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Good story kezzek and proves what we have all been saying about this UCHB acquisition from the beginning, it's just another MOM and POP Gem Stone operation!
Well I guess LW and his wife can move up to Montana and just just PAN away since they are now Bankrupt!
Where is your PROOF that the WD was recorded. Last Chance posted that Warranty Deed in post # 6108 but it seems it was never recorded!
If UCHB paid 140 grand, where is the PR or SEC filing?
It sounds to me like you've been calling the company and believing all the lies they tell you!
Make them send you an email instead, that way you will have proof of their lies so you can sue them!
These guys also think it's a good time to buy.
http://blogs.barrons.com/stockstowatchtoday/2010/10/27/bac-standpoint-says-buy-foreclosure-sell-off-overdone/?mod=yahoobarrons
You called it right overachiever, way back on June 2, 2009. Now we know why UCHB/LW didn't give us the location of his GREAT MINE, of corse we knew all along that this is what it would turn out to be, just a hobby mine!
OC 6/2/2009 post;
"What is the location and name of this "mine"? Wilcox the scammer only tells us it is in the Helena Montana area. There are lot of hobby mines in that area and they sell the junk sapphires they find there in grab bags to tourists.
This is another hilarious Wilcox scam.
The reason the sapphires are not mined commerically in that area is because of the high labor costs here in the US and the fact that the gem grade yield is so low. The fact that these stones can not be heat treated further lowers their commercial viability.
Another money losing scam from the same retarded dunce that has lost over 18 million dollars here over the past few years and never produced dollar one in profits. ."
"First they say uchb did not own the property ....now they say they are not registered ....what next"
Did you not read my post # 6112 where I said "Well now it looks like UCHB will be in the MOM and POP business of selling buckets of gravel! Good luck with that!
AS for registered, you mean Recorded. So why was it NOT recorded?
As for "What next", where are the mining permits you claim they have?
And why didn't UCHB give their investors all this info we have dig up! Instead of making all these wild claims, just give us the details and proof! What happened to trust and transparence? But then look who got caught defrauding people? The company CEO, LW!
"Let us wait for the announcements."
And just when will that be? A year from now?
"On that same day, July 9 2010, Nina Pullman, Bruce Scharf, and EZ Rocks 4U completed (but did not record) a Warranty Deed transferring the property to “UC HUB, Inc.”
I wonder why they didn't RECORD the Warranty Deed transferring the property to “UC HUB, Inc.”
Lets see, could it be that Larry Wilcox didn't want it recorded so nobody could find what MINE he was PUMPING!
NAW! Larry's an Honest guy and would never mislead or defraud anyone, RIGHT!
Ikingulu, Thanks for all that helpful info that I'm sure helped LC to find what UCHB has been hiding from us ever since they PRed the acquisition of the Sapphire mine. I bet UCHB will not be to happy about that though. Thanks Again!
"UCHB has some worth 4500$. there are some that sold this week over 1200$"
I'm sure UCHB does have some Gems worth that because they already stated that in an earlier PR
"UC Hub has agreements pending or in force with certain miners and gem entities to purchase all production from their mines. In recent months, the Company has accumulated over 5,000 carats of sapphires, which are now being cut and prepared for sale through one of several ready markets. Based upon industry wholesale pricing, which grades individual gems according to the size, the carats, cut and clarity, the price of these stones range from $600 to several thousand dollars per carat for Natural Montana Sapphires. The Company also has some placer gold (several ounces) and approximately $25,000 of additional cut sapphires for potential buyers whom are in discussions with the Company."
Now these stones they accumulated were from other mines in the area.
Notice UCHB's Consolidated Balance Sheet for the Quarter Ended April 30, 2010
Under CURRENT ASSETS
Gem Stones $30,000
INVESTING ACTIVITIES
Gem Stones ($30,000)
So UCHB bought $30,000 worth of stones. Why would they buy gem stones if they had their own!
"The whole mine cost 140 000$... Difference between mines and permits...."
The Mine cost $10.00! Now expenses to mine may be up to $140,000. Now if you are saying permits cost 140 Grand, please post a detailed accounting showing what the permits cost and just what permits they have, if they have any permits, to prove what you are saying, or did you just pull that number out of the thin air?
