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Krysti

04/25/12 10:29 AM

#13103 RE: distro #13096

A shareholders' Action Group could help, distro, IF the Longs think that the UBRG has a fundamentally sound underlying business, and the directors have a credible business model.

My guess is that most shareholders are traders who follow the share price, with little regard to the underlying business fundamentals. The directors certainly appear to focus on what can affect the share price (hence the over-optimistic PRs).

Longs who bought in at a depressed share price can probably just sit tight and adopt a 'wait and see' strategy without the hassle of getting involved in an Action Group.

Only if UBRG directors want to build a valid business will my suggestion on independent non-exec directors or your suggestions for shareholder consultation, have any hope of being adopted.

In the meantime, the directors will continue to owe their allegiance to themselves, and the unnamed insider shareholders to whom they grant discounted shares.