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The stock is down 12% this am and down almost 25% and it's only Wednesday morning.
Any pending news must not have investors too confident.
The PR release NEVER said anyone from China is in town...all it said was that UBRG is planning to arrange them to come.
An NT is not a late filing...it's a NOT TIMELY filing which is a fancy way of saying its late but it gets a grace period and that grace period is now over halfway expired.
UBRG has been delisted from the QB market and they won't be able to maintain the "limited" tier listing if they don't file their 10k in about a week.
I have my doubts that they will file their 10k within the grave period time allowed because they've had over six months to file a 10k or any interim financials and haven't. Saying they changed FY's and that's why they haven't filed any financials in over a half year is not a good enough reason for traders.
Clearly traders have little enthusiasm for the company or stock ...one only needs to see this weeks chart for proof.
Quotes from a "newspaper article"
"If you knew what I know"
That's some funny stuff...
"If I had more money I'd be buying"
Hilarious...
The stock is trading at $0.0015 right now...exactly how many pennies from the coin jar does it take to add here?
The whole point of capital exchanges is that no single investor have access to information that others don't YET UBRG seems to think its fit to disclose material information to ONE PERSON?
No!
UBRG announces via PR's whenever they get a seabreeze and a "news article claiming to have backed up their info with PR's and SEC filings and interviews with Ali" can't seem to lift this stock...
Why?
Because all those "news articles" cannot undo the massive dilution that Ali and Guest signed up for which destroyed shareholders while ensuring their paychecks.
What "newspaper articles" won't tell you is that they invested long ago and lost 80 to 95% of their capital but think because they haven't sold anything at a loss that they actually haven't lost anything...YET...
It's too bad banks don't see it that way. In fact...banks look at paper losses as real losses JUST AS ANY RATIONAL TRADER DOES...
UBRG IS a scam ran by frauds who have ONE AGENDA:
Issue as much stock as it takes to ensure $174,000 per year from this company and $XXX from Rainco and $XXX from REVO....
Hilarious stuff.
UBRG gets booted off the QB markets and kicked down to the lowest tier and investors are scrambling to "explain it away" AS IF it's just some inconsequential thing.
To point a fact it's absolutely procedural.
When you CANNOT meet the absolute MINIMUM standards of the OTCQB tier they kick you out...and BOOM...
Now, instead of "up listing to the NASDAQ" (sheesh...how long ago was that pearl of a PR issued to investors?) they get kicked to the ABSOLUTE LOWEST TIER of the OTC markets.
UBRG HAS NOT filed any financial statements FOR OVER A HALF YEAR!!!
Everybody already knew that UBRG was a distressed stock but NT after NT after NT and now zero financials for over 6 months proves that ALI AND GUEST EARNED that listing downgrade. They got exactly what they've deserved...
And what? Just what exactly happens when you can't meet the modestly loose standards of the OTCQB? You get booted to the limited tier...
And what happens if they can't meet those severely loose standards? You get delisted altogether.
Investors have been reading the PR's and forgetting every PR before the last and in doing so aren't seeing that the company HAS YET to do those very things that lured those investors in to begin with.
UBRG seeks to UPLIST to the NASDAQ? Well, while they were busy "seeking" to UPLIST they forgot to file ANY interim financial statement and they got kicked down to limited...
Too funny
UBRG seeks to sell coal to China? They seek to build a solar farm? They seek to get into this energy market or that market and meanwhile their stock is basically SIX SHARES FOR A PENNY?
UBRG thinks this move or that move will offer returns to shareholders??? THEIR VERY FIRST PR's AS UBRG stated that...and so has virtually EVERY FLUFFY AND GLOSSY PR SINCE!
Serious! Read UBRG's hundreds of PR's and you'll see they've been "seeking" returns to investors...
Well... Two words:
SEE CHART !
Ali and Guest are frauds lying to investors. NDR is the only legit arm of this company and they want to DIVEST but cannot...
UBRG blew through a 90 day filing period and are now what? 6? 7 days into an NT grace period and SOME WANT YOU TO THINK ITS ALL PERFECTLY NORMAL FOR A NEW COMPANY (a new company that's what? 6? 7 years old AND WAS PALOMINE MINING BEFORE BECOMING UBRG? Serious! This company has been around under one name or another for 12 or 13 years and some want to keep calling it a "new" company and that what Ali and Guest want...they want excuses to keep getting $174,000 in CONVERTIBLE NOTES which concert to shares WHICH ARE SOLD.
Near fact for those who think Ali and Guest aren't selling shares:
One years salary in shares is?
Lets use 2013 average share price of $0.0040 and we get 43,500,000 shares...
Hmmmm according to sec form 4's neither OWN CLOSE to that. So how are they selling without form 4's?
Simple... Their salary shares are convertible notes previously described in every 10k and q and those don't need a form 4 for converting and selling because they are already described. Then there are stock and options (personal shares) which need form 4's.
So ANYONE (Ali.... Telling investors he's not selling) who says he's not selling is right AND wrong but mostly wrong... He's not selling awarded shares and options BUT IS FULLY CONVERTING his notes in exchange for salary cash.
Now how good do UBRG's prospects for future growth look ?
An occasional NT happens...even an occasional one though is a big deal to quality investors because it signals distress.
12 consecutive NT's is AN ENORMOUS SIGN OF DISTRESS...:
You know what else is a ENORMOUS sign of distress?
NOT BEING ABLE TO MAINTAIN THE LOOSE STANDARDS OF OTCQB and GETTING DOWNGRADED TO OTC LIMITED...
If you look up OTC limited it clearly describes:
1.) the company reveals LIMITED information in contrast to FULLY REPORTING companies.
2.) the company is in DEEPER DISTRESS than it was when it was listed on the OTCQB.
The thinned out volume lately?
