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We already knew that little fact Bill...(Jp and Money being one in the same)
It's never been hidden or secret.
Not sure why that struck you as important though.
Maybe you're just upset Bill...but you shouldn't be... Your stock is now down 16% which is a good thing right? I mean... That means its being accumulated by Global Energy right?
Maybe you're upset because you listened to REASON. A few weeks back and sold at $0.0016 and then caved to inner demons and rebought those shares at $0.0018 and now you're seeing that you were right to sell and wrong to rebuy and have only increased your losses.
Want my phone number Bill? Want to chat it up? I have a gmail and regular email addy as well...
Awwwww jeez...
Looks to me like the insiders are at it again...
Yup...
They seem to be selling a few dollars worth of shares so they can turn around and buy millions at the lower price...
Hmmmmm...
So as I'm clear, because I'm apparently new to this universe... A insider will sell...say 50k shares at the bid...get the price to drop...do it again..then get the retail investors to sell...then get the price to drop again...and then turn around and buy portions of a 256 MILLION share lot in an effort to gather all 256 million shares ALL without the share price rising?
So...
While retail "mom and pops" are selling thousands, tens of thousands, hundreds of thousands, or millions of shares and making the price drop...the insider is buying a quarter of a BILLION shares and the stock price isn't going to rebound?
So over here in this universe when buying outnumbers selling the share price drops???
Okay... Check...got it.
So down is good...because it means its being accumulated...
UBRG stock is down 11.11% today... Which is good...according to some...with that line of thinking when it's down 20, 30, 40, or 50% that should be really, Really, REALLY GOOD!
Haaaaaa
Hilarious!
I remember seeing/watching this prank unfold.
The real comedy is that the website is still up. In fact, it's been up...there for all to see.
On the other hand, Universal Bionenergy's site remains...for the second time in 2013...down.
Haaaa
Bill you read the message wrong.
The wage, as it was written was a starting wage of 30k shares PER HOUR which is the equivalent of $45 bucks per hour. Based on a 40 hour work week with 52 weeks a year it works out to $93k a year. It wasn't suggesting a $30K salary.
The target wage was 56k SHARES per hour...
CFO's, on average make between $95 and $175k per year. That's an average of course as some make less or more.
The message was just for comedy though...pointing out that UBRG likely pays for the Orange County Register subscription with shares so why not pay their CFO in shares...
Anyhoo...
Sure....
Totally true...
Hey???
Does anyone know any CFO's who will work for a starting wage of 30,000 UBRG shares per hour with a target wage of 56,000 shares per hour?
If any of you longs know a CFO who wants shares in an emerging company (7 years old is just nit-picking...splitting hairs... ) then tell them to call Ali or Vinnie... They're looking for someone who can break the NT streak.
Interesting point Bill,
You forgot to mention that of the companies listed on that same page that I looked at where UBRG is listed, the 5 publicly traded companies had an average share price of $0.0045
Seems MBS just loves trading notes for web page services.
Gee... Some of you might be interested in one of MBS's winners... They proudly list Ecoloclean Industries... Quick little check of their stock price.... $0.0001.
Maybe for some of you with more cash to lose than you know what to do with you could pick HSPG. They're at $0.80. Of course they didn't trade a single share today but hey... Patience is key right?
What about something in the middle? How about another MBS affiliate... Say... Nacel (NCEN) or Crownbutte (CWBP)... They're in the $0.0040's and $0.0080's. Maybe those last two are more your speed??? Still plenty to lose on them as well.
Maybe... JUST MAYBE UBRG has defaulted on the notes with MBS. MAYBE MBS is one of the several note holders with guaranteed discounts to $0.002 and now that UBRG is 25% below that MBS wants an amendment to those/that note to give them a lower conversion price?
Lets face it... MBS knows what's up with penny stocks... Come to think of it I'd rather buy MBS stock...at least they know how to take money from the people who are taking money from you.
Hmmmmm what's MBS' ticker?
15 days until they file their next NT....
After that they'll have 15 more days to file their Q.
