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Actually in low volume it will be the MM stepping down to cover exposure and drive volume. Perfectly right and proper, without them we would have no market.
Easy to spot, price moves heavily on a few hundred shares.
Thats a shame, but im sure you will get another entry point when its removed. Volitility works both ways, so plenty of oppertunities.
This is a good link to show that Cavet Emptor status, if you keep an eye on it, once the change is reflected, you should be able to trade.
https://www.otcmarkets.com/stock/UAMA/quote
GL.
Hiya,
By skull and crossbones, I assume you are reffering to Cavet Emptor status. Yesterday the company released a PR to say all the required filings have been submitted.
It may take a few days, but that should be removed shortly. Along with OTCQB listing
This is great as it opens up a whole new set of investors, cant wait to get off the damn Pinks...
Welcome, I was surprised they didn’t mention the TGE, I would assume it will be launched in the new year , but there is no harm announcing it today, let people read up on it.
The TGE could raise 50 million +
$1 + share price assuming that goes well is entirely possible
Blocknum news out, and they reference the blocknum site, but not specifically the TGE, altough anyone going to the site will see it.
It’s going to be interesting to see what happens with 1 million plus trading in one day.
Nice to see some new people on the iHub board as well.
This is where all those filings are hiding out. Not much in there, but it does list the biggest two shareholders, but I dont think that eveyone.
77 million between them,
https://www.otcmarkets.com/stock/UAMA/filings
I did spot an error, in the 2015-2016 filing, they stated the outstanding shares was 105 million, thats incorrect.
Its 105 million today after they added 53 million for ipcs / iframed and tnw networks. In 2015/2016 it was about 52 million. AH Well, hopefully not important....
I dont think its that high, but when the filings come out, we can review. All insider holding should be listed.
My only concern is that when you click on the purchase link, you get the option to buy GIGA with Etherium, Bitcoin, or Creditcard. The issue is that the maths isn’t correct.
For dollar 1 dollar is 0.14 Giga, so 1 Giga is about $7
1338 Giga to a Bitcoin = $11.9
49 Giga to an Eth = $17.5
I assume that still has old test values, so I would expect it to be fixed by launch.
The Blocknum website has been updated, it now states 22nd Dec as launch date. Following today’s announcement and action, I believe this to be correct.
Expect the PR tomorrow.
Totally agree, it’s awesome NEWS!
Not the PR I was expecting, I thought this one was going to be next year.
The one I’m waiting on the the Giga / BlockNum. That TGE should take us much higher.
Go to www.blocknum.com to read up on it all. Remember it’s a site still in development, so don’t take the dates literally, but the White / light papers are critical reading.
Worth mentioning only about 10 million shares in the available float. The other 90 million held by insiders, all millionaires in their own right. They won’t be selling anytime soon.
On the court case, I thought was all but over. Arguing over the assets. Some of the assets of TNW Network Corp got pulled into the proceeding. My personal belief was the TNW Neteork Corp was brought under us to give it some shareholder protection. I don’t think it worked.
http://documentcentre.eycan.com/eycm_library/8640025%20Canada%20Inc%20(dba%20Telephone%20Navigata-Westel%20Communication)%20&%20Telephone%20Data%20Centers%20Inc/English/Motion%20Materials/Applications/Notice%20of%20Application%20for%20Leave%20to%20Appeal,%20dated%20Dec%2019,%202017.pdf
The judgement went the other way. This is the Appeal. I was hoping this would end. It’s a distraction, and I think is what’s stopping the filing.. However, it rolls on.
I don’t believe it makes a huge difference to us either way beyond sucking time / resource . It makes a bigger difference to JAAM / Investel, so I guess it needs to be fought. Not great, but it is what it is.
One more thing, the price of ETH has risen dramatically since i last did the calc.
Before i mentioned about 50million plus another 50million in reserve
Its now closer to 97 million with 97 million in reserve, assuming full allocation on middle discount
1 Eth = $819 . Some saying it could rise 4900% next year ( i dont believe this )
Lets just hope the crypto bubble dosnt burst for a little while yet.
Also, release date is currently showing 20th Dec (today), so look out for a PR.. today could be the begininng.
35 Giga = 1 Eth ... 40% discount for the first few daya , so 49 Giga = 1Eth.
Fingers crossed. Today maybe great.
Huge update on the blocknum.com site. Both the White / Light papers are there, still some typos / layout issues, but I would say its 99% done.
Nice trade to push us up a bit.... you can just feel the potential, its like a coiled sping just waiting for the announcements...
launch of Giga / Blocknum , could be worth 50 million plus
Ipcs lauch (supporting Giga)
Settlement with Snap / FB (i think this has already happened)
Sec Filing (soon followed by move to the OTCBB)
IFramed publicity an user numbers
Go Go Uama
The development website has its first push to www.blocknum.com. Still a bit to do, but mostly cleanup. I can see loads of typos, and text that dosnt scan correctly. Also missing info in places. The sales event calculator still has the test dates.. in all its a great site, but needs a couple focused days / proof reading. The White / Light papers are also just templates ATM.
