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Benoit Laliberte, CEO falsified SEC Reports!
UAMA CEO falsified SEC disclosure documents!
Benoit Laliberte, CEO incompetence killed UAMA
Facts are clear that Mr. Laliberte should have gone to JAIL for his 44 convictions for stock fraud, market manipulation and deceiving investors. He'd have been sent to jail in any other Province in Canada at the time and certainly in the US. He was very lucky to have dodged a jail sentence.
Not only has he been an undischarged bankrupt for the past ten (10) years, but also morally bankrupt. Dig into the bankruptcy proceedings of Teliphone-Navigata-Westel (TNW) and the many documented breaches of contract. Serious enough that one judge went on the record commenting that it appeared that such breaches seemed a business practice of Mr. Laliberte. Remarkable comment on business ethics.
The record shows that Mr. Laliberte is a poor manager and leader. He's screwed up and caused the failure of numerous companies the largest of which was Teliphone-Navigata-Westel. That $47M bankruptcy totally GUTTED the asset base and employee talent base. Nothing is left except for a pile of legal bills and potential action against Mr. Laliberte for his written threats to an Officer of the Court and his failure to remit employee tax withholdings to the CRA in Canada. Will this bring charges against Mr. Laliberte? Time will tell.
In retrospect not sure why Investel, UAMA, Laliberte bought RuralCom in 2019. RuralCom became TNW Wireless Inc and that has totally failed. Time has clearly demonstrated that Mr. Laliberte doesn't understand wireless. RuralCom was "market ready" with institutional investor support garnered through the RuralCom CEO. It could have been quickly built into a significant regional carrier and could be generating $40-80M today in annual revenues with really decent EBITDAs, except Benoit's EGO got in the way and it was all for naught. The RuralCom CEO was set free along with his financial supporters and the record will show that when Laliberte approached those institutional investors he was shown the door! Funny how the investor community eschews convicted criminals.
Don't see the greatness that some other posters seem to want to see in Mr. Laliberte. He's a fraudster with a track record that confirms his incompetence. Predictably UAMA et al has failed.
Seems UAMA failed to file. Likely dead now!
See OTC Markets - UAMA
Dead or defunct.
UAMA has totally failed! No upside!
The history, the bankruptcy of Telephone-Navigata-Westel have all revealed evidence that the business was run by incompetents, without result. Court records have revealed Mr. Benoit Laliberte was a convicted criminal and his very presence made it impossible to raise outside capital.
The purchase of market-ready RuralCom could have been the salvation for UAMA if they had kept the RuralCom CEO and the financing commitments that he had arranged. That business could be $40-60M in revenues with 40-60% EBITDA today if the UAMA CEO hadn't let his ego get in the way.
Litigation has failed on all fronts.
TNW Wireless a non-starter and has made no meaningful progress in 2021. Big talk on becoming an MVNO but TNW Wireless does not have the industry knowledge, talent, contacts, experience or capital to emerge as a viable MVNO. As someone who built the largest cellular resale business in the US, I can say with great confidence that there is no way TNW Wireless will ever emerge as a viable MVNO.
Blockdomes or whatever they call the sophomoric crypto-currency mining business is troubled and likely just a matter of time before the Quebec Tribunal forces the shutdown and relocation of those facilities, which UAMA acknowledges will be very costly. As miners go Blockdomes not even on the radar in Quebec, let alone the rest of Canada. Cetaq, UAMA et al not even close to being a Hut 8.
Facts don't suggest any future for this fraudulent enterprise. Benoit Laliberte, UAMA CEO is a convicted criminal found guilty of 44 counts of stock fraud, market manipulation and deceiving investors according to The Canadian Press. BC Supreme Court documents reveal he has been an undischarged bankrupt for over ten (10) years. This kind of background makes it impossible for UAMA to raise expansion capital.
Finally, the CCAA Proceedings and subsequent court-approved sale of the Teliphone-Navigata-Westel assets to Distributel have completely gutted UAMA, Investel, etc. The employees and talent base went with the assets to Distributel. There's nothing left!
