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.
You should call them and suggest that. Let us know what they say
2019 Q1 is out! On their ay to getting current! https://backend.otcmarkets.com/otcapi/company/financial-report/281594/content
I think everyone that has been watching and doing their DD knows that this ticker wont be profitable until Q1 2021. Thats where the revs are and everyone should know that. They are just getting current and ready for audits. Losses are standard GAAP accounting
These guys are working overtime. Good to see a company that takes things seriously. I feel bad for them working so much but I respect the work ethic. CEO is literally always working with some of the craziest hours I have ever seen a guy do. He responded to an e-mail I sent him last week to schedule a call and the time stamps was 2:30 in the morning! That is insane! When does this guys sleep?
I saw that. Corrected type o's. Odd that they would do it at night. Makes me think that something is coming in the morning.
I agree, you cant make this stuff up....
https://www.otcmarkets.com/corporate-services/information-for-pink-companies?utm_medium=email&utm_campaign=CS_Pink%20No%20Info%20ARS%20RN_February%202021&utm_content=CS_Pink%20No%20Info%20ARS%20RN_February%202021+CID_409d82a0470e7b28e245d928f25ae807&utm_source=Email%20marketing&utm_term=Pink%20Basic%20Disclosure%20Guidelines
Like I said the deadline is JUNE! June 30th to be exact. Not only is this public information the CEO addressed this and told us the date in a video about two months ago.
As long as they hit NYSE by mid year next year we could see this ticker trading at $7-$10 by year end. That happens and I am retiring early. This company will be at $5 by the end of THIS year is my prediction. That happens and price steadily climbs I will start planning to exit stage left of the rat race and move to Florida! Maybe I can have dinner with the man himself when I get here. lol
CEO called me back earlier today. I called him last week but we were having trouble coordinating our schedule. Spoke with him for about 40 min. As usual he was very nice and generous with his time.
He gave me permission to share my conversation with everyone (he said any conversation he has with a shareholder he considers public anyway because he doesnt discuss or disclose 'non-public" info on a call with shareholders). A couple things I thought I should share, he said hes aware of some people attempting to disparage the company by spreading misinformation and if it continues he will have legal take a look at what steps should be taken if any. This tells me he and/or his team are watching all comments across all social media and forums. He said he will be putting together a series that will help educate shareholders on the capital markets as it pertains to UATG and what they are doing. He said he gets the sense that many shareholders are getting their info from people who are either intentionally misinforming others or simply dont know themselves. He wants shareholders to know the truth and decide for themselves. He is not sure when he will begin that series. I thought that was very cool and I offered to help if he wanted. I doubt he will take it but who knows.
He expects 2019 to be submitted to OTC this week followed by 2020 either later in the week or early next week. Legal opinion will accompany 2020 fins.
He has already pulled all banking and accounting records for Q1 2021, for UAT and UATG. All subsidiaries will begin reporting financials to UAT Group's CFO right after UATG has completed submitting all disclosures through 2020.
As soon as OTC signs off on fins and they are current, audits will begin. He "anticipates PCAOB audits to go relatively smoothly" because internal audits have already concluded for most of the subs. This was great news IMO.
He would not confirm a time-frame for S-1 yet. He needed to speak with auditing firm after they have seen everything before he would update his timeline. If I had to guess, S-1 is not going to be submitted in June because audits take time ( I estimate audits on 6 companies to take 3-5 months depending) so expect S-1 to be submitted in Aug/Sep IMO. I confirmed with him that S-1's are running 3-4 months on average. My guess is that UATG gets S-1 approval in Dec/Jan which makes sense considering CEO has said NYSE application might be submitted in Q1 2022. No one submits application to exchange in Dec so they will most likely submit Jan/Feb IMO. personally I think they should submit end of Jan and go NYSE in Q2. More money available from institutions before summer breakout.
I asked about revs of subs and he would only confirm that revs will be in Q1 but I get the sense that the bigger numbers will be in Q2 because some contracts are not live or inked yet. He said he was very optimistic about EOY and even more so about 2022.
When you speak with him about business and the future of the company it becomes clear that he is playing chess. this is a long term plan and its big! I asked about more acquisitions/partners and he confirmed that they are considering others but he would not confirm if any others would be added this year. I get the sense that the answer was yes here but who knows.
