I'm glad it can be shorted and shorting a equity, commodity, index, etc is a valuable tool for traders.
A trader has a few ways of showing disfavor for a position and the first is to avoid it, the second is to support a counter point position (don't like MU?, Buy AMD, as an example) and finally to short it.
A short position is also a tool for longs to hedge for "just in case". Shorts are also tools of longs because before you buy a long position you'd look to see the Short Interest in a position because that can help you with DD.
Maybe shorting UBRG should be illegal simply because it's a given. It's not even a gamble. The company lies in PR's, Hides material info in SEC filings, has lied or at the very least "misdirected" investors in SEC filings, shows net losses to shareholders while collecting fat paychecks AND USING SHARES to wine and fine themselves with clients in "cost of revenue" claims and keeps promising "next quarter" returns to shareholders.
We will see an NT out of them on Monday. The company has been around as UBRG for what? 6 years? And longs here still call them a "new" company which provides the longs an excuse for STILL NO CFO, CONTINUED LOSSES, and recurs setting numbers of concurrent NT filings.
Anyone not long, and even some longs see through all this as if it were museum glass...it's a fraud.
It's a couple of guys who know how to work the system and are providing themselves pretty fancy lifestyles off debt/equity financing at the sole cost of the shareholders. They make it look like there is a business when there really isn't one...the closest thing to a business is NDR and I wouldn't be surprised if NDR wanted very badly to divest.
What was the coal deal? Like 8 months ago and nada!
The solar deal? 5 months ago? And nada!
This NEW deal of pipe dream revenues? Months will pass and it'll be the same story... Nada!
Short it or avoid it because after the NT and in early-mid October these clowns are going to have to file and when they do... When they do show what they've REALLY BEEN UP TO... Investors will dump this fraud stock like its nobody's business.
AI
