posted
PALM BEACH, Fla., Jun 22, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) has approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Shareholders will receive one share of Preferred Properties Real Estate Inc. for every ten shares of Union Equity common stock owned. Odd lots will be rounded up.
The record date to receive the dividend will be July 1, 2005. The additional shares of Preferred Properties Real Estate Inc. will be mailed to shareholders on July 8, 2008 which shall also be the payment date.
good news dividend coming out!!!!!
The shares shall be mailed without any action on behalf of the shareholders.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com.
-------------------- pink floyds "money" is the way to live.......
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posted
Volume was impressive yesterday. True, the date isn't tomorrow, but it's not that far off. Most people will want some of this in the long run.
Bottom line: holding shouldn't produce a loss. However, this thing 'could' just start back up nicely. It was .08 before its forward split announcement of 6:1 - right? I think that's how I remember it. That would make the past price actually .013 appx..
CEO bought a lot of shares, and locked up all of his shares - so he's committed.
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posted
Yes, spinoff of the newly created subsidiary. It probably won't do the stock any good (drop again after the pay date) but if they report a profit, it should go back up. (if if if ).
The 6:1 split was a 7:1 split of only PART of the outstanding shares. Only 117K (approx) shares were split; the remaining shares were/are restricted shares. That means (oddly) that the stock should be worth around $0.0034 based on the pre-split valuation adjusted for the dillution. However, since this company doesn't show any profits yet, pps is a moot point--we are talking investor speculation here.
If you do a search on the allstock forums, you should be able to piece it together.
-------------------- May your trading build your character as well as your portfolio.
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posted
Union Equity Corrects Typographical Error in 6/22/05 Press Release via COMTEX
June 23, 2005
PALM BEACH, Fla., Jun 23, 2005 (BUSINESS WIRE) --
A Union Equity Inc. (Pink Sheets:UNQT) press release dated June 22, 2005 stated that the shares for their most recent dividend would be mailed to shareholders on July 8, 2008. The payment date is actually July 8, 2005.
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
News IMO will not move this stock. To many shares held b ythe public at this price and Marketmakers arent willing to raise the bid to .0004 if everyone is going to sell.. They need to see more buying pressure on the ask side for them to raise the BID. Not to mention chances are everyone has a sell order at .0004 so do you really believe the MM's will give you there money for your shares if the demand is to sell and not buy?
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posted
Union Equity Revising Capital Structure; Awards Dividend to Shareholders in Preferred Properties Real Estate Inc. Business Wire - June 24, 2005 08:32
PALM BEACH, Fla., Jun 24, 2005 (BUSINESS WIRE) -- Union Equity, Inc. (Pink Sheets:UNQT) is in the process of revising its capital structure, addressing both the authorized and outstanding shares.
In addition, on June 22, 2005 the company approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Shareholders will receive one share of Preferred Properties Real Estate Inc. for every ten shares of Union Equity common stock owned. Odd lots will be rounded up.
The record date to receive the dividend is July 1, 2005. The additional shares of Preferred Properties Real Estate Inc. will be mailed to shareholders on July 8, 2005, which is also the payment date.
The shares shall be mailed without any action on behalf of the shareholders.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com.
About Union Equity
Union Equity is a national real estate development and holding company. The company operates independently and through its wholly-owned subsidiaries Eden Development Group and Home Sales Express and plans to grow aggressively over the next two to three years through acquisitions, mergers, internal growth and the development of a dynamic internet presence.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004 and is the nation's ninth most expensive housing market. 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
Union Equity to Meet with Specialty Law Firm to Structure Framework for Home Sales Express Franchise Program; Revising Capital Structure of Company Stock
PALM BEACH, Fla., Jun 27, 2005 (BUSINESS WIRE) -- Union Equity, Inc.'s (Pink Sheets:UNQT) management will meet with a specialty law firm in the coming weeks to address all legal aspects of creating a national franchise program for their wholly owned subsidiary Home Sales Express, Inc. Home Sales Express, Inc. is a comprehensive resource for homeowners who want to participate as buyers or sellers in the For-Sale-By-Owner (FSBO) market. In addition, through its website KingOffer.com, Home Sales Express is designed to attract owners of distressed properties that are not yet listed on the open market for outright purchase consideration by the company.
"Once the legal aspects of the franchise program are covered we're ready and able to provide a turnkey opportunity for individuals nationwide who want to work our business model in a specific territory," said Union Equity CEO Michael Anthony. "Americans are entrepreneurial by nature and we intend to offer them the chance to be their own boss in the real estate business. Through KingOffer.com we will provide brand name recognition, a ready-made website and comprehensive marketing support."
In addition, Union Equity, Inc. is currently revising its capital structure, addressing both the authorized and outstanding shares of the company's common stock.
On June 22, 2005 the company approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Shareholders will receive one share of Preferred Properties Real Estate, Inc. for every ten shares of Union Equity common stock owned. Odd lots will be rounded up.
The record date to receive the dividend is July 1, 2005. The additional shares of Preferred Properties Real Estate Inc. will be mailed to shareholders on July 8, 2005, which is also the payment date.
The shares shall be mailed without any action on behalf of the shareholders.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com.
About Union Equity
Union Equity is a national real estate development and holding company. The company operates independently and through its wholly-owned subsidiaries Eden Development Group and Home Sales Express and plans to grow aggressively over the next two to three years through acquisitions, mergers, internal growth and the development of a dynamic internet presence.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004 and is the nation's ninth most expensive housing market. 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
Got HDSN on the bid. That is a gOOD thing as aLL the shares pre split were coming threw HDSN. I would like to sEE SCHB join him on the bid. As SCHB sEEms to be the man now
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posted
maybe with another divy coming out on the 8 of july this might get a run up that we all needed.... lots of shares out there but anything is better than nothing.....
