Yeah...I gotta say...I really do wish things would pan out for shareholders here, I just doubt they will.
Looking at their SEC filings, they haven't filed a on time Q Since early 2012 or late 2011 and looking at their Q Outstanding Share count and Q stock H/L's the stock is moving in lockstep with the dilutive debt features. Unfortunately for any shareholder who's bought either recently, or when the stock was $0.01 or higher, the dilution will continue.
I wish there were something positive to say about UBRG but the fact is there is not. They've destroyed the stock with convertible debt features, they've outspent any profit, and they're falling deeper and deeper out of whack with the SEC which means one quarter soon, and without notice they simply will cease to file Q's.
The website is down because they don't have the financial resources to maintain the website or the features associated with a website. They spend DEBT (which is shareholder capital) on PR's in an attempt to pump the stock but everyone (except retail rookies) is on to the rouse.
Like I said, I looked at the stock. Everyone hears about a stock ready to "explode higher" and that's what I heard so I looked at them. My conclusion? They're a sham. The execs know it too. Solomon, Martinez, etc... They know the stock exists SOLELY to create an asset from which to borrow against to pay their salaries and that's what they're doing. They're doing it now as they did when it was Dominion Mining, and they'll do it again when they change the name from UBRG to some other name to "better reflect their company business model".
The stock is a sham. If you own it, and hold it you're going to lose all of portions of your investment. It should be illegal, to operate a stock like this, unfortunately, it is not. All they have to do to make it legal is throw a disclosure into their 10Q, 8K, NT's or PR's telling you to do your own research and draw your own conclusions.
