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Ohhhh Gold...
C'mon... I've got so little faith in the general intelligence of longs here, please don't test what faith I do have by acknowledging that you believe I'm here, somehow in convert with nefarious others to erode sentiment and negatively impact the share price.
If you actually did believe that, it would mean that you're turning a blind eye to this fact:
The company is attempting to pay off 3.52 million dollars in balance sheet debt AND pay 3/4's of a million dollars in quarterly losses and SG&A costs WITH SHARES THAT have a value of $0.0015?!?!?
This company is trying to pay off (quarterly) interest on 3.52 million in debt and $750,000 in quarterly losses/SG&A costs with a stock that costs $0.0015 and you don't really believe that my few posts a day are the reason the shares are falling do you?
It takes over 666 shares to pay off $1 (one dollar) and they're using those $0.0015 shares to try and cover the quarterly interest on debt and payroll, and ALL operating costs with those shares.
Do the math... Spend a minute on the calculator...and you'll see why the shares are falling. Please tell me you're smart enough to see that.
OUCH!
Brand new historical low on the bid.
$0.0014 on the bid as Ali, Guest, and Martinez prep the 10,000,000 share payroll issuance.
Looks like it'll be a good weekend for them and their trophy gals.
Ali, Guest and Martinez don't care about shareholders. They are only using the stock as a scam to take investors money. The further this thing drops, the clearer that fact becomes.
Any of you longs got that "pit in your stomach", or are you so beaten up that you literally don't care anymore?
So often when I see a stock that's plunged 44-50% in a one month time period I can find value to owning it.
Perhaps the company is sitting on some cash, or non cash assets, or maybe some pipeline whopper or something.
UBRG? No cash. To point a fact, they owe nearly 3x their market cap. Their debt is 3.52 million and their market cap is $1.28 million... So they owe nearly three times their market cap in debt.
Assets? None. Any non cash assets are wiped out by debt.
Pipeline? Well... Lets look. A quick glance at their website with 3 year old grandiose plans that never came true lends me to believe that more current grandiose plans won't materialize either so ZERO pipeline.
Lets not forget... Lets not forget the constant share issuances (I for one cannot wait to see their next 10Q... It'll be prefaced with their 9th consecutive NT Filing (that's a filing a company must process to the SEC when they know they're going to miss filing deadlines and need an extension) and you know what it'll show? That 10Q will show a dramatic increase in the Issued and Outstanding share count.
But yeah... Some people here think the share price is dropping because a mystery buyer is manipulating the share price lower so they can buy on the cheap. Some people here are dense enough that they actually believe that the share price is falling for any other reason than the constant pressure of massive share issuances which UBRG needs to literally keep the lights on. Some people believe the shre price is falling because of board negativity instead of the real reason which is : the company's only real revenue stream is dilutive share issuances as, according to SEC balance sheets all their contracts cost more to attain and retain than they make.
Haaaaa
Ummmm
Locks? You might want to read two or three of their latest SEC filing...
You see, in there they define two certainties:
1.) A name change.
2.) A reverse split
As far as triple nuts and you getting old goes? Well, you're growing old regardless and it seems odd that you'd argue you've been holding the shares and waiting for triple nuts for years when simple math shows your 33% away from it being true and today's massive 25% no news haircut just about destroyed any long argument.
But hey... Let me guess... You're gonna buy more?
Shocking math forecast for current longs and potential investors:
It's been said by people on this board that UBRG is waiting for great news is ready to conduct a 1000:1 reverse split. A reverse split takes all existing shares counts and divides them by the split ratio while multiplying the share price by the same proportionate amount.
Example: currently UBRG has 3 billion shares. A R/S of 1000:1 would bring the total shares to 3 million.
If a R/S occurred tomorrow before the open the stock price would be $1.50. If you had 1 million shares tonight, you'd have 1000 shares at the open tomorrow.
According to UBRG's latest 10Q (Filed after a NT (not timely) filing on May 27th, 2013) the company has 3.5 million in debt.
At current pricing and post an immediate R/S the company could issue roughly 3 million shares/notes/warrants with a conversion discount of 33% ($1.00) and completely eliminate balance sheet debt.
This issuance would represent a 50% dilution (3 million existing shares + 3 million convertible notes/warrants/units (units are combinations of shares, notes, or warrants).
So... The stock closed at $0.0015 and after the post split dilutive issuance the pre split price would equal a pre-split price of $0.00075 and a post split price of $0.75.
They'd have zero balance sheet debt and half a chance of applying previous debt costs towards net revenue and generating a profit per share.
If they'd done the R/S over a month ago, the post split price would have been $3.80. There would still be 3 million shares BUT they'd have only needed to issue 1 million shares with a < 7.5% discount on the notes/warrants/shares (3.80-3.52 = $0.28. $0.28 = 7.34% of $3.80).