God only know how long it'll be after that until they file an amendment to the late Quarterly...
Of course, at the rate there going this stock will be $0.0007 or $0.0008.
Floor company guys and other bulls will be telling you, as they have with all other milestone drops that they are "loading up" at these prices while the bears tell you they've been telling you all along....
UBRG stock is a stock scam. One purpose... Take investors money and redistribute that money amongst Ali and Guest.
This stock should be on CNBC's American Greed.
I'm interested in the trade. Could care less about who the execs are or whether they frauds or not.
Here is a discipline that has served me well:
No stock, regardless of history, management, or cyclical trend should ever be discarded entirely, forever.
Eventually, even the worst stock will prove a price to be undervalued and therefore offer reasonable upside potential.
Following this stock and commenting on it is nothing more to me than filler for the in-between. Following and commenting on this stock fills the time between discovery and action upon it.
At $0.0038 the stock was overvalued.
At current prices it remains overvalued.
I believe that as the stock approaches the $0.000X's it MAY become more attractive as a trade with upside potential DUE solely to the trends that debt and equity financed company's and their underlying stocks often follow.
The reason I have more posts than others? If that's true I'd say I ask a lot of questions and try to answer some or otherwise just compare notes with other traders.
None of this is to say that I'm GOING to buy, rather that one of the disciplines I follow suggest that there may become a point in time where I feel the stock is undervalued and upside potential is greater than downside risk.
Now... Exactly what part of this message board TOS says I must own the stock or be short it or otherwise have anything more than "just an opinion" in order to participate? Where's the TOS that states I must have more than a discipline to participate in conversations here?
I don't know if I've helped anyone here. No idea. But I know the stock has lost some 60% it's value since I started watching it...and it'll likely lose another 60% before I reevaluate its merits.
The good news?
Longs here are probably only 1 NT "Not Timely" filing away and up to 15 days after that from seeing the quarterly info.
How many consecutive NT's will that be? 8 ? 9 ?
If anyone here had an employee so regularly late as UBRG YOU'D KNOW BEYOND A SHADOW OF A DOUBT that something is terribly wrong with that employee and you'd likely not invest much in that employees future with you...
But you see consecutive NT's for their quarterly and annual reports over two years, nearly three and willingly invest your money with them?
What about this? If that same tardy employee were to be late and then after reporting late the changed there stories repeatedly, what would you suspect?
Well here's UBRG with nearly AS MANY NT filings and Amendments to those late filings as all other filings combined!
"I'm a gambling man"
I respect that. I also know each and every investor worth their salt is an optimist. Two traits I admire.
$650 is a lot of money. I wish ya the best of luck with whatever you choose to do with it.
"Negative speculation is ridiculous"
Hmmmmm
So far it's saved me from the losses you've seen.
***********************************
Bill... You wrote that you think I know it could be a data issue. To be honest I've nearly zero experience in today's web hosting rules. I simply doubt that the account was suspended due to a data issue or a payment issue.
It's my belief that the account is suspended for other reasons.
"Fact is this website thing may be as simple as the data usage plan ran out before the end of the month because they purchased a cheap plan"
If this is the case then the website should be up again on the first of August? Is that right Bill?
I'm
Curious... Linc, Bill, others? How little is so little left that there's no point in preserving it and adding it to some other position or preserving it and using it as a base of capital to add to?
Bill???
Two weeks ago or so you wrote that you'd sold right? Maybe I misread but I thought you wrote something like "as of today, I'm out...good luck and I will check in on you"?
Linc,
Have you ever, or more pertinent, recently attempted to call UBRG?
I'm just curious because I have. I've never once been given a return phone call despite clearly identifying myself and the professional explanation for the reasons behind my inquiries.
I'm curious what UBRG is telling callers about reasons behind the website being suspended.
I referenced possible reasons behind why the website account was "suspended" and given that NDR's site is still up I am removing a possible reason "non payment" because why would they only remove one if it was a payment issue?
