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A weak $21M contract is not cash. Didn't read cash with order or any pre-payment in the press release so UAMA either finances from cash on hand, or raises expansion capital. Some posters either seeking to create fraud or ignorant on how business works. Makes me think they have really weak knowledge and/or business experience.
UAMA has no expansion capital. Produce the overdue financial reports.
UAMA CEO serves without SEC Waiver. Financial reports overdue back to 2017. SEC should halt trading and sanction or indict UAMA CEO. UAMA CEO convicted on over 40 counts of stock fraud and market manipulation. Justice overdue!
No credible evidence of upside for UAMA! No working capital, no access to expansion capital due to past performance and conviction of CEO on over 40 penal counts of stock fraud. Management team has never built a business of enduring value. Any real company would jettison this CEO!
Convicted UAMA CEO and his team have never built a company of lasting value. Beware of unsubstantiated claims of cash flow and profits. Bankruptcy court records clearly show Benoit Laliberte, CEO and his team lost $40M in recent years. Do your own research and read the court records and pathetic pleadings of the CEO. One Canadian Judge went on the record criticizing Mr Laliberte's regular business practice of breaching agreements and written contracts. Nothing but bad news from this management team.
UAMA in crash and burn stage.
No credible evidence of any upside for UAMA. Bankruptcy has hollowed out their working capital, their employees and Receivership of the touted parent company, Investel Capital Corp. Even assets and IP in the hands of Receiver awaiting distribution to creditor to satisfy security agreements. Court proceedings continue on both bankruptcy and separately Receivership. UAMA's CEO makes regular pleadings that are correctly recognized as untruthful by the courts.
Supportive posters complicit in promoting fraud.
UAMA is in free fall. Claims of $21M by other posters laughable. Factual basis is a contract with an unknown company with unknown financial capability. Smoke, mirrors and pure BS. UAMA is out of working capital and in free fall. Can't even keep TNW Wireless network operational to meet ISED Conditions of Licence.
Where are the year end financial reports for UAMA? In free fall, no working capital, no cash flow and desperately trying to raise capital. Mr. Benoit Laliberte, CEO convicted on over 40 counts of stock fraud and stock manipulation and his reputation has made him personna non grata and no lender wants anything to do with UAMA.
UAMA CEO failed to divulge convictions on stock fraud when he took up position as CEO of United American Corp. and he serves in that position without required SEC Waiver.
Court proceedings suggest UAMA weak and fading fast! No access to expansion capital!
UAMA CEO and management team have never built a business of enduring value. NEVER!
UAMA by any measure has no value! No meaningful working capital, no marquee accounts or even market traction, no cash flow and no earnings.
Fraud exposed and supported by facts. Name calling by supporters is best indication that this poster is on target.
Fraud Alert! UAMA CEO convicted on over 40 counts of stock fraud and stock manipulation.
UAMA CEO convicted for stock fraud. Over 40 penal conictions in a Quebec Court, upon appeal. No evidence he ever paid fine and rumored to be a personal bankrupt for the past 10 years. Would you trust this CEO with your money? Research the bankruptcy of their largest subsidiary. Amassed over $40M in debts and largest subsidiary sold by bankruptcy trustee to partially pay creditors. Most employees went with sale. Investel Capital Corporation, the touted parent central to Snap patent litigation, in Receivorship with all assets including Patents and IP in hands of the Receiver. Follow the Receivership court proceedings in BC Supreme Court and separately the bankruptcy proceedings and read the pathetic pleadings and maneuvering of Benoit Laliberte, UAMA CEO and the creator of this mess. UAMA is rumored to have little cash and no meaningful cash flow. Bankruptcy has hollowed out this enterprise and the management team has yet to build any business of enduring value. Financial reports are overdue and will turn out to show what a weak financial footing UAMA has.
Benoit Laliberte UAMA CEO directly involved in Bankruptcy proceedings with former susbsidiaries. Benot Laliberte involved in BC Supreme Court proceedings as part of Receivership and desperately trying to save critical assets.
UAMA CEO convicted of stock fraud.
Bankrupt and in Receivership.
