United Capital Corp. (fka UCAP)

[eyesonthemarket]

I find it very odd though that if UCAPs troubles are being blamed on rising rates, then why are other companies with the exact same products and pricing still running strong. Why would half of their critical staff members have bailed out when the market was still at its peak? Why have they gone through two CEO/Presidents in two years? This is not something you blame on rates, this is its current management loud and clear. UCAP had an amazing presence in the Las Vegas market, a market that is to this day breaking records for growth and loan volume. They shut that office down!!! This is clearly mismanagement. Bought at .24 now were below .09 I don't think we are getting straight answers from anyone there.