Read it through if you havnt yet hat a chance, losds of great info.
That’s assuming they even attempted to file, I don’t think they did.
My guess is there was a change of plan after the TNW Network thing.
This will resolve soon, win or lose, and will have little impact on us, either way. The biggest win will for it to be over. It’s a distraction we don’t need.
Sry, my ;) was a wink... yes convicted, but it was not clear cut.
Few SEC guys lost their jobs as well.
I would not be surprised if the SEC hates him, but i dont think thats why the filing isnt in.
Alledged ;) .... maybe.. anyone not following his past read the Wiki... It could be a film, very interesting guy / story
As to the filing, I have a theory, but it is purely guess work.
As you are aware, the bankrauptcy filing that is ongoing, but pulled TNW Networks in, and had its assests put under control of the Monitor, the reason for this was it was immpossible to say where one company ended, and the next started, complicated further by the same customer lists and bank account shared between the different entities.
I think Benniot / Trevor were concerned that TNW Networks assets would not be returned, and rolled into the final sale to Distibutal. So UnitedCorp aquired it for 3 Million shares, bringing Unitedcorp closer to the whole bankrauptcy thing than I would have liked ( I commented on this a while back )
I think the reason they did this was to give TNW Networks the protection of a publicly owned company, it would be much harder for the courts to give away the assets if they are untimetly owned by the public share holders.
No idea if this will work / fail, the fight is still ongoing.
But i bet from an SEC perspective, it made the filing impossible.
Just my take / guess
Its worth noting that the long term plan for BlockNum is to convert it into an independant ‘Not for Profit’ organisation.
The general idea of running Crypto Transactions over the PTSN where they cant be hacked like on the Internet is a great idea (If true). The long term benifit for the whole Etherium project could be huge. Scalability will limit Etherium if its not solved, and BlockNum could be an important part of the solution
If we can somehow link that into our own business model, it could be great long term.
Another thing i spotted (in the company description for IPCS in the last PR)..
The BVI based company was refered to as Internet PCS inc. This i think confirms that the TNW Wireless name will be dropped and IPCS will be the new name going forward.
Im hoping there will be a whole series of PRs when the TGE takes place, around that, the SNAP / FB settlement (assuming it happened) , new company structure and SEC Filings / OTCBB listing. With all that in place 2018 will be a great year.
FromtheUK
Just had to share this...
http://www.bbc.co.uk/news/technology-42237162
Before you think i’ve gone mad, remember one of the business problems Blocknum is supposed to solve. Speeding up the transactions.
With Blocknum you can have as many CryptoKitties as you like....
Yes... IF...... it goes ahead, and they sell enough coins
I knew zero about ICOs / blockchains etc a few weeks ago.. read quite a bit over the last few weeks. The process runs something like this
Coins are created, (done. 10,000,000 sitting ready to go)
Targets are set for the offering including the minimum (500,000) in our case.. (decided , but not formal yet)
Pre ICO, in which the minimum is nearly always reached
Actual ICO.. in stages with various discounts.. every one i looked at makes 20+ million, but hard to compare.. (fingers crossed on this one i guess)
After the ICO, i think the coins can still be sold, but I dont know what the rules are.
Still a LOT unknown, but considering we are getting this info from a site not even released yet, i think we are doing pretty well.
Forget to mention Nytex, i think thats ours too if it ever gets revived ( very exciting technology, but didnt quite take off.) with proper funding that could be worth another go.
Ipcs is UAMA
Uama bought TNW Wireless (another Benniott company), previously owned by Investel (owned by JAMM) , which is owned by Benniott / Trevor and family
TNW Wireless, has an service called iPCS.. i get the feeling they are dropping the TNW name, and just going with iPCS.
Iframed / ipcs / GIGA / Blocknum / TNW Networks ... We own it all...
Its worth mentioning, if you want to read up on this, the whole GIGA thing is an ICO, in truth its a lot more than just that, but it is an ICO at heart.
The whole point of an ICO is to raise funds without needing to either go out to Venture Capitalsts or selling shares and diluting company value.
Remember 80-90% is owned by insiders (closer to 90%), an VC / share dilution would cost them more than anyone. The ICO is a brilliant solution to get the working capital without selling out the value.
BVI simply means British Virgin Islands... there are many advantages, one been a Tax Haven, But in term of value for GIGA etc, no real impact.
Onto GIGA, this is my interpratation as to what they are trying to do, If you feel differently, please say, we are all learning here. Lets for arguments sake say they sell 5 million GIGAs at $10, so 50 million funds pour into Unitedcorp. 5 million Gigas are also held by individuals with a provisional value of $10 , but can go up/ down
Giga is a FiAT currency, which means its based on real world commodities, in our case 1GB of data.. United will try to bring onborad many suppliers to accept the GIGA, but initially, just IPCS...
