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CEO guilty stock fraud, market manipulation, deceiving investors.
Penal conviction of Benoit Laliberte, UAMA CEO!
Here's the record of the court's decision against Mr. Laliberte, UAMA CEO.
//lautorite.qc.ca/en/general-public/media-centre/news/fiche-dactualites/in-matter-of-jitec-appeal-of-benoit-lalibertes-penal-conviction-benoit-laliberte-guilty-of-thre-1
The AMF knows Mr. Laliberte well as it is also HQ'd in Quebec. Original and these later convictions never properly disclosed back in Teliphone (NASDAQ) or subsequent Pink disclosures.
Complaint filed is based on Laliberte as sole signatory to Pink disclosures and, acting as President, CEO and CFO of UAMA, did knowingly commit fraud in violation of US law, when he specifically answered "NO" to question on previous convictions within past 10 years. Clearly a "falsehood".
This is classic Laliberte and other examples can be found in the court record of the $47M bankruptcy currently still open before the Supreme Court of BC.
Stain of convicted criminal CEO kills UAMA.
Be suspicious, very suspicious of any actions by UAMA CEO.
The Canadian Press got it right when they labeled him a convicted criminal. Being found guilty on 44 counts of stock fraud, market manipulation and deceiving investors will do that.
CAVEAT EMPTOR
UAMA CEO labeled convicted criminal.
The Canadian Press has labeled Mr. Benoit Laliberte as a convicted criminal. (look it up!)
Coverup maybe! AMF Cease Trade Order.
SEC watching thanks to Whistleblower tips!
Guessing some recent sales from Quebec.
That could be a violation of CEASE TRADE ORDER in place in that jurisdiction and recall all most of stock held in Quebec Trust. Hmmmm!
Believe AMF and SEC introduced to potential fraud.
Or maybe 'cause AMF & SEC at door!
Geez! Could buy my 1.5M UAMA shares $0.01/share.
Maybe AMF scared him. Or could it be SEC?
UAMA-no underlying value! MMS diddling.
No news and no filings since 3Q-2019. Delinquent filer with flag up on OTC Markets.
CAVEAT EMPTOR
UAMA- no capital, serial failures, no upside!
Fraud as close as the company's intro on this Board.
Panesar left in 2018 though still listed as officer.
Ditto several other named non-officer employees.
OTC Markets warns about UAMA.
Warning! This company may not be making material information publicly available
Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
Absent info UAMA empty shell laced with fraud.
No reports since 3Q-2019 so likely toast well before any Covid impact.
TNW Wireless a total failure.
Bankruptcy ($47M) of Teliphone-Navigata-Westel, UAMA, Investel, etc's largest telecom operating company, has been totally "gutted" and nothing left. No assets, no employees, no working capital, no bankable reputation, just a nothing shell now.
To top it all off, Benoit Laliberte has been labeled a convicted criminal by The Canadian Press and he has been an undischarged bankrupt in Canada for over ten (10) years!
No reported UAMA revenue or earnings!
Colossal failures at UAMA.
UAMA's TNW Wireless a colossal failure!
Investel closed on February 12, 2017, agreement to acquire RuralCom Corporation a market ready rural wireless carrier operating in Canada. RuralCom was to operate as a wholesale wireless carrier and had roaming agreements with AT&T, Verizon, T-Mobile-Sprint and was in negotiations with Bell Canada. RuralCom CEO had term sheets from accredited venture capital investors. Same day Investel terminated RuralCom CEO and thought they could do an end run with the venture capital firm. They showed Benoit Laliberte, UAMA President, CEO and CFO to the door and record clearly shows they were unable to raise capital.
Had UAMA, Investel, et al stayed the course with that CEO and his financial supporters the wireless carrier would be generating $40-$60M in revenue with 40-60% EBITDA by now.
Instead UAMA has, through astoundingly bad management, destroyed what could have been a great business.
UAMA could have been $40M Rev, 40% EBITDA!
Colossal failures at UAMA.
