Slow and steady wins the race
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
For a higher pps trading public company buying a lower pps company it makes sense mathematically. Also with a high o/s count trading at subpenny pps no company is going to buy a company and convert 1:1. It would destroy their market cap and pps. What do you think all these flippers would do if they had a million shares they paid a penny or so for and suddenly their shares were worth $2-$4 dollars. They would dump out of greed and destroy the share price and we would be right back where we started. Few shareholders here actually care about long term investments. It’s all about making a couple bucks a day so that at the end of the year they make $50k. Average day trader makes that or less. Very few make six figures no matter what they try to tell you. Unless of course you are a licensed professional at a firm. Those guys can make 7 figures but I doubt anyone here or trading UATG is at that level.
A company with similar cap structure is going to come in and pay a penny or so per share and buy us out at that premium. It will support their float what ever it is, have minimal impact on their pps and allow the flippers to dump without dropping pps significantly. Shareholders will actually make money from where their current pps is and those who hold will benefit from actual organic growth over time if the company follows through with the uplist and the acquisitions they promised. We will be better off rather than stuck where we are indefinitely. Conversions are good; r/s are mostly bad (not all the time but most of the time). It is the most logical move for this company if they are truly serious about uplisting and getting out of the pinks. I am open to suggestions about what other scenarios are viable but I don’t see how this company uplists this year any other way.
We will see what happens.
Everything I have said is true and why would I not support the man? He has literally done everything he said he was going to do. It might have taken longer than he or any of is expected but he has done what he promised me. On top of that all I see from the company is forward movement and progress. Again, slower than I would have liked but it is happening. The man IS working and is performing. Just because it’s not in our schedule does NOT mean it hasn’t and isn’t happening. These are facts. Lol at the past two years. You don’t see a turn around and progress? The stock price is NOT the entirety of ANY company. The price will recover and the company is actually doing what consoles are suppose to do. They make and sell a product or service and do so with a profit.
We will see if I was correct in supporting this company but my money IS on this company being successful. I don’t see why ANYONE here would be for anything less. That just doesn’t make sense and is very suspicious to me. What’s not suspicious is supporting your investment which I have in this company in spades.
You have confirmed this?
Hygieia is owned by UAT but the technology behind it might not be. I get the sense its a joint venture or something because he talked about licensing the technology to larger companies. That can ONLY be done if UAT has some type of ownership in the technology
I dont see CEO giving up control either. I think he will do what he did with the first m&A deal he did when they went public. He will take over the new company. Thats why I dont see it being a big company like Lockheed or Boeing. It will most likely be a lesser known technology company trading on QX or NYSE. Its a smart move and gets them uplisted quickly and clean
If Exploration is shelved then that might mean it does not have any assets which would make things easier and faster for M&A. UAT owns most of the assets as far as I can tell but you never know what structure is until you look at the documents. I will see.
Not sure pps is going to move all that much. I think the lower pps favors an M&A agreement. My guess is we wont see the pps move too much past 0.005 and they will probably do agreement at a premium pps of around 0.01-0.02. Keeps acquisition costs low and favors a tight conversion that they company can grow with. Of course it is pure speculation on pps because we do not yet know the terms of the deal or pps of new company so its a guess really. I think we can count on a favorable premium on the buyout and a pps after the conversion somewhere over $5. That gives them the room they need to uplist the real money will be made in those that buy after the dip. My guess is I will buy more around $4.70-$5 depending how big of a hit we take from the pink traders dumping early. Time-frame has to be within 90 days or so depending on how long it takes them to announce, file and get approval. JMO
I think they ARE merging with a public company. It will most likely be a QX or NYSE company and it will be less of a merger and more of an acquisition of UAT and Umbra Exploration although I need to research UE to see what it is they actually do and own. JMO
They are not $500k delinquent. You didnt read everything I wrote. When they refile they will do it according to par value most likely (or some other low evaluation) and only owe a couple thousand dollars. COMPANY'S GO THROUGH THIS ALL THE TIME! They refile at low values so they pay less taxes.
It wont be a pink. It will most likely be a QX or NYSE company. Its the only thing that would make sense
You are free to believe what you would like but the practical side of how things work is not as 2 dimensional as you are looking at it. I am just sharing my experience. You should ask around and see what other say or better yet, Call DE and ask them for yourself. I have many times.
