
Posted by cajrel on :
.
[ April 27, 2005, 10:04: Message edited by: cajrel ]
Posted by cajrel on :
.
Posted by outrigger on :
Anyone know if stocks have to be held/purchased until close of market to receive split?
Posted by Ziptar on :
As i understand it, they need to be held at least until the mail date (next wendsday)... I could be wrong though.
Posted by outrigger on :
It won't fill 200k at .0068
Posted by ya ya on :
try changing the limit to .0069
Posted by jason10 on :
buy mine at .01 IMHO Posted by Murnak on :
April 26, 2005 South Florida Home Prices Take Another Leap By Alexandra Navarro Clifton Sun-Sentinel Buying a home in South Florida got even more expensive last month.
Taking advantage of low mortgage rates, buyers continued to flood the market, but they had to scramble to find homes in a shrinking inventory. Palm Beach County was the second-priciest place in the state -- behind Naples -- to buy a home, as the median price hit $371,500, a 37 percent jump over last year. In Broward, prices were up 31 percent, to $332,400. In Miami-Dade County, the median price -- the level at which half the homes are more expensive and half are less expensive -- was $322,300, a 40 percent increase over last year. The numbers do not include condominiums, townhouses or new construction. But even as prices continue rising, sales fell in all three counties in March. Miami-Dade County had the highest drop in sales, at 28 percent, from last year. Broward saw a 10 percent decrease, and Palm Beach County had a 7 percent decrease, according to the Florida Association of Realtors. "We just don't have enough inventory," said Ron Shuffield, president of Esslinger-Wooten-Maxwell Realtors, which has 13 offices in Miami-Dade and Broward counties. "It's the lowest inventory I've seen in my 30 years here."
Sellers are increasingly reluctant to put their homes on the market when they consider how much more they'll pay in taxes on a new home, said Richard Teboul, a Realtor with the Keyes Co. in Fort Lauderdale. "They know they'll have no problem selling it and they'll get full price or more," Teboul said. "But then where do they go when the taxes make it very expensive to move?" In Florida, property taxes can rise only 3 percent a year on homesteaded property. But once you move, your taxes will be based on the market price of the new home. That could double or triple a tax bill. While sellers may be wary of listing their homes, buyers are making multiple offers and often end up losing a string of properties. Buyers are resorting to making offers at or above an owner's list price. And they begin to get desperate because they know a similar property will only cost more next month, said Ann DeFries, president of the Realtor Association of Greater Fort Lauderdale. DeFries has even written letters of recommendation for some buyers who want to make a good impression on the seller, something she never did a year ago, she said. "Selling your house is a very emotional process," DeFries said. "They want to know who's purchasing the home, so I tell them where the buyer is moving from, where they're employed, how many children they have." Statewide, median home prices were up 28 percent, to $212,700, and sales were up 6 percent. Florida's median price tops the national price of $188,200 in February, a 9.4 percent increase from last year.
A year ago, the statewide median price was $165,700. Florida's prices rank toward the top nationwide. By comparison, California's median price was $471,620; in Massachusetts it was $340,000; in Maryland, $254,690; in New York, $290,000; and in North Carolina, $193,772. Low mortgage rates and high demand also helped increase prices and sales of existing homes nationwide. According to Freddie Mac, the national average rate for a 30-year fixed-rate mortgage was 5.93 percent in March, up from 5.63 percent in February, and up from 5.45 percent in March 2004. Nationally, sales rose 1 percent last month, according to the National Association of Realtors, which also tracks sales of single-family homes, townhouses, condominiums and co-ops. March sales were the third highest on record and were 4.9 percent higher than last year. National median home prices were up 11.4 percent over last year. The national median price was $195,000, compared with $175,000 last year.
Damn... Glad I bought my house in Florida last week... as it was it appraised for $26K more than we paid.... It was just 45 days from contract to appraisal...
Posted by Murnak on :
I moved here after 911 and it took 30 days to close here 3 weeks in NH....lol
And the prices have gone up great even in this slow area of Florida!
Even the Hurricanes arn't as bad here, so far!
knock, knock on wood!!!!!!!!!!
Posted by cajrel on :
are you all staying in until after the split? If so, cant the shares be sold after the split, or are they restricted?
Posted by HILANDER on :
I believe the shares are restricted until may 17.
Posted by Thorn on :
Not restricted that I've heard of (haven't heard either way actually, but I'd expect they are not restricted).
You won't get your shares until May 16/17 depending on when your broker gets them from the company.
Posted by jason10 on :
any hope for an end of day run for those last second people?
Posted by <unregistered user> on :
Well?
Posted by <unregistered user> on :
Well. Doesn't anybody have any comments or thoughts about what happened today?
Posted by glenngsxr on :
no clue, Today was a weird day. If you look at the last time UNQT did a split in 2002, the stock dropped somewhat and then leveled off after two days so tomorrow will be a deciding day. There was no bad news to make this stock turnaround like it did, but a split usually has a negative effect for sometime. Be patient, this stock will comeback soon.
Posted by Thorn on :
quote:Originally posted by <unregistered user>: Well. Doesn't anybody have any comments or thoughts about what happened today?
What are you looking for?
Posted by <unregistered user> on :
There has been so much discussion on Allstocks board about this stock and what everybody thought it was going to do. As you know it has gone down since Monday afternoon. I just wondered what people were thinking it might do in the future. (turnaround,drop further, go back up). I just wanted some peoples opinions of the situation. Thats all.
Posted by Thorn on :
I'm waiting til May 16/17 to see the final verdict. First time for me to play through a split, so I figure I owe it to myself to learn first-hand how it runs. People say that forward splits are good...this one isn't typical and has potential for being better than good.
Only time will tell. I bought early so I'm still in the green.
It's back to the support level it had pre-split-run; if the company starts showing the successes they are targeting, this one could be a real winner. Combining real estate and stocks seems like an excellent investment. I'm often hearing someone tell me to get into real estate.
(I'd like to catch a stock like this on it's way up; it started at around .0011 ).
Posted by Thorn on :
Let's see what this does...
(I hope the CEO thinks he has a very good shot at it; if he fails to buy it I think it will adversely affect the stock. It would be better if he held off til things were happening, imo).
Union Equity to Submit Bid for Mizner Mini-Mansion Business Wire - April 29, 2005 09:03
PALM BEACH, Fla., Apr 29, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) has been approached regarding the availability of a Mizner mini-mansion in the historic Northwood District of West Palm Beach. The company intends to submit a formal written offer before business close today.
"It's a distress sale and I just got the call last night from a longtime associate," said CEO Michael Anthony. "It's a gorgeous piece of property and it hasn't even been listed yet on MLS. If we can get it for the right price I'm confident it's good for a quick turnover on the open market."
Mizner mini-mansions are basically Spanish-style stucco homes with barrel-tile roofs. They have become increasingly popular over the past several years in South Florida with celebrities and high-end investors. They are typically two-story residential properties with a separate guest house.
"This style of architecture has always been one of my favorites and this particular property has already been completely updated," Anthony said. "The bottom line though is that we have to get it for the right price."
On April 18, 2005 Union Equity approved a 600% dividend in the form of a six-for-one forward split of its common stock. Shareholders who purchase stock in the company by May 16, 2005 will receive six additional shares of common stock for every single share owned. Shareholders or potential shareholders who have technical questions regarding the dividend should contact their brokers directly.
Union Equity advises shareholders as well as the general public to contact the company through their website and provide their e-mail addresses so they may be included in the company's upcoming quarterly newsletter. The tentative date for the first issue is June 1, 2005.
Posted by glenngsxr on :
That really pisses me off. I dumped a lot of TNOG a couple days before it exploded yesterday just to further increase my shares in UNQT. (I have a lot of faith in them) Oh, well at least TNOG is readjusting from yesterday so I can get back in. Happy trading.
Posted by BuyTex on :
More news: official update on split; can buy till May 16 for divvy.
With that, I'm revising my interpretation (now knowing that the management knows little about dividends, even their own!) to 6:1 split instead of 7:1 split. Posted by ya ya on :
back down she goes
Posted by Thorn on :
Yeah, they have til May 16, after all. Posted by ya ya on :
that's plenty of time to go to .0007 which means post split .0001
Posted by Thorn on :
I sold. MTDX was calling.
I'll see about getting back in later. I like this stock (and that's a dangerous situation...).
Posted by ya ya on :
Good move Thorn,I would be out also but my funds are almost dried up from these piece of chit micro stocks.
Posted by Murnak on :
I'm still buying here waiting for the big deal! lol also adding to PLNI holdings....
Posted by ya ya on :
Still buying I think the big deal left monday morning,even the ceo couldn't pump this up.
Posted by jason10 on :
news today says you can still get in on the split and this is about as low as its gonna get the next couple of days jump on while you can
Posted by Thorn on :
I'm back in with even more shares. Just one point above my previous price as well. Woot! Hoping this minimansion will bring good news next week. It didn't take much to get the stock up to .006!
Posted by HILANDER on :
Checked out the posts over on Raging Bull, they are running their yaps about this being a scam. Lots of bashers over there. I always viewed that as a good sign. Posted by BuyTex on :
The mods there should change the name from Raging to Ranting...
Posted by HILANDER on :
Wow, ton of buying going on right now. Obviously someone thinks this is a good deal.