Yeah, it got downgraded from QB to Limited and FILED YET ANOTHER NT IN A ALREADY LONG LINE OF CONSECUTIVE NT's.
While Ali and Guest issue PR's CLAIMING things are getting better FACTUAL LISTING DOWNGRADES AND CONSECUTIVE NT FILINGS ARE PROVING THAT THINGS ARE ACTUALLY GETTING WORSE.
Solomon and Vinnie are either the two worst executive officers EVER or they are frauds... There is no other choice...pick one. Don't worry though... No matter which one you pick they still get paid $174,000 a year in stock and will still convert those shares into cash while destroying shareholder value.
Any day between now and what? The 15th? 16th? a whole lot of investors are going to be sorely disappointed with UBRG's 10k.
Why?
Because investors are pinning their hopes towards answers WHEN UBRG has a long history of NOT answering questions in their SEC filings.
Revenue? Sure...it'll be in there. It'll be bleak AND it won't reflect any of the GREAT DEALS Ali and Guest and NDR have issued PR's about after July 1.
Cost of revenue? Yup, it'll be in there and it will show that as revenues increased for the period ending June 30 so did their cost of revenue. It'll show increased SG&A and it will show net revenue losses.
What about EXACTLY who GEG IS? I mean, will it show who they are, which one they are, or give investors any clue ?
NO! They had a chance to identify which GEG it is in May...it's in their SEC filing an they only describe them as an affiliate and there is nothing stopping them from doing that again.
Will it answer Metwood or GEG questions? Not likely (caveat...unless it's a material transition during the current period BUT if that were the case then we would have seen an 8k sometime between June 30 and now.)
Some investors insist that there is a material reason for the FYE change and completely ignore the fact that if it were material to shareholders it has to be released. Ergo, NOTHING MATERIAL has occurred...unless you accept that something material has occurred and UBRG is unwilling or unable to properly file current events material to shareholders.
Either way, shareholders get hosed. Either something material did happen and UBRG robbed shareholders of a SEC filing which could have been a catalyst for stock price expansion OR nothing material has happened.
Pick your poison on that one.
All this wild speculation of reverse mergers, reverse acquisitions, alignment with a global force and etc. Simply cannot be supported because there is a absolute lack of documentation to support AND VIA FIDUCIARY RESPONSIBILITY IF THERE WERE SUCH ACTIONS IT MUST BE REPORTED.
I'm going to be interested in the share count. I believe the "share repurchase" was a simple transfer, between UBRG and Earnest Delong. But seeing as EVEN THAT OCCURRED AFTER the BRAND NEW FYE date we won't even get to see too much detail on that.
DOES ANYONE ELSE SEE, as I do, that ALL OF THIS MATERIAL SPECULATION coincidentally will be obfuscated simply by changing a Fiscal Year End? Do you not see that Ali and Guest are capable of mapping out a plan and figuring out a way to hide their shady deals for extended periods just by changing FYE?
NOT ONLY HAVE THESE SHADY DEALS occurred AFTER they changed FYE (which have them the leeway to NOT FILE Q2) but because almost all of it occurred after the FYE change it won't be on this 10k which MEANS that it'll possibly be held off until the BRAND NEW Q1 which will be 45 days from September 30, 2013 (plus up to 5 days due to a forecast-able NT filing ahead of the Q1 release.
All the FY change did was basically give Ali and Vinnie 6 months to hide, or blur details...
If I'm wrong... Why is all of Wall Street ignoring this stock...selling this stock?
Why?
If Wall Street saw this as a $0.01 stock you don't think they'd want a 500% return too?
What if they saw it as a $1.00 stock...or even better a $7.00 dollar stock as "some" investors claim it to be? Wouldn't they want 10,000% returns?
It's not...it's not even a $0.0018 stock. Ali and Guest are either frauds or they are the dumbest leaders of a company EVER IN THE HISTORY OF THE WORLD...you get to pick which one you think they are.
WRONG GEG!
The ONLY GEG involved here is Earnest Delongs GEG which was set up SOLELY as a share/debt transfer entity for shady transactions.
Any other reference to a different GEG is a boondoggle.
Recognize that the ONLY link that existed between UBRG/MTWD/ and this UK GEG was a SEC FILING that has since been amended and in doing so, removed the UBRG/MTWD/UK:GEG link.
The only PROVABLE link between UBRG and ANY GEG is the provable link between Solomon Ali and Earnest Delong.
UBRG can file their 10k any day.
They do not need to wait until the expiration of the grace period but I'd bet the use every last minute of every last day. In fact I'd bet they file an inability to file or nothing at all.
By the way...they pay for their PR's with shares and that's all that needs to be said. There's no upside to that because it points out that their operations cost more than the revenue operations generate...enough said!
IT IS ABSOLUTELY INACCURATE to claim UBRG has until today to file their NT or 10k.
Their filing period FOR YEAR END JUNE 30, 2013 expired YESTERDAY AT MIDNIGHT.
UBRG missed this deadline WHICH IS WHY their LISTING TIER was downgraded to "Limited".
UBRG, prior to last night at midnight was listed on the OTCQB and is now downgraded to OTC LIMITED.
What does "limited" mean?
The hierarchy of the OTC "Pink Sheets" exists to tell investors through the tiers about the quality of the company's reporting history and other factors.
The higher the tier, the more conforming the company is seen.
UBRG now sits and trades under the lowest tier because they've now been classified as offering "limited" financial information to investors MEANING there is far more risk.
Do your research on this downgrade.
The company misse their filing deadline. They did not file an NT or a 10k and because of that, the company will NO LONGER BE ABLE TO CLAIM they've always filed on time.
This is a death knell for the company. It is absolute PROOF of absolute financial distress that Ali and Guest are now OFFICIALLY hiding from investors.