Hope all here that still post have a great day
#worldkindnessday
Benoit Laliberte, CEO incompetence killed UAMA
Facts are clear that Mr. Laliberte should have gone to JAIL for his 44 convictions for stock fraud, market manipulation and deceiving investors. He'd have been sent to jail in any other Province in Canada at the time and certainly in the US. He was very lucky to have dodged a jail sentence.
Not only has he been an undischarged bankrupt for the past ten (10) years, but also morally bankrupt. Dig into the bankruptcy proceedings of Teliphone-Navigata-Westel (TNW) and the many documented breaches of contract. Serious enough that one judge went on the record commenting that it appeared that such breaches seemed a business practice of Mr. Laliberte. Remarkable comment on business ethics.
The record shows that Mr. Laliberte is a poor manager and leader. He's screwed up and caused the failure of numerous companies the largest of which was Teliphone-Navigata-Westel. That $47M bankruptcy totally GUTTED the asset base and employee talent base. Nothing is left except for a pile of legal bills and potential action against Mr. Laliberte for his written threats to an Officer of the Court and his failure to remit employee tax withholdings to the CRA in Canada. Will this bring charges against Mr. Laliberte? Time will tell.
In retrospect not sure why Investel, UAMA, Laliberte bought RuralCom in 2019. RuralCom became TNW Wireless Inc and that has totally failed. Time has clearly demonstrated that Mr. Laliberte doesn't understand wireless. RuralCom was "market ready" with institutional investor support garnered through the RuralCom CEO. It could have been quickly built into a significant regional carrier and could be generating $40-80M today in annual revenues with really decent EBITDAs, except Benoit's EGO got in the way and it was all for naught. The RuralCom CEO was set free along with his financial supporters and the record will show that when Laliberte approached those institutional investors he was shown the door! Funny how the investor community eschews convicted criminals.
Don't see the greatness that some other posters seem to want to see in Mr. Laliberte. He's a fraudster with a track record that confirms his incompetence. Predictably UAMA et al has failed.
Benoit Laliberte, record of mediocrity and fraud.
Facts are clear that Mr. Laliberte should have gone to JAIL for his 44 convictions for stock fraud, market manipulation and deceiving investors. He'd have been sent to jail in any other Province in Canada at the time and certainly in the US. He was lucky to have dodged a jail sentence.
Not only has he been an undischarged bankrupt for the past ten (10) years, but also morally bankrupt. Dig into the bankruptcy proceedings and the many documented breaches of contract. Serious enough that one judge went on the record commenting that it appeared that such breaches seemed a business practice of Mr. Laliberte.
The record shows that Mr. Laliberte is a poor manager and leader. He's screwed up and caused the failure of numerous companies the largest of which was Teliphone-Navigata-Westel. That $47M bankruptcy totally GUTTED the asset base and employee talent base. Nothing is left except for a pile of legal bills and potential action against Mr. Laliberte for his written threats to an Officer of the Court and his failure to remit employee tax withholdings to the CRA in Canada. Will this bring charges against Mr. Laliberte? Time will tell.
In retrospect not sure why Investel, UAMA, Laliberte bought RuralCom. RuralCom became TNW Wireless Inc and that has totally failed. Time has clearly demonstrated that Mr. Laliberte doesn't understand wireless. RuralCom was "market ready" with institutional investor support garnered through the RuralCom CEO. It could have been quickly built into a significant regional carrier and could be generating $40-80M today in annual revenues with really decent EBITDAs, except Benoit's EGO got in the way and it was all for naught. The CEO was set free along with his financial supporters and the record will show that when Laliberte approached those institutional investors he was shown the door! Funny how the investor community eschews convicted criminals.
Don't see the greatness that some other posters seem to want to see in Mr. Laliberte. He's a fraudster with an unremarkable track record. Predictably the past is the best clue to the future of UAMA and it is bleak!
UAMA missed opportunities, failed leadership
Benoit Laliberte, record of mediocrity and fraud.
