Slow and steady wins the race
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Hopefully everyone on the board will give us some feedback and questions for CEO. The more the better. We need to really engage him and let him know we are here and would like to be more included. That’s the sort of thing that builds communication between company and shareholders. He is usually very responsive to shareholder calls and emails as many here have spoken with him several times. I like that in a ceo.
News has been coming but I agree, they need push the products they have as well as the products they have done that are set to be released. They need more marketing! Past success will be difficult since they just started selling product but I agree they need to release projections and let us know how they have done thus far.
They reason I asked is because I am hoping to put together a letter to the CEO with everyone's complaints and concerns. Hopefully we get a response we can post to the boards
Again, how would you do that? If you have the answers share them. What exactly has the company/CEO not done that you would do if you were running things?
Allow? What would you recommend he do? I am not sure he can do anything that would immediately change the pps. This will take time which does seem to be something they are working towards
They wont be the acquiring company. It will be another company acquiring UATG
He has returned MANY e-mails and calls. Call company and ask him for yurself
Guess I was wrong then. Odd that the transfer agent has not updated it. Did you ask why?
Its done automatically through transfer agent. If its not updated then there has been no change
I would suggest that we all write down the questions we have and would like to ask on this town hall coming up. We should submit them directly to the man himself so we are assured we get these questions answered.
I also think it would be a VERY good idea for someone to collect all our concerns/complaints and bullet point them for a letter sent to him. This way he gets them and if he wants he can address them immediately and we dont have to wait for the town hall.
Anyone willing to do that for the board?
I agree with you about his over ambitious perspective. I have complained about that before. He is very ambitious which does have benefits but he also needs to be realistic. As for buyback, I am fairly certain the company has bought shares out of the market but I do not know how much.
We really do not know yet if he "destroyed" share structure because we do not yet know why he did what he did. If it was to match an existing companys share structure to facilitate a merger then it really didnt destroy anything but rather improved the companys future. Thats an assumption but one that I believe is the most likely of scenarios. If he did it simply to pay debt then I would agree with you that there were other more preferred choices.
Lets be accurate. The a/s was increased twice over a four month period towards the end of last year. Thats twice in 5.5 years. Clearly there was a reason for it which indicates there is a plan. We can disagree on the plan but not the facts. As for go through shareholders money, the stock now trades more than it ever has. What good is a pps at a dollar if you can not sell it? You can not dispute that the company is a completely different company in the last 2 years.
Past two years:
Company has revenue for the first time in its history
Company is delivering product to market for the 1st time in its history
Company is leveraging its IP for the first time in its history
Company has active marketing campaign for the first time in its history
CEO has increased his interaction with shareholders by many multiples
Company has updated public regularly (12 months avg is twice a month)
Increased market liquidity (stock trades more now than it EVER has)
Increased shareholder count
More dollars traded weekly than any other time in company history
Highest trading volume EVER (past 12 months)
Second product released 6 months after first product ever
New products announced & imminent delivery to market (announced w/ pics)
$35M in assets
Patents owned
Company is now debt free
Vastly reduced their overhead/cash burn rate
Company is no longer hemorrhaging significant money
Thats just off the top of my head but the point is that the company has made a lot of changes/improvements in two years that are not easy or fast to do. Anyone who has run a business knows this and thats not taking into consideration a large pulic company with the issues and obstacles UATG has had/has.
I understand the anger towards the companys performance but complaining now is like complaining that supper doesnt taste good before the wife is done cooking it. They are VERY CLEARLY in the middle of making changes. Why not see where it goes and how they do before making a decision about their performance? JMO
I suspect we are going to continue see a few folks dump their positions this week. I have been told Alpine is working on a replacement for BMIC and that they are still clearing a few subpennys one of which is UATG. Says a lot about UATG because Alpine has to put up all the collateral during clearing to cover the subpennys and UATG. I was told that Alpine has UATGs business plan and financials and banking references. CEO contacted them directly last year when volume and clearing increased to make sure they understood that the company was not typical pink. That came from my broker who said he has recommended the stock to many of his clients. He thinks its very much undervalued.
So when there was no revenue it was bad and when revenue does come in, it is not enough? Honest question, can this company or its CEO do anything that would actually give them credit?
Do you actually have an insight as to why you think a/s is being increased this week or is this speculation on your part?
If you emailed the company and you never heard back you should definitely call and ask to speak with Mr. Umbra. I think he would like to know if his folks arent returning e-mails. I think he would be pretty upset. My advice, call him to at least tell him that
dont take my word for it. I mean that. Call him and then let everyone here know what he says and what you think. The more real info the board has the better. We should all be helping one another
It was really delicious. The wife told me that was the first time she used a pressure cooker and it only took 20 min! It was really good!
