RE:RE:Couple of thoughts Interesting - rising to a lot of excitement and emotion on the bullboard today. I am not the same person as Ernie. Like I said before, I was once heavily invested in UR. It started with such hope, but I after becoming intimately acquainted with them, I came to understand that no promises would ever be fulfilled. They are reckless with the truth.
After losing my money, I have only come back to watch the end. Am I upset that I lost money? Of course. That doesn't colour anything that I've written. Each of you know that everything I've said here is a fact pulled from the company's recently published financials. What I've said isn't an attack on the posters here on this bullboard. I invite a debate about any of the facts that I've laid out, and there are plenty. Please, rather than question my motives, or call me names, take my posts and go through them point by point and show me where what I've said is incorrect. I've posted here not out of malice towards my fellow investors, but as a public service to those who may be invested and haven't done a deep analysis. I thought that is what these bullboards were for.
It's fine that people want this company to do well, but please judge it rationally by the numbers it releases and the promises it keeps rather than trying to determine it's future by the jobs it posts, what is said on Twitter, or announcements about non-existent, no terms, non-binding, term sheets with no names. If you're a trader, I get it. You can keep earning money as others probably manipulate the stock price up and down every day to ensure there is some volume and to keep the price within a certain range. This is not hard to do with stock that hardly trades and is so cheap. You don't care about the company's fundamentals, and that's fine.
If however you are a long term investor, take a closer look at what I've said and then examine the debt load, the interest rates, the decreasing revenues, the inability to cover costs, the 100% overhang of warrants and the broken toy assets and management team, and then show me one company with similar figures that has been able to raise 200M for a project financing. If the share price ever went up to 50 cents that would double the number of shares outstanding. For this reason alone, they can never raise equity again.
With all this said, it is clear that I am only passing through, and it won't be for long.