Facts are clear that Mr. Laliberte should have gone to JAIL for his 44 convictions for stock fraud, market manipulation and deceiving investors. He'd have been sent to jail in any other Province in Canada at the time and certainly in the US. He was lucky to have dodged a jail sentence.
Not only has he been an undischarged bankrupt for the past ten (10) years, but also morally bankrupt. Dig into the bankruptcy proceedings and the many documented breaches of contract. Serious enough that one judge went on the record commenting that it appeared that such breaches seemed a business practice of Mr. Laliberte.
The record shows that Mr. Laliberte is a poor manager and leader. He's screwed up and caused the failure of numerous companies the largest of which was Teliphone-Navigata-Westel. That $47M bankruptcy totally GUTTED the asset base and employee talent base. Nothing is left except for a pile of legal bills and potential action against Mr. Laliberte for his written threats to an Officer of the Court and his failure to remit employee tax withholdings to the CRA in Canada. Will this bring charges against Mr. Laliberte? Time will tell.
In retrospect not sure why Investel, UAMA, Laliberte bought RuralCom. RuralCom became TNW Wireless Inc and that has totally failed. Time has clearly demonstrated that Mr. Laliberte doesn't understand wireless. RuralCom was "market ready" with institutional investor support garnered through the RuralCom CEO. It could have been quickly built into a significant regional carrier and could be generating $40-80M today in annual revenues with really decent EBITDAs, except Benoit's EGO got in the way and it was all for naught. The CEO was set free along with his financial supporters and the record will show that when Laliberte approached those institutional investors he was shown the door! Funny how the investor community eschews convicted criminals.
Don't see the greatness that some other posters seem to want to see in Mr. Laliberte. He's a fraudster with an unremarkable track record. Predictably the past is the best clue to the future of UAMA and it is bleak!
UAMA et al assets gutted by CCAA Proceedings.
Read it all in 19th Report linked below:
Reference:
https://documentcentre.ey.com/api/Document/download?docId=34127&language=EN
Distributel picked up the pieces and apparently running a going concern, something that Laliberte et al couldn't do.
The bottom line is CCAA Proceedings gutted the asset base and all the employees long gone.
UAMA is worthless!
UAMA is finished! No upside!
Litigation has failed on all fronts.
TNW Wireless a non-starter and has made no meaningful progress in 2021. Big talk on becoming an MVNO but TNW Wireless does not have the talent, contacts, experience or capital to emerge as a viable MVNO. As someone who built the largest cellular resale business in the US, I can say with great confidence that there is no way TNW Wireless will emerge as a viable MVNO.
Blockdomes or whatever they call the sophomoric crypto-currency mining business is troubled and likely just a matter of time before the Quebec Tribunal forces the shutdown and relocation of those facilities, which UAMA acknowledges will be very costly. As miners go Blockdomes not even on the radar in Quebec, let alone the rest of Canada. Cetaq, UAMA et al not even close to being a Hut 8.
Facts don't suggest any future for this fraudulent enterprise. Benoit Laliberte, UAMA CEO is a convicted criminal found guilty of 44 counts of stock fraud, market manipulation and deceiving investors according to The Canadian Press. BC Supreme Court documents reveal he has been an undischarged bankrupt for over ten (10) years. This kind of background makes it impossible for UAMA to raise expansion capital.
Finally, the CCAA Proceedings and subsequent court-approved sale of the Teliphone-Navigata-Westel assets to Distributel have completely gutted UAMA, Investel, etc. The employees and talent base went with the assets to Distributel. There's nothing left!
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
TNW Wireless absent from any disclosure!
Why?
Likely because it has failed. ISED Canada requires an annual statement of compliance though no mention of that in latest report. Also noticeably absent is any information of the potential move to develop an MVNO as touted in 1Q 2021 Press Releases.
So no progress on MVNO and no evidence TNW Wireless network in the Yukon or Northern BC is operative. My industry sources tell me there is no sign of any cell phone network activity on their assigned spectrum.
So just more BS from Benoit Laliberte.
