Ali and his associates gave 14 notes to Delong, which he converted to 1.5 billion shares under his new LLC GEG. Delong then gave 300 million shares back to UBRG management so they could put out a PR reporting a "share buyback" in an attempt to pump the pps while Delong's GEG slowly dumps his 1.2 billion shares. the 300 million shares WERE removed from the outstanding share count as you said, which gives them more available shares to be converted later for other pending promissory notes.
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