Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Whats up with this stock. Is it dead or alive? Someone help please.
Don't believe UAMA BS. Research mining!
Coindesk says business going in a different direction that UAMA POS Agrodomes!
https://www.coindesk.com/business/2021/12/15/8-trends-that-will-shape-bitcoin-mining-in-2022/
UAMA CEO convicted criminal, bankrupt! Never forget!
He has been labeled as such by The Canadian Press. You can rest assured it is true as Mr. Benoit Laliberte has not filed suit against this news organization.
Mr. Benoit Laliberte is President, CEO & CFO of UAMA! All three positions held by Mr. Benoit Laliberte who was found guilty on 44 of 48 counts, stock fraud, market manipulation and deceiving investors.
What kind of a company has convicted criminal President, CEO and CFO? CAVEAT EMPTOR.
evidence:
and more evidence:
Then there's the FAILURE to properly disclose material PERSONAL BANKRUPTCY to investors and in SEC filings. Evidence in CCAA Proceedings before the Supreme Court of BC produced the following:
Ask yourself, "What kind of company has convicted criminal CEO?"
Then ask yourself, "What kind of a company has a bankrupt CEO"
Caveat Emptor - CAVEAT EMPTOR - see OTC Markets - UAMA
"Illusion of progress" UAMAs most important product?
No secret Benoit Laliberte fond of big expansive news releases which never materialize.
My favorite the big plans for cryptocurrency mining campus in Quebec.
Nothing came of it.
BS baffles brains seems to be their approach.
Now talk of wireless MVNO which will predictably go nowhere!
UAMA CEO knowingly committed fraud in SEC filings!
Here are the facts:
- Benoit Laliberte signs as President, CEO and CFO of UAMA
- Claims "no violations in past 10 years" in Pink reports of YE 2018, Q1 2019, Q2 2019
- Court found him guilty v AMF in April 2009 on additional 3 counts
- Evidence clear of convictions within past 10 years at time of filings.
So Mr. Benoit Laliberte did knowingly commit fraud in these UAMA reports.
Complaints have been filed with the SEC.
Let me list what not to like:
-convicted criminal CEO
-crypto mining needs scaling not served with a salad
-successful crypto miners mine with latest most powerful processors
-management team has track record of serial failures
-this team can't raise significant capital
Agrodomes looking like the future. Green Crypto Mining with Clean Heated Greenhouses.
Whats not to like…..
No specifics on how Agrodomes will actually make money.
A concept that's likely not worth more that the current market cap of this dog!
What a grand joke the "new vision" is.
UAMA MVNO initiative failed and predictably so will Agrodomes.
Another failing "vision" from Benoit Laliberte (Bert) and Lawry Trevor-Deutsch (Ernie).
A dumb vision that pretends to bring together cryptocurrency mining and agriculture.
Could only come from Bert and Ernie!
How's the last bright idea going UAMA?
You'll recall your 2021 press release on MVNO potential.
An obvious non-starter so let's dress up the Blockchain "pig" and see if anyone takes the bait.
Patents on negative pressure cabinets?
Highly unlikely that patents will be awarded for this.
Not un-obvious and quick look shows they have been available on the market for some years.
More BS baffles brains approach.
Patents in question after three (3) years!
Blockchain Domes not yet patented and likely never will be.
Using cool air from underground sources used for hundreds of years for cooling in desert areas of Southwest by Native Americans I believe.
Did UAMA ever settle land-use dispute.
Last word that the Tribunal ruling to remove miners and restore site to agricultural use was upheld by local Court.
UAMA said moving would be a costly move.
Has it been moved or still operating in violation of local ordinances and regulations.
A closer look illuminates the "fluff".
It truly is BS baffles brains.
No specifics on business model.
No specifics on funding or revenue.
Just all more of the same BS with new graphics.
Agridomes nothing more than Blockchain Domes.
Same old BS with new graphics.
Doomed to fail on launch pad.
At UAMA the perception of progress most important product.
Blockchain domes nothing more than a sophomoric high-school level science experiment.
Patent applications won't pass the test. LOL. Has to be non-obvious and drawing cooler air from underground for cooling been done for centuries.
No successful miner gives a rat's ass about combining their applications with agriculture. Find area with cheap power and mine, mine and mine. Seems to have worked just fine fro HUT 8.
Awesome new fraud from the fraud experts!
More BS baffles brains.
These "no-nothings" just changing the wallpaper.
Just an expansion of the sophomoric high-school experiment that was Blockchain Domes.
Brought to you by the convicted criminal Benoit Laliberte (The Canadian Press labeled him) and others who have never built a business of lasting or even promising value.
Speaking of new wallpaper maybe they should update financials on OTCBB (UAMA) and change the in "Introduction" to this site to reflect the new fraudulent vision. Like removing names of individuals that departed years ago.
