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No real upside here! Just MMs diddling!
Take notice:
-UAMA asset base totally gutted by $47M bankruptcy.
- TNW Wireless Inc. has totally failed. (no working cellular network, no revenue, no earnings)
- UAMA CEO is a convicted criminal per The Canadian Press.
- UAMA CEO has been an undischarged bankrupt for ten (10) years!
- SEC Complaints filed by Whistleblower for fraudulent public filings in 2019
- Quebec Court has ordered shut-down of crypto-currency mining.
- No wins after 4-5 years of patent litigation (no courts wins, no licencing agreements)
- iPCS technology totally rejected by the market, and the telecom industry.
So where's the upside?
No company ever successful with convicted criminal as CEO.
The Canadian Press says UAMA CEO convicted criminal. The Supreme Court deaf to the cause of Benoît Laliberté
Worth noting that if, at the time, Benoit Laliberte, UAMA CEO had been tried in another Canadian Province he would have gone to......PRISON.
See the last paragraph in the article below:
By: The Canadian Press on: 2011-04-21
The highest authority in the country refused to hear the appeal of the former president of Jitec. He will have to take out his check book and sign an amount of $ 800,000 for which he was sentenced for insider trading.
Benoît Laliberté did not want to appeal his conviction, but argued that he only had to pay $ 20,000 according to his interpretation of the section of the Securities Act that provides for fines.
The country's highest court today said it was not going to look into his case.
Pas de quoi se réjouir pour Benoît Laliberté qui posait ici avec son avocat Pearl Reevin
Benoît Laliberté who was here with his lawyer Pearl Reevin
He was convicted in 2008 of about 40 counts for violating the Securities Act in 2000 and 2001, when he was President and Chief Executive Officer of Jitec, a publicly traded computer company. from Montreal.
During this period, Mr. Laliberté had acquired thousands of Jitec shares through several thirds, while the appropriate insider reports had not been made. Then the hasty announcement of a partnership with a telephone company had pushed up the value of the title.
The Autorité des Marchés Financiers criticized him for insider trading and the dissemination of misleading information "likely to affect the share price".
He had avoided prison because his crimes were committed before the law was amended in December 2002, which opened the door to the imposition of a prison sentence.
Of course if it wasn't true Mr. Benoit Laliberte would file suit against The Canadian Press, so the truth is clear here! Benoit Laliberte is a convicted criminal.
All of this NEVER PROPERLY disclosed in UAMA, Inelco or Teliphone public disclosure documents.
The SEC does and will act on such violations and likely just a matter of time!
UAMA CEO did knowlingly commit fraud violating US law!
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 unfit to hold office.
E & Y is Ernst & Young!
Character and demeanor of UAMA CEO on full display here.
"E &Y is fucked if you confront me one more time" is title of e-mail sent by Benoit Laliberte to an Officer of the Court.
This is a direct quote from a May 19, 2019 e-mail entered into evidence via Affidavit in the continued CCAA Proceedings in the Supreme Court of BC.
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
This speaks volumes to the character, ethics and business practices of Mr. Benoit Laliberte, UAMA President, CEO and CFO.
And.......The Canadian Press has labeled Mr. Laliberte a convicted criminal for his being found guilty of 44 counts of stock fraud, market manipulation and deceiving investors!
Benoit Laliberte, UAMA CEO is unfit to hold office.
E & Y is Ernst & Young!
Character and demeanor of UAMA CEO on full display here.
"E &Y is fucked if you confront me one more time" is title of e-mail sent by Benoit Laliberte to an Officer of the Court.
This is a direct quote from a May 19, 2019 e-mail entered into evidence via Affidavit in the continued CCAA Proceedings in the Supreme Court of BC.
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
This speaks volumes to the character, ethics and business practices of Mr. Benoit Laliberte, UAMA President, CEO and CFO.
And.......The Canadian Press has labeled Mr. Laliberte a convicted criminal for his being found guilty of 44 counts of stock fraud, market manipulation and deceiving investors!
