As URBT begins raising its seed capital of 5 million dollars to re-launch the URBT network by Q1 of 2016, URBT wants to ensure its investor base that there will be no reverse split of the Company's stock. In a statement made by the Company's new CEO Joseph Collins he makes it perfectly clear, "Since I have been the CEO of URBT I have been very transparent, this Company needs long term investors! Investors that will give the Company an opportunity for our stock price to grow. We do not have nor will we take on any toxic debt. This is why we are raising 5 million dollars to create investor confidence and build a base that is interested in growing a media Company. We are satisfied with our approximately 130 million shares outstanding and a reverse split of URBT stock at this time would be counter-productive to our business model."
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