There won't be a filing "because its a private company that purchased the majority."
WRONG!
UBRG, not some phantom private company, repurchased the 300,000,000 so whoever the Majority Owner is, isn't even involved in this except as the possible sellor of 300,000,000 shares.
This is absolute HIGHWAY ROBBERY for shareholders.
Ali and Guest said that they repurchased these shares to demonstrate their commitment to provide value to shareholders BUT:
1.) they privately negotiated with the owner of the shares a private deal, with private pricing, to repurchase the shares. For all anyone knows yet, Ali and Guest paid less than market fair value for the shares which means they repurchased UBRG Common stock for less than any shareholder had an opportunity to buy those shares at.
2.) they conducted a PRIVATE transaction, off the open market where had they bought the shares on the open market you can be sure this stock wouldn't have hit $0.0011.
They negotiated a private deal and repurchased the shares in a private deal and robbed shareholders of an accretive reaction on the stock which likely would have created far more value than the pump one day, business as usual sell the next did.
UBRG repurchased the shares... Since UBRG repurchased the shares and UBRG IS A PUBLICLY TRADED COMPANY there will be a SEC filing...unless of course the SEC now accepts PR's as filings on some brand new type of form... Maybe it'll be a SEC BS-101 form that accepts PR's as filings
AI
