in both cases the stock was trading considerably higher at the time of sale. In the former case it had just been included on the Russell index and was approaching $5 when they lowered the boom at 3---a true public relations faux pas [hope I spelled that correctly].
The major problem has always been that they are severely under-capitalized, to which their response has always been to sell stock at distressed prices, thereby continuing to dilute shareholders' equity. Their reluctance to even consider borrowing at relatively low interest rates will come back to haunt them when rates begin to rise.
Terrible news. Just learned that Bob Detwiler passed away last weekend. Bob was a great guy and a good friend. He was also a large and loyal investor in UAMY.. Those who wish to pay their respects can reach his famil at  659-7057.