URHY SEC SUSPENSION
URHY is severely delinquent in filing the company's Financials. The stock is at risk of an SEC Suspension and subsequent stock registration revocation.
Hey, Pistol. What is going on with this URHY?
Was looking at sustainable agriculture ideas and saw this one, but there seems to be no real news recently.
Are you interested in this one?
URHY Security Details
Market Value1 $34,800,000 a/o Nov 19, 2015
Authorized Shares 300,000,000 a/o Nov 03, 2014
Outstanding Shares 34,800,000 a/o Sep 30, 2015
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 12,400,000 a/o Nov 12, 2014
Par Value 0.001
Island Stock Transfer
Shareholders of Record Not Available
Ex. Date Record Date Pay Date
Dividend (0.00) Jun 20, 2014 Jun 19, 2014 Jun 19, 2014
Dividends are not adjusted for stock splits
Capital Change=shs increased by 20 for 1 split. Ex-date=06/20/2014. Rec date=06/19/2014. Pay date=06/19/2014.
Short Selling Data
Short Interest 3,200 (33.33%)
Oct 30, 2015
Significant Failures to Deliver No
I would like to step back in time and look at my post here and talk a little more about the entity controlled by the officers and a pointed council by elected board members by equity holders of the company so suggested by the members of the entity I'm in reference too.
What I'm going to do is show how this entity is nothing but the acting CEO of the public entity traded and how wages of these individuals paid an be justified and how there names are never revered to the public but in entity name only.
First of thing one has to look at is the education status behind the CEO were when it is so high they will often split the duty and add another acting CEO "entity" to make it all believable. The fact is the education background is held by nothing less then a 12 member board of directors of this entity in question depending on the size of the debt and assets under there liability interest.
Because this secret entity held under a CEO fictitious then comes into question shares held and reported is none other then shares controlled by this entity in question as a collective group of individuals that must be removed from the collateral debt or there interest in the collateral debt shown.
You can see how all the board of directors and officers can be nothing more then entities with an acting spokes men for the entity in question but has no financial input or outcome to the company it self. There has been cases were they will use a criminal in the system as there spokes person or fall guy if you like and what better fall guy then a guy in jail already for a white collar crime.
let the game's begin.
Game rules: Capital surplus is nothing more then depreciated assets and there returns should they be unlocked by revenue created by one the selling of shares above there market value ie asset worth after debt is considered as well one has to consider administration charges as income working backwards on liability debt and the freeing up of collateral debt held.
Assets as collateral is only worth its whole take example a car used as collateral to debt worth half its value the car still has to be sold but the remaining proceeds after it is sold will go back to its owners.
Now lets look at the other loss's associated with the selling of the assets and that is the loss revenue and any potential gain from unlocking depreciated assets that can be sold on the open market but at today's depressed prices it is going for 10 cents on the dollar.
So what banks are doing is putting in there own people in control taking an equity position and leasing back the portion of the collateral not taken into equity and creating a larger margin position for the product or service for the business as well for there interest loss they have taken a portion of the depreciated assets to off set any gains they may get from the market place in selling there equity position to unlock the depreciated assets in question.
Because banks are associated or very much connected to the government they are not allowed to take advantage of market conditions as far as depressed depreciated assets that are supported by government to help stimulate growth through R&D development so any proceeds unlocked other then what is owed will go back into the hands of the owners as other collateral assets do.
The question left to investors is can depreciated assets be used as collateral should there be revenue to unlock the assets potential to grow the company?
Let the game begin.
Don't forget guys the officers will set up there own entity and because they are responsible for the debt they will leverage the assets of the company by borrowing those assets and for that they will issue restricted shares of this entity held in there good name while holding the assets they borrowed for collateral for the debt take that money and loan it to the company at interest paid to the bank plus 3% to the company for administration charges of the loan and the liability risk associated to the loan should the assets used for collateral fall short.
Many times when collateral falls short they must but up there own collateral in homes, cars ect. to cover the short fall. Should this happen an extra charge will be administrated and if they can't manage this there will be a third party BK proceedings chapter 11 that involves the company assets that were borrowed for collateral by administration of elected council officials of the shareholders.
I won't pay a $1 but for $.10 I would consider. I don't pay for depreciated assets and being there is no revenue yet and that depreciated assets at a long time low for selling she is a trader in my eyes and that is all on speculation on the depreciated assets.
Not sure but it looks like thier making progress. MM is on the ask now, even though it not a true quote, that was not there last week.
any idea when this will start actually trading?
NAME/SYMBOL CHANGE EFFECTIVE 7/10/14
07/09/2014 12:49:26|S2|URHY|PDMT|Urban Hydroponics, Inc. Common Stock|Placer Del Mar, Ltd. Common Stock|07/10/2014|**|||u|Y|100|Y
Urban Hydroponics, Inc.,
Name change /AS increase /20:1 FWD split reference,
We are engaged in discussions with Urban Cultivator Inc., a British Colombia corporation (“UC”), BC Northern Lights Enterprises Ltd., a British Colombia corporation (“BCNL”), and W3 Metal Inc., a British Colombia corporation (“W3,” and together with UC and BCNL, “Borrowers”), regarding a possible business combination involving these three companies. At this stage, no definitive terms have been agreed to and none of the parties is bound to proceed with any transaction. We will change our name to “Urban Hydroponics, Inc.” to facilitate the proposed transaction. If the parties determine not to proceed with the business combination, we will change our name back to Placer Del Mar, Ltd. or adopt another name.
Urban Hydroponics, Inc.
Adam Gottbetter /Domain registrant
Urban Cultivator Inc.
BC Northern Lights Enterprises Ltd.
03/07/11: Today PDMT has been upgraded from the GREY MARKET to the OTCQB Exchange Tier.
Trading has yet to commence and I will be updating the I-Box as soon as more information becomes available.
Obviously something is in the works here or there would be no need to effect such a Tier Change.