GREY:UEXCF - Post by User
Comment by
invest4funon Mar 10, 2021 2:27pm
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Post# 32764382
RE:RE:RE: partner ptu hitting in hook lake could uex
RE:RE:RE: partner ptu hitting in hook lake could uexAccording to Red Cloud report, Sorensen still holds 7.52% of the outstanding shares - that's about 23 million shares.
from
News Release Jan 24, 2018 he held about 34 million:
"Mr. Sorensen has exercised warrants for 18,000,000 UEX shares at an exercise price of $0.20/share to hold a total of 34,000,000 shares representing 9.77% of the issued and outstanding shares of the Company.
UEX received proceeds of $3,600,000 from Mr. Sorensen’s warrant exercise."
In addition to the $3.6 million he pumped into the UEX kitty with the warrants, in 2016 he piled another $2 million into the company... a total outlay of $5.6 million!!! Maybe he is smart and wants to recoup some of his investment. Maybe he has sold about 10 million shares for proceeds of about
$2.5 to $3.0 million. It's not like he's "dumped" his shares. He still holds about 34 million shares!!!
So that's where Sorensen is!
As for Cameco, you can read my posting from yesterday.