Posted by Thorn on :
I try not to base my decisions on what others say. I use the boards as a source of info to be followed up by my own DD and as a way to encourage myself to be cautious. I used to go by what boards said and lost 50% of my portfolio .
Posted by jason10 on :
3 Icon 1 posted May 02, 2005 09:00 Profile for bullish_pennystocks Send New Private Message Edit/Delete Post Reply With Quote news
Press Release Source: Union Equity, Inc.
Union Equity Inks Pre-Sale Reservation Agreement with Hard Rock Cafe Hotel & Casino in Las Vegas Monday May 2, 8:55 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--May 2, 2005--Union Equity Inc. (Pink Sheets:UNQT - News) has executed a pre-construction reservation agreement to acquire a unit at the new Hard Rock Hotel & Casino condominium in Las Vegas, Nevada. This reservation agreement includes Union Equity in the elite "pre-sale" group, meaning that whatever unit the company secures will be done so at "first-tier" pricing. ADVERTISEMENT
Pre-construction condominiums are sold in phases and the realtors for the pre-sale group have to actually be invited by the developer to participate. The buyers they bring to the table get the opportunity to lock in prices "pre-sale" before units become available to the general public at higher prices.
"One of our longtime associates at Metropolitan Realty in Las Vegas was just invited to join the pre-sale group late last week," said Union Equity CEO Michael Anthony. "When she contacted us Friday we already knew the Hard Rock Cafe project intimately so we moved on it immediately. I didn't hesitate for a second because I'm convinced the project will sell out in record time."
Once the pre-sale group has been accommodated, remaining units, if any exist, will be made available to the general public.
Unit prices increase during each phase of pre-construction condominium sales. Traditionally, there have been several price tiers ranging from the most desirable "pre-sale" to the final pricing stage that occurs when the developer releases the last few remaining units immediately before the building is completed. Recently however, hot condominium projects have sold out in a matter of days; some on the first day units become available to the general public.
"The Hard Rock Cafe project perfectly fits our criteria and will be just one part of the Union Equity mosaic," Anthony said. "I believe it is the single hottest project in the country, if not the world. Being part of the pre-sale group is the icing on the cake."
Peter Morton, chairman and founder of the Hard Rock Cafe Hotel & Casino plans to build the $1 billion condominium hotel and entertainment venue. The facility will encompass more than 1.5 million square feet and will spread over 24 acres in four buildings. Once combined with the existing Hard Rock Cafe Hotel & Casino, the two properties will cover a total of 41 acres. The project will be just two blocks from the Las Vegas Strip.
The Hard Rock Cafe Hotel & Casino project is being designed as a mixed-use, master planned development that will include a collection of unique restaurants and nightclubs, a number of world class retailers, a state-of-the-art health club a full-service spa and a variety of other recreational facilities.
Chairman Peter Morton is currently meeting with restaurateurs and retailers from around the world for this project. His goal is to incorporate the same excitement and innovative features that have made the Hard Rock Cafe Hotel & Casino one of Las Vegas's most popular destinations.
The current Hard Rock Cafe Hotel & Casino appeals to a young, affluent demographic. According to Metropolitan Realty, numerous celebrities are included in the pre-sale group for the upcoming condominium.
"Due to the fact that the property has been deemed mixed use, we can rent it on a short-term or long-term basis," Anthony said. "Obviously, we always have the option of selling it outright."
The Hard Rock Cafe Hotels and Casinos are subsidiaries under the parent company of the Rank Group, PLC (NASDAQ:RANKY - News) http://www.rank.com. For more information on The Hard Rock Hotel & Casino, visit http://www.hardrock.com.
This past Friday, April 29, 2005, Union Equity submitted a formal bid on a Mizner mini-mansion in West Palm Beach. Mizner mini-mansions are essentially Spanish-style stucco homes with barrel-tile roofs. They have become increasingly popular over the past several years in South Florida with celebrities and high-end investors. They are typically two-story residential properties with a separate guest house.
Union Equity's bid on this property is currently under consideration.
On April 18, 2005 Union Equity approved a 600% dividend in the form of a six-for-one forward split of its common stock. Shareholders who purchase stock in the company by May 16, 2005 will receive six additional shares of common stock for every single share owned. Shareholders or potential shareholders who have technical questions regarding the dividend should contact their brokers directly.
Union Equity advises shareholders as well as the general public to contact the company through their website and provide their e-mail addresses so they may be included in the company's upcoming quarterly newsletter. The tentative date for the first issue is June 1, 2005.
About Union Equity
Union Equity is a national real estate development and holding company, specializing in the fields of Residential Property Development, Mortgage Finance and Construction of New Residential Properties. The company operates independently and through its wholly-owned subsidiary Eden Development Group and plans to grow aggressively over the next two to three years through acquisitions, mergers and internal growth.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, which represents the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof and the adequacy of future operations to provide sufficient liquidity. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) fluctuations in price, demand and supply of real estate markets and (iii) risks associated with high capital long term investments.
Further information on the company can be found on their website; http://www.UNQT.com.
-------------------------------------------------------------------------------- Contact: Union Equity, Inc., Palm Beach Kay Marie, 800-916-3457 Fax: 800-916-3451 contact@union-equity.com
Posted by <Tin Man> on :
UNQT is only securing one unit. How is unit defined. One individual condo or a block of condos within a unit. Either Mike Anthony has purchased a nice vacation home for himself or maybe UNQT is trying to do what they are saying they are going to do ???
Posted by Selva on :
Look at PNDR.OB easy 10000%
Posted by Thorn on :
quote:Originally posted by Selva: Look at PNDR.OB easy 10000%
This is the UNQT thread. Start a new thread please.
Posted by Thorn on :
20,000 shares @ .038 ... poor fella....
Hmm. Does that 0 trade mean it was cancelled/corrected?
Posted by jason10 on :
lol i saw that oopsie
Posted by jason10 on :
why does this keep dropping grrr news every day most about how honest the ceo is and the steps hes taking to shake shorters off his stock and all it does is sit this thing is gonna pop soon i hope i dont have ti wait till after the split to see it though
Posted by Thorn on :
Sell high, buy back more when it drops.
Posted by Murnak on :
Union Equity Included in Star Studded ``Pre-Sale`` Group at Hard Rock Cafe Hotel & Casino in Las Vegas
Posted by GVMOORE on :
Lost big on same scam with Gaxy. You get nothing free. Beware. My .02 opinion. Good luck if your holding.
Posted by Thorn on :
Um, GAXY was on its way down before the split. UNQT has been going up quite strongly long before the announcement.
I don't think much of your opinion because it doesn't seem to have much fact behind it. However, I'm always open to hear what others have to say, as I'll do my own DD on it to see if it is valid.
Posted by Murnak on :
Union Equity CEO Commends Shareholders for Uniting to Fight Short Selling Thursday May 5, 9:01 am ET Sets Sights on Next Acquisitions
PALM BEACH, Fla.--(BUSINESS WIRE)--May 5, 2005--Union Equity Inc. (Pink Sheets:UNQT - News) has received hundreds of correspondences from shareholders in the past weeks, many of which detailed stock positions held and asked how to take delivery of stock certificates in an effort to combat short selling.
"I never expected this type of response from shareholders," said CEO Michael Anthony. "Last week when we requested that shareholders take delivery of their certificates to combat short selling, I knew it would separate the speculators from the investors, but the sentiment seems to be that people are in this for the long-term. I am ecstatic to see that there are so many people who share my personal belief that real estate is a powerhouse sector."
Union Equity previously requested that shareholders contact their broker/dealers and request that their shares of company stock be delivered to them in certificate form in order to make it more difficult for short-sellers to borrow stock. Theoretically, if there are fewer shares out there for short-sellers to borrow, it makes it harder for them to achieve their objective.
"I want to thank our shareholders for their support but I can't give advice regarding how to store stock certificates or how to take delivery," Anthony said.
The company asks shareholders to contact their respective brokers or brokerage firms regarding any technical questions regarding the delivery and handling of stock certificates.
In accordance with the company's previously discussed Goliath Program, the company is currently contacting larger real estate developers to establish cooperative relationships regarding future inclusion on "pre-sale" lists and other acquisitions. The company has so far received positive feedback.
"The Hard Rock acquisition is a prime example that timing is everything in real estate," said Anthony. "One of our immediate goals is to get our foot in the door with developers who specialize in condominium conversions and construction so they think of us first when they're putting together their next project."
The company is also actively researching residential construction and renovation projects in South Florida through their wholly-owned subsidiary, Eden Development Group.
This past Monday, May 2, 2005, Union Equity was included among such celebrities as Tommy Lee, comedian Drew Carrey, supermodel Claudia Schiffer, country western singing sensations The Dixie Chicks and several of the stars of "That 70s Show" in the elite pre-sale group for the Hard Rock Cafe Hotel & Casino's new condominium project in Las Vegas. By locking in during "pre-sale" prior to April 30, Union Equity has access to unit pricing lower than that offered to the general public. The Hard Rock Cafe Hotel & Casino residences officially opened for sale to the public on May 1, 2005.
Union Equity shareholders will be updated regarding sales statistics at the Hard Rock Cafe Hotel & Casino residences as soon as these figures become available.