So if someone owns a GIGA, pops it into their iPCS wallet, they can use 1gb of data, and that GUGA now belongs to Ipcs / Unitedcorp to be sold again.
Its great as United is always the full value of the coins it gives out ahead.. they have 50million before anyone uses any data / services, even as they start to use data, the coins can be sold again.. Even better if other suppliers get onboard, we dont even need to provide the service. The 3rd party will provide the 1gb, and then sell the coin so it gets payment.
If it really takes off 5 million coins wont be enough, more will need to be put into circulation which gives UnitedCorp more upfront funds.
Your thoughts greatfully received.
ETH value around 458.. 35Gigas per ETH make each one worth about $13, but sold at discount during the TGE event.
In all slightly higher than the place holder we had before. So if all 5 million are sold i think it shoutd be in the 40-50 million range... (best case senario) with another 5 million held back in reserve.
This is going to have a huge impact on us. We could well be at $1+ by the end of the year if this goes as planned, and its reflected in the stock price.
GLTUA
FromtheUK
Lots of changes, and looking like the launch will be Dec 10th..
Surprised, i thought they would go in the new year, but cool...
When the giga sale does get going, we can monitor progress here.
https://etherscan.io/token/0x07df7f1d19b766ff8bfed2b5018fe0601333ed38
At the moment, all held by the same owner, ready for the off.
Just did some basic maths..
They are creating 10 million tokens, and trying to sell 5 million of them initially... depending how early you get in it will be $6 $7 $8. I took the middle as a average .. 5 million * 7 = 35 million .. but 30-40 used, as its not exact.
Caution over this of course, as the sites not realeased, and all of this detail could be placeholder.
The 1st December was cetainly for testing the timer out.
Declared in PR, not a requirement, but they cant hide it entirely in the filings.
It really depends what was agreed, or maybe they adjusted the text with a view to formally announce when they feel the timing is correct.
I agree totally that it ‘should’ have a PR, if only because there were so many on the disputes.. they is howe er no requirement. Its upto them.
I could also be reading too much into what amounts to a line of text.. I guess time will prove me right or wrong.
BTW DevDennis available over the last couple of days.. had a much better chance to read through. Im no expert on Blockchain, but I think i grasp the general idea of what they are trying to acheive. Have a read through on both the GIGA and BluckNum. And also the 2 business problems they are trying to resolve.
In the latest PR, the desription of UntedCorp has changed from the previous releases.
UnitedCorp is a Florida-based holding and management company for telecommunications and information technologies networks and operations. The company operates patented and patent pending iPCS technology, as well as the iFramed social media technology currently used by SNAP Inc. (SNAP) and Facebook (FB) for their respective geo-location-based image posting overlays. The company operates fixed and wireless telecommunication networks, as well as other proprietary technologies in Telecommunication and IPTV.
I read that as the Patent infringement cases with Snap / Facebook are over, and they BOTH paid up... ie they are now licenced.
Surprised this wasnt PRed, but that may have been part of the agreement.
If thats correct, they should now have at least some opperating funds, so the SEC filing may be in the works. First step to getting off the Pinks...
Reading the newer content, they seem to be raising 30-40 mill to launch iPCS, there was also wording around BlockNum. It wasn’t massively clear, but it looking like we are adding funtionality to the Etherium BlockChain model using phone numbers as the Crypto key..
We will need to analyse this properly when announced, but if correct could be a huge development. BlickChain and the business around it is on Fire...
The site was locked again before i could read fully, but if you access the devdennis site again, note the BockNum reference , (not ipcs) and the new logo
If I was to guess what this is really about in practce, is a new model that help companies with ICO offerings, for which iPCS will be the first.
We shall see (im probably wrong)
FromtheUK
DevDenis has s abailable again, and there is a LOT more info. The sire is looking in much better shape.
I would guess its a couple of weeks away from been complete.
http://devdenis.teliphone.com/faq/
Read quick before its taken away again
Well the Devdenis site now has a nice message, no more access for us until it’s done.....
We are currently working on a new website and won't take long. Please don't forget to check out our tweets and to subscribe to be notified!
Good to know the management are keeping an eye on us.. (Hi guys)
FromtheUK
Something else I spotted, and read up on. Note on the new iPCS landing page (unde construction) the suffix is .vg.
This is for the British Virgin Islands. This is important. The British Virgin islands are one if the few domains that allow registeation from companies that are not based there, as such it is often picked by companies that dont want to be associated with a particular country.
In our case, I think this is a big clue that iPCS is targeting a world wide servce offering, not just something based in a small part of Canada
Hope I’m right.
Have a quick look at
http://www.ipcs.vg
I suspect this will be the proper landing page for the site we can access on devdennis... worth keeping an eye on it.