Umbra Applied Technologies Group Inc (UATG)

[Gordo56]

ARCA is NOT a market maker.It is an NYSE exchange partner that completes trades for a fee. Usually pre-arranged. NYSE Arca appoints Lead Market Makers (LMMs) for ETPs (Exchange Traded Products) with a primary listing on the exchange to meet defined obligations in exchange for incentives such as lower transaction fees.

This is potentially significant considering that Mr. Umbra has always said he intends to eventually up-list to either NASDAQ or NYSE but clearly has always favored NYSE no matter how many times he has said he is not sure which one he intends to go to. If he has already begun preparations to up-list to the NYSE then he obviously has something very big up his sleeve because minimum share price to up-list cant fall below $1/share, must have $750 in last fiscal year (depending on standard), must have $5 in assets and $4M in shareholder equity.

There is only one way that is happening and a RS is not it. Clearly a merger is on the horizon. At least we now know what the most likely plan is and why hes been so confident about up-listing. The question now is, who the heck is he merging with and just how big are they? It is known that Mr. Umbra frequently consults and meets with some of the largest defense contractors so I wonder who it could be? I can tell you this that from my conversations with him, he owns stock in all the major contractors that are on the NYSE so maybe that could be a hint as well. Very interesting development.