There is no MAGIC extra day to file your NT or 10k, Q, etc.
The reporting period ended June 30, 2013 and they had 90 days to file. Those 90 days could only get extended through a grace period offered AFTER filing an NT on time. With a timely NT filing they'd have earned up to 15 grace period days to file the 10k but they needed to file that BY SEPTEMBER 30, 2013 or file a 10k or notice of late filing by Sept 30.
There's no magic extra day...any claims of an extra day are wrong.
The proof? The downgrade in listing quality as seen by the tier change downgrade.
This stock is garbage and it's now officially ran by two guys who either cannot file on time or do not want to file on time.
I'm glad it can be shorted and shorting a equity, commodity, index, etc is a valuable tool for traders.
A trader has a few ways of showing disfavor for a position and the first is to avoid it, the second is to support a counter point position (don't like MU?, Buy AMD, as an example) and finally to short it.
A short position is also a tool for longs to hedge for "just in case". Shorts are also tools of longs because before you buy a long position you'd look to see the Short Interest in a position because that can help you with DD.
Maybe shorting UBRG should be illegal simply because it's a given. It's not even a gamble. The company lies in PR's, Hides material info in SEC filings, has lied or at the very least "misdirected" investors in SEC filings, shows net losses to shareholders while collecting fat paychecks AND USING SHARES to wine and fine themselves with clients in "cost of revenue" claims and keeps promising "next quarter" returns to shareholders.
We will see an NT out of them on Monday. The company has been around as UBRG for what? 6 years? And longs here still call them a "new" company which provides the longs an excuse for STILL NO CFO, CONTINUED LOSSES, and recurs setting numbers of concurrent NT filings.
Anyone not long, and even some longs see through all this as if it were museum glass...it's a fraud.
It's a couple of guys who know how to work the system and are providing themselves pretty fancy lifestyles off debt/equity financing at the sole cost of the shareholders. They make it look like there is a business when there really isn't one...the closest thing to a business is NDR and I wouldn't be surprised if NDR wanted very badly to divest.
What was the coal deal? Like 8 months ago and nada!
The solar deal? 5 months ago? And nada!
This NEW deal of pipe dream revenues? Months will pass and it'll be the same story... Nada!
Short it or avoid it because after the NT and in early-mid October these clowns are going to have to file and when they do... When they do show what they've REALLY BEEN UP TO... Investors will dump this fraud stock like its nobody's business.
Hilarious!
Sooooooo...
This stock is full of potential eh? Seems tens of millions of shares in the last 7 trading days are indicating "ehhh...not so much"
UBRG has 4 days (not including today) to file within the 90 day filing period AND NOT A PEEP out of them...
Most company's don't even need to utterly exhaust the 90 day filing period...BUT UBRG DOES.... In fact, looking at their SEC filing history it seems they've got years of EXHAUSTING filing periods and then filing an NT to extend that filing period with an additional "grace period".
Look at all the lies via the PR's. Question:
How many PR's in the last three years has UBRG issued which explain that they "believe" these efforts will offer a return to shareholder value? Go read em... EVERY SINGLE PR in the last three years tells shareholders how this move or that move proves their value and will offer returns to shareholder value...
Now pull up a chart... Where is the three years worth of value?
Investors in UBRG are fooling themselves. There won't be a 10k this month. There will be another NT.
Why does everyone think the stock has fallen from $0.0021 to $0.0015 (28%) ahead of what some thought would be great news in a 10k?
It's falling because as the clock winds down on the filing period it becomes ever more apparent that despite wonderful PR's an WILD speculation the COMPANY HAS NOT CHANGED. They'll exhaust the filing period. They'll show mounting losses. They'll show zero net revenue and losses attributable to shareholders. They'll show that since May they've entered into more toxic debt... They'll show that the only reason this stock exists is to provide Ali and Guest with shares equal to $174,000 salaries which they convert and sell at the cost of the shareholder.
It's written in their filings. It doesn't matter if the stock is at $1.00 or $0.0010...they will receive an amount of shares worth $174,000. So if it's at a buck, they'd get 174k shares...if it's at $0.0010 they'd get 174,000,000 shares...which they then sell to convert into money...
Wake up! If there were value in this thinly held, widely traded stock people would be holding, not selling and people would be buying... Wake up because you think YOU and maybe ONE OR TWO others are the ONLY ONES IN THE WORLD OF INVESTING that see the locked away, hidden value.
If there was a snowballs chance that this stock was even going to see a FRIKKING PENNY anytime soon people would be buying it hand over fist because everybody wants a 700% return...
But here it sits... In the red on 3.3 million in volume...and how many times has $0.0014 been on the bid in the the last three sessions? Countless times...and that folks is the sign of things to come.
If getting the Chill lifted was so great...
Why has the stock fallen so dramatically?
If the few longs here and over in the Zoo are right about all the potential and locked up value...
How come there's virtually zero institutional ownership and virtually no analysts covering the stock with bullish ownership and commentary?
It's Sept. 23rd... There's 7 days left in a 90 day filing period...it appears UBRG will exhaust this filing period and file an NT as expected and what will that say about them?
They didn't file a Q 2 months ago and opted instead to shift FY with ZERO EXPLANATION to shareholders. No matter what...I believe they shifted FY' end for a material reason and I think shareholders deserved to know why instead of being left to absolutely wild and ludicrous speculation.
Here's the deal: Do you believe that shifting FY has led to wild speculation AND has that public speculation affected the stock price in a negative/positive way? I believe it has led to wild, publicly known speculation AND I believe it has negatively impacted shareholders. I also believe that Ali and Guest are aware of the wild public speculation, they're aware that it has negatively impacted the stock AND THEREFORE it is required by the SEC that they address the issues impacting their stock price and trading volumes...
But they haven't done any of that for the investors.
