They don't announce ANYTHING!
All of their PR's are smoke and mirrors specifically designed to trap the naive.
Their PR's are/were nothing but a con mans shell game of "which company, how much revenue, and obscured profitability"
How long ago was it that they announced a china coal deal? A year ago? With what company in China? With what coal? Was the deal accretive?
How long ago was it that they said they're "in talks" to have some Chinese representatives come out? I know a thing or two about international travel and I can tell you it's pretty easy, and very common and there's NO REASON to be in "final talks" about having these reps come out. You pay for airfare, set up some accommodations, ensure handy little passports are good to go and any other paperwork and BOOM... Welcome to California Mr. Yuan!
Their PR's announce some great November deal but don't give specifics and they cite confidentiality clauses when pressed for more info WHILE simultaneously hinting at "who" the buyer may be.
Case in point... No real details were offered in one of their latest deals but they mention that the buyer was X company, on the X Coast and had $X number of revenue. Well, that led everyone to believe that the company was Sempra... But guess what...
Here's another example of a very similar PR released by REVO a week ago:
REVO is in talks with "a company" to buy our patents. "the company " is on the West coast. "The company" had revenues of $50 billion dollars" AND the company is "involved in the Internet"
Every naive investor jumped at it and "GOOGLED" here and there and guess what they all assumed? They assumed it MUST BE GOOGLE!
The stock soared for two days and has plummeted every day since to nearly exactly where it was prior to the PR!
Sound familiar? It should! That's what Solomon Ali's gig is... oh...and nearly everyone seemed to forget that REVO has issued MULTIPLE PR's stating they're "in talks" or in "final stages" of selling some patent portfolio only to see a brief pop on their scam stock and watch it fade and ultimately sink to new 52 week lows.
Starting to see the resemblance between REVO and UBRG's PR's yet?
What about UBRG's "fantastic" news that they were "repurchasing 300 million shares"?
The stock doubled... Over a span of two/three days and then proceeded to set new record lows.
Why? Because the "repurchase" was a scam, set up between UBRG and GEG and RAINCO to draw attention to the stock WHILE THEY simultaneously, and secretly issued NEARLY THE EXACT SAME NUMBER OF SHARES IN BRAND NEW DEBT!!! Oh, there wasn't a PR for that little nugget of info about the new debt... No! They went and switched Fiscal Year End to hide those filings for nearly 4 months and by the time the SEC filing did come out and PROVED the new debt issuance and share repurchase for the scams they were it was too late for those naive investors...they were trapped.
UBRG's Solomon Ali and Vincent Guest are scammers, frauds, con men. Nothing but modern day snake oil salesmen working with Ernest Delong (Ali's attorney who set up GEG) and Nicole Singletary (Ali's girlfriend /wife/room-mate who's the controlling party over at RAINCO.
Buyer beware.
