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Does anyone think they are setting it up for future forward splits ?
~John Paul DeJoria is..12%-Owner..im assuming he had to approve the..Name Change,R/S,etc......
End of day fire sale. People running for the exits afraid of getting burned.
Large block shares being dumped.
Wow, there they go...
~People Overreacting..Should be a Ton of Updates/News coming nowww...Billionaire Insiders haven't sold a share....
SPORTY anyway stock holders can recover from tomorrow's 1 for 1000 RS? Actually surprised SH are not taking the .0101 bid that is best now. Something is better than nothing.
Not sure what to make of it. Insiders own large percentages of common shares, so who knows. Lets see what happens now.
We will have a very interesting OS moving forward. A very interesting OS!
UGDM: effective Jan. 3,2020 Universal Gold Mining Corp. will change to Channel Holdings Inc. and a one for 1,000 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
HOW DOES a REVERSE SPLIT MAKE SENSE HERE ?
Anyone ??
WTF
https://otce.finra.org/otce/dailyList
93,012,500. Once FINRA processes 1 for 1,000 reverse split then outstanding shares will be 93,015.
https://backend.otcmarkets.com/otcapi/company/financial-report/230265/content
So the custodianship is completed then? Should start seeing action next week!
1-1000 RS UGDM
https://otce.finra.org/otce/dailyList
Slow build up on lv. 2. No shares left under .02. Thursday Friday should get interesting. I'd like to see .023 break
UGDM--Custodianship will be granted next Tuesday.
Board of Directors has two billionaires on it, with investments already made in UGDM. I like it when my money is on the side of established winners/billionaires.
Only 5 trading days left til the 7th. Will go over .02 and maybe .03 this week.
Exactly, same here. I'm a big fan of John Paul Dejoria. His involvement here (insider ownership) was the main reason for me pulling the trigger on this one.
I've had the chance to make 5000-9000% on plays and missed by days. This is 1,000% or more coming and I'm not settling for less lol, and I'll be holding some for potential dollar land or .25+
UGDM could be trading at .20-.30+ in a months time, after the Judge signs off, and updated information is released averting the perceived risk.
I'll take any small amounts that are under .02. I'm putting more $$ in to get more tomorrow. It'll be January in a blink
I'm sitting on lower bids, should anyone want to give away their shares. I already have my core position here and added a bunch a few weeks ago. I think some get nervous when they read about RS in those latest filings, while not looking at the big picture and understand how a RS doesn't make sense here, and will likely be cancelled.
Got 27k at .015 ty somebody
Up over .02. .03 next, then .05, then .10
UGDM is cleared out, ready to run!!! Take off sends her to .05++++
I hope nobody else wanted .008-.011's lol
Once the Judge takes the reigns off, we should rocket.
John Paul Dejoria and his 10,750,000 COMMON shares won't let anything bad happen here. To me the insider ownership is a telltale sign of what's to come.
I believe anything under .012 is pretty much gone. There was $10,000 bidding .008-.01 by day's end. Ask was .015. Soon the ask will be .03. Imo Jan 2 range
UGDM--Quickly approaching the forward looking catalyst of 01/07/20, when the custodianship hearing is.
Going to be a fantastic way to start the new year.
I brought a few more eyes here, notice the bump in volume??
Grabbed 40k more today under .01 and 25k at .0119
These prices are a Christmas gift. I bought a bunch over a week ago when folks were asleep on this one. I figured that court delay would allow us this opportunity
I suspect things will get wrapped up at the Hearing on 1/7/20.
grabbed 20k at .01. Anything around there is an easy 200-1000% gainer
Exactly. Been quietly accumulating shares past couple weeks.
UGDM--Don't fall asleep on this one. (two billionaires backing Paul Mitchell being one of them).
Custodianship is 01/07/20.
UGDM--Don't fall asleep on this one. (two billionaires backing Paul Mitchell being one of them).
Custodianship is 01/07/20.
Yes mi amigo, sticking the feet in the sand here at Estrella Del Mar and trusting in my dd as always. Again no one could have known it would take that long on the courts calendar for a few simple adjustments. So I will simply wait like always with easy going patience, I think this team is enormous, the people holding huge amounts of common shares are impressive and on public file. I also believe the new CEO is working behind the scenes on all new company aspects and the RS will be cancelled. Why would the impressive billionaires holding common shares allow this... just a little common sense from me I suppose. Especially when it is not needed and would leave no market so to speak.
Cheers Harvest
Will be gone off line on a boating trip most of December but will stop in once more to wish you well
Very large position here long, just like all my positions
UGDM
Average volume increasing last 10 days
Agreed, mi amigo. Just a matter of time.
Agreed, no one could have known it would take that long on the courts calendar for a few simple adjustments. So I will simply wait, I think this team is enormous, the people holding huge amounts of common shares are impressive. I also believe the new CEO is working behind the scenes so when its granted it will be explosive and quick imo.
See you next month mi amigo!
Cheers
UGDM
Have to wait until January 2020 before Hearing now. They can't do anything until Custodianship matter is finalized by the court.
Patience...
Agreed. Makes no sense. Something’s gotta give here!
So you believe the company is going to go through with the R/S leaving them with 93,015 shares?
On June 24, 2019 the Board of Directors and the majority shareholder of the Company approved the following actions (and filed the corresponding Articles of Amendment with the State of Nevada):
- The authorized common shares of the Company decreased from 1,500,000,000 to 1,000,000,000.
- The outstanding shares of common stock of the Company decreased from 93,012,500 to 93,015 on a pro rata basis as a result of a 1,000 to 1 reverse split in which any fractional shares shall be rounded up (NOTE: the effects have been applied on a retroactive basis in these financial statements).
The Company plans to file the foregoing changes with FINRA, but there is no guarantee FINRA will effectuate the changes.
As of September 30, 2019, the Company has 93,015 shares of common stock outstanding.
I would say yes to that. The filings seems to confirm it. However, I don't believe FINRA will officially go through with it until the custodianship process is complete in Nevada.
Universal Gold Mining Corp(UGDM) Custodianship to Joseph C Passalaqua (Custodial Management LLC). Why they are not using Custodial Management LLC instead of Channel Holdings Inc for Universal Gold Mining Corp.
Hearing set for 1/7/2020 - Custodial Management LLC's Supplement Motion to Discharge Custodianship and Enter Final Order.
Case: A-17-765192-P
https://www.clarkcountycourts.us/Portal/
Looks like same Q as the last one. No surprise.
More importantly is the Court update: Hearing set for 1/7/2020
Custodial Management LLC's Supplement Motion to Discharge Custodianship and Enter Final Order
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