So they'd have seen a 33% dilution post split price of $2.55 or a pre-split adjusted price of $0.0010. and zero balance sheet debt.
Now... Assuming that Ali, Guest, and Martinez are in fact adhering to their fiduciary responsibility to shareholders WHICH scenario is better for shareholders?
What about a scenario where the reverse split ration COULD HAVE BEEN LOWER, leaving shareholders more shares AND still paying off balance sheet debt ?
So.... Those of you thinking "they're waiting for great news to support the stock post a split"? Great news would be zero debt... And I don't know about you but if I had shares I'd prefer to have that kind of news with as many shares as possible and as high a share price as possible.
Last math: if you bought this stock at $0.015? Post split @$0.0038 scenario you'd need roughly 500% gain on the stock to break even ($12.75 per share).
For those of you who bought at $0.015 or higher at today's price and R/S ratio you'd need to see AT LEAST a 1300% return post split adjust price of $20.15.
Which of those scenarios seems best for the shareholder? Still think Ali, Guest, Solomon have your best interests as shareholders at heart? Or are you seeing the light and really starting to see that they don't care about you. They care about issuing shares to make their $174,000 per year salaries and NOTHING ELSE.
(Note: all scenarios are split (minus) hypothetical issuance valuations (minus) hypothetical best case scenario discounts (multiplied by) .0015 (minus pre-split adjustment of 50% or pre split adjustment of 33% depending on scenario)
Bill...
If its any consolation at all, I've made some pretty big and costly mistakes and it was only in retrospect that I learned from them (mostly because I was always a wizard at trading and couldn't buy a mistake if I tried).
To this day I remember my first bad trade. Man it went bad quick too. Humbling and costly is how I'd sum it up.
Throughout my trading career I'd make a mistake here n there but it wasn't until late in my career that I made my worst. Though not catastrophic, it was a mistake that was caused by arrogance and ignorance. A tough pill to swallow for a seasoned vet.
Now... I'm still a lil arrogant and a lil egotistical but... (Don't take my word for it... Ask Wilma)
Walking away from UBRG stung but I got to tell you, down the road when this stock is much lower you'll breathe a sigh of relief that you sold.
For what it's worth I am sorry you lost some money. You seem very smart and I'm sure you generally excel in your endeavors...which means you'll excel again, maybe in a better timed buy of UBRG (or whatever they're calling themselves down the road) or in a different stock.
Hope you stay in touch.
Gold...
It beats the nonsense pumps of a few who's just as soon trap others because misery loves company.
If reading bearish views/opinions of a company who's stock so poorly performs is toxic to you then turn it off.
I own plenty of stocks, and each board has bulls and bears. Ill debate the merits of each side with anyone smart enough to debate me.
If I were a new investor I for one would appreciate bearish views and bullish ones which guide me towards outlying resources to perform better DD.
Are you going to sit there behind your screen and honestly say that if you knew then, what you know now that you'd still buy this stock?
I haven't just blindly bashed this stock. I've cited reference material in the form of PR's, SEC filings, contact numbers, Merriam Webster definitions, Investopedia definitions, etc!
Had you read my posts and used those references and seen past fluffy PR's are you going to say you'd still have bought? That you'd have disregarded bonafide definitions, bonafide examples, bonafide SEC filings and utterly ignored the advice of someone who has clearly demonstrated that he's vastly more experienced than you?
Bearish views can be helpful...they can be insightful and they can provide keen steerage in a low visibility environment. They are as essential as any valid bullish view.
They are a necessary yin to a yang.
I couldn't agree more Sum. I made a good call dodging this stock at $0.01 and again at $0.0038.
I wholeheartedly know this stock is an absolute scam. There's a reason why Ali, Guest, and Martinez don't offer an investor day and some spit in the face is just one of them.
In ally years of investing I've always despised this stock scam. The fact it still exists is proof, beyond reasonable doubt that both The SEC and FINRA will never really ever try to eliminate it because even as a scam, it brings capital to markets which must have capital.
The SEC and FINRA, largely (there are some good folks who work for both on the behalf of retail investors) literally allow these scams to persist and Ali, Guest, and Martinez count on the "blind eye" of the organizations.
I hate. I mean really, truly, deeply, hate Guest, Ali, and Martinez for their scam, for the fraud they've perpetrated, and for the lives they've hurt and for the irrevocable distrust they perpetuate.
Long after this stock has disappeared and shareholders have been wiped out, previous share holders will forever distrust the markets and suffer the type of hurt only a victim of any crime could feel.