Great post LC! I knew there was a very good reason that UCHB wouldn't name the people and the exact mine they were dealing with. These scams never give the details needed to properly DD acquisitions like this because the investors wouldn't fall for the PUMP, and the DEVIL is always in the DETAILS! I'M sure Larry Wilcox used his celebrity status to make these folks think that he could make them rich by developing this mine.
Well now it looks like UCHB will be in the MOM and POP business of selling buckets of gravel! Good luck with that!
"Do your dd on the new gems being sold."
I did my DD and can't find any Gems or Gold being sold by UCHB.
"I believe you received info on it if I am not mistaken."
If you are talking about post 6099 and the link to "The Natural Sapphire Company",
where do they say their sapphires are from UCHB.
Now UCHB may be selling those Gems they bought from other miners in the area
but they were not from the UCHB mines.
If the UCHB mines were in production, where's the PR!
OH NO! Someone just bought $19 worth of UCHB and we are up 25%. WOW what a great stock! SCAM!
"I can even email you the permits from the mine"
Why email them, JUST POST THEM HERE!
"Because I am sure you might have already contacted
Call Bill Macbride , the mining attorney
406 442 8560 is Gough Shanahan Johnson and Waterman – legal firm they used to buy the Mine.
Or
Russell T Gowen President
Helena Abstract and Title Company
P.O.Box 853 Helena Mt. 59624
phone 406-442-5080
fax 406-442-6179
e-mail rtgowen@helenaabstract.com"
I have no idea as to what you are babbling about! What does this response have to do about my post # 6100.
Where does it say; "from UCHUB's inventory"
Under DESCRIPTION, it says, "From Missouri River Mining."
And where on UCHB do they claim ANY inventory. They did say in a PR that;
"UC Hub has agreements pending or in force with certain miners and gem entities to purchase all production from their mines. In recent months, the Company has accumulated over 5,000 carats of sapphires, which are now being cut and prepared for sale through one of several ready markets. Based upon industry wholesale pricing, which grades individual gems according to the size, the carats, cut and clarity, the price of these stones range from $600 to several thousand dollars per carat for Natural Montana Sapphires. The Company also has some placer gold (several ounces) and approximately $25,000 of additional cut sapphires for potential buyers whom are in discussions with the Company."
Now these stones they accumulated were from other mines in the area.
Notice UCHB's Consolidated Balance Sheet for the Quarter Ended April 30, 2010
Under CURRENT ASSETS
Gem Stones $30,000
INVESTING ACTIVITIES
Gem Stones ($30,000)
So UCHB bought $30,000 worth of stones. Why would they buy gem stones if they had their own!
The proof is right their in that filing!
If you know how to get a HARD COPY of the UCHB mine, why haven't you got one and posted it here for all to see and real Proof?
Or is it in another company's name, the one operating things for UCHB!
Remember this PR (See below) where it states; "shared revenue" and we keep hearing about another company actually doing the work. Also the below PR they stated; "The Company believes that
potential production could begin as soon as late June, or early July 2009."
Well here we are coming up on 2011 and NOTHING!
And the reason they aren't mining is probably this, where the NY Times UCHB article states "Meanwhile, the company has not been permitted (Meaning no mining PERMIT) to mine in Montana, according to a spokeswoman for the Montana Department of Environmental Quality."
Now we all know you have to get past the "Environmental Quality" which takes years in most cases before you can mine!
UC Hub Group Announces Agreement for Montana Gold and Royal American Sapphire Property
Wednesday, May 27th 2009
UC Hub Group, Inc. announces the signing of a binding letter of intent agreement to mine the gold and sapphire mine near Helena, Montana in exchange for shared revenue. Formal contracts are being prepared this week by counsel for execution. The Montana mine will produce revenue from gold and sapphires and will allow UC HUB to place the UC HUB Gold Wash Plant on the private property to begin mining known reserves with past gold production history. The past production of gold and or analysis represents about .10 oz per ton to .010 oz per ton. UC HUB anticipates a production of up to 100 tons per hour at this mine. In addition to the gold wash plant, there is an existing Sapphire Wash Plant in place on the 100 acre plus private property mining site in the famous mining area of the El Dorado Bar. In the meantime, UC HUB has graded the gold wash plant site and will begin placing its newly acquired wash plant and related equipment in this area for actual gold production. Some of the equipment arrived today at the site in Montana. In the 1990s the historic and famous geologist Rafal Swiecki made some very remarkable claims about the carats per acre of sapphires in this El Dorado Bar area.