But hey! It will never be about reality, just the "perception" of progress with these clowns.
Awesome new look
https://agrodomes.com/
Fraud always a key ingredient in UAMA enterprise.
Supported and promoted by actions of CEO Laliberte and Lawry Trevor-Deutch and complicit posters who had to know better.
CEO was labeled as a convicted criminal for his 44 convictions on stock fraud, market manipulation and deceiving investors.
Wireless initiative was a fraud from the start.
iPCS was a POS technology that nobody wanted anywhere in the world.
Cryptocurrency mining also a joke as UAMA et al were only acting as a contractor. Never even disclosed the name of the Vancouver-based company they contracted with. Quickly went sour and company abandoned in place the old-tired, outdated miner-processors.
Blockdomes were about as exciting as a high-school science experiment. Dumb from the start. Success in mining is all about mining where power is cheap and doing it on a large scale. Hut 8 knows how to do it.
The closer you look the more fraudulent this enterprise looks. In reality it was done in 2016 when they filed CCAA Proceeding. By the time that wrapped up there was nothing left.
Looking back the only thing they did was perpetuate this fraud through many, many misleading press releases and the support of complicit posters.
It was all one big lie from the beginning. Benoit Laliberte and Lawry Trevor-Deustch have never, ever built a business of lasting value and they have no relevant management track record.
Complicit posters played a role in supporting this fraudulent enterprise and they can't hide from the facts.
UAMA could have been quick success in 2017.
Should have left RuralCom CEO in place as he had pocket full of term sheets, which RuralCom Board of Directors were fully aware of. Working 3G cell sites with VSAT backhaul in rural Canada were a first-of-breed and worked from the get-go. Thanks to Gilat.
Had signed and executed inter-carrier roaming agreements in place with all major US carriers and in final negotiations with Bell Canada. These agreements captured by the CEO at a time when he was not being paid. In fact, RuralCom CEO took last paycheck in late 2009 when lead investor decided to ignore signed and fully executed private placement agreements first signed in 2006-2007 time frame. His peers in the industry advised him to abandon the ship when Employment Agreement first violated, though he chose to stay the course.
In 2017 best Laliberte, UAMA CEO could come up with was stupid JV agreement which no wireless CEO would have signed. Ask me nice and I'll publish it. It clearly illustrates his lack of abilities to attract and retain key personnel.
So RuralCom was market-ready with access to capital, a proven CEO with crews and contacts and the technical smarts to get a 3G cellular network built at lowest cost.
Under his leadership RuralCom (later TNW Wireless) could have been up and fully operational and generating enough revenue to reach positive cash-flow in less than a year. A lean-mean wholesale wireless carrier like Commnet Wireless LLC. UAMA could have been built to $40-60M in annual revenue earning 40-60% EBITDA as a wholesale cellular carrier in rural Canada.
Never happened because Laliberte was never about excellence or building a business. His focus on his own ego and took the complicit posters for a ride. Neither UAMA CEO or complicit posters had any track record of success building businesses of lasting value. They are fakers and clowns.
Could have been Happy New Years UAMA!
Were it not for ego-driven Benoit Laliberte, a person who has never built a business of lasting value or worth acquiring.
Complicit posters can take some credit for killing the enterprise as well.
Small-minded CEO and complicit posters killed UAMA
UAMA could have qualified for NASDAQ.
UAMA could have been $40M market cap!
Should have left RuralCom CEO in place as he had pocket full of term sheets, which RuralCom Board of Directors were fully aware of. Working 3G cell sites with VSAT backhaul in rural Canada were a first-of-breed and worked from the get-go. Thanks to Gilat.
Had signed and executed inter-carrier roaming agreements in place with all major US carriers and in final negotiations with Bell Canada. These agreements captured by the CEO at a time when he was not being paid. In fact, RuralCom CEO took last paycheck in late 2009 when lead investor decided to ignore signed and fully executed private placement agreements first signed in 2006-2007 time frame. My peers in the industry told me to abandon the ship when Employment Agreement first violated, though he chose to stay the course.
In 2017 best Laliberte, UAMA CEO could come up with was stupid JV agreement which no wireless CEO would have signed. Ask me nice and I'll publish it. It clearly illustrates his lack of abilities to attract and retain key personnel.
So RuralCom was market-ready with access to capital, a proven CEO with crews and contacts and the technical smarts to get a 3G cellular network built at lowest cost.
Under his leadership RuralCom (later TNW Wireless) could have been up and fully operational and generating enough revenue to reach positive cash-flow in less than a year. A lean-mean wholesale wireless carrier like Commnet Wireless LLC. UAMA could have been built to $40-60M in annual revenue earning 40-60% EBITDA as a wholesale cellular carrier in rural Canada.
Never happened because Laliberte was never about excellence or building a business. His focus on his own ego and took the complicit posters for a ride.
