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.
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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:
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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.
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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.
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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?
-------------------- wide open until you see god, then brake!
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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...
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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).
-------------------- It is always darkest before it goes completely BLACK!!!
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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.
-------------------- If it wasn't for bad luck I'd have no luck at all.
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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.
-------------------- If it wasn't for bad luck I'd have no luck at all.
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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?
-------------------- wide open until you see god, then brake!
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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.
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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.
-------------------- If it wasn't for bad luck I'd have no luck at all.
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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
-------------------- wide open until you see god, then brake!
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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.
-------------------- If it wasn't for bad luck I'd have no luck at all.
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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......
-------------------- If it wasn't for bad luck I'd have no luck at all.
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