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UPLCQ: Bankruptcy PLAN effective. All shares cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
$UPLCQ Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Ultra Petroleum Corp. (UPLCQ) Investors
Press Release | 09/14/2020
Glancy Prongay & Murray LLP (“GPM”), a national investors rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased Ultra Petroleum Corp. (“Ultra” or the “Company”) (OTC: UPLCQ) securities between April 3, 2017 and August 8, 2019, inclusive (the “Class Period”). Ultra investors have until November 2, 2020 to file a lead plaintiff motion.
If you suffered a loss on your Ultra investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/ultra-petroleum-corp/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
On August 9, 2019, Ultra disclosed total revenues for second quarter 2019 of $155.4 million, an 18% decline year-over-year. The Company also revealed that its vaunted horizontal well program had been effectively halted and lowered its 2019 projected capital investments to a range of $260 million to $290 million and annual production to a range of 3239 to 244 billion cubic feet equivalent.
On this news, Ultra's stock price fell 31% to close at $0.09 per share. On August 22, 2019, NASDAQ formally delisted Ultra stock.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Ultra's proved reserves were materially overstated and, therefore, worth hundreds of millions of dollars less than represented; (2) Ultra's proved undeveloped reserves were of de minimis value because they contained low quality deposits that lacked a commercially viable path to development; (3) Ultra was unable to meet the production and development estimates provided to investors and such estimates lacked a reasonable basis; (4) Ultra was unable to withstand even a modest downturn in the price of natural gas because, inter alia, Ultra's business had less financial and production flexibility than claimed; (5) Ultra did not have the technical or financial capabilities or available asset base to sustainably grow its oil and natural gas production by any meaningful amount.; and (6) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
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If you purchased Ultra securities during the Class Period, you may move the Court no later than November 2, 2020 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200914005129/en/
$UPLCQ INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Ultra Petroleum Corp. (UPLCQ) on Behalf of Investors
Press Release | 09/10/2020
Law Offices of Howard G. Smith announces an investigation on behalf of Ultra Petroleum Corp. ("Ultra" or the "Company") (OTC: UPLCQ) investors concerning the Company’s possible violations of federal securities laws.
On August 9, 2019, Ultra disclosed total revenues for second quarter 2019 of $155.4 million, an 18% decline year-over-year. The Company also revealed that its vaunted horizontal well program had been effectively halted and lowered its 2019 projected capital investments to a range of $260 million to $290 million and annual production to a range of 3239 to 244 billion cubic feet equivalent.
On this news, Ultra's stock price fell 31% to close at $0.09 per share. On August 22, 2019, NASDAQ formally delisted Ultra stock.
If you purchased Ultra securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200910005876/en/
$UPLCQ Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Ultra Petroleum Corp. (UPLCQ) on Behalf of Investors
Press Release | 09/10/2020
Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Ultra Petroleum Corp. (“Ultra” or the “Company”) (OTC: UPLCQ) investors concerning the Company’s possible violations of the federal securities laws.
If you suffered a loss on your Ultra investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/ultra-petroleum-corp/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
On August 9, 2019, Ultra disclosed total revenues for second quarter 2019 of $155.4 million, an 18% decline year-over-year. The Company also revealed that its vaunted horizontal well program had been effectively halted and lowered its 2019 projected capital investments to a range of $260 million to $290 million and annual production to a range of 3239 to 244 billion cubic feet equivalent.
On this news, Ultra's stock price fell 31% to close at $0.09 per share. On August 22, 2019, NASDAQ formally delisted Ultra stock.
Follow us for updates on LinkedIn, Twitter, or Facebook.
Whistleblower Notice: Persons with non-public information regarding Ultra should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com.
About GPM
Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPM’s nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM’s lawyers have handled cases covering a wide spectrum of corporate misconduct including cases involving financial restatements, internal control weaknesses, earnings management, fraudulent earnings guidance and forward looking statements, auditor misconduct, insider trading, violations of FDA regulations, actions resulting in FDA and DOJ investigations, and many other forms of corporate misconduct. GPM’s attorneys have worked on securities cases relating to nearly all industries and sectors in the financial markets, including, energy, consumer discretionary, consumer staples, real estate and REITs, financial, insurance, information technology, health care, biotech, cryptocurrency, medical devices, and many more. GPM’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200910005866/en/
Where are you getting this information?
There's going to be a Buyout, plus Gas/oil ate going up big this fall.and winter Buy as many shares as u can, u will be Rich !!
GOING FROM 1 CENT TO $1.50 BUY BUY BUY, ITS GUNNA BE LIKE THE NEXT AMAZON!!!