Ali, Guest and Martinez aren't just taking people's money... They're financial assailants creating real life victims who will suffer, as all victims do, a form of PTSD... Post traumatic stress syndrome. They'll be wrought with denial, (won't believe it's a scam), anger (mad it's a scam and they've been taken), bargaining (pleading for any way out, pleading to God, pleading on message boards) depression (sad they've been played the fool), and finally acceptance (accepting they've lost untold personal fortunes) and finally... The untold/unspoken of last stage.... The scar. The deep emotional scar.
You see... That's why I personally hate Ali, Guest and Martinez. They're not just running some victimless scam.. They're creating real victims. Causing real hurt. A case could be made that hurting them is just self defense because TRUST THIS... They will not stop hurting people until they ARE STOPPED BY someone.
Yes readers... I don't have to own the stock to hate them... I've been around te block and know the hurt they cause. So those of who who think I'm just some short trying to wrong money out of this as it drops? You're wrong! Those of you who think I'm trying to get the share price lower so I can buy? You're Wrong! Those of you who think im working in concert with others for general share price manipulation? You're wrong!
Well that's one way to do it I guess...
Phew...
There it is...
There's that 11 million share sale...
We've been waiting Tuesday n Wednesday for it and it finally came on Thursday. One more of those tomorrow and Ali, Guest, and Martinez will be able to make payroll before the weekend.
So what Wilma?
Maybe he sees the interest on the bid just as I do... Maybe he saw the $0.0016 and the following behind the $0.0015 just as I do and made the HUGE LEAP that the stock is "headed" or appears to be headed towards a brand new 52 week and historical low.
$0.0015 on the bid?
How low will she go today?
Where's all the "let it drop because that means its being bought" folks?
Where's her highness telling you all it can't be a dilution fraud because she's talked to Ali and he says its not a scam?
This stock price sure could use some more toothless PR's.
Sheesh... What a nightmare for investors.
There's little doubt that the company will change their name, their ticker symbol, and conduct a 1000:1 reverse split because the company has said as much in SEC filings.
They claim the name change will better reflect their company strategy but the reality is that they simply need a new name because they've soiled the one they have. They need to attract new naive investors and the best way to do that is to distance themselves, through nothing more than muddy water, as far as possible from UBRG and the stocks 3 year performance.
They claim they need a R/S so the price better reflects the company. The reality is that most stocks accurately reflect the company history and factor in the future. At $0.0017, the stock price absolutely reflect what Ali, Guest, and Martinez and all a R/S will do is effectively hide (to anyone not smart enough to investigate) fool potential new investors.
Look... Lots of companies change their names and do r/s. look at C.
They have changed from Citi, to Citibank to Citigroup AND done a R/S and look at their shareholders success...
But UBRG is only going to do these things to HIDE...TO FOOL AND TO LEGALLY DECEIVE the unwary. It's a terrible scam and I wish terrible things for the three for being con men that have hurt and willfully will hurt others on purpose.
I'm serious... They KNOW EXACTLY WHAT THEY'RE DOING... They know they're stealing... They know they are frauds.
WHY DO YOU THINK THEY WON'T FACE INVESTORS??? They won't because they aren't stupid. They know they'd get their rear ends kicked... They know they are frauds and schemers ... It's a shame they are even allowed a lifestyle off their lack of humanity.
I have. I have read all the folklore surrounding the absurdly high "sell price" with a good til cancelled.
To those who haven't, there's a widely held belief that if you enter a sell order well above the actual price and lock the order down with a "Good until Complete" execution order that it could result in a fat fingered (accidental) trade execution or somehow force "malevolent participants" to meet that price.
However, it's myth. Like all myths there is some events linking the myth to a reality and here's the reality:
The trade is known as a "Chop" trade. Where a equity is bought for pennies or fractions of and then sold for dollars when the stock price is briefly and illegally raised above the execution price, and sold for massive profits. The owner of the shares and the MM then split the proceeds off the books.
Highly illegal. Regulated and easy to spot, your assets would be frozen even if you benefited without knowledge or cause. Your gains would be seized and withdrawn as in all cases where gains are made from an illegal action. Ultimately you'd be given back the capital you had prior to the event.
Call me a dream dasher... Sorry.
The VERY FACT that he (assuming Wilma's story accurately reflects the phone call discussion topics) conveyed MATERIAL information in such a manner is blatant disregard for SEC/FINRA regulations.
You simply CANNOT tell one investor something while leading the masses down the primrose path. It flies in the face of all rules surrounding dissemination of material data. I don't know about you, but I'd say with certainty that the timeliness of the China deals are supremely material.
What Wilma needs to do is contact the SEC, get deposed, write a statement of fact(s), and offer up any evidence of the phone conversations that she has which could help her/others recover losses or portions of losses going forward.
