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Denver, CO, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Umbra Applied Technologies Group, Inc’s (OTC Pink: UATG) subsidiary, H2O Processing, announced today that it has been contracted by Bellows Operating Salt Water Discharge (BOSWD to treat heavily iron contaminated crude oil. Under the agreement, H2O Processing will treat a minimum of 1,000 barrels of crude oil daily with an anticipated 1,500 bbls daily based on current production. The newly signed agreement allows for increased production of up to 8,000 bbls a day totaling more than $15 million dollars in annual revenue. Initial anticipated monthly production is valued to begin at more than $240,000 a month.
Oh, want me to post the oil PRs that came within 2 weeks of that one? They say the same thing. Good job.
Maybe it wasn't a mistake. Maybe he was hoping we didn't notice the difference.
He didn't say the word oil.. you did in your claim. Admit your mistake dude.. it is not that hard.
UATG website loves talking about Ossifix, still. Weird.
Why does the UATG website still have Estrada's face plastered on it?
Anyone reading those 4 PRs in December 2022 about water and oil will agree that he made it sound like revenues were about to hit. He also tweeted that revenues would hit in Q2 of 2023 from the Bellows water well. There were no delays in funding then, like you said, also. We didnt hear about funding until A YEAR LATER lol.
Don't deflect, my friend. You provided the tweet about water treatment to prove that they started treating oil. Admit your mistake.
It was a humongous failure on the part of our biggest bear here.lol.. I can't stop laughing
Oh so that’s in the future HAHAHAHAHAHAHHAHAHAHAHAHAHA oh my god, how can you get played 100 times and still praise him like god? He pumps you up and then changes his mind on what to focus on. When’s the revenue gonna hit? He told Smith it was in June of last year.
Let’s hear it.
Dog: STARTING IN DECEMBER. Why didn’t you underline that part LOL it really says that starting that month, the units would be treating oil. Read it. Read it again. Then read it again. Jesus man
Alex:
From a pumper on stocktwits, Smith:
smith233
May 22, 2023 12:53 PM
$UATG just got off the phone with Alex. Several units already started being built . Seems like q2 will have revs from h20!
So who’s lying?
We didn’t know about any financing then, either hahahahhahaahha. God, you’re a real gem.
STARTING IN DECEMBER. Why didn’t you underline that part LOL it really says that starting that month, the units would be treating oil. Read it. Read it again. Then read it again. Jesus man.
As long as they are producing before that, its positive, don't you think?
Now let's discuss your claim and the proof.
Your claim:
Ignoring the facts again? Weird. Keep deflecting.
Haha. I don't look at this forum every second like you do, my friend. I am not as obsessed with Alex as you are. lol.
Woof. And you won’t know until August 15th at the earliest. This will be decimated by then lol.
I spent significant time today researching what might be happening with H2O. I was only able to get limited information, but I was told (not by Alex) that the system is real and it is in the final stages of testing and evaluation and they are hopeful that production will begin very soon. That seems to confirm Alex's tweet from last Thursday, which means he is not lying to us. Still, I will remain only cautiously optimistic because Dog's comments have proven validity and until the company actually accomplishes the success we are anticipating, Dogs is allowed to bark!
Your silence after I posted proof of a lie in a PR is so hilarious.
This pig is going to be cooked if Alex doesn't take his fingers out of it
Wrong, the bulls say this is a goldmine. Headed to .02+ after Q1 posts. Where's ironman and buttercup? They're quieter than Alex!
the next few months are going to be very ugly here ,thank you Alex for your silence
The whales are getting tired of it. Loveeee to see it.
Something that is troubling is that on one hand the company shows revenue on it's financial statements, but on the other it states that the company has no source of operational revenue and an accumulated deficit of over $18 million. This is stated in the quarterly report published 11/14/23. Am I missing something?
https://www.otcmarkets.com/otcapi/company/financial-report/386270/content
$900 sent this down 22% LOOOOOOOOOOOOOL. Have fun selling your shares, whales. This might go to trips!
