iwitness, I would highly doubt it. Not that it's not possible of course but I think the goal was for GEG to have 1.5bil shares and then be able to reap the benefits of the numbers. Remember, Rainco manages GEG but they only own 1% of the shares. If they were to do a RS now and without any kind of substantial news the pps would not be sustainable and they all should know this as we all do.
In 2013 when I was calling Shawn from Metwood to talk to him about this he felt this would be a deal that would allow Metwood to uplist. You all know how much is needed to uplist and I have doubts that any information they report would be earth-shattering enough for that to happen.
I think that Metwood will RM into GEG or vice versa and Metwood will become GEG. If the goal of GEG is to uplist, as a MS of UBRG a RS will not help that process at all. The value of the investment that GEG holds would quickly fall unless there is news to sustain it. So then they would have less shares...worth less and their beneficial ownership % would fall even more when the shares are issued again. Also, Metwood(GEG) would uplist with their own shares...not UBRGs.
I hope the silence means they are working on things behind the scenes and when the next financials are released they reveal what that is.
What we have here...is a failure to communicate!
