United Communications Partners Inc (PK) (UCPA) News

Interesting. Can’t find trekronors instagram anymore.

No doubt.

After paying out old shareholders they will probably run this to .03 min again. Wait for it...

Bravo, at a minimum a record is created when you do that. They(court, lawyers, regulators, etc..) will never be able to ask you why you didn't complain.

I went ahead and filed a complaint also. I am pretty sure it will not do anything but what the heck. Good luck to all you guys!

Dissenting will preserve claims for later recourse, make no mistake.

Correct it applies to everyone no matter how you voted. Majority rules

Even if people voted No and dissented, correct?

no idea

How long will it take to get the money.are you sure it’s automatic?

I decided not to wait and took less at .0028 as the other day there were over 11 million for sale at .028. I am done with this crap company that has never cared about its shareholders and should have never been public to begin with, with 76% insider held. I took a 40% loss this time but made money before flipping it. Glad to be done with this POS and used the funds for others.

You can’t hold it, in the next few days your shares will automatically be sold to them at the buyout price and proceeds put into your brokerage account

Not at this point, but once they complete the "squeeze out" they can let it run. I dissented, AND filed an SEC complaint.

Would there be any reason to hold this instead of selling at .0029? Is there any possibility here of getting more then .0029 per share at this point?

Well I took half off my books. Wish we could include a big FU to the buyer. Still know it all happened for a reason

Is there some sort of process that we would need to do to at least get the .0029 per share? Really frustrating

Just filed an SEC complaint against the company, didn't cost me a dime. May or may not help, but at least my record is now made. Filed my 3 dissent emails as well.
Anyone who would like to do likewise, it's here:
https://help.sec.gov/s/

Here's how a squeeze-out merger can work:
Majority shareholders form a new corporation.
The new corporation submits a tender offer to the original corporation.
If the offer is successful, the acquiring company merges its assets into the new corporation.
Minority shareholders who don't tender their shares lose their equity position because the original company no longer exists.
A parent-subsidiary merger is another way a squeeze-out merger can occur. In this scenario, a parent corporation that owns at least 90% of a subsidiary's stock merges with the subsidiary. The parent company can then force the subsidiary's shareholders to accept cash for their shares.
Forced sales among shareholders aren't common, but it's important to be aware of the possibility when planning long-term investing strategies.

When will this all pay out? I doubt we will get a class action lawsuit going, etc

If he thinks it would go class action, YES.

If he thinks it would go class action, YES.

Yep we did with a buyout at .0029. We never had a chance. They obviously counted the 76% shares held by the insiders. this proxy vote was just an exercise to make it legal and we had no chance. This company should never have been trading publicly basically putting out nothing for years. Zero attempt to increase shareholder value. The winner is Making Science. We lose. 1.3 billion shares in favor, 74 million against.

So we all got screwed here … seems like same thing is going on at rxmd … how is it legal ??

Has to be someone out there willing lol

I wonder if an attorney would take on a lawsuit for pay if we win?

Sound Familiar??
A company merger can force minority shareholders to sell their equity through a corporate transaction called a squeeze-out or freeze-out merger. In this transaction, majority shareholders use a merger to gain ownership of the remaining shares in a corporation. Minority shareholders are then forced to sell their stock for a cash buyout, also known as a fair value cash buyout.

I’m in! Where do we start?

Bullshit . Let’s sue . Like the part stock gets delisted . Are they going pay us or we get fucked

X10 .03 that is still way undervalued. Yes, these scumbags intend to rape stockholders without jail time.

If you take total shares at the buyout price it’s like $4,600,000, this company is worth probably 10x that amount as they show a profit consistently. Any wager that they already have a buyer in line (another communication company) to sell this company to once it goes private and it will sell for about 40 million leaving them with a 35 million dollar profit and us holding our cocks

Of course, they have to pay a lot more. However, the real challenge is finding enough shareholders willing to take that step.

It was 1.1 billion they manipulated and bought another 250 million shares on the open market and that took them a few years.

The bottom line they intend to manipulate the stock for a bullshit merger buyout.

