Paul,
This of course is simply MHO, but I truly doubt Jim Warren's departure had anything to do with this stock movement. Mr. Warren, albeit was a partner with Ken when they took over USXX, he never kept an office at the corp. office of USXX. Ken has been running the company and making most of the decisions from the beginning. With Ken totally in the drivers seat we could see things move even faster. He now doesn't have to go to the board every time a decision needs to be made.
If I had as many shares of stock at .10 or whatever it was that they paid, as Jim Warren, I would have already taken my ball and gone home. It doesn't take a rocket scientist to figure his return on investment. Can you imagine the Proper Sailing Vessel that would buy me?
It is my belief that many others like my self have made a nice chunk of change and decided to take some profits. Remember their were some of us that were lucky enough to buy this puppy at .18 to .30. It only makes sense to pull out some profits. That is what its all about.
Now the exciting thing is that now they have a solid base on which to grow. USXX has 36 locations now available for production. And that is in only three states. At last count that still leaves a whole bunch of room to grow. "Tis the tip of the iceberg" as they must have said on the Titanic. Or the old adage, "MOnkey see, Monkey Do". I would expect 2 or 3 this many facilities over the next year.
Katty bare the door. Fla and Ca. have got to house more bad guys than most any other state. And I belive its the companies dream to be in most all of our U.S.
Think of the natural progression. The clients of USXX are also their customers. I believe there is an agreement to provide needed supplies if USXX can meet or beat the price. So now we have 36 customers and that number will perhaps be doubled in short order. How many different things can be produced by our work force around the nation that can then be sold back to a prison? Does this spell Acquisitions? What is to stop them from buying a uniform company and putting the factory in a prison? The possibilities are almost limitless.
Perhaps this is old hat to some, but too often we forget the BIG PICTURE. We get too impatient expecting everything to happen in a 1,2,3, manner. And that is simply not reality. Most BB stocks are simply a shell. This one is real, kicking and breathing. And might I add making a profit.
When the numbers are released, I believe you'll see another rise. I believe I read that they don't have to be out until the end of March. Though I know the auditors are hard at work at this point. I hope to see them sooner than later.
Patience, is the key word. Set back take a deep breath and relax.
Pass the candy please.(or in my case the dry roasted unsalted peanuts)
dats all folks.....
Dan |
