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Complicit posters also abandoned UAMA.
UAMA stagnant, no news, no progress!
Blockdomes said to be in trouble. Even latest quarterly reports admit to on-going land-use violation and related problems. Apparently also troubles with power utility which forced Blockdomes (or Cetaq et al) to file for creditor protection. It's in the latest quarterly and YE for 2020 reports.
As Blockdomes appears to be major source of dwinding revenues an update is needed.
TNW Wireless seems a dead duck. Wholesale business model failed on the launch pad despite having roaming agreements with AT&T, Sprint, T-Mobile and Verizon and talks underway with Bell. The acquisition of RuralCom was botched. Benoit Laliberte, UMA CEO and his Lawry Trevor-Deutsch have no relevant wireless experience, no industry contacts and have never built a bustiness of lasting value.
In latest filings there's mention of becoming an MVNO. That will never happen as they don't have the talent, experience, connections or capital which basically makes it a nothing.
Having built the largest cellular resale organization in the US, I can say with some authority that TNW Wireless, UAMA et al will never, ever build a successful MVNO in Canada.
Stick a fork in UAMA. It's done!
Blockdomes beset by problems. Court-ordered shut-down and restoral of land to agricultural use. Company discloses they may face high costs to restore and re-locate. Latest quarterly discloses problems with local power company for Blockdomes. Filed for creditor protection with power utility.
TNW Wireless a total disaster and failed to launch market-ready wholesale carrier business. Now desperate to suggest a future as an MVNO.
As someone who built the largest cellular resale business in the US I can state without a doubt that Benoit Laliberte, TNW Wireless or UAMA will fail miserably as an MVNO.
So where's the upside for UAMA?
SPECIAL BULLETIN: There is none!
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 convicted criminal, bankrupt! Never forget! "Montréal – In a decision handed down on April 28, 2009, Judge Richard Wagner of Superior Court (Criminal and Penal Division), district of Montréal, found Benoît Laliberté guilty of three of the four charges under an appeal launched by the Autorité des marchés financiers (AMF) in September 2008. CP (Canadian Press) 49. As stated above, Mr. Laliberte is an undischarged bankrupt. Despite this, he has claimed
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:
At the request of the AMF, the Court thereby quashed the acquittal verdicts issued by Judge Céline Lacerte-Lamontagne in February 2008 in respect of charges 6, 9 and 38. Specifically, the AMF succeeded in its appeal in respect of two charges related to an insider's obligation to report transactions within the time period prescribed by law and in respect of one charge related to making misrepresentations in a press release."
and more evidence:
PUBLISHED FEBRUARY 22, 2008 (Toronto Globe & Mail)
UPDATED APRIL 26, 2018 (Toronto Globe & Mail)
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contract.
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:
to be an officer and/or representative of a variety of companies in the TNW Group, most
recently being Teliphone and Investel Capital Corporation.
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
Evidence supports conviction of UAMA CEO. U.S. SECURITIES AND EXCHANGE COMMISSION
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.
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
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.
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 (see The Canadian Press)
- 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
Evidence is clear. Mr. Benoit Laliberte did knowlingly commit fraud in these UAMA reports and that all reminiscent of this numerous convictions back in 2008 and 2009,
Seems like he is "repeat offender"
Complaints have been filed with the SEC
UAMA, OTC Mkts flag up, AMF Cease Trade Order
Seems a lot like old times with Inelco and Teliphone.
Both those listings revoked by SEC.
Though maybe "teeth" in any SEC action this time.
SEC takes dim view of fraudulent filings!
UAMA "slip-sliding away"?
Blockdomes have acknowledged problems with land-use violations and now power utility, all mentioned in latest Pink disclosure Q1-2021 and supporting notes to financials.
TNW Wireless CEOs long gone and wholesale wireless opportunity failed. Now talking about potential MVNO market entry, though that predictably will fail. Why? No expansion capital, no industry experience, no contacts, no talent and no relationships with facilities-based carriers.
The $47M bankruptcy (CCAA proceedings in Canada) has totally gutted the asset and talent base and employees all long gone.
