Love the low floaters, I'll have to check out Ibub to see what they are saying...
Ulysses Holding Corp. Completes Reduction of the Company's Authorized Shares Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that it has completed the reduction of the company's authorized shares with The Secretary of State of Delaware, and now has the filed stamped resolution authorizing such.
The current authorized shares now are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common Shares.
The company is currently reviewing several options to further reduce its Authorized Common Shares by an additional 2,000,000 to 3,000,000 shares by years end. The purpose for this additional reduction is to strive towards our objective of a share price between $1.00 and $2.00 per the current business plan now in place.
"We believe this objective to be very obtainable with the current assets in place and scheduled to come into the company and other certain assets under negotiations, the goal is to have the least amount of common shares available, as not to dilute the common shareholders and positioning the company for the sale of a separate class of restricted stock to Institutional Investors," said Mr. Young President & CEO.
Mr. Young also added, "We intend to raise additional acquisition and growth capital in this fashion, while achieving a share price worthy of a move to a more reputable trading arena."
About Ulysses Holding Corp.:
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with an average or better industry margins.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact: Ulysses Holding Corp. Investor Relations Tel: 1-607-387-7353
Posted by madmoney on :
The company is currently reviewing several options to further reduce its Authorized Common Shares by an additional 2,000,000 to 3,000,000 shares by years end. The purpose for this additional reduction is to strive towards our objective of a share price between $1.00 and $2.00 per the current business plan now in place. ------------ sounds good!, bid is up!!
Posted by madmoney on :
up 42 percent! getting some volume! B/A, .09 x .12
Posted by tmanfromtexas on :
I take it you dont like the thread that is already here. lol. TMAN...
Posted by madmoney on :
up 71 percent, B/A - .095 X .12
Posted by madmoney on :
B/A, .11 X .12, hudson just moved to .15 on the ask.
Posted by Uncle Smelly on :
I don't like that thread, let's stick with this one. Good buy opp at .12 if it's going to $1!
Posted by Redwinger on :
Ulysses Holding Corp. After the Bell Announced Its First Acquisition
Last Update: 4:03 PM ET Nov 14, 2007
JACKSONVILLE, NY, Nov 14, 2007 (MARKET WIRE via COMTEX) -- Ulysses Holding Corp. (PINKSHEETS: UHCR) today after the bell announced its first Retail Optical Outlet acquisition. The company has acquired Westtown Optical of Ithaca, New York. Westtown Optical has been serving the community since 1980 and serves retail, insurance and union member clients with a complete line of eye care products, and eye exams on premise. The company generates in excess of 1M dollars per year of revenues and has operated profitably for the last 20 plus years.
"Ulysses Holding will not change the name of the store nor will the company replace any of its current employees; in another words, it will be business as usual. However, the company will seek ways to increase revenues with an aggressive advertising and marketing campaign amongst other marketing tools," said Dawn P. Young, V.P. of Operations.
"We believe this first acquisition fits right into our company's business model, which is acquire profitable local area retail operations without changing the name or employees; thus, not diminishing brand loyalty within the community," said Mr. Young, President & CEO.
Mr. Young also added, "We have several other acquisitions in the pipeline utilizing the same scenario and business plan, local loyalty with the advantages of a large corporations purchasing and operational strength."
About Ulysses Holding Corp.:
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with an average or better industry margins.
The current authorized shares now are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common Shares.
Posted by IMAKEMONEY on :
Related Quotes Sym. Price Chg. UHCR Trade News 0.11 0.04 Ulysses Holding Corp. After the Bell Announced Its First Acquisition
Nov 14, 2007 16:03:27 (ET)
JACKSONVILLE, NY, Nov 14, 2007 (MARKET WIRE via COMTEX) -- Ulysses Holding Corp. (PINKSHEETS: UHCR) today after the bell announced its first Retail Optical Outlet acquisition.
The company has acquired Westtown Optical of Ithaca, New York. Westtown Optical has been serving the community since 1980 and serves retail, insurance and union member clients with a complete line of eye care products, and eye exams on premise. The company generates in excess of 1M dollars per year of revenues and has operated profitably for the last 20 plus years.
"Ulysses Holding will not change the name of the store nor will the company replace any of its current employees; in another words, it will be business as usual. However, the company will seek ways to increase revenues with an aggressive advertising and marketing campaign amongst other marketing tools," said Dawn P. Young, V.P. of Operations.
"We believe this first acquisition fits right into our company's business model, which is acquire profitable local area retail operations without changing the name or employees; thus, not diminishing brand loyalty within the community," said Mr. Young, President & CEO.
Mr. Young also added, "We have several other acquisitions in the pipeline utilizing the same scenario and business plan, local loyalty with the advantages of a large corporations purchasing and operational strength."
About Ulysses Holding Corp.:
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with an average or better industry margins.
The current authorized shares now are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common Shares.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Great news, wow, this could run over $1 pretty quickly.
Such a low float, revenues, and a real verifiable business. What else could you want here?
Posted by IMAKEMONEY on :
FOR IT TO RUN OVER $5.00, LOL, LOOKS GOOD!
Posted by Uncle Smelly on :
$5 is possible if there are a few more acquisitions!
Posted by IMAKEMONEY on :
GAPPER! IMHO Posted by Redwinger on :
I'll take $1.86 right now, just to break even Posted by Uncle Smelly on :
Things are looking great here.
Going to buy a few more this am before the rush comes in!
Posted by IMAKEMONEY on :
NO GAPPER! Posted by Uncle Smelly on :
It will happen.
Posted by madmoney on :
moving up, now at .13, B/A .11 X .13! ( volume is low )
Posted by madmoney on :
this might actualy go somewhere, B/A now .12 X .14 and a new ( recently new ) MM just popped on the bottom of the ask side at .51 ( ACAP )
Posted by madmoney on :
"The company has received several calls from shareholders about the possibility of dilution, the answer is a resounding no, as I intend to build this company with the least amount of shares outstanding (current 3,458,525 common shares in the float) as possible," said Mr. Young, President & CEO. ------- could be good, VERY LOW float. up about 100 percent over the last few days, currently at .14 ( low volume ) decent volume should move it up pretty quick.