Yeah, they got the chill lifted and yes... When it happened I thought it'd be a positive for the stock... Bu as it turns out, as it always does with dramatically toxic debt spirals...the stock was lost due to dilution.
Yes...
Yes I do think that the company has done a good job of putting out hints of legitimacy.
Why?
Because if they didn't, everyone would know for a fact that this stock, the company, and their affiliates are all one big huge scam.
In order for a scam to work, their must be efforts to appear legitimate.
The company files Q's, K's, 8's, 4's and other forms with the SEC. Unfortunately, they file NT's and amendments more frequently than other forms which means:
A.) They always need extra time to file
and
B.) After needing extra time, getting a "grace period", they still have to come back and correct errors...NEARLY EVERY TIME.
The company has been around a long time. They were Palomine before becoming UBRG in 2007 so they've got over a decade of experience and should be able to get at least part of the "filing with the SEC" process right once in a while... Don't you think?
The company produces nearly mind-numbing PR's which are toothless and do not indicate who they're doing business with specifically and cite confidentiality clauses as the reason BUT it's one thing to leave out "names" but to leave out specific forward looking guidance on whether the deal is accretive to shareholders or destructive to shareholder value is something that should not be left out. All they usually say is "we believe in this deal and believe it will add value to shareholders.
Well, they've been saying that same last line in one way or another for YEARS and the shares have done virtually nothing but drop with the exception of an occasional short term, and reversed spike.
So... WHEN? When exactly, after over 5 years of promising shareholder value will they actually GIVE A RETURN TO SHAREHOLDER VALUE.
The company is very clearly playing loosely within the rules of the SEC and FINRA otherwise a chill never would have been lifted AND and the stock would have been delisted long ago BUT playing loosely within rules and confines does NOT MAKE THIS STOCK NOT A SCAM....Sometimes frauds go to court, after being indicted on fraud charges and are simply found not guilty due to a number of factors BUT THAT DOES NOT MEAN it's still a good business practice... It simply means that a judge or jury simply could not exactly identify WHERE OR WHAT the precise fraud was so even though it stunk to high heaven, they could not convict.
There is NO DOUBT IN MY MIND that UBRG is playing within the rules, as far as the SEC knows (I've named my contact in the Los Angeles Branch SEC and even he has said as much...no current investigation that he is aware of) but that still doesn't mean this is a quality stock suitable for an investment grade... It just means, that Ali and Guest know how to skirt/flirt/tip-toe within the rules...AND WHY SHOULDNT THEY? Look at the host of penny stocks they are associated with: Rainco, REVU, Palomine, mortgage servicing, etc...
These guys aren't rookies...they've been around... They've been around because of loose rules that allow them to stay around.
Look... At the end of the day there have been a few PR's that were enticing but there's been NO sec filing that paired up with their promises. The PR's are frothy and exuberant... But at the end of the day they can't be quantified with shareholder returns. I've read one of two and said "maybe it's legit" but that's what they're designed to do... If they issued a PR saying "we are a scam" then people would run, stock would cease to exist and why can't they let that happen???
Because they get paid in convertible notes that turn into shares which they then sell...to collect their paychecks... They need you to believe... Otherwise, no payday.
Plain and simple... A good scam must appear to be legitimate otherwise it's not even a scam...it's just a parlor trick that wows nobody and nobody drops their change into a hat at the end of the show.
The things that are right are this:
Yes Ali and Guest receive shares in lieu of cash but those shares are converted, as THEY EXPLAINED over a year ago.
Ali and Guest aren't just walking into Von's, Ralph's, or Albertsons with a fistful of shares and buying some Yoohoo and Hostess apple pie.
They receive shares that are equal to their salaries and under the provisions set forth as they described, they sell them.
The 3.2 million that was used to buy the portfolio of debt?
Yeah, those guys bought up that debt in exchange for the right to convert the debt into deeply discounted shares and then sell those deeply discounted shares for up to 100% profits.
If I gave you one share of UBRG at a 50% discount today and you turned and sold that share at the market open congrats... You just made 100%
(Give you a share at discounted price of $0.00085
You sell that share that you paid $0.00085 for
You sell at market open for $0.0017
You just made 100%
If GEG (Earnest Delong) bought the portfolio of debt for 3.2 million he just made at least 3.2 million selling his discounted shares on the market.
It's not rocket science.
That is why toxic debt is so dilutive. While Ernie is flooding the market with shares from his portfolio of convertible notes and warrants the shareholders are getting ever more diluted.
It doesn't take a CPA (and thank god there's not one here) to understand the convertible debt portfolio and link it to the ever falling share price.
THESE ARE FACTS BY THE WAY. Ali and Guest described these debt features and their salary options in an open letter to shareholders over a year ago.
Their SEC filings PROVE the fact to bring things more recent... Ali and Guest get shares in lieu of cash... And then they sell those shares AS DEFINED IN THE CONVERTIBLE NOTES/Warrants filings which is why we don't need a form 4 every two weeks when payday rolls around.
Selling personal shares or shares awarded ON TOP OF DESCRIBED COMPENSATION is not the same as converting "fully compensatory shares previously defined in sec filings"
This stock is a scam and there's no reason to believe its got any forward looking value.
10 days until...what? Tick tick boom?
The SEC allows UP TO 90 days to file their 10k BUT that does not mean a company has to exhaust the full 90 days as UBRG appears to be doing. UBRG should have already filed by now and the fact that they appear to be willing to bring the filing down to the wire and then most likely us a NT filing is a chilling fact.
If the 10k is so close (10 days), why not issue a statement to shareholders describing which date it will be released? I'm serious! Why not? The shareholders were robbed out of a Q two months ago when the Co changed Fiscal Year End ONLY DAYS BEFORE THE Q was due and were thrust into no mans land with zero reference points in as far as SEC filings go...
