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Most definitely!!
Well we need to hear something positive soon. Because what has happened over the last couple months is dreadful.
Cant argue with that but somethings seems to be blown out of proportion. Slows things down. IMO
And if he didn't run EVERYTHING through legal and something went wrong, then some would call him incompetent or a crook. There's no winning trying to make everyone happy. So a good CEO does what they believe is best for the company, and just let haters hate.
Ok that was funny. lol. Just so you know he doesnt "divulge" much but there are a few of us willing and trying to help with the problems we see. They are undercapitalized. I have said this for years. A few of us would like to raise capital for the company so that they can deliver on what they have. Preferably this century. CEO is not as receptive as we would like. He worry's too much about every single rule and reg. EVERYTHING has to go through legal and then some with him.
What's the point of talking to him if legally "he can't divulge any info that isn't public". He blows so much smoke on phone calls if it were possible to escape the call into the atmosphere, the earth would enter into another ice age.
Poor Gordo after 12 years ,his money still down the drain, ceo said to him, give me 5 years to deliver.....after 12 years only more b.s and lies.
No problemo bud. I’m around.
Ok sir. I leave early today so I will call you when I get off the train. About 2 hours.
Saw your message. I spoke with him this morning. I tried to call you but I think I have my numbers confused. Sorry it took so long. Went to see the granbabies. You can call when you have a chance.
Thats alot for 3 months... they didnt do any of that the last 9 months.
Would love for that all to happen though!
They are full of shit.
Only if he doesnt do what needs to be done. You know as well as I do what he needs to do, deliver revs, accurate forecast, rs, shrink a/s, finish audits, S1, raise REAL capital and uplist. Easy peezy lemon squeezy! He does that by January 1 and I stay. If not, im out along with a few others. Without that they have no hope for longevity, will flounder for a while and close shop. Its a shame but he keeps listening to pinky flippers and people who really dont understand how things work. You of all people know Im right.
I dont know whats worse. Dangling that carrot and saying its coming
Or just outright saying nothing is coming. Well at least they are honest.
In 3 months, you wont be here anymore
great news. keep us up to date on great things going on. we need pr soon
STOCK CAN BE A MONSTER 6$$$$$$$$$$$$
A little grumpy this morning?
Scrumbage b.s for 12 years , sec put him jail.
Either that or they just have what they can handle. I have said for years that their problem is that they are small and underfunded. They have the technology they just need to restructure, get real funding in and hire people to pump out product.
This has always been my issue with Alex. He'll chat up shareholders trying to dangle the carrot. I used to talk with him many years ago, but it was total bullshit. I'd question him on stuff and he'd just talk over me with something new and amazing. Problem is, amazing never came. It's simple, run a business, get sales, let the pr from that do that talking, not constant talk about sales and that never follows through.
Uatg must have a line of customers out the door.
There is another oilfield conference in OCT and when I reached out on twitter bout it they said they would not be attending.
They must feel pretty confident
They did mention the iron removal demo several weeks ago on TWTR. Thats why I called along with a few other reasons. They just never gave a specific date and he didnt really give me one either. Not that it matters. Demo doest men anything until they get customers after the demo right? All that matters are revs right now. Then they can start doing the things that will move the ball closer
If this is true and he has revealed it to you, a shareholder, why hasn’t he made everything public for the rest of us? The silence here is terrible for the stock. It’s no wonder why so many shareholders are unhappy and bashing the company. He just needs to keep us updated. Just tell us the truth, no fluff, no unreal expectations, no more missed deadlines. As a shareholder, I just want to be informed as to the progress, if any, of the company.
Uatg is all bark and no bite.
Im expecting we hear about audits some time in q4
Anyone have any insight if uatg filed all those patents they spoke of?
I think we've seen enough video we want real contracts and he can stops the b.s.
As long as they deliver it. When I spoke with him the new iron remover demo unit just finished QC testing and was being prepped for shipping to TX. Unit is probably there already or just about to be there. They have a big demo coming up for new customers this month. I am sure they will announce something. Maybe show some video and pics?
oil technology will be a monster up up and away real soon. prs on the way $$$$$
Alex going to enjoy ride the to prison
This is heading for .001 and y'all are still pumping that criminal Alex hahahahah enjoy the ride into bankruptcy.
