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UCPA: Shareholders of United Communications Partners Inc. (UCPA) will receive $0.002909/share in connection with the merger with Making Science Marketing & Adtech, SLU.
FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
It says was expected mid august, so maybe today
I would imagine not one day before they absolutely have to. Bloody snakes
Any clue when the payout will be? EOM? EOY?
Not true. The word "probably" is used... This is to avoid people buying and collect as many shares as they can at very low prices. Mark my words, it will trade at .03+ within 6 months
Exactly why a record needs to be made. SEC complaint and litigation will solve their reporting issues.
After buy out the stock will be delisted so you will have no clue what happens, as i said before im sure they have a buyer already in line at 10x what we got paid, but we will never know once it becomes a private company after we get paid, they dont report anymore
Interesting. Can’t find trekronors instagram anymore.
After paying out old shareholders they will probably run this to .03 min again. Wait for it...
Bravo, at a minimum a record is created when you do that. They(court, lawyers, regulators, etc..) will never be able to ask you why you didn't complain.
I went ahead and filed a complaint also. I am pretty sure it will not do anything but what the heck. Good luck to all you guys!
Dissenting will preserve claims for later recourse, make no mistake.
Correct it applies to everyone no matter how you voted. Majority rules
Even if people voted No and dissented, correct?
How long will it take to get the money.are you sure it’s automatic?
I decided not to wait and took less at .0028 as the other day there were over 11 million for sale at .028. I am done with this crap company that has never cared about its shareholders and should have never been public to begin with, with 76% insider held. I took a 40% loss this time but made money before flipping it. Glad to be done with this POS and used the funds for others.
You can’t hold it, in the next few days your shares will automatically be sold to them at the buyout price and proceeds put into your brokerage account
Not at this point, but once they complete the "squeeze out" they can let it run. I dissented, AND filed an SEC complaint.
Would there be any reason to hold this instead of selling at .0029? Is there any possibility here of getting more then .0029 per share at this point?
Well I took half off my books. Wish we could include a big FU to the buyer. Still know it all happened for a reason
Is there some sort of process that we would need to do to at least get the .0029 per share? Really frustrating
Just filed an SEC complaint against the company, didn't cost me a dime. May or may not help, but at least my record is now made. Filed my 3 dissent emails as well.
Anyone who would like to do likewise, it's here:
https://help.sec.gov/s/
Here's how a squeeze-out merger can work:
Majority shareholders form a new corporation.
The new corporation submits a tender offer to the original corporation.
If the offer is successful, the acquiring company merges its assets into the new corporation.
Minority shareholders who don't tender their shares lose their equity position because the original company no longer exists.
A parent-subsidiary merger is another way a squeeze-out merger can occur. In this scenario, a parent corporation that owns at least 90% of a subsidiary's stock merges with the subsidiary. The parent company can then force the subsidiary's shareholders to accept cash for their shares.
Forced sales among shareholders aren't common, but it's important to be aware of the possibility when planning long-term investing strategies.
When will this all pay out? I doubt we will get a class action lawsuit going, etc
If he thinks it would go class action, YES.
If he thinks it would go class action, YES.
Yep we did with a buyout at .0029. We never had a chance. They obviously counted the 76% shares held by the insiders. this proxy vote was just an exercise to make it legal and we had no chance. This company should never have been trading publicly basically putting out nothing for years. Zero attempt to increase shareholder value. The winner is Making Science. We lose. 1.3 billion shares in favor, 74 million against.
So we all got screwed here … seems like same thing is going on at rxmd … how is it legal ??
Has to be someone out there willing lol
I wonder if an attorney would take on a lawsuit for pay if we win?
Sound Familiar??
A company merger can force minority shareholders to sell their equity through a corporate transaction called a squeeze-out or freeze-out merger. In this transaction, majority shareholders use a merger to gain ownership of the remaining shares in a corporation. Minority shareholders are then forced to sell their stock for a cash buyout, also known as a fair value cash buyout.
