Universal Global Hub Inc. (UGHB)

[Traderfan]

What about this stuff here among dozen other postings


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147629628


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144098811


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142069519

"ECARD will be available starting in the third quarter of 2018. At that time, U.S. consumers can open an account online and service the account via an application downloaded onto a mobile device. Funds can be added to general purpose reloadable cards online or at retail Locations"



All this stuff is 8-10 months ago and if you read todays filing there are no sales of any kind nor is there any mention of anything that would point to any such business in any way. In fact this is written in the filing:


"For the quarter ended June 30, 2019, we had net loss of $7,472 as compared to a net loss of $7,694 for the year ended June 30, 2018. The decrease in loss was due primarily to decrease in operating expenses through better budget control. This loss is not expected to recur in subsequent periods. Unless and until the Company completes the acquisition of an operating business, the Company’s expenses are expected to consist of the legal, accounting and administrative costs of maintaining a public Company"


And no this is not boilerplate stuff. So right now this is nothing but a very highly priced shell at this point in time. No credit card or pre paid business or anything such and no referral in any way at all in the entire filing from what I could find. So what happened here?