Posted by Sally77 on :
.14!!
Posted by Uncle Smelly on :
Looking great here, this could be one that runs over $1 pretty quickly:
- Low float, 3.5 million - Low A/S, 10 million - A real, verifiable business - More acquisitions being sought - Increasing interest
This one is on my radar big time
Posted by IMAKEMONEY on :
STRONG .14 NICE!
Posted by Uncle Smelly on :
Once we get more news here this thing will fly. I'm looking to buy at least 25,000 shares here if I can get them!
Posted by madmoney on :
just printed .15 Posted by blockbuster on :
I'm in!!! Filled at .12 this morning.
Looks to good to pass up, any news and this is going to fly bigtime.
Posted by Uncle Smelly on :
Holding .15, that may break today but definately next week.
Like I said this one has all the ingredients for a run over $1;
- Low float (3.5million) - Real, verifiable business - CEO who answers the phone - Low A/S 10 million - Buzz just starting.
This one could really bust out. I'm trying for 10K shares at .15
Posted by IMAKEMONEY on :
AGREED Smelly
Posted by GlassCrasher on :
So this is the old FGFC but with completely new management and business plan, is this correct?
Posted by BooDog on :
yep
Posted by Uncle Smelly on :
quote:Originally posted by GlassCrasher: So this is the old FGFC but with completely new management and business plan, is this correct?
Yes, Clayton Young bought it and it actually doing something real with it. How novel!
Posted by blockbuster on :
Keep this on your radar. Its quiet now but once the news starts coming it could be another nice runner with its 3.5mil float.
Posted by Upside on :
Enjoy any run this might have but play it smart. You're looking at another pump and dump here. The only reason the float is 3 million is because of the recent reverse split. The CEO will tell you what you want to hear but this is just another dilution machine and you will get burned if you hold out for that dollar or 5 dollars that you're reading about. Guarantee you that in the long run this is headed to the micro penny arena.
Posted by blockbuster on :
Ulysses Holding Corp. Signs Joint Venture-Development Deal With Island Associates Nov 26, 2007 9:46:00 AM JACKSONVILLE, NY -- (MARKET WIRE) -- 11/26/07 -- Ulysses Holding Corp. (PINKSHEETS: UHCR) today has announced that it has signed a Joint Venture-Development agreement with Island Associates.
The Companies will jointly build or acquire six locations throughout Long Island, New York; they will be prototypical of the Ulysses Westtown location. Each company will own a Fifty Percent (50%) Interest in the six locations with all expenses and profits shared equally. However Ulysses Holding Corp. will receive a management fee of 10% as the Managing partner.
The company expects its estimated share of revenues to the balance sheet from the six store joint venture to be $3,200,000 to $3,600,000 per annum.
"We are extremely pleased with this joint venture as it accelerates the number of stores the company will have under management while allowing the company to meet or exceed its objective regarding the number of units for its first year in business," said Mr. Young President & CEO.
About Ulysses Holding Corp.:
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with an average or better industry margins.
The current authorized shares are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common Shares.
About Island Associates:
Island Associates is a private investment group specializing in the retail medical and optical sector. The group acts only as an investor and does not participate in any day to day management of its investments.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact: Ulysses Holding Corp. Investor Relations Tel: 1-607-387-7353
Posted by IMAKEMONEY on :
JACKSONVILLE, NY, Nov 26, 2007 (MARKET WIRE via COMTEX) -- Ulysses Holding Corp. (PINKSHEETS: UHCR) today has announced that it has signed a Joint Venture-Development agreement with Island Associates.
The Companies will jointly build or acquire six locations throughout Long Island, New York; they will be prototypical of the Ulysses Westtown location. Each company will own a Fifty Percent (50%) Interest in the six locations with all expenses and profits shared equally. However Ulysses Holding Corp. will receive a management fee of 10% as the Managing partner.
The company expects its estimated share of revenues to the balance sheet from the six store joint venture to be $3,200,000 to $3,600,000 per annum.
"We are extremely pleased with this joint venture as it accelerates the number of stores the company will have under management while allowing the company to meet or exceed its objective regarding the number of units for its first year in business," said Mr. Young President & CEO.
About Ulysses Holding Corp.:
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with an average or better industry margins.
The current authorized shares are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common Shares.
About Island Associates:
Island Associates is a private investment group specializing in the retail medical and optical sector. The group acts only as an investor and does not participate in any day to day management of its investments.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Related Quotes Sym. Price Chg. UHCR Trade News 0.08 0 Ulysses Holding Corp. Secures Pertinent Domain Names for Its BusinessOperations
Dec 5, 2007 09:03:16 (ET)
JACKSONVILLE, NY, Dec 05, 2007 (MARKET WIRE via COMTEX) -- Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that it has secured the domain names of buyoptical.com and westtownoptical.com as these names are essential to the company's online presence and marketing strategy.
The first domain name secured was buyoptical.com, which will when completed direct consumers to the company's online store. At this time the company in its internet infancy will utilize an affiliate type strategy, meaning that the company will offer eyewear from other larger online suppliers via affiliate agreements and receive an 8% to 12% commission on all sales generated from its website.
The second domain name that the company has secured is westtownoptical.com, which will be utilized as an online presence for its first store (currently they have no internet presence) the website is currently under construction and is expected to be completed within the next week to two weeks.
"The company continues to add additional revenue producing ideas to its business, and will continue to grow its website presence thru online sales and discounts and money saving offers from manufactures thru its website as to increase consumer loyalty, while building a strong online presence and revenues," said Dawn Young V.P. of Operations.
About Ulysses Holding Corp.:
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with an average or better industry margins.
