Any buy here is lunacy.
You know they're going to do a reverse split and you know why...because they want the share price in a more popular price range to attract investors. BUT you know what attracts investors right?: Compentent management truly seeking to offer investors returns. UBRG does not have that. They can price this stock at whatever they want and their SEC filings will still speak for themselves. The company is only interested in diluting shareholders to pay their bloated salaries.
Seriously, these guys live in Orange County Ca. A stones throw from me. Their office is crap. They can't even keep employees. They pump their own garbage stock while collecting fat (even by Newport Beach standards) paychecks in efforts to keep the rouse alive.
You know they're changing their name right? They say the name change is to better reflect their business model but that's crap! Hogwash! They need to change their name because they've tarnished it so badly that no polish will fix it.
Mention UBRG to anyone near them and they all know its a scam! So they'll change names, maybe change offices and try to fool new investors.
You know they had a PR not too long ago where they mentioned a stock buyback? It's an incredible lie but they are legally allowed to write it even though they KNOW there is no money for a material share purchase. They're allowed to list it because its an option for all companies and options cannot be removed regardless of how ludicrous they are because it would be seclusionary.
This company can write any PR regarding their intent because its difficult to prove that intent does not actually exist... And the worst part of it is that some people are simply too simple or blinded by the idea of quick money to see through it. They eat it up hook, line, and sinker.
Here's an example of intent. I intend to build a starship and visit Mars. I have no resources to afford the endeavor. I have no skill set which would suggest I'd survive. I simply cannot ever do it. Despite knowing all those things that I've just stated, you'd be hard pressed in today's courts to prove the intent does not exist.
UBRG can write all they want in PR's about their intent and despite countless SEC filings proving they've none of the resources required because its not illegal to write about intent. In fact, it's absolutely "buyer beware" and it's up to the individual investor to look at intent and weigh it against resources.
Look at their PR's and then contrast them against their SEC filings. You know they can't do what they say they intend to and still think the stock is a buy? If, after all that's been written proving UBRG is a scam, you still want to buy more... Well then I'm sorry... But you're going to lose your investment and you have it coming.
They've got no cash for continuing operations. For "EFFS" sake, they spelled it out in their last Q that revenues do not cover operations. They've accumulated millions in debt and use shares to pay it.
They've spelled out countless reasons to avoid this stock in their SEC filings and then, knowing Q's come out every three months proceed to bury the rare Q under countless "intent filled" PR's.
Solomon, Martinez, and Guest need you. They need you to believe them and not believe me. You are their paycheck. You are their lifestyle. I challenge you to do this: I've been on the UBRG boards for about two weeks. The stock has lost nearly 30% value in that time frame. Read my posts and find ONE LIE... Find one thing I've said wrong about UBRG that you can prove is wrong.
Now, that's a short task... I've got a dozen or so posts on UBRG so it won't take you long to read em.
When you're done reading my posts on UBRG, pour through the countless PR's UBRG has issued. Boy! They all sound sooooo great don't they? But the stock keeps falling??? Read the SEC filings... Just the last one... See the debt, the dilution, the revenue, the cost of revenue, the failure to cover costs through operations revenue. See through the fluff PR's and see the reality that the company writes about intent all day long because its legal and they can while PROVING they've none of the resources to ever make intent a reality.