I've no reason to not believe Wilma was told what she claims to have been told. I have every reason to suspect she was taken advantage of by a con man who's simply running his con and told her all sorts of enticing fractions of a whole in an effort to take her money. I believe he knowingly, purposefully, and maliciously targeted her as soon as he accepted the call upon identifying her as a "mark" to take money from.
Bill, et al,
There should be little doubt re: scope and purpose of the share expansion, outlined here from December, 2012 filing:
"Management believes that the shareholders would likely receive greater potential financial rewards by means of increased revenues, earnings, a significant increase in the price of the stock, greater market value of the Company, increased assets and more liquidity. The Company is aggressively preparing for rapid growth and expansion through some planned major mergers and acquisitions. Additionally, based on the type and size of transactions that the Company is working on, it needs to have the shares available to it and the flexibility to meet those need and goals. The purpose of increasing the number of shares of common stock is to use them for business and financial purposes, including raising capital, for mergers and acquisitions, acquiring products or services in exchange for stock, attracting and retaining employees, increasing our shareholder base, and being able to respond rapidly to opportunities that arise in the marketplace. The raising of additional capital through the sale of equity may result in a dilution of the current shareholders interests. However, management anticipates that the shareholders would likely receive greater potential financial rewards by means of a significant increase in the price of the stock, greater market value of the Company, and more liquidity. "
This share expansion was terribly dilutive BUT BUT BUT we see it all the time. In a capital and equity based world it is exactly WHY shares are created and shareholders are sought after. From the very beginning of time, (businesses who sought expansion beyond their capital resources) businesses would seek out stakeholders (shareholders) to fund such endeavors and benefit from gains or offset the financial risk.
I've no heartburn with most any company issuing shares.
The key here with UBRG is that their blatant misrepresentations of all other promises to shareholders casts severe doubt on virtually anything they say. Cry wolf one too many times and pretty soon, should a real wolf appear, no one will care. This company has made so many hollow promises that its nearly impossible to distinguish fact from fiction which is the sole reason I believe the stock should be avoided.
Despite grandiose PR's, the stock sits at record lows and the long term trend in the share price tells me that with the exception of some retail folks, Wall Street broadly ignores the claims, and the stock.
What shareholders need from the company is simple. They need to see actual, bonafide, audited results. The company has, it seems since inception, simply used shares to bankroll Ali, Guest, and Martinez with absolutely ZERO benefit to shareholders who've invested v. traded the stock.
In my experience, the constant dilution and never-ending "all words, no walk" PR stream spells scam.
Scam stocks are well documented and defined and UBRG fits comfortably into the definition. Constant stock issuances, zero results. Constant distant promises, zero results. 8 NT filings (huge red flag... Tough to find the right "pay to play " auditor). Murky PR's and even murkier management behavior (accepting calls from individual investors, disclosing tantalizing material info to them but failing to back it up with SEC filings), and withholding material information. It all spells scam.
Don't get me wrong... I'm not against buying the stock of a company with questionable history if there's upside. Who am I to turn down a profitable trade. But the price has to be right and UBRG Captains (Ali, Guest, and Martinez) have made it virtually impossible to determine which price would be right.
These guys at UBRG have hurt so many people... They've ruined some investors. AND THEY DON'T CARE. Not one little bit. I read as ProUBRG makes desperate pleas to mgmt and I feel bad because I know what he doesn't: They're not listening. They're too busy scheming up the next scam to ensure their way of life continues uninterrupted.
Haaaaa
He didn't ...
They were authorized TWO.... (2) more billions.
The shares didn't rise because the stakeholders buying the shares did not retire them.
They're still there and what's worse they're coming back into the market as shares from converted notes which increases the outstanding share count.
It doesn't matter if AAPL wanted to get into the stock scam business and they bought the shares from a mathematic point of view(would sure matter from a sentiment pointnof view though)unless AAPL bought the shares and retired them.
You see... It doesn't matter who buys them... Which stakeholder owns them... As long as they exist the purchase alone doesn't change the count...though it could change the sentiment.
Now... To further comicate it some readers might be like "WAIT! So JP you're saying that someone buying 250 million shares would not raise the share price ?"
And that's not what I'm saying...what I'm saying is that while the stakeholders increased the shares they held UBRG extended the TOTAL NUMBER OF SHARES WHICH EXIST IN THE WHOLE UNIVERSE from 1 billion to 3 billion wich can pretty much moot any stakeholder buying...unless they retire shares or buy shares at a clip which paces the dilution.
Okay... I'm not sure I understood everything you wrote but I can correct you with this regard...
According to their latest filing there are 852 million shares Issued and Outstanding (of that amount how many of those which are trading is the float.... I clarify this because you seem to confuse Issued and Outsanding share counts as the float when that is not the case... I/O shares- minus shares held by institutions, company , retail etc is the float.) and 3 billion authorized.