AMF Cease Trade Order
Announcement | 03/26/2020
DECISION No 2020-IC-0005
File No. 43804
March 26, 2020
Cease Trade Order
United American Corp. (the "Issuer") is a reporting issuer of the over-the-counter market in Quebec subject to Regulation 51-105 on issuers listed on over-the counter markets American, CQLR, c. V-1.1, r. 24.1 ("Regulation 51-105");
The issuer has failed to file with the Autorite des marches financiers (the "Authority") the documents and information required under section 73 of the Securities Act, CQLR, c. V-1.1 (the "Law") and section 5 of Regulation 51-105 (the "default");
Given the failure of the issuer to remedy the default on the date of this decision;
Considering Articles 265, 267 and 318 of the Law;
Given the powers delegated in accordance with article 24 of the Law on the supervision of the sector financial, RLRQ, c. E-6.1.
Consequently, the Authority:
banned United American Corp. and its securityholders, brokers and their representatives, as well as to any other person, any activity related to operations on values of the reporting issuer in the over-the-counter market because the latter did not in compliance with the obligations set out in Regulation 51-105.
The Authority may revoke this decision under section 318 of the Act if the issuer remedy the default satisfactorily.
Martin Latulippe
Continuous Information Director
OGI / ale
Original (French)
Expect SEC to convict Benoit Laliberte!
Identical cases so expect a similar conviction and penalties.
https://www.sec.gov/files/Judg12-cv-02716Brooks.pdf
SEC conviction in identical case to UAMA.
Benoit Laliberte claimed "NO" to question in Pink disclosure documents to question on "prior convictions in past ten (10) years! Clearly a falsehood as there is evidence that the Court's decision on the AMF appeals resulted in Judges decision finding Mr. Benoit Laliberte guilty of three (3) additional counts in 2009. Evidence is clear and unambiguous!
Brooks did same thing only he was small time compared to the 44 convictions amassed by Benoit Laliberte for stock fraud, market manipulation and deceiving investors.
https://www.sec.gov/litigation/complaints/2012/comp22442.pdf
Benoit Laliberte, UAMA CEO found guilty! The Supreme Court deaf to the cause of Benoît Laliberté
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:
By: The Canadian Press on: 2011-04-21
The highest authority in the country refused to hear the appeal of the former president of Jitec. He will have to take out his check book and sign an amount of $ 800,000 for which he was sentenced for insider trading.
Benoît Laliberté did not want to appeal his conviction, but argued that he only had to pay $ 20,000 according to his interpretation of the section of the Securities Act that provides for fines.
The country's highest court today said it was not going to look into his case.
Pas de quoi se réjouir pour Benoît Laliberté qui posait ici avec son avocat Pearl Reevin
Benoît Laliberté who was here with his lawyer Pearl Reevin
He was convicted in 2008 of about 40 counts for violating the Securities Act in 2000 and 2001, when he was President and Chief Executive Officer of Jitec, a publicly traded computer company. from Montreal.
During this period, Mr. Laliberté had acquired thousands of Jitec shares through several thirds, while the appropriate insider reports had not been made. Then the hasty announcement of a partnership with a telephone company had pushed up the value of the title.
The Autorité des Marchés Financiers criticized him for insider trading and the dissemination of misleading information "likely to affect the share price".
He had avoided prison because his crimes were committed before the law was amended in December 2002, which opened the door to the imposition of a prison sentence.
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!
$47M bankruptcy and criminal CEO killed UAMA.
There's nothing left at UAMA.
Wonder if they have any miner "TENANTS" left?
They're afraid to publish any reports as the financials are likely very DISMAL.
It's been over a year since UAMA last filed Pink and financial reports. Last quarter reported was 3Q-2019 (calendar).
Heed OTC Markets and AMF. OTC Markets has labeled UAMA as "dark or defunct" and AMF issued a Cease Trade Order last year.
If is sounds like a fraud, smells like a fraud, its probably a FRAUD.
Heed OTC Markets warning on UAMA!
OTC Markets labels UAMA "Dark or Defunct"
Caution-MMs diddling w/UAMA.
Very delinquent filer last 3Q-2019.
No underlying value.
Rumored to have shut-down miners and recently announced they only a landlord renting old processors and sophomoric “Blockdomes” to third party!
TNW Wireless has totally failed with no subscribers, no roaming agreements and no revenue or earnings.
Bankruptcy filing ($47M) has totally “gutted” asset and employee base. Very little left!
UAMA a Big Turd! It's worthless along w/team!
You could label complicit posters as well.