So why not recognize that fact, acknowledge it, and tell shareholders that they'll file on September 2X or September 30?
Why won't they? Why do I know they won't tell investors that they'll file WITHIN THE TIMELY AMOUNT OF 90 days? Because everything they've done so far tells me they won't file their 10k in September... Instead they'll file an NT and push off the 10k until early to mid October.
The only conclusion to be drawn here is that UBRG is a scam.
Ali and Guest purposefully obfuscate material information because the material information is so indicative of a scam that the heist would be over before it began.
Wall Street is a forward looking instrument...it doesn't care so much as WHERE UBRG has been as much as it cares about WHERE UBRG IS going to be in weeks, months, or years.
If you use Wall Street as the ultimate arbiter then you must accept that when they take UBRG from
$5 bucks down to fractions of a penny, Wall Street sees no future.
Anyone can disagree with my rationale for a bearish argument towards UBRG, but when you disagree with the ultimate arbiter that Wall Street you're just banging your head against the wall and bound to lose your investment in UBRG.
Short it or avoid it.
This company will do an R/S.
They have to because they have to cut the A/S and raise the share price to sell new shares and keep the dilution scam running.
If this is such a great stock then where are the buyers?
Wall Street has spoken and they Wall Street machine is similar to crowd thinking which has already declared UBRG a scam stock...
They repeat that analysis with days like yesterday and today where UBRG has lost in excess of 15%.
Go find a penny... Look at it... Hold it... And say to yourself "this penny could buy almost 6 shares of UBRG. How is it that "if" I am right, one penny shouldn't not provide me this opportunity. If I'm right then how is this stock price so low?
Ask yourself those things.
The answer?
UBRG is a stock based dilution company pulling a scheme on investors.
How do you KNOWi am right?
The company went from 70 million shares to3 billion... And all the while UBRG has dropped from $5.00 a share down to today's low of $0.0018... All because of dilution that paid their bills and salaries WHILE never once offering a return to shareholders with even the most meager bet earnings per share.
Dump this stock
It's a scam.
It's a sub penny "stock for cash" scam with ONE PURPOSE!
Get investors to buy their stock and then use that investor cash to pay $174,000 dollar salaries.
That's it!
There's nothing more to this stock..
It's a scam.
The funny part?
I said this weekend that I'd dump $10k into it just to see it double ....
This morning...
Yeah...
I said "no"
This stock is a scam...
This stock is a dilution based Ponzi scam.
See it!
The company issues shares to its execs in the form of convertible notes...
Then management, who, in their own words, do not accept traditional salaries, receive shares via CN's and they convert those shares.
It's how they pay for every single cost that exceeds their revenue.
Look at the history.
Look at the execs OWN words (they addressed investor concerns in January 2012 and spelled out their dilution based compensation AND HOW THEY PAY FOR ALL COSTS WHICH EXCEED REVENUE)
Look at the last 5 years of broken/unfulfilled promises.
You bought this SUB PENNY stock as a lottery ticket... Don't try to turn a lottery ticket into a bonafide, structured, measured, investment.
Just once I'd like to read "yeah...I bought this as a lotto ticket. I've lost most of my investment but won't sell. You wouldn't throw away a lotto ticket before the drawing would you? So yeah... I'm gonna hold. I see what the company is. It's a dilution based stock scam BUT they've got a history of pump and dumps and I just hope they do THAT again"
That'd be the most honest post in the history of posts.
This stock cracks me up...
Comes out with a GREAT PR yesterday that actually said absolutely nothing more than what they always say:
"Hey Naive investors... Look at us... We are going to be big someday. We offer zero specifics on how or when we will be big but please give us your capital so we can pay our bills by secretly (and openly) diluting you...oh...and by the way...yes we know we've been promising to be big and give returns to shareholders for over 6 years now, we just hope it's you new investors who either don't look back or old investors who don't remember the empty promises"
And the stock gave back every fractional gain it had made by days end and today...it can't even hit yesterday's highs.
They've got about a month before they have to show investors something...unless they change FY's again...say back to December....haaaa if they did that, investors would see earnings, quarterly, or annual info until 2014!
Wouldn't that be hilarious?
It's a funny thing this "switch" of FY. You see... They don't HAVE TO take up to ninety days... They could file any time... They are just GIVEN UP TO 90 days to file...plus another 15 if they eke a NT filing out the day of...
So if this is all wonderful and all is well.. Why hasn't the company already reported? Just because the SEC gives ya 90 days doesn't meant you have to use it all... AND SURELY THEY had something prepared for their Quarterly...Q2 info because they changed Fiscal Year End only days before that little beauty was due...
So...they had to have something ready to go to press with right?
No?
Crickets?
Have a good weekend
Any Global Energy besides Earnest Delongs freshly minted Global Energy is the WRONG one.
Metwood?
DONT They USE THE EXACT SAME ACCOUNTANT... The error was/is material because it MATERIALLY (incorrectly) defines UBRG.
There is no "deep pockets" investor out there looking to load up because this stock and ever single PR issued by "Vinnie and Solly" is designed to do ONE THING:
Take money from naive investors.
This stock was what? Up 15% at one time today and it shed EVERY LAST FRACTIONAL GAIN not because the last trade was for $17 bucks...but because nobody wanted to pay $0.0018 for it...
If there were value here even day traders would hold... But there isn't.
Just wait until they issue their NT and then watch what kind of pressure mounts on this stock...
Oh by the way... For those interested:
The end of the year reporting must be DONE IN 90 days after the FY ends.... BUT THAT DOESN'T MEAN ANY COMPANY HAS TO EXHAUST THAT WHOLE TIME PERIOD BEFORE REPORTING!