The Hard Rock Cafe Hotels and Casinos are subsidiaries under the parent company of the Rank Group, PLC (NASDAQ:RANKY - News) http://www.rank.com. For more information on The Hard Rock Hotel & Casino, visit www.hardrock.com.
On April 29, 2005, Union Equity submitted a formal bid on a Mizner mini-mansion in West Palm Beach. Mizner mini-mansions are essentially Spanish-style stucco homes with barrel-tile roofs. They have become increasingly popular over the past several years in South Florida with celebrities and high-end investors. They are typically two-story residential properties with a separate guest house.
Union Equity's bid on this property is currently under consideration.
Posted by glenngsxr on :
Good initial bounce from the news, but I don't think it has enough steam to make a run or anything. Bid only at .0028, ask only at .0032 and both dropping.
Posted by Thorn on :
glenngsxr, where do you get your L2 on this one? Tx!
Posted by glenngsxr on :
Sorry Thorn, I was looking at my BxA offers and sizes along with Time and Sales. I am at school right now so I don't have any access to my quotetracker system at home. When I get home I will try to look at them. I was considering getting back in, but that news wasn't that big and there is still optimal time before the split to get in at a cheaper price. Sorry buddy I couldn't help you more right now. I'm thinking that it will still go down or at least hold until maybe Tuesday, six days before the split. Just an opinion though. Glenn
Posted by Thorn on :
Ah, so you use quotetracker. How good is it for L2 on pinks? Any hidden costs?
Never mind. I guess it just shows what your broker already provides to you, just in a different (nice) interface.
[ May 05, 2005, 14:39: Message edited by: Thorn ]
Posted by glenngsxr on :
Thorn, I just got quotetracker two days ago and I am still learning it. I thought it had them, but maybe not for pinks? Could you help me with that? Was your comment being smart or honest. I am not talking trash, just curious because now that I think of it I heard someone saying they couldn't get level II's with their quotetracker. Is this true? Glenn
Posted by jason10 on :
i know ameritrade doesnt do lvlII's on pink which is lame but hey what are you gonna do
Posted by jason10 on :
well late buy at the end made the day green at least *sigh*
Posted by Thorn on :
I don't know much about quotetracker. I just dl it myself. Not sure I'll use it though.
I was thinking of something like alphatrade (the url is of the same name if you are interested).
Posted by jason10 on :
whats up with zero volume O_o
Posted by Murnak on :
Union Equity CEO Meets with Accountants to Draft Audited Financial Statements to Gain Fully-Reporting Status Monday May 9, 8:49 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--May 9, 2005--Union Equity Inc. (Pink Sheets:UNQT - News) CEO Michael Anthony met late last week with a representative from the company's accounting firm Bagell, Josephs & Company, LLC to begin preliminary work on audited financials for the company.
Due to its "non-reporting" status, Union Equity is not required to complete audited financials but has elected to do so anyway. The company's upcoming financial statements will reflect activity for the year of 2004. The company plans to continue to complete audited financial statements from this point forward in order to achieve reporting status.
"Outsourcing is the key to our extremely low overhead," said CEO Michael Anthony. "Expenses are nominal at this point and I intend to keep them that way. If you continuously pursue lucrative projects and have almost no overhead, profits present themselves. Our intention is to incorporate a steady revenue stream with capital gains from real estate transactions."
Posted by Thorn on :
This is a good sign, it would seem.
Posted by jason10 on :
this is the week for green.....i hope ;0
Posted by jason10 on :
on behalf of unqt and myself(im hurting atm) id like to remind everyone that this is a great buy in price and you still a couple of days to get the split
*sigh* just trying to keep it on the first page someone should run this for me i need a FAR better out price
Posted by jason10 on :
weeeee finally a green day lets cross our fingers for 3 or 4 in a row
Posted by BuyTex on :
I missed today, but the last buy shown on my tracker was a 200...can anybody post the L2s at close?
Posted by jason10 on :
you know im not sure wth is going because my balance shows its last as .0027 but streamer shows last as .0030
Posted by dividend7 on :
Finally an up day. Should start a good move up. The 600% dividend is less than a week away!
Posted by Thorn on :
It is 3 days away...aka just enough time to settle the shares. It's rather slow considering that, but then, we still have over 5 hours.
Still, I just don't like the looks of it. At least it has been trading on the ask price.
Posted by jason10 on :
3days? you know this only the 11th right and you have to own the shares by the 16th
hows that 3 days I R CORNFUSED
Posted by glenngsxr on :
I think he meant three business days.
Posted by Thorn on :
business days.
Posted by cajrel on :
Is anyone holding till after the forward split...It has gone down a lot since I bought in...It really bugs me that they put out a different shareholder of record date........I could have bought in a lot cheaper
Posted by jason10 on :
well im holding till i can get out at less than a catastrophic loss /shrug
Posted by Original_Cashmaker on :
Not to add to the confusion, but as I understand it you have to buy the shares before the split is taken into account and whether your account settles is of no importance. A split should be a non-event as far as the value of stock you hold, so if you buy at the pre-split price you will get the dividend. This is how I have always understood it and I am almost positive this is the way it works.
Posted by Thorn on :
Thanks, Original. I'm not clear at all on dividends/stock splits. However, when I bought a stock to get the spinoff dividend, the settlement period did matter, so I'm hesitant to believe you.
Posted by Original_Cashmaker on :
You should check on that with your broker on that. If you bought in at a pre-split price you are entitled to the spinoff, unless of course you sell the stock before the price is split adjusted, which is what you might have done. In that case you may have to wait for the trade to settle before you can sell the stock, I am not sure of that rule.
Posted by net10708 on :
Yeah, I no doubt am holding it. Heck, UNQT can't get any worse. It's amazing how news effects this thing. CEO can't sell till Nov 06. That's actually very nice - but it had little effect.
The forward split? Well, it won't do much. But all in all, there's no reason why this stock shouldn't be going up - and MTDX as well. MTDX buyout coming up - at $3.12 a share. It's 1.80 or something like that.
Sometimes it's like wine - you have to wait till the time is right.
Posted by Thorn on :
Original...yes, I bought 2 days and 1 day before the record date/ex-dividend date. I held it til after that and my broker said I was not entitled to it because I should have bought 3 days before.
I'm holding UNQT mostly for educational purposes. I figure the only way to learn how it works is to play it through.
Posted by bond006 on :
this may help this is the wat unqt calls it as far as dates remember all the pr about this
Press Release Source: Union Equity, Inc.
Union Equity Addresses Shareholder Inquiries Regarding Cut-Off Point for 600% Dividend Friday April 29, 8:23 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--April 29, 2005--Union Equity Inc. (Pink Sheets:UNQT - News) approved a 600% dividend in the form of a six-for-one forward split of its common stock. Shareholders of record will receive six additional shares of common stock for every single share owned. The Record Date for the dividend was April 27, 2005; the Mail Date (or Pay Date) for the additional shares is May 16, 2005; and the Ex Date for the shares is May 17, 2005.
"Shareholders are correct," said Union Equity CEO Michael Anthony. "All these dates confuse a simple intention. Since Monday we have been inundated with inquiries regarding when the `deadline' is for investors to purchase shares in the company to receive the dividend. We forwarded this question to numerous industry professionals and received the same conflicting opinions that our shareholders received. Finally, one conscientious member of the Reorganization and Safekeeping Department of a national broker/dealer was kind enough to provide us with a succinct and final answer."
"The ex-dividend date is 5-17-05, record 4-27-05, payable 5-16-05 after market close. In order to be entitled to the split shares, the earliest you may sell is 5-17-05, and the latest to buy is 5-16-05," she stated.
"Some individuals stayed on the sidelines due to conflicting information," Anthony said. "We are excited to announce that they have until May 16, 2005 to purchase stock in order to participate in the dividend."
Shareholders or potential shareholders who have any remaining questions should contact their brokers directly.
Union Equity requests that shareholders contact their broker/dealers and request that their shares of company stock be delivered to them in certificate form in order to make it more difficult for short-sellers to borrow stock. Theoretically, if there are fewer shares out there for short-sellers to borrow, it makes it harder for them to achieve their objective.
Union Equity also advises shareholders as well as the general public to contact the company through their website and provide their e-mail addresses so they may be included in the company's upcoming quarterly newsletter. The tentative date for the first issue is June 1, 2005.
About Union Equity
Union Equity is a national real estate development and holding company, specializing in the fields of Residential Property Development, Mortgage Finance and Construction of New Residential Properties. The company operates independently and through its wholly-owned subsidiary Eden Development Group and plans to grow aggressively over the next two to three years through acquisitions, mergers and internal growth.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, which represents the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof and the adequacy of future operations to provide sufficient liquidity. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) fluctuations in price, demand and supply of real estate markets and (iii) risks associated with high capital long term investments.
Further information on the company can be found on their website; http://www.UNQT.com.
-------------------------------------------------------------------------------- Contact: Union Equity Inc., Palm Beach Kay Marie, 800-916-3457 Fax: 800-916-3451 contact@union-equity.com
-------------------------------------------------------------------------------- Source: Union Equity, Inc.
Posted by bond006 on :
anyway i just bought back in at .0021 hope i did the right thing i think we will have a spike in the next two days if not i will collect my divy and wait glta
Posted by Original_Cashmaker on :
I think your broker is screwing you.