Fact is that TNW Wireless has no roaming agreements in place with any carrier anywhere in the world. There's no claim or numbers on subscribers so you can assume they have no wireless subscribers. No separate line of revenue even mentioned or claimed. Finally, no carrier I am regularly in touch with has any active discussions underway with TNW Wireless.
You can safely say that TNW Wireless is DEAD!
UAMA in deep distress! Failing enterprise!
Litigation has failed on all fronts.
TNW Wireless a non-starter and has made no meaningful progress in 2021. Big talk on becoming an MVNO but TNW Wireless does not have the talent, contacts, experience or capital to emerge as a viable MVNO. As someone who built the largest cellular resale business in the US, I can say with great confidence that there is no way TNW Wireless will emerge as a viable MVNO.
Blockdomes or whatever they call the sophomoric crypto-currency mining business is troubled and likely just a matter of time before the Quebec Tribunal forces the shutdown and relocation of those facilities, which UAMA acknowledges will be very costly. As miners go Blockdomes not even on the radar in Quebec, let alone the rest of Canada. Cetaq, UAMA et al not even close to being a Hut 8.
Facts don't suggest any future for this fraudulent enterprise. Benoit Laliberte, UAMA CEO is a convicted criminal found guilty of 44 counts of stock fraud, market manipulation and deceiving investors according to The Canadian Press. BC Supreme Court documents reveal he has been an undischarged bankrupt for over ten (10) years. This kind of background makes it impossible for UAMA to raise expansion capital.
Finally, the CCAA Proceedings and subsequent court-approved sale of the Teliphone-Navigata-Westel assets to Distributel have completely gutted UAMA, Investel, etc. The employees and talent base went with the assets to Distributel.
UAMA, OTC Mkts flag, AMF Cease Trade Order
Seems 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 a worthless mess! No Progress!
Blockdomes said to be in trouble. 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 !Q quarterly and YE for 2020 reports. Latest report renews concern over cost to shut-down and move Blockdomes to another location and restore current land to agricultural use. Likely just a matter of time before they have to face this.
As Blockdomes appears to be major source of dwinding revenues an update is needed.
Second quarter disclosure and financials show NO PROGRESS!
TNW Wireless 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. And....with convicted criminal revelations (The Canadian Press) of Benoit Laliberte, UAMA CEO they can't raise any meaningful capital.
In April filings there's mention of becoming an MVNO. That will never happen as they don't have the talent, experience, connections or capital to make it happen! No progress reported on this front and you can assume they have given up on plans to become an MVNO.
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.
Fraudulent filings of YE 2018, Q1-2019 and Q2-2019 all claimed "NO" to convictions within the past 10 years. Clearly falsehoods and just a matter of time with SEC now.
UAMA in deep distress!
Litigation has failed on all fronts.
TNW Wireless a non-starter and has made no meaningful progress in 2021. Big talk on becoming an MVNO but TNW Wireless does not have the talent, contacts, experience or capital to emerge as a viable MVNO. As someone who built the largest cellular resale business in the US, I can say with great confidence that there is no way TNW Wireless will emerge as a viable MVNO.
Blockdomes or whatever they call the sophomoric crypto-currency mining business is troubled and likely just a matter of time before the Quebec Tribunal forces the shutdown and relocation of those facilities, which UAMA acknowledges will be very costly. As miners go Blockdomes not even on the radar in Quebec, let alone the rest of Canada. Cetaq, UAMA et al not even close to being a Hut 8.
Facts don't suggest any future for this fraudulent enterprise. Benoit Laliberte, UAMA CEO is a convicted criminal found guilty of 44 counts of stock fraud, market manipulation and deceiving investors according to The Canadian Press. BC Supreme Court documents reveal he has been an undischarged bankrupt for over ten (10) years. This kind of background makes it impossible for UAMA to raise expansion capital.
Finally, the CCAA Proceedings and subsequent court-approved sale of the Teliphone-Navigata-Westel assets to Distributel have completely gutted UAMA, Investel, etc. The employees and talent base went with the assets to Distributel.
Missed late filing date for 2Q financials.
Dear UAMA CEO,
Another late filing on the way?
