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That would break my heart.
You've given up. There's no logic in not expecting him to have revenue this quarter. The machines are running according to him. He needs to quit bullshitting around and get something done, anything... Starting by updating investors with actual, plausible information. He lit the fire and ran off to leave investors to burn.
Anyway you cant sell ,no support
I think alot of people will if no revs are reported
Or you could just sell and move on to something better.
Lol. I guess I've developed more patients than some. I'm not saying I wouldn't like seeing something before Q4.
I think we all agree
Based off what alex has said if no revs in Q2 24 Pitchforks and torches will be out
I am in the same boat. If no revs in Q2, then there is no H2O. Like Dwags say, let Alex close the shop.
Wait, you say Q4 as in this year. OMG. Are you kidding me. I expect Q2 since the machine has been working. He literally has to show revenue in Q2 to save face and there is zero excuse for anything but that.
Half a year almost gone ,we still dont know if real or scam not current anymore so he can b.s big time now
WAHHHHHHHHH STOP BEING MEAN TO MY DADDY ALEX WAHHHHHHHHHH
So if a person has a family member that's got a drug problem, and every time they say something to or about them, they bring up the drug program. That person is telling the truth and is a dirt bag. There's no need to constantly bring up someones shortcomings. Most people wouldn't want to work with someone like that. It gets old to hear the same barbs and put downs all the time.
I don't know why something that was making money wouldn't show up on the financials. Very odd.
I'm in no hurry, but Q4 I expect to see something worth the wait. I've got more stocks than I should. I wasn't expecting much from any of them till there's a change of government.
unfortunately Financials not audited so he can write all the lies he wants and after 14 years we can believe that he continues his lies until proven otherwise
Not off the top of my head
Sorry
Do you guys remember the exact amount they got from private financing? And how many units they can build using that amount? I remember him giving that info either in a video or a Tweet.
Based on the Q1, they have "order process commenced" for third and fourth trailer in Q1. Can we confirm that they have recieved SBA loan based on this info? Or you think this is all still the initial fund they got?
From Q1:
Sba loan will happen after they have proven revs i believe its 30 days?
You are correct
the bank gave nothing, he had alternative financing, must prove that it works for the banks given, for that, he got rid of all the scams
If anybody still thinks Alex is a scammer, you should answer, what is he gaining out of it?
In the past there were dilution, but for the last few years, what has he gained? What do you think his master plan as a scammer?
And you really think some banker gave him millions of dollars without verifying H2O is real or not?
If anybody can give good answers to these questions, I am all ears.
Please for god sake, have one good discussion here than fighting and venting frustration.
I agree, been here only few years here, but getting rid of all other subsidiaries was the best decision he took so far. Now UATG looks like a proper company. No more switching stories from Wind turbine to Covid to what not.
Focus on H2O to generate the revs.
After 14 years is time ,what a fucker
That is for sure. If only Alex would give some guidance again. Not much investor confidence in him still. He needs to clean that up by getting something right.
Y'all making serious bank on this, huh? Bahhahahahahaah
Novi was successful according to Alex. Ossifix was successful according to Alex. Nextcast was successful according to Alex.
Wonder what’s going to happen 😂
if H20 is successful and it appears to be, sky is the limit. Could be major $$$ and could happen rather quickly at this point. Been in UATG for 10 years and done well… riding a significant amount on the house. I’ll play it out. Alex has done well keeping the OS in a decent place over the years. I enjoy your thoughts. Cheers!
5 cents with r/s
I was told this would be at 5 cents easily by now. Why’d yall shut up so fast?
6- Additional units being built......you have proof ? Or its Alex b.s
Draw your own conclusions:
Cons
1- No income at all in Q4 2023
2- No income at all in Q1 2024
3- Hygieia, their only source of income has disappeared.
4- Pending 4 million default judgement from Ossifix
5- Currently Pink limited
6- Financials not audited
Pros
1- Alex has protected UATG assets from litigation by putting a 4.5 million dollar lein against them for back wages
2- Alex says he is going to counter sue Ossifix/Mark for 19.4 million
3- UATG stills holds over 50 million in contracts
4- The H20 tech works
5- WORKING prototype presently in the field and is exceeding expectations
6- Additional units being built
Alex is 6 months late
Depends, if he is switching the focus away from oil cleaning, then I would be selling my shares for sure.
