Hey Bill...
If this share repurchase is legit then today's depressed price from yesterday's close is a buy right?
I mean, you wrote that you grabbed some yesterday at $0.0012 on a gut feeling/hunch. Great buy.
But today...a buy at $0.0015 would be a good buy if this 300 ml share repurchase is legit...
So answer this... Because I'm not worried about a quick little flip trade...if this is a genuine candidate for an accumulation and hold:
Where did UBRG get the money to buy 300,000,000 shares?
The PR stated UBRG "repurchased" the shares. The PR DID NOT STATE that a Majority Stakeholder bought the shares. If a Majority Stakeholder bought the shares that'd be fine..because we don't know their financials...BUT WE KNOW UBRG's financials...and we know they had no cash. Even if they somehow held onto the MRQ cash ($18,000) that's not near enough cash to to buy 300m shares.
So, where did they get the cash and WHO Exactly did they but the shares from? According to the PR they privately negotiated the price and, in a private transaction they purchased the shares from SOMEONE...
Those questions need to be answered.
