Ok, it is not confidential information just trying to fit pieces of a puzzle together. Hear is one of my theories...
1. UBRG has been stating for a few months now that they have been receiving offers for either buyout or their creditors to take a significant stake in the company. Right?
2. Flip over to Rainco (formerly ran by Ali), they just sold Greenwood Financial to REVO for 10,000,000 in preferred shares (I believe). Read the 8k for specifics. Anyway in Rainco's press release regarding sale to REVO, they state that divesting this asset will allow them "to focus on key objectives for 2013 including the expansion of our corporate offices in Charlotte, a $25-$40 million energy related investment, real estate investment, and creation of a management company to oversee new and potential acquisitions."
Does anything in that quote stand out to you as it relates to UBRG and the increasing press releases from UBrG regarding potential sale?
I wonder if Rainco is a large creditor of UBrG. I would guess so but do not know for sure. Anyway that is my whole theory . When you peel back the onion it just seems to all be coming together. All this released this week! Oh and Rainco offices are in Charlotte as well. As we know ali also is in mangment t revo. hmmm.
JMO!