If you have posted that I am Denton, why should now tell me to say hello to Denton? Why not just address me as Bert or Herb or Herbert?
Obviously every board has bashers. We now have Avi.Morax whose skills include capitalization rather than research. I wonder if there is expertise in all this that I am unaware of, a true method to the madness. Or is it simply another type of blogging where someone can type and knows there are readers some of whom will react? My favorite bash on the MEAS board maybe in the mid 2000's was "If you want to know how a company is really doing, ask the employees." It said nothing else, but the tone was negative. I made money as it went from $3 to $20 and was thrilled to cash out. This year it is to be taken over at $85. There were clever pros who watch the Russell, understand the 2000 and the volume and know the stock is artificially high and an easy short. As we were. Computers can do that. Get rich on the teenies when Thatcher sneezes. Like Bridgecrew, I have too much time on my hands.
The time you spent on here dissecting UAMY and being negative (re: John's age, one example) was disproportionate to what turned out to be your claimed stake worth $1,500 or whatever at the time. Maybe you have piles of money and too much time on your hands. Maybe something else about UAMY was bugging you. I was defending, as I defended always against B.S. bashers (Avi Morax now) when I am active on a board. You can see my activity on all boards. No question I was stupid not to sell when the stock hit $4+. Maybe my kids will see some benefit. As I noted, made money on MU and AAL. With AAL, I listened to Jim Cramer. Those with big positions(BIG positions...not me) and privy to Bert Denton's flackery started to realize over the last 18 months or so that most of what he was saying was hyperbole and we started to discount it. As said, maybe his #$%$ has worked for him during his career. He certainly sounds good. Maybe that has roped in new money and propped up the stock. Maybe the assets in Mexico prop up the stock. But assets in the ground need to become assets mined and sold. Maybe there are no assets in which case we are wrong and people like you should sell and rest quietly. There are other stocks out there. Yes, 100%, I am disappointed in what was supposed to be this great story..
I made fun of your anguish and involvement in a company in which you had almost no money riding. But then maybe you don't have money.
Also, I doubt more than 5 outside shareholders show up at these meetings. I was not there in 2013, so I can´t comment on that year. Not even sure anyone takes minutes. My Mexican trip was in 2012. We saw mines, mills, property. They could have been rented with actors from Central Casting pretending to be miners. One fellow did look a lot like Walter Huston. Point is, one take paranoia just so far, and I know exactly where there is an issue with this company´s officialdom. As I am no longer interested to the extent I once was is the fault of Denton. There are at least 3 people I know who know him well who think he is full of #$%$. That is for them to deal with John. But as I am learning, John is Captain and Master and that is that. He has a mine to run in his own cautious slow way. More aggressive folks have gone down the toilet. And, to the first point, maybe McInish is the only one I listen to these days.
Well, Avi...this stupid post of yours costs you ALL, 100% ALL, ALL+++, of whatever credibility you might have had. First McInish´s resume is on-line. He has researched and published in-depth on UAMY. I was with him in Mexico in 2012. We met in Spokane in 2011 and 2012. He is a shareholder. I have seen him and Denton together. One did not disappear intyoa phone booth and the other magically appeared. Now, is he a shareholder? Did he show me his certificates? And exactly who are you? Who here can vouch for you?
Also: Who knows what the Denton deal is? Maybe Gary Babbit or John told him to disappear from this venue. He claims I cost the B.O.D. valuable time at the last meeting because I said some things to him in a private email he took to this board. What he thought he understood, and what he ran with, IF HE DID INDEED RUN WITH ANYTHING (do I really know?) were nonsense and would have had zero impact on this or any company. He could be just effing with me by making threats. Bert has a very short temper if not being diagnosed ADD and there is nothing on some scores that will help us. The stock is stuck in the mud, maybe Bert raises capital. Maybe Bert can can anyone one time and that´s all we need. There is someone on here who a few montths back made a comment about my stock prchases that not a big deal, but only a company insider could know. I imagine UAMY could be sued for Bert´scomments as he is official.
Avi...if you are a strong sell and not a short or otherwise trading to somehow gain a penny hear and a penny there with your comments, why not simply sell and just find a stock and make informed opinions to make money.This applies to all people bashing any stock. I don´t get the game. Anyway, you lost the big bucks with the Russell 2000 fiasco. More tom TM below.
A2Day: I have to assume he is short. Avi, if you are not short and hate this company, why be involved or why care? Sell and go. There are other stocks out there.
Avi, the company is a good company. Alas, not Google. There are better stocks to own and of course had I put my money there not here, I might be richer or poorer. I had some turkeys. But I listened to someone who had done very well for me so I can't exactly complain.
Easier as a new topic vs. the Yahoo reply "tree." The big problem some of us have is the overblown rhetoric about the best this and biggest that all from a man in charge of the rhetoric: Bert. There have been offering timing issues. I own cheap stock and sold expensive stock to use losses. John does not want to get into debt or into bed with a powerhouse that can force the company to do things it can't afford. All this was discussed in calls, at the shareholder meeting, etc. I don't know who has been selling or why. Lots of cheap stock was bought and maybe grandkids need college tuition. Sometimes you just pick the easiest stock to sell or the biggest disappointment or the one where the seller has too many shares. Likely I will stick with what I have left and hope Tom is right. Rome wasn't built in a day, and I trust that applies here.
From Gary: I am not the lawyer or counsel for USAC. And, in the past I never represented USAC in any matter. In 2012 I retired from my law firm and do not practice law now for anyone. Paul Boyd of Stoel Rives is the counsel for USAC and has been counsel for USAC.
But Gary is a director. We now know the company one way or the other monitors this board.
I'm not sure bitter is the right word. I'm not even sure there is an answer. I certainly have trimmed my position having sold 55K at 1.87 avg, only to be criticized by Denton for it. I still have a positions, but it no longer is a key holding. Bert and all the good old boys keep buying more, or so it seems. Then there are his past posts about what a wonderful stock this is with a great future. You can read all these for yourself plus all his accusations about me. Gary Babbitt who is the company lawyer and a director has gotten forwards from me and I hear nothing back. Now, if Bert were just another jerk on a Yahoo board, he could say what he wants. But he works for and represents the company and I believe has a different set of responsibilities. But you can also look at the KIPS and MPET board to see those accusations what he has been saying there. Bert once told me he stays off Yahoo, then he said be careful what you say on Yahoo as the SEC is watching. When I was in Mexico 2 years ago, I got 2 attaboys from shareholders for my activity on Yahoo. That was then and Lexus kept warning that the numbers are not going where the rhetoric says it should and he is an analyst. He also complained about the offerings and timings of those offerings. I mentioned this and Bert threw me out of the office. Likely he is clinically manic depressive or the pressure gets to him. Bitter? Should I sell? Is this a 12 cent stock? Tom McInish, what say you?
Looks like this was a pretty good sale...February 27. Likely it was the catalyst to get us down below 1.60. Bert has been very quiet.