posted
Sorry to hear you guys are getting hit hard by this long and protracted downtrend. I was able to mitigate my losses. Got in originally at .0046 an got out in the .009's. Then back in with only 40k. I'm hoping that after the split folks will want to get in cheap. I have a feeling that there may be a major PR after the split that will push this back up. Cross your fingers, and maybe even sacrifice a chicken. I have one if anyone wants it.
-------------------- If it wasn't for bad luck I'd have no luck at all.
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Good buying oppty at 0.01 Good buying oppty at 0.005 Good buying oppty at 0.004 Good buying oppty at 0.003 Good buying oppty at 0.0024 and now Good buying oppty at 0.0022 ..
... how about we just wait and buy at 0.0001 then we at least sure it seen the buttom.
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posted
I would say that this is a buy now for the first time since it was .002 before the run up. I think this could go down a little further (not to .0001) but overall I would rate this a as a long-term buy. Nothing bad has happened to the underlying business here--the stock just got picked up by a bunch of daytraders who ran it up and let it crash, it was all very predictable and fits the typical pattern--it is usually good companies with promising futures that fall prey to this.
posted
Most people on this site do not "pump and dump" themselves, but to protect yourself you must recognize when you are playing the game--whether you are a willing participant or not, if you trade pennies with any regularity you will be playing the game.
quote:Originally posted by Original_Cashmaker: Most people on this site do not "pump and dump" themselves, but to protect yourself you must recognize when you are playing the game--whether you are a willing participant or not, if you trade pennies with any regularity you will be playing the game.
Right. At the price they are I think I'll stick it out and see what happens.
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posted
I am holding as well and will consider buying more if it drops further, but then again I sold all my shares for a killing at .009, and bought in at .0026 so I am sitting in a much easier position.
quote:Originally posted by Original_Cashmaker: I am holding as well and will consider buying more if it drops further, but then again I sold all my shares for a killing at .009, and bought in at .0026 so I am sitting in a much easier position.
Thats a great position to be in you definitely sitting pretty ..
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posted
This is too wierd. As far as I can tell over a third of todays volume has been sells in the last two hours or so at .0021. How many shares are there at this amount. Is it possible this is the bottom? I mean you would think that 6 or 7 million shares in a row would have driven down the PPS.
-------------------- If it wasn't for bad luck I'd have no luck at all.
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posted
Union Equity CEO Purchases 50 Million Shares of Company Stock; Lock-Up Agreement Posted on Company Web Site Business Wire - May 12, 2005 09:02
PALM BEACH, Fla., May 12, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) CEO Michael Anthony has purchased 50 million shares of the company's common stock in a private transaction from an unaffiliated third party.
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.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004. Las Vegas has been the fastest-growing city in the United States for nearly 20 years and is one of the top housing markets in the country. Home prices in Las Vegas increased by nearly 50 percent in the past year.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, which represents the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof and the adequacy of future operations to provide sufficient liquidity. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) fluctuations in price, demand and supply of real estate markets and (iii) risks associated with high capital long term investments. In addition, any forecasts made by the company, whether short-term or long-term, regarding future profitability are based on hypothetical business models and do not constitute a guarantee of profitability. Investors are highly advised to seek professional advice and conduct a complete due diligence regarding this, or any other company being considered for investment purposes. Investing in securities, particularly in issues priced at less than $1 per share, involves substantial risk and may result in a partial or complete loss of investment capital. Investors who initiate such an investment strategy should possess the financial net worth to withstand such a loss. Union Equity, Inc., its subsidiaries, officers and employees cannot guarantee the completeness or accuracy of the information contained in company press releases. Press releases issued by the company should not be interpreted as an offer to sell or a solicitation to buy company stock.
Further information on the company can be found on their website; http://www.UNQT.com.
posted
.0018..interesting news on Monday being dividends distribution date..the CEO says the float is 117m float..he bought yesterday 50m shares ..that makes the float 67m with a huge naked position..if he announces the real float monday making the naked shorts to cover, there should be a big spike
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posted
I still can't get over the feeling that there may be a major pr after the split. The CEO seems to be rather cagey, and if he really wanted to stick it to those who were naked shorting his Co he would split the stock then drop a PR that would raise it. Now, if you have shorted his co you own 6 times as many shares as you did before and their going up. I can't think of a better way to really put the screws to someone who was shorting my stock. Probably just wishful thinking on my part, but we'll see I guess.
-------------------- If it wasn't for bad luck I'd have no luck at all.
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posted
This stock seems to be way undervalued. Just to have the market cap. that it had just prior to the split, it would have to rise to well over .0010 (since a very small % of shares were actually split). UNQT looks like a great buy at these levels!
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posted
MAN HAD MY ORDER IN FOR 0003 FOR THE LONGEST WOULDNTY FILL.You gonna make some money here murnak ,might pay .0004 but doubt it.rather pay .0017 for wftv.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT?
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posted
without pumps, what is the target for this stock? Anyone have any straight forward advice? I have 1.5 mil shares of this. I was thinking about trying to get .0005 out of it. Any opinions. Thanks
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posted
I'll take yours at .0005 Tupac! This is going to go much higher than that I honestly don't think .0010 is out of the question. This stock has shown strength and has good news and acquisitions. Honest opinion.
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