UWRL issued an excellent press release on Friday and notified investors of a conference call. They have also stated that the company is working on a new adequate disclosure document to remove the “skull and bones” rank on UWRL. The company has met with its security lawyers for the purpose of satisfying the OTC Markets adequate disclosure and progress is being made with that filing and should be forthcoming shortly. This is fabulous news for shareholders, transparency for a sub-penny stock is never a bad thing.
UWRL's financial release on Pink Sheets is a step in the right direction as is the removal of the CE rating on Pink Sheets. These are the steps that need to be taken and it takes some time. It is obvious the company is concerned about its shareholders. That is a good thing.
UWRL will not be trading under $.002 much longer. I feel this is a $.006 - $.01 stock short term, just based on recent acquisitions and announcements. The full value being brought in via mergers could send this stock on a GOIG type run to $.06.
The stock closed above its 50 and 200 day moving averages on Friday. This is a buy signal, one that could incite a rally in shares. Regardless of of technical indicators UWRL is heading higher and those who have been following this blog might be wishing they started listening to the Guru a little earlier.
US Wireless Online, Inc. (UWRL) Reports Second Quarter Financials and Addresses Pressing Issues
CLEARWATER, FLORIDA--(Marketwire - July 30, 2010) - US Wireless Online, Inc. (www.uswirelesscorporation.com) is pleased to disclose the financial statements of Go Green Electronic Recycling for the January 1 - June 30, 2010, period, and address several issues that had surfaced with the investor community.
By the end of Q2, the company had not realized any revenue, and posted a net income loss of $11,000 USD. The company did not expect to accrue positive revenues at this time, since Go Green Electronic Recycling is a start-up phase company. With regards to subsequent quarters, as Go Green Electronic Recycling recently signed a major e-waste distribution agreement with a Nigerian phone company that will involve the collection and shipping millions of units, the company anticipates a move towards growth and accelerating revenues.
In other company news and updates, although the company has a policy not to comment on lashing out of its critics (stock bashers), the company comments the following rumors circulating on UWRL are unfounded, untrue and easily explained:
1) Investors cannot find a business license for UWRL in Florida, because UWRL is a holding company, operating and incorporated in the State of Maryland. The company is filing for business license with the Florida Department of State (Sunbiz) presently.
2) The Company noticed a rumor that claims that there is no operation at the company's present address. The company dismisses this claim as unfounded a fully manufactured. The company invites its shareholders to visit the facilities at their convenience.
3) Some online presences claim that there is no answer when trying to reach the company. The management informs the public, that the opposite is the truth. The company received multiple phone calls without answer on the other end of the line.
By this statement the management informs the public, that it wishes to focus on its business, and that going forward will not accept any investor phone calls and refers all inquiries to its IR representative Mina Mar Group at 1–647–426–1640.
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1 comment:
How high do you see this going? and possibly as a guess when abouts it starts going up?
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