Posted by Thorn on :
Ameritrade? They'd have a lot of smarter people on their backs. Not to mention, I'm a small fish. They won't make much off of me. I don't think so.
Looks like the buying pressure is on this morning. Bid at .0025
[ May 12, 2005, 09:15: Message edited by: Thorn ]
Posted by jason10 on :
Thu 9:02am UNQT.PK Union Equity CEO Purchases 50 Million Shares of Company Stock - Business Wire
Union Equity CEO Purchases 50 Million Shares of Company Stock Thursday May 12, 9:02 am ET Lock-Up Agreement Posted on Company Web Site
PALM BEACH, Fla.--(BUSINESS WIRE)--May 12, 2005--Union Equity Inc. (Pink Sheets:UNQT - News) CEO Michael Anthony has purchased 50 million shares of the company's common stock in a private transaction from an unaffiliated third party. ADVERTISEMENT
Due to Anthony's affiliate status the free-trading shares he purchased are now restricted under Rule 144. Anthony is in the process of taking delivery of the stock in certificate format.
"The shares were purchased with personal funds," said CEO Michael Anthony. "I like the stock at these levels."
On May 10, 2005 Anthony executed a lock-up agreement that will prohibit him from selling any of his personal company stock on the open market until November, 2006. Without the agreement in place, Anthony would have been allowed to begin selling his stock on the open market this coming November, 2005, in accordance with Rule 144.
The completed lock-up agreement is currently posted on the company's web site on the Shareholder Center page.
"I'm going to have an amendment drafted to the existing lock-up agreement to include these additional shares," Anthony said.
Union Equity CEO Michael Anthony met late last week with a representative from the company's accounting firm Bagell, Josephs & Company, LLC to begin preliminary work on audited financials for the company.
Due to its "non-reporting" status, Union Equity is not required to complete audited financials but has elected to do so anyway. The company's upcoming financial statements will reflect activity for the year of 2004. The company plans to continue to complete audited financial statements from this point forward in order to eventually achieve reporting status.
Bagell, Josephs & Company is registered by the PCAOB (Public Company Accounting and Oversight Board) and is part of the BDO Seidman alliance of accounting firms. BDO Seidman is the fifth largest international accounting firm. Bagell, Josephs & Company was recently rated as one of the top 100 auditing and accounting firms nationwide.
On April 18, 2005 Union Equity approved a 600% dividend in the form of a six-for-one forward split of its common stock. Shareholders who purchase stock in the company by May 16, 2005 will receive six additional shares of common stock for every single share owned. Shareholders or potential shareholders who have technical questions regarding the dividend should contact their brokers directly. The company can not answer any questions pertaining to post-dividend pricing or taking delivery of stock certificates.
About Union Equity
Union Equity is a national real estate development and holding company, specializing in the fields of Residential Property Development, Mortgage Finance and Construction of New Residential Properties. The company operates independently and through its wholly-owned subsidiary Eden Development Group and plans to grow aggressively over the next two to three years through acquisitions, mergers and internal growth.
Posted by Murnak on :
Getting better all the time! imo
Posted by BuyTex on :
quote:Originally posted by jason10: well im holding till i can get out at less than a catastrophic loss /shrug
******** Is anyone holding till after the forward split...It has gone down a lot since I bought in...It really bugs me that they put out a different shareholder of record date........I could have bought in a lot cheaper ***********
I'm holding. Must say I'm surprised that the latest news didn't move this. Too much confusion, I guess. But I love they're fighting NSS...
Posted by <New Trader> on :
Man, if this stock keeps going down like it has, then the stock split is not going to amount to much is it? And I bought CTCK at the same time. At least my WYDY went up a good bit today! Well I guess time will tell. A good weekend to you all.
Posted by bond006 on :
the way it looks now tex i am holdin unless this takes a hard run on monday the last day before the split
Posted by BuyTex on :
know what you mean, bond--it's been hard to keep from dumping it but as somebody on the thread said, now i'm there out of "morbid curiousity" lol i'm not saying anyone else should hold, buy, sell; that's what i'm doing...
Posted by HILANDER on :
quote:Originally posted by BuyTex: know what you mean, bond--it's been hard to keep from dumping it but as somebody on the thread said, now i'm there out of "morbid curiousity" lol i'm not saying anyone else should hold, buy, sell; that's what i'm doing...
The morbid curiosity line was mine. I'm playing with free shares right now so any gain from here is good for me. I posted on the other thread a notion that I had that maybe the good people at UNQT were getting ready to really put the screws to the MM's and those who have shorted the stock. (If they're still around) I was thinking that there would be a major Pr dropped after the split to try and boost the price. What better way to screw those who have shorted you by forward splitting your stock then giving news to drive the price up. That could be really painful if you're short. Probably just wishfu thinking on my part. Go UNQT?!? Posted by BuyTex on :
yeah, that was your line--couldn't remember who said it when I quoted it, but it's a great line. I think i attributed to you in another post somewhere...yeah, I'm hoping UNQT has an effect on the NSS so in some small way, I feel like I'm supporting that fight. Somebody else posted that the ceo/pres is pretty cagey so maybe he has something post-split up his sleeve. That makes sense to me, given some of the moves he's made, such as locking up his shares.
Posted by Murnak on :
UNQT website!\ Sun 15, May 2005 · Industry Articles
Housing Boom at Full Throttle By Jeff Ostrowski Palm Beach Post Staff Writer
thanks for the info murnack get some good pr an away we will go. if i wait for the divy i will have 7million shares for 2110. not bad any good pr and my money will compound fast. go unqt go
Posted by cajrel on :
Good morning all.............Is tommorrow the big day? GLTA..........Hopefully we get a good PR and it skyrockets....A couple of questions..Is anyone requesting their shares from their broker? Also I just wanted to clarify the new shares aren't restricted are they?
Posted by jason10 on :
so else is looking to buy this at .0002 tommorow i have this strange feeling theres gonna be big news i plan on making this thing give me back all the money i lost on it the last 2 weeks im gonna be looking for the release tonight and premarket
but this is just me thinking out loud
Posted by BchOus on :
Scottrade said I could not hold stock certificates in my Roth and assured me that I did not have to worry about NS. Guess you have to trust someone, somewhere....I am looking forward to the big news, housing boom and UNQT success. Manatee co, by the way, was the biggest housing jump at 45% in the US for the past year. Palm Beach on the east coast is pretty much in line with Manatee.
Posted by BuyTex on :
I've got a local office Scottrade, and they told me the industry as a whole is trying move away from having to deliver paper certs to individuals, so it stays in "street name" but in your account...
Posted by cajrel on :
Im excited...........and looking forward to the news as well........I have Scottrade as well...we shall see were we are in the next few days.
Posted by Chris on :
When will the shares show up in my scottrade account?
Posted by BuyTex on :
quote:Originally posted by BuyTex: I've got a local office Scottrade, and they told me the industry as a whole is trying move away from having to deliver paper certs to individuals, so it stays in "street name" but in your account...
you can request the physical certs, though, but that ties you up for sales...
Posted by windjunkee on :
wooooo hooooo ... geez I got lots of shares in this company, 4.2m. I wonder if we'll see a sell off tomorrow with these newly acquired shares. Hate for the price to drop too much lower
Posted by elitedb on :
I logged on and thought I hit the lottery. My newly minted 6,000,000 shares were in the account and priced at todays close. Too bad it evaporates tommorrow.
Posted by BuyTex on :
i don even wanna look...hey--can I sell pre-market? lol
Posted by Thorn on :
Woot! I do hope this doesn't drop tomorrow. Posted by HILANDER on :
Tomorrow's gonna be a gut check. I think if you stick it out you will be greatly rewarded. The Co. knows there will be a sell off. I am expecting there to be an AH PR tomorrow to further reward those who hold. GEE, I hope I'm right! Cause I ain't sellin' chit tomorrow.
Posted by BuyTex on :
me either, hi, but ya gotta know it's gonna run like a bounce from a group grope--weak hands from all over the planet are going to selloff into any kind rise. I'm thinking I'll take it off my list and see where we are at lunch and eod..."morbid curiousity"--still love that!
Posted by bond006 on :
i don't even want to think of what the butcher bill will be tomarrow. but i think this is a june sale for me.
Posted by Thorn on :
I'll probably sell then buy back at a lower price if it drops. Posted by BuyTex on :
hey, thorn, we've had a coupla good exchanges as I remember. crazy day shapin up, huh?
Posted by Thorn on :
Yes. I'm still holding my breath. I have to see what the MMs do tomorrow morning before I'll believe my portfolio total.
This is to me a company to hold on to, but I dislike riding the rollercoaster. :/
Last trade on Alphatrade's L2 ia .0002, so I wouldn't get your hopes up just yet guys. Looks like we'll have to wait for this one to come back up in price rather than wonder whether we should sell.
[ May 17, 2005, 02:46: Message edited by: Thorn ]
Posted by jason10 on :
im so gonna buy in at .0001 tommorow im shocked it never even hinted at going back up
Posted by Ziptar on :
Woke up to find 70K shares in my ameritrade account, however the cost is now reflected at $175 as opposed to my original $25. once I edited the CPS I got a big smile on my face.
