What??? Our Directors can become Directors of similar companies?
Our officers and directors are now, and may in the future, become shareholders, officers, or directors of other companies; which may be formed for the purpose of engaging in business activities similar to ours. Accordingly, additional direct conflicts of interest may arise in the future with respect to such individuals acting on behalf of us or other entities. Moreover, additional conflicts of interest may arise with respect to opportunities which come to the attention of such individuals in the performance of their duties or otherwise. Currently, we do not have a right of first refusal pertaining to opportunities that come to their attention and may relate to our business operations."
Solomon Ali is an officer and director in at least 3 companies I know of and the main consultant to a fourth company he founded. I am sure that Vince has his tentacles in other companies as well. It is not enough for him to just run UBRG into the ground, his ambition is to do it to as many companies and their shareholders as he can get his hands on.