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WOW!
Friend Solomon RC Ali on Facebook and then use him to friend Nicole Singletary or Ricky Hart .... Do it and your eyes will be opened to the UBRG/REVO/GEG/RAINCO scam, their ties to eachother, and the depth of the fraud!
Amazing...literally amazing. All of them are in on it together and it's wider than you think you know... It's truly a multi-level family affair.
Makes me wonder if they're actually scamming their own family members in some kind of incestuous multi-level-marketing scheme.
It's funny tho... Even though Solly Ali is active on twitter he's seemed to abandon other social media about the same time his stars REVO and UBRG started collapsing. I bet he sold family stock in these co's and used social media to pump them... Then social media quit being a tool for him and turned into a sewage pipeline for negative feedback from spurned and defrauded investors so he abandoned main pages. Probably has multiple Facebook pages under an alias for current family/friends and investors who are in on the scam.
Haaaa the 10Q was so bad that the spin masters over at UBRG couldn't even figure out a way to hold the pig down and put lipstick on it.
These clowns announce PR's to say that they are in final preparations for the final plan to fly some Chinese folks across the pond and they can't even imagine how to put a positive spin on that gnarly 10Q.
Last I checked "fractions of a penny" include things like 1/4th a penny, 1/10th of a penny, 1/100th of a penny, 1/1000th of a penny and beyond.
Not that it matters really. Fact is anyone who bought this stock at a penny...$0.01 need a whopping 1700% return just to break even.
Even folks with average costs of $0.0050 still need a near 850% surge to break even...
Folks who have averaged down to $0.0020 still need better than a 300% rally and even folks who grabbed a $0.0010 need a 100% rally.
What would make this stock double? Triple Quadruple?
NOTHING!
No pr... No sec filing will generate those kinds of organic returns BECAUSE Vincent Guest and Solomon Ali have both proven NOTHING penned by them is to be trusted as factual or to be taken at face value because they've simply lied too many times.
What?!?!
I waited all day for a flashy PR where Vinnie Guest and crew stated how awesome the quarter was...FOR THEM...and told investors or would be investors that they're excited for Q2 and 2014/beyond...
Just like they did in 2008, or like they did in 2009, and again in 2010, another few times in 2011, then 2012, ALL THROUGH 2013...
Meanwhile the share price has sunk from DOLLARS to fractions of a penny.
I guess we all get to see for a fact the true reason the FY year change occurred. It occurred so Vinnie and Solly could cover up some brand new debt features that muted a 300 million "share repurchase" hoax.
Ahhhhh
I see now... While they claim to have repurchased 300 million shares they were also issuing a like amount of shares through debt conversion to shares.
Why? Because they had to. At the rate they were going, they would have ran out of shares to exchange for debts.
Wow! This 10Q is full of little nuggets that they never issued PR's about like all of the dilutive debt financing they did June through September.
What a scam!
10Q filed today.
All BS!
Losses for shareholders.
Going Concern
Cost of sales barely beat sales ($12 thousand bucks)
Cost of BEING UBRG soared past revenues.
Odd share count considering before the share "repurchase" they had 2.5 billion shares issued and outstanding and at a cursory glance THEY STILL have that many shares issued and outstanding.
All bad for longs... Allllll bad!
10Q 10 schmew!
It literally doesn't matter.
Even if they showed a gross profit and a net profit and a revenue surge AND actually offered guidance for next quarter or the year that was AMAZING, EVERYONE already knows they have lied in previous SEC filings so the stock won't move but a tick or two before getting sold right back down.
The only thing any investor in UBRG can count on is this:
Going concern!
The company, as it is cannot survive. They must do a reverse split and then start issuing more notes and warrants to fund this scam all at the expense of shareholders who are the only losers in this game.
They'll change names, change ticker symbols, pull off a reverse split, issue a flurry of PR's to suck in retail and then they'll start announcing this deal or that deal where they pay for things with notes, warrants, shares and AS GOOD AS THEY MAKE THE DEALS SOUND IN PR's the stock will fall.
Investors will wonder why...especially the new ones and they'll ignore the warnings from long time bulls turned bears and they'll call them "bashers" when all they're trying to do is help them avoid the losses they've already suffered.
And the big wheel keeps on turning.
No DOUBT ABOUT IT !
The whole purpose of this scam is to dilute investors and when the time is ripe for a new chance they'll do what they've already done:
They'll change their name, change ticker symbols and then they'll reverse split.
They'll tell investors that the name change is to better reflect their business model and strategic goals and some naive investors will buy it hook line and sinker.
They'll change ticker symbols to more closely reflect the new business name.
They'll reverse split and tell naive investors that the new stock price better reflects a true value of the stock HOPING those same investors are oblivious to the FACT that even though the share price is higher, the company market cap HAS NOT AND WILL NOT HAVE CHANGED.
It doesn't matter if you take 3 billion and multiply it by $0.0005 or if you take 3 million and multiply it by $0.50 you still get the same market cap.
They'll do all of this to distance themselves from the scam now known as UBRG. While the reverse split and ticker/name change will be overnight, they know it'll take weeks of PR's to bury those SEC filings and then they'll start tricking new investors into what will likely be the largest losses of their retail trading careers.
UBRG=SCAM. In fact, I suggest their new ticket symbol be "SCAM"
THE FACTS ARE THAT VINCENT GUEST, SOLOMON ALI, ERNEST DELONG AND NICOLE SINGLETARY ARE ALL FRAUDS ROBBING FROM YOU!
