Disclaimer: All of my posts/comments represent only my personal opinion and should not be interpreted as professional advice under any circumstances
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.
They will be current this week for sure. There is no reason that this goes another week. My guess is tomorrow or Wednesday. Next up audits, S-1 and NYSE
Something tells me the CEO will be making sure that this BS stops soon. He was clearly pissed about the delay. I am sure he has other things he would rather be worrying about.
Did everyone notice the Next Cast shirt he was wearing in Fridays video?
Just watched the video. Pretty good update. Anyone notice he was wearing a Next Cast shirt?
I think you might be right. I could tell he was pissed but trying not to show it. I dont blame him. I would flip out on the spot! Guess thats why I dont run a company. lol. Dude has the patience of a saint.
Ok, so I spoke to CEO for 20 min. Sorry about not posting right away. Had to deal with a few things here. He sent me an email asking if we could push our call to 9:00. CEO was very cool about all my questions and very polite as usual. I asked about the delay. OTC missed something the first two times as I suspected. He wouldnt point fingers but I could tell hes not happy with some inside the company. He said that it caused a delay that he wasnt happy with. He was told they would be current no later than today and that did not happen which he said was "disappointing" (equals-hes pissed and someone is definitely getting fired IMO). He said the mistake was corrected as soon as he was made aware of it. All disclosures and opinion letter have been submitted.
He spoke with OTC already. Apparently, there are people reachable in the office at 8:30 so I learned something new today. This is why he pushed our call. He said that the person he is dealing with was expediting the final review and that UATG would be current as soon as they were done.
He wouldnt give much to me because hes still considering a video update and that update would answer most of my questions. He did say that he will take down all of my questions and include them in todays video if there is one. This is what I asked about:
Some guidance on Revs?
Q2 release date estimated?
Audits?
Form S1?
NYSE timing update?
Banking/Institutional funding amounts and timelines?
New product releases?
PPS guidance?
Hopefully today will be a good day for UATG but at least everything is done now so next week can fly. I recommend anyone who has a question to either post it to them on twitter or call them. He will include it in the update video.
Me and the guys have been going through the disclosures and the only thing that changed that we can see is that they added a control person to a company called Blue Ridge on page 10. It is literally the only thing I can find. If this is the reason that OTC held this up, it is total BS.
Now they will need a new opinion letter with new post dates. This must be costing a fortune but more importantly it cost the company a week. I bet ceo is pissed. I will be speaking with him in a few minutes and will ask.
It just dawned on me, that they must have just posted those disclosures. I literally checked them around 8:30. There were no new amended filings and definitely not from today. What time did they notify the company that these guys are doing shit at night? They are putting this company through the ringer. Maybe it actually is because they were behind and they dropped 30 months of files on them? Who knows.
I called and requested to speak with CEO earlier and I have a scheduled call with him in the morning. I will ask and see what he says. I will let everyone know what I find out.
GN
Its 30 months of filings all at once. SEC Rule change, OTC changing disclosure format, OTC vacation BS and YES, somewhere there is some serious incompetence. Obviously OTC came back with comments AGAIN! I would love to hear why OTC came back with "new" comments about something they obviously missed in the first and second round of comments after they switched compliance guys on them because one went on vacation! WTF?
I am going to stay positive and see the bright side. At least its getting handled right?
I didnt need this the one night I stay up past my bedtime. lol
Something tells me that between the transfer agent and the CFO, a lot of people are going to lose their jobs or relationships with UATG once they are done uplisting. Maybe sooner. CEO doesnt seem like the forgiving type. Dude is too serious and I dont think military guys take failure well. I have another call out to him as of 30 min ago. I will be asking him about the filings and a few other things. I will let you know what he says.
Up almost 1,500 YTD and still climbing. These guys have overcome everything and managed to a growth trend. Im in for the long haul. Down to the last few OTC companies. Dumped the others. If it wasnt for this and UATG I would have lost all hope for OTC.