Linc, I have no idea what you started with in UBRG and what you have left but offer sincere condolences for what it's worth. I don't follow the "go down with the ship" because anything left is better than nothing left. In my view Ali, and Guest have DONE EVERYTHING they can to pump this stock since December of 2012 and all that's been proven since is that nothing can save the stock from a 66% dilution and the subsequent 2013 substantive toxic debt financing. What this means to me is that there simply will not be a Pump...but good luck.
UBRG WEBSITE SUSPENDED
While there can be a variety of reasons for suspension there are typically other terms to use if the event is due to something other than "suspension".
For example: a website which is being updated or improved they may say "website under construction".
Given the fact the the website states its been suspended I'd likely believe an enforcement agency has intervened and suspended the site for reasons which could include:
1.) Fraudulent content
2.) Misleading information
3.) Non payment
Where's the usual bulls who want to conclude that the Website is down because they're probably getting ready to announce something great?
When the website was down last time those same bulls were here and there claiming the site was down because the company was probably putting new and incredible content on it...the website came back up, had 3 and 4 year old contract news on it and the stock has lost 40% of its face value since.
It is my belief that this stock is a stock scam. It's sole purpose is to take investors money. I realize that some have lost a great deal of money on this stock and have little value left in position worth but a little is better than nothing and I believe any holders will lose whatever they have left if they continue to hold.
Cheer up Linc,
Where Wall Street taketh, Wall Street also giveth.
You know where this stock is in the cycle... Dilution.
It's got further to go too.
The company HAS to reverse split soon because they're going to be in default on their notes.
ASSUMING they amend the notes and survive long enough to R/S the stock will be between $0.10 and $0.30 (that's actually worse case ranges... I expect them to R/S sooner with a higher pre-R/S price range which would give them an est. post R/S of $0.90-&$1.20)
No matter the post R/S price we know the next phase of the cycle is more debt/equity financing that cleans up the balance sheet. After the balance sheet is clean, the freshly minted, newly re-named company will aggressively P&D which you can buy into, sell, and then take out deep OTM puts or sell deep OTM calls against and sit back and let them dilute it right back down to fractions of a penny.
I don't know Krysti...
I really don't. I'd imagine that you'd introduce yourself as a private capital investor...maybe do a lunch... Maybe have your people contact their people or maybe there is some twisted form of "match" .com that pairs up schemers with people who share a genuine desire to destroy Mom n Pop retail common shareholders.
I wouldn't give Ali and Guest a penny. Based on my research into the company they don't care who they take their money from which means even debt/equity financing participants would eventually be on the chopping block.
It's not like Ali and Guest care... They both are Presidents or CEO's of other companies and their income won't skip a beat when the UBRG house of cards falls apart.
A new 52 week low today at the open? I've said it before and I will say it again. The math cannot support this stock holding gains because the dilution outpaces any legitimate buying interest on the shares.
Any qualified investor can loan these two money... From the looks of their list of materially definitive agreements I doubt they'd turn down the daily OC Register in exchange for some notes n shares.
Seriously though, their qualified investor req. are listed. If you meet em, take your chances that these two care more about their note holders and preferred than they do commons.
Don't worry Sum,
The way Ali and Guest are setting this up you can participate in debt financing now or wait (my preference) until after their looming Reverse Split.
The risk of participating now is that we don't know how many shares have been issued or what's left of the authorized 3 billion, and Ali/Guest haven't defined a timeline on the R/S or if they'll meet the requirements to even perform a R/S. We also don't know if they've any collateral besides deeply discounted shares and if this stock drops below $0.0003 they'd be in default of specific standing notes.
Notes and warrants adjust pro rata for splits but the biggest risk is they won't meet capR,SHE req. etc and not only have no collateral but unable to conduct a R/S which would leave them in default.
Just wait til after they conduct a R/S, that's what I'd do. It'll burn current shareholders like a torch for this company to R/S and immediately take on more debt/equity financing but that's just what Ali and Guest show a proclivity to do.
OTC markets= Where lightning strikes the same place as often as unwary investors will allow.