I asked if they have funding lined up and he said he has engaged several sources but would not say anything more. Again, I get the sense that the answer here is yes. He wouldn't be moving forward with all this if he didnt have everything ready to go. I asked how much they were seeking in a "Round A" but he wouldnt give me a specific number. I threw out a few numbers and my guess is that they are going to do a Round A and Round B that are most likely over $50M each. Thats just a guess based on my conversation with him and how many subs they have.
To me it seems like they have things under control and the time-line makes sense.
Speaking with him it is very obvious that H2O Processing is the big one and he expects big numbers from them. Bacter Scientific is the next one in line for big revs then Ossifix. The market for Ossifix is huge apparently. UAT is not really going to be bringing big number like H2O Processing until next year. he said UAT will be ramping sales up this year and will grow exponentially next year. He confirmed that the revs for Hygieia Skin are growing daily and the numbers have surprised everyone internally.
I asked if he saw UATG as a billion dollar company and he said he has always seen it like that but he expects it to be realized in the future. I asked when and he wouldnt say. He did say he was in the middle of a 5 year plan so my guess is that he believes UATG will have a $1B mkt cap within 5 years. I tend to agree with him, especially when you consider the multiple this company could be trading at in just over 1-2 years!
I wont type everything up here but they have a lot going on and a lot is headed our way this year. A lot has already happened and we are still only in Q2! This guy is going to deliver IMO.
They changed the website. Looks really good on desktop. Mobile needs work
I was writing things down so I guess I missed a few things
Wow! Video was released 23 min ago and is 22:36 long. When I pressed play there were no views. How did you watch the whole thing!?
Update video is out
It includes things from this year because its an existing material change. It has to be included. As far as mistakes like type o's or key stroke errors, literally EVERY company has mistakes in documents of this size.
As for me saying that they have to be submitted all at once; what I was referring to was the fact that you cant submit an EOY filing without resolving the previous year against it on back dated filings because they are auditing 2 consecutive years for the purpose of becoming fully reporting and S-1. If they didnt the SEC would delay approval with many rounds of questions.
Again, nothing really matters to me except 2021 Q1 & Q2 because thats where all the acquisitions and revs will be. Its 2021, who cares about 2017-2020!? What matters is today and where we are headed.
You should e-mail them and tell them although IMO I dont think any of it matters. There not actual losses anyway. GAP accounting to reflect expenditures. All irrelevant. I want to see Q1 2022. Thats all that matters to me. That and Q2 this year
looks like they found type o's and filed a corrected amendment. CEO must be all over everyone to get it right for upcoming audits. I bet he isnt happy about the correction being needed.
https://backend.otcmarkets.com/otcapi/company/financial-report/280783/content
There was a question on stocktwits that I answered so I thought I would post it here as well in case someone here had the same question.
The fins & disclosure filings are stating that they found errors in 2017 & adjusted for it in 2018 after finding the errors. This is all part of the process in preparing for their upcoming audits after they get current. This doesnt really effect us at all, its all bean counting and formality. They really only need 2 yrs of audited financials to file an S1 but I guess they did 2018 so that every year after was accurate. We dont care about 2017, 2018, 2019 or even 2020 aside from a potential capital infusion that funded acquisitions and all the professional services they paid for to do all of this. I suspect they utilized creative debt financing to fund audits & S1 so it most likely wont matter either way (their are ways to mitigate debt). The real revs & news are going to be in Q1 2021 when they acquired 5 companies & bought equity in 2 strategic partners. All those revs and capital value as well as expenditures will be in Q1. 2018 filings show progress & they are in the process of getting current.
UATG is clearly serious about filing and getting current. They are doing this because they are going to audit the company and are filing an S1.My guess is that they are NYSE first half of 2022.
I have a call out to the CEO to ask a few questions. If anyone has a question they want answered let me know?
This matters why? 2017 and 2018 dont matter!
To be in compliance they only need to audit 2019 and 2020 which will happen after they get current.
2018 Disclosures are posted! They are making progress!!! Next up 2019 and 2020!!! UATG will be current soon!!
I guarantee the deal is done and they are just working out maximum amount of units they can actually manufacture. Commitment is probably already signed now its about purchase orders and time-table for delivery. Thats why hes waiting for official pr
We have had PLENTY of news. The reality is that even after company is current we will still have those short sighted beer budget traders that will refuse to let this run just so they can trip over dollars to get to pennies.