The current authorized shares are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common Shares.
About Island Associates:
Island Associates is a private investment group specializing in the retail medical and optical sector. The group acts only as an investor and does not participate in any day to day management of its investments.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: Ulysses Holding Inc.
Posted by IMAKEMONEY on :
The current authorized shares are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common Shares. Posted by tmanfromtexas on :
More news this AM... TMAN...
Ulysses Holding Corp. Engages Broker to Facilitate Additional Acquisitions 8:16a ET December 6, 2007 (Market Wire) Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that it has engaged Bridge Brokers to facilitate locating additional potential acquisitions.
The company has signed several confidentiality agreements regarding certain locations for sale. We, the company, expect an acquisition or two out of this relationship and are pursuing this vigorously.
"I expect, at the very least, to acquire one or more of these opportunities," said Clayton Young, CEO & President.
About Ulysses Holding Corp.:
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with average or better industry margins.
The current authorized shares are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common Shares.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: Ulysses Holding Corp.
Posted by IMAKEMONEY on :
Ulysses Holding Corp. Engages Broker to Facilitate AdditionalAcquisitions, HMM I LIKE IT!! Posted by tmanfromtexas on :
Dropped the ask to .065 on a 5000 share trade. I guess that one person didnt like the news. I do though. TMAN...
Ulysses Holding Corp. Has Agreed to Accept a 20 Million Dollar Line of Credit to Acquire Additional Retail Optical Outlets 8:53a ET December 11, 2007 (Market Wire) Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that it has agreed to a 20 Million Dollar line of credit specifically for the purchase of retail optical outlets.
The company has accepted this unsolicited offer of financing to acquire additional retail optical stores, the financier has specified that they are aware of the company's business plan and the industry and its potential high return on investments and believes that this investment is in the best interest of their investing objectives.
"The company and myself have agreed to this investment capital, but we will accept their funding only under our conditions, if it makes sense for the company and the shareholders. We will not harm the growth of the company by dilution or negligent decisions," said Clayton Young, President & CEO.
About Ulysses Holding Corp.:
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with average or better industry margins.
The current authorized shares are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common Shares.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: Ulysses Holding Corp.
Posted by IMAKEMONEY on :
Related Quotes Sym. Price Chg. UHCR Trade News 0.06 0.01 Ulysses Holding Corp. Clarifies the 20 Million Dollar Line of Creditto Be Used for Additional Retail Optical Outlet Acquisitions
Dec 12, 2007 09:03:01 (ET)
JACKSONVILLE, NY, Dec 12, 2007 (MARKET WIRE via COMTEX) -- Ulysses Holding Corp. (PINKSHEETS: UHCR) previously announced that it had agreed to a 20 Million Dollar line of credit, specifically for the use of acquiring additional retail optical outlets.
The company would like to clarify the terms and conditions of the line of credit. It can only be utilized to acquire new locations that meet the company's and lender's stringent guidelines. It cannot be used for any type of working capital or any other purpose. All new acquisitions will be encumbered with a UCC agreement on all inventory and equipment and mortgages on outlets that would include the purchase of the real estate if that is involved in the acquisition.
This strategy is in line with the company's overall business plan, which is to grow the company with debt financing as opposed to equity (sale of common stock) financing. The amount of the line of credit is due to the fact that certain outlets under negotiations will require the acquisition of the optical business and the buildings (free standing operations) and land.
The company's business plan also calls for ten to fifteen retail outlets within the first twelve months of operations and twenty to thirty additional outlets within the second twelve months of operations with an overall objective of a minimum thirty to thirty five outlets within a twenty four month period.
"The company and the lender/investors have agreed to this amount of credit line so that the company will have a reasonable chance of success. I remain steadfast on no dilution of the company's common shares as this would be counter-productive to our overall business plan which is to have a profitable operation with multiple locations and a share price that will truly reflect the company's value," said Clayton Young President & CEO.
About Ulysses Holding Corp.:
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with average or better industry margins.
The current authorized shares are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common Shares.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: Ulysses Holding Corp
Posted by blockbuster on :
Ulysses Holding Corp. Directors, President and CEO Approve an Additional Reduction of the Company's Authorized Common Shares
Tuesday January 8, 9:14 am ET
The current authorized shares are 12 Million; the company will file the appropriate resolution with the Secretary of State of Delaware this week to further reduce the authorized shares from 12 Million to 10 Million for a total additional reduction of 2 Million Shares. The company expects the entire process to be completed within 2 to 3 business days.
The 10 Million Authorized Shares will consist of 2,000,000 (restricted for two years in management's control with no conversion options or warrants to common) and 8,000,000 Common Shares. The company had previously announced that it was considering this action and now will do so.
"The company is taking this action to jump start its share price as it is management's belief that with the current revenues and assets of the company, the share price is not in line with the value of the company; in addition, with current additional assets coming into the company, this move will help the share price. The company is in a unique situation as it does not need to raise capital by selling shares as it is the intent of the company to use debt financing (already in place) to finance additional acquisitions and opening of new stores," said Mr. Young, President & CEO.
Mr. Young also stated, "The balance of common shares will remain in the company's treasury as a cushion for any possible acquisition that may require shares; if any shares are required for an acquisition they will only be issued as restricted."
About Ulysses Holding Corp.:
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with average or better industry margins.
Current Corporate Share Structure:
2,000,000 Preferred Shares Outstanding
4,148,462 Common Shares Outstanding In The Public Float
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
Ulysses Holding Corp. Investor Relations Tel: 1-607-387-7353 Email Contact http://www.ulyssesholding.com Posted by blockbuster on :
Up 175% already and still going.
Posted by blockbuster on :
EOD up 200% Keep an eye on this one. More news on acquisitions and we could get a nice pop.
"The company's business plan also calls for ten to fifteen retail outlets within the first twelve months of operations and twenty to thirty additional outlets within the second twelve months of operations with an overall objective of a minimum thirty to thirty five outlets within a twenty four month period".
