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United Rail Inc. (URAL) RSS Feed

Followers
250
Posters
Posts (Today)
0
Posts (Total)
24250
Created
12/09/09
Type
Free
Moderators


URAL
(formerly known as XTRN)


Formerly trading as XTRN, United Rail, Inc. (URAL) described itself thusly:

United Rail, Inc. is in the business of acquiring short line railroads in the passenger operations sector . The company has been active in this space for five years. It has operated the Santa Fe Southern Railway, WSRY, X Wine Railroad. It also owns the Las Vegas Xpress, Inc. on the planned LA to Vegas X Train service as well as Key Holidays, the longest running Casino passenger train service in the country. The Company is a profitable operation and has an acquisition program currently underway to acquire three passenger rail properties.

However, this is no longer the case! As of 12/15/2019, URAL is now a clean trading shell with less than $10,000 in debt/liabilities! All of the shell's liabilities were assumed by "United Rail" (a separate private corporation), in exchange for its assets, as can be seen here.

"On December 15, 2019, United Rail, a Nevada private corporation, acquired rail projects from United Rail, Inc. The consideration for this acquisition was assuming liabilities associated with the projects: convertible notes of $781,259, accounts payable of $133,660, accrued expenses of $159,826, accrued interest of $227,041 and accrued payroll of $368,790.Based on that the balance sheet as of December 15, 2015, hasbeen adjusted as reported in this supplemental statement on 12/18/2019, to reflect the acquisition."

 The principals are now looking to sell the shell, seeking legitimate candidates for a reverse merger.
 
URAL Security Details
Share Structure
Authorized Shares: 5,000,000,000
Outstanding Shares: 3,701,811,906
 
Contact Info
 
9480 S. Eastern Ave # 205
Las Vegas, NV 89123
702/583-6715
www.unitedrailinc.com
barron@unitedrailinc.com
 
Investor Relations Firm
 
 
Pacific Equity Alliance, LLC.

4151 Mission Blvd
Suite 216
San Diego, CA, 92014
United States
 

 

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URAL Latest News
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