I also appreciated how he helped my wife. She told me she called him many times, while she was grocery shopping, while she was cutting things up, while it was cooking and when it was time to serve it. He was very gracious with his time and a few on here have said he was the same way with them.
All that said, he may be a nice fellar but I am more concerned about his performance with the company which thus far has been ok. A few mistakes made but it looks like he has turned it around and has a plan so we will see.
Then call him and set up a meeting with the man. A little advice, you might want to do some DD to support your accusations because you might feel pretty silly learning :on the job" in front of the man you are accusing of all this illegal stuff. That could be embarrassing. Let us know how it goes. Just be honest afterwards with us about what you really learn. We have enough false info here on this board.
Dont take anyones word for it on this board. Do yourself a favor and call the man yourself. You will see, hes actually a pretty nice guy. Hes a serious guy but is actually a lot nicer than they describe on this board of course thats done mostly by folks who havnt met the man or done any real DD on the company or who have only been around a few months.
Don’t know what’s in Utah. He never told me about it. I was speaking with my wife at supper one night a few months back and mentioned I was going to call him about putting my stock in our trust. She speaks with more than I do I think and she said she spoke with earlier that day and he was in Utah in business. When I spoke with him and asked he said it was just for business and wouldn’t go into it. That’s how I find out about most of his traveling to be honest. Lol. She has become very friendly with him and has even spoke with his wife about clothing deals for the grandkids.
I think I have said this on the board before but apparently Mr Umbra is a really good cook and my wife has taken up cooking all these fancy meals. He has helped her with recipes and teaching her some of the tricks on how to cook certain things. He sent her a recipe for a beef stew and I have to tell you this was the best stew I have ever had so the man knows his stuff.
I know they are working on some projects in Texas because I made the introduction for them. An associate I know is with EPA and they have some water cleaning technology for oil companies which I also have contacts for. As far as I know they are just in early discussions but I haven’t called to check. Best for me to stay out of because of the stock I own. I don’t want to cause any conflicts and cause the company business. Government contracts are really touchy.
I don’t think they are in Kansas anymore but I could be wrong. I know they are in Nevada, FL, TX and UT was something they were discussing st some point but I am not sure they followed through on that. At one point they were speaking with military in Hawaii and even had a few guys there for a while on one of the bases but that was years ago. It’s very difficult to really pin down because the CEO does travel a lot (NY, TX, VA and NV mostly from what i can tell) but he’s pretty tight lipped about what he’s doing when he travels. He was recently in NC and said it was for Hygieia but it’s rare that he gives up details about who he’s speaking with or why he’s there. In the past he says it’s for business and won’t elaborate.
That’s why we need to uplist and get out of the pinks. OTC is really not for companies with any real big plans. Very few are really trying to do legitimate business. Had the CEO had the right advice from the beginning he would have known to build the company first and then go NYSE. He just didn’t have the experience with running a public company. He has learned pretty fast although it was the hard way. I give him credit for sticking it out and turning it around. Now let’s see him deliver the goods. I told him if he uplists this company to a senior exchange I will buy him dinner. Lol. He said he couldn’t accept gifts from shareholders but would take me and the wife out instead as a thank you for my patients and support. One more reason I doubt the guy is a crook. He won’t even accept me paying for dinner! He’s too straight of an arrow to be a crook. JMO.
I have high hopes for this company. Let’s hope I’m right!
You are probably right. 60 -75 days or so. It really is tough to say but its somewhere in there based on what they have been saying. Either way if we uplist by end of the year I will be very happy. If this man pulls this off it will be really amazing and then maybe the folks on this board accusing him of everything under the sun will offer up an apology? lol probably not but I wager they will no longer be around so it is a win all the way around.
I agree but would also add that the new company buying UATG will probably pay a premium as is typical of these types of deals. So maybe they pay half a penny instead of 0.002. Thats a gain. A small one but a gain none the less. I would also say that the conversion is probably going to be more like 100:1 but we cant know for certain until we see the pps of he new company. Either way we win by now owning a stock of a NYSE company with funding to grow and increase its pps.
If I am proven right I will buy more stock after the merger regardless of pps because at that point you are all but guaranteed to see an increase od the pps (after an initial dip I am sure do to the flippers.penny folks dumping).
You wait for organic growth to uplist and we will be here another 5 years on the pinks. Thats a road to no where and I am not getting any younger. We go to NYSE and this company will have access to real funding (they probably already have it lined up) and then the company will grow and so will the share price. Thats when we make real money. We stay down here and we will eventually lose everything. Theres no growth financing down here and this company needs funding and revenue to grow.
