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How they have done what they did (RS prior to court grant of cust.) is a mystery to me. Maybe they will move it to the big board.
I can't wait to hear the plan and I bet it's going to be a good one.
Before this stock can move it's price it will have to move to a big board. Not many people on Ihub boards will buy a $14 stock.
Depends on what the corporate schedule is. Things move on their time schedule, not ours.
The good news is that the legal requirement regarding Custodianship matters has just been satisfied. That was something they had to get out of the way prior to moving forward with anything else.
My logic was if this was good enough for Billionaires to own 27% of the common shares, then its good enough for me. Time will tell.
Time to start moving up or what?
"GRANTED" - Yes indeed, today's court docket reflects Motion and Final Order.
Result : Granted
Comment
Custodial Management LLC's Supplement Motion to Discharge Custodianship and Enter Final Order
I just logged in to the 8th Judicial Court portal. I don't see anything either. As you say, the Court typically updates if either a continuance, or Hearing was held. I'm not seeing anything. Might have already taken care of everything, hence the corporate action going through.
I suspect we hear something soon from the company.
No update yet in the case info. If it was continued, I imagine it would already say that. I'm guessing everything went through fine.
I am expecting single stock price will be $1400 to 2000.
One of the other owners of this stock owns this according to his LinkedIn Page
I may have to book a week there if this hits $500 or so
https://www.redfrogbeach.com
https://www.reservations.com/hotel/red-frog-beach-island-resort-and-spa?rmcid=rcc2&msclkid=41ac4c4758631d0bfdc61251c7f485c0&utm_source=bing&utm_medium=cpc&utm_campaign=Top%20Hotels%203&utm_term=Red%20Frog%20Beach%20Island%20Resort%20%26%20Spa&utm_content=Red%20Frog%20Beach%20Island%20Resort%20%26%20Spa_1791714#overview
So was I https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153098235
And I was also thinking along about https://finance.yahoo.com/quote/BRK-A/?p=BRK-A
I doubt these 2 are interested in small change and we could see extremely large gains from this one over time.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151198593
I was thinking around $140/share. That's just a wild guestimation. I have no basis to support that figure, other than it makes more sense with who is involved, and this type share structure.
Gee wiz, with this SS they could make us the new Berkshire Hathaway stock if they wanted to. Berkshire is currently trading at $340,000 ...for a single share!
Because they have to work to make it happen ?
With 93000 shares in the OS, I'm thinking more like $100 +
I am thinking they will do forward split 1:200 in near future.
I have to agree. These billionaires have a set price in mind, and with this OS, I doubt its under $20 bucks.
Does anyone know why the brokers charge a “mandatory reorganization fee” for company activities (reverse split) that do not require shareholder approval?
93,000 OS This could run up fast and furiously, these BILLIONAIRES didn't buy into this to waste time and money, something big is coming. Imo
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153111488
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153106300
"$UGDM: Is this Halted or Suspended ?"
No but I see someone else has been
Suspended Until 01/17/2020 09:25:53 PM
https://investorshub.advfn.com/boards/profilea.aspx?user=372536
Reverse split. It is trading under symbol UGDMD
According to the court docket, the Hearing was just a little bit ago. Official results have not showed up on the court records yet. I'm surprised they performed a corporate action prior to today's Hearing, but perhaps some things were concluded earlier.
$UGDM: Is this Halted or Suspended ?
Last price showing $0.014
Whats going on here ?
I'm seeing volume of 64 shares traded and hopefully we hear something tomorrow.
~Maybe once it's $lapped for the First Time...Tuesday Court Update?
I saw it earlier but my account is still showing, Last Sale at .014.
Things should get back to normal shortly and the News should start to flow on what has been and will be in the works.
~L2 UP on eTrade: 6.10/14.90
So, what's going to happen this week?
I bought because of all the Billionaires involved but mainly because of JPD
Fidelity shows same thing. Fidelity is showing the post-split shares, but they are not tradeable at the moment..
TDAmeritrade is not showing anything yet, other than being processed.
I have to assume, that insiders have complete control over this, and will have the share price set where they want it. JPD's involvement and 12% ownership was the only reason I bought shares here. This will be interesting to see how everything evolves.
ETRADE Showing UGDM Last trade $14
No quote yet on UGDMD .......Really curious how she's gonna trade now...lol.
z
"Mr Desmond is a Company Director of Iiu Nominees Limited since 1995 and a listed Director of 35 other companies."
https://www.vision-net.ie/Company-Info/Iiu-Nominees-Limited-241141
Insider ownership is at least 27%
That's what I am wondering, unless the original owners have stepped in??? ....this will open at $14/share.........fwiw
z
I picked up some more, one has to think that these folks know a lot more than we do and have big plans in the works for the NEW COMPANY
John Paul Dejoria
https://en.wikipedia.org/wiki/John_Paul_DeJoria
https://www.paulmitchell.com/paul-mitchell
https://www.inc.com/scott-gerber/john-paul-dejoria-the-companies-i-invest-in.html
Dermot Desmond
https://en.wikipedia.org/wiki/Dermot_Desmond
https://www.youtube.com/watch?time_continue=30&v=EFwfNc3UkO4
Joe Haley
https://www.linkedin.com/in/joseph-haley-91b57134
Ocean Group International
http://www.oceansgroupintl.com/about-ogi
http://www.otcmarkets.com/financialReportViewer?symbol=UGDM&id=230030
Lets hope it goes to $140.00 not to long after
Anything is possible with these billionaires involved here. This one will be interesting.
JPD 12% stake holder.
I decided to actually buy shares during this afternoon's bloodbath.
It doesn't make sense for insiders (to include 2 billionaires) to reverse split their shares, unless it benefits them. Anyways, its that logic which caused me to buy the blood today, as opposed to running for the exits. Guess we will find out soon if we made the right decision, or not.
If that is the case, then UGDM will open tomorrow at $14.00
It could be done deal already.
UGDM--How can they institute a R/S when they have not even been granted full custodianship yet? That hearing is Tuesday.
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.
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