Slow and steady wins the race
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I just went back to May of 2015 and there were days when the stock traded ZERO shares. After the CEO took out the trash there is a very clear and obvious build in volume and trading metrics just like the mans letter said.
2016 the volume increased to several hundred thousand shares daily and even broke a million by quite a bit. The real build started in February of last year and has continued to improve. This company had maybe 1-200 shareholders 3 years ago I'm guessing and now has thousands! Price is down but it needed to be because the company was making NO money! Now the company trades over 30M shares a day and for the first time in its history it is making money!
I just dont see where you get that the CEO who has literally turned the company around, saved it from bankruptcy and has shown through action to be making improvements, is fraudulent. Seems to me you are a day late and a dollar short on your opinion of this company and its management.
Maybe 3 years ago you could have sold that but now it just aint true. Not that I dont think this CEO has made mistakes. FAR FROM IT! I have had my disagreements with him but fraud? I dont see it
Thats not accurate. Going back to July of last year UATG has averaged millions of shares daily and during the month of December when ALL tickers see a decrease in trading this company still traded millions of shares daily. If I am not mistaken the month of December had an average of around 8 million shares a day.
In the CEO letter that was put out the company said it has increased its daily trading volume and daily dollars traded by several thousand percent. Most of us here verified the statement to be true. In fact the stock has been trading several hundred thousand dollars weekly BEFORE convertible debt instruments.
How do you buy Twitter people on your page?
When you say "bought" what does that mean? Are you talking about advertising budget?
When has he done that?
Fair point but these videos seem to be VERY expensive and right now we need to be investing in generating sales. Mr. Umbra hasnt replied yet so I will wait to see what he says
Oh very nice. I have not used it yet. I will have to try it out.
Messenger? Is that the new chat thing on the company webpage? If so that they are doing that.
Oh the hospital curtains. I got confused.
Is it my old age or is this the first time we are hearing about privacy curtains?
Who is that from? Is that from the CEO or did you e-mail the company? Privacy curtains!? When was that announced?
He hasnt lied to me yet but I see your point. I was giving the man the benefit of the doubt.
I sent an e-mail to the company. We cant afford these types of commercials. They are obviously professionally done and very expensive. I appreciate the quality but we need revenue not expenditures.
I will let you know what the company says
When I spoke with him he said sock sales were going well. Do you know how we can we verify sales and Amazon reviews?
What sock are you looking at that is 1 inch higher? I dont see it
Never mind. It is for pre-ordering sign-up right?
I am confused. Didnt we already know that these were coming? Why the video?
I also received a return call from Next Cast today. She was very pleasant and commented on the fact that she has received a few calls about UATG today asking about the company and the relation between the two companies (guess some truth was told earlier for once).
She told me she is not in the office, works remotely most of the time because she is marketing based and apparently use to live in CA (apparently she never changed her number).
Guess the number works and goes to a real person in TX.
Well I am glad I didnt miss too much. Came in for lunch and I see more top notch DD being posted. So here we go:
Why would a PRIVATE company, with no stated tie to UATG have to report to the SEC? They are private. They have no stated business with UATG. Maybe they formed the company because that was the company they were at some point considering taking public or were going to make yet another non-public wholly owned subsidiary?
Maybe not but what sinister action does forming a company then dissolving it imply? I dont see the issue.
That is referring to the Franchise Tax not the company itself BUT that doesnt matter since Next cast never said the debt was incurred in 2016! READ the court filing. It clearly says that its the debt for Rigid Orthopedics. Boy, you are really going to look silly when you call the "courts".
Dont feed me a cow patty and tell me its a pancake fella! We may do things a bit slower down here but that dont mean we are stupid!
Again, incomplete and bad DD. This has already been answered several times on this board. Next Cast is owned by the same folks that sold Rigid to UATG. The debt has been on the books for YEARS! Are you implying that they planned to create a fake company almost 4 years into the future all to dilute the company with a cap structure that didnt even exist back then? If they could create a plan that far in advance to make money then why didnt they just make a product and then sell it?
Hold on. Wait. They DID! They researched and developed many technologies and are in the process of bringing them to market. They started last year with hygieia socks. Wait a moment, come to think of it they also released videos of not one but TWO surgeries on two other products! Where is the money going? Looks like research and development to me or are you now implying that research and development on implants and bone fixers are cheap and easy to get developed and cleared in the market?
Another point, If you had taken the time to read ANY of the filings you might have noticed that when they bought companies it actually cost money (and stock).
By the way, having the money to develop products does not mean you have the money to deliver the product to market! I have learned this the hard way and THAT's where Mr. Umbra should be held accountable. He should have developed ONE product and kept cash in reserves to bring THAT ONE product to market to generate revenue NOT develop dozens of products that now one can buy. I have discussed this point specifically with him and he readily admitted he made mistakes.