For the record, UAMA could have been saved!
Should have left RuralCom CEO in place as he had pocket full of term sheets, which RuralCom Board of Directors were fully aware of. Working 3G cell sites with VSAT backhaul in rural Canada were a first-of-breed and worked from the get-go. Thanks to Gilat.
Had signed and executed inter-carrier roaming agreements in place with all major US carriers and in final negotiations with Bell Canada. These agreements captured by the CEO at a time when he was not being paid. In fact, RuralCom CEO took last paycheck in late 2009 when lead investor decided to ignore signed and fully executed private placement agreements first signed in 2006-2007 time frame. My peers in the industry told me to abandon the ship when Employment Agreement first violated, though he chose to stay the course.
In 2017 best Laliberte, UAMA CEO could come up with was stupid JV agreement which no wireless CEO would have signed. Ask me nice and I'll publish it. It clearly illustrates his lack of abilities to attract and retain key personnel.
So RuralCom was market-ready with access to capital, a proven CEO with crews and contacts and the technical smarts to get a 3G cellular network built at lowest cost.
Under his leadership RuralCom (later TNW Wireless) could have been up and fully operational and generating enough revenue to reach positive cash-flow in less than a year. A lean-mean wholesale wireless carrier like Commnet Wireless LLC. UAMA could have been built to $40-60M in annual revenue earning 40-60% EBITDA as a wholesale cellular carrier in rural Canada.
Never happened because Laliberte was never about excellence or building a business. His focus on his own ego and took the complicit posters for a ride.
LOL funny to read 3 years moderator posts.
Assembled and categorized for SEC Complaint.
Never any negative views of UAMA despite overwhelming facts.
Never any suggestions on improving the business or recognizing the obvious problems and communicating to management.
Why you ask?
UAMA now worthless and well-earned demise.
For years, a predictable failure.
The signs were always there. Little cash for years, no access to institutional capital after firing the original RuralCom CEO. Funny how institutional money abhors a CEO (Laliberte) with convicted criminal CEO status.
Under these circumstances it was doomed and that was evident to anyone with experience running a high-tech business.
Funny that those complicit posters, including a moderator, couldn't deal with the facts.
In the end the company and management received the ultimate vote of non-confidence.
UAMA a predictable failure.
The signs were always there. Little cash for years, no access to institutional capital after firing the original RuralCom CEO. Funny how institutional money abhors a CEO (Laliberte) with convicted criminal CEO status.
Under these circumstances it was doomed and that was evident to anyone with experience running a high-tech business.
Funny that those complicit posters, including a moderator, couldn't deal with the facts.
In the end the company and management received the ultimate vote of non-confidence.
Year(s) in review, a predictable failure.
The signs were always there. Little cash for years, no access to institutional capital after firing the original RuralCom CEO. Funny how institutional money abhors a CEO (Laliberte) with convicted criminal CEO status.
Under these circumstances it was doomed and that was evident to anyone with experience running a high-tech business.
Funny that those complicit posters, including a moderator, couldn't deal with the facts.
In the end the company and management received the ultimate vote of non-confidence.
IP litigation was a disaster, never got any traction.
Wireless technology a joke and never worth anything.
Blockdomes a sophomoric high-school experiment which only served to piss off the local land-use Tribunal. In the end they'll be forced to shut it down or move it. Likely generate more money as a hobby farm.
What ever happened to BS news issued April 2021 re MVNO opportunity?
Talk about FAKE NEWS!
Fake from the start and for duration.
LOL that Bert and Ernies (Laliberte & Trvevor-Deutsch) only fooled the complicit posters.
CRTC had them pegged from the start, ditto Industry Canada (ISED).
Potential wireless investors showed them the door!
Fakers!
Litigation all failed. Especially defamation.
Law firm filed suit agains Laliberte for non-payment.
LOL
UAMA 3Q Financials now well overdue.
Filed for extension then missed promised date!
Surprised?
Complicit posters engaged in fraud. SEC?
For years they supported this POS fraudulent company and its convicted criminal CEO, Benoit Laliberte. They thought he was wonderful which says a lot for the value of their advice and their ability to effectively assess management potential. My guess most suffer from their own character foibles. CAVEAT EMPTOR should have been the byword for any involvement with UAMA et al.
But they went further than simple cheerleading choosing to attack other posters exposing the actual facts and evidence. The materials passed on to the SEC clearly show a pattern of personal threats and harassment of the former CEO of RuralCom Corporation. In the end UAMA was exposed for the fraud that it is and it has obviously failed. No trades and no quotes. Dark or defunct. In the end the truth won out.
Guess some are super embarrassed over their behavior and they sought to support this obviously fraudulent enterprise led by a CEO who was convicted on 43 counts of stock fraud, market manipulation and deceiving investors.