Nothing left but a couple of officers who have never built a business of lasting value.
Seems like FAIL is in their DNA.
TNW Wireless network still INOPERATIVE!
Blockdome dispute with power utility?
Blockdome land-use violations? Still problem?
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
ISED should revoke TNW spectrum licenses!
TNW Wireless Inc. has been operating in violation of terms of licence since sometime in 2018.
UAMA, OTC Mkts flag up, AMF Cease Trade Order
Seems a lot like old times with Inelco and Teliphone
Both those listings revoked by SEC.
Though maybe "teeth" in any SEC action this time.
SEC takes dim view of fraudulent filings!
Caveat Emptor! OTC Markets and AMF "sticky"!
OTC Markets still flying "skull & crossbones" over UAMA.
AMF Cease Trade Order still in place.
Decay within UAMA et al continues as management apparently running out of options.
Blockdome operations troubled and TNW Wireless has failed.
Lack of capital and convicted criminal CEO will destroy any upside.
UAMA is done, on life support, and with a really weak cash position.
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 "slip-sliding away"?
Blockdomes have acknowledged problems with land-use violations and now power utility, all mentioned in latest Pink disclosure Q1-2021 and supporting notes to financials.
TNW Wireless CEOs long gone and wholesale wireless opportunity failed. Now talking about potential MVNO market entry, though that predictably will fail. Why? No expansion capital, no industry experience, no contacts, no talent and no relationships with facilities-based carriers.
The $47M bankruptcy (CCAA proceedings in Canada) has totally gutted the asset and talent base and employees all long gone.
Nothing left but a couple of officers who have never built a business of lasting value.
Seems like FAIL is in their DNA.
Isn’t that a breach of Covid Rules ?
Stick a fork in UAMA. It's done!
Blockdomes beset by problems. Court-ordered shut-down and restoral of land to agricultural use. Company discloses they may face high costs to restore and re-locate. Latest quarterly discloses problems with local power company for Blockdomes. Filed for creditor protection with power utility.
TNW Wireless a total disaster and failed to launch market-ready wholesale carrier business. Now desperate to suggest a future as an MVNO.
As someone who built the largest cellular resale business in the US I can state without a doubt that Benoit Laliberte, TNW Wireless or UAMA will fail miserably as an MVNO.
So where's the upside for UAMA?
SPECIAL BULLETIN: There is none!
UAMA, OTC Mkts flag up, AMF Cease Trade Order
Seems a lot like old times with Inelco and Teliphone.
Both those listings revoked by SEC.
Though maybe "teeth" in any SEC action this time.
SEC takes dim view of fraudulent filings!
ISED Canada should revoke TNW Wireless spectrum licenses!
TNW Wireless operating in violation of terms of licence!
Cellular network is INOPERATIVE as in dark, defunct or dead!
TNW Wireless Inc. violates terms of licence!
TNW Wireless Inc. in violation of ISED Terms of Licence.
Network has been INOPERATIVE since 2018.
Cellular network is INOPERATIVE as in dark, defunct or dead!
Hey Benoit! MVNO nowhere! Say it isn't so!
Expect continued slide and final failure of TNW Wireless. Wholly owned subsidiary of UAMA.
All on top of highly troubled and compromised Blockdomes. Latest news on Blockdomes re on-going land-use violations and dispute with local power utility that resulted in creditor protection filing.
In latest 2020 YE and 1Q, 2Q (2021) PINK DISCLOSURES there is mention of MVNO initiative.
UAMA should tell us now about progress of the MVNO:
1) Got an agreement with facilities-based carrier to resell service?
2) Got roaming agreements with US and International carriers?
3) Got approved billing system up and running and ready for test?
4) Got 4G EPC core up and running?
5) Got old 3G cellular network up and running or still dark (believed first dark in 2018)?
6) Got arrangements in place for "store fronts" in BC and the Yukon?
7) Got arrangements in place to hire, train and deploy retail and business sales force?
8) Got arrangements in place to source, inventory and fulfill customer sign-ups?