When you issue new shares, you don't get to pick and choose which shares are diluted. If you issue more preferred then the preferred get diluted.. Each one of them regardless of the holder.
When you dilute the commons, as UBRG did by 67% then all of the commons get diluted regardless of whom they are held by.
So even if a majority stake holder took up those shares they still were diluted AND the only way shares can get less diluted is by:
1.) share buyback and retirement
2.)3rd party purchaser and retirement
3.) Reverse split.
You don't have to take my word for it either. If there were any evidence that a majority stakeholder were retiring shares you'd see a price rise and those gains would be kept as long as the retirement outpaced the issuance WHICH IN THIS CASE it has not.
I need to add that in the same quarter ending 2012 there were 673 million shares I/O. And ONLY 1 BILLION AUTHORIZED ....
Now put on your math cap... 673 million shares I/O then... And now 853 million (25% increase in I/O) and 3 BILLION authorized ( 67% total dilution)
Haaaaa
OMGOD!!!
Somebody just bought 19,000 shares...
SERIOUSLY!!!???
If only they knew how much heartburn $38 bucks is going to bring em....
I'd rather eat $38 bucks in Taco Bell than own 19K shares...
Ill confess too. I have... It has crossed my mind about a hundred times probably this week to go ahead and buy maybe $5k worth n see what happens...but I never ever buy a stock after my daily bit o scotch and by the time the morning comes the urge is gone.
Jacapo...
If you truly think its anything but dilutive share issuances and dilutive convertible note features killing the stock then I'd direct you towards their SEC filings.
Look... When this stock was much much higher they had what? A hundred million shares O/S?
Now look... 3 Billion.
Here's an interesting note...
In December 2012 the stock was at $0.0050 range and falling.
The stock, after that SEC filing has almost thoroughly been in the red and falling save only a handful of days where it closed even, or climbed only to give back those gains and continue falling.
Now... We know it was a 67% dilution so we figure out a price range for a 10 day period surrounding the SEC filing and that gives us an idea on the settle price.... Which very closely looks like the range the stock has been in here at $0.0016 to $0.0020.
The drop was a given. It had to happen and everyone knew it'd drop by at least 67%.
This isn't naked shorting. It isn't who buys where or sells where. This has virtually nothing to do with traders as much as it has everything to do with the dilution the company assigned. They filed for a 67% dilution of the shares and the share price reacted in kind.
Sum,
Yeah.. We were discussing MM's and off topic but not point.
You're absolutely right...the MM's have nothing to do with this junk stock or its price direction. It has everything to do with their dilutive share issuances/convertible note features.
As far as your last point goes
AND BINGO WAS HIS NAME-O.
The whole REASON nobody cares that Ali, Guest, and Martinez are saying their largest investor MAY BE "considering" another 10% is because MOST everyone knows its an outright misrepresentation of the truth behind it.
It cannot happen. "The Investor" quite honestly is not what Ali, Guest, and Martinez would like the naive to believe.
Haaaaa
It's not a ditch. It's a chasm. It's a dark hole in the ground for the naive to toss money into.
Hey B? What's your break even price on this thing anyway?
Just curious. Not poking fun... I've made my mistakes too.
Just curious because I like rooting for you and some others and like to know when to really start cheering
B,
When I discuss the frustration I feel regarding the retail trading platforms it is because I know the statistics and I know that those platforms are crap.
A MM is not Etrade...though Etrade has market makers.
An exchange for example has multiple MM's and quite often a full pit crew for one single equity. A MM is the first person EVERYONE (SEC/FINRA ETC ETC) looks at for any allegation of impropriety.
Me going on and on about how Etrade and Schwab and TD are money traps is a one sided view because I've never used them personally (I trade on a DAT and custom platform) and never will.
Having been around just a lil longer than most and given my trade , I know more about MM's than most.
(If you know DAT, you'll understand the close relationship between a trader and MM using that platform).
At any rate... I read what you quoted me as saying... I am not trying to confuse... Etrade and TD etc... They have MM's but they have them because they are brokerages. If you're looking for manipulation through their MM's look elsewhere. It's widely known they'd tear each other apart if they had one shred of evidence that Etrade or Schwab were clean brokerages and TD or whoever else were manipulating retailers stocks.
M&M's?
Don't blame M&M's man. All they do is promise melt in your mouth, not in your hands. My favorite is green.
You can blame the Market Makers (MM's) if you'd like but market makers provide liquidity and a lot of traders don't know the risk they carry to facilitate a trade.
