InvestorsHub Logo

naturallyk2

10/29/15 8:39 PM

#3377 RE: jdporter #3375

They own 39% of the company via 48 million shares. Their investment was $977,000 and they've been invested in URBF since 2013. They haven't sold any shares yet, which is sort of surprising and sort of not. I'm pretty sure Dundee sees this as a venture capitalism opportunity and are going to hold on to it until it either craps out or performs the way they want it to. Trust me, they're keeping close tabs on the company and probably have put a lot of pressure on management. I can tell by seeing the changes of certain executives over the course of two years.