I've been awaitin. Just a little more news and we may be off to the races. TMAN...
Posted by blockbuster on :
MORE NEWS!! JAN. 9
Ulysses Holding Corp. Enters Two New Long Term Lease Agreements to Establish Two New Optical Centers in Major Markets
Wednesday January 9, 9:02 am ET
JACKSONVILLE, NY--(MARKET WIRE)--Jan 9, 2008 -- Ulysses Holding Corp. (Other OTC:UHCR.PK - News) today announced that it has negotiated two new lease agreements in major markets to establish and build out two new retail optical centers.
The company has entered into two long term lease agreements to establish and build out two new retail outlets under its Westtown Optical Brand, the first location will be in New Jersey and the second location will be in the Metropolitan New York Area.
The company will build out its New York Metropolitan outlet as a flagship optical superstore, thus creating name recognition for its other outlets going forward.
The company will fund this activity via its established line of credit, with no dilution in equity to its shareholders.
"We are very focused on achieving our previously stated goals of growth of 12 to 15 outlets within the first year of business and these leases are a great start towards those goals. We will continue to find the best opportunities in the multi-billion dollar vision industry and capitalize on them as we strive towards our objective," said Clayton Young President & CEO.
About Ulysses Holding Corp.:
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with average or better industry margins.
Current Corporate Share Structure:
2,000,000 Preferred Shares
4,148,462 Common Shares Outstanding In The Public Float
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
100 at 089 looks so sweet
Posted by IMAKEMONEY on :
I THINK WE SEE .10 TODAY. Posted by Homersbud on :
Bids slowly creeping up.
071x08 1x2.
Posted by blockbuster on :
MORE NEWS!!!
Ulysses Holding Corp. Acquires Two Additional Retail Outlets
Thursday January 17, 9:48 am ET
JACKSONVILLE, NY--(MARKET WIRE)--Jan 17, 2008 -- Ulysses Holding Corp. (Other OTC:UHCR.PK - News) today announced that it has negotiated the acquisition of two additional retail outlets.
The company has issued restricted stock and will also pay some cash for this acquisition; this is keeping within the previously announced capitalization plans of the company. The share structure will remain the same with the public float not changing and the previously announced reduction of authorized common shares to eight million.
With this acquisition of two additional outlets and the two outlets under construction along with the one already operating, the company will have a minimum of five outlets operating within the first quarter and will be well on its way towards the stated objective of fifteen outlets by year's end.
The company anticipates on a pro-rata basis revenues of approximately $750,000 to $1,000,000 million dollars per outlet per year.
"We are very pleased with this acquisition as it adds two new outlets to our growing portfolio, we are equally pleased that this deal was able to be made with 75% of the company's restricted stock and the balance in cash, this was achieved because of the seller's belief in the company's business plan and the potential for appreciation in the share price of the sellers restricted shares in one year," said Clayton Young, President & CEO.
About Ulysses Holding Corp.:
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets or locations with average or better industry revenues/margins.
Current Corporate Share Structure:
2,000,000 Preferred Shares
4,148,462 Common Shares Outstanding In The Public Float
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact: Ulysses Holding Corp. Investor Relations Tel: 1-607-387-7353 Email Contact http://www.ulyssesholding.com Posted by Homersbud on :
Ulysses Holding Corp. Reports Better Than Expected Year End Earnings From Their First Store Wednesday January 23, 9:01 am ET
JACKSONVILLE, NY--(MARKET WIRE)--Jan 23, 2008 -- Ulysses Holding Corp. (Other OTC:UHCR.PK - News) today announced that revenues from its first store exceeded expected projections.
ADVERTISEMENT The company had expected revenues of around $750,000 for the year ended, instead revenues were $875,000 rounded up, the company is encouraged with the better than expected results.
"The company will continue to acquire under valued properties such as this one and with the expertise of management we will continue achieve better than expected results," said Clayton Young President and CEO.
About Ulysses Holding Corp.:
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with average or better industry margins.
The current authorized shares are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common Shares.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Source: Ulysses Holding Corp.
Posted by IMAKEMONEY on :
KICK IT IN THE ASK Homersbud.LOL
Posted by Homersbud on :
I did first thing this morning at 055!!
This will move when we least expect it.
Posted by IMAKEMONEY on :
YA BABY!
Posted by Homersbud on :
05x06 2x1
Posted by Jason0352 on :
1:1 Divy--float=8mil as result
Ulysses Holding Corp. Executive Management and Directors Have Approved a 1 for 1 Stock Dividend to All Common Shareholders Tuesday January 29, 12:26 am ET
JACKSONVILLE, NY--(MARKET WIRE)--Jan 29, 2008 -- Ulysses Holding Corp. (Other OTC:UHCR.PK - News) today announced that Executive Management and Directors have approved a 1 for 1 Stock Dividend to all Common Shareholders.
ADVERTISEMENT Management has decided to take this action based on the advice of its Financial Advisors, as to increase liquidity in the Company's Securities. The 1 for 1 Stock Dividend is for all Common Shareholders only and will not include Management as they do not hold any Common Shares.
The Stock Dividend will be payable to Shareholders of record on February 11, 2008 and will be payable to Shareholders on February 29, 2008.
"I have on the advice of the company's Financial Advisors decided that this action will be in the best interest of the Company and its Shareholders as the Company's Securities have become stagnant due to the fact that we believe the float is too low, after the Dividend the public float will be a very reasonable 8,296,924 thus bringing the company's market cap to a still very undervalued $414,846 from the current market cap of $207,423," said Clayton Young President & CEO.
Mr. Young also added, "The company and its advisors believe that since the very small float after the Dividend will not have any negative impact on its share price."
About Ulysses Holding Corp.:
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets or locations with average or better industry revenues/margins.