They are literally stealing shareholders money to pay themselves obscene salaries.
Seriously?!?! $300k per year to run a company with ZERO profit and run the stock from $5.00 to $0.0005?
They stole from shareholders by fabricating $3.2 million dollars in phony debts and swapped those fake receipts for 1.5 billion shares.
They robbed shareholders of an accretive stock move by shifting 300 million shares between them and calling it a share "repurchase" that they called a private deal instead of an open market share buyback.
They lied in SEC filings regarding who GEG was/is and who the controlling interest was (turns out it was/is Nicole Singletary who just.... LIVES WITH SOLOMON ALI)
The facts... NOT ASSUMPTIONS... Are clear.
UBRG, REVO, GEG, RAINCO and the filthy 4 (Ali, Guest, Singletary, and Delong) are frauds!
WHAT?
A 10Qnt?
Oh the humanity!!
Oh wait... That's right... I remember now... They always file NT's so it's not a shock.
Solomon Ali and Vincent Guest are scumbags and all they do, I mean, all they focus on is lying to shareholders. Which shareholders? Oh, the ones invested in UBRG and REVO. Which investors? Oh, any investor in RAINCO or GEG. (Capital investment, not public shares).
I personally can't believe anyone in their right mind would give these frauds a penny. 10 minutes of background checking reveals them both to be steeped in various frauds that are designed to defraud any class of investor.
OH definitely ! They'll file YET ANOTHER NT but who cares when they file anymore anyways? Their filings are supposed to be the bedrock of certainty for investors. Profits or losses aside, investors are supposed to be able to see the truth in 10k's and 10q's etc and Vincent Guest and Solomon Ali have shown investors that they'll outright lie in these filings so who cares?!?
They lie in PR's but everyone knows it which is why their share price is immune to their fluffiest PR's and now we know they lie in SEC filings too so what does an NT preceding yet another bogus 10Q have to offer?
If you follow Solomon Ali on twitter you'll see that he boasts about being a trader but distances himself from his own company stock which has fallen from $5.00 per share to $0.0004. He distances himself because it's an embarrassment as a professional...even a fraud would like to have a decent share price for their publicly traded scam.
There's NO DOUBT that Vincent Guest and Solomon Ali screwed investors in UBRG.
Why does Solomon Ali claim to be a trader on Twitter focused on 12% returns and why does he not cite his exec status with UBRG?
Why does Ali cover up his exp at RAINCO, REVO, UBRG, and GEG on his social media profiles ?
Why? Because he does whatever he can to distance himself from his own scams.
The fact that Ali and his girlfriend Nicole are even on twitter and discussing UBRG is comical. Look them up on twitter @solomonrcali and then look at his followers to find mama Nicole....then read her posts about UBRG... Funny stuff.
It's funny to see that over a year ago Nicole was tweeting about UBRG but in a SEC filing earlier this year Solomon and Vincent claim to not know who the controlling interest of GEG/RAINCO was.
Pretty much lied in SEC filings and proven to be lies when it was discovered that Ali and Singletary registered home addresses in different SEC Filings that are identical!
FRAUDS !
Haaaaaaaaa
Thanks.... I just wasted a nice sip of scotch...
Chances this goes to 1's?
As in ONE PENNY?
ZERO CHANCE!
I STILL LAUGH MY BUTT OFF when I see Solomon Ali's social network profiles...
Him claiming to be a trader focused on 12% returns and offering the naive trading guidance is such a fraud.
I wonder if he sells his scam in pyramid type scams...the guy is the quintessential con artist...all flash, no flame.
"Management fix this mess"
Haaaaa
That's like asking mud to clean up...
Management IS THIS MESS. MANAGEMENT CREATED THIS STOCK BASED SCAM SPECIFICALLY TO DEFRAUD INVESTORS.
They did all of this with the intent to defraud investors while collecting large annual salaries paid for not by revenue but by shareholder dilution.
They can't fix the mess because they are the mess.
No
Long here can say they weren't warned.
The cruddy thing is that Ali, Guest, Singletary, and Delong aren't even close to finished.
They're doing the same scam with REVO. They've created a GEG with a virtual office in the UK. They have RAINCO waiting to swap phony debt receipts for shares and somehow MTWD is involved as well...
You don't lay that kind of foundation to just walk away...they're going to run this scam again and they'll run it with UBRG again except they'll have changed the company name, changed the ticker and they'll reverse split the stock to put as much virtual distance between HPGS and hat ever their new scam is called as possible.
HAAAAAAA
OH THIS COMPANY IS GREAT WITH HUGE PLANS FOR RAPID GROWTH AND RETURNS TO SHAREHOLDERS...
Just ask Solomon Ali... He will tell you all day long how great their plans are and if he really likes you he will even infer little secrets over the phone to you. He'll drop little subtle hints about future deals and news.
Of course it's all lies you'll never prove ever happened and then he'll say not only did he never say those things but you're the liar, not him.
He's a real classy guy like that.
THE WEBSITE? Nice?!?! Yeah if you like 5 years old "breaking news" PR's and can tolerate the intermittent availability of the website. It may be up and running today but it's been offline like 4 times this year alone and some of those times for over a month at a shot.
How this stock scam even exists after all the printed lies and fairy tales is beyond me. I guess Wall Street knows it needs the occasional scam and fraud stock to keep liquidity alive.
