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SamDogT

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SamDogT

Re: Krysti post# 11541

Thursday, 03/01/2012 8:24:09 AM

Thursday, March 01, 2012 8:24:09 AM

Post# of 38473
Krysti, you made me download the 8K and of course you are right as usual.

The deal started as $500K cash plus $2M stock, then bumped to $700K + $2M. Rainco funded $50K initial payment to the coal mine and later $96K as part of the increase in cash. Reasonable to assume they will or would be involved the remaining of the $700 also since UBRG doesn't have cash.

As I read it, the $2M stock will be Common stock dilution at a 20% discount. At least it's not a 75% discount!

I love UBRG, as spec of course, just hate some of the PR's and wish I knew T&C's of the progas or what's going on there.

Sam
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