The Gold for this area has historic production reports provided to the U.S. Government. When you combine gold and sapphires from 100 plus acres of land the economics imply a greater level of “optimism” than experienced heretofore. This property is a new and independent deal and a sole result of UC HUB’S aggressive strategy supporting efficiency models with a focus on timely and valuable revenue streams. This property has moved to the front of the line with respect to our mining efforts.
This is exactly the kind of strategy management referred to in the past shareholder updates. The company will have the opportunity to have one parcel of private land, two mining plants, and the potential of multiple shared revenue streams from gold, precious and the very rare sapphires that are not heat treated from this special Lewis and Clark County in Montana. This newly negotiated deal, by UC HUB, will now become the priority of the Company. Management believes it was important to find strategic partners who are ready to begin mining, who have expertise in sapphires and gold, and who have completed due diligence previously. Establishing UC Hub Group with its own mines complemented by dual revenue centers is key to the Company’s objective to produce timely revenue. Management is in discussions and has its representative on site today working on the grading and preparation of the site. The Company is working closely with the owner on this Joint Venture this week, while counsel is finalizing the formal contract. The Company believes that potential production could begin as soon as late June, or early July 2009.
Once again, management would like to thank the time honored shareholders for their patience and trust. The Company now believes that it has an excellent gold and sapphire revenue potential that provides a map for the company’s future.
Talk about WRGL manipulation! It has traded down with thousands of shares traded this AM with very little price movement. The ask was at .029 and some one bought 200 shares at .0475 for less than $10 in order to get the share price up. SCAM written all over WRGL!
"Larry is gone, this will be a new company. what do you have against the new folks if you don't even know who they will be and what the new company will do."
Well of corse Larry is gone but a new company? Larry wasn't the company, he just ran it's business which has not changed.
And as for being against the new folks, where have I said that? How can you and I be FOR or AGAINST them if you don't know who they are or will be. Now if they keep the same business that UCHB is currently in, well then I guess the SCAM will continue. I'm sure it will be business as usual!
"That is why the company is still trading and had to replace him."
What do you mean by "the company is still trading and had to replace him."
Larry Wilcox was the sole officer of UC Hub Group, Inc. and he resigned as part of his plea deal with the SEC.
NEWS 14-Oct-2010
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers.
On July 2, 2010, Larry Wilcox, the sole officer of UC Hub Group, Inc. resigned. He also resigned as a Director of the Company. The current Director, Andrew Mercer, is evaluating potential candidates for the title of President of the Company as well as the positions of Treasurer and Secretary.
Contact:
Andrew Mercer
Director, UC HUB GROUP INC
"It looks like when one thing is proven, then pops up another non-issue"
What has been proven? Nothing! Saying that; "Helena Montana is the Helena Abstract and Title Company that handled the transaction with the local legal and mining counsel there" doesn't prove a thing! Where's the documents! They are public info you know! If you know that they are there, PROVE it by posting the the documents with UCHB'S name on them!
I'm confused alright because I can't find any land or mines in Montana ACQUIRED and RECORDED in UCHB's name. Now since you say it's RECORDED, it would be public knowledge. Please post it! Who was the LEGAL firm that you refer to?
Who did the mine tests? Where's the lab report for these tests?
The only pictures I see on UCHB'S website showing mining equipment are pictures of the same old worn out rusty equipment that they showed at the wickenburg mine just sitting around. If it's all set up for mining they should put up new pictures showing that.
You say; "FWIW, the oil wells are recorded in the City of Robinson Illinois in the County Recorder’s office with Rector Drilling and UC HUB and the land UC Hub OWNS in Montana."
Could you please post a LINK to this info since it's public info, showing UCHB on the deeds with Rector Drilling! And just why would the Montana land be recorded in Illinois?
"If you think the pr is a lie, then please report it to the proper athorities."
