posted
I bought in this stock about a month and a half ago... and there's lots of trades a day but the pps doesn't hardly move. They must be diluting. IMO They may have something in the works that they need $ for. I like this company, and I think it will eventually do well in the long run. The company is responsive to thier shareholders.
quote:Originally posted by shadow: From their web page...
Ticker: USCI
Exchange: Pinksheets
SIC Code: 9995
20 billion shares authorized
Approximately 13 billion shares outstanding
Approximately 7 billion shares in the float
($2.1M on the float @.0003) ($3.9M for the o/s @.0003)
Not bad really - I have 5MS @.0002 looking at a 3x
posted
This is looking promissing, seeing that news is due soon about the rumored contracts and dealings.
RB is normal with the bashers/pumpers.
I know a few that are in this, myself included, not heavy or anything like that, but they do own shares. They sent me this site: http://usci . pro boards 27 . com
They rumored news and a PR, but all we got was a PR about alleged contracts.
posted
Todays volume of almost 2 billion shares traded is four times the highest one day volume that we have had in a long time, and most of it was at .0002. That sounds positive to me. And interestingly, the second highest volume day was also posted during this week. Over the last couple of months I have e-mailed oil companies that have heavy oil filds and stripper wells about USCI. And also a company that has just acquired a large heavy oil field in Russia that has the wells capped off and the company is going to evaluate to see which enhanced oil recovery methods would be best suited to stimulate the oil well recovery. Maybe one or more of the companies have negotiated a deal with USCI.
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U.S. Crude International Signs Agreement with Marketing Company Tuesday November 16, 8:00 am ET
REDLANDS, Calif., Nov. 16, 2004 (PRIMEZONE) -- United States Crude International Inc. (Other OTC:USCI.PK - News) today announced that the Company has completed negotiations and finalized an exclusive agreement with a marketing company to have its TM Steam Generator Technology marketed in Saudi Arabia, Kuwait and the Philippines. USCI will receive 49% of the revenue generated through this marketing agreement. U.S. Crude International is also still in negotiations with other marketing companies interested in marketing the TM technology in domestic and international markets. ADVERTISEMENT
USCI Interim President Tom Meeks stated that: ``We are excited about the marketing agreement and are pleased that everything is moving forward as planned. We are looking forward to increased sales and revenue in the upcoming year.''
The Company
United States Crude International is an oil-recovery and other energy related technologies company. USCI will market its current technologies. USCI holds the license and the rights to market the TM-96 Steam Generators, the TM-98 Portable Gas System and the TM-9 Deep Steam System. These units, used separately or in conjunction with each other, provide pressure needed to drive oil through a ground formation and improve the free flow of crude oil.
Although major oil companies have used steam and gas technologies for years, the TM technologies provide a portability and low cost of operation not previously available.
``Safe Harbor'' Statement Under the Private Securities Litigation Reform Act
Statements in this news release may contain forward-looking information within the meaning of Section 27a of the U.S. Securities Act of 1993 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties which may, individually or mutually, impact the matters described herein. There can be no assurance that such statements will prove to be accurate, and the actual results and future events could differ materially from those anticipated in such statements. The company assumes no obligation to update the information contained in this release. Readers should not place undue reliance on any forward-looking statements contained herein.
quote:Originally posted by poorman: think there has to be buys or sells for that Di. Showing 0 on Ameritrade. You still holding this?
HOLDING 3 MIL SHARE LOTTO TICKET. lol
GREAT NEWS OUT TODAY--MAYBE OUR SHIP WILL COME IN. THIS STOCK HAS MADE 3 NICE RUNS IN THE PAST TO THE .003 AND .004 POINT. LETS HOPE FOR A RUN!! IT HAS BEEN A WHILE!!
posted
I think they have to pay too much commission in this deal. 51% of the revenue is a lot if you ask me, especially when you look at the price of such a steam generator. This news wont do much to the PPS if you ask me.
posted
I think it's normal for a distributor to get a big cut like this. It depends on how much they are going to charge for one unit. I'm just glad they're finally getting this out to the public.
quote:Originally posted by Livios: I think they have to pay too much commission in this deal. 51% of the revenue is a lot if you ask me, especially when you look at the price of such a steam generator. This news wont do much to the PPS if you ask me.
quote:Originally posted by Trader O: I think it's normal for a distributor to get a big cut like this. It depends on how much they are going to charge for one unit. I'm just glad they're finally getting this out to the public.
[QUOTE]Originally posted by Livios: [b]I think they have to pay too much commission in this deal. 51% of the revenue is a lot if you ask me, especially when you look at the price of such a steam generator. This news wont do much to the PPS if you ask me.
Livios
[/B][/QUOTE]
I AGREE THAT THESE SMALL BUSINESSES HAVE TO START SOMEWHERE...JUST GLAD TO SEE SOME NEWS ON THIS.
posted
Did anyone lose on USCI. What's their story? I just got locked into 7 million shares at .0001 and can't seem to sell it. Should I hold on?
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posted
I bought 4 million at .0002 quite a while back. It's starting to look like it is never going to have any real sales. Did bounce up to .0004 for a few minutes once this week. Just before the close today I put in a Good Till Cancel order to sell at .0004. May have to lower that to .0003, but even that would be a 50% profit. If you got in at .0001, that would be a 200% profit.
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posted
well good luck selling it I have had usci for over a year now got in high at .0007 had a sell order in gtc for 3 days at .0001 and hasnt sold so might as well plan on hanging onto it and hoping for good news because there are no buyers and rightly so.
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posted
Ah don't you know how Bid Ask works in pennies. Before you can sell at .0002 the ask has to go to .0003. Thats why you see these go from .0001 to .0002. They are buying at .0001 and under and selling it at .0002 and under. The MM's will not buy it fromm you at .0002 unless they have buyers at .0003. So when you see it go to .0003 then you will be able to sell it at .0002. You know this company only has 2 employees right. The CEO and CFO. I really thinkthis isa dead stock, and if they haven't got the paperwork into the SEC yet they may stop trading again soon. But Good Luck
Ric
quote:Originally posted by Bigrod40: Just went to .0002 Shorters look out
posted
Granted it may have two or three employee's however that does not mean it will fail. It has hurdles to get over, no doubt about it, but the technology is very much relevant and useful.
It's a "good to get" stock at the .0001/2 range.
Even a small run-up to the .001x range will produce results for shareholders. http://usci . pro boards 27.com
posted
This is been said since June and it hasn't moved. They went out of business for 3 months and opened back up by CEO/CFO and put out a PR yet have no proof of any business or customers. They didn't file SEC paperwork which is so basic for a pinksheet you can type it in 2 minutes. No one know if they have even filed it yet and the SEC may stop trading Again. Who knows if they just opened doors to claim to want to sell the steam Generators only to be able to dilute more shares and flood market so they could pay there salariers for Christmas. Who knows so why try to get new investors in a potential ded stock other then to get rid of stock you are holding.
posted
Ric, Sounds to me that USCI has burned you. Do you own any shares? I bought in at .0001 hoping that the steam generator patent will take this company to .001 land. Predictions of oil shortages can only help. Steam, can and will make profitable, wells that were not at one time.
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posted
No, I made money on it to be honest. I did my research and hope everyone best but after reseach I feel the best thing is to wait an see if there is something here or not. But it doesn'y look good and just do dd and good luck.
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