The FACT that this company HAS NOT ISSUED A QUARTERLY REPORT IN ALMOST 6 months is PROOF that they are hiding financials AND THE FACT that they seem intent on exhausting time allotted to file their ANNUAL AND LIKELY WILL SEEK an NT extension of up to 15 days SCREAMS that this company, ran by "Vinnie and Sollly" are hiding material events from shareholders and that my friends is red flag emporium for a scam.
Haaaaaa.
It is hilarious to me that Ali and Guest get their salaries ($174,00 ANNUALLY...each) IN SHARES.
The best part is that they get their shares at discounts to the close which means they get to convert for salary plus.
AND SOME PEOPLE THINK THIS IS GOOD?
Quality companies pay salaries from net revenue AND THEN THEY OFFER STOCK OPTIONS...
This company pays FOR EVERYTHING WITH SHARES...
That is why they common stock has ballooned from 70 million shares to OVER 2.3 BILLION SHARES
BILLION !!!!!
Oh...the little issue of an ANNUAL REPORT?
I got a little cash if anyone wants to take me up on a straight bet...
I bet they issue ANOTHER NT before they file the ANNUAL...
And I will double down that same bet that UBRG files the Annual filing AND THEN AMENDS IT...
Because look at their history...they have more NT's and Amendments THAN THEY HAVE FILINGS....
I count 14 NT's and Amendments to filings....
SERIOUS?
Define what a good company is...
Is a good company a company that:
1.) Uses shareholders as sole source capital entities
2.) Files losses Q after Q and Year after Year
3.) Issues shady PR's claiming they've repurchased 300 million shares when, according to their last Q they had 18K?
4.) Changes FY's to hide material info?
If you answered yes to those questions then UBRG is your company...If you answered no...then either short it or avoid it.
I'd prefer it not to be a scam stock.
UBRG is nothing more than Palomine reincarnated to bilk millions out of investors as Universal Bionergy.
I wonder what the next name these guys will call the scam?
And the beat goes on.
Oh...
Earnings? Quarterly Info? Brand New Annual data?
Expect a EN TEE (NT) FILING FIRST which will delay this crap hole company from shedding light on itself until the first or second week of October. Good luck with that.
300 million share repurchase? Wall Street knows the game and knows the company had zero cash for this lie because Wall Street knows that kind of net revenue swing would require an SEC filing... No filing....at all? Wall Street interprets that one way... A scam.
Hiding financials from shareholders by changing FY's prior to the QR... Wall Street knows its a scam.
Toothless PR's where they don't name names and don't say how accretive a deal is in EPS? Yup... Wall Street knows its a scam.
Years of "next year we will be profitable"? Wall Street has seen this all before.
It's been said that the stock market is a forward looking creature..it likes to look ahead 6 months and value a stock now at what it should be in 6 months... Apparently Wall Street has looked ahead and doesn't think this stock will be worth $0.0019 6 months from now which is why it's a falling or at best, stagnant now.
Wall Street knows both Ali and Guest pay themselves with shares.
Wall Street knows Ali and Guest are running other stock scams.
Wall Street knows.... The question is:
"When will you accept what Wall Street is showing you?"
Cracks me up.
All the research... All the due diligence. All the countless hours spent trying to discover if this company is the real deal, a true value play, or just is what it a pleats to be:
A stock based iteration of a Ponzi scam.
Looking back through years of PR's and NONE of the coal plays, or solar plays, or oil well plays, or mining plays HAVE EVER GENERATED any real, tangible return to investors.
Ali and Guest: I'd like to see their tax returns. I wonder if the IRS has a special line item :
Income collected from duping investors in a stock scam:______
What a joke of a stock.
!?!?UNDERVALUED!?!??
Popping in here to see what UBRG is up to after INCREDIBLE news and two days straight of volume alerts and the posts I see claim UBRG is the most undervalued pink sheet stock???
Ummmm
The brilliant leadership at UBRG diluted the bejesus out of this stock. This stock once had...wait for it... SEVENTY MILLION SHARES A/S.
Now it has 2.3 BILLION A/S.
To make matters worse they entered into the single worst type of debt/equity financing deals ever and through their toxic financing they've had the stock shorted nearly to oblivion.
Read the financials folks...
Do you want to know how UBRG's management has paid the bills? They pay salaries and office coffee out of shareholder equity balances.
Need to pay some salaries? Reach into the shareholder cookie jar and dilute.
Need to pay the Orange County Register Subscription? Reach into the shareholder cookie jar and dilute.
UBRG is fascinating to me. Usually these dilution based Ponzi scams try to fly under the radar while they bilk investors for millions...but NOOOO... Not UBRG...
These guys think the SEC and FINRA are so
Inept that they actually taunt them to act...the funny thing is they are proving themselves right...which is why it's a curious fascination to watch the stock...
This stock has traded more shares than AAPL (long AAPL) and its a scam which doesn't speak well of our market cops eating doughnuts over there at the SEC.
UNDERVALUED?
No! It's way over valued.
Why?
Because the company has no cash, no net revenue, and survives through toothless PR's with one intent:
TO TAKE INVESTORS MONEY WITH ZERO INTENT TO OFFER A RETURN
It's always funny to watch this stock fall.
What?
Traders here think UBRG doesn't have to file with the SEC because they're trying to figure out the best way to tell investors of mergers, reverse mergers, or (haaaa) "reverse triangular mergers"???? Haaaaaa
Hilarious stuff.
Yeah that's it... This dilution based stock scam doesn't have to follow SEC rules because they're trying to keep things secret!
Hmmmmmmm
Weird that UBRG repurchased 300,000,000 shares and no SEC filing even though its been almost two weeks. (SEC RULE gives them 4 days).
Weird that their website is up and it has a splash section that doesn't detail any event like:
1:) 300 million share repurchase
2.) Latest NDR deal
3.) ANY GEG OR MTWD filing.