Which "shorts" are you talking about because in this world, with UBRG there are virtually ZERO short contracts out there.
It's funny to me when investors in a dilution based Ponzi stock scam like UBRG blame "phantom" shorts instead of grasping the reality of massive and destructive dilution:debt swaps.
Non-GAAP vs. GAAP? Lots of companies report non-GAAP v. GAAP and it's not entirely bad...in many instances GAAP simply does not recognize a revenue type, or liability class so they simply cannot report GAAP.
Of course in some cases, companies report non-GAAP because of shady accounting BUT I've seen Fortune 500 companies report GAAP and burn investors with fraud down the road with mis-stated revenues or back dated options/etc.
Non-GAAP vs. GAAP doesn't really matter because either way you choose to report it's only going to be as good and legitimate as the numbers you put on to each line.
Like they say: put crap in, you'll get crap out.
Non-GAAP and phantom shorts are not what brought UBRG from $5.00 per share down to $0.0006.
Fraud and dilution did that. The fraud and dilution has been so easy to spot a mile away.
Haaaaaa
Yesterday... 127,000,000 total volume...
Today... An hour into it and NADA!
Not a single trade.
For those of you who think Ali, Nicole, Delong, and Guest haven't figured out a way to ditch portions of 1.5 billion shares you forget they haven't exactly been sticklers with SEC rule thus far.
The debt they traded for 1.5 billion shares was phony debt. It was nothing more than an accumulation of artificially inflated receipts and "double billing" each other while charging exorbitant rates.
It's not even embezzlement because they're all doing it with one common goal:
Hyper inflate debt to receive ill gotten shares and then sell them for any price because there is no real debt/break even cost.
I used to think the SEC would come to the rescue. I used to think Todd from the SEC LA branch would halt this madness but now he can't...
Why? Because UBRG has undone the fraud with their latest 10K where they told the world "this is who owns us, sorry we didn't say so sooner, buyer beware".
The only investors who have a chance of recuperating losses are the ones who lost prior to that 10k AND PARTICIPATE in a class action lawsuit.
The scam is complete. Solomon Ali, Vincent Guest, and Nicole Singletary aren't rookies at this... Look at their histories with GEG, RAINCO, REVO, or even MTWD.
They've got Ernest Delong (attorney) telling them how to skirt fraud charges while committing fraud like a fox telling other fox how to get the chickens without getting pinched by the farmer.
$0.0004 on the bid brought to you by the FRAUD SQUAD.
$0.0003 is next and then check this out...
After they fall below that, they'll have to amend EVERY LAST warrant and convertible note OR do a reverse split otherwise they'll be in default of those notes/warrants BECAUSE LAST I CHECKED you can't issue those shares with 50% or greater coupons on a stock trading at $0.0002 or less.
Pretty sure I wrote a post like this detailing the default when this stock was at $0.0038... And again at $0.0030 and again at $0.0022 and again at $0.0015... And again at ... Oh well you get the point.
Been bearish and telling anyone who would listen to avoid this stock since it was over a penny... And even here at brand new 52 week lows of $0.0004 I'm still bearish..at this point you could still lose up to 75% of your investment and LOSE MORE if they cease to exist or reverse split and keep on falling post split.
There's NO potential...
The company is what we call thinly held, widely traded. It's basically traded amongst friends.
The company is ran by FRAUDS and everyone knows it. No amount of DD will be blind to that.
Some think "well... RAINCO and GEG are majority owners and they don't want to lose money so they must know something"
But those who think that are naive.
How did RAINCO (Nicole Singletary-Solomon Ali's girlfriend) acquire 1.5 billion shares in the first place?
EASY!
Nicole, Solomon, Guest, and Delong all orchestrated phony debt accumulation amongst themselves and submitted a bill for $3.2 million in debt and interest...
BUT ALL THAT DEBT WAS FAKE!
So that means they can literally sell their shares for ANY PRICE and make money because the $3.2 million in debt was never real to begin with!
Oh Money!!! But those shares are restricted and can't be sold...
OH YES THEY CAN!
THE SHARES WERE RESTRICTED BUT ARENT ANY LONGER AND EVEN IF THEY WERE-ANYONE WHO KNOWS ANYTHING ABOUT GUEST AND ALI AND DELING KNOWS THAT THEYBE SKIRTED SEC/FINRA RULES IN PAST SCAMS AND ARE JUST DOING IT ALL AGAIN NOW!
Do yourself a favor.. Pull up Nicole or Solomom or Guests Linkd-in or twitter profiles... They call themselves traders focused on 12% returns and you have to dig deep on Nicole to see her tweets from 2 years ago about UBRG.
When they sell the bulk of those 1.5 billion shares and dilute this POS down to $0.0003 they'll pump it for the last hoorah....
After that... They'll change company names, change ticker symbols, and reverse split the stock and do it all over again to naive investors...
And by the way... This stock... Solomon Ali, Vincent Guest, Nicole Singletary, Ernest Delong.... All they have done is disprove the myth that the long con is easy money. These frauds are working hard to keep this scam alive... If they'd put 1/10th this effort into legitimate endeavors investors would have a real stock with real potential.
"Give it a few days and see what happens"
It doesn't take a rocket scientist to pull up a chart of UBRG to see what happens.
This stock is being DESTROYED by the very people who are supposed to be fiduciaries.