Maybe those former cheerleaders could come out of the shadows and explain what motivated them to trade in the obvious lies and misrepresentation of the facts.
Fact is the business has been capital challenged for years and following the CCAA Proceedings (bankruptcy in Canada) which began in November 2016 they couldn't raise any capital due to the convicted criminal status of the CEO. If Laliberte had any brains he would have brought in someone that knew what they were doing. But his ego too big for that and at the end of the day his only interest was in creating "the illusion of progress".
UAMA biggest blunder was after acquiring RuralCom, a market-ready wholesale cellular carrier with roaming agreements and a CEO who had brought in term sheets from qualified investors, they chose to "go it alone", chase the potential funding and fall flat on their face. Funny how those investors got scared off by the convicted criminal status of Benoit Laliberte and quickly showed him the door!
Fact is RuralCom could have quickly be built into a successful wholesale cellular carrier enjoying positive cash-flow status. Huge missed opportunity!
Complicit posters should be held accountable.
For years they supported this POS fraudulent company and its convicted criminal CEO, Benoit Laliberte. They thought he was wonderful which says a lot for the value of their advice and their ability to effectively assess management potential. My guess most suffer from their own character foibles. CAVEAT EMPTOR should have been the byword for any involvement with UAMA et al.
Guess some are super embarrassed over their behavior and they sought to support this obviously fraudulent enterprise led by a CEO who was convicted on 43 counts of stock fraud, market manipulation and deceiving investors.
Maybe those former cheerleaders could come out of the shadows and explain what motivated them to trade in the obvious lies and misrepresentation of the facts.
Fact is the business has been capital challenged for years and following the CCAA Proceedings (bankruptcy in Canada) which began in November 2016 they couldn't raise any capital due to the convicted criminal status of the CEO. If Laliberte had any brains he would have brought in someone that knew what they were doing. But his ego too big for that and at the end of the day his only interest was in creating "the illusion of progress".
UAMA biggest blunder was after acquiring RuralCom, a market-ready wholesale cellular carrier with roaming agreements and a CEO who had brought in term sheets from qualified investors, they chose to "go it alone", chase the potential funding and fall flat on their face. Funny how those investors got scared off by the convicted criminal status of Benoit Laliberte and quickly showed him the door!
Fact is RuralCom could have quickly be built into a successful wholesale cellular carrier enjoying positive cash-flow status. Huge missed opportunity!
Complicit posters engaged in fraud.
For years they supported this POS fraudulent company and its convicted criminal CEO, Benoit Laliberte. They thought he was wonderful which says a lot for the value of their advice and their ability to effectively assess management potential. My guess most suffer from their own character foibles. CAVEAT EMPTOR should have been the byword for any involvement with UAMA et al.
Guess some are super embarrassed over their behavior and they sought to support this obviously fraudulent enterprise led by a CEO who was convicted on 43 counts of stock fraud, market manipulation and deceiving investors.
Maybe those former cheerleaders could come out of the shadows and explain what motivated them to trade in the obvious lies and misrepresentation of the facts.
Fact is the business has been capital challenged for years and following the CCAA Proceedings (bankruptcy in Canada) which began in November 2016 they couldn't raise any capital due to the convicted criminal status of the CEO. If Laliberte had any brains he would have brought in someone that knew what they were doing. But his ego too big for that and at the end of the day his only interest was in creating "the illusion of progress".
UAMA biggest blunder was after acquiring RuralCom, a market-ready wholesale cellular carrier with roaming agreements and a CEO who had brought in term sheets from qualified investors, they chose to "go it alone", chase the potential funding and fall flat on their face. Funny how those investors got scared off by the convicted criminal status of Benoit Laliberte and quickly showed him the door!
Fact is RuralCom could have quickly be built into a successful wholesale cellular carrier enjoying positive cash-flow status. Huge missed opportunity!
LOL, complicit posters long gone!
For years they supported this POS fraudulent company and its convicted criminal CEO, Benoit Laliberte. They thought he was wonderful which says a lot for the value of their advice
Guess some are super embarrassed over their behavior and they sought to support this obviously fraudulent enterprise led by a CEO who was convicted on 43 counts of stock fraud, market manipulation and deceiving investors.
Maybe those former cheerleaders could come out of the shadows and explain what motivated them to trade in the obvious lies and misrepresentation of the facts.
Fact is the business has been capital challenged for years and following the CCAA Proceedings (bankruptcy in Canada) which began in November 2016 they couldn't raise any capital due to the convicted criminal status of the CEO. If Laliberte had any brains he would have brought in someone that knew what they were doing. But his ego too big for that and at the end of the day his only interest was in creating "the illusion of progress".