Weird right? That MTWD supposedly told "someone" they were aware of a a filing error and haven't amended their 8k yet?
It's ODD because apparently neither UBRG or MTWD seem to think they have to follow SEC rule on material to shareholders info.
I cannot wait til this house of cards collapses around Ali and Guest...When it does collapse it'll take a few shareholders, moms and pops alike.
Bill...
That appears to be a recycling of old news and the word "new" is the contributors opinion, not an announcement of new buys.
Yeah... I see it...
4000 shares...some big spenders on UBRG today...
Total volume so far.. approx: 3.7 million
Average daily price $0.0016
3.7 X 0.0016 = $5,900 buckaroos.
Phew...banks are shuddering at the sheer enormity of wealth that's passing through UBRG's stock today.
Did you read a third?
Good enough for me.
You reading this one too?
Awesome.
Yeah... Who needs 15% gains right... What's the old saying..."Rome was built in a day"
Ohhhh...wait that's not right. It wasn't built in a day... Who knows.. Maybe it was built 15% at a time.
Back to $0.0017 on a 40k share buy???
Lets see... 40,000 times 0.0017...
Hmmmmmm $68 bucks erased millions of shares of selling pressure Wolverine?
But gee... What's that pesky bid doing WAYYYYY DOWN THERE AT $0.0014?
So let me gues this straight...
Whoever just blew nearly $70 bucks on this stock is now stuck unless they want to snatch out and take that bid at $0.0014 for an immediate 20% loss...
Oh yeah W... Seems like a good move.
And hey... Did you really just bemoan advice to take a 15% positive carry on a stock that, at the time had surrendered 90% of its one day gain on a slight of hand, parlour trick pump?
Linc,
She supposedly had a conversation with Ali where he supposedly told her that he believed the Majority Stakeholder was almost done buying those 254,000,000 shares.
Sounds legit right?
A PR comes out over a month ago saying a Majority Stakeholder COULD POTENTIALLY be looking to increase its stake in the company and then POOF...no word out of management, nothing...but then a supposed phone call occurs where Ali tells her he believes, based on the recent volume that the Majority Stakeholder is almost done buying...
Oh yeah ! That sounds super legit.
Also... According to her post... They had 1.5 billion shares...then bought more to have a total of 1.8 billion AND THEN UBRG REPURCHASED 300,000,000 which would mean that between the Majority Stakeholder and UBRG they owned between 2.2 and 2.3 billion shares???
SOOOOOO...with all this buying going on around here ... Why is the stock falling...
I mean... According to her math:
1.) Global owns 1.82 billion shares.
2.) UBRG cancelled 300,000,000 reducing the I/O to 2.2 billion
3.) That leaves roughly 400,000,000 million shares out there in stock land.
Hmmmmmm...
Lets go ahead and subtract Ali, and Guests holdings...
So what's left of the float?
If her math was correct, and if her assumptions were correct the stock would be rising, not falling.
The barometer is the stock direction. It is falling so it MUST mean her math is wrong.
Nobody but Global's Delong had 300,000,000 shares to conduct a private negotiation with.
Global sold the shares to UBRG.
It ain't rocket science. It wasn't even a real deal...it was a left hand to right hand repurchase versus a genuine, bonafide repurchase from a third party.
Wall Street isn't stupid. If there were value here, they'd be here buying up whatever was left of the float and you'd see this stock soaring...but Wall Street knows its a scam and that's why it's falling.
OUCH !
$0.0014 ?
Quote, August 14th: (same day as repurchase PR)
"The whole PR doesn't pass muster"
I guess if I was wrong, the stock would have what? Continued to climb? Stayed flat near $0.0020? Maybe gave a little of the gains back?
But no...it didn't pass muster then and it hasn't passed muster since AND THAT'S WHY the stock has surrendered 90% of the gains it saw on Tuesday.
How cruddy is it that such seemingly great news has had nearly zero THREE DAY lasting effects...
Here... So the stock was at $0.0011... Then the PR came out and it soared nearly 100% off those lows to $0.0020...
Now... It's sitting at $0.0014...one tenth of a penny above the price it opened at on Tuesday and only 22% above its all time low...
If, despite all you've read and heard you still think UBRG actually repurchased 300,000,000 in a bonafide transaction and if you think, despite all you've read that Global Energy(Delong) is not a phantom
Extension of Ali and Guest then this price of $0.0014 MUST BE A GIFT FROM THE STOCK GODS.
Buy em up...
Of course... If you have your doubts, as I do, then maybe you should just sit this lil scam out.
She's confusing two PR's and blending the two into one.
She's blending the PR that stated a majority stakeholder potentially could increase its stake by 10% with the latest repurchase PR that stated UBRG repurchase, then cancelled, then returned 300,000,000 shares to their treasury.
There won't be a filing "because its a private company that purchased the majority."
WRONG!
UBRG, not some phantom private company, repurchased the 300,000,000 so whoever the Majority Owner is, isn't even involved in this except as the possible sellor of 300,000,000 shares.
This is absolute HIGHWAY ROBBERY for shareholders.
Ali and Guest said that they repurchased these shares to demonstrate their commitment to provide value to shareholders BUT:
1.) they privately negotiated with the owner of the shares a private deal, with private pricing, to repurchase the shares. For all anyone knows yet, Ali and Guest paid less than market fair value for the shares which means they repurchased UBRG Common stock for less than any shareholder had an opportunity to buy those shares at.
2.) they conducted a PRIVATE transaction, off the open market where had they bought the shares on the open market you can be sure this stock wouldn't have hit $0.0011.
They negotiated a private deal and repurchased the shares in a private deal and robbed shareholders of an accretive reaction on the stock which likely would have created far more value than the pump one day, business as usual sell the next did.
