Hmmm...Looks like more dilution, but...
1. In the third Quarter of 2020's Financial statements for URHG there were four investments under "other assets" (A, B,C,D) Now in the "2021 second quarter interim financial statement" there are five (A,B,C,D,E) This new "investment E" is claimed to be a $640,000 asset...anyone know anything else about it? Perhaps they moved the land in Wildhorse and Mountain Home (previously listed under Assets) into "Investment E"? Or did they sell it and some shares to buy Investment E? Mysteries Abound.
2. Did anyone else notice the $603,071 in net income listed in the "2021 second quarter interim financial statement" pretty sure positive net income is a first since I've been holding. Maybe it was just a land sale?
Completely Speculative Calculations: If URHG is throwing off 600,000 in net income a quarter (Huge IF and highly unlikely...as it only shows 1,593,000 for "other assets" value... I would think that "other assets" should be worth far more if they are throwing off that kind of income...but continuing for fun...), that would be $2.4 M a year. If a company is worth 7 x yearly earnings...then URHG could be worth $16,800,000. Divide that by 180,227,300 outstanding shares and I'm showing a possible stock price of .093
3. On URHG.net a shareholders meeting has been announced for this July. I like movement! I'm personally giving the suddenness of this announcement combined with the reported positive net income an 85% chance of being a great thing. (15% it's a continuation of the so far tragic saga that has been URHG stock ownership)
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