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You actually have a cost basis less than
0026?
Bwahaha. All that time you spent saying you hated the stock and then insinuate you are putting 9m in the ask and might sell it down. That's some OTC rich stuff right there.
I did previously and at that time he said he is leaving that to the attorneys. I didn't ask about it this time, but he did mention that all the other subsidiaries understood the reason for being divested by UATG except one (guess which one). He said he still maintains a good relationship with all the other former partners (with the one exception). That was all I got on the topic.
I did previously and at that time he said he is leaving that to the attorneys. I didn't ask about it this time, but he did mention that all the other subsidiaries understood the reason for being divested by UATG except one (guess which one). He said he still maintains a good relationship with all the other former partners (with the one exception). That was all I got on the topic.
Enjoy that Ask, everyone! Might dump it. Who knows.
Did you ask about the lawsuit or counter suit? That is one of the elephants in the room.
I spoke to Alex yesterday. We had a good conversation that lasted probably 20 minutes. First it is worth noting that Alex is getting over being sick. He said he tested positive for both Covid and the flu. He was still coughing a bit on the call. He mentioned things are running behind a bit because of that. I don't recall everything we talked about, but below is what I can remember. I apologize if it isn't in any rational order.
* I asked whether earnings are on track to meet what was projected and he felt they are either on track or at least very close.
* He said they are focused on constructing as many oil treatment units as possible. There is a huge demand and they are doing their best to meet that demand, but at the same time they are trying to mostly use revenue to finance the construction. He explained why, but I don't remember what it was.
* He explained that the reason UATG divested itself of most of the other subsidiaries was that they did not have the potential as H2O and he wanted to focus all resources on H2O since it has a lot higher potential.
* He explained that the water treatment actually has more potential than the oil. However,. the oil treatment is quicker, cheaper and easier to get into at this time.
* I asked about whether they were still planning on buying oil to treat and sell. He said that is still the plan since the income would be better, but they are still planning renting the units also.
* He is planning on creating another update soon, but is behind because of being sick and also he is waiting on a few things.
* Hurricane Helene appears to be heading straight for the UATG office so he thinks that might hold things up a bit.
* The only remaining subsidiary is UAT and it is mostly inactive because they are focusing all their efforts on H2O. He said it still has potential.
* He wants to build a facility to manufacture the oil and water treatment units to speed up production time, but if I understood him correctly that is something that won't happen anytime soon.
If I remember anything else that is worth mentioning I will post again.
Wow some big buying to start the day! Oh that was selling oops LOL
Hello i think was just a dream
What do people think when they go to stocktwits and see the ramblings of that idiot Tyaz? Lol good
Lord.
He said something about trailer 3 and 4?
I called and left a message to Alex over a month ago,he called back about a week later and we talked for about 15 mins.
At that time things were going good on the H20 front.
It is happening, just need to be Patience.
About 90% of shares have been dumped into the bid this month. Looking good!
When you add it all up, you have your answer. He's straight up ignoring people's questions lol. It's over.
It's indicative of how much people trust Alex. He did all that "updating" when the q released, why not be a CEO and do CEO things like update investors in your floundering stock. At the very least say you can't say anything because your pants are being sued off. Where is that counter suit at?
Creepy dude. Why aren’t you buying? Why is nobody buying? You were wrong again. It’s crazy how awful you are at this.
You sniffyy naughty doggyy...
Awwww checking to see if people have talked to Alex on twits? Bahahhahahahaah. Getting worried?
Sorry for your loss. Well, not really lol. Oh well!
You are right. It is going to obscurity like you said.. lol
Its coming give Alex 22 more years
How's it going Eddy? Why aren't you buying shares? You said this was going to run like crazy? LOL
I thought this was going back over .01 with the big news? Lol. Yap yap yap yap yap yap. Yall talk more than Alex with no results.
He only responds to mcol
I emailed Investor Relations last Monday with the following questions and didn't receive a reply. I wonder why? Very simple questions to answer not pertaining to the lawsuit.
- It is unprofessional to have a yield sign for this long. Why hasn't this been addressed or corrected?
- You have made many misleading statements in the past year in regards to the timing of the units being constructed and in the field. Clarity on the updated timeline could be beneficial to all parties involved with this investment. Are there 2 units operating in the field? When are the next units set to be operational? How many units will be running by 12/31/24?
- What is the current status of financing?
- You've stated in the past that Audits were complete and "waiting on review". This was false. What is the plan for future Audits?
- You stated plans to uplist to OTCQB in 2024. What is the status of that plan?
I doubt he'll say much until that court case gets dealt with. He was an idiot for not dealing with that con from the start, 2 cons don't make a right. At least he appears to try to be making something legit for once.
Not being current isnt helping.
Also no PRs also is keeping this stale.
Maybe that changes soon or it doesnt.
