UEX Corp T.UEX

RE:RE:Why are we trading at 20 cents a share?

[bottomtrawler01]

  Oh thats interesting about the $50k fine, I didn't know that. But like you say, it's peanuts. URA is under much deeper water with uex than that. Like all the juniors they have rebalanced so far, they lost a lot of money.
  Keep in mind that it's an index fund, no one is getting fired because the index has done poorly. None of the etf managers are picking bad stocks like a fund manager might. They haven't lost a moment of sleep because the fund has tanked since conception (except maybe the guy that thought a U etf was a good idea just before the market tanked,lol). Not sure why they would be motivated to try to recover UEX losses but not the others they have already rebalanced. Hmm
 Do you know if the fine is relative to each individual equity in the fund or the fund as a whole? I did read that they stated they were(paraphrasing here) likely going to need some leeway with some equities that may take longer to rebalance due to their lack of liquidity. It was from global x so maybe its as simple as that to get out of the fines?

 p.s.
 I may have overloaded my boat since christy lake was jv'd and west bear was revealed, but I didn't spend my property tax dollars on uex shares ;)

mangoe wrote:

A lot of time people don't realize that the penalty for not following through on the timeline this URA  balancing  Index fund  could be a $50,000 fine, they have already calculated it is far better to hold these shares for UEX and  getting the possible bonus  CoEX shares, huge upside potential in profit in both stocks.

 

$50,000 is a lot of money for the average citizen but for these institutions that is nothing,knowing that the shares that they hold will earn them millions in profits.

So many of us tend to narrowly  focus on what the company says it is suppose to do like this URA  balancing   Index fund timeline,have you ever ask the question is there a fine if this is not completed in a certain time frame? can they extend the time frame to get this done?

It is called thinking outside the box, abstract thinking.

Almost everything that has to do with finance there is a loop hole for the client to get a around committing paying or executing certain transaction in certain time frame.

 

So you did not pay all your property tax on time this year, you owe the government $1,000, the loop hole for you to keep your land with your house is a small fine on the outstanding $1,000 balancing owing on your    property tax, they call it interest, especially if you entire estate is worth $100,000.00, you are not going to give your estate over to the government, you are going to keep it and pay the interest on the outstanding property tax balance of $1,000.