Slow and steady wins the race
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I agree. I have had my doubts but he’s proven me wrong before. I thought they would have gone under a few years back. Even told him as much but 3 years later the company is still here and is now delivering products and making money. I honestly didn’t think this company could have been turned around. It was in bad shape.
Yes we will. Only a few months left in the year. I could be wrong. Been wrong before many times in my life
Doesn’t bother me because the number was accurate for that quarter. That’s what thy quarterly report is for. Sweating the small stuff ain’t going to pay the bills but that’s par for the course on these boards.
If he pulls this off everyone here calling him a crook or stupid will then be singing his praises. Why not just be patient and avoid all that mess. Too much stress here folks. Lets keep it positive and maybe even help the fellar
M&A: Merger AND Acquisition. Couldnt he just sell the company to another public company and then just assume control? Why do I think that? Because thats how they went public initially.
I have been saying this for months and many thought I was crazy but after this recent letters and the timing I really think I am right
Ski, hes doing a merger. At this point its even more obvious. I have said all along that we need to identify the merging company. Its boing to be a public company and a company that has something either they need or that company needs. The pps is almost irrelevant as far as im concerned becuase they obviously want it down for the conversion.
Think about it, it seems hes not worried about the pps, wont do a AS or RS, increased AS to JUST 1B? Why didnt he do 2B or 3B like most other pinks? he chose that number for a reason and is refusing to go past it or do a RS. No RS because he cant! If he does he would have to wait at least 12 months before applying to NASDAQ or NYSE! He has said for 2 years that he was uplisting in 2 years and all of a sudden the AS is maxed out, pps does really change all that much and trading volume is consistently over 8m a day for 2 years. He finally has revenues, assets and trading volume! The only thing he needs is the pps to go up and the fastest way fo rthat to happen would be a RS BUT that would kill liquidity and pps would drop, SOOOOOOOOOO A MERGER is really the ONLY option.
If that doesnt tell you hes uplisting I dont know what will!
Oh I am sure that some on this board will call me Alex, say I am pumping, call me crazy or a liar but you are smarter than that. Think it through and tell me if you really think I am crazy
I did and he said there is no reason to increase AS or do a RS and he wont do it. I asked how that decision will effect the cap structure and he said it will only help. Time will tell.
Keep in mind the only reason to do a RS is to issue more shares at a higher price in order to raise money and increasing the OS would be for the same reason to raise money. He said the company does not need money and has what it needs.
If enough is enough then perhaps selling out of your position is best. You dont want to let this stuff stress you and effect your health.
Progress has been huge in my opinion. A year or two ago I was on the verge of losing everything invested in this company now for the first time the company is headed in the right direction and is making money. I will wait to see what the next few months brings before I say I had enough.
The OS in the Q is correct. The thing that is wrong or misleading is the "as of" part. I would not have put that in but thats just me.
Just got off the phone with the man himself. I did ask if he received any calls or emails from shareholders asking about a few things. He said yes and he said he replied and responded to all. Nowammies you might want to check your email because if you sent him an email he replied.
I asked about the increase in A/S and why they made a mistake on the Q. This is what he said basically:
The Outstanding share count was not wrong. The Outstanding share count in the second Q disclosure is for April through June. Since the second Q there was a conversion from a 3a10 done last year which we all knew about. He also said he does not control when they convert.
I should have figured that out and I felt stupid for asking after he explained it. He also said that there will be no increase in A/S or a R/S.
I told him that people here didnt like the letter and are screaming the sky is falling. He said he didnt know why they took it so badly because a lot of progress has been made in the past 6 months and in fact the past 2 years. I asked if he would be willing to elaborate beyond the letter and he said that when it was "appropriate" he would go into further detail.
We discussed several things but that is the basic stuff.
I am sure he has read it or will. He usually gets back to folks pretty quick. Never seen a CEO like him. Its one of the things that impresses me about him. He always responds and responds fast, is always professional and takes calls. Most CEOs dont do that
Damn good point!
Has he responded yet?
I am sure it has something to do with costs and getting them sold. I would call and ask if I was you. You have been around a long time and I am sure he would take your call
aint nothin silencing this corowd fella. They live for the fight. lol
I 'll tell you what, I wouldnt put out a lot of news either if every time I did I did so everyone went crazier than a heffer in heat. Especially when the news is actually pretty darn good!
I have a call out to him. She said he would call me back later today
oh boy Tyaz
NextCast delayed their release not UAT and its set for end of year. They said that a few while back. I disagree that we have gotten two updates a year but I understand youre not happy and why. Up until this year we use to get plenty of updates. They shut it off for a reason and I believe its because of a merger or uplist. We will see
They are doing one product at a time from one division which is smart. It would be suicide to try and spend on multiple products
I do love me some good potatoes. lol
That said, I think if it werent for Mr. Umbra most of us would be holding $0 because most CEO's would have quit and closed up shop. IMO. Its because of him that the company is still afloat and I havnt lost all of my money.
Nothing against your potato fellar you want to hire but I am going to see what this CEO does to finish what he said he started. Either way one of us will be proven right here shortly right?
