Slow and steady wins the race
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He won’t say anything about a merger. He’s very careful in his choice of words but he said things are on schedule. In my opinion it’s coming soon.
That’s a tall order but you never know
I can tell. More of the same
First draft was incorrect then the attorney had a family emergency. I believe letter is getting posted this week. CEO is not too happy about it. Apparently this should have been managed by others in management and a mistake was made. CEO caught it and requested fixes.
I have the new socks as well. Gave a bunch away when I got back. Everyone seems to love them. Quality is good like the white ones and hp look good as well. I think the pillow and the rest of the line are going to do very well
I think we are headed in the right direction. Things seem to be going well
I did actually. Spoke with him mid week. Looks like things are progressing.
Well once again I come back to more fake news. lol. Socks are real as well as everything else. Clearview was already on the market previously. That is a fact and there are many pictures to prove it including a video of the surgery being performed. There is also a video of the implant surgery.
There are also videos of the CEO being interviewed where he shows on camera the implant, the crutch, the textile, the clearview, the battery, etc.
There are also many pictures of the rifle and the rifle being tested by the CEO. Pictures of the bone pin are on website as well
There are videos/commercials that show the laser and other technology as well as pictures on the website showing their computers or data center.
I think your DD is lacking and you may want to dig a little deeper
You were right. They are waiting on revised attorney letter. Just spoke with OTC
I would an alternative reporting company need an attorney letter? I will call OTC and see if they will tell me
I missed that. Very good point
You assume too much. To be fair you could say the same about me in this instance but how do you know that they havnt had a shipment delivered in the past 30 days or so? Also, the small inventory carry that they have tells me tow things:
1-They are definitely selling socks left and right
2-They are managing their inventory and cost control very well
It would be much worse if they had little revenue and 1000's of socks left in inventory. That would be a waste of capital and would indicate serious issues with managements ability to manage capital, manufacture product and deliver products to customers.
Thats legal liability BS and you know it. The company is covering their rear end probably because the lawyers told them to put it in. Also, lsses are not new and have been around for 5 years. This is what we got from those rotten eggs that the CEO fired 2 years ago. Now look at the company! Seems to me the CEO was definitely the solution
So they sell through almost all their inventory and you see that as bad? How do you know a shipment isnt coming in or hasnt already arrived sinc this data is for LAST Q?
Yield will be down tomorrow or Monday. Filings are posted so OTC has a day or so to take it down
Come on Rock. Youre a smart guy. They will use their credit lines. The CEO is conservative. They use their lines with little to no carry costs and pay them off as they sell inventory. They are selling 72 pairs a day 7 days a week on average. Its just the first Q and its only one product. They have reduced debt by over $600k and made more in one Q than they did all year last year. Even you have to give the guy some credit!?
We are headed in the right direction as far as business goes. PPS is another story.
You are stuck on a reported cash position but not taking into consideration their credit lines they have access to fund their inventor and manufacturing.
You are exactly correct. The man decreased debt and increased revenue. This is what we want
Thats accrued and was last Q. We do not know where they are at today but UATG has always kept cash either off books or with investors so they dont have to extend debt. I know this because I was one of the investors. They come to you on an as needed basis if and when they need cash. Its smart this way they are forced to run lean. CEO is VERY conservative when it comes to cash.
Looks like company made over a $100k this past quarter, more than the entire last year revenue. Not bad. If my math is correct that means they are selling around 72 pairs of socks a day. That is a really good start. With the other products being launched we could actually see some real progress with revenues
Filings are in! I just checked. Here is the link. I am going to read them so give me a few minutes
https://backend.otcmarkets.com/otcapi/company/financial-report/192368/content
The company told me the updated filings were already in the hands of OTC and were probably still in review
I completely agree. To me this sort of behavior indicates that they are juggling a lot, are under staffed and playing it too close to the cuff. They think they are going to have certain things in place but by time the next filing comes around they release that they are behind schedule. The problem in part is due to this CEO's overly ambitious time schedule. They are trying to get too much done in a short time frame. I give him full credit for what he has been able to accomplish in just 2 years but to release all these new products, audit the company, merge with a company and uplist all in the same year is beyond ambitious!!!! He needs to be more realistic in my opinion but of course I am rooting for him to actually do it. I just have some doubts about all of it coming to pass over the next 7 months. Its a lot
Oh I misunderstood. I made the same point in one of my reply posts to the same false post. I apologize
"Massive" selling? Massive? This is the word you are certain you want to use? You sure you are on the right board? What are you talking about?
This is why the company views the pinks the way it does and why every other exchange doesnt take OTC seriously.
I think you are looking at the wrong Ticker. I only see 218K shares traded today
Been away for a bit and thought I would check in to see if anything is new. After reading a few posts I have to be honest, I enjoyed the break from the board.
