Guys, sorry I have not answered, but not sure there is much to say. Denton was full of #$%$. Even those close to him threw up their hands at each next bloated claim. Finally the company sued him. Not exactly sure why. Likely I was told, I don't remember any more. Does it matter? The stock price today is all that matters. My stupidity and hopefulness held me back from selling at $4.00. There are folks who TRADE on stocks that are inflated to get into the Russell 2000, sell short, cash in when the stock retreats to what it is worth. All it requires is the right computer program. UAMY was one of those stocks. Denton, in a post or private email blamed ME for the share collapse. True. Based on incorrect reading of something I posted. Anyway, I am holding. What else can I do? Bert papered his bathroom with shares of KIPS.
Because Bert is a fool. Not sure why he is getting sued. He talked an awful lot about things that never happened. In this stock. In others. KIPS for one. However, his accusations to me about things I had done...he all but screamed at me in his office before storming out because I voice concerns that Lexus had about the timing of some secondary. All old issues as he is out of the picture. Lots was said on this board. Bert should retire to his in-laws in Biarritz. Yes, I drank the Kool Aid.
Those of us taking tax losses are in luck. The rest of us have little choice but sit and wait and pray. There was a stock I owned, private at the time, and one of the original investors kept calling the CEO, as he was getting older. He did not live to see the company's acquisition. It was a 30 year process. I am just clueless. I don't don't even if Denton is sued or being sued or who the directors are. Bert Denton is a fool, but I am the bigger fool. We all could have sold at $3, $4.