Oh there's NO DOUBT UBRG has cut investors throats with their debt financing. Issuing notes with incredible interest rates are akin to going to a payday advance lender. Nobody uses payday advance lenders unless their options suck. The terms of these notes AND statements from the company indicate a very high risk and poor credit profile for UBRG.
As if the debt financing isn't bad enough, equity financing is giving away shares with incredible discounts.
If this company were a person, I'd expect their credit scores to be in the 400's and with no options other than to continue to use toxic financing until the common shareholders are destroyed.
There simply aren't any redeeming factors regarding this company, it's execs, or the underlying stock.
Ughhh
$0.0015?
It's almost as if someone is trying to make payroll or something.
Gee... If only someone, some group or person, some entity who had inside info would finally clue the rest of you longs in...
But no...
Down the stock goes...
All the way to 52 week lows.
I wish "faith" was all it took to lift this stock. This stock would be at 52 week highs if that's what drove it.
Instead, it's toxic debt that drives this stock.
"Here's 3.2 million bucks in cash... We are now front of the line and by the way... Pay us interest and dividends on that 3.2 million plus let us convert warrants and notes into deeply discounted shares so we can also sell those for a profit... We don't care which way your stock travels, because up, down, or sideways we make money on the difference between the a discounted price and the sell price so it's all good."
Well yes... Frogged, the downside could be ending soon.
Doesn't appear to be today but on a relative scale, there used to be over two whole pennies to go before this scam and investor fraud hit $0.0001 and now there is only $0.0016 to go...
So sure... Ending soon
That is... Until Ali and Guest are reminded that they'll default below $0.0003 and throw out that sweet little 1000:1 reverse split.
After that reverse split they'll offer a tidy little PR telling anyone who will listen that they did it so the share price more accurately reflects how awesome 2014 and beyond will be and then they'll start diluting the brand new 3 million shares faster than you can say "jimmy cracked corn" and a whole brand new phase of downside will begin.
Quick question ... If you bought $5000 worth of UBRG stock today at $.0017 and it fell to $0.0003 then did a 1000:1 R/S to equal $0.30 and then the company diluted 3 million shares into 9 million shares to pay off $3.2 million in debt how much of your $5000 would you have left?
Just curious... Was thinking of buying but just can't seem to figure the math out on that little scenario.
No matter what the answer... Anyone who bought above $0.01 would never be made whole.
Cede&Co is the DTC or rather, the DTC is Cede&Co. The DTC controls Cede&Co...like a pinky finger is controlled by a much more important central nervous system and arm.
Cede&Co was identified as the majority shareholder. Oversight of the dates is the biggest error I made. Big to be sure but not catastrophic because it led me to no loss not did I miss out on any gain because of it.
The best case scenario would have been that CEDE was the majority shareholder AND THAT they were the ones the PR was referring to because at least we know who CEDE is and can root out their net revenue.
Since it appears to be Global Energy Group we are all left with the exact same thing we had two days ago: no clear answer.
I find it odd and worthy of distrust that UBRG clearly identifies Global Emergy Group as an "affiliate" in the SEC Filing yet seems unwilling to disclose who they are...
A quick search of the name "Global Energy Group" yielded what seems to be zero pertinent results unless GEG is an affiliate from Africa or...Scotland?
In an ironic twist, I wanted the majority owner to be CEDE&Co...at least with that it gave some hope to the longs and a possible interest into a speculative position.
Thank goodness linc pointed out my mistake, and quite possibly saved me some money in doing so. Thanks Linc.
Kudos
The 10Q was dated March 31...
Not signed until May 20th so it included the April transaction and updated share amounts.
Linc,
Thank you for discovering my clear and now obvious oversight. Upon review, it would appear that Global Energy is in fact the largest shareholder and investor.
While I hate being wrong I'm never too prideful to accept that it happens.
To other readers: I've believed, through oversight, that CEDE was the majority shareholder. It is clear to me now that they are not and that Global Energy Group, through an unnamed controlling person is the majority holder. I'd hoped that readers would discover the owner got themselves versus just being given the answer. I apologize, humbly, for my error.