Solomon traded his girlfriend Nicole some phony receipts for $3.2 million in debt and she took 1.5 billion shares.
At the rate Mama Nicole is selling her shares I'd say she's got to have just over a billion left.... Maybe 1.2 billion which means this stock has a lot further to fall...
But yeah... You go ahead and giver it a few days...at the rate it's been going, what's 50% losses between friends?
Go ahead and ignore the real traders who've tried to wave people off this SCAM. Buy and hold for a few days... You'll see soon enough I guess.
Does UBRG break down through this phony $0.0007 floor today?
Probably....
No share price can handle the massive selling pressure of mama Nicole trying to ditch 1.5 billion shares...
I wonder how many she has left? 1.3 billion? Less?
Funny because she's taking an average share price of $0.0008 for em so 200 million times $0.0008 = $160,000.00 which isn't even Ali's salary but given the probability that her shares are based off phony debt arrangements and very likely free it's all green money to her.
Here's what I know...
For months this stock was peppered with multiple zero volume days and many of those zero volume days were strung together with very low volume days when it did trade.
Lately the stock has gone from $0.0011 to where it is today but it's doing it on pretty low volume like days (so far) like today.
Is HPGS finally moving in the right direction? I don't know...there has been zero Press Releases and Zero SEC filings since July.
It'd be huge for the stock if the company were to announce any progress with CHAMA because HPGS fired/received resignations from the guys who ruined Miller Fabrication and HPGS and supposedly CHAMA holds patents that would turn leased wells into profitable ones or otherwise somehow generate revenue from the business.
Wow..
I find myself rooting for this stock but knowing it is a fools paradise.
10Q Due in 14 days but we all know they'll file an NT so shareholders won't see anything for 20 days.
You'd think that with all the money Nicole (GEG, RAINCO) have made off swindling investors they'd actually pony up some dough and hire a slick accountant to file a 10Q before being forced to file YET ANOTHER NT but they won't.
At the rate this stock is falling it'll be at the floor ($0.0003) before either a 10Q or NT is filed anyway.
I don't typically know how this part of the scam works...
We know Nicole via RAINCO now has 1.3 billion shares (or less depending on how much the last few weeks of volume has been RAINCO unwinding their stake) but it seems to obvious to pump the stock and sell into that share price rise... But these clowns are in it for the money so who knows if they'll be dumb enough to blatantly pump the stock and try to sell the balance of their 1.3 billion share stockpile for gains above $0.0020.
It's funny though to watch this stock gravitate to $0.0007 each day. Seems like every time it gets a $0.0008, $0.0009, or $0.0010 price tag mama Nicole comes in and sells the crap out of fractions of 1.3 billion.
The last I heard was HPGS needed to do 3 things before CHAMA would take them over via a stock transfer:
1.) remove current execs- check
2.) divest Miller Fab- check
3.) conduct a reverse split at 1000:1 (not complete)
But I also know that for over a year now CHAMA has been promising that they had funding for this deal and they never really did. The story goes: we have investors, oops no we don't, oh wait, now we do again, oh wait no we don't.
Something is up though... It's not great volume BUT the stock has nearly quintupled off its $0.0011 lows.
I've owned HPGS since those lows and it'd be nice to hear anything BUT all the web page info is out of date and nobody is answering any ringing phones so it is and always has been a shot in the dark stock buy.
LMAO @Mama Nicole still selling.... It's going to take her WEEKS to offload the balance of her free 1.3 BILLION SHARES.
Free?
Yes... Free or close to it. There is NO FREAKING WAY that any or most of that $3.2 million debt was real. Those clowns just wrote each other receipts and had Ali and Guest sign off on the expense report.
Nicole would bring them coffee and turn in a $1800 dollar consultant fee receipt l.
Every single penny of that $3.2 million in debt swapped for 1.3 BILLION shares is suspect once you start having a girlfriend and a boyfriend (or whatever they are) passing receipts and expense reports back and forth to each other.
Vince resign?
Not a chance! He's just as culpable as anyone else and last I checked you just can't distance yourself from yourself.
I don't presume to know that Vince and Solomon are fishing and golfing buddies but they know who's hands are in which pots. REVO shares far too many traits with UBRG and there's no way Ali tricked Guest into giving Ali's girlfriend 1.3 billion shares.
First, there was NO legitimate $3.2 million in debt between the entities which is why Nicole is not drowning in her own pool of tears over the beat down the share price has taken.
These frauds were literally turning in receipts for goods and services which THEY WROTE AND THEY ASSIGNED value to. I wouldn't be at all surprised if shareholders were to discover that Ernest Delong And Solomon Ali have engaged in some type of billable hours between the two where Delong Claims X number of hours of legal work when in fact it was a lunch they were on where Ali cooked hamburgers but charged shareholders for steak and lobster.
And you can bet Vincent Guest was at that lunch, elbows on the table, writing his own receipts for services rendered.
I saw the PR yesterday. Ya know, it really is a shame... Any other credible company reports 108% growth YoY for a given period and that stock is going to go higher...UBRG? Can't manage a fleeting 25% pop before surrendering gains because of dilution and, in my mind, blatant fraud against investors.
I have read that Nicole is selling her shares and I think to myself, sure...she's made some money on this scam but the real, long money is in keeping say 500,000,000 million of those shares, surrendering the balance back to UBRG for a PR and then watching shares she received near $0.0020 soar to a penny or higher.
