URBAN COMMUNICATIONS INC V.UBN

Interesting story - but not without overhang

[Infidel_]

I have been picking away at this one for a while now (and flipped a couple times for fun) but there are a lot of risks, obviously. Some debt, for example. They could do a financing but at this price that's a lot of dilution, so maybe there's a rollback possibly coming. Considerations like that have to be kept in mind here but, even so, at 5-6 cents it's worth taking a flier on...assuming all their claims are true (and I have no reason to doubt they are). Very under the radar which is both good and bad.

[LauraDover]

In the preliminary financial results for the 2nd quarter, the ceo said: "We are on track to meet our objectives for the year and are focused on winning new monthly recurring revenue opportunities as well as delivering new products and services to increase average revenue per user and market share".  One of the objectives for the year was EBITDA positive, so hopefully that was the

[LauraDover]

Question with regards to risk: In the MD&A,  it says: The Company’s publicly traded securities have reflected its operating at a loss, while at the same time not reflected its inherent asset value.    The cost to build the network of UBN is $57 million (according to an independent assessment).  On their balance sheet, UBN had listed PPE at $8.7 million.  I am