I see your point in the amended dates/ownership.
However... Back to Cede&Co:
They are the nominated owners of the shares. They are the nominees of The DTC.
I stress this point: as a private entity, they may do as they wish with the shares. They can distribute the shares, loan them out, or wallpaper a building with them. They remain the nominee and the largest shareholder.
With regards to the most recent dates: we know as a matter of record what the issued and outstanding share count is (less than 1 billion) and we also know what the authorized share number is 3 billion.
These are facts as stated in SEC filings and I won't debate stated facts with anyone based on her claimed phone call with Ali where he apparently divulged what is tantamount to insider information.
I do appreciate your input linc, it's been fun talking with you
Well,
I wouldn't say you're missing anything.
What you've got is Cede&Co (Face name for ownership purposes. Cede&Co is the DTC)WHO IS the share owner (what they, as a private company then do with those shares is entirely and utterly up to them. They can loan out those shares TO ANY BROKERAGE AND STILL ABSOLUTELY OWN THEM)and you've got Global Energy who was the purchasing party of 3.3 million dollars worth of promissory which is the EQUIVALENT of 1.6 billion shares.
Now... Since we Know Through filings that there are 3 billion shares authorized but less than 1 billion issued and outstanding we know that Global Energy only has the notes equivalent of 1.6 billion shares.
I hope you understand the difference.
***THIS NOTE IS IMPORTANT***:
Cede OWNS (per 10K/A) 350 million shares. (It is of particular interest that in the 10Q they held nearly 560 million shares and now in the amendment they own roughly 350 million shares).
Now... Does it seem odd that the company "UBRG" would issue a PR that their largest investor and shareholder is seeking to INCREASE their stake BUT they did not issue ANY PR stating that they ditched nearly 200 million shares as we now see as fact when we compare pages 20 of both the 10Q and 10K/A?
************************************************
Global Energy holds the equivalent of 3.3 million or nearly 1.6 billion shares which is the equivalent of roughly 61% of the total authorized shares (which are not issued) should they convert and hold all shares they'd be the majority shareholders. (Pg 24)
Kudos.
It's not suggesting anything. It's clearly saying that Global Energy was the purchasing party.
The 10Q and today's 10k/a also define who the majority shareholder is though today they modified the number of shares they own and modified the estimated total number of beneficial shareholders. Both were adjusted lower.
Hey Sum,
I am going to ask you point blank:
Do you know who the majority stake holder is?
I believe you do but am not sure.
Here's a hint for everyone else.
"I've given so many hints but here one more so you don't quit or give up, yield or surrender."
Last hint...
You know it's in the last 10ka
It's not an odd page to look at
Krysti,
Good work. Americapital Financial Corp, as recently as March 2013, updated their corporate profile and list good ol Vinnie as President.
Maybe he just like having diff. Business cards to hand out. Need me to sell your energy at loss? Here... This is my UBRG business card.
Need a mortgage? Oh, here's my ACFC card. Seriously? Who knows at this point.
Here's something though: this stock being a scam is just a theory UNTIL evidence emerges that suggests it really is a scam. No matter how whimsical or circumstantial the evidence may be, the more of it there is, the less likely it is to remain just a theory. The more evidence that emerges the more "this stock is a scam" becomes a possibility and the more evidence that emerges the more likely it is to be probable.
You see my point? You, me, others... We see evidence that this stock is a scam. That means its no longer a theory. In order to remain a theory there must be no proof it's a scam. Since we've found proof and the proof just keeps piling up then it moves out of theory and into the realm of possibilities and finally into probability.
Hey Bill. I've explained my pedigree in the past. Yeah, I've traded a security or two professionally but now I just do it recreationally. I am not taunting readers with the answer of "who" the majority stakeholder is. It's public info. It's quite literally in black and white. It's a multi-billion dollar private company and its name is in UBRG's latest 10-Q. I realize its a tedious document to read from TOP to BOTTOM. But I promise you and others that its in there and I promise you'll all feel better reading it and finding it for yourself than having some guy you make fun of and don't like tell you who it is.
