Umbra Companies Inc (UCIX)

[Cat]

Yes it is true...shareholders own the exact same assets in the new shell, but have fewer shares. It's only different in a true merger/acquisitions, because the shareholders own MORE ASSETS in the new company. Here it's just a shell which doesn't own anything so shareholders are basically getting reversed because scumbra pulled some shenanigans to offload his debt onto UATG while shifting his assets into UCIX. Criminal maneuvering here