UAMA biggest blunder was after acquiring RuralCom, a market-ready wholesale cellular carrier with roaming agreements and a CEO who had brought in term sheets from qualified investors, they chose to "go it alone", chase the potential funding and fall flat on their face. Funny how those investors got scared off by the convicted criminal status of Benoit Laliberte and quickly showed him the door!
Fact is RuralCom could have quickly be built into a successful wholesale cellular carrier enjoying positive cash-flow status. Huge missed opportunity!
Is Benoit Laliberte, UAMA CEO repeat offender?
UAMA CEO knowingly committed fraud in SEC filing!
Here are the facts:
- Benoit Laliberte signs filings as President, CEO and CFO of UAMA
- Claims "NO violations in past 10 years" in Pink reports of YE 2018, Q1 2019, Q2 2019
- Court found him guilty v AMF in April 2009 on additional 3 counts in addition to convictions on 41 counts in 2008
- Evidence clear on convictions within past 10 years at time of filings.
- Convictions were stated by The Canadian Press as "stock fraud", "market manipulation" and "deceiving investors"
Look it up yourself:
• go to OTC Markets
• enter UAMA in "Quote" field
• when UAMA page opens click on "Disclosure" heading where you will find all reports and financials
It is clear. Mr. Benoit Laliberte did knowlingly commit fraud in these UAMA reports.
Seems like he is "repeat offender"
Complaints have been filed with the SEC
UAMA CEO guilty of FRAUDULENT MISREPRESENTATION?
1) US Pink-listed companies must file public disclosure documents.
2) Those Pink filing documents subject to SEC oversight especially when FRAUDULENT MISREPRESENTATION reported.
3) See following identical case:
Identical violations! Benoit Laliberte claims he had no prior criminal convictions within the past 10 years in the latest YE 2018 and 1Q & 2Q 2019 UAMA Quarterly Reports and Pink Disclosures. The evidence is clear he was found guilty on 44 of 48 counts of stock fraud, market manipulation and deceiving investors, with latest conviction in April 2009, clearly within the 10 year time period. UAMA Pink OTC market same as below and multiple violations so no accident.
Quote:
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22442 / August 10, 2012
SEC v. Ronald D. Brooks, Civil Action No. 3:12-cv-2716 (N.D. Tx. Aug. 9, 2012)
SEC Charges Former Public Company CEO with Fraud
On August 9, the Securities and Exchange Commission filed a complaint in the United States District Court for the Northern District of Texas alleging that Ronald D. Brooks committed securities fraud while serving as CEO and chairman of Standard Oil Company USA, Inc., a purported energy company headquartered in Dallas, Texas.
According to the SEC’s complaint, Brooks signed and certified Standard Oil’s initial disclosure statement filed with the Pink OTC Markets and made available to investors through that market’s website. Brooks represented in the disclosure statement that he had no prior criminal convictions. In fact, however, Brooks has three prior felony convictions, two for securities violations. The SEC therefore alleges that Brooks defrauded Standard Oil’s investors. The complaint charges Brooks with violating Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5 thereunder and seeks a permanent injunction, a civil monetary penalty, an officer-and-director bar, and a penny-stock bar.
If SEC took same action with UAMA that would mean:
a) permanent injunction, and
b) a civil monetary penalty, and
c) officer-and-director bar, and
d) a penny-stock bar.
That would effectively protect the public market and investors by preventing Mr. Laliberte from acting in any capacity for a publicly-listed company. Action is long overdue in bringing Mr. Laliberte to justice for his well documented and evidenced fraudulent misrepresentation.
In case of Mr. Laliberte the quantity and seriousness of past convictions could result in the filing of criminal charges which could result in jail time for Mr. Laliberte. According to other posts on this board (Bilal Khabab) Mr. Laliberte never paid his fine to Quebec, has been an undischarged (and undisclosed) personal bankrupt for over ten (10) years and failed to properly disclose $47M bankruptcy of Navigata-Westel and receivership of Investel Capital Corp. Expect the SEC to take all of this into consideration when they get around to appropriate prosecution.
All of this will be devastating to UAMA and shareholders. Like INELCO and TELIPHONE both revoked by SEC? Mr. Benoit Laliberte and Mr. Lawry Trevor-Deutsch both deeply involved in the pleadings for those failures.
caveat emptor - CAVEAT EMPTOR
Attention SEC: Prosecute UAMA CEO
UAMA CEO knowingly committed fraud in SEC filing!
Here are the facts:
- Benoit Laliberte signs as President, CEO and CFO of UAMA
- Claims "no violations in past 10 years" in Pink reports of YE 2018, Q1 2019, Q2 2019
- Court found him guilty v AMF in April 2009 on additional 3 counts
- Evidence clear of convictions within past 10 years at time of filings.
So Mr. Benoit Laliberte did knowlingly commit fraud in these UAMA reports.
Complaints have been filed with the SEC.
UAMA CEO knowingly committed fraud in SEC filings!