Imagine if Ali, Guest, and Singletary "arranged" another "repurchase" for...say...between 300 and 500 million shares to retire. That'd be between 600 and 800 million shares retired this year and it'd impact the float so harshly that I doubt the shares could do anything BUT soar on that news...
So yes, Nicole, Ali, and Guest have made some coin off longs by diluting them for dinner receipts but it's chump change compared to what they could make if they Pr'd the crud out of the shares while she's still holding a substantial position. And since RAINCO/GEG are apparently private subsidiaries/LLC's the SEC Doesn't seem concerned with their clear manipulations thus far it seems like why would they care if the stock started rising.
Another thing that I think would raise the share price is something that Ali and Guest haven't done for years: Announce the 10Q filing date and time ahead of the 45 day filing period. I mean, yes, Nicole and Ali together have orchestrated a gnarly scam to acquire 60% of the shares but pretty soon getting those shares to go higher will look a lot better than the shares going lower UNLESS they need the shares to go lower so they can say "fraud? What fraud? We had shares too and we lost too right alongside our investors"
Unreal !
Let me see if I have this straight:
1.) Solomon Ali is a proven fraud running multiple scams.
2.) Vincent Guest is a proven LIAR who is ALSO running multiple scams. I hear he is also involved in a new MLM (multi-level-marketing scheme AKA-Pyramid scam)
3.) Ernest Delong is Solomon Ali's attorney and is front running these debt for shares for cash swaps by setting up and then folding LLC's.
4.) Nicole Singletary is Solomon Ali's significant other, they share a residence, and SHE IS NOW RAINCO and RAINCO SUPPOSEDLY ACCUMULATED $3.2 million dollars in debt features from UBRG which she then swapped out of for 1.3 BILLION SHARES OF UBRG STOCK!
5.) UBRG, on dilution alone from these debt features has fallen from $5.00 per share to $0.0007
6.) Solomon Ali is a known associate of people who've been ORDERED TO CEASE AND DESIST
7.) Solomon Ali has LIED DIRECTLY TO SHAREHOLDERS AND USED THEM
8.) Solomon Ali HAS MULTIPLE SOCIAL WEBSITES WHERE HE IDENTIFIES HIMSELF AS A TRADER INSTEAD OF A CEO
9.) NDR wants to divest
10.) UBRG, GEG, REVO, RAINCO, MTWD, AND NDR ALL HAVE QUESTIONABLE BOARD MEMBERS, QUESTIONABLE FINANCIAL STATEMENTS, QUESTIONABLE BIOGRAPHIES ON CEO, BOARD MEMBERS AND HISTORY
and some of you want to average down?
Good luck with that strategy.
For the life of me I don't understand why anyone wouldn't take whatever they have left and whatever they plan on averaging down with and buy real stock in a real company. I'd rather lose $10k on a poorly timed AAPL buy than lose the same $10k on UBRG because at least with AAPL it was just poorly timed... With UBRG, losing $10k would be an inevitability.
The only thing Solomon has tried, and accomplished is scamming investors.
He's never tried to grow UBRG....
Roadblocks?
Headwinds?
All the while he's selling his convertible notes to anyone who will buy them and scampering off with shareholder cash.
Talk about Stockholm syndrome.
Solomon Ali is a criminal. Each of his companies, each of his public profiles on social networks is geared around duping people!
Here's the problem with holding on...with waiting...
Neither Ali or Guest have done anything at all but prove themselves as fraud.
I truly believe this last 10k was the last straw for a lot of longs because two previous SEC filings relating directly to GEG were proven to be outright lies and lets look at the chart:
April saw a share price peak in the $0.0050 range and May had $0.0040 peaks and look at the stock now. $0.0007.
If any trader owned shares back then or even before and now has $1000.00 left, 6-7 months ago they could have had between $5000.00 and $8000.00.
I look at those levels as real money. That's money that people had real plans for versus someone who bought say $500.00 worth or less and now has $30, or $40 or $50 bucks left... And that's all relative. $500 bucks might be a fortune to some but not others.
At any rate this last 10k just proved the scam Ali and Guest and Delong and Singletary have been running on each other.
I believe holding this stock or buying at these levels will just prove fruitless and you'll lose what you invest and lose what you have remaining. I believe the SEC will step in and indefinitely halt this stock. The SEC filings have absolute lies AS WELL as inaccuracies in their balance sheets.
Everyone is trying to prove links between Ali, Guest, Delong, and Singletary but those links are just icing on top of a SEC fraud cake. Proving they benefitted from the convertible notes and warrants and various debt exchanges is a slam dunk as well but the thrust is the 10k and 10Q's with lies and financial misstatements.
I no longer believe that they'll pump the stock. I don't believe they can. Why? Because it seems like every PR they've released so far this year is transparent misrepresentation.
Why is the share price under such pressure.. And such volume?
Well one theory is its Nicole dumping fractions of her 1.3 billion shares and I wouldn't rule that out. No form 4 or any other form saying she is? No problem! It's not like they've been sticklers for filing in the past or filing anything without an extension anyway so it'd be a fools paradise to believe that they're going to start now
BUT I believe the real reason for the dump fest is a combination of retail longs frustrated and selling AND larger holders selling ahead of what they believe is an imminent risk of the stock being halted and they don't want 70, or 110 million shares worth of capital being frozen.