Current Corporate Share Structure:
2,000,000 Non Convertible Preferred Shares (In Managements Control)
4,148,462 Common Shares Outstanding In the Public Float
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
Contact:
Ulysses Holding Corp. Investor Relations Tel: 1-607-387-7353 Email Contact: Email Contact Website: http://www.ulyssesholding.com Posted by Homersbud on :
I like. Wonder if these divys will be restricted?
Posted by madmoney on :
quote:Originally posted by Homersbud: I like. Wonder if these divys will be restricted?
I would think not, PR said they want to increase liquidity so they should be free trading. at least thats the way i read it.
Posted by Homersbud on :
quote:Originally posted by madmoney:
quote:Originally posted by Homersbud: I like. Wonder if these divys will be restricted?
I would think not, PR said they want to increase liquidity so they should be free trading. at least thats the way i read it.
makes sense. bought a few more here at 055. took forever to get filled
Posted by Uncle Smelly on :
I think this is great news, I'll be buying! The shares will be free trading as they want to increase the float.
Posted by Homersbud on :
I've never had free trading shares in any divys, so this is awesome!!!
055x065
Posted by Uncle Smelly on :
This is going to be sweet, people should be scooping up share like crazy here. CEO has a great plan for 2008 and is actively pushing to get this over $1.
You don't see that too often in the stocks.
Posted by Uncle Smelly on :
I think 20 cents here is doable short term.
Posted by Homersbud on :
06x065
anything is doable with such a low float. .20 would be sweet, lets hope!!
Posted by Homersbud on :
06x07 now
Posted by Homersbud on :
053x058...lol
Posted by Hitman on :
Wow In October 07 they did a 1:80 Stock split? Any thoughts
Posted by Homersbud on :
quote:Originally posted by Hitman: Wow In October 07 they did a 1:80 Stock split? Any thoughts
they started fresh. new management, new business plan, new everything.
Posted by Hitman on :
Thanks for the info.. Posted by Homersbud on :
08x087!!!!!
Posted by stocktrader22 on :
looks interesing...reported 850k in revs, A/S is only 12mill and float is only 4mill right now...with the one share dividend float gets double to 8mill but price may not be effected as much..may be a buy especially since u have till feb 11th so the rush to get in hasnt appeared yet.hmm
Posted by Homersbud on :
073x089, gooooooooooooo!!!
Posted by Homersbud on :
bid slowly creeping up
08x089 1x1
Posted by Homersbud on :
09's printing, yeeeeeeeeeeeeeees
08x09 2x1
Posted by Uncle Smelly on :
This is ready to blow a gasket past $1 on this float.
Posted by Homersbud on :
quote:Originally posted by Uncle Smelly: This is ready to blow a gasket past $1 on this float.
weeeeeeeeeeeeee! 09x095!
Posted by Homersbud on :
095 close, woohoo!!!
Posted by madmoney on :
I dont know about a buck but WAY higher from here maybe .20/.35+
Posted by tmanfromtexas on :
Id take .20 any day. TMAN...
Posted by Homersbud on :
Yeeeeeeeeeeeeeeeeeeeeeeeeeeeees!! 10x13!!
Posted by madmoney on :
printing .12!!! lets move baby!!!!
Posted by blockbuster on :
Picked up more this morning. Ground floor opportunity won't last long.
Posted by madmoney on :
up a bit each day! slow and steady rise!! Posted by Homersbud on :
quote:Originally posted by madmoney: up a bit each day! slow and steady rise!!
Yup! Good luck to everyone still in! I sold the rest of my shares at .115.
It'll hit .20 now...lol
Posted by madmoney on :
JACKSONVILLE, NY -- (MARKET WIRE) -- 02/04/08 -- Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced that the Ex-Dividend Date for the Share Dividend is Feb. 7, 2008.
The Company is addressing this issue as several shareholders have contacted the Company regarding this matter; to be eligible to receive the 1 for 1 Share Dividend you must have purchased shares no later than Feb. 7, 2008 thus after settlement (3 days not including holidays or weekends) to be a shareholder of record on Feb. 11, 2008. This will entitle you to the Dividend.
All Dividend Shares will be free trading and will be distributed on Feb. 29, 2008 by the Company's Transfer Agent. If any shareholder has further questions regarding this matter please feel free to contact your Broker or the Company.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact: Ulysses Holding Corp. Investor Relations Tel: 1-607-387-7353 Email Contact: Email Contact Website: www.ulyssesholding.com Posted by stocktrader22 on :
This is a fantastic deal. Float is so small and stores making great revenue
Posted by Uncle Smelly on :
Yes, I'm buying as much as I can , 75K shares now and I'll be getting 75K free shares. Even if I dump those 75K free shares at .05 that's $3,750 !!!
This is the best deal out there right now. I truly am amazed this is not approaching 50 cents or higher.
Posted by tmanfromtexas on :
Interesting news. The acquired company is for real and is making money. Will that mean we will be making money??? Hope so. TMAN...
Ulysses Holding Corp. Announces an Aggressive Significant Acquisition Tuesday February 5, 1:42 am ET
FT. MOHAVE, AZ--(MARKET WIRE)--Feb 5, 2008 -- Ulysses Holding Corp. (Other OTC:UHCR.PK - News) today announced it has reached an agreement to acquire a significant revenue-producing asset, SecureNetView: www.securenetview.com.
The Company has not or will not deviate from its original business plan of building a chain of retail optical stores; it has recognized a business opportunity within the online retail security arena.
SecureNetView is a well established online security monitoring company of nursery schools and other important retail outlets.
SecureNetView anticipates approximately $2,200,000 to $2,500,000 this year and with the technology involved, Ulysses Holding Corp. believes that the revenue can be doubled within the next year.
Ulysses Holding Corp. will pay SecureNetView (a privately held company) restricted stock; the transaction will be in the form of a share swap, five shares of UHCR restricted common stock (for one year) for one share of SecureNetView's privately held shares.
