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Picked this one off RB... it's a good one...
Shareholder Meeting... I have been an observer of the board for quite a while and rarely post however I WAS in attendance at the shareholder meeting. For any at the company who may or may not read these posts, thank you for taking the time to answer many questions and offering insight. It can be very frustrating at times to watch this board and see the flow of misinformation and conjecture by some however I can asure you that any questions you may have, the "Colonel" will be happy to answer if you are interested in more than just a day trade and willing to call. Basically at the meeting, the company officially started in its new direction by passing all the items in the proxy. It is taking a new direction as Cybertel Capital Corp. by making acquisitions in already breakeven or profitable companies with the intention of spinning off shares in these companies to create shareholder value. While Cybertel's first attempts at this were false starts with UBC and Food and Beverage, they have learned from mistakes, and seem to have have gotten off to a better start with co's like Core Energy under the new plan. This is the first example of what they will be doing from here on out. 10 million shares and 300,000 and thay own controlling interest. Core is producing over 100 barrels a day and with the new production techniques, this should increase to 200 and instead of the estimate used of $24 a barrel, it is now worth $40+. Cybertel gets thir initial investment back, takes Core public, gets 51% of shares and spins some off to us. Difference now vs. the past is these are clean companies and Cybertel can control what happens..not like with UBC or F & B. Cybertel then moves on and makes another acquisition and continues to receive share of the 1-2 million in annual income from the oil acquisition as well. They use marketing agreements in place to help with the telecom subsidiary and The Giving Card. Look for Giving Card to go public in next few months and spinoff of shares. This venture will be larger than expected. Hopes are for $5-$10 a share once fully executed and up on Amex or Nasdaq. Shell merger first and soon. The company is attempting to communicate this new business plan through the latest press releases about Core and the Giving Card. The SEC has delayed efforts and patience here is needed . They are on a very positive track and you will see results very soon. Look for confirmation of the company's new business plan in SEC filings very soon as a Business Development Co. They are changing to a 1940 Act Public Co. which will make them like a closed end mutual fund instead of under current 1934Act Co. Many questions about the past were answered and as stated before, they are taking a fresh start now with this new model. Further confirmation will be seen in filings for Big Vault, as well as possible PR's about large employee unions to approach with new marketing strategies. When you see these PR's and SEC filings in the near future, each one will be a verification of execution on the new business model, not fluff as many believe. Again ..to sum up here..there WAS a meeting..it WAS very positive, and while you may be diasappointed because there was no bombshell PR at 10:15 this morning to day trade off of, the future of this company has never looked better, and I have been watching here for 4 years ..when this used to be $20.00 a share. See you all next year Best of luck
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Hi kick - thanks for dropping in some information. I was a holder of UVCL for a long time, but the company has disappointed me. I'm not much of a daytrader, but would rather hold it for value for months on end.
Could you drop me an email? I'd like to ask you some questions. I have 1.7mln shares as it is. Might add more.
Thanks in advance -- my address is je_golds@yahoo.com
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