Is that a real answer? Did someone hear something about this company? I just looked them up and they are in Austin as well. Are they in same building as UATG?
UATG does have patents. lol and they paid for the purchase of several companies to the tune of $35M. lol. Boy you are cynical but are unfortunately ignoring a few facts. If you look at a couple of the recent court filings they paid for patents. Maybe some are pending? Either way they have a lot of technology and many products coming out. Is that really worth nothing?
They are not $500k delinquent. You didnt read everything I wrote. When they refile they will do it according to par value most likely (or some other low evaluation) and only owe a couple thousand dollars. COMPANY'S GO THROUGH THIS ALL THE TIME! They refile at low values so they pay less taxes. Youre reading into something that is really no big deal and easily solved.
I think you are missing the big picture but thats JMO
Only way is merger if they are to do it quickly/this year. If not, it will be a year or more to break a dollar (depending on revenues and contracts). Too many in at cheap prices. They will keep us down with constant flipping. You see all the new people with posts that are obviously designed to support their short interest? expect more of that if we are to wait for organic price increase. CEO knows this and I doubt he is willing to wait or play games with day traders. Hes setting up a merger and leaving the pinks. IMO
Wont have to. Their filings are public. I am sure they will be out soon. Have to be right?
Without researching? I have done more research than I care to go over. Most of the folks here know just how much DD my partners and I did on this company and it was extensive (cost a lot to). I never said I know everything but I have been around a long time. I have invested in many start-ups and am invested in many companies. This DE thing is a very well known issue. I have seen this more times than I can put a number on. I do know quite a bit about UATG having being around for 5 years and having had the bad experience with previous management. Those fellas cost me and my partners a lot of money and the only one that was willing to help make it right was this CEO so he does have my patience (it also helps that he has made changes and improvements).
I have tried to share as much as I could about the company and my experiences with the folks at the company. Hopefully it has helped.
I get your point and I admit I could be wrong about where the company is headed. I just give it my thought based on experience. Thats all
Would said the are broke? 45 day Delinquent taxes does not equal broke. Geez what is going on here?
I dont think you new fellas understand how corp tax and law work especially out of DE. That and the company redomiciled in FL which is CURRENT
Wow, thats a very big assumption. We will see
sounds about right
They are dissolved just delinquent on taxes based on an improper assessment. This literally happens all the time. Even to fortune 500 companies.
You were correct about FL but I think your assumption of a r/s down to a/s of 1M is highly improbable but yu are correct it is possible. It just doesnt make sens to me because then what is your float going to be? A pps of $100 that never trades is worthless. I dont see that helping the company and in fact it would hurt the companys ability to get financing.
I also dnt see this CEO doing a r/s. He has been asked and recommended to do a r/s for the past year and a half and has refused. When asked recently by many of us if he would do a r/s he has been very consistent and not only said no but expressed how much he dislikes them. Also, why do a r/s after a merger? it really doesnt add up. JMO but you could be correct
we should see a filing here shortly. That will be very helpful. My guess is we will see a slight increase in revenue up from the $80k last quarter. Maybe $120k-160K on the high side? difference is debt will be paid down and we might see more inventory on other products that they are getting ready to launch.
Based on this new info we learned tonight we might even see some reshuffling of intellectual property if they havnt already done it and we didnt notice.
Well you were not actually correct. You were partially on to something and without your critical assessment of the company I would have missed it so for that I do thank you. As for "as usual" I would ask that you reconsider that honestly. You have continued to make mistakes because you are moving too fast and not being thorough which has definitely helped keep me on my toes. I have had to go back and double check things because of you which is actually good. Everyone on here needs to be thorough and sharp. Clearly I did not think of paying for the DE tax records and you did. Imagine if everyone here worked together what we would actually accomplish. Thats what I have been suggesting since day one!
I do think your critical cynicism has been helpful because it forces all of us to verify data. You are probably not doing it intentionally but you have helped and that is needed here. You do have some very sharp criticisms of the company and some of them are warranted. Why not work with us on DD and stick to facts and realistic assessments. We cant maneuver and invest on "the company is fraud and everything is going to shit". WHat do we do with that information? Just something to think about fella
I believe year end is Decemebr
well said. I think we just give the man the time he needs to pull it together. He is obviously in the middle of something. Lets just see what it is and successful he is with it. At this point what do we have to lose? The stock is 0.001!