I think they have been generally transparent up until recently and I think it is intentional. I am willing to wait and see why. Only a few more months left in the year. Thats just my thoughts but I can understand why you would want more info
I dont disagree that they have an public image problem. My point is that they are in the middle of fixing it. The CEO has a tiger by the tail and has made progress so I am sitting tight to see where he brings this company. As long as I see progress I am happy. For a while which for me is through Q1 if next year. If he hasnt gotten this thing where it should be then I am out. So far so good though
I have no idea. I am sure he doesnt do it all. At some point you have to trust those around you to do their job. Guess something slipped through that cracks. Not great
Mismanaged funds? You cant be serious? The company was almost dead and now they are in year 6 with profits. Instead of doing a million products they are focused on one, AGAIN with profits! Mismanaging funds would be spending money on trying to manufacturer and sell multiple product lines all at once.
I seriously doubt that their tech is obsolete but we are entitled to our opinions. lol
LOL. Odd how that works aint it?
The 3a10 was disclosed and explained. It was actually quite simple. They paid debt. Same as every other company that uses the exemption.
The company has not said it was increasing the A/S. Thats folks here spreading speculation and rumors.
The funny thing here is that everyone complains that the company is not evolving quick enough or changing fast enough yet this board has not changed at all. lol. loosely formulated speculation made worse by those who intentionally spread bad info. Dont believe all the negative or all the positive. Down the middle and watch the progress
Nothing substantial? The company has:
1-Increased revenues (company had no revenues for 5.5 years & now have them in past 12 months with increases quarterly)
2-Have a product in the market with 99% customer satisfaction
3-The companys first ever product sold out on website
4-The company product has more applications than I can imagine
5-Their marketing has been HIGHLY effective (google ranking)
6-They are investing over $1M in expansion
7-Are moving into additional warehouse and office space
8-Are launching 20 types of products to sell for Christmas
9-Have funding to build new headquarters
10-Have obviously hired more folks
11-Company has done all this while preparing for uplist
Most of that is just in the past 6 months! I think we need to get some perspective here. 2 years ago the company was almost bankrupt! Seems to me that they are doing what EVERY investor would want which is turn it around and create value. Thats what it looks like they are in the middle of doing. You wouldnt go up to your builder and tell him that the house looks terrible as they were breaking ground would you?
They clearly have had news for months and have held back. Its intentional. They waited until yesterday to tell us everything they have been doing. That tells us they are holding back and the timing just wasnt right. My guess is they are going to start leaking out more news leading up to the big stuff
I have to agree with you on that one. Very odd considering how they usually do things. Almost seems intentionally written to down play their progress. I really do believe they dont want the PPS to go up. Must have something to do with the merger process and how they intend to pay for shares when they merge or sell. Your guess is as good as mine
I suspect that we will be told in either next Q or end of year. They are not going to tell us until ether are done doing what they are doing. My guess is that we will know a lot more after they up list or merge. They have to if they are fully reporting
The chances of that happen are almost zero. I have discussed this with him more times than I can remember and he will not do a R/S and the 1 billion A/S was done for some reason he will not discuss. Thats what gave me the hint that they are trying to match another companys cap structure for a merger. I went through this before with another company
That is actually a god question. I do know from experience that Mr. Umbra typically has personally guaranteed loans or financing for the company in the past. I believe he has substantial assets of his own
How many products should they launch at once? They are launching 20 SKUs for Christmas. If you do too much at once you will fail. If you do one thing and put all your energy into that one product line you will be successful.
I spoke with CEO sometime back and he said almost that same thing to me. They are launching one product line at a time but he made a really good point, he said every time they do a product they have to have raw materials supply chain in place which takes money; they have to have packaging designed and supply chain for that in place, which takes money; they have to hire folks to design, package, ship and provide customer support-which takes money; they have to quality test, which takes money and they have to have the infrastructure such as space, which you guess it takes money! At some point you run out of money. He said you build one layer or product line at a time and you will be successful but if you try to do too much you will fail. Take Apple for example, with over $200 BILLION in the bank and they launch a dozen or so new products a year with various SKU's and they have been around for 40 years with over a billion products in the market. UAT is 6 years old with building capital and a few thousand products in the market. They just started!
You have to admit the man has a point. At least it made sense to me and gave me some perspective.
I wouldnt worry too much about the fixator Ski because he has said repeatedly its coming and they are doing biotechnology department first. Maybe you should call him and get all of us an update?
Looks like these boys have been busy making some money and getting this company off the ground. They have been holding back a lot. This has to be the beginning. They held back news and now all this? I might have been off on the timing but definitely looks like they are moving forward and picking up the pace now.
They obviously have financing in place if they are buying an office and warehouse. Been a long road but it might be a good Christmas
The only thing available on Amazon is the 6 pack on Prime. That means that the 12 pack and 3 pack that were on Prime sold out and are only available to be purchased and shipped through the company. I checked into it with Amazon and UAT. UAT said the were shipping the white socks and the black socks out to Amazon to replenish their inventory
I think they sold a lot more than 5,000 pairs because they said they brought in 10,000 pairs. Last I checked they sold out of the socks on Amazon at some point correct?
They also do Intelligence consulting with government I believe or that might just be Mr. Umbra on his own. He wont discuss it at all but the company did do stuff during the Baltimore riots and occupy wall street years ago. they have a computer program that can find folks or let police know where things are happening during riots. I havnt heard anything about it for a long time. They dont talk about that stuff for some reason
Company said they are not partnered with Noble if I recall
Very possible and good point
I meant O/S increased.lol