UCP holds a 30% stake here and this agency showed a nice net profit already back in September 2011. If I recall correctly from reading the fins, UCP received about $75k income from their investment in In-sight for the first 9 months. Makes about $100k annually which in turn means Insight generates $300k in net profits.
As I said before, I hope we do stay as a public company.
With your statement below....why would they give up those shares and does this happen a lot with other public companies?
As management, I would cancel 500m shares, put them back to treasury and instantly have the needed ammo to acquire 1-2 equity stakes in successful media agencies without further dilution to shareholders. We should be in pennies by then...
naturalborninvestor...." the lack of any clients in the United States and that in the foreseeable future, all business and opportunities will be with existing and new Scandinavian clients."
That statement comes from the UCP website with the title of Investor Relations Frequently Asked Questions In Connection With Recent Filing Of Form 15.
Sooooo...I find it hard to beleive that come June 11th UCP will be on the pink sheet.
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