Yes. I paid the $20 like you suggested and that is what they showed. The taxes are 30 days behind but as I said that doesnt matter. Its in all likelihood inaccurate because of the way DE structures corporate tax assessments.
If you dont understand it then call DE yourself. I have been through this many times with other companies. Just because you dont understand something doesnt excuse you from misinterpreting data. You really should be more thorough and a lot of this comes with experience. Take your time, look into things and make calls. You will be surprised at what you will learn and what sort of decisions you can make
You are correct about the FL company but that doesnt really matter. It can be changed at anytime and was probably done so we would not catch on to what the plan was. Thanks to you we have new fresh info and a better picture of what is going to happen over the next 90 days
Also the company is not dissolved in DE, it is tax delinquent (again, they have a year if they so choose)
Ok so you were partially correct but you didnt really look at what the information really meant (you probably didnt know which is understandable). The issue is that they are a DE corp and its a very common issue with filing the taxes correctly. I have seen this many times. If you do not account and file a certain way then your taxes are through the roof because DE does it differently than most states. They do it by share count and they charge a lot. this is why they probably changed their domicile. Now if you look at the dates the company dissolved March 1st, it was due to not filing the tax documents yet (they have 1 year). SO this is VERY interesting because the company only let the status go 30 days ago! The reality is that when they refile their taxes correctly based on a specific value (probably par value)they will end up only owing a couple thousand dollars. They probably let it go because it really doesnt matter if they are merging but the interesting thing is that this would mean that they have no intention of merging the "public" company at all which actually makes sense now. If you merge a non-reporting company with a reporting company the reporting company loses its reporting status. This always troubled me because of the audits. I now believe they are NOT going to do audit on UATG at all nor are they filing an S-1. This adds up because the CEO said that they may not have to do an S-1 after all. I also noticed the A/S being above 1B. This is interesting because they are including Preferred Series shares as the transfer Agent has already confirmed the a/s. I have seen DE do this regularly. This means that most of the equity in the company is in Preferred series which makes complete sense if you are doing a merger with a company you intend to maintain control of! It is my opinion that they are selling UAT and Umbra Exploration as assets. We as shareholders could do very well because in this scenario it is not uncommon for the purchasing company to pay a premium for the assets. Sometimes many multiples of their value. Of course that is speculative so we dont know.
This was one of the missing pieces and I can not believe I didnt think to check this before. Thank you Rock for pointing it out!
Ok. I will do that now. If I am wrong I will say so and post it
As usual very odd and incomplete DD:
Company is NOT dissolved in DE and there are several corporations in Florida only one of which is active and associated with this company. It looks like the inactive corps were about structure and officers but they were Voluntarily Dissolved with the exception of one.
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=PreviousList&searchNameOrder=UMBRAGROUP%20P170000421220&aggregateId=domp-p17000042122-92898c63-9482-460e-bd3b-cc0efb65bbb9&searchTerm=Umbra&listNameOrder=UMBRA%20F970000050281
WHY DO YOU INSIST ON POSTING INACCURATE INFORMATION? TOO MANY TIMES TO BE A COINCIDENCE
The only thing shady here is your agenda fella. That much has become certain.
Maybe but then why did she delete it? I think you are allowing your hatred for the company taint your opinion on this one. Seems a bit of a reach IMO. Posting it and then taking it down accomplishes nothing. She screwed up. People make mistakes. Lets not read into this and make a conspiracy out of something so small and silly
Someone here said they spoke with her right? I thought her name was Stacy? I could be wrong. I have never spoken to the gal
Uh oh. Looks like Stacey goofed. A post just went on Facebook that said the pillow picture wasnt suppose to go up until next week. I wonder how much longer she will be around? I wouldnt want to be in her shoes right now
Thank you
Thanks for posting the picture. I couldnt figure out how to do it. lol
Wow! They just posted picture of the Hygieia pillow! That is some pillow! If its as comfortable as they say this could be a real hit. Its one good looking pillow
Apparently there is going to be a contest to win a free Hygieia pillow. This is getting exciting
They just added comments.
Hospital curtains will be launched in gray and lavender
The new fabric is called Cleancool and is for the boxers im thinking
The pillow protector is antimicrobial, anti-mite and water proof
Looks like Hospital curtains, pillow case protector and some new type of fabric came in. They just posted pics to facebook.
https://www.facebook.com/hygieiatech