I've already done that! Anything else you need me to do concerning UCHB?
"It seems that you are sour and perhaps that's from losing money. I'm truly sorry if that's the case. But that's the nature of the market and if you can't handle it then perhaps it's better to not be investing, especially on pink sheets. "
Sorry but I don't buy Pink Sheet stocks. My bet is that you are a very young person! Live and learn my friend!
"A pump & dump generally happens in a matter of days, not a gradual growth over 1-2 month period."
Got a link to that theory? I've seen P & D's that went on much longer than this one, in fact WRGL'S last one started around Oct. 8, 2008 at the .01-.02 range, peaked around June, 9, 2009 in the .47 area, went down some and peaked again around July 9, 2009 at around .43 area, then fell to .20 in just a few days then drifted back down to the .01-.02 range where this last pump started.
Now this one may stager around up and down until the new bunch wises up.
Go back to 2005 (WRGLS first filing) and check all of their annual reports up to the present for REVENUE. Guess what? NOT ONE PENNY REPORTED!
Now each pump started with great sounding businesses and PR'S but ALAS! Not one red cent of revenue!
You then say;"At least it looks like these guys are trying to push forward and do good things with ACES online education solutions."
That gets said every time they start a new PUMP!
WRGL took 23 days to go from .04 to .09 but it only took five days to go back to .04. Where will it stop? Probably back to the .01-.02 range where it started unless they put out another PUMP PR!
"The volume of the stock just doesn't support a PD. WRGL went up over 800% in the past month."
Could you please explain your reasoning on the above statement! The volume and price movement is very typical of a pump and dump. Look at a 2-3 month chart, a steady movement up for a couple of months, the PUMP faze, and then a very sudden drop, the DUMP faze.
WRGL also still has that dreaded WARNING sign and says in part; (See below) " you may unwittingly be relying on BOGUS pricing and FALSE promotional information from SPAM email or faxes. Worse yet the individual placing the order – while appearing as an unsolicited member of the general public – may actually be in LEAGUE with the FRAUDSTERS. That’s frequently how the FRAUDSTERS GET THE PUBLIC MARKET STARTED OUT OF THE BLUE, and how they are able to GENERATE THE APPEARANCE OF INVESTOR INTEREST AND TRADING VOLUME."
NOW, does the above description look and sound familiar?
Now that's why I posted this prediction a couple of weeks ago! "Looks like WRGL is getting ready for it's next PD. UP several cents on no REVENUES, just HYPE!"
FRAUDSTERS just "GENERATED THE APPEARANCE OF INVESTOR INTEREST AND TRADING VOLUME."
Here again is the WRGL WARNING sign "Unsolicited Quotations"
http://www.otcmarkets.com/stock/WRGL/quote
When you see the word “unsolicited” as part of a stock quotation page on a website such as the Pink Sheets (marked as “unsolicited”), you should be aware that the quote is not necessarily a market maker’s own quotation reflecting a price based on market conditions or current information about the company being quoted. Instead, it is a quotation that a market maker posts to reflect an unsolicited order by a customer. So, if you and anyone calls his or her broker, or places an on-line order for the stock – without the broker’s promotion of the stock to that individual – that order would be posted at the customer’s own designated price and marked as an “unsolicited” quotation. It is important to be aware that the individual placing such an order may not be relying on current information about the company – which is vitally important before making an informed investment decision. The individual may unwittingly be relying on bogus pricing and false promotional information from spam email or faxes. Worse yet the individual placing the order – while appearing as an unsolicited member of the general public – may actually be in league with the fraudsters. That’s frequently how the fraudsters get the public market started out of the blue, and how they are able to generate the appearance of investor interest and trading volume. So when you see the word “unsolicited” in reference to the quotation’s status, you should be cautious and find out whether there is current information about the company before you buy or sell the stock.
You also have this on page 17 of this filing:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7123878
"The Company may have additional expenses of $25,000 and plans on raising that capital through investors that will share in the royalty of such wells. A royalty share agreement is used as a perceived tactic which should preclude dilution and is a strategic move to protect the longevity while potentially providing an upside to the shareholder. The Company is in discussions with three groups regarding funding of the operations."
