While he was not specific, he DID in fact tell ALL shareholders through the letter he sent to everyone and, made public that the company DID recently restructure the company:
"Recently we fundamentally restructured the capital structure of the company to reflect a company more in line with its peers on senior exchanges so we could consider additional opportunities. This is indicative of an aggressive strategic action plan we defined almost two years ago in an effort to course correct the company’s trajectory. This initiative has resulted in substantial progress in three key areas:
Up-listing- The execution of a comprehensive action plan designed to accelerate the company’s momentum towards an eventual up-listing to a senior exchange.
Market Oversight- We restructured and/or settled debt to better position the company’s corporate balance sheet ahead of independent audits in anticipation of future opportunities for expansion and institutional financing."
This section is very powerful and many overlooked it. He's basically telling anyone who is paying attention what he is going to do. It is obvious to me that they are matching another company cap structure because they intend to reverse merge or be bought. If he didnt, and he didnt care about the shareholders he would leave cap structure the way it was, merge with a higher pps public company and convert everyone DOWN!
or.... simply do a rs like I have suggested many times. It may seem painful to do but you have to get the flippers out. I understand the point you are making and I am not trying to be rude or insulting but this is why I have been in favor of a rs. The way you think is the way many people in the pinks and in UATG think. Its all about flipping and not investing which I completely understand but you have to see why investors have to do more DD and why investors see things differently than most day traders. Thats not an insult its just the way things are and its why UATG is going to have one heck of a time climbing up without a very big and creative move. The ceo is smart and wont quit but he better have the plan I think he has if they are EVER getting to NYSE or NASDAQ.
In the past 3 years only 200 companies, out of 10,000 securities have uplisted to NYSE/NASDAQ! Thats less than 2.5%!!! Not great odds and there is a reason for that.
AI
