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Saturday, December 3, 2022

US Energy Initiatives Corp Inc (OTCMKTS: USEI) On the Move as Company Enters the Metaverse & Transfers Millions in Sumcoin

US Energy Initiatives Corp Inc (OTCMKTS: USEI) is making a powerful run up the charts in recent days emerging as a volume leader in small caps topping $1.8 million in dollar volume on Monday alone. Currently under heavy accumulation USEI is quickly turning into an investor favorite and is currently among the most actively searched and talked about stocks in small caps. The stock continues to move higher towards its March highs – investors are looking for a break over $0.0079 and this one could really take off.  

USEI is an early adopter of the Metaverse projected to reach $800 billion in 2024 according to a recent analysis by Bloomberg, IDC, PWC, Statista, and Two Circles. There is a lot of buzz in the emerging Metaverse space with Facebook recently changing its name to Meta. Last week USEI reported it has transferred $10 million of its digital assets to BMCS SUMCOIN INDEX FUND dba Bio Tech Medics, Inc. (stock symbol BMCS-OTC) to be sold at “market value’ to generate capital to execute its 2022 Business Plan that includes “green energy mining” and the entrance into the Metaverse sector. Management of USEI hopes to ultimately utilize its cash to create a community where Sumcoin is the currency of choice; through strategic alliances. The Company has purchased a number of URLs, created tons of NFTs, and plans to create products and services that it hopes to utilize in the future. 

US Energy Initiatives Corp Inc (OTCMKTS: USEI) operating out of Woodland Hills, California is a publicly traded company traded under the symbol USEI on OTC Markets. USEI is “pink current.” and has $11.3 million in assets (unaudited) including over $5 million in Sumcoin compared to $1.5 million in total liabilities. USEI is an early adopter of the Metaverse projected to reach $800 billion in 2024 according to a recent analysis by Bloomberg, IDC, PWC, Statista, and Two Circles. There is a lot of buzz in the emerging Metaverse space with Facebook recently changing its name to Meta.  

What is the Metaverse? It’s a combination of multiple elements of technology, including virtual reality, augmented reality and video where users ‘live’ within a digital universe; it also may contain elements or be integrated along with the blockchain technology. Supporters of the Metaverse envision its users working, playing and staying connected with friends through everything from concerts and conferences to virtual trips around to the world. Management believes that everything we have researched tells us that the Metaverse is a great direction for USEI. In the coming weeks we will purchase property and move headlong into this space. This is a long play, the industry is years away but the time is right now for us to get in ahead of the gold rush. Microsoft and Facebook (Meta) are bullish on the Metaverse sector and have invested millions of dollars in the space so we are in good company. 

Last week USEI reported it has transferred $10 million of its digital assets to BMCS SUMCOIN INDEX FUND dba Bio Tech Medics, Inc. (stock symbol BMCS-OTC) to be sold at “market value’ to generate capital to execute its 2022 Business Plan that includes “green energy mining” and the entrance into the Metaverse sector. BMCS Sumcoin Index Fund Inc., formerly BioTech Medics, Inc., has a Delaware Statutory Trust that holds Sumcoin (SUM) on behalf of its shareholders. The investment objective of the Trust company is for the shares to reflect the value of the Sumcoins held by the Trust, determined by reference to the Sumcoin Index Price, less the Trust’s expenses and other liabilities (NAV). Sumcoin is a cryptographic blockchain that uses a scrypt proof-of-work algorithm to determine its value (that changes every 20 minutes).  

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On December 27 USEI announced that the Management has conducted an interview about the Company’s plans for the Metaverse and its green mining initiatives. See link: https://recordings.tapeacall.com/t/n4Jz-Eet78gQ 

According to Anthony K. Miller, CEO, “Today I had an interview that can be found on the link above, which provides investors with our short and long term goals and objectives in the Metaverse and mining industries. It is our understanding that the Metaverse communities will grow at exponential rates and Management believes that it is only responsible that US Energy Initiatives take advantage of its opportunities in this sector. 

“USEI is seeking to liquidate a minimum of $10 million of its digital assets in the first quarter of 2022 (more if required) for the sole purpose of bringing shareholder value to its investors. This interview provides a discussion of our hopes and goals in the Metaverse community. The Management of USEI hopes to ultimately utilize its cash to create a community where Sumcoin is the currency of choice; through strategic alliances. We have purchased a number of URLs, created tons of NFTs, and we have a plan to create products and services that we hope to utilize in the future. 

“Microsoft and Facebook are spending millions of dollars to obtain their portion of this industry, which is projected to potentially total $8 trillion dollars, according to a marketwatch.com article (I read over 10 articles this weekend on this sector… all of them were positive). We are confident that this is a great potential opportunity for USEI, our stockholders, and our stock values. As we continue to achieve milestones, we will continue to provide shareholders with updates on our progress, and I hope the interview gives you all clarity. 

“What is the Metaverse? It’s a combination of multiple elements of technology, including virtual reality, augmented reality and video where users “live” within a digital universe; it also may contain elements or be integrated along with the blockchain technology. Supporters of the Metaverse envision its users working, playing and staying connected with friends through everything from concerts and conferences to virtual trips around the world. Three years ago folks thought we were crazy for getting into crypto currency and look at us now… crazy or innovative either one works. In the coming weeks we will purchase property and move headlong into this space. This is a long play, the industry is years away but the time is right now for us to get in ahead of the gold rush,” stated Miller. 

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USEI is making a powerful run up the charts in recent days emerging as a volume leader in small caps topping $1.8 million in dollar volume on Monday alone. Currently under heavy accumulation USEI is quickly turning into an investor favorite and is currently among the most actively searched and talked about stocks in small caps. The stock continues to move higher towards its March highs – investors are looking for a break over $0.0079 and this one could really take off. USEI is an early adopter of the Metaverse projected to reach $800 billion in 2024 according to a recent analysis by Bloomberg, IDC, PWC, Statista, and Two Circles. There is a lot of buzz in the emerging Metaverse space with Facebook recently changing its name to Meta. Last week USEI reported it has transferred $10 million of its digital assets to BMCS SUMCOIN INDEX FUND dba Bio Tech Medics, Inc. (stock symbol BMCS-OTC) to be sold at “market value’ to generate capital to execute its 2022 Business Plan that includes “green energy mining” and the entrance into the Metaverse sector. Management of USEI hopes to ultimately utilize its cash to create a community where Sumcoin is the currency of choice; through strategic alliances. The Company has purchased a number of URLs, created tons of NFTs, and plans to create products and services that it hopes to utilize in the future. We will be updating on USEI so make sure you Subscribe to Microcapdaily so you know what’s going on with USEI.

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Disclosure: we hold no position in USEI either long or short and we have not been compensated for this article.

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