Sure dwags.. I will take some..
I've had an order in for a couple weeks now. I keep getting piecemeal fills. Last group was only 100 shares. Good luck.
If. If. If. How many times are you gonna squawk with a bunch of ifs. Embarrassing. Please buy more and pump this up so I can sell millions on the ask!
I am tempted to buy some more shares..
I might do this week.. lol.. I know it is worth more than current PPS
Lol.. if Alex keep on delivering and if we get rid of yield sign, surely this will run..
Just matter of time.. Dwags..
Yeah….. no. Absolutely zero buying here after all of your yapping. Hysterical.
Pretty sad trading behavior but expected..
Going to take a long time for Alex to regain the trust. Q2 won’t do it.
Hopefully things will change through Q3. If the company doing good, PPS will eventually follow..
Hopefully Alex has changed for the good.. lol
Almost at NEW 52-week lows! What massive news! Make sure to listen to the bulls, they're always right!
154k was a big deal only because we had the Ossifix nightmare. "Pins are sold out.. exceeded expectation" and finally zero revenue.
I was ready to dump shares if the same happened with H2O in Q2.
The Q2 has no other significants. He at least broke the loop and made a real tangible business. If you look closely at the pictures, they have done quite a lot of work on that site. It is not a picture to fake the business.
But, the real proof is going to be in Q3. Hoping to see a 7 figure rev. Otherwise we are in trouble..
And I am not expecting any magic to happen with PPS until then. Especially Alex is not pumping the stock at all. So I am hoping is on to something real and tangible .
The way Alex is evolving, he's going to need at least 2 years to see anything significant.
Thanks Mcol. Guess it's just more wait and see!
In typical fashion for Alex, this kind of answers the questions with more questions. I haven't really caught up after coming back in town, are the videos supposed to be the second trailer set up? They allude in the filing that the 3rd and 4th are being designed and ordered. Did they ever upgrade to the high capacity they claimed was happening soon? The lawsuit is the kicker though, he needs to get that straightened out quick. A bs'er let another bs'er make a claim on some bs, now that's bs.
He needs more then one or 2 trailer to make good money
What matters are revs. Don't let the legal jargon about "going concern" get to you too much. Every company puts that crap in there to cover their asses. The only thing I would watch is how the lawsuit goes and wait for when they countersue. The rest is legal cya from a non-reporting bulletin board company. Most of the crap on otc Q's regardless of company is not accurate anyway - unless they are audit (QB, QX). The next Q and EOY are what's going to show us if they can make money with their wonder machine. It certainly looks like they finally have something.
Tyaz has been around a looooong time. Longer than me I think? He just likes to make jokes and push buttons. He's retired so it's also possible he day drinks. lol. Don't let him get to you.
I was one of Alex's greatest cheerleaders, but over the past year I've lost a lot of faith and respect. I feel that we may not be getting the complete truth about things. First, he was very late filing Q2. Second, in Q2, he shows $154k in revenue, but nder the "going concern" he states that "the company has no source of operating revenue". Which is it? Revenue or no revenue? Third, the accumulated defecit is almost $34 million. That does not bode well for the immediate future. Personally, I don't care about seeing a few lousy pictures. If the contract is supposed to generate $50 million in annual revenue, $154 thousand is pathetic, but I'll (once again) give him the benefit of the doubt because it's something (if it is legit). Q3, should show a massive revenue increase. Like the rest of you, I'll continue hanging on by the given thread. And nothing has been said nor done to increase share price.
Down 10% 😆😆🤣 Want to know when someone is a fake bull/pumper? When they hype a stock over and over and when the 'big news' hits, not one share is bought when the market opens LOL. Just hilarious. If this was 'going to .01', y'all would be buying millions of shares right now. Imagine that.
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One of their subsidiaries does Crude Oil Cleanup, and recently received (2) $15M contracts. (See News below)
Another of their subsidiaries has a unique bone grafting system that is currently live in Texas, and will soon expand to Florida (See News below)
Share Structure:
Authorized: 1,000,000,000
Outstanding: 1,000,000,000
Float: 924,000,000
Umbra Applied Technologies Group, Inc (OTC PINK:UATG), announced today that it has reached an agreement with a lending partner to support the growth of its subsidiary H2O Processing.
The private equity partner has provided the necessary strategic growth capital to support the production of its iron mitigation systems that remove metal ion from crude oil. Initial systems have entered production and are expected to be delivered to customer sites over the next several weeks.
The obligations of the debt financing will be paid from the proceeds of production. The timing of the first payment will allow for the units to be constructed, delivered, placed into operations, and generate cash flow before that first payment is due. Notably the Company will be able to fulfill the requirements from more traditional financing sources as a result of this financing.
