Slow and steady wins the race
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I agree. Remember Jeff Bezos? They were calling for his head while he restructured and spent on infrastructure. Where is AMZN now? lol
some of what you are asking about was in an interview and others were responses to questions some of us asked him. I dont think a press release for every conversation is necessary. Plus much of what I said about merger is my own speculation based on the evidence and not from anything he said. He doesnt want us to know what hes doing until after its done. Its what companues do
I said IMO. No one knows how he is going to uplist but all signs point to a merger IMO. I have posted this before. I could be wrong but I doubt it. Its how they went public initially and it makes sense. Its quick, doesnt require a rs which we know he hates and it can be with a OB/QX/NYSE company at a higher price. Its actually quite smart
I doubt very much that their opinion has changed. Hes in DC frequently
He never said he doesnt care about shareholder value. He said the pps was a concern but is not the highest priority at this time because he felt that if the company delivered products and revenue the pps would follow. IMO he is in the middle of the uplist/merger which is all about shareholder value. The reason he has changed cap structure previously and paid debt off should be an indicator. He is not increasing a/s and chose the 1B number for a reason. Hes matching another companys cap structure and is uplisting through a merger. To me at least this has become obvious over the past year. Look at what hes done to date. Its all long term planning with this guy. Its chess not checkers and it seems to me that hes pretty dern good at it. Look at where this company was 2 years ago and where it is now. They were on the verge of closing and now they are on the verge of uplisting with revenue and financing in place. Thats pretty dern good where I am from.
I do not see why folks are waiting on a shareholder letter. To me its obvious that they wouldnt put one out until after the merger/uplist. Why would you? You are just going to have to put out another letter to explain everything right?
I think we will see a press release first. Bashing the CEO to sticking to a plan that protects the company from flippers is a little strange to me. If you are an investor thats holding long term than a media black out for 2 months shouldnt be an issue. Hes not keeping us in the dark as much as he is keeping the flippers in the dark. IMO
How many press releases does AAPL and AMZN put out a month? If you think like penny thats what you will earn. CEO has clearly said repeatedly that he will not put out press releases like a pink and will behave more like a senior exchange company. Thats why you dont see weekly or monthly news.
I had someone ask about dilution because of OS increase. I don’t think it’s dilution. I think everyone is forgetting what happened with Alpine a few weeks back. That all happened in the middle of the company settling debt. We called and asked and they said there would be no more shares issued from the company beyond the “current” commitment. That was at the time. They also have said repeatedly they are not increasing the AS. We have discussed many times why they chose 1B for the AS and it’s my opinion it’s to match the cap structure of the merging company. Said that some time back.
What ever was not completed when Alpine got shut down very well may be resolved and they are finishing what they were in the middle of. This of course is JMO but someone should call and ask. I’m not worried about it because I actually don’t think the pps is going to matter much longer. I stand by my opinion that the company is merging in order tonupkist so the pps won’t matter much
I wish I knew. Believe me you, I wish I knew. I have spoken to the CEO and a few others at the company. Everyone is tight lipped. CEO runs a tight ship. Doesn’t stop me from trying to find out but I have come up with nothing. My guess is we are going to find out all at once and then things are going to happen fast so none of us can really react quick enough. The only real hope we have is that they are required to file an 8k to announce any sale or merger. That’s about as much notice as I think we are going to get
I think he is. He has stayed the course through some rough times and is seeing it through. I think many others would have taken the easy way out and either quit or just started company under new name and recapitalized. If it was just about money, that’s what most pink CEO’s would have done. He stayed and fixed things. The man doesn’t like to lose and doesn’t quit. Probably because of his military background.
He called me last night to return my call and text. He said jury selection just began and is going slow. He wouldn’t tell me what the case was about because he was told not to discuss case. Must be a serious one I guess. He said he has been called for jury duty 3 times in 4 years and they never keep him so he’s not too worried about being tied up for too long.
I guess they don’t want a government on the jury. I can only imagine what a defense attorney would be thinking when they question him about who he is and what he does. They probably can’t get rid of him quick enough. Lol
From the folks we have spoken with, yes. He is in Washington frequently and has high security clearance. I’m not sure if he still does it but a few years back I know he was consulting with a few Senate and House Committees on international things. He has also travelled with government officials or in behalf of government in that capacity. I’m. It sure what his specific expertise’s are but he has been doing it a long time and at high level. He was special forces and worked in intelligence so that has to count for something.
He’s very well respected in Washington and has some pretty high level relationships. He’s also built and sold two private companies that were very successful. The man started UATG with his own money and brought in 30-40 investors as I recall, after it was up and running. The investors he brought in were friends and people he served in military and government with. Years ago when my partner and I had our attorney do DD on the company he told us their were attorneys, doctors and high ranking military and government folks (Senators, etc) invested. Folks that Mr Umbra personally knew and brought in.