Here are the facts:
- Benoit Laliberte signs as President, CEO and CFO of UAMA
- Claims "no violations in past 10 years" in Pink reports of YE 2018, Q1 2019, Q2 2019
- Court found him guilty v AMF in April 2009 on additional 3 counts
- Evidence clear of convictions within past 10 years at time of filings.
So Mr. Benoit Laliberte did knowlingly commit fraud in these UAMA reports.
Complaints have been filed with the SEC.
Attention SEC. Prosecute Benoit Laliberte,
Evidence supports conviction of UAMA CEO.
1) US Pink-listed companies must file public disclosure documents.
2) Those Pink filing documents subject to SEC oversight especially when FRAUDULENT MISREPRESENTATION reported.
3) See following identical case:
Identical violations! Benoit Laliberte claims he had no prior criminal convictions within the past 10 years in the latest 2018-19 UAMA Quarterly Reports and Pink Disclosures. (See YE 2018 disclosures and Q1 and Q2 2019 disclosure reports). The evidence is clear he was found guilty on 44 of 48 counts of stock fraud, market manipulation and deceiving investors, with latest conviction in April 2009, clearly within the 10 year time period. UAMA Pink OTC market same as below and multiple violations so no accident.
Quote:
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22442 / August 10, 2012
SEC v. Ronald D. Brooks, Civil Action No. 3:12-cv-2716 (N.D. Tx. Aug. 9, 2012)
SEC Charges Former Public Company CEO with Fraud
On August 9, the Securities and Exchange Commission filed a complaint in the United States District Court for the Northern District of Texas alleging that Ronald D. Brooks committed securities fraud while serving as CEO and chairman of Standard Oil Company USA, Inc., a purported energy company headquartered in Dallas, Texas.
According to the SEC’s complaint, Brooks signed and certified Standard Oil’s initial disclosure statement filed with the Pink OTC Markets and made available to investors through that market’s website. Brooks represented in the disclosure statement that he had no prior criminal convictions. In fact, however, Brooks has three prior felony convictions, two for securities violations. The SEC therefore alleges that Brooks defrauded Standard Oil’s investors. The complaint charges Brooks with violating Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5 thereunder and seeks a permanent injunction, a civil monetary penalty, an officer-and-director bar, and a penny-stock bar.
If SEC took same action with UAMA that would mean:
a) permanent injunction, and
b) a civil monetary penalty, and
c) officer-and-director bar, and
d) a penny-stock bar.
That would effectively protect the public market and investors by preventing Mr. Laliberte from acting in any capacity for a publicly-listed company. Action is long overdue in bringing Mr. Laliberte to justice for his well documented and evidenced fraudulent misrepresentation.
In case of Mr. Laliberte the quantity and seriousness of past convictions could result in the filing of criminal charges which could result in jail time for Mr. Laliberte. According to other posts on this board (Bilal Khabab) Mr. Laliberte never paid his fine to Quebec, has been an undischarged (and undisclosed) personal bankrupt for over ten (10) years and failed to properly disclose $47M bankruptcy of Navigata-Westel and receivership of Investel Capital Corp. Expect the SEC to take all of this into consideration when they get around to appropriate prosecution.
All of this will be devastating to UAMA and shareholders. Like INELCO and TELIPHONE both revoked by SEC? Mr. Benoit Laliberte and Mr. Lawry Trevor-Deutsch both deeply involved in the pleadings for those failures.
caveat emptor - CAVEAT EMPTOR
SEC needs to prosecute Benoit Laliberte, UAMA CEO
Evidence supports conviction of UAMA CEO.
1) US Pink-listed companies must file public disclosure documents.
2) Those Pink filing documents subject to SEC oversight especially when FRAUDULENT MISREPRESENTATION reported.
3) See following identical case:
Identical violations! Benoit Laliberte claims he had no prior criminal convictions within the past 10 years in the latest 2018-19 UAMA Quarterly Reports and Pink Disclosures. (See YE 2018 disclosures and Q1 and Q2 2019 disclosure reports). The evidence is clear he was found guilty on 44 of 48 counts of stock fraud, market manipulation and deceiving investors, with latest conviction in April 2009, clearly within the 10 year time period. UAMA Pink OTC market same as below and multiple violations so no accident.
Quote:
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22442 / August 10, 2012
SEC v. Ronald D. Brooks, Civil Action No. 3:12-cv-2716 (N.D. Tx. Aug. 9, 2012)
SEC Charges Former Public Company CEO with Fraud
On August 9, the Securities and Exchange Commission filed a complaint in the United States District Court for the Northern District of Texas alleging that Ronald D. Brooks committed securities fraud while serving as CEO and chairman of Standard Oil Company USA, Inc., a purported energy company headquartered in Dallas, Texas.