-------------------- pink floyds "money" is the way to live.......
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posted
Union Equity Reduces and Retires a Total of 14 Billion Authorized and Outstanding Shares of Common Stock via COMTEX
June 28, 2005
PALM BEACH, Fla., Jun 28, 2005 (BUSINESS WIRE) --
Union Equity, Inc. (Pink Sheets:UNQT) has reduced the company's authorized common stock by 50%, from 20 billion shares to 10 billion shares. Simultaneously, the company has retired four billion shares of outstanding common stock held by management. The four billion shares of outstanding common stock have been returned to the company's transfer agent and cancelled.
On June 22, 2005 the company approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Shareholders will receive one share of Preferred Properties Real Estate, Inc. for every ten shares of Union Equity common stock owned. Odd lots will be rounded up.
The record date to receive the dividend is July 1, 2005. The additional shares of Preferred Properties Real Estate Inc. will be mailed to shareholders on July 8, 2005, which is also the payment date.
The shares shall be mailed without any action on behalf of the shareholders.
-------------------- It is always darkest before it goes completely BLACK!!!
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posted
Union Equity to Analyze NOBO/OBO List to Identify True Shareholders and Dividend Recipients of Preferred Properties Real Estate, Inc. Business Wire - June 28, 2005 08:28
PALM BEACH, Fla., Jun 28, 2005 (BUSINESS WIRE) -- Union Equity, Inc. (Pink Sheets:UNQT) has requested a NOBO/OBO list from their corporate services vendor to determine the company's actual shareholders in order to accurately award the upcoming dividend in Preferred Properties Real Estate, Inc.
The term NOBO refers to Non-Objecting Beneficial Owners; meaning beneficial owners (shareholders) who do not object to disclosure of their name, address and security holding. The term OBO refers to Objecting Beneficial Owners; meaning beneficial owners who refuse to reveal their identities. As a unit, the NOBO/OBO list comprises the total of true stock ownership, including the "street name" investor group.
"We're about to take a careful inventory of what's going on out there in the marketplace," said Union Equity CEO Michael Anthony. "Synthetic positions will become obvious. We're striving for complete transparency in regards to how our stock is traded."
Union Equity, Inc. will request another NOBO/OBO list on July 1st and then again on July 8, 2005. The company will then conduct a final analysis.
On June 22, 2005 the company approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Shareholders will receive one share of Preferred Properties Real Estate, Inc. for every ten shares of Union Equity common stock owned. Odd lots will be rounded up.
The record date to receive the dividend is July 1, 2005. The additional shares of Preferred Properties Real Estate Inc. will be mailed to shareholders on July 8, 2005, which is also the payment date.
The shares shall be mailed without any action on behalf of the shareholders.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com.
About Union Equity
Union Equity is a national real estate development and holding company. The company operates independently and through its wholly-owned subsidiaries Eden Development Group and Home Sales Express and plans to grow aggressively over the next two to three years through acquisitions, mergers, internal growth and the development of a dynamic internet presence.
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posted
Union Equity Reduces and Retires a Total of 14 Billion Authorized and Outstanding Shares of Common Stock Jun 28, 2005 8:44:00 AM Copyright Business Wire 2005 PALM BEACH, Fla.--(BUSINESS WIRE)--June 28, 2005--
Union Equity, Inc. (Pink Sheets:UNQT) has reduced the company's authorized common stock by 50%, from 20 billion shares to 10 billion shares. Simultaneously, the company has retired four billion shares of outstanding common stock held by management. The four billion shares of outstanding common stock have been returned to the company's transfer agent and cancelled.
On June 22, 2005 the company approved a shareholder dividend in the form of common stock of Preferred Properties Real Estate, Inc., a wholly owned subsidiary and private company.
Shareholders will receive one share of Preferred Properties Real Estate, Inc. for every ten shares of Union Equity common stock owned. Odd lots will be rounded up.
The record date to receive the dividend is July 1, 2005. The additional shares of Preferred Properties Real Estate Inc. will be mailed to shareholders on July 8, 2005, which is also the payment date.
The shares shall be mailed without any action on behalf of the shareholders.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com.
About Union Equity
Union Equity is a national real estate development and holding company. The company operates independently and through its wholly-owned subsidiaries Eden Development Group and Home Sales Express and plans to grow aggressively over the next two to three years through acquisitions, mergers, internal growth and the development of a dynamic internet presence.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004 and is the nation's ninth most expensive housing market. 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
Sounds good to me..........and Im no stock guru but if they retired shares that is will crush for good the speculation on the reverse split less shares to me means the price goes up up and away.........supply and demand ............but then again maybe I am wrong..............any opinions or more experienced holders?
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posted
Tue 8:44am UNQT.PK Union Equity Reduces and Retires a Total of 14 Billion Authorized and Outstanding Shares of Common Stock - Business Wire
I'm sure the CEO of UNQT is laughin about this news. How many hundred million does he already own - locked up for a year??? He's gonna do well.
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posted
I found this posted on RB by user fofoa0: ----------------------------- My buddy just called the T/A and got the official share structure. The T/A is InterWest, and they spoke with a person named Brandy. Here it is fella's.. This thing should be rockin', don't know why it isn't running yet.
AS: 10 billion OS: 2,619,965,300 Float: Unknown
We know for a fact that Anthony owns just a bit over 2 billion of the OS, according to previous PR's that have stated that he owned 6 billion shares. 4 Billion of those were retired today..
The float is extremely low. We all hold naked shorted shares it does appear. Will that effect our ability to get the dividend? Hmmmm..
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