Old Alex, used to switch stories time to time.. But he hasn't done that for last two years. In fact, he got rid of all other subs/stories. So hyper focused in H2O.
That's a good sign. IMO, that shows how confident he is with H2O.
There is shit talking on here and truth. Immediately categorizing someone speaking truths doesn't make them a dirt bag. Not to say he can't turn it around, people do it every day and I'm pulling for him to, but his track record is pretty abysmal. If he gets his first win, his reputation will begin to heal, but until then he has zero success on the books. So do you believe q2 revenue is coming? Otherwise q3, q4? Did he quit doing Hygieia or just take it off the books to do it in his living room now? I mean the site is still active and selling... Why remove the revenue?
https://hygieiaskin.com/products/hyaluronic-acid
Your own timelines 😂 it’s been 2 years since Alex said $50mil would be reported on the books hahhahahaha. Yall are so funny.
I can understand your irritation. I personally have my own timelines that I would like to see things done. Alex isn't perfect but this IS a penny stock after all. He does way better than most OTC stock CEO's.
what will happen if no revenue in Q2?
I don't think many will agree with me, but I believe getting rid of all subs and focusing on just H2O shows how much confidence he is about H2O.
He wants us to focus only on H2O. He better show revs in Q2 though..
Still I am mad about not being explicit about Hygieia divesting though.. At least, bad timing IMO.
Or maybe he's just tired of all the shit talking from dirt bags. If investors think he's dishonest then they should sell.
No attorney letter for a good reason smell de rotten for 14 years
Getting rid of Ossifix, Bacter, NextCast and Boost doesn't bother much. But getting rid of Hygieia - the only cash making cow demands an investor communication.
That was a miss from Alex. I don't care whether you agree or not. He did PR for NextCast and Bacter. Why not for Hygieia?
Seeing zero revs in Q4 and Q1 was a surprise for 99% of the shareholders.
Alex fuck shareholders since 2010 , track record never lie
This whole thing is about to vanish into thin air. Can’t. Wait.
Exactly, Bobbar. Whether some think so or not, Hygieia was producing revenues and making a profit. Although the profit was disseminated on the spreadsheets. Fact is, The Company was doing 2.6 million a year, was a viable business model and had value. The IP was worth millions alone. It shouldn’t have just vanished into thin air.
I think he's told so many lies he can't figure a way out of them so he's just gone quiet. Probably better quiet than telling a fib. The real question is... Will he go on record saying revenue will appear in Q2? He just can't shake the conman ways I guess.
Or sell it and use those funds to build more units
Or sell that business to pay out the lawsuit
Or sell it to clean up balance sheets
I do recall mention of some of that. It still would be nice to know the details of what happened with Hygieia. It seems strange to dump a subsidiary without a PR.
Sound familiar, anyone? Alex makes a massive business pivot once his current scam fails? I think Mcol has preferred shares at this point with how much he's pumped this up.
Tin foil hats coming from you? You’ve gotta be kidding me hahahahahhhah. You said you were out without a reverse split, so why don’t you leave? Ahhhh move the goalposts some more, you donkey.
Next thing you know we will have people demanding yet ANOTHER dumb video to tell us the same crap we were told several times months ago. Then they will complain about the video of course and use it to push more negative crap on all of us. I have an idea, MAYBE PAY ATTENTION to your investment that you say you care about so much but don't listen to anything the company says but will listen to talking heads on the boards. Waiting.... for every basher to respond with what the company has said but hasn't actually followed through with while ignoring everything they have actually done.
lol. It's weird how some remember only the things that support their narrative but completely forget everything else. Alex said he was getting rid of EVERYTHING but H2O and UAT and he said it a few times. No one remembers him saying UAT on hold and H2O is the only focus moving forward until they are up and running and don't need him? He was finishing the financing and "banking"? They were launching the iron removal machine? Then back to the water cleaning machine again to service the oil customers using water in drilling? No one remembers any of this? I will now wait for the snarky comments about all the negative and bad things remembered that replies will be about but not actually answer my question. lol. Tin foil hats man.
Totally agree, He should either do a press release or at least do a video explaining the terms.
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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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