Wednesday, February 26, 2014 2:10:25 PM
For both new investors, long time investors, as well as current investors in UMNG, here is some information I've compiled to help make decisions regarding how to trade this stock as well as to help you better understand what you own and are looking at with UMNG.
First of all, UMNG was previously a mining company which was abandoned and left as a "shell" trading at a stock price of .0001 for quite awhile. There was seemingly no interest in the stock until December 27, 2013 when 10 filings hit in the same day in an effort to move this from being listed on the otcmarkets page as "gray market" back towards current status. The current contact information for UMNG is taken from the otcmarkets page and is as follows below, I have emailed and called IR and actually received an email response back, which will be included in this post. Here is the contact information below:
Website: http://www.getittunesagora.com
Phone: 438-828-4482
Email: investors@getittunesagora.com
Current share structure is as follows:
Shares Outstanding 749,193,794 a/o Jan 31, 2014
Float 539,190,794 a/o Jan 31, 2014
Authorized Shares 750,000,000 a/o Jan 31, 2014
Par Value 0.001
Now upon investing in this company initially, I decided to email them at the email address back in early January and find out some more information. It took about a week to receive a reply as they were backed up and do not yet have a dedicated IR person, but here was the response I received as to the current nature of UMNG and future direction of it. They were careful not to give any insider information or anything which could be considered insider trading.
As promised back in January, the company is now listed on the otcmarkets page as OTC Pink Current Information with filings on February 21, 2014 showing an attorney letter filed updating them to current status. This is a huge step, something which was also not PR'ed by the company showing the validity of this new CEO to build a viable business model. If you would like to look at all of their filings, then here is a link to the current filings.
Taken from their recent filing, here is the nature of their business from their annual report.
Last but not least, here is a chart of it's progress.
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