Slow and steady wins the race
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The clearview and several other items are patented. I remember seeing it. Some stuff they wont patent because once you do its public. A lot of their defense stuff they wont patent for security reasons. This is not unusual. Lockheed, Northrup and Boeing all do the something on sensitive technology
That depends on the companys assets, revenues and operations. We dont know the company ticker yet so we are stuck waiting until they tell us
It would decrease share count but not dollar value of your holdings like a r/s would. Its much more shareholder friendly because they would base it on equity not share price conversion. Thats why I believe hes doing it. I have been through this before with another company Nextel years ago
depends on if the company had their legal department contact them. I also wouldnt be surprised if the company used its intelligence resources to find out. Its always a bad idea to toy with a man who has that type of background. Something tells me he has a lot of resources when it comes to that sort of thing. He does consult with the government on intelligence matters all over the world so anything is possible in my mind. He didnt seem too worried about it. He already has names and addresses so if he wants to do something I am sure he will.
I am serious are you? If so, do the math yourself. Its not complicated
Again, you are wrong. They have been in the filings as items the company actually paid for with stock and cash. In fact they just finished paying another $300k if I am not mistaken. Remember everyone complained about the company paying its debts and called it dilution? The company bought several companies, technology and patents. Are you saying that has no value now? I think the fantasy is on your part because if the company paid for it the value doesnt go to $0. Imagine how upset you would be if the company paid for things and the value was zero? Seems to me that company has a lot of technology both paid for through acquisition and through development. You cant complain about dilution when the company pays its debts and then ignore what it paid for as having value. You just cant have it both ways
I already have and UTAG meets all the criteria of almost all those standards except for PPS. Thats where a merger comes in. This is exactly why I know I am right about this merger thing. He is going to merge with a higher pps company that is fully reporting which is why he said he no longer thinks an S1 is necessary. When he does that, we will meet all but one standard which doesnt matter because we only need to meet 1 of the 5 standards! This company is going to uplist and its going to be through a merger with a company that is trading at $3 pps or more. Thats how hes doing it. My guess considering the time frame he mentioned is that it is already under way or just about to start to complete it by August
They are not made up. They have been in the financials for years because thats what they paid for the assets/companies/technology/patents they paid for. Thats not made up; its what we paid for as shareholders. Those assets are real and they are paid for. Thats what the last 3a10 was for if you recall. He had to pay the balance on the Rigid Orthopedics company he bought
NYSE Standards
Standard 1
Pretax income: $750,000
Market cap: N/A
Total Assets: N/A
Market value: $3MM
Stockholders Equity: $4MM
Minimum price $3
Operating history: N/A
Standard 2
Pretax income: N/A
Market cap: N/A
Total Assets: N/A
Market value: $15MM
Stockholders Equity: $4MM
Minimum price $3
Operating history: 2 Years
Standard 3
Pretax income: N/A
Market cap: $50MM
Total Assets: N/A
Market value: $15MM
Stockholders Equity: $4MM
Minimum price $2
Operating history: N/A
Standard 4a
Pretax income: N/A
Market cap: $75MM
Total Assets: N/A
Market value: $20MM
Stockholders Equity: N/A
Minimum price $3
Operating history: N/A
Standard 4b
Pretax income: N/A
Market cap: N/A
Total Assets: $75MM
Market value: $20MM
Stockholders Equity: N/A
Minimum price $3
Operating history: N/A
Required to meet all of the following distribution criteria:
1-Shareholders 300
2-Shares 200,000
3-Market value $1MM
Financial Criteria:
1-$2MM in stockholder equity if reported losses from continuing operations and/or net losses in 2 of last 3 fiscal years
2-$4MM in stockholder equity if reported losses from continuing operations and/or net losses in 3 of last 4 fiscal years
3-$6MM in stockholder equity if reported losses from continuing operations and/or net losses in last 5 fiscal years
Thats not accurate. Revenue for microcaps on an uplist can be as little as a few million depending on assets. UATG has $35 million in assets so they could get away with $1 million in revenue. Fees are less than $100k
Its a tall order I know but then again we dont know how far along they are. They have kept news quiet intentionally according to him so we cant really estimate anything. We will know in 3 1/2 months so I guess we wait
I doubt that we will see revenues that high. Unrealistic. They just started advertising and everyone knows ad contracts are 6 months because thats how long it takes to see the full results of a campaign. They just got on Amazon and a month later went Prime. Its going to take a while especially since its only one product they have. The real revenue will end of year after they launch everything and go through holiday season. then you will see those numbers you mentioned. Mr. Umbra said they were targeting 7 figures by year end. That seems high for the first year of a $15 product but we will see
Its a merger. Has to be. I asked about a r/s again and he said "not going to happen". Even asked me why I have been so persistent with such a negative action. I replied,"rip it off like a bandaid and lets move on". He said not going to happen
Continued:
I asked about Forbes and Fox interviews? He said he put both of those off until next month. He said the Forbes interview was for an article they were considering on the company. He said there has been a lot of interest in the company and hes gotten a lot of positive feedback from folks.