So these investors are putting up UCHB expense money for these projects and get paid back by a "royalty share agreement!" In other words the only people to make any money are those loaning money to UCHB and the shareholders are left out!
You are correct. UCHB doesn't own a mine or oil wells. Like you say, "They might have some agreements with various land owners to split the profits… or something like that."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55761538This UCHB PR states;
"Montana Mine - The gold and sapphire mine UC Hub owns in Montana is a tremendous asset and should be a large income producer for the company."
According to a spokeswoman for the Montana Department of Environmental Quality, UCHB does NOT have a permit to mine in Montana.
If UCHB “OWNS” a Mine in Montana as they claim, please post verification for investors as to it’s location and mine registration number, JV Partners, etc.
I see UCHB'S new CEO Andrew E. Mercer has also had some very questionable run-in's with the law!
In this case it was with the California Corporations Commissioner.
It seems he's no better than Wilcox when it comes to honesty and Intelligence. I take it that this is who loaned all that money to UCHB recently.
http://www.corp.ca.gov/ENF/pdf/2008/Mercer_dr.pdf
State of California - Department of Corporations
TO:
STATE OF CALIFORNIA BUSINESS, TRANSPORTATION AND HOUSING AGENCY
DEPARTMENT OF CORPORATIONS
Andrew E. Mercer, President The Mercer Group, Inc. 2421 Fenton Street Ste. A Chula Vista, CA 91914
DESIST AND REFRAIN ORDER (For violation of sections 25210 and 25401 of the Corporations Code)
The California Corporations Commissioner finds that:
1. The Mercer Group, Inc. (“TMG”) is a corporation incorporated under the laws of California on November 26, 1997. Its principal place of business is at 2421 Fenton Street Suite A, Chula Vista, CA 91914. It maintains a website at www.themercergroup.biz. Andrew E. Mercer is the president and control person of TMG.
2. TMG owns equity interests in several companies, including Paradigm System Solutions Inc. (“PSSI”), a company in the computer business. TMG issues and sells securities in the form of interests in a limited liability company, TMG Holdings, LLC (“TMG Holdings”). TMG Holdings shareholders receive dividends in the form of shares of stock in companies including PSSI.
2. From at least November 2006 through March 2007, Mercer and TMG offered and sold shares of TMG Holdings to investors with the understanding that investors would receive both TMG Holdings shares and PSSI shares. Mercer and TMG used the funds invested by TMG Holdings investors to purchase PSSI shares and then distributed the PSSI shares to those investors.
3. The shares of stock in PSSI, which were purchased using TMG Holdings’ investor funds and then distributed to TMG Holdings investors, were securities within the meaning of
-1-
DESIST AND REFRAIN ORDER
State of California - Department of Corporations
Corporations Code section 25019. In purchasing PSSI shares for TMG Holdings shareholders, Mercer and TMG acted as broker-dealers within the meaning of Corporations Code section 25004.
4. Neither Mercer nor TMG has obtained from the California Corporations Commissioner a certificate to act as a broker-dealer. Neither Mercer nor TMG is exempt from the certificate requirement.
5. In offering and selling the securities of TMG Holdings and PSSI, Mercer and TMG failed to disclose that in 1996, Mercer’s registration had been suspended by the National Association of Securities Dealers, Inc. (“NASD”), which has now been replaced by the Financial Industry Regulatory Authority (“FINRA”), for failure to pay an arbitration award in an arbitration case brought against him in his capacity as president of Devcon Land Corporation.
Based upon the foregoing findings, the California Corporations Commissioner is of the opinion that Andrew E. Mercer and The Mercer Group, Inc. have effected transactions in securities as broker- dealers without having first applied for and secured from the Commissioner a certificate authorizing them to act in that capacity, in violation of section 25210 of the Corporate Securities Law of 1968. Pursuant to section 25532 of the Corporate Securities Law of 1968, Andrew E. Mercer and The Mercer Group, Inc., are hereby ordered to desist and refrain from effecting any transaction in, or inducing or attempting to induce the purchase or sale of, any security in this state, including but not limited to shares of stock in another company, unless and until they have applied for and secured from the Commissioner a certificate, then in effect, authorizing them to act in that capacity, or unless exempt.