I am glad I got out when I did. Very disappointing. RMSL and a few others are the reason I dumped almost all of my OTC stocks. These guys actually could have done something but couldnt raise the money and got lazy like most OTC companies. Damn shame but glad I saw it coming early.
I actually feel bad for the CEO. He must be fuming that the yield sign is still up. Its all part of the game. He just needs to be patient I guess. Hopefully more patient than I am being. I am losing it and dying to see the pop on this one.
Has everyone seen the tweet about the funniest meme contest they are going to launch? OMG, too funny.
We have something very fun coming up for everyone. CEO wants to do a funniest meme contest. I sent a few memes that were posted about the company & some really made him laugh. We are still working on prizes/contest date so get ready & put your creative hats on!
— UAT Group - UATG (@UmbraAppliedTec) June 16, 2021
I have a feeling they will rapid fire us with press for several weeks. Its what they do after being quiet for a while with pr's. Then it will calm down but I think we will still get weekly or at least biweekly updates from the man himself. With 5 companies and another potentially coming soon, there should be a lot to talk about
NYSE in Q2. With a cost basis below a penny I am not selling one single share. Picked up a few more earlier today. A year ago I was playing in a few different OTC tickers, today I am all in on UATG. Why spread it out and have to trade every day to make a few gains, when I can buy and hold for 9-10 months and out perform any of the others. Less work more money. I am sure some will disagree but I learned that OTC is not for me. Funny that I lucked out with UATG. My retirement will be much better because of them.
It is in response to OTC comments I am sure
New legal opinion posted and we should be current in a day or so. light a candle people.
I picked up on that as well. Also they amended a Q this morning. Attorney letter is next, probably later today. Then we go currant. I have a call in to the company to see what happened with OTC.
Eric is back Monday is how I took it. He said he was told mid next week they clear comments 6:50 and 7:23
Either way we will see by Wednesday what happens
Watch the video, its short but has a few easter eggs in it. This CEO has to be one of the hardest working CEOs in the biz. Freakin guy is the real deal.
I watched the video and recommend EVERYONE watch the video. He said he was told that they will be current mid next week! The man is on top of it as well as the FDA and literally everything else. I dont know how he does it.
He said the person doing it was Morgan because Eric is on vacation. I have someone back channeling to see if we can get status or help expedite. Hopefully we can help. I am over the waiting and dumping.
I had my original buy order set this morning for 025 and bought at 028 instead. Thank God I did! You can only MAKE money with this ticker! Incredible
New attorney letter is posted on OTC!
https://backend.otcmarkets.com/otcapi/company/financial-report/287425/content
Personally, I think its hilarious watching a CEO's honest reaction to stupid questions. LMAO. This guy is professional and smart but OMFG his response and facial expression was priceless. I would love to hear what he would really say if he wasnt on camera.
Video was awesome and there were a lot of Easter eggs in the video for those that wee paying attention.
I am loving this video series. A lot of info and he doesnt shy away from the questions. Even the dumb questions, lol. Unbelievably transparent company and they are behaving like a NYSE company. This company is going to kill it when they go current and complete audits. The S-1 will the taxi down the runway and the NYSE will be lift off. with the right restructuring this company could easily see $10+ in 12 months. The first 6 months on the big board will be biggest gain.
Both amended filings are up in new format! Legal opinion next? Current this week!
https://backend.otcmarkets.com/otcapi/company/financial-report/287141/content
https://backend.otcmarkets.com/otcapi/company/financial-report/287143/content
Contrary to what some understand and refuse to acknowledge, the company is using very common corporate GAAP accounting tax strategies to offset tax liabilities. They have also already told us that they arent going to START reporting revs until Q2 by use of specified "effective date" for acquisitions of all subsidiaries. I suspect when they file amendments they might include them as a material change for Q1 at the request of OTC only because its already announced. I could be wrong about that but it is a "material change" that would typically be included in disclosures if the company was "fully reporting".