[ May 17, 2005, 06:36: Message edited by: Ziptar ]
Posted by Thorn on :
You'll never see this stock at .0001 without a major issue like bankruptcy. Ask is already .0005, which is equivalent to .0035 pre-split, which was support price before the short selling.
Besides, with over 6M shares pre-split and just less than 7M post-split, there is no reason for the pps to be so low. It will go up.
i know its gonna go back up and i plan on making this POS give me back the money i lost on it
again im suprised there was no news today
good luck tommorow im hoping to get back in at .0002 if anyone wants to sell to me Posted by BuyTex on :
we went from 17 to 21 today, w HOD of 35 (pre-split terms); my guess is that's the pattern until we shake back to mostly long holders: real company, booming market: this'll find new buyers if the new PR guy is any good at all, jmho
Posted by Thorn on :
Ever see one of those stocks that was down around .001 or even .0001 or some very low price? You know, the one where it was that low and then skyrocketed up and is currently at something like .01 or more? Yeah, you know what I mean: those stocks you see AFTER they do this. I've always wanted to own one of those BEFORE the climb. I think this stock will be one of those. (Just my opinion tho.)
This may not be one of THOSE, but without hope, what have ya got? Just don't invest what you can't spare, guys. You've heard it before; words of wisdom.
That's 19.6% of yesterday's market value. What does that mean? This stock should eventually go up 500% based solely on its current valuation. Prior to the news about the split, this stock had support at $0.0035, which would be over 1000%. It should go up even more if the company starts showing some profit.
Don't take my word for it; do your own DD and choose your risk level.
[ May 17, 2005, 21:45: Message edited by: Thorn ]
Posted by BuyTex on :
i don't know about .000x stocks (i am in one), but there *are* people leaving the airport tomorrow for Hawaii who bought PLNI at .00xx ---booooyaaaaa!!!! (NOT saying this is one of those! & I aint bashing, either--still in this)
Posted by Murnak on :
Miami Real Estate Showing No Signs of Slowing Down
By Jeff Neal, Optionetics.com 5/17/2005 9:15 AM EST
Housing and in particular condo-type housing in the Miami/Dade county area continue to experience surging prices, despite all the talk nationwide about a possible bubble and the likelihood of higher interest rates. For example, just recently a four-storey three bedroom condo overlooking the Atlantic and scenic Biscayne Bay went for upwards of $7 million dollars, which has Miami developers and brokers alike scrambling for profits in what is now one of the hottest real estate markets in the United States.
According to the various real estate associations in the Miami area, this insatiable demand is coming mainly from foreign buyers as well as wealthy baby boomers and retirees from the northern part of the country. Foreign buyers of course have benefited tremendously from the weak dollar, making the purchasing of real estate in the South Florida region a very attractive investment.
What is happening in the Miami market is truly amazing given that home values increased 20 percent in 2004 versus the national average of just over 11 percent, based on federal government statistics. However, it is the beachfront condos that have really catapulted in price; developers are asking around a half a million dollars for a one bedroom on the beach overlooking the ocean. The demand continues to be hot and developers have about 69,000 condo units just newly built or are currently in the permit stage.
Ironically this extremely hot real estate market is on the heels of several recent hurricanes that devastated the South Florida region. With more than $22 billion in damages incurred from these storms, many experts at the time were ready to write off or discount the real estate market in Miami. However, that has not proved to be the case as the city of Miami is currently experiencing the largest urban redevelopment in its history.
For the baby boomers and retirees flocking to Miami, it is not just the warm weather but also the mortgage rates at historically low levels that has made big mortgages more affordable. The past four to five years has rendered real estate a far better investment overall than, say, both the stock and bond markets.
In addition, and as mentioned earlier, the overall weak U.S. dollar has really provided Europeans with an incentive to look to the Miami market for bargains, at least from their perspective. This is because in euro currency terms, Miami properties are attractive due to the fact that they have increased purchasing power with the favorable currency exchange rate.
This new worldwide interest in Miami real estate has prompted government and civic leaders to re-shape the city into a world-class destination. For instance, Miami is in the process of constructing a performing arts center with further development planned all around this new structure. The city also just opened the top of the line sports facility American Airlines arena where the Miami Heat of the NBA plays. And of course the city has the ever popular South Beach, which possesses a plethora of hot nightclubs and hip restaurants.
All of this new development in Miami’s downtown area has called urban land prices to really appreciate. For example, in the popular and pretty Brickell Avenue area, the new Jade Beach oceanfront project’s 2.5-acre site was purchased for around $19 million in 2001. Today in 2005 an empty lot right next to this new oceanfront project is being advertised for $100 million.
Real estate experts in Miami claim that there continues to be a large buying public out there that is very well diversified in their origins. Buyers of Miami real estate are coming from Europe, Russia, virtually every Latin America country, Canada and, of course, retirees and baby boomers from across the United States. This does have some banks a little nervous about excessive speculation and some have vowed to do business only with developers they already know and have a relationship with in an effort to protect their interests.
Despite these concerns it is clearly apparent the Miami-Dade county are (and all of South Florida, for that matter) is going through an incredible boom period in real estate prices. No one knows exactly when this will slow down or even reverse somewhat, but from all current indications it definitely will not be anytime soon.
Happy Trading.
Jeff Neal Senior Writer & Options Strategist
Posted by Murnak on :
Shareholder Report 5-26-05
205 Worth Avenue, Ste. 201 Palm Beach, FL 33480
Union Equity, Inc. (UNQT.PK) Capital Structure as of 5-20-05 Authorized Common: 20,000,000,000 Restricted Held by Mgmt: 6,043,000,000 Outstanding Common (post split): 3,270,731,300
Introduction
In opening I would like to thank everyone for being patient while the company has completed one of its most important hires. We have retained Ms. Rosalie Farnsworth of R. Farnsworth & Co. to handle our internal investor communications. Ms. Farnsworth is a highly motivated, energetic and personable professional and is available to answer questions from shareholders and other interested parties.
Her contact information is as follows:
Rosalie Farnsworth Director of Communications 800-916-3457 Fax: 800-916-3451 E-mail: Contact@Union-Equity.com Web site: www.unqt.com
The Communications Process
We cordially request that you review all available information pertaining to the company before contacting Ms. Farnsworth; there are only so many hours in the day. Our electronic newsletter is a device intended to answer certain common questions simultaneously. Our initial intention was to distribute it quarterly but we have decided to increase the frequency of this schedule to accommodate the dramatic increase in investor attention we have received. Although Ms. Farnsworth is at your access, please use her time appropriately in order to benefit the group.
Incoming calls are answered by an operator; names and telephone numbers are then collated and forwarded to Ms. Farnsworth. This is done for the sake of expediency and to create a permanent record in our files. Since calls come in literally from all time and date zones, it is impossible for her to receive incoming calls directly. However, we are taking every possible measure to ensure that all calls are returned promptly.
The Past
The company was founded in response to numerous opportunities that exist in key real estate markets nationwide. We maintain our focus on certain high-profile areas such as West Palm Beach, Miami, Las Vegas and Manhattan, but we never preclude ourselves from taking other areas into consideration.
Our company motto is "Business That Adapts," and as you will read later in this report, this is exactly what we have done in response to an increasingly competitive environment.
The Present
The success of the company is not going to be based on any single project or endeavor, but essentially on a series of many purposeful steps. As most of you know, the company has been included in the prestigious pre-sale group for the new Hard Rock Café Hotel & Casino in Las Vegas. This acquisition is one such deliberate step.
I recently had the opportunity to walk the site for the new Hard Rock condominium project. The immediate area appears to be highly undervalued and is about to undergo a complete urban renewal; existing buildings will be leveled in order to make room for the new multi-million-dollar resort. We believe that upon completion of the Hard Rock Café Hotel & Casino condominium, the acreage surrounding the resort will rival the legendary Las Vegas strip itself.
The city of Las Vegas is growing rapidly. The skyline is punctuated with numerous skyscraper condominiums that are currently under construction and entire projects are selling out in record time. Steve Wynn has recently opened his $2.6 billion casino/hotel on the Las Vegas Strip and Donald Trump is following suit by building his own extravagant gambling and resort complex directly across the street.
Consequently, we are continuing to seek out additional real estate opportunities in Las Vegas. In our own opinion, there is no end in sight for Las Vegas's stellar growth.
We have also been working closely with long-time associates at Fortune Realty in Miami and Realty Associates Florida Properties USA in West Palm Beach to secure additional acquisitions. Due to the fact that the South Florida housing market continues to rally, the market for properties that can be bought at a discount and sold short-term at a profit has become hyper-competitive.
We will continue to persevere in this environment, but the competition we currently face has lead us to our greatest innovation since the inception of the company.
The Future - Home Sales Express, Inc.
The challenge we faced was how to gain a competitive edge in a market that's going straight up. Pre-construction opportunities are still astonishing, but existing properties that are hitting the market in Dade, Broward, Palm Beach Counties and other prime areas are selling in record time. It has become increasingly difficult to play low-ball when someone receives ten offers on their property the first week it is posted on MLS (Multiple Listing Search).
The solution is simple; aggressively pursue properties that are not listed on the open market.
This concept is dynamic, but we needed a strategic application to accomplish this effectively; to get homeowners to come us as opposed to us going to them. We then formed Home Sales Express, Inc., a wholly-owned subsidiary of Union Equity, Inc.
