Note; this is only a wild guess here. Way back almost a year ago there was a brief mentioned in a conference call that ULTR was looking into building Ocean feeder boats to capture and expand a well needed business in South America. This seemed like a natural move due to the expertise they have developed in building barges.
I have e-mailed ULTR several times in the past to ask for more information on this, with never a response. Could it be possible that this whole situation in selling the ocean business is centered around ULTR (SC) putting up the money to build a facility and manufacture these new Ocean feeder boats and sell them to the new buyers of the Ocean Business company. Makes a lot of sense why this whole transaction is being done and why SC was able to buy the Menendez-Ross stock for only $4.00, which is because the buy out of the Ocean Business is a guarantied part of the transaction, with the new company having a manufacturing partner to supply the build out.
Well hope no one bought this stock this morning, tried to warn you about Tobin Smith's record, he has done it over and over, pump & dump person. Don't hold the drop today on this company, it was all caused by Tobin.
ok; I will bite, what's next. Seems to me a lot of the prior risks has been taken out of this stock now, debt, available funds for growth, and management. Lets remember this company was believed to be near the end only a few years ago as the $0.60 stock price was showing. With SC paying $4.00 for 25m shares, looking to be awful cheap here.
Message board is confusing here, I don't know anything about this company other than found it in the " TOP 10 WEEKLY INSIDER SALES" list for the week. So can anyone, who is posting positive here, tell me why this might be?
Message board is confusing here, I don't know anything about this company other than found it in the " TOP 10 WEEKLY INSIDER SALES" list for the week. So can anyone, who is posting positive here, tell me why this might be.
Don't get excited, it is still there, they are still in business. That does get you to wonder when something like that happens, it happens to us all.
Unfortunately she was so relentless with optimism, some people may have been suckered in that it was a no brainer as she stated, and when it, they, lost 20%, I bet the love affair, you are stating was over for them. Just a little warning, from her, like the new contracts and ships were going to take a while to add to the bottom line would of been prudent and well appreciated by everyone. Wording from her "like last chance to get under $4" a year ago is what bothered me, it was evident, by anyone that actually did know this company, that was never going to happen until well in the future, which I believe will start adding to the bottom line only now. Just believing in fairy tales and loving the optimism is not going to get it done for most without results, I agree I did appreciate the information she gave, just not the reality.
Guess we need to bring Laura out of retirement, her cheerleading was interesting, just one year too early, it may be getting closer now to reality. my guess is a lot of what she was saying may start to show up in the next quarterly report..
Rynd, who I believe is CEO, purchased 36,000 shares at $4.01 today, Just thought I would take a quick look at this company yesterday due that it fell to a new low, and decided to sell puts for income or be forced to buy at a lower cost basis. Good luck to all.
We all know that, if we have half a brain, but don't confuse your self on this stock, it just may overcome your concern
Actually the Ocean business did very well. They will be building the four Push Boats at the barge facility, and I was hoping they would say something about building Ocean feeder boats which they mentioned 3 qtrs. prior but nothing today, the feeder business would be a big plus,
Why Yahoo would list an old post to the top is suspect, no use to drag an old story. The 1st. quarter is always the weakest, and this should of been expected by most. Good things are in the works, and as I said prior the noise about the new boats have not even started as some were raving prematurely.
Just another low life fraud that is doing exactly opposite of what he is saying. They love to lie to see if they can shake the new bees up while they are buying. No different than the #$%$ on the street who don't care who they hurt.
Laura; you just don’t get it. It’s sad that you tell people to “shut up” because they are bringing up possible problems, that could cause a company problems, for the benefit of other investors to understand the risks a little better. I probably have a greater expectation than even you on ULTR, but guess I got tired of you stating it was a No Brainer, (there is no such thing) and misleading new investors, who do at time buy based on what they read here.
Unfortunately your comment now is irresponsible advising those same people, who may have bought based on what you said, “last chance to get in under $4, it’s a No Brainer”, to buy now, they are long gone if they listened to your comments and have lost 20% and you are now calling them “Babies”, we were all babies to start.
Of course I agree with you, it is a good time to buy, but do understand the risks which you fail to address and be honest about them to new investors, other than to say SHUT UP. I believe even a few years ago you were pushing this company when they almost went under, had it not been for a 200 million dollar buy in. Anyhow good luck on your retirement.
Actually I have to give you credit, it has went lower than I believed it would go, but lets not tell stories. The short interest has actually decreased not increased as you stated. Also not sure what you mean by the Brazil factor, other than Petro Bras the oil company controlled by Brazil, which I referenced a few weeks ago as being a question mark because of their stock price was showing, that question has been answered as the stock has made a huge 50% move in the last month. You seem like a story teller to get people to believe your worries and then you will load up shortly. I probably never should of countered Laura with the negative possibilities due to her constant "no brainer" comments, I think she honestly believed that, with no goal like you have. My statement was just that there is no such thing as a sure thing, I will say here it is becoming a great buy to counter your deceit. Conference call tomorrow.