Easy answer:
It's not Global Energy. Global Energy is not their largest stakeholder therefore we don't have to try to figure out "which" global energy it may be because it isn't any of them.
How do I know?
Easy answer again: Their largest stakeholder is a matter of public record and easily discoverable by anyone with reasonable means to do so.
Hey Jon,
That's not so bad...
I've seen Pump and Dumps offer far greater returns than the 900% return you need to break even.
They're rare... But they happen. Good luck and I'm glad to hear you had a few positive carry trades that are helping offset some current negative carry.
Haaaa
Krysti, I've no idea how many posts I've written about the "trio" on here and Yazoo...
Did you know you're the VERY first person who's called me on this?
Does it make you wonder?
Don't you find it odd that nobody else has corrected me on this?
I mean I clearly know who Vinnie is...I even know Mr. Vincent "M" Guest dabbles in mortgage services.
Thanks...for being "the one".
Good luck Jon,
If its any consolation I hope the private company buys shares outright and retires them which will lift the stock price directly and indirectly (retiring shares clearly negates some dilution and reverses the effect of dilution seen in the stock price while showing a resistance towards further dilution would likely, indirectly affect the shares in a positive way as future investors may have brighter views and be willing to invest more)
If you don't mind me asking. What is your current cost average on your entire ownership? I only want to know so I know what price to cheer for you at. You've no obligation to answer.
You know what Jon,
I don't know. I mean, as an optimist I'd hope they want control and aim to turn this company around while making ALL shareholders wealthy.
Unfortunately, my optimism must yield to more realist views:
This "MS" isn't a new owner and they've had years to direct the company. In the absence of proof, I must assume that they are quite happy with the revenues they've earned from selling shares they receive at a discount for a profit while unfortunately diluting shareholders.
Lets face it Jon, according to the private company's own info they're a multi-billion dollar revenue company with a greater than 10% profit margin on that revenue. That profit is coming from somewhere and it's my guess that no small part of that profit has come from revenues gained from converting UBRG warrants and notes into shares and selling the discounted shares for the profitable margin between the price the got the shares and the price they turned and sold them at.
No Bill,
Not at all. Guest, Ali, and Martinez have no desk drawer with 256 million shares.
Neither of the three have any association with the private company whatsoever. I know because I've checked.
In fact, the only good news about this whole "majority stakeholder" fluffy PR is the FACT that none of the three have their hands even remotely close to this private company.
Their only relationship to the private company is they are owned by them. Kinda like how someone with a home mortgage is "owned" by the bank who holds the note.
In my opinion, it's great they've got no reach into this company because they seem to pretty much kill any business they touch.
I wonder how long Guests mortgage servicing company that he's the president of will last. Do you find it odd that he's the CEO of this company and president of a Ca. loan servicing company too? I certainly do.
Anyway...look...if this private company extending their ownership is true it'll be good for shareholders AS LONG AS they actually buy shares and retire them. If they just give the company more cash in exchange for share issuances, convertibles notes and warrants then it'll literally wipe longs out.
Keep your fingers crossed I guess...because that's worked so well for so many of you so far.
Yes. There have been restrictions on their shares, but as I've said before and SEC filings confirm these notes, warrants and shares have been held for considerable periods of time past restriction dates.
The latest filing even considering the debt instruments show virtually no restrictions remain in force though you'd have to read their latest SEC filing regarding debt issuances to confirm the exact date.
Yes.
I know who the majority "stakeholder" (chuckles at steak holder) is.
I also know they've been a majority stakeholder so it's not like its some new position.
Their motive to be a major stakeholder seems clear enough: They began offering UBRG cash in exchange for warrants, convertible notes, and shares or "units" (units are combinations of two or more securities eg: a unit might be shares and warrants, convertible notes and shares, or a package of shares, warrants and convertible notes).