9) Got 24/7/365 tier 1 customer support in place to serve subscribers?
Surprise us! Explain measurable progress on the MVNO initiative? Heck maybe shock us and outline the plan with specific launch dates etc.
BTW nothing seen in the Canadian wireless industry news sources to suggest any progress!
Even complicit UAMA posters in hiding?
Supportive fraudsters who submitted undocumented platitudes about the business, management or unsubstantiated projections of future success seem to have disappeared.
In the end the facts meant nothing to them and they reverted to personal attacks on posters who rely on the facts and there are signs that may come back to bite them!
Recent unmasking of one poster a revelation.
Investigations have potential to drag in complicit posters.
It's likely UAMA et al is really fading fast and maybe gone soon!
Justice may have the last word
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.
Cue music, "The End" by the Doors! UAMA done!
Caveat Emptor! OTC Markets and AMF "sticky"!
OTC Markets still flying "skull & crossbones" over UAMA.
AMF Cease Trade Order still in place.
Decay within UAMA et al continues as management apparently running out of options.
Blockdome operations troubled and TNW Wireless has failed.
Lack of capital and convicted criminal CEO will destroy any upside.
UAMA is done, on life support, and with a really weak cash position.
ISED should revoke TNW spectrum licenses!
TNW Wireless Inc. has been operating in violation of terms of licence since sometime in 2018.
TNW Wireless operating in violation of terms of licence!
Cellular network is INOPERATIVE as in dark, defunct or dead!
Is cellular network still Off-the-Air?
First reported in 2018 and still see no signs of life.
No subscribers, no roaming agreements, no REVENUES from wireless network operations.
Even more troubling is no news on the wireless front.
You can assume TNW Wireless (and UAMA wireless initiativ)has totally failed).
Solved Blockdome land-use violations and remediation?
Settled with Quebec Tribunal?
How about dispute with local power utility and your filing for creditor protection?
What progress has UAMA made in wireless.
MVNO distribution business mentioned in 1Q-2021 reports! Now nothing!
No signs of life!
Even complicit posters have abandoned UAMA!
Supportive fraudsters who submitted undocumented platitudes about the business, management or unsubstantiated projections of future success seem to have disappeared.
In the end the facts meant nothing to them and they reverted to personal attacks on posters who rely on the facts.
Not seeing any signs of life vis-a-vis the future from UAMA.
Suppose it's possible that business is really fading fast and maybe gone soon!
Wireless a total failure at UAMA!
Invested, UAMA et al bought RuralCom back in February 2017. RuralCom a market-ready wholesale cellular carrier with a small network already operational and had key inter-carrier roaming agreements with AT&T, Sprint, T-Mobile and Verizon. Benoit Laliberte doesn't have a clue about the wireless industry and couldn't wait to fire the RuralCom CEO. He then went to institutional investors that had provided RuralCom with financing term sheets, an end-run on the fired CEO, and those potential sources of substantial capital showed him the door. Still can't raise capital!
Mr. Laliberte quickly learned that he and Mr. Panesar didn't have the contacts, the knowledge or the needed financial support to expand the business. Despite all the BS about appearances before the CRTC, TNW Wireless was failing fast and in 2018 the network ceased to be operational.
iPCS just another miserable failure. If it was worth anything, had any redeeming value or solved a problem at lower cost some carrier in the world would licence it and trial it. But that's not Mr. Laliberte's style he prefers to market pure BS not to find and sell and partner to get a trial up and operating. The truth is iPCS just another Laliberte fail and the wireless industry already has a lower cost solution.
Now, according to quarterly filings, UAMA mentions that they may launch an MVNO (mobile virtual network operator) business in Canada. That's a distribution play in a highly competitive market and it will predictably fail. Mr. Laliberte and Mr. Treveor-Deutsch have never built a successful distribution business, have no relevant wireless industry experience and can't access the capital required to properly enter the market.
I built the largest cellular resale business in the US and UAMA doesn't have what it takes to be successful.
UAMA is just one big illusion and fraud. Look back at all the press releases like the cryptocurrency mining campus touted in 2019. A vision of grandeur that never happened.