I’m in! Where do we start?
Bullshit . Let’s sue . Like the part stock gets delisted . Are they going pay us or we get fucked
X10 .03 that is still way undervalued. Yes, these scumbags intend to rape stockholders without jail time.
If you take total shares at the buyout price it’s like $4,600,000, this company is worth probably 10x that amount as they show a profit consistently. Any wager that they already have a buyer in line (another communication company) to sell this company to once it goes private and it will sell for about 40 million leaving them with a 35 million dollar profit and us holding our cocks
Of course, they have to pay a lot more. However, the real challenge is finding enough shareholders willing to take that step.
It was 1.1 billion they manipulated and bought another 250 million shares on the open market and that took them a few years.
The bottom line they intend to manipulate the stock for a bullshit merger buyout.
At the end of the day, you won't have to pay out anything. E*Trade will settle your account and they will pay you each share for the amount of .0029
Of course they did, probably had friends and family and employees buying on open market everything under sale price so they had enough shares to overcome our vote
That was the first shareholder approval. They still needed the unaffiliated shareholder approval as the second step of the approval for the merger to go through. I suspect they somehow controlled part of the unaffiliated vote though. Total theft of our shares through deception, manipulation and deceit. Nothing new down here in OTC land.
They still voted all their shares. 1.3 billion voted in favor
with 1,350,761,473 shares voting in favor (representing 83.49% of UCP's total shares)
Correct, this issue is ripe for a shareholder lawsuit. Those .0029 shares will be worth much much more after this theft has completed.
They stole this vote somehow.
The approval by a majority of the shares of UCP's common stock held by those Shareholders that are not affiliated with Making Science that were present and entitled to vote at the Meeting, with 118,880,127 shares voting in favor (representing 61.54% of shares present and entitled to vote) and 74,256,632 shares voting against (representing 38.44% of shares present and entitled to vote).
Well whoever interpreted that they couldn’t vote their own shares was full of shit. They voted all their 74% owned to agree to merge so we never had no say in vote anyway. They basically stole our shares for peanuts
In accordance with the requirements of Merger Agreement, Shareholders approved and adopted the Merger and the Merger Agreement by the following votes:
-- the approval by the holders of a majority of UCP's outstanding shares of common stock, with 1,350,761,473 shares voting in favor (representing 83.49% of UCP's total shares) and 74,256,632 shares voting against (representing 4.59% of UCP's total shares); and
Making Science started this merger process when they had manipulated the UCPA share price down to .0022.
On December 13, 2023, Making Science delivered a term sheet outlining a merger proposal to the Chairman of the board of UCP for consideration by the UCP Board and the Independent Committee. The proposed merger consideration was the then current market price of UCP’s common shares ($0.0022 per share), plus a premium of 10%, representing a proposed merger consideration of $0.00242 per share.
I’ve come to the same conclusion. Unfortunately I hold on E*TRADE and they’ve said that I have to pay five hundred to remove my shares in order to enact desenters rights. Don’t have it some all I can do is hope the vote doesn’t pass
The company's value isn't determined solely by its market capitalization. It also depends on factors like the business's performance, book value, property, assets, liabilities, and primarily its revenue. It’s clear they’ve been deceptive, withholding updates and news while secretly accumulating shares to push out loyal shareholders. If I still hold shares, I will take legal action for the damages caused. Very sorry for those who still have share here.
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(as of May 1st 2017)
Authorized Shares (AS) = 2,000,000,000 shares
Outstanding Shares (OS) = 1,617,887,264 shares
Closely-Held Shares = 1,120,500,182 shares
Float = 318,554,196 shares
No preferred equity, no convertible debt, clean 1 share 1 vote structure.
The company's number of outstanding shares is unchanged since early 2012.
Beneficial owners have steadily increased their stake in own company stock.
In 2016 alone, management acquired 132 million shares of UCPA common equity.
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