The primary objective of Home Sales Express, Inc. is to attract homeowners who have not yet listed their properties for sale, particularly owners of non-conforming properties. Non-conforming properties typically do not qualify for traditional financing due to structural defects, termites, title problems or zoning issues.
If a property does not qualify for financing it is difficult, if not impossible, for the owner to sell it on the open market unless they are approached by a cash buyer. Since the overwhelming majority of South Florida's current real estate boom is finance driven, if the new buyer can't get a loan on the property, the property goes unsold.
Within 72 hours, Home Sales Express, Inc. can conduct an inspection by a licensed General Contractor, generate an appraisal, perform a title search an then make a cash offer on a target property. Once acquired, the property can be renovated if necessary and then resold.
In South Florida alone there are still numerous houses that have hurricane damage from last year. Our firm belief is that some of these people would like to step out of their properties but just don't know how.
The secondary objective of Home Sales Express Inc. is to attract and approach owners of conforming properties who simply want a speedy liquidation without the use of a real estate agent. Of course, these individuals will be charged a fee to be listed on our website.
The driving force behind Home Sales Express, Inc. will be a highly sophisticated yet user friendly interactive website that is currently under construction. The website will include; an online application so homeowners can submit properties for our consideration a fee-based For-Sale-By-Owner section so property owners can list their own properties for sale a special section for properties that are in the foreclosure process an application so potential buyers can register in the company database and many other features.
The website will be perfectly optimized for maximum search engine penetration, and supported, promoted and advertised through traditional as well as contemporary means. Once the website is drawing sufficient traffic, fee-based banner advertising will also be made available to real estate-related businesses in order to capitalize on yet another source of revenue.
Home Sales Express, Inc. is innovative, flexible and can provide us with a virtually unlimited growth potential via the internet. There are at least a dozen ways to build out the website to include various other revenue streams. Best of all, the concept can be applied nationally, providing Union Equity, Inc. with a steady flow of undiscovered properties to consider for acquisition.
For the past two weeks we have been in a "silent period" while we retained the services of a trademark attorney to protect our logo, slogan and proprietary language for Home Sales Express, Inc. Once operational, the web site will be linked directly to our existing website www.UNQT.com for viewing by shareholders.
Silent Periods
"Silent Periods" will occur when there is simply no news to report. Silent Periods will also occur when trademarks are being secured, contracts are being executed and due diligence is being performed. In these situations releasing news would endanger the success of the project.
During such times we ask that you simply check the company web site for updates regarding industry news and other relevant topics. We understand that from a shareholder perspective it would be nice to see a company press release every morning before the opening bell. However, press releases will only be distributed when there is tangible news to report. At other times we will update our shareholders through our electronic newsletter.
Audited Financials
Since Union Equity, Inc. is a non-reporting, Pink Sheet company, we are under no obligation to draft audited financials. However, due to the fact that we are planning ahead, we have opted to do so in order to take another step towards eventually becoming a fully-reporting entity.
The financials will reflect company operations for the year of 2004.
Closing Comments
We are moving forward aggressively to launch the website for Home Sales Express Inc. as we continue to review potential acquisitions through traditional means. We would like to divulge more about the design of the website but we are presently working with a trademark attorney pertaining to intellectual property issues in order to protect what we have planned.
In the meantime we will continue to keep our valued shareholders informed every step of the way. We respect and appreciate your participation in Union Equity, Inc. and look forward to having you grow and prosper with us in the years to come.
Cordially Michael Anthony, CEO
Posted by subbywrx on :
Looking nice...this baby is going back to .01 "PENNY"
$150k here I come!
Posted by BuyTex on :
sub, where ya been? ain't seen ya since the IVHG (?) play... good to see you on this one....
Posted by Murnak on :
Union Equity CEO Addresses Purchase of 50 Million Shares of Company Stock via COMTEX
May 27, 2005
Union Equity Inc. (Pink Sheets:UNQT) CEO Michael Anthony recently purchased 50 million shares of the company's common stock in a private transaction from an unaffiliated third party.
These shares were purchased without dividend and will be added to Anthony's existing lock-up agreement that is currently posted on the company's web site.
Due to Anthony's affiliate status the free-trading shares he purchased are now restricted under Rule 144. Anthony is in the process of taking delivery of the stock in certificate format.
On May 10, 2005 Anthony executed a lock-up agreement that will prohibit him from selling any of his personal company stock on the open market until November, 2006. Without the agreement in place, Anthony would have been allowed to begin selling his stock on the open market this coming November, 2005, in accordance with Rule 144.
About Union Equity
Union Equity is a national real estate development and holding company, specializing in the fields of Residential Property Development, Mortgage Finance and Construction of New Residential Properties. The company operates independently and through its wholly-owned subsidiary Eden Development Group and plans to grow aggressively over the next two to three years through acquisitions, mergers and internal growth.
Posted by tradinginbama on :
i know of a group that holds 56M pre-split (and is pulling certs)
117M - 50M - 56M = 11M pre-split, and smaller investors on another board have accounted for way over that 11M. can you say float is gone?
i have heard from many shareholders and have been accumulating share totals - we have accounted for 1.388 BILLION so far post-split. fairly accurate, as they sell or add some they contact us and we update the numbers.
so...if there is only 469M post-split float, why are we coming up with 1.388 BILLION? and you know we dont have every shareholders holding! much more than that out there IMO.
things that make you go hmmmmmmm
strap in boys and girls - when Mr. A. starts releasing float updates and holdings, revenues, etc. - this has gotta fly.
JMHO
Posted by BuyTex on :
quote:Originally posted by tradinginbama: if i may chime in here...
i know of a group that holds 56M pre-split (and is pulling certs)
117M - 50M - 56M = 11M pre-split, and smaller investors on another board have accounted for way over that 11M. can you say float is gone?
i have heard from many shareholders and have been accumulating share totals - we have accounted for 1.388 BILLION so far post-split. fairly accurate, as they sell or add some they contact us and we update the numbers.
so...if there is only 469M post-split float, why are we coming up with 1.388 BILLION? and you know we dont have every shareholders holding! much more than that out there IMO.
things that make you go hmmmmmmm
strap in boys and girls - when Mr. A. starts releasing float updates and holdings, revenues, etc. - this has gotta fly.
JMHO
My take? somebody essss-plain to me, Lucy, why don't we ALL demand our certs? Let the broker hold em in their office for ezzy-trading, but GET the certs...watch it go then, when the scramble starts...jmho, looking for an informed answer...
Posted by tradinginbama on :
other tidbits...
you folks see the potential here, so i'll share with you a couple of things i know. i always enjoy exchanging info with good people.
i have received several emails from Mr. A. - no insider info. they indicate to me that he is for real, not a scam in any way, shape or form. smart fellow that has planned his work and is working his plan. how many CEO's do you know that will take the time to reply to a shareholders email? now he has brought on Rosalie Farnsworth for IR, just to much for him to do and concentrate on the business. great move on his part.
i spoke with Rosalie for the first time friday - great lady - very professional. she has known Mr. A. several years. says is a standup guy, great leader, both he and his wife Laura are highly respected in the community, and has a good working relationship with other business leaders. he also has relationships with high profile companies that don't do business with just anybody. he is detail oriented - dot the i's and cross the t's kinda guy.
she confirmed the 117M float that was PR'd - and sounded shocked when i told her of the share count we had accumulated. we talked at length about the naked shorting that is rampant in the market place - she is getting up to speed on that issue very quick.
she said the company has many good things in the works and she will keep us informed thru the newsletter - that's it's purpose - to inform the shareholders of the company game plan and to keep investors informed on the growth of the company. she is swamped with calls and emails and is trying to catch up. ask me to pass on to everyone to make sure you are signed up for the newsletter. you can do that at the company website unqt.com
i'm hearing rumors of more PR's soon that will enlighten us on several things. she couldn't confirm that for me and i didnt push it any further. that's about it - i had some ideas and questions and she will be talking with Mr. A. about them and let me know.
i'm really hoping for more news this week. i dont know MR. A.'s timeframe or content - but i think that he will be letting us know about acquisitions and share structure soon - hope i'm right.
and for you DD hounds - check on the nevada secretary of state website - do a search on Michael Anthony - Mid West Oil and Gas, reinstatement on 4-28-05. also Digital Information and Virtual Access, reinstatement on 4-01-05. i have no idea how these fit in to the game plan, keeping my ears open. another is Westchester Holdings that Laura is a principal in - it was presented to me yesterday and haven't found anything on it yet.
and for those of you that are interested, i own a room on paltalk for us - under business and finance - UNQT shareholders. we keep it open during trading hours and usually late into the night. got some good admins and we don't allow bashers or anyone to disrupt - just a place where we can get together and talk real time. has worked out well so far - that is where we are taking share counts. feel free to come on by.
GLTA and hope some of this reinforces your feelings that we are in a good one. i think subby is right - back to penny land this little jewel will go. have a safe and happy Memorial Day weekend all.