Hold this or buy it at your own risk. I believe the SEC will act and halt them.
The math is just all wrong...
Nicole hasn't lost a penny on those 1.5 billion shares because in order to you have to assume that there was a legitimate $3.2 million dollars in debt/receipts between RAINCO and UBRG.
These guys were writing their own receipts between each other.
"Hey, let's go out to lunch and submit a $1000.00 lunch receipt. Who's to stop them? Their the ones writing the receipts and they're the ones stamping the receipt "accepted/payable"
Everyone knows this is the easiest form of embezzlement because they're the ones writing the checks, creating the bills, and paying the bills and you know darn sure that neither Guest or Ali or Nicole or Delong are in this to lose money.
Nicole may have gotten $3.2 million dollars worth of shares at $0.002 in exchange for debt UBRG owed RAINCO but what if that debt owed was hyper-inflated... What if there was only $50k in legitimate debt and the rest is pencil whipped billable receipts between Ali and Nicole and by the time they got done with their creative accounting it just added up to $3.2 million?
This WHOLE THING reeks to high heaven and yesterday's filing is what we call a CYA "cover your as-" but it's not a good one. They tried to make the whole deal look legit but forget that in previous filings they said they didn't know who the controlling interest was when they knew all along it was Nicole and Delong. So now they file with the SEC and say "oh look... This is a UK GEG but sure, they've got domestic offices too...see!? We aren't liars... They are global" and it's all just another strand of silk in an ever expanding web of lies.
All these new pumpers? Trying to say this stock is going to take off? I'm betting they are 5 or 6 or 7 of the other 13 employees Ali and Guest have working for them.
Freaking criminal.
HAAAAAA
A BRAND SPANKING NEW 52 WEEK LOW!
How's that grab ya?
So Delong is GEG, Singlutary is RAINCO, and Ali and Guest had NO IDEA WHO THE CONTROLLING INTEREST WAS AND WOULD ONLY CALL THEM AN AFFILIATE AND NOW IT TURNS OUT THAT SINGULTARY AND ALI ARE WHAT? Married? Dating? Each other's significant other? Just housemates?
Hmmmm why incorporate in Nevada, have an office in SoCal and live in NC?
I bet I know why... When the SEC and FBI raid their office in SoCal and shut this scam down there's a good chance Ali, Guest, Delong, and Singultary won't be in the office.
This WHOLE SCAM OF A STOCK is literally unwinding and unravelling right in front of them and I think its hilarious that some investors are the very group that brought the scam they denied for so long to light.
UBRG has been strangely quiet... No PR's but it's not like that ever mattered anyway... All of their PR's were junk anyway.
PR: UBRG IS PROUD TO ANNOUNCE A STOCK DIVIDEND (that shareholders will pay for with dilution)
PR: UBRG IS PROUD TO ANNOUNCE A SOLAR FARM (with a company that has zero resources for such an endeavor and UBRG shareholders will pay for with dilutive convertible notes to pay for the PR)
PR: UBRG IS PROUD TO ANNOUNCE THEIR WEBSITE IS BACK UP AND IMPROVED (oh wait, it's down again, it's up again, it's down again)
PR: UBRG IS PROUD TO ANNOUNCE THAT THEY HOPE TO SELL COAL TO CHINA FROM A MINE THATS BEEN SHUTTERED (a mine UBRG Investors paid for with dilution)
UBRG IS PROUD TO ANNOUNCE THEY ARE FLYING IN SOME FOLKS FROM CHINA SOMEDAY SOON (which to date has never happened)
UBRG IS PROUD TO HINT AT SALES OF NAT GAS AND HINT AT WHO THEYVE SOLD IT TO (in an attempt to generate investor interest... MAJOR FAIL)
UBRG is a scam. And it looks like triple zeroes are finally here.
So let me get this straight:
Ali and Guest claimed to no know who the controlling interest was for over 6 months BUT all the whole they knew that GEG was created by Ernest Delong and NOW N. Singultary turns out to be chummy with Ali?
It just doesn't get any thicker than this. The WHOLE 4 of them are in on the scam!
If I were one of traders here who Ali lied to over and over again in phone conversations I'd do two things:
I'd call Ali and force answers out of him
And
I'd be on the phone with the SEC faxing every documented phone call and forwarding every single post is written that contained the names, dates, and conversation content.
The thing is that now the web has broadened and anyone associated with RAINCO or GEG or UBRG knows of the scam.
Tell me again how these guys got the DTC chill lifted because they aren't frauds... I love hearing that story.
It's now NO WONDER why some seemingly delightful PR's always failed to raise the share price. I mean the massive dilution aside some of those fluffy PR's would have lifted the stock price of a legitimate company.
Funny stuff
EVERYBODY KNOWS SOLOMON READS THE BOARDS BECAUSE HE HAS MADE DIRECT COMMENTS ABOUT THE YAZOO AND IHUB CONTENT
I don't know the exact rule on amendments but if I was him or Guest I'd be looking into amending any and ALL filings where they act like they did not know who GEG was or WHO the controlling interest was/is.
I don't think they can amend that far back but I honestly don't know or care to look up the rules on amendments but as it stands now they have committed fraud. They had their attorney create a shell LLC. They denied knowing it was Ernest Delong. They've transferred debt and equity between the GEG shell and UBRG and they also defrauded investors with a hoax 300 million share repurchase.
