I have been on this stock, following it for just over two weeks.
It's lost nearly 50% of its value in just that short amount of time.
I haven't bought ... Not so much because of the dilution based financing.. I mean, yeah... That's bad stuff but I've seen companies overcome their balance sheet woes before...
Their business? They flip energy... If it can be done for a profit then it's a gold mine but UBRG is struggling in that regard? Is that any reason to avoid the stock? Well, it's not great but if they could eke out a profit then it'd be a gold mine stock so you have to balance that.
What about nearly two years of late filings? Well, that's a huge red flag that indicates enormous internal problems that are literally and purposefully hidden from shareholders until THEY MUST reveal the problems or be delisted.
So what then? Why not take a chance? It's the company practice of paying for fluff PR's using shareholder capital to release the PR's and the Efforts to bury the late filings and the content of the filings under garbage PR's. It is simply too well known a fraudulent practice. Bury pertinent negative info under miles of fluffy PR's in an obvious effort to reel in the lazy/unwary investor.
It's not even "taking a chance" buying this stock... Right now, real time the stock is listed at $0.0024... Seems like a nice profit if you'd bought at the $0.0020 lows right? WRONG! Had you bought at $0.0020 the bid hasn't moved with the ask (now at $0.0024) so you'd be trapped...
It's not even a gamble here. It's dilution 101 and its going to triple nuts.