JMHO
"the whole float is held in long hands" - mimurray
Posted by Murnak on :
Union Equity Introduces Home Sales Express, Inc. Friday June 10, 8:39 am ET Launching Real Estate Website to Attract Distress Sales and Capitalize on Internet Revenues
PALM BEACH, Fla.--(BUSINESS WIRE)--June 10, 2005--Union Equity Inc. (Pink Sheets:UNQT - News) announces the formation of its new wholly-owned subsidiary, Home Sales Express, Inc. The company's primary focus is to make select offers on homes that are not listed for sale on the open market.
Posted by cajrel on :
hhhhhhhhhhmmmmmmmmmm any perspectives on what is to happen with this one. Seems pretty dismal. Everyone just waiting? At this point I would ecstatic with a penny and do carwheels if I saw more. Is it unrealistic to think we should see results or an up trend by now?
[ June 14, 2005, 00:00: Message edited by: cajrel ]
Posted by Thorn on :
Just wait, I say.
Posted by Murnak on :
The King at their new site is doing cartwheels over the news:
According to the NASDAQ Dividend List, Union Equity Inc (OTC: UNQT) has declared a Spin-Off dividend. This dividend will ONLY be available to shareholders of record as of July 01, 2005.
DECL-DATE X-DATE REC-DATE PAY-DATE ----------- ----------- ----------- ----------- 06/21/2005 06/29/2005 07/01/2005 07/08/2005 AMOUNT: Spin-Off FREQUENCY: N/A CHANGE: N/A ADDITIONAL INFO: One 144A restricted share of Preferred Properties Real Estate Inc for every 10 shares held.
Knobias may issue additional reminder alerts to track the important dates surrounding this corporate action.
Posted by BuyTex on :
murnak--super tired, plz explain, what's the value of these restricted shares?
Posted by Murnak on :
Have to see what the spin of is worth! Just free shares in another company not able to sell for a period of time1 IMO
Posted by Murnak on :
Maybe there sub home sales express...
Posted by ya ya on :
News for 'UNQT' - (Union Equity Awards Dividend to Shareholders in Preferred Properties Real Estate Inc.)
PALM BEACH, Fla., Jun 22, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) has approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Shareholders will receive one share of Preferred Properties Real Estate Inc. for every ten shares of Union Equity common stock owned. Odd lots will be rounded up.
The record date to receive the dividend will be July 1, 2005. The additional shares of Preferred Properties Real Estate Inc. will be mailed to shareholders on July 8, 2008 which shall also be the payment date.
The shares shall be mailed without any action on behalf of the shareholders.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com. About Union Equity
Union Equity is a national real estate development and holding company, specializing in the fields of Residential Property Development, Mortgage Finance and Construction of New Residential Properties. The company operates independently and through its wholly-owned subsidiaries Eden Development Group and Home Sales Express and plans to grow aggressively over the next two to three years through acquisitions, mergers, internal growth and the development of a dynamic internet presence.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004 and is the nation's ninth most expensive housing market. Las Vegas has been the fastest-growing city in the United States for nearly 20 years and is one of the top housing markets in the country. Home prices in Las Vegas increased by nearly 50 percent in the past year.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, which represents the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof and the adequacy of future operations to provide sufficient liquidity. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) fluctuations in price, demand and supply of real estate markets and (iii) risks associated with high capital long term investments. In addition, any forecasts made by the company, whether short-term or long-term, regarding future profitability are based on hypothetical business models and do not constitute a guarantee of profitability. Investors are highly advised to seek professional advice and conduct a complete due diligence regarding this, or any other company being considered for investment purposes. Investing in securities, particularly in issues priced at less than $1 per share, involves substantial risk and may result in a partial or complete loss of investment capital. Investors who initiate such an investment strategy should possess the financial net worth to withstand such a loss. Union Equity, Inc., its subsidiaries, officers and employees cannot guarantee the completeness or accuracy of the information contained in company press releases. Press releases issued by the company should not be interpreted as an offer to sell or a solicitation to buy company stock.
Further information on the company can be found on their website; http://www.UNQT.com. SOURCE: Union Equity, Inc.
CONTACT: Union Equity, Inc., Palm BeachRosalie Farnsworth, 800-916-3457Fax: 800-916-3451contact@union-equity.com
Posted by Pagan on :
Alot of volume this morning....ask bumped up to .0004
Posted by <Menace867> on :
Whats the symbol for Preferred Properties Real Estate Inc ?
Posted by BuyTex on :
*ok, i'll byte:*
<Menace867>, what *is* the symbol?
Posted by Murnak on :
Union Equity Corrects Typographical Error in 6/22/05 Press Release via COMTEX
June 23, 2005
PALM BEACH, Fla., Jun 23, 2005 (BUSINESS WIRE) --
A Union Equity Inc. (Pink Sheets:UNQT) press release dated June 22, 2005 stated that the shares for their most recent dividend would be mailed to shareholders on July 8, 2008. The payment date is actually July 8, 2005.
Posted by Murnak on :
Union Equity Revising Capital Structure; Awards Dividend to Shareholders in Preferred Properties Real Estate Inc. via COMTEX
June 24, 2005
PALM BEACH, Fla., Jun 24, 2005 (BUSINESS WIRE) --
Union Equity, Inc. (Pink Sheets:UNQT) is in the process of revising its capital structure, addressing both the authorized and outstanding shares.
In addition, on June 22, 2005 the company approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Shareholders will receive one share of Preferred Properties Real Estate Inc. for every ten shares of Union Equity common stock owned. Odd lots will be rounded up.
The record date to receive the dividend is July 1, 2005. The additional shares of Preferred Properties Real Estate Inc. will be mailed to shareholders on July 8, 2005, which is also the payment date.
The shares shall be mailed without any action on behalf of the shareholders.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com. Posted by Murnak on :
Union Equity to Meet with Specialty Law Firm to Structure Framework for Home Sales Express Franchise Program; Revising Capital Structure of Company Stock via COMTEX
June 27, 2005
PALM BEACH, Fla., Jun 27, 2005 (BUSINESS WIRE) --
Union Equity, Inc.'s (Pink Sheets:UNQT) management will meet with a specialty law firm in the coming weeks to address all legal aspects of creating a national franchise program for their wholly owned subsidiary Home Sales Express, Inc.
Home Sales Express, Inc. is a comprehensive resource for homeowners who want to participate as buyers or sellers in the For-Sale-By-Owner (FSBO) market. In addition, through its website KingOffer.com, Home Sales Express is designed to attract owners of distressed properties that are not yet listed on the open market for outright purchase consideration by the company.
"Once the legal aspects of the franchise program are covered we're ready and able to provide a turnkey opportunity for individuals nationwide who want to work our business model in a specific territory," said Union Equity CEO Michael Anthony. "Americans are entrepreneurial by nature and we intend to offer them the chance to be their own boss in the real estate business. Through KingOffer.com we will provide brand name recognition, a ready-made website and comprehensive marketing support."
In addition, Union Equity, Inc. is currently revising its capital structure, addressing both the authorized and outstanding shares of the company's common stock.
On June 22, 2005 the company approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Shareholders will receive one share of Preferred Properties Real Estate, Inc. for every ten shares of Union Equity common stock owned. Odd lots will be rounded up.
The record date to receive the dividend is July 1, 2005. The additional shares of Preferred Properties Real Estate Inc. will be mailed to shareholders on July 8, 2005, which is also the payment date.
The shares shall be mailed without any action on behalf of the shareholders.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com. Posted by Murnak on :
Union Equity Reduces and Retires a Total of 14 Billion Authorized and Outstanding Shares of Common Stock via COMTEX
June 28, 2005
PALM BEACH, Fla., Jun 28, 2005 (BUSINESS WIRE) --
Union Equity, Inc. (Pink Sheets:UNQT) has reduced the company's authorized common stock by 50%, from 20 billion shares to 10 billion shares. Simultaneously, the company has retired four billion shares of outstanding common stock held by management. The four billion shares of outstanding common stock have been returned to the company's transfer agent and cancelled.
On June 22, 2005 the company approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Shareholders will receive one share of Preferred Properties Real Estate, Inc. for every ten shares of Union Equity common stock owned. Odd lots will be rounded up.
The record date to receive the dividend is July 1, 2005. The additional shares of Preferred Properties Real Estate Inc. will be mailed to shareholders on July 8, 2005, which is also the payment date.
The shares shall be mailed without any action on behalf of the shareholders.
Posted by Murnak on :
Union Equity to Analyze NOBO/OBO List to Identify True Shareholders and Dividend Recipients of Preferred Properties Real Estate, Inc.
June 28, 2005 08:28:01 (ET)
PALM BEACH, Fla., Jun 28, 2005 (BUSINESS WIRE) -- Union Equity, Inc. (Pink Sheets:UNQT) has requested a NOBO/OBO list from their corporate services vendor to determine the company's actual shareholders in order to accurately award the upcoming dividend in Preferred Properties Real Estate, Inc.
The term NOBO refers to Non-Objecting Beneficial Owners; meaning beneficial owners (shareholders) who do not object to disclosure of their name, address and security holding. The term OBO refers to Objecting Beneficial Owners; meaning beneficial owners who refuse to reveal their identities. As a unit, the NOBO/OBO list comprises the total of true stock ownership, including the "street name" investor group.
"We're about to take a careful inventory of what's going on out there in the marketplace," said Union Equity CEO Michael Anthony. "Synthetic positions will become obvious. We're striving for complete transparency in regards to how our stock is traded."
