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I'm a newbie so please forgive me, but what exactly does that mean? All I know is it must be good news cause it closed up 40% today.
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If insiders buy the stock it gives out a signal that good things are about to happen. A google search on insider buying will give you enough info on this topic.
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uncle_ buck it's true that there is a R/S pending on this one but it will be in play today - get in get out make some bank. R/S typically aren't announced until around 1:30 so I will be playing this in the AM. IVOC also has a R/S pending and it ran recently. JMO
SAN DIEGO, CA, Mar 08, 2006 (MARKET WIRE via COMTEX) --
Unico, Incorporated (OTC BB: UNCN) today announced that chairman Ray C. Brown has purchased 20,000,000 shares of Unico common stock. The purchase was made at a price of $0.00168 per share on March 3, 2006 and brings the number of common shares that he now owns to 38,000,000.
"I am pleased to have increased my common stock position in Unico and re-affirm my very strong commitment to the company," commented Mr. Brown. "The next several months are expected to bring progress as Unico moves forward to develop its revenue streams and maximize the potential of its mining operations."
A Form 4 Statement of Change in Beneficial Ownership of Securities regarding the purchase was filed with the Securities and Exchange Commission on March 07, 2006.
To sign up to receive by email all written information, including future newsletters, distributed by the Company, please visit http://www.uncn.com/IR/mailinglist.asp
About the Company
Unico Inc. (www.uncn.com) is a publicly traded company incorporated in Arizona that is focused on the production of ores and precious metals such as gold, silver, lead, and zinc at its three mine properties: the Deer Trail Mine the Bromide Basin Mine and the Silver Bell Mine.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the company and its operations are included on certain forms the company files with the Securities and Exchange Commission.
quote:Originally posted by uncle_buck: i that i heard rumours of reverse split on this one! I also thought i heard they do it everytime the stock has nice volume and goes up!
just what i heard i haven't done any DD yet JMHO
There is no R/S. They have done one R/S but that was more than 2 years ago. that R/s made the stock come to these levels its cheap its has a been swinging like a hula dancer.
The chart looks good. and there was an insider buy yesterday what else can you ask for . lol
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UNCN panic selling today. Bought some more. There were rumors about R/S - not true There were rumors about dilution not true again O/S 500 Million The vote to dilute was not passed.
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IWISHIHAD there is no R/S scheduled for the 9th that I know of you must have read it wrong ???
Casp, I am holding some shares of this so I want to see this move also but where did you get your info from??? True S8 was filed for 10M and true chairman Ray C. Brown bought 20M shares but by all means read the link below....
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You are right,i did not look carefully at the date, 1 year ago tommorrow, did not realize they stayed on the board that long. Maybe that's where the rumor came from. I was considering this stock then saw that...... Thanks
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I called them today and asked them if R/S was comming he replied saying no such decession was made. He said yes they have authorization to do a reverse split but that does not mean there will be one. He said they have 6 months to decide if they need an R/S. he also said they will file their intention to do a reverse split.
So thats where I got my info. I dont think I hold anything that long .
I think a lot of people are going to realise this soon. I think it runs from here.
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I think this stock is solid as well. KSWJ,RSHN, and UNCN. I'm never wrong. Did you guys see the move this morning in KSWJ? The 52 week high on this is .50.
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invester.. good little list you got there.. whaddya think about DDSI? it seems like it would be in your price range.. hop on over to that thread if you want some more info on it..
-------------------- Hindsight is 20:1. It's like printing money.
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I can't find the float on your DDSI. Do you know what it is? That is one of the most important things to me. That and the product. Also, do you have a phone number? I like to call management before I make any move.
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