So now I am here I guess I can just dive on in for a few while I am waiting on lunch. Silver has been around since ancient times as a wound treatment and was used during the civil war. This is not news nor is it evidence that UAT is late to the party. Rotating fans have been around for centuries does that mean the Wright brothers were late to the party on flight? UAT NEVER claimed to have discovered the antimicrobial properties of silver. They claimed to have a new manufacturing or application process that made them able to create various products or apply the technology differently which they obviously did considering they only have 3-4 silver competitors most of which are literally 3x more expensive and or an inferior product. I bought them all and compared. The CEO himself has said as much I believe.
As for the Yield sign, I spoke with company and they told me that the filings were not approved last week by CEO and needed to have information removed from them because he was not ready to make certain information public yet. Apparently the information NOT in these filings will be in the next filing. They told me not to worry because the expect the Yield sign to be off by Next week after it is reviewed and processed. Makes me very curious and adds to the mystery as to what they are up to.
A pink sheet having a Yield or Stop sign is nothing new and is VERY prevalent down here. Do a search on OTC companies and tell me how many you find with a Yield sign? lol. As the liberals would say, there is no there there.
Maybe. I think most of their secret stuff is done out of Austin and Nevada but I know Lockheed is out there so who knows. I didnt ask.
What makes you think he isnt? Under armor is a bigger company but you cant be seriously upset with a CEO that actually takes the time to ensure quality himself? Perhaps one day he will not be able to check every little thing but until then we should be grateful he pays attention to everything he possibly can
I will have to get it from my wife. Lol. I know he goes to Southern California because of the Navy Base there. He has friends he still speaks with out there.
Depending on how busy he is he sometimes takes a day but never more than that in my experience. CEO is very good about that.
When I spoke with him yesterday he mentioned he will be in California on Friday for a meeting but will be right back to inspect the shipment of socks that are expected next week. He wont let the socks be sold until he checks the shipment so he has to be back in order for his shipping people to be able to start fulfilling orders. I expect we will be able to start buying socks next week or week after? Not sure
send another e-mail but ask for the CEO to respond since you did not get response. He ALWAYS responds!
It won’t be a r/s. IMO
We won’t know until we know cap structure but it really doesn’t matter because the dollar value of our shares will remain the same. Most likely it will actually go up in our favor because purchasing company will most likely pay pps premium.
Well we can’t be sure but my guess based on what we figured so far is UAT will be bought not UATG
We are headed in the wrong direction but that wont matter if there is a merger. Price could go from sub-penny to $5 overnight and I think that is exactly what he is going to do. We will see in 60-90 days wont we?
What do you think hes been doing? You dont think he has improved shareholder value of the past 2 years? stock price being down does not mean a CEO is doing nothing.
I posted this before:
5 years ago the company didnt trade although it was at a higher pps, had only a handful of shareholders, had no money, no revenue, no ability to deliver a product, no products, no market liquidity, crooks in the hen house, hemorrhaging cash, no interest in the stock and almost went bankrupt.
5 years later the company trades 10's of millions shares a day, $500,000.00 a month, actual market liquidity, actual market interest, revenues for the first time in 5 years, is actually delivering a product to consumers for the first time, is in the process of delivering a full line of products, has cleaned house, hired professional marketing firms to market company products, hired auditing firm to uplist, settled all their debt off the books, has 1,000's of shareholders and has been very consistent about their intentions to uplist the company. On top of all that most of this progress has been made over the past 28 months!
Progress has been made and the man turned the company around from the brink of failure. You may not like the pace at which he did it or how he did it but this company would be bankrupt and closed had he not did what he did. That is an ACTUAL fact and not a theory based on a very limited understanding of this investment. I am not happy about the price or how long it is taking to get profitable but I am a fair enough man to admit that what this CEO has done under the circumstance he has had to do it is VERY impressive and practically a miracle. Most CEO's would have quit and closed up shop and they probably would not have been wrong. This man just doesnt like to quit and doesnt accept failure. Thats the benefit of having a military man at the top. We should be supporting him and trying to help him. After all its OUR money on the line isnt it? Why would we want him to fail? Wouldnt we be shooting ourselves in the foot?
Acknowledge? Why would he have to? Its very obvious isnt it? I dont think he misses much never mind something that is probably staring him in the face on his computer screen all day. Do you know many CEO's that dont watch their stock price? lol
I called office and e-mailed CEO yesterday. Finally got a response. I am not going into what his responses were as many here have had some very negative feedback on the responses and the validity of those response. I would STRONGLY suggest for those who are actually interested in what is going on to call the company and see if the CEO will speak with you. He has a way of explaining things that make sense although some here will just say thats a good con job. One more reason I am not going into the conversation.
As I said in an earlier post the pps of the company buying UAT will dip slightly while some sell off occurs. it will most likely be minimal thanks to the conversion and minimal amount of shares that the UATG flippers have the ability to sell. After the sell off the price will recover and then go green, Most likely a month or so. Thats why I think they are going to convert at a higher pps or more than the minimum required to uplist. Just makes sense and I have to believe that anyone who came up with this strategy took into consideration that a sell off would occur. There are many factors that we dont know yet so I am speaking generally and making a few assumptions but the general strategy is sound and my hat is off to them for coming up with this if this is in fact what they are planning. The time to buy and make real gains will be right after the dip