Replies to post #6099 on UC Hub Group Inc.(fka UCHB)

[liketotravel]

Where does it say; "from UCHUB's inventory"

Under DESCRIPTION, it says, "From Missouri River Mining."

And where on UCHB do they claim ANY inventory. They did say in a PR that;
"UC Hub has agreements pending or in force with certain miners and gem entities to purchase all production from their mines. In recent months, the Company has accumulated over 5,000 carats of sapphires, which are now being cut and prepared for sale through one of several ready markets. Based upon industry wholesale pricing, which grades individual gems according to the size, the carats, cut and clarity, the price of these stones range from $600 to several thousand dollars per carat for Natural Montana Sapphires. The Company also has some placer gold (several ounces) and approximately $25,000 of additional cut sapphires for potential buyers whom are in discussions with the Company."

Now these stones they accumulated were from other mines in the area.

Notice UCHB's Consolidated Balance Sheet for the Quarter Ended April 30, 2010

Under CURRENT ASSETS
Gem Stones $30,000

INVESTING ACTIVITIES

Gem Stones ($30,000)

So UCHB bought $30,000 worth of stones. Why would they buy gem stones if they had their own!

The proof is right their in that filing!