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liketotravel

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liketotravel

Re: Last Chance post# 6080

Friday, 10/22/2010 1:03:08 AM

Friday, October 22, 2010 1:03:08 AM

Post# of 6482
You also have this on page 17 of this filing:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7123878

"The Company may have additional expenses of $25,000 and plans on raising that capital through investors that will share in the royalty of such wells. A royalty share agreement is used as a perceived tactic which should preclude dilution and is a strategic move to protect the longevity while potentially providing an upside to the shareholder. The Company is in discussions with three groups regarding funding of the operations."

So these investors are putting up UCHB expense money for these projects and get paid back by a "royalty share agreement!" In other words the only people to make any money are those loaning money to UCHB and the shareholders are left out!

“There are three kinds of men. The ones that learn by readin’. The few who learn by observation. The rest of them have to pee on the electric fence for themselves.” –Will Rogers

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