Yea bro folks must recognize how significant this preffered share reduction is. 8,000,000 outstanding prefered reduced to 750. These prefered can convert to 20 commons. So instead of having 160,000,000 more potential commons, there could only ever be 15,000 commons. That's $250 at this PPS, compared to potentially $3.2 million...
Management already owns the majority of common stock. They don't want they're shit diluted anymore then we do!
Umbra needs a Nasdaq listing. Not like some pipe dream claim all these other OTC companies putting on gullible kids trying to get rich overnight. Umbra needs this to gain real institutional investors and real partnerships with big boy companies. Yea a lot of the things umbra could develope manufacture and distribute themselves BUT things like electromagnetic launcher, needs real big funding to purse and perfect. Chit look at BAE they got $36million research funding for theyre electromagnetic launcher system. Only difference between theres and ours is there's is for naval and aircrafts , umbra's is designed for individual soldiers. This is just an example.
Sector monopolies and governments don't want to do business with penny stocks.
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