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thats nothing commodite this is day one of great exposure. wait till it gets over .002 youlls tart seeing 10 and 20 million share buys. low float will cause price to rise
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The MMs pulled down the pps to get cheap shares. After the collection phase is done, they will push the pps up for a profit. The MMs are always the winners in this game. Watch it.
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SAN DIEGO, CA--(MARKET WIRE)--Apr. 24, 2006--Unico Incorporated (OTC BB: UNCN), which focuses on the production of ores and precious metals in the U.S., today announced that the company has reached agreement with Crown Mines, LLC to extend the lease of Deer Trail Mine for its wholly-owned subsidiary, Deer Trail Mining Company, LLC.
Under terms of the modified lease and option to purchase agreement, the payment due date for the remaining $3,000,000 to purchase the lease of the Deer Trail Mine has been extended to November 1, 2006 from its original August 31, 2005 due date. In early September 2004, Unico made a payment of $1,000,000 to Crown Mines that was applied toward the $4,000,000 purchase price of the Deer Trail Lease.
In addition to reaching the agreement with Crown Mines to extend the payment due date, Unico has made a payment of $237,787, which includes all past due royalties, taxes, assessments, and all other amounts due, as well as advance lease payments to July 1, 2006. The capital used to make the payment was secured from a private investment group.
"The extension of this lease and option to purchase is highly significant, as it allows Unico additional time to meet the financial commitments necessary to secure the Deer Trail Mine as a long-term asset of the company. We are extremely pleased with the continued support received by Crown Mines and their willingness to work with us in achieving our goal to develop the property into a major mining operation," stated Mark A. Lopez, chief executive officer of Unico, Inc. "The Deer Trail Mine is a central focus of our strategy to grow revenues from Unico's wholly-owned subsidiary mining companies, beginning with the ongoing reconstruction of the mill and processing facility at the Deer Trail Mine that will allow for processing of current stockpiles of precious metal bearing ore. We look forward to expanding our efforts to include a large scale mining program at the Deer Trail Mine, as well as future mining initiatives at the Bromide Basin and Silver Bell mines," added Mr. Lopez.
About Unico Inc. 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.
Contacts: Gemini Financial Communications for Unico, Inc. A. Beyer 951-587-8072 investors*uncn.com www.uncn.com
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does anybody see a pattern between JPHC and UNCN, they seem to both be heading upwards at the same pace, imho I think tomorrow shuld feature a big rise of both those stocks, not to mention CBAY and NDOL..
-------------------- Sticking It To The Big Man...
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quote:Originally posted by Time2drum: I was going to get in UNCN a week or so ago, but got tipped that a R/S was in the works. Anyone else know anything?
quote:Originally posted by Time2drum: I was going to get in UNCN a week or so ago, but got tipped that a R/S was in the works. Anyone else know anything?
no r/s imo
could be anytime between now and August
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There is no talk about a reverse split, no way, no how.
IE:
STOCK SUBJECT TO PLAN; OVERALL NUMBER OF SHARES SUBJECT TO AWARDS . Subject to adjustment as provided herein, the total number of shares of Company common stock that may be subject to the granting of stock awards under the Plan at any point in time during the term of the Plan shall be equal to 200,000,000 shares. Any shares of common stock delivered under the Plan may consist, in whole or in part, of authorized and unissued shares or treasury shares. The number of shares authorized under this Plan shall be subject to adjustment in the event that any dividend or other distribution (whether in the form of cash, stock or other property), recapitalization, forward or reverse stock split, reorganization, merger, consolidation, spin-off, combination, repurchase, share exchange, liquidation, dissolution or other similar corporate transaction or event that affects the Company’s common stock such that an adjustment is determined by the Board of Directors of the Company to be appropriate in order to prevent dilution or enlargement of the rights of participants under the Plan. In its discretion, the Board shall, in such manner as it may deem equitable, adjust any or all of: (a) the number of shares of stock which may be delivered in connection with stock awards granted thereafter; (b) the exercise price, grant price or purchase price relating to any stock award and/or make provision for payment of cash or other property in respect of any outstanding stock award.
They have enough outstanding shares to pay out to their employees and such.
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most of the form 4's appear to be showing the shares priced * $0 and a couple actually look like someone spent real money, its how i saw it on pink sheets
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