What a useless deployment of capital.
The company SG&A costs are part of the reason their "cost of revenue" exceeds their revenue yet they keep pushing worthless PR's and pay for them with cash or shares.
These PR's cannot tip the scale in the investors favor because the company dilution is far greater.
At this share price, the company cannot even calculate how many shares it may take to pay off debts.
This stock is down 10% today on Wilma's "GREAT MOVING FORWARD NEWS".
What any "long" here is failing to see is the forest for the trees.
Continued massive dilution will swamp any buyer here at $0.0023. Then, the company WILL reverse split and change their name (because the shares cannot carry the amended terms at $0.0001 and because the company name is dirt). They'll issue a PR saying they wanted the share price to better reflect their growing company and be attractive to others but the real reason is the shares are offered at a discount to close and therefore the shares must be priced in a range that is divisible by the discount and still have a value above par ($0.0001). They'll issue a PR saying they're changing the company name to better reflect their company but that's a lie. Their company name is literally mud. They'll be hoping a brand new name and shiny higher share price will fool unwary investors by enmasse (by the way... Expect SG&A costs to soar chasing that boondoggle... Company letterhead, signage, business cards, etc for a COMPANY WIDE NAME CHANGE??? Ain't cheap)
So... Dilution... Then name change and reverse split (divide whatever shares you have by 1000), then more dilution, more worthless PR's, more dilution until FINALLY, FINRA and the SEC investigate and ultimately cancel the shares WHERE investors in UBRG are finally notified that they may be eligible for participation in a class action lawsuit WHEREIN they may recover 2-4% of their investment prior to the cancellation of shares.
That's what's coming folks... Wish it weren't true but it is.
Why else do ANY of you think none of these PR's lift the stock with maintainable gains? It's the dilution. The PR's are a scam...they're a lure....shiny and flashy, with no meat and designed only to catch the fish.