As far as the China deal, the solar deal, or any other deal it amazes me that any one of you put any faith in these deals when you now know beyond a shadow of a doubt that Ali, Guest, and Delong are perpetrating fraud and deceiving, purposefully, willingly, and knowingly, all the shareholders as well as business associates (NDR and Metwood).
The stock is a scam. Every thing Ali and Guest touch is and has been a scam from RAINCO to Revolutionary Concepts to UBRG.
I don't know whether to be impressed with their ability to skirt the SEC and defraud countless investors or to be disappointed in the SEC's ability to put two and two together.
No matter what, UBRG will change their name. UBRG will conduct a reverse split and UBRG will try to get this piggy to market with a new name, a shiny new share price and all in hopes of keeping the scam alive.
But before they do... They'd better fix this whole GEG/Delong/Controlling interest thing. I used to tell Wilma to document her conversations. Get Ali to email her and put what he says on the phone into email and now it's clear why that was never going to happen...because he knew he was lying to her. This GEG/Delong thing will bite em in the rear if they don't amend those filings and plead Mea Culpa.
YOU DO REALIZE THAT EACH FORWARD SPLIT UBRG HAS DONE WAS FINANCED BY DILUTIVE SHARE ISSUANCES RIGHT?
The dilutive effect of the share issuances ACTUALLY did more harm for investors of record than any good at all.
Here's the deal...
This stock, as I've said hundred of times is a dilution based SCAM!
The only legitimate arm of this scheme is NDR and they're ONLY VALUED AT $250,000 so the stock literally is not worth $0.0013.
For months now Ali and Guest LIED DIRECTLY TO INVESTORS and hid horrible truths about exactly who GEG is now and who they were earlier this year. It takes BIG BRASS ONES to try and pull this scam off...seriously... Having your own attorney start a shell company called GEG to transfer shares and swap debt with is brazen. The three amigos I guess. I used to just think it was Ali and Guest who were straight up dirty but now this cat named Ernest Delong is in on the scheme...I wonder what he's being paid...serious... There's no way to know for sure beyond the notes what his take is...he's old and I guess he just wanted some retirement cash.
No matter what... Two other things I've said were coming are in fact coming:
1.) a reverse split. Likely at a ratio of 1000
2.) a name change
They want to dress this little piggy up for market so they'll reverse split and get a higher share price and they'll change names to distance themselves from the fraud known as Universal Bioenergy in hopes of luring brand new longs who won't sell until you pry their cold dead fingers from around their shares.
Personally... I think this scam will run higher up before a huge fall once the R/S is announced. Why? Because a R/S at that ratio won't give them the share price they need post split to attract too many newbies. So they'll issue some PR's or spread some rumors and get the share price up to an attractive level because $1.30 ain't gonna cut the mustard.
Funny stuff...
UBRG execs committed FRAUD upon investors.
THERE IS NO WAY they didn't know who GEG was back in MAY AND EVERY MONTH FROM MAY TIL NOW yet they led investors in DIRECT phone calls or DIRECT SEC filings to believe that they had no idea who it was and even "Hillary Clintoned" when pressed for answers and said "what difference does it make"
Well, I have news for you Vincent Guest and Solomon Ali...it makes a whole world of difference in a case of fraud. You lied in SEC filings and misrepresented the truth. You then adjusted Fiscal Year end in attempts to hide that truth from investors.
It's fraud and the jig is up. GEG is And always has been ERNEST DELONG and at the time of the May SEC filing GEG had ONE EMPLOYEE... ERNEST DELONG. This whole N.C. Singletary is a hoax in an effort to hide exactly who the controlling interest was back then and was as of June 30, 2013.
As far as finding the sunny side of the street today goes?
The ENTIRE FINANCIAL PORTRAIT of this company has been faded. Their revenue rose and their cost of revenue rose MORE. They once again promised hope of "firm profits" in 2014...WHICH IS THE SAME THING THEY HAVE DONE IN EVERY 10K they've issued since 2007/2008.
These guys have a knack for offering hope of profits NEXT YEAR!
Well, the current Q ended September 30, 2013. UBRG has 45 days to file their Q but traders need to factor in their traditional NT so BOLO for a 10Q around November 20th.
In that regard I look forward to the 10Q. Why? Because all these really neat revenue issues and share repurchases occurred in Q1 so ALL the answers should be there. Between now and then though I'm going to take the contrarian view. Why? Because these guys are scammers...frauds... And they'll move mountains to keep the fraud alive. I believe between now and then they'll issue insane PR's and I believe they will try to raise the share price artificially.
Common sense says traders should avoid this POS scam. A reverse split is all but certain and pressure in the stock due to fraud discovery is also almost certain but Ali and Guest aren't rookies... They've helmed such companies as RAINCO and Revolutionary Concepts (REVO). REVO BOD recently rejected a proposal to increase the A/S. It's ironic right? Ali actually said (paraphrase) " the board rejected the A/S increase because it's dilutive"... He took a look at two ships.. UBRG and REVO and figured out which would sink and which would float and hopped on to the floater...REVO...he's diluted the ever loving Christ out of UBRG but as board director of REVO rejected an A/S increase...
Anywho... The smart money reads the tea leaves. The smart money knows that UBRG is a scam... BUT it's a scam with limited downside and a pump due to the upside. You won't hear me speak well of Ali and Guest because I believe they're frauds...but the SEC allows frauds, clearly... So ill buy a few shares here. Not because the company has potential. It does not. The company is ran by what I call criminal frauds...but the stock has potential because frauds as good as Ali and Guest will trick just enough people to see the share price rise between now and November 20th and who am I to turn away a few free bucks?
