UC Hub Group Inc.(fka UCHB)

[Toxic Avenger]

Got it, thanks.
This seems to indicate his only major asset is $1.5 million owed to him by UC Hub. His house is listed as valued at $1.4 million (and in this market, who knows), with a $1.1 million debt on it.

It looks like he owes about $400k, but of course there's the SEC civil suit which may also affect that.

I have to say I do feel sorry for the guy. If he made any money out of UC Hub, he certainly doesn't have it now. That doesn't excuse the wildly speculative (and now, never realized) PRs and mis-information that caused investors to lose millions of dollars, but it certainly doesn't seem like a typical pump and dump where the insiders get rich.

It would have been better for everyone, him, his family, and the investors in UC Hub if he had never gotten involved, or had dissolved the company when it was clear it wasn't working out.

Also, according to this, as of 9/24/10, LW and his wife are still "controlling shareholders" of the company.
All MHO.