UNRG is a unique breed, this is NOT some Shell player with 20+ shells...seems like traders get tired of chasing these shell brokers shotgun approach trying to guess which will be next.
This their one and only and they cherry picked UNRG... last Q show 23 Mil in NOL's, No Debts, Tiny SS, go research why a Big Co would want that...
UNRG has all the ingredients to be very huge, in my 15yrs experience with OTC Mergers I know when I come across something special and this is it...
UNRG Look who is behind GrassRoots Advisory, LLC they want UNRG... The guys behind Neon Bloom Inc. 60+ MIl $$ Co
GrassRoots Advisory, LLC, Plaintiff(s) vs. United Energy Corp., Defendant(s) Motion: Comment: Motion for Appointment of Custodian
Big Dogs here: Founded in 2015, Neon Bloom was unique from the start. DiSanti launched it in New York City when he was just 25—following an already illustrious career on Wall Street—taking advantage of new Congressional rules that allowed, for the first time, accredited and non-accredited investors to contribute to pre-IPO companies. This enabled anyone to make a minimum investment of $480 (1,000 shares at 48 cents a share), DiSanti explains.Douglas DiSanti – Neon Bloom Inc. Vision Magazine
“It was a great way to raise capital,” DiSanti says. “We have really built one of the first grassroots efforts within the industry, and for the first-time, allowed everyday people to participate.”
When two years pass without an entity paying its business taxes at the state level, the entity becomes revoked. This opens the door for control of the public Issuer to be taken over by an interested party (a shareholder or debt holder for example) through a custodianship petition.
The interested party can file a petition with the local court requesting that the court approve a motion to let the interested party (or an individual of their choosing) take over control of the abandoned shell “in the best interest of the shareholders“. The only real concerns the court will have is that there is no objections to the motion and that the custodian has a clean background. The petitioner has to prove to the court that they have made a legitimate effort to contact the former control people and they have to convince the court that the custodian is a respectable choice with a clean background that will act in the best interest of the existing shareholders. That usually isn’t hard to do so most custodianship petitions will be granted by the court.
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