posted
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
-------------------- wide open until you see god, then brake!
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posted
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."
-------------------- It is always darkest before it goes completely BLACK!!!
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posted
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
-------------------- "The Americans will always do the right thing... After they've exhausted all the alternatives." - Winston Churchill
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posted
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
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posted
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
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.
-------------------- May your trading build your character as well as your portfolio.
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posted
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
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.
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posted
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.
-------------------- May your trading build your character as well as your portfolio.
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posted
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.
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posted
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
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posted
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 ]
-------------------- May your trading build your character as well as your portfolio.
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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.
-------------------- "The Americans will always do the right thing... After they've exhausted all the alternatives." - Winston Churchill
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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...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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<New Trader>
unregistered
posted
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.
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posted
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...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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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?!?
-------------------- If it wasn't for bad luck I'd have no luck at all.
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i need a FAR better out price
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