The company sells a lot more than just socks. I suggest you do DD and not listen to the noise of the few people here that either hate the company because it makes all their 2 years of previous "predictions" look completely ridiculous, have beef with the CEO from some personal experience or are shorting the stock. Go to the Youtube channel and watch the CEO video series and then go to uatgroup.com and look at each website. you will see what they sell.
So much for best roi days are behind us. lol. Made an extra $30k today by buying the dip and added an extra 3M shares to my retirement. I cant believe these idiots sold. lmao. I guess I should thank them.
Let them sell. I bought another 70,000 shares.
doesnt look like it. Freakin OTC! CEO must be fuming
I understand but do we really want them in UATG right now. Between them and MMs we have been held back. We should easily be over 0.25 by now. IMO. This is a long term play. Big ROI in this over next 24 months
The company doesnt have the money to file a 510K with FDA. It can cost millions to get one done and on top of that a reg A done on OTC is almost certainly going to end up in dilution especially with a a/s of 3 Billion. I was really hoping this company would pull through but I not convinced anymore. Debt isnt helpful either. I could be wrong but I have drastically reduced the amount of pinks im in. Not trying to piss anyone off but I dont see it. Maybe someone can tell me what I am missing?
They have to do one. This company is not going to trade at a multiple that will give it a market cap of $2-$3 BILLION dollars in the next 6 months which is the pps min for NYSE. CEO only said that he thinks that r/s are mis-used and he didnt like them UNLESS they were done properly like for example r/s followed by a lowering of the a/s and NO mass issuance. The CEO himself said what I have been saying for almost 2 years. To be honest he shouldnt have even brought it up because now everyone is going to say he said he wouldnt do one when he actually never said that at all. Go back and watch the video. He was VERY careful with what he said and how he said it. Probably because he knows everyone doesnt really understand what a r/s actually is or how tings actually work. He pretty much said that is why he is doing the video series on "capital markets". Personally I think hes wasting his time trying to explain anything. Most people wont understand because they dont want to understand and will still call him a fraud even though he made them a lot of money. IMO
This was just put out on twitter:
CEO was asked to compare UATG to major indices so he did quick calculations for everyone. DOW is 34,597 up from 29k JAN21 (19.3% increase). S&P 500 was 3,714.24 & is now 4,202.71 (13.15% increase). NASDAQ was 12,698, now 13,714 (8%). UATG beats the gains of the top indices YTD
CEO was asked to compare UATG to major indices so he did quick calculations for everyone. DOW is 34,597 up from 29k JAN21 (19.3% increase). S&P 500 was 3,714.24 & is now 4,202.71 (13.15% increase). NASDAQ was 12,698, now 13,714 (8%). UATG beats the gains of the top indices YTD
— UAT Group - UATG (@UmbraAppliedTec) June 2, 2021
in 2 years I think we will be there for sure
I bought more today. Cant hurt to have more of this stock. I am telling you that this is going all the way. We will see dollars soon and this ticker will be going NYSE next year for sure. I honestly think they are going to drop big revs on us by EOY.
He has specifically said he doesnt track swings daily. I think ALL CEO's track pps but dont concern themselves too much with hourly or daily trading. Thats why he gave overview for 18 months or YTD, of progress as opposed to weekly or daily. Hes not a trader. He manages the company and its overall health. Damn good CEO IMO and he is definitely on top of things. I dont think anything gets by him and he has a plan that he is executing everyday to deliver us to NYSE. When I grow up I want to be him! lol. Love this guy!
Mid year vide update coming in hour
Mid-year progress report from our CEO coming out by 3:00 today. Mr. Umbra will be going over what has been accomplished over the past 6 months. He hopes this will be a good resource for all shareholders.
— UAT Group - UATG (@UmbraAppliedTec) June 2, 2021
I would love that but ALP didnt have a billion shares out