Post by
Dragonsmyth7 on Oct 08, 2020 6:38pm
Reminder of things you need to remember, Pip
Dear Pip
How are you doing? Hope is work is not crazy. Taxes this year was very strange.
Okay, I understand how frustrating holding Ucore can be. but let me remind you of a few things.
1. it is not Ucore fault that the one guy that has the tech that can separate rare earth quicker and cleaner than SX is a crazy control freak that would rather have total control of the tech than make a boat load of money. You know as well as I do that Steve is reason that Ucore when nowhere these last five years.
2. If you read the utah court docs, you will see Steve is still trying to force a 60/40 deal, even though he is losing in court. Still trying for that 60/40 deal in settlement talks.
3. DOD is different this year than last. Last year they had 50 million to spend on rare earth separation. This year they have 300 million for that but they have to follow a pattern. Phase 1, Secure a source of rare earths using know tech. Phase 2, Find new tech to disrupt China hold on the rare earth supply chain and break the monopoly.
4. With this latest presidential executive order you have DOE, DOD, EPA and now the Commerce deptment. That Ucore might get money from in the form of grants or outtakes agreements.
5. I agree with you that only a large grant, outtake agreement or a court settlement with IBC weill move the stock price up and hold it at a new level.
6. Steve has taken this law suit to the level of, when he loses the court will award Ucore with the whole company and Steve and friends will get nothing. The damages are already three time what the company is worth.
7. So go do your trading but keep a block of stock just in case. I will be buying more as I get dividends. Picked up a 100K last month and 20K last week for eight and half cents. Still in the sub basement under the bargain basement.
yours,
Dragon
Comment by
ausheds on Oct 09, 2020 3:20am
Good one Pip, career change. You'll be able to start up an Investment Letter for Nursing Homes given all the practice & great advice you are getting here, just make sure you make it cash on delivery.
Comment by
PipinoCuevas on Oct 09, 2020 12:48pm
Ausheds Good idea, maybe I will give one of those free steak dinners at the nursing home during my presentation I probably wont recommend UCORE at the nursing home, I would have to guess holding ucore doesnt fit in An 80 yr old investment timeline Heck. I dont know if it would fit in my daughters timeline.