I would also say that everything he told me he was going to do he has either done and completed and/or seems to be in the process of delivering. The folks I spoke to that know the man told me if he says he’s going to do it , he will. I am inclined to believe them because that has been his way with me from the beginning. Reputable guy just maybe too ambitious which is why things are taking so long. That and he had some bad roosters in the hen house working against him that did some damage and set him back. All in all seems like a good man that will eventually come through.
Another public company that’s in QB or QX trading at $5 or more.
That’s not accurate. Market cap has almost nothing to do with the value of a company especially in the pinks.
What you pay for an asset is absolutely relevant because if it wasn’t there would be hell to pay if you over paid for an asset using shareholders investment/equity. You can dispute its value but read the financials and what they have invested. Their assets are around $35M. The proof is that the banks obviously agree or else they wouldn’t have financed the company or its debt
I posted requirements a while back. UATG meets all but pps. That will change with a merger
Will have to be through a merger IMO
I thought he would go QB first but it makes sense to go straight to QX to save time.
He won’t specify but my money is on NYSE
I have posted the gap accounting practices before as it pertains to their assets. They do in fact have $35M in assets. Another way to verify is to looks at what they paid for those assets through acquisitions. It totals around $35m and does not include what they developed in house
Tough to say. They may be a maker on the company they intend to merge with.
They have had $35M in assets for a while. We will probably see an increase in their assets by years end
A lot of buying and upward support.
We will have flippers all the way up. So many came in at different pps. It will be a fight all the way up which is why they are probably counting on merger to reset pps at higher price
Possibly but someone else suggested that it’s ihubbers buying. It’s tough to say. I know company has bought some shares but they won’t say how much. That was months ago though. It could be them or could be ihubbers. This ticker has a lot of attention from many places so it’s anyone’s guess
Let’s just hope he doesn’t burn out. I have told him many times he can’t keep up this pace but to be fair he has not backed off for over 5 years so maybe he can. Lol. Guy doesn’t like to lose and he’s very ambitious as many can tell. He definitely has set a high bar for goals. We will see in the coming weeks where he’s at with things. Hopefully we hear about progress soon
He must be going out of his mind. That guy is a workaholic and is obsessed with the company. He literally works every day on the company. I can not even imagine how stressed that guy is right now with products being launched and uplisting.
Spoke with office. Mr Umbra is out of the office this week with limited availability. I sent him a text message and he just replied. He has jury duty!!! Lol. He must be going crazy not being able to work at full capacity. Let’s hope the guy doesn’t have a coronary.
I’m on hold with company now.
I was south of the border on business for a few days. Then took a break. Lol
Oh. So it’s artificial? Then why did OS go down? Has anyone called company?
I know he was in California and then met with folks in FL. No specifics
Nothing new
I am here. Watching this volume. I think company is buying back shares. OS has not increased and has actually gone down and now we see above average volume. Company is most likely buying. JMO
I appreciate that Tyaz but I am no expert. Made a lot of mistakes and learned things by doing. The hard way as they say. I have done a lot of DD out of necessity on this company ad its been painful at times. I am hopeful that the man at the top will do as he says.Met with him a few times now and hes been consistent about what his intentions have been, has always done what he said and always acknowledges his mistakes when questioned about them. Cant ask for much more than that, man to man right.
I think he will come through in the end but its obvious he underestimated how dirty the pink sheet business can be. Hes a quick learner and doesnt like to lose. Hopefully that will be enough to bring this ol girl home to pasture. A few months left so we will see.
I think we could potentially start seeing pps increase based on news the company releases but that depends on the news. I think because they are a few weeks behind that they are delaying news. When I spoke with Mr. Umbra he said the attorney opinion for the financials contained information that he didnt want released yet. They are trying to keep certain info quiet until its time to release it. He wouldnt say what that was but something is very obviously going on.
I think thats a great idea. Let us know what he says
exactly right. They are just not itemized and I am guessing that is intentional. They dont want anyone to know what their costs are yet. Smart considering how the folks on the pinks work. My guess is that they will restructure how they present their financials after the uplist or merger. JMO
Fellas, these statements are silly and you have to know that. Anyone who has run a business would know this. This company is not fully reporting it is alternative reporting. There is no requirement stating that any company MUST provide COGS for any set of financials under these circumstances. GAP accounting protocols would in fact require that COGS be included in computations but it is not required to divulge them publicly. I seriously doubt that the company is not aware of what its costs are and your assumptions of attorney having a problem with COGS not being included are just that- assumptions. As for fraud...... what do you base that on? facts, fantasy or hope to support a short position?
Good to see that noting has changed since I was gone but I had hoped for some to educate themselves a bit so they could contribute in an intelligent and helpful way. At some point doesnt necessity dictate that we get better at what we do if we want to be successful? Just a thought?
He was pretty irritated about the yield sign happening at all. He said it will be resolved before it’s able to be an issue. I’m not sure what that really meant but it seemed to indicate that something is going on and he was concerned that it be resolved before it trickled over and caused a problem for what ever he has going on. Just my opinion