Further, the California Corporations Commissioner is of the opinion that Andrew E. Mercer and The Mercer Group, Inc. offered or sold securities in this state by means of written or oral communications which included an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements made, in the light of the circumstances under which
-2-
DESIST AND REFRAIN ORDER
State of California - Department of Corporations
they were made, not misleading, in violation of section 25401 of the Corporate Securities Law of 1968. Pursuant to section 25532 of the Corporate Securities Law of 1968, Andrew E. Mercer and The Mercer Group, Inc. are hereby ordered to desist and refrain from offering or selling any security in the State of California, including but not limited to interests in a limited liability company and stock, by means of any written or oral communication which includes an untrue statement of material fact or omits to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading.
This Order is necessary, in the public interest, for the protection of investors and consistent with the purposes, policies, and provisions of the Corporate Securities Law of 1968.
Dated:
October 8, 2008 Los Angeles, California
By:
PRESTON DuFAUCHARD California Corporations Commissioner
ALAN S. WEINGER Acting Deputy Commissioner Enforcement Division
-3-
DESIST AND REFRAIN ORDER
"Let people buy if they want to buy and sell if they want to sell.Let everyone have their own opinion as to what is going on behind the scenes"
UUHHH, I think that is what is happening here. Nobody is preventing anyone from buying or selling. And as far as I can see, everyone is voicing their own opinions as to "what is going on behind the scenes".
"Got in & am also watching my portfolio grow. Looking good."
Been watching your PORTFOLIO grow lately? Not looking good!
Well it looks like WRGL'S latest PUMP is over and now in the DUMP phase!
We find this in the PR about the UCHB oil wells: "Oil Wells - The producing wells collectively are producing 6-10 barrels a day. In today’s market it makes them cost effective to run and operate. The well that is being drilled currently is getting ready to go on line. The well appears to have production potential in the range of 20 to 30 barrels a day however, actual volumes cannot be defined until the well is pumping online. The driller did verify oil in 2-3 pay zones and is optimistic about other new wells on the 400 acre lease. With today’s oil prices this could be a very profitable oil well along with the potential of several offset wells in the future and the possibility of up to 20 wells on this lease."
But then we have this from the NY Times article;
"In Illinois, there are no active drilling permits for either the UC Hub Group or the Illinois-based drilling company that it described as its partner, according to a spokeswoman for the Illinois Department of Natural Resources."
Where is the PROOF that UCHB has what they claim. Maybe the SEC and the FBI need to dig deeper into this UCHB SCAM!
They also forgot to buy @ .0014 (instead of .0012) which was yesterdays close.
More from the PR;
" In the company's test run of the virgin soil, (never been mined) they have extracted approximately one ounce of gold, possibly more, per 100 yards of dirt, and one half ounce to one and one half ounces of gold per 100 yards of dirt in the tailings (previously mined). This is very meaningful for the company and its shareholders and will potentially help the bottom line very effectively.
Sapphires - Through the test run of the virgin soil the company was only looking for the gold however, their manager took a small sampling of the soil that was run through the wash plant (2½ gallons) to sift through for sapphire content. In the 2½ gallon (one half a 5 gallon paint bucket) the manager extracted 239 carats of sapphires and one of the sapphires was 13.3 carats. Montana pricing sapphires that are large stones range in wholesale cut pricing of $600 per carat to several thousand dollars depending on the 4 Cs which are carat, clarity, cut, and color. This is outstanding as the company produces multiple sapphires larger than 4 carats. In previous tests of the mines tailings the company has estimated 10 to 20 carats of sapphires to one yard of tailing material."
"one of the sapphires was 13.3 carats" and what were the other 3 Cs, clarity, cut, and color?
They sort of forgot to mention that, just like they didn't mention the real reason Larry left!
It's a well know FACT that there is lots of sapphires in the Montana gem mines but most are industrial grade. Also it's well known that it's to expensive labor wise and permit wise to mine in Montana compared to other regions of the world.
How about the gold found? Who took the samples? Where are the lab reports?
This sounds just like the way they took samples from the Wickenburg mine where they said they found lots of gold but it was all a big SCAM just like these mines are!