Benoit Laliberte and his team of miscreants has NEVER built a business of lasting value.
Benoit Laliberte did manage to get himself labeled as a CONVICTED CRIMINAL by The Canadian Press and Supreme Court of BC filed affidavits prove his has been an undischarged bankrupt for over ten (10 ) years!
UAMA management never accomplished ANYTHING!
Diddling by MMs only thing moving stock!
Only thing big is MMs diddling!
Welcome back! UAMA not a miner! Landlord only!
All the BS suddenly evident.
UAMA was never a crypto-currency miner and turns out they are only a landlord. That's right a f...ing landlord who simply rents space and the old, out-dated processors to third parties that are actually miners.
This the latest chapter in this fraud.
Where's the upside you ask?
Wait for it!........There is no upside for a company run by a convicted criminal (so labeled by The Canadian Press) and a business that has been so gutted by the $47M bankruptcy that there isn't enough left to build on. It's "hooped" as they say!
They don't even have enough employees left to operate as a small miner, so they're doing all they can with NOTHING!
Don't look for any Pink disclosures or financials anytime soon. It's only been a year and they'd hate to ruin the MMs day by material disclosure of the actual revenues and earnings, if in fact there is any of either.
There is no UPSIDE for UAMA. CAVEAT EMPTOR
Complicit posters part of this POS UAMA.
Who defends a convicted criminal CEO who is still an undischarged bankrupt fully 10+ years after filing?
Complicit posters would have you believe that UAMA worthy of your attention and investment.
Don't be conned by these fraudsters. CAVEAT EMPTOR.
Where's value in UAMA. There is NONE!
Convicted criminal CEO according to The Canadian Press. As Laliberte hasn't sued them we now know that is the truth. Found guilty of 44 counts of stock fraud, market manipulation and deceiving investors.
All you need to know! Once a crook, always a crook!
Breakout? Headed into worthless territory!
Truth's out! UAMA not a miner.
They're nothing but a stinking LANDLORD who rents out mining space on agricultural land.
"Green advantage" likely worth nothing to the TENANT!
Maybe lack of revenues and earnings the biggest reason we haven't seen a report in over a year!
Supportive posters ignorant? Or fraudsters too?
Been talking forever about upside and Bitcoin. For Bitcoing and real miners maybe a connection, though NO CONNECTION from this UAMA POS that only rents space to REAL miners.
Just more fraud from both UAMA and the fraudulent AHs that promote this fraud!
UAMA not a miner. Only rents space/faclities!
Absolutely no upside from this and no way that this suggests a bright future.
Would have been much better to develop cellular tower sites. That's a real business for a landlord. Just ask American Tower or SBA.
When did you discover UAMA only a Crypto-landlord!
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
Former CEO selling 1.5M shares, $0.01 per share.
According to my records I have over 1.5 million shares of this POS.
Documentation in place that proves my ownership. If UAMA withholds stock it will be considered a RETALIATORY ACTION under Sarbannes-Oxley and Dodd-Frank.
If UAMA believed it was worth more they'd buy it and be rid of me as a shareholder. Until then I'll continue to warn the public of this fraudulent enterprise, even though I'm a shareholder with a vested interest in seeing the company be successful. Ethics more important to me and until UAMA replaces the convicted criminal CEO, as The Canadian Press has labeled him, I'll continue my crusade.
Don't forget everything except landlord operations of Blockdomes has failed! Wonder how much rent they collect. Maybe $10 to 20,000 per month $CDN is likely all.
Bottom line, they don't believe its worth $0.01 per share! And....they don't have the money!
That probably explains why no Pink disclosure or financial reports in over a year!
Pay me $0.01 per share and the lot can be yours!
So Benoit call Kyle Stevenson at (604) 788-0537 anytime.
Pay penny/share. 1.5M shares at $0.01/share.
According to my records I have over 1.5 million shares of this POS.
Documentation in place that proves my ownership. If UAMA withholds stock it will be considered a RETALIATORY ACTION under Sarbannes-Oxley and Dodd-Frank.
If UAMA believed it was worth more they'd buy it and be rid of me as a shareholder. Until then I'll continue to warn the public of this fraudulent enterprise, even though I'm a shareholder with a vested interest in seeing the company be successful. Ethics more important to me and until UAMA replaces the convicted criminal CEO, as The Canadian Press has labeled him, I'll continue my crusade.
