InvestorsHub Logo
Followers 39
Posts 2702
Boards Moderated 0
Alias Born 09/20/2010

Re: wilma6311 post# 81

Saturday, 10/19/2013 3:44:37 PM

Saturday, October 19, 2013 3:44:37 PM

Post# of 150
Your discovery of the 8-K caused problems, Wilma.
Without it UBRG could have shown Metwood, and not GEG, as the majority shareholder. They could then have avoided having to give any details of GEG to shareholders (when asked about GEG they would have said that Metwood, as parent company was now the relevant shareholder).

When you started digging about GEG the gig was up.

Now they dare not continue with the ruse that rhe DeLong GEG has anything to do with the GEG in Inverness.

Amended 8-K
My guess is that the missing 8-K will not be filed with the accounts of GEG. They will file a notice that the transaction was cancelled after discoveries made during due diligence.

Missing 10-K
I have no idea why they wouldn't file the 10-K.
They should file what they have, and amend it at a later date to reflect that the deal with GEG has unraveled.

There's probably some heated arguments going on at this time between the auditor, Rainco and Metwood. With Metwood feeling that their company has been draged into a quagmire created by UBRG, with the assistance of the auditor.

was now Metwood,as the parent company).put them in a hole

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.