Please make sure to explain in detail:
1) Measurable progress on development of MVNO.
2) Confirm operational status of cellular network licences! 3G? or 4G? or 5G.
3) List all roaming agreements in support of MVNO.
4) Identify subscriber equipment sources and availability in support of MVNO.
5) Identify retail outlets owned or partnered?
6) Identify major Canadian facilities-based carrier who has agreed to enter into the roaming agreements.
7) Show evidence TNW Wireless has operational billing system to support MVNO operations.
8) Explain staffing of TNW Wireless that will support and lead the MVNO operations. Detail their relevant experience in cellular retail, resale operations, cellular industry background, team accomplishments in cellular industry.
9) Explain "brand" and steps UAMA will take to establish new MVNO as a Canadian brand!
10) Explain operational status of Blockdomes and "in-revenue" status?
11) Explain status of Quebec court order mandating "shut-down" of Blockdome miners.
12) Explain starts of dispute with local power utility in Quebec powering Blockdomes.
13) Acknowledge defendant status in breach of contract suit brought and active in Supreme Court of BC.
If this can't be done in a credible manner, consider it just as more "fluff" to distract the public from the serial failures of Mr. Benoit Laliberte, UAMA CEO and Lawry Trevor-Deutsch. They have never built a business of lasting value.
Anything less is a "smoke screen" and more coverup of the fraud that has permeated UAMA et al business practices.
CAVEAT EMPTOR!
UAMA a worthless mess!
Blockdomes said to be in trouble. 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.
When can we expect 2nd Qtr filings?
TNW Wireless 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 April filings there's mention of becoming an MVNO. That will never happen as they don't have the talent, experience, connections or capital to make it happen!
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.
Fraudulent filings of YE 2018, Q1-2019 and Q2-2019 all claimed "NO" to convictions within the past 10 years. Clearly falsehoods and just a matter of time with SEC now.
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
UAMA, OTC Mkts flag, 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 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 a pathetic worthless mess!
Blockdomes said to be in trouble. 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.
When can we expect 2nd Qtr filings?
TNW Wireless 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 to make it happen!
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.
Fraudulent filings of YE 2018, Q1-2019 and Q2-2019 all claimed "NO" to convictions within the past 10 years. Clearly falsehoods and just a matter of time with SEC now.
UAMA worthless and for good reason.
Like every business Benoit Laliberte has ever been involved with, fraud is a big part of creating the illusion of progress. Press releases typically manipulated the facts. Look back at all the BS regarding patent litigation, anti-trust litigation, Blockdomes, wireless, etc. Latest press release last April regarding wireless MVNO opportunity is typical and contains half-truths and blatant un-truths.
TNW Wireless now 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. Cellular network has been inoperative since 2018. Clear signs that Laliberte and Trevor-Deutsch are inept.
The acquisition of RuralCom was botched. Benoit Laliberte, UMA CEO and his Lawry Trevor-Deutsch have no relevant wireless experience, no industry contacts and couldn't raise any meaningful capital.
The touted MVNO opportunity for TNW Wireless is a non-starter. 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.
Blockdomes said to be in trouble. Latest quarterly reports admit to on-going land-use violation and related problems. Troubles disclosed 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.
To cap it off Benoit Laliberte has been labeled as a convicted criminal by The Canadian Press. (look it up!). His 24 convictions were for stock fraud, market manipulation and deceiving investors.
The records show that he has faced suits for breaching contracts and there are suits yet to be heard. In addition, Whistleblower complaints have been filed and it would come as no surprise if charges were laid against him.
He has never properly disclosed his convictions in public filings before the SEC and other regulatory agencies and he committed fraud in YE 2018 Pink Report and financials and then again in 1Q 2019 and 2Q 2019 Pink Report and financials when he claimed "NO" as his answer to question regarding "convictions within the past 10 years".
Mr Laliberte's reputation and convictions make him an untouchable when it comes to raising capital.
Benoit Laliberte has never built a business of lasting value.
CAVEAT EMPTOR!
UAMA troubles make business worthless!
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 to make it happen!
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.
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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.
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 |
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