Make no mistake. The stock...the company...Ali and Guest are frauds...there's virtually no redeeming fact behind the company or the stock and anyone who decides to buy or already bought today based on this needs to not put a penny more in than they're okay with risking losing...
There really just isn't more to be said.
We know for a fact that the only GEG here is Earnest Delong's GEG. We know Earnest Delong is Solomon Ali's attorney.
We know for a fact that UBRG has defrauded investors through SEC filings by not acknowledging that they know exactly who this GEG is because they wrote as much, and called them just am affiliate back in May.
We know for a fact that Ali and Guest have outright lied to investors telling them that they aren't selling shares when Form 4's clearly demonstrate that neither of the two are holding share balances which both should be numbered at least 45 million shares higher than their last Form 4 shows.
We know for a fact that UBRG execs are linked to prior stock schemes which flirt with SEC/FINRA rule and count on shareholder apathy.
Tomorrow is the drop dead day for the 10k. It's been over 6 months since the company has issued any financials AND they are deeply pressured to file within the confines of a 15 day NT grace period.
We know for a fact that they transferred shares between Guest and Ali and Delong and tried to call it a share repurchase. The share repurchase was a private deal, off the market and it robbed shareholders of the accretive to share price response the stock would have seen if those shares were bought back through a legitimate buy back.
The way I see it, investors have until the third week of December before this blows up in their faces and Ali and Guest are shown to be frauds. Their Q1 ends October 31st. They'll have until December 15th to file a 10Q or December 16th to file an NT and then they'll have 5 days after that.
Given the action on the stock today ($0.0013) I'm guessing some investors already see the writing on the wall and are taking what they can get and writing it off as a loss.
LOOK AT ALI AND GUESTS HISTORY BECAUSE THEYRE SIMPLY REPEATING IT.
They are ABSOLUTE FRAUDS!
It's not speculation... It's even better than an educated guess... it's FACT!
Ali's attorney Earnest Delong set up GEG. FACT
His attorney set up GEG to facilitate shady share transfers and "moneyless, PRIVATE transactions that they call "share repurchases". Remember that little scheme? Some 300 million shares repurchased in an off market private transaction that ROBBED shareholders of the intrinsic value of those shares being bought on the open market? REMEMBER?!?
They shifted the Fiscal Year end to delay their 10Q, and to give them time to issue some INCREDIBLE PR's that they wouldn't have to prove for 90 days...
AND NOW LOOK... It's been nearly 105 days.
Why haven't they filed? I will tell you why...
BECAUSE THEY ARE SCRAMBLING... They have not only just diluted and scammed and schemed and rinsed and repeated here, THEYVE GONE OVERBOARD with it one too many times and they are scrambling to find an accountant or a way to hide the truth.
"Oh money is just speculating"
They've done it before... Their last 10Q had OUTRIGHT FRAUDULENT LIES IN IT where they purposefully, knowingly, and wittingly deceived investors by claiming to not know who this "GEG" is and opted to call them just an Affiliate.
Where's all the 8k's?
Some traders suggest that these MATERIAL events with Metwood, or GEG Inverness, or GEG this, GEG that, have all been occurring but we haven't seen an 8k out of the company AND THAT MEANS NONE OF IT has happened.
The ONLY documentation we have that proves any UBRG/GEG link is the documentation that supports one truth: GEG is Earnest Delongs.
Where are all those pesky shares?
Ali and Guest are holding FRACTIONS of the number of shares they should be holding if they have not been selling. FACT! They hold fractions of what they should have.
"Oh money...where's the form 4 then smarty?
No need for a form 4 when you're getting your paycheck in the form of PREVIOUSLY DOCUMENTED CONVERTIBLE NOTES, and THEN USING EARNEST DELONG as a transfer agent...
The above is ALL fact. And facts always find a way to surface. Will the fact surface in the 10k due this week?
I seriously doubt it... I imagine they may not even file. They'll perhaps cite some extraordinary costs of accounting or something else or they'll just take the SEC hit and be technically "late" but if they do file, they've done this scam before, with several other companies and they know that the SUPER HANDY FISCAL YEAR CHANGE means that by and large they only have to report events up to the End of June and LOOKIE LOOKIE...all of these events seems to have happened AFTER that WHICH MEANS longs here won't see the light of day until Q1 deadline+5days (ya know.. The 5 days are for their traditional NT) AND THAT's IF they don't find a way to re-shift FY end.
It's Earnest Delongs GEG.
Earnest Delong is Solomon Ali's attorney.
They conjured GEG up to facilitate share transfers and make "share repurchases" appear, from the curb, to be legitimate.
The only reason Metwood and foreign GEG's are even discussed by anyone is because MTWD accountant (same as UBRG's) forgot to delete UBRG from a form filing blank.
I honestly cannot even believe THAT ALI's attorney conjured a GEG and ANYONE HERE still thinks it's some "other" GEG besides Earnest Delongs.
This stock is an absolute scam and I have my doubts that any long will see answers in a 10k this next week because accountants and 10k's cost more than UBRG has demonstrated themselves to have available.
The only reason I don't bet the world that they don't file is because I've seen companies fail to file and most don't even bother preceding a non-filing with an NT.