UAMA subsidiaries claimed by UAMA CEO as largest independent telecom provider in Canada sold to pay off creditors in bankruptcy proceedings that are still underway in Canada. That sale effectively stripped USMA of any cash flow and hollowed out the business. Investel Capital Corp. the highly touted parent company now in Receivership with all assets, including Patents and IP in hands of Receiver. Where's the value? No revenue, no cash flow and suspect no working capital. Financial reports overdue. Show us the money!
Where are the overdue financials reports? Bankruptcy and sale of largest operating subsidiary effectively stripped UAMA of any cash flow. Parent company Investel Capital Corporation in Receivership and all assets including IP and Patents in hands of the Receiver. Show me the accounting show me the money!
UAMA is a deeply troubled enterprise. Largest operating subsidiary sold to satisfy bankruptcy court and former touted parent company (Investel Capital Corp.) is in Receivership with all assets, Patents and IP in the hands of the Receiver to satisfy creditor security agreements. UAMA CEO was convicted on over 40 counts of stock fraud and manipulation and he serves as UAMA CEO without divulging his background and seeking a waiver at the time of his appointment.
UAMA CEO serves without SEC Waiver. Given his conviction on over 40 penal counts of stock fraud and market manipulation his materially damaging background needed to be divulged to the SEC and State of Florida per statues. A formal complaint has been submitted to the SEC.
On Cryptocrap and Manuredomes, ask some tough questions. Latest Press Release is weak! $21M commitment from an unknown BC technology company with no stated resources. Show us the money! How much capital has been raised. Where is any credible evidence that power commitments are on hand? Where are Quebec approvals, especially from Hydro-Quebec.
Beware of fraudulent claims by other posters who wish to evade the facts. Are they complicit if fraud is found? Check the law, the SEC can ruin your day!
UAMA CEO serves w/o SEC waiver and subject to SEC disciplinary action.
UAMA is a train wreck. In bankruptcy proceedings and separately in the BC Supreme Court as part of Receivership proceedings.
Investel Capital Corp. signed security agreements as part of funding the CCAA proceedings (still underway) and assets, patents and IP in hands of the Receiver as they are now in Receivership. Any susequent sale or transfer would be fraud and it is all currently before the BC Supreme Court.
SEC problems go back to the date that Mr. Benoit Laliberte was appointed to the position of CEO of UAMA. At that time he was responsible to fully divulge his background of stock fraud and market manipulation. Doubtors should contact the SEC.
investors interested in status of the Patents and IP need to read the BC Supreme Court proceedings following the Receivership of Investel Capital Corp. the purported parent company. Truly illuminating and contrary to fraudulent information being posted on this Board. Much of the patent portfolio and the IP now in the hands of the Receiver. Caveat Emptor!
Quebec and Hydro-Quebec should reject any proposal from UAMA. Laliberte was convicted of 40 counts of stock fraud by a Quebec Court, no evidence he ever paid the $900,000 fine and according to a Canadian Judge Benoit Laliberte makes a business practice of breaching written contracts and agreements. PQ should declare Benoit Laliberte and any business he is involved with as personna non grata in Quebec.
stated Benoit Laliberte, CEO of UnitedCorp. "Operators need to locate potential sites, have their proposals vetted by Hydro-Québec
Giovanni is correct. UAMA is US public company with securities regulated by SEC. Hopefully the complaint already on file with the SEC results in prosecution. No waiver, flaunting SEC regulations along with past convictions may just result in jail time for UAMA CEO, which he would have received in Canada if the case were heard a year later. Bring on the fraud and let's send him away.
Deja vu? Convicted CEO's latest fraud?
Appalling ignorance suggesting upside for UAMA. Show us the money submit the overdue financials.
Unsubstantiated claims of upside are potential fraud.
Supporters of this fraudulent CEO are appallingly ignorant of both the facts and the law.
Any real company would replace convicted CEO.
Investors Beware! CEO convicted on over 40 counts of stock fraud. Perform deep due diligence and be sure you understand devastation of bankruptcy (still ongoing) and Receivership of parent company and resulting risk of loss of all key assets, patents and IP. Given evidence and court documents any potential investor, supplier or lender should proceed with extreme caution. Caveat Emptor.
UAMA CEO convicted on stock fraud and serving without SEC waiver. Complaint filed with SEC.