UAMA's TNW Wireless a colossal failure!
Investel closed on February 12, 2017, agreement to acquire RuralCom Corporation a market ready rural wireless carrier operating in Canada. RuralCom was to operate as a wholesale wireless carrier and had roaming agreements with AT&T, Verizon, T-Mobile-Sprint and was in negotiations with Bell Canada. RuralCom CEO had term sheets from accredited venture capital investors. Same day Investel terminated RuralCom CEO and thought they could do an end run with the venture capital firm. They showed Benoit Laliberte, UAMA President, CEO and CFO to the door and record clearly shows they were unable to raise capital.
Had UAMA, Investel, et al stayed the course with that CEO and his financial supporters the wireless carrier would be generating $40-$60M in revenue with 40-60% EBITDA by now.
Instead UAMA has, through astoundingly bad management, destroyed what could have been a great business.
Maybe write a book on UAMA CEO's failures!
UAMA's TNW Wireless a colossal failure!
Investel closed on February 12, 2017, agreement to acquire RuralCom Corporation a market ready rural wireless carrier operating in Canada. RuralCom was to operate as a wholesale wireless carrier and had roaming agreements with AT&T, Verizon, T-Mobile-Sprint and was in negotiations with Bell Canada. RuralCom CEO had term sheets from accredited venture capital investors. Same day Investel terminated RuralCom CEO and thought they could do an end run with the venture capital firm. They showed Benoit Laliberte, UAMA President, CEO and CFO to the door and record clearly shows they were unable to raise capital.
Had UAMA, Investel, et al stayed the course with that CEO and his financial supporters the wireless carrier would be generating $40-$60M in revenue with 40-60% EBITDA by now.
Instead UAMA has, through astoundingly bad management, destroyed what could have been a great business.
Maybe write a book on Benoit Laliberte's failures!
UAMA's TNW Wireless a colossal failure!
Investel closed on February 12, 2017, agreement to acquire RuralCom Corporation a market ready rural wireless carrier operating in Canada. RuralCom was to operate as a wholesale wireless carrier and had roaming agreements with AT&T, Verizon, T-Mobile-Sprint and was in negotiations with Bell Canada. RuralCom CEO had term sheets from accredited venture capital investors. Same day Investel terminated RuralCom CEO and thought they could do an end run with the venture capital firm. They showed Benoit Laliberte, UAMA President, CEO and CFO to the door and record clearly shows they were unable to raise capital.
Had UAMA, Investel, et al stayed the course with that CEO and his financial supporters the wireless carrier would be generating $40-$60M in revenue with 40-60% EBITDA by now.
Instead UAMA has, through astoundingly bad management, destroyed what could have been a great business.
Track record of serial failures!
UAMA's TNW Wireless a colossal failure!
Investel closed on February 12, 2017, agreement to acquire RuralCom Corporation a market ready rural wireless carrier operating in Canada. RuralCom was to operate as a wholesale wireless carrier and had roaming agreements with AT&T, Verizon, T-Mobile-Sprint and was in negotiations with Bell Canada. RuralCom CEO had term sheets from accredited venture capital investors. Same day Investel terminated RuralCom CEO and thought they could do an end run with the venture capital firm. They showed Benoit Laliberte, UAMA President, CEO and CFO to the door and record clearly shows they were unable to raise capital.
Had UAMA, Investel, et al stayed the course with that CEO and his financial supporters the wireless carrier would be generating $40-$60M in revenue with 40-60% EBITDA by now.
Instead UAMA has, through astoundingly bad management, destroyed what could have been a great business.
Colossal failures at UAMA.
UAMA's TNW Wireless a colossal failure!
Investel closed on February 12, 2017, agreement to acquire RuralCom Corporation a market ready rural wireless carrier operating in Canada. RuralCom was to operate as a wholesale wireless carrier and had roaming agreements with AT&T, Verizon, T-Mobile-Sprint and was in negotiations with Bell Canada. RuralCom CEO had term sheets from accredited venture capital investors. Same day Investel terminated RuralCom CEO and thought they could do an end run with the venture capital firm. They showed Benoit Laliberte, UAMA President, CEO and CFO to the door and record clearly shows they were unable to raise capital.