"We have reviewed this deal several times and even though it does not fit the company's total business plan of a chain of retail optical stores, we just could not pass on the terms and revenues it affords the company," said Clayton Young, President & CEO.
Dr. Bob Beverley, President, said, "We are glad that after hours of negotiations (Pacific Time), we were able to reach an agreement, as it is my belief that SecureNetView will be able to reach its fullest potential as a part of the Ulysses Holding Corp. family and I am fully committed and excited about this deal."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
-------------------------------------------------------------------------------- Source: Ulysses Holding Corp.
Posted by IMAKEMONEY on :
Posted by Uncle Smelly on :
We're going to head much much much higher from this level!
Posted by madmoney on :
lets get this thing moving!! BUMP!!
Posted by Gimme_my_change on :
Question, do we have to be a current shareholder as of February 29th to receive the x-dividend? Or can we hold our shares until after the 11th and then sell, then on the 29th get a share for share dividend?
Posted by T e x on :
quote:Originally posted by Gimme_my_change: Question, do we have to be a current shareholder as of February 29th to receive the x-dividend? Or can we hold our shares until after the 11th and then sell, then on the 29th get a share for share dividend?
no one can say--it's not on the daily list...
Posted by tmanfromtexas on :
UHCR - Ulysses Holding Corp. Common Stock Declaration Date:
-- Ex Date:
3/3/2008 Record Date:
2/11/2008 Payment Date:
2/29/2008 Dividend Type:
Stock Dividend or Split Dividend Amount:
2-1 stk Notes:
Due Bill Redeemable Date: 03/05/2008
Posted by T e x on :
cool...must've posted Friday.
Funny, they've got the ex-date after the pay date...
Posted by tmanfromtexas on :
news out today. Divy out Monday. TMAN...
Ulysses Holding Corp. Updates the Acquisition of SecureNetView 9:39a ET February 26, 2008 (Market Wire) Ulysses Holding Corp. (PINKSHEETS: UHCR) today announced the status of the pending acquisition of SecureNetView: www.securenetview.com.
UHCR's accountants and attorneys have completed all of their due diligence and have advised the company to move forward with the acquisition based on their findings.
UHCR will pay SecureNetView (a privately held company) restricted stock; the transaction will be in the form of a share swap, five shares of UHCR restricted common stock (for one year) for one share of SecureNetView's privately held shares.
The actual share count for the acquisition will be released once it is determined by the accountants, it is the intent of the company to pay the least amount of "restricted shares" as possible as UHCR is committed to the least amount of outstanding shares possible.
"We have eagerly awaited the approval for the go ahead on this deal from the accountants and attorneys from day one, as we know the growth potential and the current revenue stream is exceptional of SecureNetView and we are happy that the professionals see it the way we do," said Clayton Young President & CEO.
Mr. Young also stated, "That the company is very excited to add the revenues of SecureNetView to its balance sheet along with its growth potential, it's a rare day when a small company like ours gets the opportunity to acquire a company such as SecureNetView and we will take full advantage of the opportunity afforded us."
Dr. Bob Beverley, President of SecureNetView, said, "We are extremely excited about UHCR's management's acceptance of this acquisition and look forward to working with them in a smooth transition of our company with theirs, I have to say UHCR and their accountants have wrung us through the ringer with their due diligence and I am completely satisfied that our company met all their standards."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
What does this really mean?
Posted by tmanfromtexas on :
It means imo that they are buying a revenue making company with restricted stock for one year. There is a divy that will be paid next Monday. You get one share for everyone you own now. TMAN...
Posted by tmanfromtexas on :
Lots of folks at ihub have gotten their divy. TDA hasnt updated yet. There are some that got the divy that didnt go with their sell after the 11th, so this now becomes interesting again. TMAN...
Posted by IMAKEMONEY on :
I GOT MINE TMAN.
Posted by tmanfromtexas on :
I am jealous. lol.
Posted by SoAngel on :
I have not received mine yet, just for reference.
*edit* nevermind, I just logged in and checked and I definitely DID receive them.
Posted by tmanfromtexas on :
This is getting a little interesting now. TMAN...
Ulysses Holding Corp. to Retain an Outside Auditor, to Review Trading Activities in Its Securities 10:36a ET March 10, 2008 (Market Wire) Ulysses Holding Corp. (PINKSHEETS: UHCR) announced today that after a special weekend meeting between its management and advisors that the company will retain an outside auditor to review the trading activities and share counts of its securities.
The company has determined that this course of action is necessary to determine the continued stagnated price of its securities as the company continues to trade near its 10 day average with virtually all buying and minimal selling yet the share price continues to remain the same.
The management and their advisors believe that suspicious trades are or have taken place (suspected naked shorting and or phantom shares) as the company has lost 66% of share value/market cap (pre-dividend) within the last 30 days with no increase in the float (free trading shares) by the company.
The company has received evidence that certain brokers and banks may have issued phantom dividend shares to persons not entitled to receive them. Additionally, some brokers issued dividends prematurely to customers who sold before the issuance date, but the persons who bought the shares also received the dividends, creating a short position for the brokerage house that erred. In fact, some customers who received their dividends prematurely sold both their stock and the dividend, and the persons who bought the shares and dividend then received a dividend on both the original shares and the dividend shares. This appears to have resulted in non-existent shares being traded by the public.
According to published reports, over one percent of the company's shares are on the short sale list. Of course, the holders of the short positions would owe the dividend shares as well. This, of course, does not account for the broker errors or the improper naked short positions.
Management also noted that, perhaps learning from a similar situation which occurred with PAIVIS Corp., TD Ameritrade seems to be one of the few brokers that properly accounted for the dividend. The company received complaints that other brokers prematurely issued the dividend to some customers thus causing a need to create a massive cover in its securities.
"We are very concerned with the possible naked short selling of the company's securities and will take all legal measures to assure that this decimation of the company's share price be halted immediately, as it is my obligation as President & CEO to protect the company's and shareholders investment," said Clayton Young.
