Nice guess, but that’s not the case. 10M shares gong from restricted to unrestricted has NOTHING to do with management. It means an individual investor that was holding restricted stock sent it to Pacific Transfer, with the necessary validation documentation, and had the restriction removed. The stock is simply non-restricted now, which does not mean it’s free trading and sitting in a brokerage account. No brokerage firm, mainstream or a small regional, will accept even non-restricted certificates in an otc company still this small. Market cap, pps, annual revenue are just a few of the categories a company must meet minimum requirements before clean certificates may be deposited in brokerage accounts to be free trading.
I know of some very wealthy investors, holding non-restricted small company certs, who have tried to deposit them into long tenured $ 7-figure mainstream brokerage accounts only to have them returned with a standardized form letter. In other words, we don’t care how big your account is, or how long you’ve been with us, we can’t get this certificate past our compliance department.
Lastly, urhg to the best of my knowledge, has never sold company shares on the open market to cover expenses. They have, on occasion, satisfied some past individual investors debt with restricted stock. Additionally, the little bit of revenue they have coming in now pays what few annual expenses they have, which are mostly administrative in nature like staying current on filings and in good standing with OTC Markets. This company IS NOT bogged down with a lot of debt, a large burn rate, or some inflated salary to a worthless, do-nothing figure head who wakes up at noon & eats lunch out by the pool.
Stay tuned, I doubt they were limited to Asian opportunities only. Plenty of possibilities here in the states!!! #urhg