Union Equity, Inc. will request another NOBO/OBO list on July 1st and then again on July 8, 2005. The company will then conduct a final analysis.
On June 22, 2005 the company approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Posted by ya ya on :
News for 'UNQT' - (Union Equity Registers KingOffer.com with Google AdSense Advertising Program to Capitalize on Passive Income)
PALM BEACH, Fla., Jun 29, 2005 (BUSINESS WIRE) -- Union Equity, Inc. (Pink Sheets:UNQT) has registered http://www.KingOffer.com for inclusion in the Google AdSense program, enabling Google to utilize the new real estate website to post cost-per-click (CPC) or cost-per-1000-impressions (CPM) advertisements for their clients.
Home Sales Express, Inc., a wholly owned subsidiary of Union Equity, Inc., recently launched KingOffer.com to capitalize on the For-Sale-By-Owner real estate market. The website is designed as a comprehensive resource for homeowners seeking cash offers on their properties. KingOffer.com also allows homeowners to list their properties for sale on the open market and permits real estate investors to register as buyers. In addition, the site will feature an expansive real estate glossary, interactive help center, and current real estate industry news.
"The Google AdSense program is probably one of the greatest opportunities in existence for website owners," said Union Equity CEO Michael Anthony. "It's a turnkey source of potential revenues for e-commerce businesses since Google places their ads according to specific relevance. The Google AdSense program will allow us to capitalize on pass-through traffic, so even if a viewer doesn't register with us we can still generate passive income from the Google ads they click on or view."
According to Google, the Google ads that are displayed on the content pages of the website can be either cost-per-click (CPC) or cost-per-1000-impressions (CPM) ads, while AdSense for search results pages show exclusively CPC ads. This means that advertisers pay either when users click on ads, or when the advertiser's ad is shown on the website. Website owners receive a portion of the amount paid for either activity on the website. Google's goal is to enable website publishers to make as much or more than they could with other advertising networks.
The March 10, 2005 USA Today article by Jefferson Graham declared "Google's AdSense a Bonanza for Some Web Sites." The article detailed how the revolutionary cooperative program is "found money for many bloggers, small e-tailers and huge businesses -- from small personal sites ...to those of big-time corporations such as Amazon.com, the New York Times and About.com."
"Since KingOffer.com contains everything from a 700-term real estate glossary, to sections that deal with the foreclosure process, to yet other pages tailored to the For-Sale-By-Owner market, we have the opportunity to accommodate a wide variety of Google ads," said Anthony. "The more we build out the site the greater the opportunity we'll have with the Google AdSense program. The possibilities are infinite."
On June 28, 2005 Union Equity, Inc. reduced the company's authorized common stock by 50%, from 20 billion shares to 10 billion shares. The company simultaneously retired four billion shares of outstanding common stock held by management. The four billion shares of outstanding common stock have been returned to the company's transfer agent and cancelled.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com. About Union Equity
Union Equity is a national real estate development and holding company. The company operates independently and through its wholly-owned subsidiaries Eden Development Group and Home Sales Express and plans to grow aggressively over the next two to three years through acquisitions, mergers, internal growth and the development of a dynamic internet presence.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004 and is the nation's ninth most expensive housing market. Las Vegas has been the fastest-growing city in the United States for nearly 20 years and is one of the top housing markets in the country. Home prices in Las Vegas increased by nearly 50 percent in the past year.
Posted by Murnak on :
All that volume and then an up-tick!
Posted by Murnak on :
Union Equity and Home Sales Express to Immediately Capture Top Five U.S. Housing Markets via COMTEX
July 7, 2005
PALM BEACH, Fla., Jul 07, 2005 (BUSINESS WIRE) --
Union Equity, Inc. (Pink Sheets: UNQT) will award the first five territories for their wholly owned subsidiary Home Sales Express, Inc. in order to jumpstart the national chain. To generate maximum benefit for the company, the nation's top five housing markets are being targeted, including; Port St. Lucie, Florida; Las Vegas, Nevada; San Diego, California; Phoenix, Arizona; and Honolulu, Hawaii.
"There is no substitute for word-of-mouth marketing and success breeds success," said CEO Michael Anthony. "The best way to build a national chain fast is to immediately penetrate the nation's top five housing markets. After that, we're counting on serious referrals from these first five offices in addition to what we generate from our own marketing program. We're exercising extraordinarily strict criteria for these primary locations since they will be the first to represent our brand name."
The size of the exclusive territories will be calculated according to a strict demographic formula.
"These key cities can easily accommodate more than one Home Sales Express office without the owners stepping on each other's toes," Anthony said. "Our program is designed so the offices work in conjunction, not opposition, with each other in order to get the tough deals done. We're emphasizing a formal information exchange between the offices so they can share advice and resources and create a massive knowledge pool. The offices will be able to contact each other directly, but we are also designing a private message board on the master website so branch managers can post questions and offer solutions regarding pending deals."
The company is currently accepting applications on their website KingOffer.com. Interested parties are encouraged to contact the company immediately.
Home Sales Express, Inc. is a comprehensive resource for homeowners who want to participate as buyers or sellers in the For-Sale-By-Owner (FSBO) market. Through their website KingOffer.com, Home Sales Express is designed to attract owners of distressed properties that are not yet listed on the open market for outright purchase consideration by the company.
Upon approval and filing of a Uniform Franchise Offering Circular (UFOC), as applicable and where required by law, Home Sales Express, Inc. will provide franchisees with brand name recognition, a ready-made website and comprehensive marketing support. The pricing structure for the franchises is currently being finalized.
On June 28, 2005 Union Equity, Inc. reduced the company's authorized common stock by 50%; from 20 billion shares to 10 billion shares. The company simultaneously retired four billion shares of outstanding common stock held by management. The four billion shares of outstanding common stock have been returned to the company's transfer agent and cancelled.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at www.UNQT.com and the latest real estate news at www.KingOffer.com.
Posted by preciserm on :
would you all recommend getting out of unqt?
Posted by cajrel on :
At what price does every hope to sell? Is a penny or more unrealistic?
Posted by Murnak on :
Union Equity Subsidiary Preferred Properties Real Estate Inc. to Apply for Correspondent Lender Status
July 11, 2005 08:44:01 (ET)
PALM BEACH, Fla., Jul 11, 2005 (BUSINESS WIRE) -- Union Equity, Inc. (Pink Sheets: UNQT) subsidiary Preferred Properties Real Estate, Inc. is applying for Correspondent Lender status.
Correspondent Mortgage Lenders are entitled to make and services loans for others, for up to four months. The lender is authorized to originate mortgage loans and close loans in the name of the licensee, and is authorized to broker mortgage loans.
"As a Licensed Correspondent Lender we'll have access to a wide variety of loan programs from some of the nation's top lenders," said CEO Michael Anthony. "This gives us an obvious advantage. We also plan to use Preferred Properties Real Estate as a support vehicle for Home Sales Express."
Posted by <New Trader> on :
Down to .0001 Maybe this stock will respect us in the morning.................................
Posted by preciserm on :
hopefully
Posted by bfthunter on :
Hi Murnak. Were looking at 59 mill today and still no upward movement. Any thoughts. Glenn
Posted by Murnak on :
Union Equity Appoints President for Subsidiary Preferred Properties Real Estate Inc. via COMTEX
August 15, 2005
PALM BEACH, Fla., Aug 15, 2005 (BUSINESS WIRE) --
Union Equity, Inc. (Pink Sheets:UNQT) management has appointed Ms. Cyndi Lindenberger as president of Preferred Properties Real Estate, Inc., its subsidiary that is currently applying for correspondent lender status.
Correspondent mortgage lenders are authorized to originate and broker residential and commercial mortgage loans and collect a commission in the process.
Ms. Lindenberger possesses more than 20 years of experience in residential mortgage loan origination, processing, underwriting and real estate speculation.
Upon issuance of the correspondent lender license, PPRE will affiliate with a wide variety of wholesale lenders in order to accommodate conforming or "A" borrowers to those borrowers who fall outside of the requirements of traditional loan programs, otherwise known as "B-C" borrowers. Ms. Lindenberger is highly motivated and experienced in completing no doc, low doc and stated loans for clients.
In addition to fulfilling her responsibilities as president of PPRE, Ms. Lindenberger will act as Senior Underwriter for Union Equity Inc., analyzing files for loans Union Equity funds directly.
PPRE will offer loans to the general public but will also act as a support vehicle for Home Sales Express, a Union Equity subsidiary specializing in the For-Sale-By-Owner (FSBO) market.
Home Sales Express, Inc. is a comprehensive resource for homeowners who want to participate as buyers or sellers in the For-Sale-By-Owner (FSBO) market. Through its website http://www.KingOffer.com, Home Sales Express is designed to attract owners of distressed properties that are not yet listed on the open market for purchase consideration by the company. The site can also accommodate owners of conforming properties who want to sell directly without the assistance of a real estate agent.
Upon approval and filing of a Uniform Franchise Offering Circular (UFOC), as applicable and where required by law, Home Sales Express, Inc. will provide franchisees with brand name recognition, a ready-made website and comprehensive marketing support and access to financing through PPRE.
Interested parties should contact the company immediately.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com.
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Obviously. That's the way they play OB stocks.![[Cool]](cool.gif)
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