H2O Processing went through underwriting with The Bancorp SBA program in May of this year which required minimum revenues totaling three months.
https://finance.yahoo.com/news/uat-group-receives-financing-iron-140000240.html
Umbra Applied Technologies Group, Inc's (OTC: UATG) subsidiary, H2O Processing, announced today that, it has received two separate letters of intent. Under the proposed funding agreements, the bank would provide a credit facility through the SBA 7(a) loan program. The credit facility is provided by an SBA National Preferred Lender, institutional banking services provider and one of the few bank-owned vehicle and fleet leasing groups in the nation.
H2O Processing Chief Executive Officer, Stan Abrams stated,” We are working within an expedited SBA process through a major bank. This shortens the processing time which allows for SBA funding to be issued within very short cycle.”
Each of the proposed lending facilities would provide $500,000 in initial working capital for a total of $1 million. The capital is to support the equipment delivery of the Company’s proprietary Iron Removal System and ancillary services under the previously announced contracts. Under SBA 7(a) loan program each loan could be increased to up to $5 million each.
Chairman of H2O Processing parent company, UAT Group, Alex Umbra commented, “Additional news on production scheduling for the build out of these units, delivering those units onsite, and revenue guidance from units will be forthcoming.”
https://finance.yahoo.com/news/uat-group-subsidiary-h2o-processing-123000680.html
Umbra Applied Technologies Group, Inc's (OTC: UATG) subsidiary, H2O Processing, announced today that, at the request of The Texas Railroad Commission (“TRC”), it has submitted a proposal to support a pilot program designed to treat and reduce wastewater currently being disposed of in salt water discharge wells. The objective of the TRC’s program is to not only reduce the amount of discharge water, but to address the amount of seismic activity in the Permian basin.
H2O has developed a proprietary process to significantly reduce the volume of water injected in to salt water discharge (SWD) wells. The process can: 1. Treat the water to a quality that can be used for agricultural use. 2. Treat high salinity water by separating the salt and reducing the remaining byproduct for disposal to approximately 10%. 3. The separated salt can be captured and marketed as a commodity.
The H2O proposal outlines the use of a 200 gallons per minute system (6,700 BBls/day) and includes a mechanical evaporation unit to treat water where the chlorides are above 60,000 ppm. H2O believes this system will properly demonstrate the viability of the process. Once this pilot project is completed then, H2O can work with the TRC for larger systems to be deployed to treat larger volumes of water in various areas identified by the TRC.
The systems are portable and can be used in different locations in order to prove the ability to treat different waters from different locations and wells.
H2O Processing Chief Executive Officer, Stan Abrams stated,” We are very excited to team up with and support the efforts of the Texas Railroad Commission. My team and I are looking forward to working with the Commission and the great State of Texas”.
H2O’s evaporation process is a mechanical system that will produce a “clean salt” that is less than 10% moisture. The salt can be processed into several products to meet a large demand and market. The salt commodity can be marketed and removed from the process sites and converted into an income-producing product instead of a waste product to be injected in to a SWD.
https://finance.yahoo.com/news/uat-group-subsidiary-h2o-processing-123000954.html
12-15-22
UAT Group’s Subsidiary, H2O Processing, Announces Up To $17.2M Contract with Texas Oil Company
Denver, CO, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Umbra Applied Technologies Group, Inc’s (OTC Pink: UATG) subsidiary, H2O Processing, announced today that it has been contracted by Pinto Red Gathering Company (PRGC) to treat iron contaminated crude oil. Under the agreement, H2O Processing will treat an initial 650 bbls/day for the first 60 days and 1,200 bbls daily every day after based on existing production. The contract specifies a reduction in iron contamination to under 10 ppm minimum so that product may be retailed to a U.S. pipeline. The newly signed agreement outlines an increase in production to 1,200 bbls a day totaling an estimated $3.24 million dollars in annual service contracts. Initial anticipated monthly production is valued to begin at an estimated $108,000 eventually increasing to $216,000. The agreement announced today further allows for an increase in production of up to 8,000 bbls a day totaling an estimated $17.2 million dollars in annual service contracts. Increase in production will coincide with the delivery of additional equipment from H2O Processing over the course of the year. This contract is in addition to the two previous contracts announced earlier in the week. In total H2O has announced three contracts this month totaling nearly $50 million annually.
https://www.otcmarkets.com/stock/UATG/news/UAT-Groups-Subsidiary-H2O-Processing-Announces-Up-To-172M-Contract-with-Texas-Oil-Company?id=383949
12-13-22:
UAT Group’s Subsidiary, H2O Processing, Announces Second Contract Valued Over $15.4 Million
Source: Yahoo News Published on 2022-12-13
12-8-22:
UAT Group’s Subsidiary, H2O Processing, Announces Up to $15 Million in Crude Oil Iron Removal
Source: Yahoo News Published on 2022-12-08
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