Distressed Ubiquity shareholders can testify at SEC public hearing

Stagehands set up in front of a green screen at the Ubiquity in Irvine.Shareholders will have a chance to vent their frustrations on Irvine-based Ubiquity Inc. at a public hearing Monday, according to Strategic Capital Management Ltd.

Strategic owns more than 21 million shares in the video production company, which is under investigation for failing to disclose routine and necessary financial documents.

“Shareholders are bitterly distressed over the lack of transparency and respect provided by management and the board towards them. Since Ubiquity has never had a shareholders’ meeting in its multi-year existence, the SEC hearing provides the first real opportunity for shareholders to confront…