Everyone LOVES to blame the MM but very few know the reality of what the MM does NOR do they know that a Market Maker faces the highest level of scrutiny in all of Wall Street. Their every move is monitored by the SEC and FINRA. Serious... Most people could never ever live up to the stress of that level of over watch. It's mind numbing. You're "the guy" which the trades go through and in a position of vast power to make a trade and the SEC knows... I mean they REALLY KNOW that the MM can so easily manipulate price.
You'd pass a brick out your rectum if you knew...and if you knew you'd quit blaming the MM's because you'd know how strictly regulated they are which limits any manipulation.
True story.
Your money and time would be better spent kissing a quarter and tossing it into a fountain...oops... Wait...that's like 125 shares and Ali, Guest, and Martinez need you to buy those 125 shares with that quarter to help make payroll on Friday. Every little bit helps.
Weird....
It's already Wednesday and there hasn't been any PR's out of The Super Trio over there at UBRG's Global Headquarters.
What gives? Normally by this time in the week they've given the naive cult like followers a few juicy tidbits about how late 2013 or 2014 will finally be the year!
Maybe the folks over at "We Pump Your Stock Inc" are having problems with their copy machine/fax ?
Maybe Team UBRG are rummaging through ideas and looking at each other saying "Ali: This one... It's about vague new contracts ? Guest: Nope we've used that promise of wealth like 10 times this year! Martinez: How about this one about China Deal almost ready to be almost ready? Ali: nope, we ran that one in June..! Guest: we could always run another story about an investor MAY be looking at buying more of our shares! Ali: I don't think we should... The SEC knows there's only two beneficial owners and they're listed in our March 31, 2013 filing... If we run that one again we could get in trouble...
Ali: Lets get some coffee...Guest: it's hump day... Lets make it a cocktail".
Boom... No PR's for YOU!
Ahhhhhh
I'd wish as much for you...but we've all seen what the modern day crusher does to a car... It reduces a car to a 2x2 meter cube of scrap metal...
And the scrap metal is spoken for... It's what Ali, Solomon, and Guest use as collateral against weekly share issuances.
I see someone has a "sell these converted shares I got for a discount so sell for anything" bid in at $0.0016
UBRG... A stock where dreams go to die.
Hey...
In all seriousness:
If you take a look at their latest SEC Filing...March 31st 2013... And look at their largest beneficial owners and considerable shares owned by Ali, Guest, and Solomon you'd see that the downside is played out.
There's virtually no short following on the stock (when i say no short following i mean : direct shorts. Clearly there are CNV holders who benefit from downside moves when issuance price is adjusted for their discount)
So I wonder... For as much jerking around as Ali, Guest, and Solomon do with fluffy, meaningless PR's...I wonder if they even have any idea what kind of wealth they'd create for themselves, their beneficial owners and others if they'd knuckle up and string together a few PR's or SEC filings that had real teeth... Real profits... Real net Revenue, Real Guidance... Etc... Given the amount of shares these individuals and entities own...they'd never worry about exchanging shares weekly for paychecks ever again.
WHICH... Of course leads you to the one question that destroys that daydream:
If stringing a few real PR's or QUALITY SEC FILINGS together COULD DO THIS FOR THEM... Why haven't they? They haven't because they cannot. They've ruined the prospect. They've taken what could have been a race car to the crusher and now everyone just looks at this square mash of metal and glass and says "boy... Maybe it'll race again"
Haaaaaa
Why stop at $0.50 Bill ?
I say let em pump it to $5.00....
Once it starts climbing it'll get itself a nice short following that increases with each tick higher and squeezes em until the pump finally stops.
Look at LOTE... That baby soared from $0.70 to nearly $25.00 bucks before collapsing and doing a forward split. (Ensure you enable split adjustments on chart settings to see pre/post split HLC's)
One thing is for sure... Given the % short on this stock there's no way a short squeeze will play a significant part of any pump until UBRG starts attracting them and continues to rise to squeeze them.
But what the heck... I say "sssshhhhhh" let em pump it... And good luck
What leading factors do you consider when you determine a potential board pump?
Just curious... Some channel checking and everything seems quiet.
Ohhhhhhh
Jeeez...
Why didn't any just say so? THE SHARES ARE BEING ACCUMULATED? So that's why the shares keep falling and falling?
And here allllll this time I thought the shares were falling because we live in a supply v. demand equities market where UBRG keeps diluting and increasing supply and demand increasingly became weaker and weaker.
How is Opposite Land where you are today? Is it sunny like here?
Accumulation = falling price??? Weird...
Hey? Which exchange is UBRG up listing to?
Given that accumulation = price falling im gonna go out on a limb here and suggest Ali, Martinez, and guest strap on their tornado slippers and get ready to up list on the OZ fantasy Exchange which is great news...
The OZFE is a great place for emergent, dilution, scam based stocks because that's where all the backwards traders live who get wealthier the larger their losses are.
