Hilarious stuff.
UBRG gets booted off the QB markets and kicked down to the lowest tier and investors are scrambling to "explain it away" AS IF it's just some inconsequential thing.
To point a fact it's absolutely procedural.
When you CANNOT meet the absolute MINIMUM standards of the OTCQB tier they kick you out...and BOOM...
Now, instead of "up listing to the NASDAQ" (sheesh...how long ago was that pearl of a PR issued to investors?) they get kicked to the ABSOLUTE LOWEST TIER of the OTC markets.
UBRG HAS NOT filed any financial statements FOR OVER A HALF YEAR!!!
Everybody already knew that UBRG was a distressed stock but NT after NT after NT and now zero financials for over 6 months proves that ALI AND GUEST EARNED that listing downgrade. They got exactly what they've deserved...
And what? Just what exactly happens when you can't meet the modestly loose standards of the OTCQB? You get booted to the limited tier...
And what happens if they can't meet those severely loose standards? You get delisted altogether.
Investors have been reading the PR's and forgetting every PR before the last and in doing so aren't seeing that the company HAS YET to do those very things that lured those investors in to begin with.
UBRG seeks to UPLIST to the NASDAQ? Well, while they were busy "seeking" to UPLIST they forgot to file ANY interim financial statement and they got kicked down to limited...
Too funny
UBRG seeks to sell coal to China? They seek to build a solar farm? They seek to get into this energy market or that market and meanwhile their stock is basically SIX SHARES FOR A PENNY?
UBRG thinks this move or that move will offer returns to shareholders??? THEIR VERY FIRST PR's AS UBRG stated that...and so has virtually EVERY FLUFFY AND GLOSSY PR SINCE!
Serious! Read UBRG's hundreds of PR's and you'll see they've been "seeking" returns to investors...
Well... Two words:
SEE CHART !
Ali and Guest are frauds lying to investors. NDR is the only legit arm of this company and they want to DIVEST but cannot...
UBRG blew through a 90 day filing period and are now what? 6? 7 days into an NT grace period and SOME WANT YOU TO THINK ITS ALL PERFECTLY NORMAL FOR A NEW COMPANY (a new company that's what? 6? 7 years old AND WAS PALOMINE MINING BEFORE BECOMING UBRG? Serious! This company has been around under one name or another for 12 or 13 years and some want to keep calling it a "new" company and that what Ali and Guest want...they want excuses to keep getting $174,000 in CONVERTIBLE NOTES which concert to shares WHICH ARE SOLD.
Near fact for those who think Ali and Guest aren't selling shares:
One years salary in shares is?
Lets use 2013 average share price of $0.0040 and we get 43,500,000 shares...
Hmmmm according to sec form 4's neither OWN CLOSE to that. So how are they selling without form 4's?
Simple... Their salary shares are convertible notes previously described in every 10k and q and those don't need a form 4 for converting and selling because they are already described. Then there are stock and options (personal shares) which need form 4's.
So ANYONE (Ali.... Telling investors he's not selling) who says he's not selling is right AND wrong but mostly wrong... He's not selling awarded shares and options BUT IS FULLY CONVERTING his notes in exchange for salary cash.
Now how good do UBRG's prospects for future growth look ?
