@VanBarfield@pennystocks2_0 Basically, they can pay common shareholders only 0.0037 per share. So, yeah not a good deal for those that have been holding.
@VanBarfield@pennystocks2_0 From their 8k
Upon full exercise, exchange or conversion of all rights to acquire Company Common Stock or instruments convertible into Company Common Stock, rounded to the nearest ten-thousandth (the “Per Share Merger Consideration”), which we expect will be $0.0037
@randy_rennon I am not saying that there are a thousand stocks that are better. I actually had shares of UNQL and sold them on the way up, so I am not here to hate on the company. However, their profit margin is close to none existant. I respect all points of view (positive and negative).
@VentingDumb Does anybody know the exact date they got slapped with the grace period badge?
I think that it was at the begining of last week, so they might have just until the end of this week to get things done...
@randy_rennon@pennystocks2_0 They are late more often than being on time. So, this is not anytihng new. However, I don't remember if they have previously been hit with the final 15 day notice before and the posibility of being moved to the Expert Market
@AlienRealtor @pennystocks2_0 Not sure what statement are you waiting on from a company that is known for not issuing any PR. $UNQL did not even issue a pr half an year ago when their merger failed. To this date nobody knows why the merger did not go through.
$UNQL back to sub penny, just the way I expected.
Let's see if their next quarterly filing would be a driving force, or if this would go back to normal which is close to no volume.
@BeardTrader1178 This company is not known for sending PR's and I have seen way too many days with close to no volume at all. I will keep an eye on it, but I am for sure not buying at these levels.
YEAH!!! I am officially out of $UNQL with my last 100k shares reaching my stop "loss" of 0.011. Percentage wise, this has been my biggest win ever. I am not sure if this has the power for another run with the MM's going strong at it...
@BrianAust PS, what bothers me with this company is that volume is usually so frickin low. Unless you trim and sell while the price is climbing (like it is now), you would be guaranteed to bag hold this for a long time.
I had 1.5m shares and often times the weekly volume was less than that