Looks like we hit a bottom, thinking it might pop today
Depending on the court next time it takes off it may not stop
Yep it will take off any day now
Looking like it wants to start another run
I don’t know but I know Ive flipped this stock from $.01 to $.03 twice already and it could go way higher this round so Im locked in on a cupl mill
I am buying this morning. Does anyone know how the hearing is going?
I feel like Im talkn to myself so self just keep buying lol
Fir Tree Capital dumped shares last few days drivn price back to .01 but it will shoot back up possibly to .05 this time. This stock is so predictable
This next run will be the 3rd Ive got a triple. If you dont think its gona do it again just sit and watch lol
Looks like buying for another run to $.03
The court orders:
Upon the Motion (the “Motion”)2 of the Official Committee of Unsecured Creditors (the
“Committee”) of Ultra Petroleum Corp., and its affiliated debtors (collectively, the “Debtors”) inthe above-captioned chapter 11 cases, seeking entry of an order (this “Order”); and the Court
having jurisdiction over this matter pursuant to 28 U.S.C. § 1334; and the Court having foundthat this proceeding is a core proceeding pursuant to 28 U.S.C. § 157(b)(2); and the Court havingfound that venue of this proceeding and the Motion in the Court is proper pursuant to 28 U.S.C.
§§ 1408 and 1409; and the Court having found that Committee’s notice of the Motion wasappropriate under the circumstances and no other notice need be provided and the Court havingreviewed and considered the Motion; and the Court having determined that the legal and factual
bases set forth in the Motion establish just cause for the relief granted herein; and upon all of the proceedings had before the Court; and after due deliberation and sufficient cause appearing
therefor, it is hereby ORDERED that:
1. The Committee shall file the Exhibits under seal pursuant to the terms of the Protective Order.
2. This Court shall retain jurisdiction to hear and determine all matters arising from or related to the implementation, interpretation, and enforcement of this Order.
So any opinions about this stock now?
UPLCQ, $0.02, EC will be established. Old symbol: UPL (NASDAQ). It was High as $10.8 . With $740 Million revenues per year, delisted from NASDAQ.
The ad hoc Equipty Group paid millions of dollars to many Big and Famous law firms to establish EC (Equity Committee of Unsecured shareholders).
Very encouraging for the UPLCQ Commons shareholders. Once the EC is established, the Commons will get paid.
"In re: ULTRA PETROLEUM CORP., et.al., 1 (pinksheets: UPLCQ)
The ad hoc Equity Group, in the above-captioned chapter 11 cases, file this witness and exhibit list (the “Witness and Exhibit List”) for the continued hearing on the Motion of Ad Hoc Equity Group Seeking Entry of an Order Directing the Appointment of an Official Committee of Equity Security Holders [Docket No. 437],
file:///C:/Users/Mam%20Baba%20Pangzi/Downloads/178045760420-rep-0308012603.pdf
UPLCQ case site:
https://cases.primeclerk.com/ultrapetroleum/Home-DocketInfo
Go back over $.02 today. Headed to $.10
If we can break thru the $02s today its gona fly
This will probably exceed the last run past $.05
UPLCQ
OK thanks.
tlo.
They will be cancelled but ar this level this stock will bounce pretty good. Been watching a lot of accumulation over last couple weeks. Its not if its when.
UPLCQ
Do you know if they plan to re-emerge from ch.11
and if so will the commons be preserved or not?
tlo.
seekingalpha.com/article/4360704-natural-gas-ready-to-double-best-ways-to-play
Getting that much closer to the inevitable run
Loading at this level. Heavy volume for this stock today.
Good thing about trading bankruptcy stock also the company cannot dilute shares or reverse stock split.
At these levels and all of the accumulation this is set up to run back up to $.04-.05 again soon.
Agreed!!! These bankrupt oil and gas companies usally bounce good during bankruptcy several times.
UPLCQ, old symbol: UPL, was $10.8 ? With $740 Million revenues per year, it's definitely undervalued at $0.01.
Good actions today. UPLCQ, Revenues: $740 Million/year, Delisted from NASDAQ:
https://www.otcmarkets.com/filing/html?id=14073620&guid=uVVFUWHM7T5RT3h
UPLCQ, many insiders sold shares at $0.0096 ?
https://www.otcmarkets.com/filing/html?id=14178930&guid=cglFU6A-YOUni3h
https://www.otcmarkets.com/filing/html?id=14178906&guid=cglFU6A-YOUni3h
Very thin here.
Wouldn’t take much to run this up!
That large bid kept moving up. Something is up here for certain. Got a small lotto yesterday. Good luck!
$UPLCQ
It was 1,235,000 for a minute. Someone is wanting it. Run it!!!
UPLC changed to UPLCQ, bankruptcy. Stock hit a low of .009 and closed at the high of the day at .0133 on +7 million share volume.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Buy signals now on both the hour and day.
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