WE NEED A R/S TO RESET THE HOLDERS & be taken serious on real exchange!!!!
then we will lose the penny idiots and get people who understand larger dollar trades in that will hold nd ride to NYSE.
What makes you think he doesnt know that? I suspect its intentional like everything else they have done. I am guessing that he has much bigger news coming and doesnt want the stock to jump too much too quickly. To assume hes an idiot and doesnt understand all this is sort of silly. He has run several companies, used his own money to start this company and has run a public company for 9 years or so. You really think he doesnt know how all this works?
He already said there were delays and apologized a week ago. Lets just see what happens next week. That said do you really care about everything up to 2021? I am more interested in Q1 this year. Everything else doesnt really matter other than just getting current. JMO
My guess is we see something tomorrow. They have been quiet with pr son something must be coming.
They have been very active on social media so I think they are relying on that for now or are focused on building out their presence
CEO did NOT project $95M. He said $78M total from all subsidiaries and that an additional $21M was projected for strategic partners that they ONLT HAVE A PERCENTAGE OF. 10% of Bacter and 20% of Next Cast which would be $1M from Bacter and $1.1M from Next for a total of $2.1M to UATG which brings total projected revs to $80.1M over next 12-18 months.
Price is NOT up based on videos or even ANY announcements (acquisitions or partners) considering the run was way before first video/announcement was made was or even posted. The run came from twitter during the whole gamestop thing when people discovered UAT greentech.
The company has announced 5 acquisitions and 2 partnerships. The company has several products in the marketplace and is making revs. They hired top auditing and legal firm to conduct audits and file S-1. They are in the process of getting current.
Anyone saying that the company is inflated on BS is clearly ignoring the facts. I dont want to hear about what they havnt done 3-7 years ago. What matters is what they ARE doing NOW! You dont like the ticker? sell and move on. This is not a therapy board, its an investment board. Invest or go complain to people who care about your issues elsewhere.
Lets keep the facts straight. Share DD not vitriol!
Thtas why I said he was being conservative yesterday. Cleaning slurry/water is mandatory by EPA and its a huge cost center for oil companies. Those contracts are in the $100M's of dollars. H2O and Bacter are the golden companies IMO
Once they are current we will see a jump. Once Q1 comes out we will see huge jump. Once audits are done and S1 is filed we will see another big jump. Once they announce they submitted NYSE application this company will be trading above $10 easily
Video had some big stuff in it:
1-Hygieia revs growing 15% month over month!
2-H2O Processing contracts are in process and coming in 7-10 days
3-H2O has new strategic partner!
4-New patents being filed.
5-Filings will be in hands of legal next week, following week to OTC! ! 2021 fins coming in a few weeks!
6-New videos explaining how audits, S-1 and uplist work
Very big stuff coming.
New video from CEO! Update
The problem with this ticker is that we have impatient flippers that cant control themselves and refuse to let it ride up. This is exactly why I have been begging for a r/s from this company. Flippers will run for the hills, we will have a small sell off and will recover quickly with long term investors that will hold all the way to NYSE! We need to get rid of the inexperienced traders that are holding this ticker back and dont understand how to invest in a potential AMZN, TSLA, GOOG or AAPL!
You cant realistically do that until we see Q1. Everything up to the end of 2020 is irrelevant. They either got funding, report revenues or both in Q1 of this year when they did all acquisitions. That is where they will show the real revs and real equity. Then we can extrapolate from that. Also, the real news is yet to come. They didnt put out all this news while not being current and have nothing for after they are current. IMO, this is all planned. They wanted this news out and wanted pps under control. CEO doesnt like runaway or overinflated stocks. he kept company dark for 2 years for a reason. He was planning on moving everything into UCIX and when that was not possible he went into his back up plan. All these guys are military and government guys. They plan everything and keep things quiet until they are ready. They also had everyone thinking that nothing was going on for 2 years while they built a conglomerate, probably built some revs and got funding. Does anyone really believe that, that was not intentional!? The CEO might seem nice and all but hes a calculating military guy that does not F%$#! around. He has a plan and I really believe that he is moving forward with a plan that many of us think we understand but probably really dont understand 100%. I am holding and we are going NYSE. When is the question. I believe we will be current soon, audits finished and S-1 filed Q3 this year. NYSE in Q1 or Q2 in 2022. Until then we will see contracts and revs while they build. Should be a good year for UATG. IMO
I believe they have revs and that they were funded. We will find out soon enough
I think hes being VERY conservative with his $78M in revs projection. Hes probably looking to under promise and over deliver (FINALLY). I just dont see how Bacter Scientific and H2O Processing dont take off into the stratosphere. Each of those companies could do $100M each easy. I think hes put UAT on back burner while he builds up the other businesses and uplists so I dont expect too much from UAT this year. I get the sense hes focused on hygieia skin, h2o and bacter. It also seems like hygieia skin is doing very well and might surprise us. He mentioned a goal of $1M/mos in a previous video which is huge considering that they just hit the 1 year mark with that product. I dont want to go too far fanboy here but Ossifix is another huge product. We have been researching bone implants and Ossifix is the only company doing this. I dont know why but they are going to be first to market with this and I think it will be pretty big
Up 20%. I will take it!
