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That's the current status for sure. I don't think anyone is holding their breath.
I assume we are all screwed...
Yeah, the "expert" market is where stocks go to die. I wonder if Alex is doing anything to try and resurrect the stock so all his loyal investors don't get the shaft. There hasn't been any singing of praise since he failed everyone.
Interesting. Apparently, no brokers allow buying of grey/expert stocks, which means there's virtually no liquidity. So gamble is still the same: Alex coming through with financials. He's proven himself to be pretty incompetent when it comes to this financial stuff, so it's definitely riskier. But it would be nice to be able to buy at these low prices. I'm very intrigued what ultimately happens with this company.
I tried on Fidelity and Schwab. No luck.
Has anyone been able to buy since they were booted to the grey market? Etrade used to allow buying but they don't seem to allow it anymore.
It's been the same for 12+ yrs. A cash cow though. If Alex tried as hard to make a proper business as he did trying make people believe, he could have had something amazing for investors.
I'm glad I was selling at that time. Made some good money. Sucks to buy at the top but it's part of the gamble we make sometimes.
Just another OTC scam.
Maybe, the only thing people can do now is relentlessly pester him to keep investors updated. It would be a run for the books of he actually got it taken care of because right now he just looks like a crook.
Maybe he didnt like them
It's nothing compared to the friends and family he originally had invested. They are probably not a fan.
Now its real million shares for a big Mac
Id hope would give us weekly updates on whats going on
Others this is dead, alex really screwed over alot of people
Those buys a couple years back in the .01-.0488 range. They lost alot
So sad
For once I can agree with you on something, time will tell.
UATG I HAVE BEEN SELLING IT OFF TO GET INTO AMC!!! AND I WAS RIGHT TO DO SO.
even if Alex does everything right, it will take at least a year to get out of this mess, if Alex wants but maybe everything was planned like that since his silence for 8 months
UATG??? WENT EXPERT MKT https://www.otcmarkets.com/stock/UATG/security BECAUSE IT IS A POS
Every sub penny Pink is a lotto. Let's be honest here, Alex lied a lot and when he finally looked like he was gonna make good on a promise, this happens. If Alex didn't care what people thought of him he would never field calls, but he does have that level of integrity. I actually think he might try to make right all that he has wronged, but time will tell. If not I expect a YouTube video detailing the whole ordeal to drop in the future. :)
For me, this always was a lotto play. I don't expect it will ever again be traded. If Alex is truly making money now, then he won't care about the ticker. He can just fund whatever with cash. People have been attacking his character for years, so I doubt he cares what people think of him.
Probably changed name.
It will be interesting to see how Alex handles PR that is an absolute smear to his name after fleecing investors. All he has to do is make things right, whatever that looks like.
If Alex was honest he will release the filings....but he is not so..
on the OTC website? probably not. But there's nothing stopping them from posting a tweet about the revs or even a PR. If Alex hasn't fled the country yet, you might wanna call him about it.
this is just a pure lotto play. a stinky pinky like the rest now, unfortunately. I'll keep my shares but will relegate it with my other lotto plays.
Is there any rule against them releasing the information in some form despite this situation?
Alwx is a scam ....for 15 years....track record never lie
Alex's book of failure is fully written. I doubt there will be people standing in line for him to sign a copy though.
He had another one besides Ucix, but I don't remember anymore.
What happened to Dogsoverpeople? Last post was in December. 🤔
Doesn't he already own another shell? I recall people were expecting something to develop in another symbol he had taken over at one time in the past. Anyone remember what it was? Does he still own it?
Haha yea right, call him back
15 years you're scamming shareholders, moron
mark my words, he'll take another shell with uatg with a bonus r/s
Can you be more incompetent, moron then Alex Umbra?
The 15th was the end of the grace period which unfortunately despite our best efforts we could not meet. When we are able to resolve those issues, we will post the delinquent filings (2024 annual and 1st quarter 2025). We remain on the expert list until these issues are resolved however, some of the existing issues are somewhat beyond our ability to control. We will not be able to provide any timing on resolution as a result. Unfortunately, this a complex process. Some background: UATG originally became public in 1996 (well before existing management became involved) it was SEC registered and withdrew its SEC registration in 2008. No SEC reports were filed from Dec 2001 to 2008. FINRA wants those missing reports filed. UATG does not have those records. Suffice it to say that it is a problem. Our various alternatives discussed with the regulator body have not been positively received. We remain hopeful but, clearly to date, they are insisting that the missing SEC reports be filed. We continue to work towards a viable resolution and are exploring alternatives to address FINRA’s concern as well as the overall issue.
Its clear now ,was a scam nothing they cant do now to be current...the end
Is there any way of finding out if Alex the crook filed a Form 12b-25 on or before today? If so the grace period is extended to May 20th.
He'll probably cover up his lies with more lies....anyway, he's been doing this for 15 years, the guy is narcissistic, a mythomaniac and a liar.
Yeah, not likely. Alex sure is quiet. His X account, dead silent. If anyone has talked to him, did he have some new spin for the situation.
unless OTC Markets Group determines another exception under Rule 15c2-11 applies,
Better an extension to be in expert market
An extension for the extension to the extension
Geez
I hope not
It is possible to get an exemption while it gets worked through, but this is Alex we are talking about. He's usually failure first, then second, also failure, but third, a taste of possible success sprinkled in.
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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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