Wonder if team UBRG will introduce longs to another 10 million shares near the close?
I feel bad for the wonder boys Ali, Martinez, and Guest... It's hard work adding 2 billion shares 10 million shares at a time... Phew... Back breaking work diluting unwary, naive investors.
Sure wish they'd release a bran new PR saying what a good job they're doing while they tirelessly dilute investors.
Weird too... A December 2012 SEC filing said they felt authorizing 2 billion extra shares shouldn't be viewed as dilutive and that it would dramatically increase the share price. It's true! They wrote it... Read the SEC filing for yourself.
WOW!
Someone BUSTED this thing down at the close with a 10,000,000 share sale to the 52 week low?
Either some retail trader got out, seeing the writing on the wall and took a substantial loss on 10,000,000 shares OR
10,000,000 x $0.0018 = $18,000.00
Ali, Martinez, and Guest needed to cash out to make payroll BECAUSE THIS IS NOT A BEARS V. BULLS STORY....
It is a stock whose sole purpose for existing is to TAKE INVESTORS MONEY and REDISTRIBUTE IT AMONGST THEMSELVES IN A WORLD CLASS STOCK SCAM WHERE THE ONLY DIRECTION THE STOCK CAN GO IS DOWN BECAUSE OF THE DILUTION.
You see?
Any other company with the great news UBRG has had in the last two weeks WOULD NOT BE CLOSED ON A FRIDAY AT THEIR 52 WEEK LOWS...
BUT UBRG IS A STOCK SCAM RAN BY PEOPLE WHO DON'T CARE ABOUT YOU. They don't care how hard you've worked for your money. They don't care if that money was to help pay for college or to pay some bills or maybe help you retire a little easier... THEY DON'T CARE if you're upset right now. Their day is done... They get to go home, enjoy their day paychecks and live the good life because THEY JUST GOT PAID $6,000 bucks each... Not a bad weeks work...
It's so very simple....
You all think that because they are a penny stock they can just break rules?
No! They are listed on the second highest OTC exchange that they can be which MEANS THEY MUST FILE ALL APPROPRIATE DOCUMENTS IN A TIMELY MANNER WITH THE SEC.
PERIOD!
Which means... If an event, material to shareholders were to occur or be proposed to occur, UBRG MUST/SHALL/WILL file such material information with the SEC.
There is VERY LITTLE regulation in the "PR" world... Which is EXACTLY WHY YOU SEE SOOOO MANY of UBRG's activities and proclamations be announced via PR and lack subsequent MATERIAL Definitive Agreement Filings with the SEC.
If you file a doc with the SEC and there's lies or misrepresentations in efforts to defraud investors in it you're GOING TO JAIL.
But if you directly or someone "unauthorized" to release such information let a few PR's fly... The worst... THE WORST that can happen is maybe... MAYBE you'll see a class action lawsuit....
It very seldom ever comes to class action or a lawsuit of any kind though... Most spurned investors just walk away from the bad investment spurned and dejected. They feel beaten and have an apathetic attitude coupled with a "lessons learned" mindset.
So... Now you know why Team UBRG's Ali, Guest, and Martinez so frequently bait you all in with nameless, numbers-less, fact-less PR's... They do it because they can... As long as none of that filth gets into an SEC filing they'll dodge jail time and they'll likely dodge lawsuits...
Oh... And by the way... They MAKE DARN SURE the PERILS OF OWNING THIS STOCK ARE WELL IDENTIFIED IN SEC FILINGS .... AND THEN THEY MAKE DARN SURE THEY BURY SEC FILINGS UNDER DOZENS OF REALLY FROTHY AND ENTICING PR's.
AND THEY KNOW THIS...
And something else you should note... The lack of a often seen "IMO" or "JMO" as a sign off to my posts indicating a disclaimer to protect me from slander, liable, or defamation suit. You see... It's not slander, not liable, and not defamation if it is true.
THERE IS NO INVESTOR!! SHEESH!
If there were any credible evidence of a bonafide stake holder increasing their current stake ABOVE what previous SEC filings indicate as maximum amounts THEN THERE WOULD HAVE BEEN A MATERIAL TO SHAREHOLDERS EVENT RESULTING IN AN SEC FILING.
Instead, you all got a PR that didn't pass the sniff test as soon as it was issued !
Ali, Guest, and Martinez misrepresented the truth in an effort to pump the stock...
It was a cruddy little pump and the stock went from $0.0020 to $0.0027 so in terms of %'s I guess it worked but I imagine they had bigger plans for it given the risk involved in misrepresenting the stakeholder intent.
"Hey... Stakeholder... Yes you.. Our biggest one... If the price was right, would you ever consider upping your stake in the company by 10%?
