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, $4.
I am not #$%$ off at you, just noting you go to every game without really caring who wins. Alas you have been right here, I have no idea how you are batting elsewhere. But anyone can click on your name and learn what I have learned. I have been involved in 3 stocks on Yahoo with frequent postings. This Wetseal and Measurement Specialties. Measurement was big money, Wetseal maybe broke even. Losing here. If you were watching the Denton stocks, that's one thing. But you are not. Denton is out of the UAMY picture. Too many of us drank his cool aid, and while I am not a shrink, there has to be something manic depressive going on with him. I consider him frantic. I have done some DD, I have been to Spokane and Mexico, I have listened to John and Barney and Burt, and short of getting on my hands and knees and counting rocks that's all I can do. I thought Burt was sincere and I got hurt. Burt will tell you if you bought this or that and then sold it at the right time you did OK. UAMY is a company with serious people working there. Now they have to figure out how to make money. Yes, and avoid hiring #$%$ holes.
Not sure how he does it or why. Maybe someone has an answer, In one year he has posted 18,000 times on Yahoo. Which is about 50 posts a day. All sorts of stocks, all negative at a quick look-see. Denton and this stock have enough tsouris all on their own. What is the point?
It is quite possible Bert's methods did help to acquire investors to UAMY. He got me into MPET and KIPS for a while, and I got out well in time. Never mind the Irving Oil deal that was a still birth. Yeah, I need check my actual total gains/losses in the 2, but UAMY certainly has put me underwater for now. Many of us, including those who know him personally, have had runs-in with him. One directed at me during the UAMY annual meeting. Denton's fuse runneth very short. Thus there are 25 or so witnesses. All the company's directors, but one or two. Others just stopped believing his B.S. The best, the most, the highest, the deepest, etc. And the trouble with UAMY is there is always some next thing we are waiting for. The new this, the new that. Gas, approvals, permits, yada yada. Or the next quarter. Why was Bert held onto for so long? Why do we stick with a marriage that isn't working? My best guess is Bert did serve a function John needed. It was easier keeping him with his obvious flaws than finding someone new with less flaws. It would be nice to catalogue everything Bert uttered and see what is actually true. There is so much rubbish with me and him, I have to think the company activities as he promoted have to also be rubbish filled. In the end there will be product. Or there won't be. If it is gold, silver, antimony, zeolite, great. If it was hot air, I will be disappointed.
And we can ask why any legitimate investor would spend his time....SPEND HIS TIME...being involved in any way with a company he so despises. Unless there is a schmuck-Bot that you have created and are testing it out.
Lexus, as I said in my private reply to you. Yes, boys and girls, Bert is gone. Now he con concentrate on Kips. I was going to correct the spelling of con. But if ever,a typo was apt....May I can go to Spokane again if OPK .holds.
I posted 2 hours ago, no idea where it went. Lexus, true about Denton? Just saw your post. What I had said was Detweiler had huge position and am guessing family is dumping some or all of it. Not sure such a dump can be withstood. May explain the big drop. Comments welcomed.
It seems everyone discounts your opinion. If there were a universe of companies out there why are you not there instead of wasting your time here? Are you doing us a favor by being here. Your philanthropy? These are very direct questions that you could answer with coherent explanations.
As you are sober, smart, informed, an academic, and invested, I have a question to ask. It may even be a worthy paper. Recap: Offhand I started with UAMY in 2011. Attended the meeting, went to Mexico, bought into Denton's Kool Aid. There came a point when Denton was all hyperbole and many of us who know him stopped believing. We have the best this, the most wonderful that. When the gas gets hocked up, all will be well. Then we got leases that would make us a powerhouse. Etcetera. I have stopped tracking all the wonderfulness. I think/hope Bert has done a decent job of bringing in new investors. This is a guess. That he has turned off the oldsters in the process is a different story. At 60 cents I banked on MU and OPK. And made big money on AAL. UAMY is an after thought. And a huge disappointment. At 60 cents we were right back at the beginning. Bottom line, and would love your help. What's going on? What do we own, what do we lease, where are the smelters, what looks good, what is with China. In other words what do you know? Is this all a small con job? We all think John Lawrence is a genius CEO when bigger men are on the bread lines. But has he also bought into Denton's #$%$. What are the assets, what are the liabilities, what are the prospects? There used to be posts that John should sell out. Grupo Whatevero. Don't see those either. If you can construct an evaluation, I will certainly buy a copy. Best, Peter Schleger