When is company uplisting? The target for that is August
How is a sub penny company going to uplist? Would not discuss but understands any reluctance to believe him
Was he willing to come on ihub and address the nay sayers directly? He said he didnt "view that as a productive endeavor". He said he has been made aware of at least a few individuals that have attempted to drive down the pps with negative commentary and the spread of false information. He said it would be "more productive and more reflective" to hold a town hall on Facebook or the web where many more shareholders could participate and where he could interact with shareholders that had genuine concerns as opposed to using the platform for their own agenda. He seemed very excited about the town all and said they are absolutely going to do it after a few milestones were hit over the course of the next 90 days or so. He would not disclose what those milestones were but I suspect it is the uplist because its around the time frame he indicated for the uplist
He was coughing and told me hes still getting over being sick. Call wasnt too long because he had to go to meeting. spoke with him for about 20 minutes or so. This is what he said in a nutshell:
Contracts? He wont discuss them but said that they have been working on many relationships with suppliers, retailers, manufacturers, fulfillment services and other companies. All of which have been going very well
Funding? He again said he couldnt get into specifics but that they have secured funding for several projects but not all. He said that things are being executed in stages and it is not yet time for some of the "other" funding to be put in place because a few other things have to happen in sequence first. This was interesting because it is in line with what I have suggested his plan was to uplist.
Debt paid? He said all the information that they are going to put out through press releases on this matter has already been issued. For specifics and terms he referred to the financial disclosures that have already been put out and that are due out in a week or so.
What other products are coming? Hygieia ankle socks in black, Hygieia HP socks in pink, lavender, black and white, Hygieia crew sock and diabetic socks. He said hospitals and doctors already have samples of diabetic sock. Hygieia boxers in white, black and gray. Also said that the Hygieia privacy curtains are in and are being tested. The pillow is currently being tested and a small redesign was being made because he didnt like the color of something- I think it was some type of label on the pillow and a zipper tab? what ever that is. He said sheets are in and they are being tested as well. Apparently they test everything from the antimicrobial function to wear and quality. He said it takes up to 45 days to complete testing depending on the product. He said he wants every product to not only be the best product out there but to be the best value for the money. He said he believes he can beat any competitor on price and quality and intends to prove it. I have to agree with him on this because the socks are 3 times less than any competitor and made much better than most. He also said that 2018 will be closed out with medical devices and some green technology products.
When are the new products going to be launched? He said the black socks should be available in a few weeks and then the HP socks will come right after. He said all Hygieia products will be released over the next 90 days barring any unforeseen delays.
When is the gun coming? both rifles will be available in 2019 but only to law enforcement and military. He is still considering whether or not to make rifles available to a limited amount of shareholders with holdings above around 5%. He said he was considering making the smaller rifle only available to special forces veterans provided they submit their military release papers. He also said he would make the rifle available to a select few government contractors that are in good standing with the DOD.
I just got off call with Mr. Umbra. He called me out of the blue. I wasnt expecting his call until end of the week but he said he had a few minutes and asked if I would mind doing call now. I was in my truck when he called so I could not get on the computer with all of yall
Just received a message from Mr. Umbra. He apologized for not getting back to me right away. Apparently he has been very ill. To be honest I forgot I e-mailed him. We are scheduling a call for the end of the week so if anyone has questions you want to ask the man himself then send me a message and I will ask him.
I had to check twice when I saw the volume! Very strange Monday
Looks like the boxers are coming soon. Has anyone seen this?
https://www.facebook.com/hygieiatech
When was the website down?
Thats not their address. Must be a mistake. They said they vacated that space a year ago or so:
http://umbraappliedtechnologies.com/contact/
I dont see the pillow or sheets anywhere. Maybe those will only be available through the company or are not coming out yet. Let me know if anyone finds them
Looks like they are getting ready to launch everything. Boxers are on there to now.
https://www.amazon.com/dp/b07bvpvx8q
When I spoke with the company they said they were initially launching just from their own ecommerce website to test different advertising. Once they completed that they would expand their marketing and distribution. Seems like they are done with that and are preparing to launch the rest of the products. I think they are a little behind because I was thought they had told someone that they had hoped to have everything out by April? Maybe it was Q2? I dont recall
Good morning all. Been looking around Amazon after I saw yalls posts. Found this:
https://www.amazon.com/dp/b07bw2fz2c
Chinese tariff announcements has the market spooked. It will pass
I couldnt agree more. We own them now and that is what we call an asset. Steps in the right direction.