PR, early December of 2022. “Starting in December of 2022, H20 in partnership with Bellows will begin to process and treat up to 12,000 bbls/day of contaminated water coming from two wells a month (drilled every two weeks) under contract. This new contract includes a total of 40 wells drilled and processed over the course of 20 months. Two full scale mobile water treatment systems are scheduled to be produced in support of future expansion into the segment. Systems will be owned by H20 Processing but will be staffed and maintained under the new agreement by Bellows.”
Entirely possible. That only way to keep the grift afloat.
"Nothing is gonna come out of H2O and it would be another Ossifix" - this is a possible scenario. But what I don't get it, why would Alex will play this game again? What did he gain after Ossifix lol? After H2O failure and he is gonna fire Stan? that's Alex life goal? fire all CEOs?. lol
What did I say? this is my bull theory, so just another scenario that can happen.. lol
You believe in the bear scenario where Alex is nothing but a con artist. I have mine and you can have yours. lol..
Could you give the tweet or video link? I don't remember that.
Another Alex loverboy. Sorry for your bank account, Scotty.
You don't argue with dogs unless you want to. When you get tired of that, hit the ignore button... Problem solved.
You’re 90% of the way there lol. But yall will keep saying it’s coming even after more lies and time pass. Delusional. Idiotic. Sad.
"What is Alex gaining by faking the whole thing?" That's the $64000 question Adam. Alex has a lot to lose if he can't make his company successful and i still believe that he is trying his best. Still, it gets frustrating when he goes dark and it makes it difficult to argue with Dogs, given past events and historical statements. As many of us have continued to say, we won't know for sure whether or not we are fools until we know for sure.
He said in a PR that units were built and producing revenue later in the month in December of 2022. Go read something for once. You cannot explain that other that manipulation and deception. He didn’t even have FINANCING then.
Or. You are wrong and it’s all bullshit. Just as likely of a scenario. If you have one ounce of sense, you’d admit that possibility.
My theory based on the Tweet is that, unlike the Ossifix saga, he is not hyping up the achievement. Instead, he is downplaying what's going on. This might be due to two reasons:
He knows that things are legitimate, and it doesn't matter whether he keeps shareholders in the loop or not. Once the revenue starts showing up, the picture will change.
He said it would take months to ramp up production. So even if he rushes the first PR, there will be a huge delay for the second and third trailers. That would again kill the momentum. So he is taking it slowly from the beginning.
Dude, PR will come in some time. It is taking more time than we all thought.. but in the tweet he assured more details in the Tweet. They might take 1 month or so for testing for whatever the reason.
Tell me what is Alex gaining by faking the whole thing? By making the damn truck and clicking some pics and deleting it later? Is he gonna dilute the shared? he had lots of chances to do that last year for a compelling reason (H2O Investment).
Alex just takes more time. I am damn sure, H2O will come around. But since we all have burned our asses with Ossifix, it will take more than single PR to gain the trust back.
He said it’s on site and functioning? Interesting! Guess what else he’s said was built and bringing in revenue. You love to pick and choose when to praise Alex and it’s weird. He said PRs would always be made for material changes to the company. Building a unit, getting it on site, and testing it are ALL material events. But he knows the microscope is on him with all of his public lies. And he’s already lost a $4mil court case.
Sounds like a successful, consistent business. HAHHAHAHAHAHA have a good one, little Mikey boy!
Everyone complained and said the iron unit wasn't there or working. Then he finally posts about it being there and working. He said from beginning that the first system was going to be tested and evaluated before going into full production. Seems logical and consistent. Yet here we are and now more complaints. LMAO, you guys will always find a way to twist things. I love how he said no more information will be given at this time or before a pr and then everyone asks stupid questions and gets mad when thy don't answer! OH MY GOD HILARIOUSLY STUPID. Why still invested in this ticker then?
Enjoy the weekend bulls! Another huge week, congrats. Is Alex inviting everyone to a BBQ at the huge house you paid for?
it's like ossifix bones, so good according to surgeons and too many operations to count ultimately nothing
HAHHAHAHAHAHAHAHHAHAHAH no. They aren’t. But keep pumping.
Yes, I spoke to Alex prior to his Tweet. He actually said they were exceeding expectations in a lot of categories.
How’s the uplist going to OTCQB? Anyone?
Alex does not want to move the pps for what Machiavellian reason
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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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