Replies to post #5343 on UC Hub Group Inc.(fka UCHB)

[thermo32]

Remember when you posted the first tranche was "far less than 45K-60K" and claimed there would be massive dilution? The first tranche was 300K for only 3 million restricted shares, so you were quite a bit off with your predictions. You have never been right with your predictions about financing and dilution so there's no reason to think you'll be right that the loan will not be paid off on time. And there's certainly no reason at all to think the money will be used to pay Wilcox. You have obviously never read a financing agreement. The investor will specify the money go towards getting the mine up and running and will require an accounting of every cent spent.

[overachiever]

It looks to me like Old Man Wilscam has essentially sold the shell for 300 K while keeping the rights to run a few more pumps and dumps over the next 12 months by issuing some more scamming PRs.

Once Wilscam has sufficiently fleeced the fools who think the over the hill actor will do anything different than he has done over the past 10 years (which is nothing at all), there will likely be a reverse split under the new control person and Wilscam will retire in washed up actor land.

[liketotravel]

Also notice that there is no mention about their Montana Gold and Sapphire mines. This tells me that UCHB has no invested interest/collateral in those mines otherwise it would have been mentioned/included.



UC Hub recently signed a promissory note for the amount of $300,000.00. the terms of which are prime plus 1 due and payable in 12 months (with the option by the holder to extend the time).

Prior to the Maturity Date, Purchaser shall have a hold on the Preferred Shares of Larry Wilcox the CEO, as part of the collateral for the loan. This collateral, will give “Purchaser” his controls (i.e. super voting stock via Preferred A stock) of the company if the loan is not paid back in 12 months. This collateral of course, presently represents the voting control of the Company and its representative assets which as of today include in part, computers, equipment, stock, shareholder lists, the 8 Oil Wells in Illinois and said leases and the Rector drilling assignments which will be attached as Exhibits A (400 acre lease-2 wells) and B (80 acre lease w/ 6 wells) to this Agreement. Wilcox agrees that the voting stock cannot be altered, transferred or assigned to any other party without the written consent of the “Purchaser”. Notwithstanding the above, said Collateral and any encumbrances or liens on any direct or indirect collateral will be removed in full once the Loan is repaid in full by the “Maturity Date” or if extended by mutual consent in writing by both the “Purchaser” and the “Company” which shall be referred to collectively as “Parties”.