Don't forget everything except landlord operations of Blockdomes has failed! Wonder how much rent they collect. Maybe $10 to 20,000 per month $CDN is likely all.
Bottom line, they don't believe its worth $0.01 per share! And....they don't have the money!
That probably explains why no Pink disclosure or financial reports in over a year!
Pay me $0.01 per share and the lot can be yours!
Call Kyle Stevenson at (604) 788-0537 anytime.
1.5M UAMA shares at a penny per share!
According to my records I have over 1.5 million shares of this POS.
Documentation in place that proves my ownership. If UAMA withholds stock it will be considered a RETALIATORY ACTION under Sarbannes-Oxley and Dodd-Frank.
If UAMA believed it was worth more they'd buy it and be rid of me as a shareholder. Until then I'll continue to warn the public of this fraudulent enterprise, even though I'm a shareholder with a vested interest in seeing the company be successful. Ethics more important to me and until UAMA replaces the convicted criminal CEO, as The Canadian Press has labeled him, I'll continue my crusade.
Don't forget everything except landlord operations of Blockdomes has failed! Wonder how much rent they collect. Maybe $10 to 20,000 per month $CDN is likely all.
Bottom line, they don't believe its worth $0.01 per share! And....they don't have the money!
That probably explains why no Pink disclosure or financial reports in over a year!
Pay me $0.01 per share and the lot can be yours!
So Benoit call Kyle Stevenson at (604) 788-0537 anytime.
Buy 1.5M UAMA shares at $0.01 per share.
According to my records I have over 1.5 million shares of this POS.
Documentation in place that proves my ownership. If UAMA withholds stock it will be considered a RETALIATORY ACTION under Sarbannes-Oxley and Dodd-Frank.
If UAMA believed it was worth more they'd buy it and be rid of me as a shareholder. Until then I'll continue to warn the public of this fraudulent enterprise, even though I'm a shareholder with a vested interest in seeing the company be successful. Ethics more important to me and until UAMA replaces the convicted criminal CEO, as The Canadian Press has labeled him, I'll continue my crusade.
Don't forget everything except landlord operations of Blockdomes has failed! Wonder how much rent they collect. Maybe $10 to 20,000 per month $CDN is likely all.
Bottom line, they don't believe its worth $0.01 per share! And....they don't have the money!
That probably explains why no Pink disclosure or financial reports in over a year!
Pay me $0.01 per share and the lot can be yours!
So Benoit call Kyle Stevenson at (604) 788-0537 anytime.
Closely held, massive volume, insiders getting out?
Stock manipulation and/or insiders bailing out?
UAMA v Bitmain. A fraud?
Did UAMA et al represent they were an actual cryptocurrency miner in this litigation in the ant-trust litigation before a Florida Court?
Was that true at the time of the filing of the complaint or did it change subsequent to the filing date?
If not, it would appear that UAMA has made a fraudulent misrepresentation before the Florida Court.
Landlord? Where are complicit posters now!
Oddly silent as news of the week is:
"UAMA et al nothing more than a landlord"
Never were a serious crytocurrency miner and shareholders never shown the deal with Woodland which was characterized as a consulting arrangement. Lawry Trevor-Deutsch recently cleared that up when he said UAMA et al did not mine and only hosted tenants that actually mined the cryptocurrency.
So UAMA et al nothing more than a landlord renting our space and processors to actual third-party miners!
Complicit posters need to show some evidence that UAMA et al was ever a crypto-currency miner.
As closely held, who is selling off stock?
Suspect the largest shareholder from Quebec where the AMF imposed a CEASE TRADE ORDER last year!
This sudden rise in volume suggests largest shareholder is heading for the door!
Don't be stupid and fund their ATM.
Caveat Emptor.
UAMA just a crypto-miner landlord now! Junk!
As part of the fraud all the press of the past few years focused on selling the impression that UAMA et al was indeed a crypto-currency miner. Now we find out that is NOT THE CASE! UAMA nothing more than a landlord who leases crypto-currency mining facilities to other third parties.