UBRG repurchased the shares... Since UBRG repurchased the shares and UBRG IS A PUBLICLY TRADED COMPANY there will be a SEC filing...unless of course the SEC now accepts PR's as filings on some brand new type of form... Maybe it'll be a SEC BS-101 form that accepts PR's as filings
Absolute shell game.
I do not doubt that shares changed hands but I suspect it was a left hand to right hand exchange v. a them to us legit purchase.
They simply did not have the cash...PERIOD.
Their MRQ cash was $18,000 which is far short of the cash needed for even the best deal on shares that I can imagine.
There simply isn't any way this isn't just "slight of hand" repurchasing...
And I think most everyone agrees...hence the MINUS 25% today on UBRG stock...
In fact... The stock never even saw a glimpse of green today.
Bill
"An office with 5 people in it pushing paper around doesn't have much overhead"
Ummm
Clearly they do... All of their quarterly and annual reports show their OVERHEAD costs exceed revenue.
Jon...
The Majority Stakeholder cannot just "gift" UBRG several hundreds of thousands of dollars so UBRG could buy back 300,000,000 shares.
You cannot pay your Visa bill with your Visa card and you shouldn't borrow cash from your MasterCard to pay your Visa bill...AND IF YOU DO, AND YOU JAVE SHAREHOLDERS you'd better let them know that you just took a cash advance from your MasterCard to pay your Visa...
What you should NEVER do, especially if you have shareholders is Borrow from your MasterCard and use the borrowed proceeds to pay off your Visa and announce "WXYZ" is proud to announce that they've eliminated debt"
Yeah...
But here's the problem with that:
The company has had a problem with the whole "net revenue" end of that equation. Historically their cost of revenue exceeds the revenue, hence the increasing debt.
Now I'm NOT saying a revenue swing can't happen BUT I am saying that a revenue swing of that magnitude IS a material event AND i dont think they would be able to change FY's without acknowledging a material event.
If this is on the up and up its a bonafide bullish event AND it would also be an event that I've stated repeatedly that I'd like to see before initiating a long position in the stock.
UBRG negotiated discounted shares for themselves in a private transaction? Fine...more power to them... But where did they get the cash?
Bill,
I'm CERTAIN that you cannot do a share buyback with debt financing but I don't know about share "repurchases"...
Serious... I don't see a difference but if it was a share buyback why not call it that?
What ever they call it is of little matter to me...
What matters is this
We know this company had $18k from their MRQ. I don't think it's possible that their net revenues exploded by 1000's of percent because that'd be a material event which requires reporting...
So...
Where'd they get the cash..
Bill...
Lets be clear...
You and I BOTH know the strict regulations surrounding buybacks, repurchases, transfers, etc so I believe that some sort of transfer DID occur...even if it be just on paper...
BUT WHERE they got the money is of paramount importance...
Jesse Jackson Jr and his wife are both headed to prison and probation because of "where the money came from".
UBRG has in the past GIVEN OUT SHARES TO SHAREHOLDERS...and how did they pay for that little gift to shareholders? They paid for it with shares that subsequently diluted the shares from over a penny to $0.0011.
So... If they issued some debt to buy these shares that's kind of important isn't it?
If you don't know the answer to the original two questions then just acknowledge it and ill seek answers from elsewhere but to say it doesn't matter where they got the money is ridiculous.
Linc...
Where did UBRG get the cash to buy 300,000,000 shares?
The PR very clearly said UBRG repurchased these shares in a privately negotiated deal, then conducted a private transaction, and then cancelled the shares.
So where did they get the money, and who did they privately negotiate with and subsequently purchase the shares from?
Based on today's sell volume and price action I'd say that a majority of traders have the same question ...because if those questions were answered and this transaction were legit you would think this stock would be struggling with between 15 and 25% losses today.
Hey Bill...
If this share repurchase is legit then today's depressed price from yesterday's close is a buy right?
I mean, you wrote that you grabbed some yesterday at $0.0012 on a gut feeling/hunch. Great buy.
But today...a buy at $0.0015 would be a good buy if this 300 ml share repurchase is legit...
So answer this... Because I'm not worried about a quick little flip trade...if this is a genuine candidate for an accumulation and hold:
Where did UBRG get the money to buy 300,000,000 shares?
The PR stated UBRG "repurchased" the shares. The PR DID NOT STATE that a Majority Stakeholder bought the shares. If a Majority Stakeholder bought the shares that'd be fine..because we don't know their financials...BUT WE KNOW UBRG's financials...and we know they had no cash. Even if they somehow held onto the MRQ cash ($18,000) that's not near enough cash to to buy 300m shares.
So, where did they get the cash and WHO Exactly did they but the shares from? According to the PR they privately negotiated the price and, in a private transaction they purchased the shares from SOMEONE...
Those questions need to be answered.
This WHOLE PR doesn't pass muster.
1.) where did they get the cash?
2.) exactly WHO did they negotiate the price with in this private transaction?
3.) The Co. Reports that they bought 300,000,000 shares and the stock goes from $0.0011 to $0.0020? Granted..that's nearly a 90% swing and a 53% climb from yesterday's close but it did it on 35 million volume... Call me stingy but this stock should have seen a much larger move if this repurchase was legit. I mean..I've witnessed 26 million share volume days on this stock WITH NO NEWS...so call me unimpressed when they have a 35 million share volume day on this kind of news.
4.) UBRG stock lost nearly 70% value since May(it's last Q) so WHEN exactly, while this stock fell and fell and fell did they buy and cancel the shares?
I hope it's the real deal. I hope that some longs get to make some
Of their money back BUT share buybacks are hugely regulated...the stiff regulation surrounding share repurchases lends credibility to it actually happening BUT how did they pay for it? I worry they financed it with more notes/warrants which would have a net dilutive effect.