This UCHB PR states;
"Montana Mine - The gold and sapphire mine UC Hub owns in Montana is a tremendous asset and should be a large income producer for the company."
According to a spokeswoman for the Montana Department of Environmental Quality, UCHB does NOT have a permit to mine in Montana.
If UCHB “OWNS” a Mine in Montana as they claim, please post verification for investors as to it’s location and mine registration number, JV Partners, etc.
UCHB finally put out a PR! Nothing much new though. This line caught my attention though; "Larry Wilcox has left the company for personal and health reasons"
Why don't they just tell the truth! Everybody knows what happened to Larry already. Typical for them not to mention what really happened though, just like everything else UCHB does.
http://www.pr.com/press-release/268131
UC Hub Update on Operations
To inform the current status of UC Hub and its operations.
San Diego, CA, October 18, 2010 --(PR.com)-- UC Hub (OTC Bulletin Board: UCHB.PK) is working diligently on their mining and oil well.
Montana Mine - The gold and sapphire mine UC Hub owns in Montana is a tremendous asset and should be a large income producer for the company. All of the tests have shown that the mine should be prolific in El Dorado Bar, Missouri River sapphires, some of the best sapphires in the world and well enriched with gold. In the company's test run of the virgin soil, (never been mined) they have extracted approximately one ounce of gold, possibly more, per 100 yards of dirt, and one half ounce to one and one half ounces of gold per 100 yards of dirt in the tailings (previously mined). This is very meaningful for the company and its shareholders and will potentially help the bottom line very effectively.
Sapphires - Through the test run of the virgin soil the company was only looking for the gold however, their manager took a small sampling of the soil that was run through the wash plant (2½ gallons) to sift through for sapphire content. In the 2½ gallon (one half a 5 gallon paint bucket) the manager extracted 239 carats of sapphires and one of the sapphires was 13.3 carats. Montana pricing sapphires that are large stones range in wholesale cut pricing of $600 per carat to several thousand dollars depending on the 4 Cs which are carat, clarity, cut, and color. This is outstanding as the company produces multiple sapphires larger than 4 carats. In previous tests of the mines tailings the company has estimated 10 to 20 carats of sapphires to one yard of tailing material. Currently, they company has an estimate of 484,000 cubic yards of tailings piled on top of the ground ready to mine. This Mine is a very significant asset for the company contingent upon our tests and comparatives in the adjacent areas.
Oil Wells - The producing wells collectively are producing 6-10 barrels a day. In today’s market it makes them cost effective to run and operate. The well that is being drilled currently is getting ready to go on line. The well appears to have production potential in the range of 20 to 30 barrels a day however, actual volumes cannot be defined until the well is pumping online. The driller did verify oil in 2-3 pay zones and is optimistic about other new wells on the 400 acre lease. With today’s oil prices this could be a very profitable oil well along with the potential of several offset wells in the future and the possibility of up to 20 wells on this lease.
Now that the above real assets are in place and the equipment purchased Larry Wilcox has left the company for personal and health reasons and new management is being reviewed while the Board and UC Hub is currently looking for a new CEO and President.
This Shareholders’ Letter contains statements that constitute forward-looking statements made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements. Factors that may cause or contribute to such differences include, among other things, changes in business conditions and the economy in general, changes in governmental regulations, unforeseen litigation, the impact of competitive products and services, competitive pricing, demand and market acceptance, changes in technology, reliance on key strategic alliances, availability of raw materials, fluctuations in operating results and other risk factors including, reliance on third parties. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor can it assess the effect of each such factor, especially from third parties, on the Company’s business or to the extent to which any such factor, or combination of factors, may cause actual results to differ materially from those contained in any forward- looking statement.
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It is funny to watch these clowns buying $10-15 worth of stock at the end of the day. I wonder who they think they are kidding! They must be kidding some here though because it seems some here think GGMC is a legit stock!
"WRGL just keeps on going up!"
Not today! Look out below!!!!!
Why did the GREAT CEO of MCDA Ron Ritter not keep adequate current information on Pink Sheets and allow MCDA to get their coveted CAVEAT EMPTOR (Buyer Beware) Label!
Could it be the INFORMATION is TERRIBLE?????