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And it’s dumped into and gone. That trend is gonna be popular. Enjoy the crash!
Someone is really loading up. They have better faith in Alex than Alex himself.
A billion shares will be no problem when you can buy em for .001 lol. Matter of time. Maybe Alex will break into AI next and have a revolutionary way to magically uplist to NYSE 😂
You are correct, but all you have to do is look back at the filings to see it happened slowly over the course of a few years. Still a better path than burying investors through endless dilution of commons. He needs to start talking about revenue now, we see the machines running.
Could you explain how is that possible?
Since we have maxed out the OS, they cannot convert preferred shared into common stocks without increasing the AS. That is my understanding, please correct me if I am wrong.
He converted a bunch of shares and turned into preferred shares over the years. I suspect those got sold into the market for him. He is out of runway now, he has to shit or get off the pot.
It amazes me how the share structure has been able to remain the same considering the lack of revenues over the years and the expenses he must be incurring with all of his various attempted projects.
he doesn't even have any income and he's already gone elsewhere with another project, he'll never learn
no one believes the liar even with videos in operation, good job
Twitter update from UATG
Best to hold his irons to the fire. That way he gets extra burned when he's told lies.
That's been done before. He said Ossifix revenue was posted to the financials, complete, done. This time will be no different.
We need someone who actually uses Twitter to ask him in the comments. Maybe something like, with the machines being put to use, we can expect revenue in q2 right?
Honest question, how do those of you feel who have an average price over $.01? I cannot imagine being down 60, 70, 80% because of someone like Alex. Yowza.
His failure to address anything about it is typical Alex stuff. Wonder what the excuse will be. Let the company clean 5000 barrels of crude for free as a test. Now creating a new space to not make revenue.
I cannot wait for no revs to be in Q2. Y'all are going to implode 🤗
This update is fine but they should already have one unit operating in the field I think. As in.. yeah there better be revs in Q2
Iron at non detect levels. Focus Alex. Revenue Q2 should be his main focus, not moving the goal line.
New market segment HAHHAHAHAHA here comes the switch!!!!!!!!
This pig is done, not current no revenue
New lows incoming! NYSE next according to Alex 😂😂
99% of OTC scams. Alex just talked more than most CEOs. But he accomplished the same.
how do you manage to fail for 14 years,
Whoever is dumb enough to put big bids up are getting dumped on immediately hahahaaahahah
Alex b.s 2 weeks coming soon for 14 years
You know the game of Alex pumping misleading and fake news? Good deal.
I've been here longer than you I suspect, I know the game here. Cheers.
No, I think it's the power cell charging stations that will take down Tesla 🤣
Going back to the rifle and weaponry?
Remember the 2017 video showing a drone or satellite video of something getting bombed? How was that relevant to UATG?
We all have our own reasons
But if we arent seeing revs in q2 and alex doesnt start PR’n im done
Its simple, alex got rid of everything else including the one line that was making money.
He seemed to put all his eggs in this basket and if it doesnt produce. Myself and others are out
Really surprised this is holding around .004. Pending litigation, no revenue in six months, no real update from Alex.
No. He’s not. And it’s going to be f*cking HILARIOUS when you realize it.
I think many of us have been in and out of this since before Alex. This truly is his best shot at redemption from all the bs. He literally has no other job right now but to make this work and keep investors up to date. We know he's not doing the second part, but is he doing the first?
Sorry Bob. I really do want people to sell their shares. On top of that I may be completely wrong, so I'm not going to elaborate. People can think and say what they will about that. I don't care. In fact I hope many will sell.
When this goes to .001, I expect an apology from the pumpers. Especially my bff Buttercup.
anyway this company is labeled as full of crap and it will take moons to change the rotten smell
certainly but everything is possible with Alex
It won't fly. If he switches focus to anything other than oil cleaning.. Including the water treatment, that would send us to trips with no coming back in years.
if h20 doesn't work he already has something else in the oven
The wild card ......Good morning everyone. I should have some updates for you later this week. Working on in field pictures & vid after we are in field operating for a while. Several other fronts are progressing as well. Should be a good http://week.AU
4:35 AM · Feb 12, 2024
Bonn robert
@Bonnrobert11
Feb 12
Several other fronts
Feb 12
Yes. I will go over those in the coming weeks. AU
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Wind turbines, duh HAHHAHAHAHHA
Alex doesn't have anything else? Maybe. Maybe not. Alex has something that I used to be invested in almost a decade before I even heard of his company. The question is can he put it to good use? Time will tell.
O im sure
But this is the last bit of hope for uatg
don't underestimate Alex to find a stupid reason
Totally agree
I just cant see what excuse can be made for revs not showing in Q2
Alex doesnt have anything else
Its h2o or bust for me
I've been in and out a couple times. Can't remember when the first time was. I just know I made money. It was enough to keep the company on my radar for awhile. I can understand people getting upset and tired of waiting. I don't agree with the personal attacks.
As everyone has been saying for some time now. Ball is in Alex’s court.
Ive owed this for 8yrs now.
This is the closet we have been to revs. If its not happening now I dont think it ever will.
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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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