Uplist this year is going to be difficult but they can be current and fully audited with S-1 in by end of year. Thats fine with me!! #NYSE2022
We all know you hate the CEO and company. Why, has always been the question. The problem here is that you are VERY biased and not being accurate. The past 5 years have NOT included Ossifix, NextCast, Boost Words, The Dreaming Company, Bacter Scientific, H2O Processesing or HBC Health. This is all in the past 12 months. This is all easily researched and we both know you know this. Why intentionally tell everyone the wrong thing? I just dont get it. You take everything so personally and hate this guy so much. Are you finally going to tell us what happen between you and the CEO?
Its not that simple. There might be a few emotional traders or manipulators out there that doubt the company (or say they do) but the issue with this ticker is not one thing. First you have close to 1 billion shares in the float able to be traded which is a huge plus when you see how the stock performs at the spread and trend it does. Just think about that! That said it makes it difficult to move upward significantly. The stock also is not fully reporting or even current. Add to that market concerns and impending deadline for OTC companies, and you have some serious concerns to overcome with traders. On top of all that this company has been shorted on average by over 30-70% over the past 10 weeks! That is insane! Oh and its still up like 1,600% over past 90+ days! Even more insane!
The company will go current soon (probably next week), revs will be announced, we will probably hear something about FDA on Bacter Scientific. We will most likely see a windfall of announcements from the company (that I am SURE they are holding back because they are waiting on being current). They will announce audits completed soon (probably June?) and S-1 submission date (June/July?). Shareholder letter is coming probably right after they go current and I have a feeling it will be huge.
MM's shorting and screwing with us will go away and momentum will build. This ticker will take off soon enough.
The only worry I have is that CEO wont do r/s and jump us forward to NYSE. I hope he does it and gets us there this year but more likely to happen next year. Either way, if we are fully audit and reporting with S-1 submitted by July, I will be VERY happy and most shareholders will be as well. IMO
as quick as it drops it will ounce back upwards once they are current. We went from 0.0009 to 0.04 in like a week or so. Anything is possible with UATG in this market. Im not worried. TBH does it really matter what the price is once thy go current, announce FDA approval, finish audits and file S-1? The do a r/s to where they need, file S-1 and uplist this beast. Not to mention once we see Q1 and see the evaluations and revs we will be golden. This year will be reorg and strategy. Next year I retire from this ticker! #NYSE2022
You heard him in the video. he said some said to get filings out and not do videos and he said they can walk and chew gum at the same time. LOL He said that too many people like the new communication and they were going to still do it. That said, I doubt 10-15 min videos are holding back fins. Those videos dont even seem edited other than the border and stuff. He probably does that in one take. He doesnt seem like the primp and model type. Hes probably doing it because they asked him to and it doesnt take too much time. The one video was done 4:40 in the morning. I dont think the guy sleeps. I have gotten return e-mails at 3:30 in the morning and after midnight. Hes taken my calls at 9:00 at night and 7:00 in the morning and he was at his desk. Hes a workaholic and a pretty serious dude. I honestly believe he is pushing these disclosures as hard as he can. Even in the video he admits to being too optimistic about time-lines. He seemed a irritated about being behind and even apologized. I respect a man who owns his crap especially in front of thousands of shareholders on video (internet is forever right?). Real dude for sure. TBH hes probably too transparent about what he thinks or estimates. He will learn.
An S-1 is $100k+ and audits for 6 companies is easily several hundred thousand dollars. They have to audit every sub 100% as well as UATG to be in compliance. This is easily costing them close to $500k or more. thats in addition to filing with OTC and $250k to NYSE when they apply.
Watch the video. He owned his mistakes and apologized.