Clayton Young, President & CEO, also stated, "The company's year end revenues exceeded expectations along with the pending opening of an additional 4 units and the acquisition of SecureNetView that clearly the short-sellers (of which we believe) were not expecting our resolve in the growth of this company. We will utilize any and all legal remedies to protect our shareholders and the company including contacting the SEC, I would like to also thank the numerous loyal shareholders who have lent their time and energy in bringing this problem to our attention and I can assure all the shareholders that the company and myself will do everything possible to remedy these illegal activities that we believe are being perpetrated upon our company, I will be sure that we force each and every share to be accounted for and covered, upon the completion of our independent auditors findings."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Related Quotes Sym. Price Chg. UHCR Trade News 0.07 0.002 Ulysses Holding Corp's Outside Auditor Recommends an Immediate Reviewof All European Markets
Mar 11, 2008 02:24:45 (ET)
LONDON, Mar 11, 2008 (MARKET WIRE via COMTEX) -- Ulysses Holding Corp. (PINKSHEETS: UHCR), as previously announced, has assigned a special outside auditor to review the trading in their securities. The auditor has recommended that an immediate review of the European markets would be appropriate.
The company's outside auditor believes that the possible shorting of its shares may be originating from the Berlin Stock Exchange or other European exchanges, and based on this recommendation the company has moved to retain a very well respected Barrister in London, England, to investigate said claims.
The company is humbled by the International recognition that it has received, but wishes it was under different circumstances. The company continues to conduct business as usual and hopes that any wrong doing will be corrected and laid to rest.
"We are only concerned with doing business and our shareholders' interest; I appreciate all the hard work that our auditor, attorneys and others are doing on our behalf to correct any injustices that may have occurred, we only want to get back to doing business and building our company," said Clayton Young President & CEO.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Are you guys on crack? This CEO has no clue WTF he's talking about. "Hey, let's double the share count to make the company twice as valuable. In fact, why not do a 10,000:1 split, whoops, I mean 'dividend', so we have a higher market cap than Microsoft and Google!?!?! Weeeeeeeeeeeeeeeeeeeeeeeeeeeeee"
His advisors must likewise have no clue how markets work.
quote:Originally posted by Jason0352: "I have on the advice of the company's Financial Advisors decided that this action will be in the best interest of the Company and its Shareholders as the Company's Securities have become stagnant due to the fact that we believe the float is too low, after the Dividend the public float will be a very reasonable 8,296,924 thus bringing the company's market cap to a still very undervalued $414,846 from the current market cap of $207,423," said Clayton Young President & CEO.
Mr. Young also added, "The company and its advisors believe that since the very small float after the Dividend will not have any negative impact on its share price."
Posted by IMAKEMONEY on :
CRACKHEADS UP 5% LOL
Posted by PCola77 on :
Oh, I'm not stupid, I know you can (and often do) make more money off of stupid management than good management in penny-land, but to hear some people (not here, necessarily), he's the worlds smartest man and is about to make everyone multi-billionaires...
by the way, considering the 2 blocks of 250K+ each of the last two days, isn't it time to worry that there can't be much more to cover, considering the absolute max short was (according to someone else, I didn't check it) 4 million, which makes it more likely that it was under a mil? If half the short or more is alreay covered, where's the upside potential?
Posted by T e x on :
funny...didn't connect the dots earlier, or I wouldn't have started another thread...
Posted by PCola77 on :
Crackheads down 23%
quote:Originally posted by IMAKEMONEY: CRACKHEADS UP 5% LOL
Posted by IMAKEMONEY on :
IM OUT, LOL. Posted by PCola77 on :
Why would you get out, given the HUGE short squeeze that's gonna happen soon : Posted by IMAKEMONEY on :
Ulysses Holding Corp. Releases Its Outside Auditor's PreliminaryRecommendations
Mar 13, 2008 13:43:04 (ET)
JACKSONVILLE, NY, Mar 13, 2008 (MARKET WIRE via COMTEX) -- Ulysses Holding Corp. (PINKSHEETS: UHCR) previously announced that it has retained a special outside auditor to review the trading patterns of its securities.
The auditor has recommended after its preliminary review that the company immediately change its CUSIP I.D.; secondly, the company erred by issuing a stock dividend, as this only allowed the increased potential for shorting of its securities.
The auditor also recommended that the company embark on a buyback of 4 million of its common shares on the open market effective immediately.
"Management has accepted the auditor's recommendations and will implement such immediately; we will not tolerate any abuse in the trading of our securities by anyone and will take whatever action necessary to stop any and all abuses," said Clayton Young, President.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Well, I have to admit the CEO played it right. There was huge hype on this one, and this PR was just what the longs wanted to hear. Regardless if there was a short position or not, I wouldn't be surprised to see a run from here on this news. I humbly apologize to who ever I convinced to sell.
Posted by blockbuster on :
hitting .09's- Up 39% & climbing, volume kicking in now.
Posted by SoAngel on :
I really wish I never saw the letters UHCR again for the rest of my life.
Posted by Uncle Smelly on :
quote:Originally posted by SoAngel: I really wish I never saw the letters UHCR again for the rest of my life.
This is going to 50 cents - $1 buddy.
Posted by blockbuster on :
Theres lots of room to buy in here. The CEO wants this between $1-$2 range and with a 4 million buy back this thing will fly. They're buying back half the float!!!
Posted by Uncle Smelly on :
Yes, this is just the beginning of the bigger run in my opinion. Could gap up huge tomorrow am.
Posted by PCola77 on :
Okay, let's be realistic here. Why would you do a 1:1 split and then buy back all those shares at higher prices?
Even if you acknowledge that the split was a mistake, I don't see how the "fix" is to blow a bunch of cash buying them back. Anyone know how much cash the company had on hand to see it it would even be possible to do it?