Im wondering if 3rd party testing came back and failed, so the other parties pulled out?
And even if that happened we still have water purification contract, but those need to be built
Even a broken clock is right 2 times a day. Hopefully Alex gives something to chew on because the carrot is just a string at this point.
Not sure what to think. They seemed to be up to something as if they had a plan and were going to make some big announcements but its seems obvious now that he or who ever is distracted with H2O/Ossifix stuff. I did call and speak with him briefly a few weeks ago and he was in TX, was heading back and was going to be back in TX in a couple weeks which is probably about now timeframe. I think he is much more hands on than any of us think especially after all the delays. Hes probably the type of guy that says if you want something done then do it yourself which is ok but not really a great long term strategy in my mind. I know Steve Jobs, Elon Musk and Jeff Bezos were that type but Alex is not them and UATG is not Apple, Tesla or Amazon. Hopefully we hear something by end of month for new Q
I’m believe that Alex was going to announce contract news at the end of the 3 week PR campaign. But, he didn’t. What’s your thoughts?
2 shares. Pathetic. Market liquidity on this ticker is bipolar
Lol manipulation lol
Someone just purchased 2 shares and moved this .004 just imagine what’s going to happen when news hits and we get huge volume!
So far they have only lies for years.
lets see a pr whats happening with their oil technology that will be a monster.
they have monster products. oil technology will rock
lets go bring on the prs
Yep, $7T lost this year and $3T in retirement savings so far this year. Im sure the past 21 months have not been intentional at all. What a joke
Ouch day on the markets. Total blood bath. Let's Go Brandon!
I was buying and selling this long before you arrived. Read the Q's, he was converting shares in the filings as late as 2020. He's still issuing preferred shares. This q should be telling, should have $4m or whatever order in right??
Read the Q's. There have been no conversions from preferred for many years. At least as long as I have been in which is over 5 years. You said "he" meaning Alex or the company converted shares so they could be sold in the market. That is not allowed. Companys can not sell shares into market nor can they circumvent Rule 144 trading restrictions. You are most likely referring to the 3a10 they did a few years back which is perfectly legal and has nothing to do with converting preferred especially in this case because their preferred series isnt even CUSIP'd. Also, a/s has been maxed for a while with no increase. Previous issuance has been of common stock that was available out of their "treasury" or existing a/s which needs no conversion. Been doing this a long time and totally understand that things are different down here in otc but rules are rules no matter what.
There are no rules for previously issued shares that are already in the float. They are already accounted for. Ask yourself, what is happening to those shares from people he converted to preferred??? The company didn't pull them from the float or restrict them. Actually, around the same the time the large portion converted, large lumps got sold into the bid dragging the price down.
Also, I don't really consider buying at the ask on heavy downticks much of a buy.
SMH. LOL. Out of 12 trades, there have been 3 sell orders down. Mostly buying out open positions. Then again isnt every buy a sell on one side of the order LMAO. Wouldnt selling out to convert to preferred require issuance and a purchase order privately? A filing, unethical and against regs for a company to do? Ahh never mind those pesky little rules and obstacles, lets just spread bs rumors to convince the pinky traders that dont know any of that stuff. makes it fun right?
A lot of sell volume the last few trading days. Alex must have gotten ahold of a few more to convert past investors to preferred shares so he could sell their shares into the market.
The thing is that this is actually a viable company. Although it’s not generating the numbers that we all were hoping for (yet), they are making money! They are on track for 2 mil + with their current trajectory! This company should be trading in the Penny’s right now. But, if Alex actually delivers with Ossifix and H20, we could see silver really fast! Bring it on, Alex!
At least the V is finally up. PPS not great but what else is new. Hopefully we get some news next week. Tik toc Alex.
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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)
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
12-6-22:
Source: Yahoo News Published on 2022-12-06
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