Thats pretty one sided. What do you think the folks over at Rigid Orthopedics would call it? Payments for services that they never were paid on?
Nothing was "intentionally" done specifically to "target" us. The man had to clear/pay debt. What would you have him do, default and not pay his vendors or suppliers? How long do you think they would be in business then? Vendors, contractors and suppliers would stop extending UATG credit and we wouldnt even have socks right now. Everything is not so simple and one sided. Look at where the company was 2-3 years ago and where it is now. Progress has been made and its heading in the right direction. At a snails pace but I will take what I can get.
You are correct
The 3a10 is an SEC exemption. Its a settlement mechanism not a law suit. Its a pre-agreed settlement on debt that was on the books for nearly 3 years. Subtle difference but different just the same. Not a scam although you are correct some do take advantage of the loop hole. A legal loop hole
Cat, I dont think he reads the board. lol. He tells me to stop reading it every time I speak with him. He thinks there is a lot of intentional misinformation on the board and hes right! IMO. Heck, my partner and my wife tells me to stop almost every day!
I know the IR team gives him summaries from all boards when they think its important but he told me he doesn't have the time to read boards or engage in such things. He feels there are a lot of folks trying to take advantage of less experienced folks on the board and using the boards to manipulate price.
I dont think those numbers are realistic. Once the other products are selling we could see those numbers. Price point on socks is too low and would require very big contracts to fulfill. No, I think the real revenue is coming end of year after they launch all the hygieia products and after the medical devices are being sold. The implants and medical devices average about $2,500.00 each if my memory serves me correctly.
I think the CEO is focused on an overall successful year instead of a big jump in one quarter. The way he puts it, his main focus this year is the uplist of the company. Hes obsessed with it and wants to get out of the otc. I think thats his definition for success this year. IMO
I think we see some to little revenue "reported" this Q. I dont think the company is putting all their cards on the table right yet. They have been much more transparent in their filings over the past 2 years but I noticed a few things with the way they run their accounting lately. They actually seem to have tried to downplay revenue in their last Q which seemed intentionally confusing which is just one reason I have felt the price being low is what they want for right now. I know they have a lot in the works but we havnt seen not one single press release on any of it. Heck, right here in my home state they have met with officials on water purification but when I ask them about it they near deny that what I am being told is true! Why!? Wouldnt that be good news and show the shareholders that they are actually working on many ways to drive revenue?
Mr. Umbra designed and tested the gun himself. He has a lot of experience with that sort of thing and there is nothing standard or out of the box about the gun. I have had many discussions with him and my son about this rifle and have seen the man use it at the ranch. My son is retired Army Ranger and he loves the gun! the gun shoots fast and accurate and you are incorrect about what the Army will pay for the gun for special forces. They pay more for better equipment. My son verified it with his old CO.
Apparently yall are waiting on me for something? please remind me because I am old and things tend to slip my mind when I get busy.
As an FYI, I am not lying about the pps I am in at although I have been able to average down. been with the company for over 5 years and no, I will not get back into that story. Posts are logged and doing DD for those who want it spoon fed to them like a an orphaned calf are getting tiring,
Wow! Mr. Inspector have you been to the gun website? Where did it claim to be a "super gun" or that it was an Adams Arms gun? We all knew who assembled the the gun for them. Go to Adams Arms website if they are still in business (UAT separated from them because of QC issues) and see if you see anything remotely like a UBR? The only thing from Adams Arms that UAT uses is the piston system. You might want to go read the past few years of letters and press release before you start touting some superior insight to what is "really" going on with the company because from where I am standing you are really falling short on the DD.
I just dont understand why someone who literally never has anything nice to say still stays in the this so called pos fraudulent company?
You might be right about that but I am still scratching my head on the fact that the company hasnt put out news yet.
I have to trust the man I guess. Hasnt lied to me yet and one of the folks who knows him best once told me that the man was so honest that you could play craps with him over the phone! I sure hope thats true because them last two fellars he had to get rid of were as crooked as a dogs hind leg for sure buddy
If youre flipping penny stocks daily (hourly) you are correct but if you are long in a company the fundamentals matter regardless of what exchange a company is traded on (even if the company is private and you invest in it). Problem is that most of the ceo's and so called investors on the pinks dont understand the fundamentals nor do they care to. Its all about making a quick buck today day in day out. Tripping over dollars to get to cents
I completely agree!
I just went back and in December the company traded around $300k in stock for the month. Now they do nearly that a week. This month alone they have traded. This month alone they have done almost a million dollars in trading.
That is serious market liquidity with a lot of folks interested in the company.
Go back 5 years and there was almost no trading at all.