sunserve wrote: Canadian Insider Files show that
Jagdip Singh Bal (JAG) has been
having to dispose of shares at
Less than Cost since last Fall 2016 -to keep Himself ,
& His little
UMB Stock - Promo Biz. afloat.
Since there is no cash on hand for UMB,
there was a plan todayto "gang-push" the SP
( originating this am.through ANONYMOUS
& CANACCORD brokerages ) to replenish the UMB "Kitty"
(see NR issued after trading hours of Stock Options @ .07)
Checking the 10 year chart for UMB -
shows the
continuous decline since inception,
with these manufactured "push-ups" from time to time.
to raise Share Holder equity to
Pay Themselves & replenish the coffers.
sunserve wrote:
Here's again are the UMB Financial Facts from
SEDAR Files which shows the amazing amount of Shareholder Equity
that Management has managed to
"EXPENSE-SPEND" ( in the past
five / 5 years )
with
NOTHING to Show for their
"Expenses" ! No sales/revenue/cash/assets/inventory NOTHING! Here is the
EXPENSES Outline that clearly shows the H
uge Spending - &
Increase in # of shares outstanding, since JAG took office.
A quick check of the Annual Financial Statements shows
the following (since the
Initial Trading Start in
Jan. 2010)
& also when
Jagdip SIngh Bal (aka JAG) took over as
Pres. / CEO / Director in
Dec. 2012 during which time
the proliferation of New Shares, & Deficit -Spending
of Shareholder Equity $$
increased dramatically. # Common SHARES EQUITY DEFICIT (Raised) (Remaining Bal.) Oct.31/2011 9,496,972 $2,108,286 ($1,053,093)
(Year end)
Oct.31/2012 11,786,972 $2,405,697 ($1,906,948)
Oct.31/2013 24,552,912 $2,965,447 ($2,350,047)
Oct.31/2014 37,902,972 $3,860,082 ($4,219,339)
Oct.31/2015 51,966,972
$5,061,580 ($5,342,815)
Oct.31/2016 60,742,146 $5,913,119
($6,193,424) How would you like to have an
Expense Account like this ? ? !
& no one to give account to - for
6 Million Dollars vaporized ?