According to the SEC’s complaint, Brooks signed and certified Standard Oil’s initial disclosure statement filed with the Pink OTC Markets and made available to investors through that market’s website. Brooks represented in the disclosure statement that he had no prior criminal convictions. In fact, however, Brooks has three prior felony convictions, two for securities violations. The SEC therefore alleges that Brooks defrauded Standard Oil’s investors. The complaint charges Brooks with violating Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5 thereunder and seeks a permanent injunction, a civil monetary penalty, an officer-and-director bar, and a penny-stock bar.
If SEC took same action with UAMA that would mean:
a) permanent injunction, and
b) a civil monetary penalty, and
c) officer-and-director bar, and
d) a penny-stock bar.
That would effectively protect the public market and investors by preventing Mr. Laliberte from acting in any capacity for a publicly-listed company. Action is long overdue in bringing Mr. Laliberte to justice for his well documented and evidenced fraudulent misrepresentation.
In case of Mr. Laliberte the quantity and seriousness of past convictions could result in the filing of criminal charges which could result in jail time for Mr. Laliberte. According to other posts on this board (Bilal Khabab) Mr. Laliberte never paid his fine to Quebec, has been an undischarged (and undisclosed) personal bankrupt for over ten (10) years and failed to properly disclose $47M bankruptcy of Navigata-Westel and receivership of Investel Capital Corp. Expect the SEC to take all of this into consideration when they get around to appropriate prosecution.
All of this will be devastating to UAMA and shareholders. Like INELCO and TELIPHONE both revoked by SEC? Mr. Benoit Laliberte and Mr. Lawry Trevor-Deutsch both deeply involved in the pleadings for those failures.
caveat emptor - CAVEAT EMPTOR
Happy Holidays, and a prosperous New Year.
SEC should prosecute Benoit Laliberte.
Falsified SEC disclosure docs when he submitted signed and executed claiming NO CRIMINAL CONVICTIONS within 10 years.
Abundant evidence of Mr. Laliberte's convictions during the time period fro stock fraud, market manipulation and deceiving investors.
Prosecute him!
Followers
|
53
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
12541
|
Created
|
08/23/04
|
Type
|
Free
|
Moderators |
BlockNum is a Distributed Ledger Technology (“DLT”) which uses the Public Switched Telephone Network to support secure transactions for the GIGA token through the development of a Public Switched Teliphone Blockchain Network or PSTBN. BlockNum is a highly permissioned blockchain with an access control layer for the blockchain nodes based on SIP messages with communication occurring solely via SIP-based message over IP protocol.
The PSTN provides an immense installed decentralized network base and when combined with SIP message, is an immensely secure system which is instantly scalable to allow the BlockNum to reach any person in the world who has a phone and phone number.
BlockNum will operate on the principle of “Proof of Consensus” or PoC as opposed to “Proof of Work” “Proof of Stake” blockchains. Proof of Consensus focusses on determining that consensus has been achieved (the “consensus event”) within a network of decentralized distributed ledgers and where the ledgers are held within a combination of trusted and independent anonymous nodes. Transaction “consensus” is achieved through a second layer of token nodes which sole function is to approve or deny a transaction in a consensus event.
The GIGA is a new form of token which can be viewed as a “transport token”. It is defined as a transport token because it “transports” transactions between parties in a seamless and transparent manner.
The GIGA transports all transactions in the BlockNum which includes the transfer of GIGAs between BlockNum wallets well as other future transaction modules such as seamless and instant currency exchange (fiat to fiat, crypto to crypto, fiat to crypto and crypto to fiat).
In the future, the GIGA will also be available for the payment of services in real time. As such, it will become the first “consumable” token – i.e. it will be consumed as services are used. For example, one of the BlockNum modules currently under development is iPCS, an IP-only mobile service. iPCS will accept the GIGA for services provided and GIGAs will be consumed as the services are provided.
The GIGA using BlockNum blockchain technology will become a secure, trusted and transparent mechanism for BlockNum transactions.
Anyone with a BlockNum wallet will be able to transact in GIGAs or fiat/crypto equivalents using the BlockNum standalone application, the BlockNum website accessed through their smartphone, or a BlockNum application embedded in a third party service. Returning to the example of iPCS, the mobile service will provide an embedded BlockNum option within the iPCS app.
GIGAs will be issued by Internet PCS Inc. (BVI) (iPCS BVI).
iPCS has developed a patent pending technology that brings all its SoIP subscribers in compliant with international rules, regulations and roaming agreements and therefore provides a new generation of wireless services, at lower cost with much more flexibility for its users.