Had UAMA, Investel, et al stayed the course with that CEO and his financial supporters the wireless carrier would be generating $40-$60M in revenue with 40-60% EBITDA by now.
Instead UAMA has, through astoundingly bad management, destroyed what could have been a great business.
Wow! From $0.033 per share. Tell us how!
UAMA's TNW Wireless a colossal failure!
Investel closed on February 12, 2017, agreement to acquire RuralCom Corporation a market ready rural wireless carrier operating in Canada. RuralCom was to operate as a wholesale wireless carrier and had roaming agreements with AT&T, Verizon, T-Mobile-Sprint and was in negotiations with Bell Canada. RuralCom CEO had term sheets from accredited venture capital investors. Same day Investel terminated RuralCom CEO and thought they could do an end run with the venture capital firm. They showed Benoit Laliberte, UAMA President, CEO and CFO to the door and record clearly shows they were unable to raise capital.
Had UAMA, Investel, et al stayed the course with that CEO and his financial supporters the wireless carrier would be generating $40-$60M in revenue with 40-60% EBITDA by now.
Instead UAMA has, through astoundingly bad management, destroyed what could have been a great business. /b]
United American Corp (UAMA) et al is truly DEAD!
OTC Markets says "Dark or Defunct"
Warning! This company may not be making material information publicly available
Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
Verbatim from OTC Markets web site.
United American Corp (UAMA) et al is DEAD!
OTC Markets says "Dark or Defunct"
UAMA management can't raise needed capital!
Ego-driven efforts have never served UAMA, Investel, et al.
Serial failures all.
• Patent litigation went nowhere after 4 years.
• Anti-trust litigation v Bitmain et al went nowhere, counsel quit UAMA at end 2020.
• Defamation suit against RuralCom CEO went nowhere, except UAMA TNW counsel sued TNW for assumed non-payment.
• Patents were a joke. No pilot projects or proof-of-concept and never saw a licence agreement with anyone. Patents just another fraud perpetuated by UAMA, Investel et al.
• Benoit Laliberte turned TNW Wireless into laughing stock of Canadian wireless scene.
• Laliberte led Teliphone-Navigata-Westel into $47M bankruptcy which gutted asset base.
• Quebec Court ordered shut-down of Blockdomes and restoral of property to agricultural use.
More telling are signs that UAMA has no working capital.
Wireless, especially broadband, is on fire in Canada and full of opportunity for new players. Where's UAMA? Nowhere to be found.
Anybody notice that usual stream of BS press releases ceased over a year ago? No more grandiose statements about massive cryptocurrency mining operations and no more BS about iPCS.
All signs that UAMA has no future. Convicted criminal CEO (so labeled by The Canadian Press) can't raise money!
UAMA management didn't understand wireless!
Ego-driven efforts have never served UAMA, Investel, et al.
Serial failures all.
• Patent litigation went nowhere after 4 years.
• Anti-trust litigation v Bitmain et al went nowhere, counsel quit UAMA at end 2020.
• Defamation suit against RuralCom CEO went nowhere, except UAMA TNW counsel sued TNW for assumed non-payment.
• Patents were a joke. No pilot projects or proof-of-concept and never saw a licence agreement with anyone. Patents just another fraud perpetuated by UAMA, Investel et al.
• Benoit Laliberte turned TNW Wireless into laughing stock of Canadian wireless scene.
• Laliberte led Teliphone-Navigata-Westel into $47M bankruptcy which gutted asset base.
• Quebec Court ordered shut-down of Blockdomes and restoral of property to agricultural use.
More telling are signs that UAMA has no working capital.
Wireless, especially broadband, is on fire in Canada and full of opportunity for new players. Where's UAMA? Nowhere to be found.