The sole purpose of being a majority stakeholder is to call the shots. Just like you and I, when we invest in a company we are doing so in a few ways:
1.) we buy common shares in hopes they'll rise in value over a given period of time
2.) we buy preferred shares hoping they'll rise in value over a given period of time AND the preferred shares offer an attractive dividend
3.) we buy the company debt in exchange for warrants, shares, or convertible features in exchange for regular interest payments on the debt and the bonus of receiving shares via debt features at a discounted price to market value as added security to sell at a letter date.
4.) we directly loan the company money in exchange for shares, warrants or convertible notes for similar reasons to #3
As investors we recognize pecking order: bond holder being the most secure, then preferred, and way down at the bottom is common share stakes.
Now, lets say you really wanted a "say" that influenced the steerage of a company. The best way to do that is to become majority owner. A true majority owner (the private company is a true majority owner) gets to literally use voting power to set conversion rates, discount terms etc. In a great company where they're truly looking out for shareholders and all class of investors a majority owner can be the investors best friend. In UBRG's case I worry that it is more like the fox guarding the henhouse.
A lot of people think "they want to own shares so this must mean they see a bright future in the company" and that is a mistake to always think that way. In UBRG's case the majority owner seems to want control over terms and agreements which sets discount rates and their ownership of shares, warrants, and convertible notes is simply A VEHICLE they use to make money. It does not appear to be a bullish based ownership model.
ALL THAT SAID...It is of note THAT:
1.) UBRG has not posted this PR regarding a potential increased stake to their own website
And
2.) the private company has not listed their possible intent to increase their stake in any fashion on their own website.
Now, the private company doesn't have to list anything. They are privately held and free to keep wraps on anything they choose.
UBRG is publicly held and I don't see a reason why they wouldn't post this PR on their website...to date they have not...but they've posted other PR's to their website
In my opinion, the failure to post this PR directly to their website says "we want to distance ourselves from this PR" Why would they do that?
Now in fairness... And the final note here is this :
If, (and I mean IF) this PR is an accurate reflection of the private company's intent to buy and retire 256 million shares it would be a large positive for existing shareholders. But UBRG didn't exactly say that the majority stakeholder would buy shares... They simply said the majority stakeholder might be looking into increasing their stake WHICH if they do it through more warrants, more share issuances or convertible notes it'll destroy current shareholders through dilution.
So, I guess longs should hope this is the one PR out of dozens that UBRG actually follows through with and hope that the private company buys shares and retires them.
Me? I don't believe any of it. I do not believe that this private company wants shares to retire them.
"I know it, you know it, and now the whole world knows it"
Gee Joe... It's gonna take the whole whole world to own some of this garbage at this rate of dilution. There's almost one share for every two people on the planet. I sure hope Mogatu and Gwanta over there in Papa New Guinea have saved up $0.0017 so they can do their part.
Your next post stated that UBRG could still see the "trips" before the worlds most amazing run?
Can a paraphrase?
"UBRG could suck and get cut in half before going on an awesome run higher that'll never make anyone who bought above $0.015 whole"
Yeah...
Ill pass
The scam isn't even close to done.
The share price will continue to see dilutive pressure and then Ali, Guest, and Martinez will surprise shareholders after the closing bell with notice of a reverse split. I imagine they'll also announce a new company name.
Shortly after the R/S they'll announce a secondary issuance or an offering for notes or warrants and then they'll announce that the offering will leave them debt free.
The share price post split will plunge on the offering and then actually could rise with what appears to be a clean balance sheet...
And that's where they'll start trapping brand new longs who will suffer the same fate so many longs already have since the company became UBRG.
Not even close to done.
The true injustice here is that Ali, Guest, and Martinez are allowed to run this scam stock and steal from investors through nothing more than parlour tricks.
These three should be facing criminal charges and massive, wealth revoking civil suits. Unfortunate, too many of you won't pick up the phone and call your State Attorney Generals office and seek relief under each applicable states Investor Fraud Dept. (go to your SAG website and find the number as they are all dif than Ca's.
If you were extremely confident a bottom were in, and despite knowing what you know about company financials and management dilute to play attitude, would you buy here, sell into the upside and then short or would you just open a short position?