When an iPCS subscriber device is connected to an internet Wi-Fi network, the 3G/LTE cellular radio is automatically deactivated on the device and therefore not using the roaming partner network and spectrum. At the same time, all connections seamlessly switch to a remote access of iPCS’ own licensed spectrum, Cloud Spectrum-over-WiFi (CSoW). Therefore users are not permanently using partner networks roaming service and remain at all time in compliance of such usage agreements. iPCS can use several different roaming partner networks (if available) for each WiFi to 3G/LTE transfer between network session switches to obtain best quality of service.
iPCS features unlimited calling and MMS services when on Wi-Fi, and this represents a valuable alternative for international mobile roaming services. Only calls made outside the continental US and Canada can incur additional charges.
All personal information such as SMS texts, call logs, contact information and voicemail reside on secured cloud servers which can only be accessed under a secured user session. This means that when a user chooses to log out of the service the information cannot be accessed on the smartphone and 911 emergency services are available.
Users can have multiple profiles on their device, each with different usernames and different phone numbers, SMS text number, voicemails etc. Therefore several iPCS™ users can share the same smartphone device if they choose. iPCS™ SIM cards are not tied to a specific subscriber as in traditional mobile services so iPCS™ users can access their TNW Mobile service on any phone with a TNW Mobile SIM.
BlockChainDomes / BlockChainDatacenters
The BlockchainDomes™ are cryptocurrency mining facilities that will house mining servers and will provide both ASIC (application-specific integrated circuit) and GPU (graphics processing unit) based capability enabling the mining of both Bitcoin and Ethereum. It further incorporates highly innovative energy features which provide passive cooling using the ground as a natural source of cold air which induced through a chimney effect through its design.
In the past year, Cryptocurrency mining has become exceedingly popular at both with individuals and commercial operations. This is due to the rising value of cryptocurrencies as well as an increased awareness of the financial opportunities from mining. However establishing cryptocurrency mining operations is still a complex and expensive process and provides variable returns on investment based on available technical skills and direct costs of operations which are often linked to economies of scale.
It is well established for example, that mining operations are extremely energy intensive and as such the profitability of mining operations is highly dependent on the efficiency of the mining rigs and more importantly, the cost of electricity used for both the rigs themselves and the massive cooling requirements from the heat they generate. Some current reports indicate that for Bitcoin alone, mining operations consume as much electricity annually as the whole of Ireland and the electrical consumption per transaction is equivalent to what 9 average US households would use in a day. Therefore there is intense pressure on mining operations to both reduce the amount of energy required in the process and to seek out the lowest possible cost of electricity.
The Blockchain DomeTM
The Blockchain Dome is cryptocurrency mining facility that will house up to 1,000 mining servers and will provide both ASIC (application-specific integrated circuit) and GPU (graphics processing unit) based capability enabling the mining of both Bitcoin and Ethereum.
Servers will be sold to investors (individual, group or corporate) and these be operated by United American Corp through its wholly-owned subsidiary, United Blockchain Corp (United Blockchain) through its subsidiary, Blockchain Data Centers Inc., under a profit sharing agreement with the owners of the servers (half to the owners, half to United Blockchain) in an operationally innovative environment which minimizes costs and maximizes financial returns.
Under the Blockchain Dome business model, mining proceeds will be exchanged for US or Canadian dollars at a minimum once per month. As such United Blockchain will at no time hold any cryptocurrency on behalf of itself or owners of Blockchain Dome mining servers.
The Blockchain Dome will the first facility of its kind that will provide complete cryptocurrency mining capacity to individuals, groups of individuals and commercial operations on a reasonable investment basis and that allows all participants to own their own rigs and benefit from economies of scale. These economies of scale are realized through lower capital costs (though volume purchasing), lower which take advantage of Quebec’s unique electrical price structure as well as very basic overhead costs which can be amortized over all the mining servers in a specific Blockchain Dome.
The Blockchain Dome will appeal to various levels and demographics of miners ranging from individuals (or groups of individuals) who want to get into the mining business, to commercial operations and to general investors who want a turnkey managed play in cryptocurrency mining.
The Blockchain Dome has been designed for rapid deployment and easy to be replicated with some 25 facilities planned for the Province of Quebec based on demand over the next 24 months.
Chief Executive Officer | Benoit Lalibertehttp://www.google.com/url?sa=t&source=web&cd=1&sqi=2&ved=0CCIQFjAA&url=http%3A%2F%2Fen.wikipedia.org%2Fwiki%2FBeno%25C3%25AEt_Lalibert%25C3%25A9&ei=pfu5Tab5CcHGgAeJvqXPDw&usg=AFQjCNHhNOvMmBE9WQjTmORVuGoY_26phw |
Vice President / Corporate Affairs | Lawry Trevor-Deutsch |
Chief Opperating Officer | Sandeep Panasar |
President iFramed | Mike Schmidt |
Chief of Engineering Services | Maxime Brazeau |
Chief Programmer | Martin Reidy |
Token Engineering | Eric Cadieux |
Conceptualizer | Denis LaManna |
Director of Public Relations | Jenna Trevor-Deutsch |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |