My thoughts too, Cat. Everything I’m reading says that the share price of the “acquiring” company falls and the company being acquired, raises. UATG’s share price has definitely fell and ( I believe) that it’s being artificially held down. That could possibly make Umbra the one taking control of the other company. Which would also leave him in control of everything.
For a higher pps trading public company buying a lower pps company it makes sense mathematically. Also with a high o/s count trading at subpenny pps no company is going to buy a company and convert 1:1. It would destroy their market cap and pps. What do you think all these flippers would do if they had a million shares they paid a penny or so for and suddenly their shares were worth $2-$4 dollars. They would dump out of greed and destroy the share price and we would be right back where we started. Few shareholders here actually care about long term investments. It’s all about making a couple bucks a day so that at the end of the year they make $50k. Average day trader makes that or less. Very few make six figures no matter what they try to tell you. Unless of course you are a licensed professional at a firm. Those guys can make 7 figures but I doubt anyone here or trading UATG is at that level.
A company with similar cap structure is going to come in and pay a penny or so per share and buy us out at that premium. It will support their float what ever it is, have minimal impact on their pps and allow the flippers to dump without dropping pps significantly. Shareholders will actually make money from where their current pps is and those who hold will benefit from actual organic growth over time if the company follows through with the uplist and the acquisitions they promised. We will be better off rather than stuck where we are indefinitely. Conversions are good; r/s are mostly bad (not all the time but most of the time). It is the most logical move for this company if they are truly serious about uplisting and getting out of the pinks. I am open to suggestions about what other scenarios are viable but I don’t see how this company uplists this year any other way.
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