At the end of the day, you won't have to pay out anything. E*Trade will settle your account and they will pay you each share for the amount of .0029

Of course they did, probably had friends and family and employees buying on open market everything under sale price so they had enough shares to overcome our vote

That was the first shareholder approval. They still needed the unaffiliated shareholder approval as the second step of the approval for the merger to go through. I suspect they somehow controlled part of the unaffiliated vote though. Total theft of our shares through deception, manipulation and deceit. Nothing new down here in OTC land.

They still voted all their shares. 1.3 billion voted in favor


with 1,350,761,473 shares voting in favor (representing 83.49% of UCP's total shares)

Correct, this issue is ripe for a shareholder lawsuit. Those .0029 shares will be worth much much more after this theft has completed.

They stole this vote somehow.
The approval by a majority of the shares of UCP's common stock held by those Shareholders that are not affiliated with Making Science that were present and entitled to vote at the Meeting, with 118,880,127 shares voting in favor (representing 61.54% of shares present and entitled to vote) and 74,256,632 shares voting against (representing 38.44% of shares present and entitled to vote).

Well whoever interpreted that they couldn’t vote their own shares was full of shit. They voted all their 74% owned to agree to merge so we never had no say in vote anyway. They basically stole our shares for peanuts

In accordance with the requirements of Merger Agreement, Shareholders approved and adopted the Merger and the Merger Agreement by the following votes:
-- the approval by the holders of a majority of UCP's outstanding shares of common stock, with 1,350,761,473 shares voting in favor (representing 83.49% of UCP's total shares) and 74,256,632 shares voting against (representing 4.59% of UCP's total shares); and

Making Science started this merger process when they had manipulated the UCPA share price down to .0022.

On December 13, 2023, Making Science delivered a term sheet outlining a merger proposal to the Chairman of the board of UCP for consideration by the UCP Board and the Independent Committee. The proposed merger consideration was the then current market price of UCP’s common shares ($0.0022 per share), plus a premium of 10%, representing a proposed merger consideration of $0.00242 per share.

I’ve come to the same conclusion. Unfortunately I hold on E*TRADE and they’ve said that I have to pay five hundred to remove my shares in order to enact desenters rights. Don’t have it some all I can do is hope the vote doesn’t pass

The company's value isn't determined solely by its market capitalization. It also depends on factors like the business's performance, book value, property, assets, liabilities, and primarily its revenue. It’s clear they’ve been deceptive, withholding updates and news while secretly accumulating shares to push out loyal shareholders. If I still hold shares, I will take legal action for the damages caused. Very sorry for those who still have share here.

This situation feels like a blatant exploitation. The company has merged with its subsidiary to go private, offering a meager payout of $0.0029 per share. This move severely undermines loyal shareholders. They haven’t issued any news or updates, likely because they’ve been manipulating the share price to benefit their acquisition strategy. If you pursue legal action, there’s a strong chance you could win and possibly receive a better settlement. However, the real challenge is finding enough shareholders willing to take that step.

Most of the shareholders that voted yes must have some connection to Making Science that they are not disclosing. Perhaps employees of UCP and Making Science that own shares in UCPA were told to vote yes. It is very shady.

Shady stuff going on. Price of .0029 is way too low. The people running this circus dumped ca 15 mio. shares without limit last months to lower S/P

I voted NO:
with 118,880,127 shares voting in favor (representing 61.54% of shares present and entitled to vote) and 74,256,632 shares voting against (representing 38.44% of shares present and entitled to vote).
Subject to the satisfaction or waiver of customary closing conditions for a transaction of this nature, it is expected that the Merger will close in early to mid-August 2024 at which time the Merger Consideration would be paid to the Shareholders. If the Merger is completed, it is expected that the Shares will be delisted from the OTC Markets.

Duped... https://www.otcmarkets.com/stock/UCPA/news/United-Communications-Partners-Announces-Shareholder-Approval-of-Merger-with-Making-Science?id=448470

What 3 places did you send notice to? Would it be a good idea to CC secretary of commerce or state franchise board of NV or the SEC?

I sent my request to three locations as they are notorious for not responding and ignoring shareholder communications of all kinds.