URL 0.00% 13.5¢ universal resources limited

The sad thing Chris is that I am with you. I have seen nothing...

  1. RRM
    590 Posts.
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    The sad thing Chris is that I am with you. I have seen nothing but mysery and wealth erosion with this URL. I had spent hours on the phone withe URL management in the past, trying to figure out what to do - watching 10s of thousands of dollars evaporate. I am only sorry I did not get out earlier. Anyhow, I have learnt from this and better off for it. However, URL or whatever they want to call themselves is going to have to really be on the up and in a climbing shareprice mode in order for me to ever look at them seriously. To date, they have proven nothing. They are are practically a worthless stock in terms of value assigned to them - back out the cash - the market is placing a areound 6c? a share premiums on potential value. I wait to see what can be achieved. VCN prior to the URL takeover was down and dying - so 2 dog stocks do not suddenly make it a goer. Mind you, VCN did manage to acquire cheap plant capital - more than what URL ever achieved - bless the rotten management team.

    Let's see what will happen. I am yet to be turned - my verdict is that this is a dog until proven otherwise. Sorry - have lost faith but still very intersted due to my commmittment in the past. I owend over 300,000 shares at one stage in the days when URL (prior to dilutions) was 16c. What a horror buy in hindsight. I could now buy them for peanuts if I wanted. Sorry stuff indeed.
 
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Currently unlisted public company.

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