Anybody notice that usual stream of BS press releases ceased over a year ago? No more grandiose statements about massive cryptocurrency mining operations and no more BS about iPCS.
All signs that UAMA has no future. Convicted criminal CEO (so labeled by The Canadian Press) can't raise money!
TNW Wireless market ready when UAMA acquired!
RuralCom has working network with roaming agreements in place with AT&T, T-Mobile, Sprint and Verizon and in negotiation with Bell Canada. In addition, RuralCom CEO had access to needed expansion capital. UAMA CEO fired RuralCom CEO day of closing and made end-run to source of financing, who promptly showing him the door.
Changed name from RuralCom to TNW Wireless Inc. and quickly killed a business that would have been generating $40-60M in revenue with 40-60% EBITDA.
Benoit Laliberte and his team of miscreants have never built a business of lasting value.
CAVEAT EMPTOR
No news! UAMA delinquent filer!
Last report was for 3Q-2019
The closer you look the worse it is!
Biggest source of revenue came from sub-contracting as a miner. Now just a landlord renting land/space to others.
UAMA et al not even on the list of miners in Quebec and never was.
That's indication of how irrelevant UAMA is.
Benoit Laliberte, UAMA CEO found guilty!
The Canadian Press says UAMA CEO is convicted criminal.
Just because the convictions weren't criminal in Quebec at the time does not mean that a US Court will not take the position that these were criminal violations in the US at the time they were committed and Mr. Laliberte now runs a US-listed, public company.
Worth noting that if, at the time, Benoit Laliberte, UAMA CEO had been tried in another Canadian Province he would have gone to JAIL.
See the last paragraph in the article below:
Of course if it wasn't true Mr. Benoit Laliberte would file suit against the Canadian Press, so clearly we understand the truth here!
All of this NEVER PROPERLY disclosed in UAMA, Inelco or Telphone public disclosure documents.
The SEC does and will act on such violations and likely just a matter of time!
UAMA CEO knowingly committed fraud in SEC filing!
It's a fact:
- Benoit Laliberte signs as President, CEO and CFO of UAMA
- claims "no violations in past 10 years" in Pink report
- Court found him guilty v AMF in 2009 on additional 3 counts
So Mr. Benoit Laliberte did knowlingly commit fraud in these UAMA reports.
Complaints have been filed with the SEC.
Penal conviction of Benoit Laliberte, UAMA CEO!
Here's the record of the court's decision against Mr. Laliberte, UAMA CEO.
//lautorite.qc.ca/en/general-public/media-centre/news/fiche-dactualites/in-matter-of-jitec-appeal-of-benoit-lalibertes-penal-conviction-benoit-laliberte-guilty-of-thre-1
The AMF knows Mr. Laliberte well as it is also HQ'd in Quebec. Original and these later convictions never properly disclosed back in Teliphone (NASDAQ) or subsequent Pink disclosures.
Complaint filed is based on Laliberte as sole signatory to Pink disclosures and, acting as President, CEO and CFO of UAMA, did knowingly commit fraud in violation of US law, when he specifically answered "NO" to question on previous convictions within past 10 years. Clearly a "falsehood".
This is classic Laliberte and other examples can be found in the court record of the $47M bankruptcy currently still open before the Supreme Court of BC.
Benoit Laliberte, UAMA CEO, is bankrupt. See filing!
If you click on the link below and scroll to pages 12 and 13 you will see copies of the bankruptcy filings.
Here is the link to the official Affidavit filed before the Supreme Court of BC:
https://documentcentre.eycan.com/EYCMLibrary/8640025%20Canada%20Inc%20(dba%20Telephone%20Navigata-Westel%20Communication)%20&%20Telephone%20Data%20Centers%20Inc/English/Motion%20Materials/Affidavits/Affidavit%201%20of%20Phoebe%20Fasihi,%20sworn%20on%20Aug%208,%202019%20.PDF
Mr. Laliberte remains an undischarged bankrupt as he had done for over ten (10) years!
United American Corp (UAMA) CAVEAT EMPTOR!
