Friday, April 08, 2011 9:30:14 AM
UDSG abandoned the shell to start another shell, DTSL. They gave the shareholders "consideration" of 1 share of DTSL for every 50 shares they owned of of UDSG. Although they called it a "consideration", the net effect to UDSG shareholders for a 1 for 50 reverse split. But here's the kicker: those shares we received from the "new" company were restricted for 1 year. And 1 year later, we are at no bid, so we couldn't sell them even if we wanted. So our investment from back then is worth $0 today. And now Ryan is doing it all over again by abandoning the DTSL shell to start a different shell (or maybe even moving back to the UDSG shell).
My guess is that something similar to this scenario will happen here. And Ryan will create a new set of bagholders to pay his salary. It is criminal what he has done. I hope he ends up in jail. For the remaining people in this stock that seem like good people, I just hope you get a chance to get out of this stock. You should also be pissed at Ryan. Hopefully the SEC or FINRA will shut this guy down before he does it all over again and creates a new set of bagholders.
It'll cost you nothing to dream. It'll cost you EVERYTHING not to.
gmoneypenny
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