Umbra Companies Inc (UCIX)

[Mcol52]

This is a compliant filed by SEC that specifically charges several people all unrelated to the company for setting up cross trades and taking commissions without being licensed. They are asking court to order the defendants to pay back the money and essentially be banned from securities. It does not claim any damages to any victims per say but really for operating unlicensed and manipulation although that seem like less of their focus. Either way these guys are scumbags and have nothing to do with the company. None of the tickers they used to play their games were defined as co-conspirators if you will and no companies were referenced as being involved. These guys essentially picked companies and used the ticker without knowledge of the companies themselves. It would not surprise me if some of the guys the company fired years ago were part of this in some way but who knows. This is why I was so reluctant to go into otc trading. Just ridiculous.