United Communications Partners Inc (UCPA)

[LINDSAY2010]

Let me say I double my money since got rid of it

[Ckwilas83]

Well guys, I bought into UCPA in 2017 and the wave is now over. Was great to meet the long holders here and best of luck with your future investments!

[Ckwilas83]

I noticed that as well with the charge.

[ap17]

38 can easily wipe out any funds from share sales.

[Winegeeker]

Mine is showing as cash now, Etrade charged me $38 for this transaction i have no clue why

[GreedyAgorist]

Yes, got the alert Friday; sale date Monday 8/26 as per my Gains and Losses page. Those shares will go down as a 75% loss. Luckily those were what you folks call free shares (what I call house money). Looking at the record, the last time I sold shares, scored a nice 58% gain when it popped over 2 cents on Valentines Day 2022. Anybody remember that? That day I got 2.4 cents, which was double my last buy at 1.2 some time in 2019. All my buys were in 2019 when I was young and foolish, iHub and pennies had my attention, and a very bullish pb* made buying under 2 cents sound like a no-brainer.

Sorry for those who never had a chance to take profits. Here’s hoping you all have many winners this year to balance out this loser.

*not my financial advisor, of course

[yeababy39]

Me neither

[Ckwilas83]

I haven't yet.

[ap17]

Agreed, a dirty shame. Where's the SEC when you need them.....they're busy going after XRP which is stupidity and thus protecting no one there. They needed to be here looking at this un-reporting scam company, I did file a complaint but not confident.

[stockabe]

did anyone get the cash in account?

[powerbattles]

It's really sad—this feels like a license to steal without a gun to your head. The old management sold their positions to Making Science, but the worst part is they refused to disclose the transactions. Their plan seems to be to quietly wait for years and scoop up all the cheap shares.
Yes, what a rip-off by the company! These shares are worth at least 3 cents, and they managed to get them at a .0029 a thousand percent discount.

[yeababy39]

Yeppers… it was real… and fun. Certainly not real fun! Good luck on everyone’s future investments!

[lakers17]

Company ripped us all off. buyout should have been at least double this or much more. As they held 76% we never had a chance. I didn't even want to deal with waiting to get paid and took less a week or two ago at .0028 as there were millions of shares at the bid at .0028. We were totally screwed. This company never dealt with shareholders in any way, shape or form and never should have been a public company. People talk class action lawsuit but it will never happen.

[Ckwilas83]

Complete view on my side shows 0 of everything but my portfolio still shows my position. Regardless we all get screwed. What a ride since 2018 to end with this crap. lol

[Niloki]

My E*TRADE shows a 559M % increase right next to my total asset value. lol! Bunch of scumbags. Karmic retribution will be hefty

[Winegeeker]

Im using Etrade also, it says i have holdings but shows 0 shares and shows a net gain of my shares values but not available as cash yet

[Ckwilas83]

Etrade still shows the shares in my portfolio so I am sure they will be gone today or tomorrow. Then not too sure how long the cash payout will be.

[Winegeeker]

Its all over, my shares are gone, just waiting for the cash to show up. What a ripoff that was from the company, these are worth at least 3 cents they got them at 90% discount

[trades4you]

"Making Science Group Announces the Closing of its Acquisition of United Communications Partners, Inc."
https://www.prnewswire.com/news-releases/making-science-group-announces-the-closing-of-its-acquisition-of-united-communications-partners-inc-302230869.html

[ap17]

Freeze out merger sounds familiar:

To complete freeze-out merger, the acquiring company first creates a new corporation, which it owns and controls. The acquiring corporation then makes a tender offer at an amount slightly higher than the current target corporation' stock price. If the tender offer succeeds, the acquirer gains control of the target and merges its assets into the new subsidiary corporation. In effect, the non-tendering shareholders lose their shares because the target corporation no longer exists. In compensation, non tendering shareholders get their right to receive the tender offer price for their shares. The bidder, in essence, gets complete ownership of the target for the tender offer price. Because the value the non-tendering shareholders receive for their shares is equal to the tender price (which is more than the premerger stock price), the law recognizes it as fair value and non-tendering shareholders have no legal recourse. Under these circumstances, existing shareholders will tender their stock, reasoning that there is no benefit to holding out: if the tender offer succeeds, they get the tender price anyway; if they hold out, they risk jeopardizing the deal and forgoing the small gain. Hence the acquirer is able to capture almost all the value added from the merger and, as in the leveraged buyout, is able to effectively eliminate the free rider problem. This freeze-out tender offer has a significant advantage over an LBO because an acquiring corporation need not make an all-cash tender offer. Instead, it can use shares of its own stock to pay for the acquisition. In this case, the bidder offers to exchange each shareholder's stock in the target for stock in the acquiring company. As long as the exchange rate is set so that the value in the acquirer's stock exceeds the pre-merger market value of the target-company stock, the non-tendering shareholders will receive fair value for their shares and will have no legal recourse.

[Renee]

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

[Winegeeker]

It says was expected mid august, so maybe today

[Niloki]

I would imagine not one day before they absolutely have to. Bloody snakes

[Ckwilas83]

Any clue when the payout will be? EOM? EOY?

[trades4you]

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

[ap17]

Exactly why a record needs to be made. SEC complaint and litigation will solve their reporting issues.

[Winegeeker]

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

[Niloki]

Interesting. Can’t find trekronors instagram anymore.

[ap17]

No doubt.

[trades4you]

After paying out old shareholders they will probably run this to .03 min again. Wait for it...

[ap17]

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.

[yeababy39]

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!

[ap17]

Dissenting will preserve claims for later recourse, make no mistake.

[Winegeeker]

Correct it applies to everyone no matter how you voted. Majority rules

[Ckwilas83]

Even if people voted No and dissented, correct?

[ap17]

no idea

[stocks98]

How long will it take to get the money.are you sure it’s automatic?

[lakers17]

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.

[Winegeeker]

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

[ap17]

Not at this point, but once they complete the "squeeze out" they can let it run. I dissented, AND filed an SEC complaint.

[stocks98]

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?

[Niloki]

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

[stocks98]

Is there some sort of process that we would need to do to at least get the .0029 per share? Really frustrating

[ap17]

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/

[ap17]

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.

[Ckwilas83]

When will this all pay out? I doubt we will get a class action lawsuit going, etc

[ap17]

If he thinks it would go class action, YES.

[ap17]

If he thinks it would go class action, YES.

[lakers17]

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.

[J1989]

So we all got screwed here … seems like same thing is going on at rxmd … how is it legal ??