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Post# of 133793
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Sheepdog

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Re: 29YEARINVESTOR post# 103421

Tuesday, 11/29/2016 2:48:50 PM

Tuesday, November 29, 2016 2:48:50 PM

Post# of 133793

July 2010, the Company canceled 1,000,000 shares of common stock relating to the Wilson acquisition. These shares were owned by the Company. The Company's common stock at June 3, 2010 had a value of $.035 per share making the acquisition price $1,687,279.

Really funny stuff. Yes, Wayne arranged for UNGS shareholders to buy the Wilon Property from himself for $1,687,279.

Wayne then valued that property at about $4M in the financial statements to pump this pig.

Then UNGS later wrote off that whole amount as a loss because the property proved worthless.

Score: Wayne plus $1.7M / Shareholders minus $4M

Really, really funny.

I have no humble opinions, but I do have opinions and those are what I express in my posts. BUT...I have been wrong before and likely will be wrong again so do your own research and don't blame me if you are too lazy to do so.

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