Posted by Uncle Smelly on :
10 CENTS BREACHED
Posted by Uncle Smelly on :
quote:Originally posted by PCola77: Okay, let's be realistic here. Why would you do a 1:1 split and then buy back all those shares at higher prices?
Even if you acknowledge that the split was a mistake, I don't see how the "fix" is to blow a bunch of cash buying them back. Anyone know how much cash the company had on hand to see it it would even be possible to do it?
If you had bought when I told you to you would now have another almost 100% gain dude. Sheesh!
Posted by PCola77 on :
Yeah, but you continue to ignore anytime I ask a legitimate question. As tex says, the point here is to get better at trading. One thing I won't do is buy a stock because someone says to, without being clear on why I'm buying it.
For the record, I did buy some when I saw the PR, and am already out for just over a 20% gain. The reason was because I could see the momentum, and predicted how people will take the news.
However, if I am to stay in for more than a short pop, I need to know if it's possible to do what he says, because it smells bad to me. My instinct says it's just another pinky CEO trying to create a fake short squeeze by getting people all fired up and buying en masse.
Posted by Uncle Smelly on :
quote:Originally posted by PCola77: Yeah, but you continue to ignore anytime I ask a legitimate question. As tex says, the point here is to get better at trading. One thing I won't do is buy a stock because someone says to, without being clear on why I'm buying it.
For the record, I did buy some when I saw the PR, and am already out for just over a 20% gain. The reason was because I could see the momentum, and predicted how people will take the news.
However, if I am to stay in for more than a short pop, I need to know if it's possible to do what he says, because it smells bad to me. My instinct says it's just another pinky CEO trying to create a fake short squeeze by getting people all fired up and buying en masse.
It's a PENNY STOCK dude - they all are BS and run on MOMO, PR's , etc. Who CARES if it is 'legitimate' LMAO !! !
IT'S RUNNING AND IT'S GOING MUCH MUCH MUCH HIGHER
And really that is all that matters, I can't believe you actually make money with your attitude!
Posted by PCola77 on :
I do pretty well because I don't lose money on many plays. Sure, I miss out on a lot, but just because it's a penny stock going on momo doesnt' mean you shouldn't confirm the things that it's running on. You'll get burnt far too often if you buy a stock like this that's already up 100% on a rumor, because people who were in early have already found that the rumor is false and are moving on to the next one.
Posted by PCola77 on :
For example, on one like this, the big guys may see that they have no cash on hand, so they can't buy any shares back, and sell after a tidy profit. Or they may find that the company has 10x more cash than they need, and may stay on until they see volume of 5-6 million, and be totally comfortable doing so. People who don't do any checking are the ones taht get nervous on any move up or down, because they don't know what it will do next. I won't get in a stock unless I'm pretty sure I know what it will do next, and why.
You obviously don't play that way, and that's fine, to each his own.
Posted by IMAKEMONEY on :
THAT WAS SOME EASY MONEY P77,LOL Posted by tmanfromtexas on :
quote:Originally posted by SoAngel: I really wish I never saw the letters UHCR again for the rest of my life.
After i sell out I will probably never trade this again. Made money in 2006 on the first big ass run, then reentered and didnt cut my losses. Went through the RS and bought on dips until my cost was at .09. The divy set my cost at .045. Now I am basically riding free shares so I hope the hype carries this one up a little more. It will be a nice little payday when I am out. BTW PCola good trade, 30% is good any day. TMAN...
Posted by Homersbud on :
can we please get back to at least .10 so I can make a lil money?
Disappointing close.
Posted by IMAKEMONEY on :
MAY GAP OPEN Homersbud Posted by Homersbud on :
quote:Originally posted by IMAKEMONEY: MAY GAP OPEN Homersbud
That's what I'm hoping for!
Posted by tmanfromtexas on :
What the hell did you buy at homer? was it before or after the split? TMAN...
Posted by Homersbud on :
quote:Originally posted by tmanfromtexas: What the hell did you buy at homer? was it before or after the split? TMAN...
After! I haven't played this since early Feb, but I saw the news late and hoped in at 085.
Posted by IMAKEMONEY on :
THEN YOUR UP!!!!!!!! Posted by Homersbud on :
very very little, but I am green! Posted by IMAKEMONEY on :
GREEN IS GOOD!
Posted by PCola77 on :
So where are all the cheerleaders on this one today? Posted by GlassCrasher on :
Yep, what a POS this turned into all of a sudden.
Posted by tmanfromtexas on :
Dont know where they all went PCola, still have plenty to sell when I feel the time is right and buy if the price gets right. heheh. TMAN...
Posted by PCola77 on :
You held through .10? You're crazy! Posted by IMAKEMONEY on :
GET THE POM POMS READY P77,LOL
Posted by PCola77 on :
You getting ready to buy back in?
Posted by IMAKEMONEY on :
I DID!! Posted by PCola77 on :
Well this is definitely one for the pros. I would be shocked if lots of newbs don't end up losing a lot of money before this one's all said and done.
Posted by IMAKEMONEY on :
YEP.
Posted by tmanfromtexas on :
Youre probably right Pcola. LOTS of people have already lost lots of money here. I am basically riding free shares for the most part so I am gonna watch it unfold for a few more days. TMAN...
Posted by Homersbud on :
garbage, I sold for a loss. couldn't even get back to .10, geez.
Posted by PCola77 on :
Great call Smelly.
Wait, before you respond, let me guess what you're going to say "Whatever. It went up over 100% since I first told you to buy it so you could have made a bunch of money on it. Pay no attention to the fact that even as it hit .10 I said it could go up another 1000%. I only want to point out the times that I was right, and ignore the times that I was wrong."
quote:Originally posted by Uncle Smelly:
quote:Originally posted by SoAngel: I really wish I never saw the letters UHCR again for the rest of my life.
This is going to 50 cents - $1 buddy.
Posted by IMAKEMONEY on :
LOL, OUT AT .075 BUT THIS IS STARTING TO LOOK GOOD HERE AT .062
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