No inherent value here any longer.
UAMA is seriously delinquent filer who last filed Pink Report and Financials back for 3Q-2019. That's well over a year ago.
There was $47M bankruptcy filing in late 2016 which is still before the Supreme Court of BC. Court has already ordered sale of all assets and those purchased by Distributel. Nearly all but a couple of employees followed the assets. Bankruptcy effectively "gutted" this enterprise.
TNW Wireless Inc. and TNW Networks seem to have both failed in spectacular fashion. TNW Wireless no longer has a working cellular network. No subscribers, no roaming agreements, no revenue and no earnings. It and Benoit Laliberte, UAMA CEO are the laughing stock of the Canadian wireless community.
More problematic however is that Mr. Benoit Laliberte has been labeled a convicted criminal by The Canadian Press. He was found guilty of 41 counts of stock fraud, market manipulation and deceiving investors back in 2008 by a Quebec Court. Later based on an appeal by the AMF, he was found guilty of a further 3 counts by another Court. Needless to say UAMA has trouble raising capital with a convicted criminal at the helm.
United American Corp (UAMA) CAVEAT EMPTOR!
No inherent value here any longer.
UAMA is seriously delinquent filer who last filed Pink Report and Financials back for 3Q-2019. That's well over a year ago.
There was $47M bankruptcy filing in late 2016 which is still before the Supreme Court of BC. Court has already ordered sale of all assets and those purchased by Distributel. Nearly all but a couple of employees followed the assets. That effectively "gutted" this enterprise.
TNW Wireless Inc. and TNW Networks seem to have both failed in spectacular fashion. TNW Wireless no longer has a working cellular network. No subscribers, no roaming agreements, no revenue and no earnings. It and Benoit Laliberte, UAMA CEO are the laughing stock of the Canadian wireless community.
More problematic however is that Mr. Benoit Laliberte has been labeled a convicted criminal by The Canadian Press. He was found guilty of 41 counts of stock fraud, market manipulation and deceiving investors back in 2008 by a Quebec Court. Later based on an appeal by the AMF, he was found guilty of a further 3 counts by another Court. Needless to say UAMA has trouble raising capital with a convicted criminal at the helm.
United American Corp (UAMA) Dark or Defunct
OTC Markets labels UAMA as Dark or Defunct
Caveat Emptor
United American Corp (UAMA) Flag up!
OTC Markets labels UAMA as "dark or defunct"
Caveat Emptor
Uniited American Corp (UAMA) Just in case you missed it, Mr Benoit Lakiberte, UAMA CEO is convicted criminal according to The Canadian Press.
Huge UAMA failure! Anti-trust case DEAD!
UAMA's counsel quit in December 2020.
United American Corp. v. Bitmain, Inc. (1:18-cv-25106)
Now appears totally DEAD!
Chalk up another fail to the list. Like:
- TNW WIreless and TNW Networks both dead!
- iPCS technology dead!
- Teliphone-Navigata-Westel gutted by $47M bankruptcy!
- Inelco & Teliphone listings revoked by SEC
- etc. etc. etc.
No upside at all for UAMA. Any stock movement purely diddling by MMs.
UAMA vs. Bitmain appears DEAD! Another failure.
UAMA's counsel exited in December, 2020.
United American Corp. v. Bitmain, Inc. (1:18-cv-25106)
This case now appears DEAD! Another Benoit Laliberte FAILURE!
CAVEAT EMPTOR!
UAMA anti-trust suit "dead in the water". Failed!
Just like UAMA et al patent litigation, the sophomoric attempt to file a Anti-trust claim appears to have failed under Benoit Laliberte, CEO. He's developed a real skill at losing. A total waste of money and time on frivolous litigation.
Anti-trust suit "dead in the water". Failed!
Just like UAMA et al patent litigation, the sophomoric attempt to file a Anti-trust claim appears to have failed under Benoit Laliberte, CEO. He's developed a real skill at losing. A total waste of money and time on frivolous litigation.