I am just grateful that they are finally selling a product and making some money
I have searched and even tried calling Duluth Trading company to find these antimicrobial boxers. No one answered but that is probably because they are in Wisconsin and are in my timezone. Also, I went through their website and could not find silver antimicrobial boxers. No surprise there
You know I was told that one or more of the folks from this companys past were on this board. How likely is it that you might be one of them trying to get back at the company?
You did NO DD or you sir are the liar.
I am done going down snake holes to do DD for folks that are either lazy or shorting the stock. Its no way to earn a living!
Next Cast IS a TX company. As we have already verified last year. I went to TX SOS and this is what I found:
NEXT CASTING TECHNOLOGIES CORPORATION
Texas Taxpayer Number 32059648462
Mailing Address 13610 MONEY TREE SAN ANTONIO, TX 78232-4967
Right to Transact Business in Texas FRANCHISE TAX INVOLUNTARILY ENDED
Request tax clearance to reinstate entity
State of Formation TX
Effective SOS Registration Date 02/18/2016
Texas SOS File Number 0802394715
Registered Agent Name STEWART WEDGE
Registered Office Street Address 13610 MONEY TREE SAN ANTONIO, TX 78232
Heres the link:
https://mycpa.cpa.state.tx.us/coa/coaSearchBtn
Here we go again with accusing me of being the CEO. Very similar to your not so eloquent private messages. You are clearly shorting the stock which is why you put out false information.
By the way the UAT office in TX is not in Bee Cave. Perhaps that is why you couldnt find it. I would also ask, what number did you call in TX considering they dont list it on website? Interesting
I just called and received answering service 512 329-2664.
Odd that when I call the number on their webpage it answers. Again, do your DD before accusing people of being a liar.
https://www.nextcasting.net/
Its under contact:
ADDRESS:
12600 Hill Country Boulevard
Bee Cave Texas 78738 USA
PHONE:
512 329-2664
EMAIL:
info@nextcasting.net
HOURS:
Monday - Thursday: 10am - 6pm
Friday: People work on Fridays now?
Saturday - Sunday: Best not to ask.
Let us know what he says. UATG has a ceramic implant so I would be interested in knowing what the man at the top says
Your DD is questionable at best. They released a video to announce they are on Amazon. You must have missed it? Missed the entire Youtube channel?
As for office in TX, I have been there. Are you now saying they are no longer there? Have you called the office? Sent e-mail?
What exactly is suspicious about a CEO keeping trusted people around him through several companies over the years? Seems to me he has a trusted core group. Like many of the rest of us.
And yes, I was away and am now back in front of a computer.
One question, why do you invest in a company that you clearly hate and claim or imply is completely fraud? You have been in UATG for at least half a year. You could have sold at anytime, Why not?
I spoke with him. Updates coming. Hes keeping tight lipped on things for now. I think we are getting close to whatever it is they are going to do so hes not talking too much. I also had to travel unexpectedly so couldn't really discuss much
I was wondering where he went. I thought something serious might have happened to him. Glad hes ok
What happened to Tyaz?
More than half of todays volume was buying up. Thats not dilution. Also the 3a10 was done a few weeks back and is complete. I suspect they have more shares to sell but thats not the company selling.
Wow! Does it really matter since we all know wht he meant? lol We will argue about anything on this board. Lets get back on topic. So does anyone have an opinion on where all the buying came from earlier? Feels like I a missing something.
You are correct. I am speculating but arent we all? I have also said many times that everything I say is just my opinion. I am in no way saying I know for sure what the stock is going to do because that would be impossible but I do think certain indicators are present that would suggest a certain strategy. I also, have no inside information. ANYONE can call the company and ask questions just like I do. I have no inside information but I wish I did! I apologize if I have misled anyone into thinking I have any inside information or know anymore than anyone here.
You and me both! I get the sense we are close to the company making an announcement which would signal the merger happening.
Average trading volume for the past 6 months looks to be just under 20M a day. If after they merge with a company they capture 1% of that volume and maintain minimal requirements to uplist at $3 pps, the will be trading $600k/day or$12M/month! To be honest I would be have a quarter of that because that would be huge for this company and all the shareholders!
They shouldnt buy any shares. It would be a waste of company capital. They should put money into marketing and delivering revenue. Price will take care of itself IMO
Its been mostly buying today. This might actually be the company buying more at low levels while they are cheap
Also, they apparently hired a few folks for sales and management. He said it was for biotech division and for the medical devices and hospital supply. He wouldnt give any details but did confirm clearview and the bone pin as some of the devices to be sold
He said that all the new socks are on the way as well as the boxers, pillows and a few other things that he wouldnt disclose. I get the sense that they have really expanded the Hygieia line. He seemed really excited about what was coming and pretty pleased with what he referred to as significant progress although I am not sure I share his excitement about "progress". Hes running out of time to merge if he is in fact using that strategy to uplist by end of year. Its a lengthy process and Q1 is basically over!
Buyback started last year. Someone asked him about that and posted the response. Looks like they bought several million shares at the time