MM, Did you happen to stumble on the financials for UNRG along the way?
As a result of a very limited verification process I noticed:
Per that 1996 post where a Mr. Robert Albee (?sp.)is referenced, UNRG "sales would be $200 mil in two years", yet current financials show not quite $2 mil. Either they had a major sell-off, or Mr.Albi is right in line with Firamada's "prophetic" accuracy. (Where's Edger Casey when you need him?) The current UNRG also seems to like lots of PR's.
Additionally, in Feb., 1997, UNRG was announcing a ramp-up of operations(acquiring space, etc.) leading to $1.8 million PER MONTH on one product alone. Yet, in 1998, they had annual sales of only $1.9 mil. I sure hate to think it, but......... DEJA VU...... DEJA VU..... DEJA VU...... I cannot help it.
UNRG is also showing increased OS, and increasing losses per share. The only current difference is there appear to be marginally positive cash flows last year.
Anyone, please post any additional info that may somehow modify this information to the positive side. I don't like thickening grey clouds.
Thanks,
Bob. |
