new investor will control ucl

If one ever spoke to John Lemon, the quiver in his voice about how difficult it was the raise capital was very apparent. I called John so many times over many months about a capital raising.

UCL will have probably taken the worst deal for the company and the best deal for the investor.

What investor would BAIL OUT this incompetent company and accept 400M shares at 1 cent?

What have UCL not disclosed the deal?

My bet is 1 billion shares at 0.4 cents. When including the $500K recently raised at 0.4 cents, this is an extra 1.125 billion shares or a majority shareholding in UCL.

This will allow the newshareholder to liquidate the zinc assets and focus on the phosphate.