Stakeholder - "Ummmmm yeah... I mean I suppose, but the price would have to be right ... But right now, given what I've seen, no!"
"BOOM FELLAS... Issue a PR saying our largest stakeholder is considering adding 10%... But be sure to leave their name and other stuff out of the PR... Also, do not answer any questions regarding the PR"
For what it's worth:
I know I am direct and can be harsh when shoving a point across the table. My view on trading and investing follows strict, hard learned disciplines that have served me well. In a trading world where information moves at the speed of light, information sharing and delivery must try to travel as forcefully and succinctly as possible leaving little room for pleasantries and courtesy. If you don't move and act decisively and quickly you could lose a lot of money.
My goal has not been to insult any of you...though I'm aware it has happened.
UBRG made a new 52 week low only moments ago. It's fallen and will continue to fall because its what IT MUST DO... It's not a bears v. Bulls game here with UBRG... It's simple dilution. UBRG is literally creating shares daily and no amount of retail buying can keep pace with the daily share issuances the company clearly defines in SEC filings and the daily conversion of debt into shares from pre-existing convertible debt features (toxic debt).
I am sorry it has hit a new 52 week low. I am not happy it has. I am sorry for those of you who held and will continue to hold... I know it's hard to just admit error and let go when losses seem so great. I'm not celebrating that the stock has done what it has because I've no right to celebrate. It wasn't genius fortune guiding my sentiment, rather it was simple understanding of the Company's debt and operational capital structure.
I wish the stock would climb. I wish you'd all get to tell me "haaaa see? You were wrong".
Ohhhhhh.....
"Definition of 'Back Up The Truck'
Slang that refers to the purchase of a large position in a stock or other financial asset by an investor or trader. Typically, when someone is willing to back up the truck on a financial asset, this implies that they're extremely bullish on that asset's performance."
I'm sure you can understand the boards confusion on the topic...
"Investopedia explains 'Back Up The Truck'
For example, if an analyst recommends that it is time to start backing up the truck on XYZ stock, this means that he or she is extremely confident and upbeat about how well XYZ stock will be doing in the foreseeable future."
For what it's worth... I am sorry you felt I was aggressive or abusive towards you. I rarely beat around the bush.
UBRG stock performance is reason enough to avoid or get out...and when you add in the unscrupulous methods Ali, Guest, and Martinez employ it's even more clear that the stock is a scam.
Haaaaaaa
Get in line to "back up the truck"???
To BUY???
Why? No matter how many shares you could even possibly buy tomorrow, Team
UBRG will just make more and dilute the ones you bought.
Any shares you get tomorrow after backing up the truck will be available at deep discounts next week and even deeper discounts the week after that and will seem darn near free after that.
Anyone who's owned this stock for any period of time and continues to claim that big news is coming needs to get their head checked...
Some people on this board have suffered staggering losses and will see those losses mount. They've zero credibility with forecasting the stock price direction or what "news" may come.
Saying great news is coming is like saying the sun will come up because this company issues FABULOUS PR's like three times a week and the stock still falls.
Yes...
You've got it now...
You see... Some seem to be under the perpetuated misconception that the convertible note values are STATIC while the share price remains dynamic.
It is not the case.
If I gave UBRG $10k in exchange for convertible notes AND INTEREST 6 months ago and I EXERCISED those notes yesterday I RECEIVED MY SHARES AT A DISCOUNT TO YESTERDAY'S CLOSE... Maybe as much as a 60% discount (likely 40% though... It seems the best average to rely on is a 50% discount)
And they can sell those shares, received yesterday today.... FOR WHOPPING GAINS.
Look... The people UBRG is getting debt from are like PAYDAY Advance schemes... They charge enormous interest rates and reap massive returns. Ali, Solomon, and Guest DO NOT CARE.... Because it is not their money... They use these scams to get their paycheck....
Like I've said before... I am sorry these scams are allowed but they are. The more you know about them the less likely you to be scammed by them.
Ali, Guest, and Martinez do not care.... They don't care they are hurting you... They live their lives knowing that people want to get rich on the stock market. They know the SEC and FINRA are limited and that they can pull this scam off only for a finite period of time. They know that the SEC says "buyer beware" so they (Ali, Guest, and Martinez TELL YOU EVERYTHING THEY ARE SUPPOSED TO TELL YOU IN SEC FILINGS AS REQUIRED AND THEN THEY BURY THOSE SEC FILINGS UNDER COUNTLESS FLUFF PR's.... They are counting on you to be lazy OR for you to disregard the last Q, The last K, or the Last A, or the last 8 NT's and hope that the latest PR is going to turn this ship around.
They are counting on you to be lazy, or stupid, or naive, or all three.
All three works best for them because it means you'll keep your money with them longer.