You lose nothing. Why does share count matter more than dollar value? They can keep the shares, I want my money!
Has to be public in order for an uplist to happen in the timeframe they described. taking a private company public could take 6-12 months
Not true. Very much false and incorrect
I have not seen that but I asked my grandson and this is what he said about that:
The reason you see other products on the ihub page is because you went to that page and they track visitors. If you clear your cache and cookies you wont see that anymore. Its internet marketing and every person will see different advertisement on their page depending on what sites they have been to. You will see it on other pages as well. It follows you and constantly targets you to buy
This is the problem with irresponsible posts made by those that dont understand the capital markets or how they function in m&A. You do NOT lose your dollar value in your holdings in a conversion! You do NOT lose your money. You lose share count. Your shares are just worth more. If you have 10 shares worth a dollar and the conversion is 10:1 you will now have 1 share and it will be worth a dollar instead of 10 shares worth 10 cents each. You literally can not be reversed out on a M&A conversion structure if it is done properly.
A r/s split can wipe you out NOT a conversion. Very sad that someone sold their shares because someone didnt understand m&a and posted false information. Everyone needs to do their own DD and verify EVERYTHING they read on this board.
Conversions dont equal loss. If its a merger we wont lose one dime! A r/s we lose not a merger. Very different. We will have less shares but wont lose our current dollar value.
Its intentional IMO. The company is maneuvering and doesnt want anyone to know so they dont trade on it. They will probably start dropping news on us soon and then it will be all at once. We wont have time to really react and thats what companys want. It favors their negotiations and the deal they made. Ultimately it will favor us but we wont have much time to really capitalize on it as an earnings multiplyer
I dont see this CEO giving up control either. He will most likely do what he did with the previous merger and simply take over the new company which would rule out a Lockheed or Boeing unless he takes over the QX company and then sells to a major NYSE company afterwards. Then he could just cash out and most likely cash out big. That is assuming a lot right now so for me my money is on him taking over an existing QX company and trading it up to NYSE. It will have to be a company trading well above $2 and have revenues of $5M minimum. We will see in 90 days
I think you would be correct if it was all about him but he has made it clear that the long term success of the company is more important to him then his personal gain. To be honest I dont think the CEO really needs the money. Hes been very successful and has invested a lot of money in the company to keep it afloat. A low price equals a tight conversion resulting in a tight float. That means even the smallest amount of trading will push the price upward and do it fast. This makes sense to me considering his desire to uplist. Hes probably going to QX first then NYSE. He will use QX to gain pps increases with a tight float and low trading volume. JMO
I was under the same impression and had the same concerns but when I called the company it was explained in a very logical way. The PR on Amazon was April 3rd. The company started selling on Amazon end of February. Thats when I placed another order with them. I was told they delayed announcement a month because they wanted to confirm the process and procedures with Amazon while waiting on approval for Amazon Prime and before launching their marketing campaign. That ade sense and seemed smart IMO.
You actually make an excellent point but they did release a PR on the Amazon sales. Either way I agree with you
https://globenewswire.com/news-release/2018/04/03/1459270/0/en/Umbra-Applied-Technologies-Group-Subsidiary-Expands-Online-Sales.html
I have no more information other than I have said. The CEO doesnt give me inside information and refuse to answer my questions about a possible merger. This is exactly why I no longer wish to call on behalf of this board. If you would like to know something then you should call yourself this way I am not the liar. I have been with this company a long time and have done a lot of DD on the company and its officers. I suggest you do the same if you dont like my information. Probably be helpful if everyone did. At lest it would be more constructive than the half baked conspiracy theories being fed to us. JMO
Merger is the only way this company uplists and the restructuring of the company was done for a reason. They have also held back news intentionally and down played revenue making absolutely no mention of it in any press release. They even tried to bury revenue in their financials. Why would any company do that? There have been many indicators along the way and 90 days is a number that keeps coming up with product release dates and the timing of the uplist the company has mentioned. They all occur around the same time. Why?
Company is going to merge with a company that is either QX or NYSE already. Thats the only way I see it and the merger would be helped by a low stock price. IMO
No the same sock in a different color is not exactly news worthy especially since its already been announced in a press releases along with several other products they are coming out with. How many press releases should they put out abut the same thing? lol. This CEO would never do that. He announced it already and now I am sure he will market it like any other company. the goal is to target customers not shareholders. His words not mine. I agree with him though. They need to market the products to paying customers. We need sales