Wireless has failed at UAMA. iPCS has failed. Blockdomes are in trouble!
UAMA a real mess, CAVEAT EMPTOR!
UAMA, OTC Mkts flag up, AMF Cease Trade Order
Seems a lot like old times with Inelco and Teliphone
Both those listings revoked by SEC.
Though maybe "teeth" in any SEC action this time.
SEC takes dim view of fraudulent filings!
UAMA "slip-sliding away"?
Blockdomes have acknowledged problems with land-use violations and now power utility, all mentioned in latest Pink disclosure Q1-2021 and supporting notes to financials.
TNW Wireless CEOs long gone and wholesale wireless opportunity failed. Now talking about potential MVNO market entry, though that predictably will fail. Why? No expansion capital, no industry experience, no contacts, no talent and no relationships with facilities-based carriers.
The $47M bankruptcy (CCAA proceedings in Canada) has totally gutted the asset and talent base and employees all long gone.
Nothing left but a couple of officers who have never built a business of lasting value.
Seems like FAIL is in their DNA.
Documentation on UAMA CEO convictions. "Montréal – In a decision handed down on April 28, 2009, Judge Richard Wagner of Superior Court (Criminal and Penal Division), district of Montréal, found Benoît Laliberté guilty of three of the four charges under an appeal launched by the Autorité des marchés financiers (AMF) in September 2008. CP (The Canadian Press) 49. As stated above, Mr. Laliberte is an undischarged bankrupt. Despite this, he has claimed
Labeled as convicted criminal 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:
At the request of the AMF, the Court thereby quashed the acquittal verdicts issued by Judge Céline Lacerte-Lamontagne in February 2008 in respect of charges 6, 9 and 38. Specifically, the AMF succeeded in its appeal in respect of two charges related to an insider's obligation to report transactions within the time period prescribed by law and in respect of one charge related to making misrepresentations in a press release."
and more evidence:
PUBLISHED FEBRUARY 22, 2008 (Toronto Globe & Mail)
UPDATED APRIL 26, 2018 (Toronto Globe & Mail)
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contract.
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:
to be an officer and/or representative of a variety of companies in the TNW Group, most
recently being Teliphone and Investel Capital Corporation.
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
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 41 counts in 2008
- Evidence clear of convictions within past 10 years at time of filings.
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.
Complaints have been filed with the SEC.
UAMA, OTC Mkts flag up, AMF Cease Trade Order
Seems a lot like old times with Inelco and Teliphone
Both those listings revoked by SEC.
Though maybe "teeth" in any SEC action this time.
SEC takes dim view of fraudulent filings!
UAMA - AMF Cease Trade Order remains.
AMF Cease Trade Order
Announcement | 03/26/2020
DECISION No 2020-IC-0005
File No. 43804
March 26, 2020
Cease Trade Order
United American Corp. (the "Issuer") is a reporting issuer of the over-the-counter market in Quebec subject to Regulation 51-105 on issuers listed on over-the counter markets American, CQLR, c. V-1.1, r. 24.1 ("Regulation 51-105");
The issuer has failed to file with the Autorite des marches financiers (the "Authority") the documents and information required under section 73 of the Securities Act, CQLR, c. V-1.1 (the "Law") and section 5 of Regulation 51-105 (the "default");
Given the failure of the issuer to remedy the default on the date of this decision;
Considering Articles 265, 267 and 318 of the Law;
Given the powers delegated in accordance with article 24 of the Law on the supervision of the sector financial, RLRQ, c. E-6.1.
Consequently, the Authority:
banned United American Corp. and its securityholders, brokers and their representatives, as well as to any other person, any activity related to operations on values of the reporting issuer in the over-the-counter market because the latter did not in compliance with the obligations set out in Regulation 51-105.
The Authority may revoke this decision under section 318 of the Act if the issuer remedy the default satisfactorily.
Martin Latulippe
Continuous Information Director
OGI / ale
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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.
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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).
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GIGAs will be issued by Internet PCS Inc. (BVI) (iPCS BVI).
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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 |
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