On top of that complicit in this fraud are posters who try and suggest that UAMA et al can ride the wave of explosive value of Bitcoin and other cryptocurrencies. This is total BS as UAMA only the landlord and I expect their tenants pay a fixed monthly rate and nothing more. Further, it is safe to assume that those same tenants won't care about how "green" the BS Blockdomes are! UAMA can't be expected to ride the wave of cryptocurrency values as they are simply a landlord and at the bottom of the food chain!
Crypto-mining was the only real source of revenue in the last Pink disclosures and financials and last reports were for 3Q-2019, over a year ago! Absent any updates it is safe to say that UAMA is near death. A likely deep slump in crypto revenues combined with a severe shortage of working capital suggests this business is dead. OTC Markets has labeled UAMA as "Dead or Defunct" for months.
CAVEAT EMPTOR
No wonder no reports for over year!
OTC Markets warning right on target. Labels UAMA as "Dark or Defunct"
There's absolutely no upside for UAMA now.
Rental income from Blockdomes will only be a fraction of crypto-currency mining revenues.
TNW Wireless Inc. has failed and not actively chasing exploding broadband market. Lack of access to capital keeps TNW Wireless from doing anything.
And.......its nearly impossible to raise capital with a convicted criminal at the helm......and a long and checkered history of serial business failures!
Laliberte has done it again! Killed UAMA!
Labeled as a convicted criminal by The Canadian Press, Benoit Laliberte has killed UAMA.
All the BS about crypto and UAMA being connected to the meteoric rise of crypto-currency just another fraud.
Turns out UAMA is nothing more than a landlord leasing space and facilities to those who really dfo mine.
No upside for UAMA as even if they could find more potential tenants for new projects, they won't be able to raise the capital with a convicted criminal as CEO.
Mr. Laliberte and his ego have killed numerous businesses and this is just the latest.
It should be obvious to anyone with business experience that UAMA has no UPSIDE now!
Nothing but a landlord! Gutted!
UAMA totally “gutted” by $47M bankruptcy caused by convicted criminal CEO (so labeled by Canadian Press) and his incompetence and fraudulent behavior.
Obvious now that UAMA has no significant working capital, no critical employee base and has now resorted to being a landlord for cryptocurrency miners.
It should be clear now to all the complicit posters that this enterprise is now dead!
Buy 1.5M UAMA shares at $0.01 per share.
According to my records I have over 1.5 million shares of this POS.
Documentation in place that proves my ownership. If UAMA withholds stock it will be considered a RETALIATORY ACTION under Sarbannes-Oxley and Dodd-Frank.
If UAMA believed it was worth more they'd buy it and be rid of me as a shareholder. Until then I'll continue to warn the public of this fraudulent enterprise, even though I'm a shareholder with a vested interest in seeing the company be successful. Ethics more important to me and until UAMA replaces the convicted criminal CEO, as The Canadian Press has labeled him, I'll continue my crusade.
Don't forget everything except landlord operations of Blockdomes has failed! Wonder how much rent they collect. Maybe $10 to 20,000 per month $CDN is likely all.
Bottom line, they don't believe its worth $0.01 per share! And....they don't have the money!
That probably explains why no Pink disclosure or financial reports in over a year!
Pay me $0.01 per share and the lot can be yours!
So Benoit call Kyle Stevenson at (604) 788-0537 anytime.
Today's big news! UAMA not a miner! As far as Bitcoin SV, Lawry says he doesn’t know what his clients are mining. He’s just the ‘landlord’, with the mining clients and greenhouse occupants just his tenants. In thinking about growing the business, it is much easier to create domes in locations where there is cheap energy than trying to match economic energy supplies with an existing warehouse or other facility. “We will take the mining to the opportunity,” Lawry says.
UAMA only a landlord. Not a miner!
No link to what's going on with Bitcoin et al. UAMA not even a player, just a simple LANDLORD.
UAMA only a landlord. Not a miner! As far as Bitcoin SV, Lawry says he doesn’t know what his clients are mining. He’s just the ‘landlord’, with the mining clients and greenhouse occupants just his tenants. In thinking about growing the business, it is much easier to create domes in locations where there is cheap energy than trying to match economic energy supplies with an existing warehouse or other facility. “We will take the mining to the opportunity,” Lawry says.
No link to what's going on with Bitcoin et al. UAMA not even a player, just a simple LANDLORD.