Slow and steady wins the race
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Just got off the phone with Mr. Umbra.
He was aware of the crutch and Clearview being sold. This is what he said:
Clearview: It is an FDA approved and regulated device which makes it illegal for anyone to buy other than a physician or hospital. It is also not legal for anyone other than the manufacturer or medical supply to sell. They discovered it sometime ago, it was reported to FDA and ebay and seller was issued a cease and desist from UAT legal.
Crutch: The crutch was called the e-crutch which apparently is/was an "economy" version of UAT's U-Crutch. It was licensed to a manufacturer but they did not follow UAT manufacturing and customer service guidelines so licensed was revoked.
He asked me to extend his thank you to the shareholder that noticed this and cared enough to bring it to the companys attention.
Of course I had a lot of questions because I did not know they had licensed anything and thought it was odd that they had not informed the shareholders of this agreement! He said it was an old business model that has since been discontinued. He said it was too difficult to monitor quality from a "distance" because they didnt have the infrastructure in place. He did say that they are going to be licensing some technology in the future now that they have the means to. Hygieia is one of the technologies they are looking to license but medical devices will not be one of them.
I also asked about news/updates. He said the company has a lot to tell but it will be released according to a schedule that is already in place. Hes very military and I doubt very seriously he is the type to go "off schedule" as he put it. I did discuss share price and he said he is not concerned about share price at the moment because of what they have in place and what is planned for release over the next few weeks. He said he completely understands why shareholders may be upset put the plan is a long term plan and that it is important to understand that prices may fluctuate but in the long run he anticipates a favorable and healthy evaluation that is more reflective of the company. He said that everything is going according to plan and that they are on schedule for whatever it is that they have planned for the company. He did say that they were a little behind with the product release. Apparently there has been a delay with the sheets due to some issue with quality control. He said the first set of corrected sheets was on its way to testing. They send their products out to test for wear, quality and antimicrobial efficacy.
I asked about M&A transactions for the company and he wouldnt answer.
He speaks fast and I dont write that fast so I am abbreviating what he said exactly
Thank you Vilone. This is very concerning to me. UATG needs to protect its intellectual assets and this is not how you do it. I have forwarded your links to a few folks and we are looking into it. I also have a call out to the company and have requested a call with Mr Umbra about what you found.
If that was true then the did not ledger it correctly on their financials. That would be a problem. I am not sure I can buy into that idea because they did sell a lot of socks and had something like 600 folks sign up for pre-sales if I am not mistaken. Even at $20 a pair (their launch price) they would have only generated $12k so you might be on to something as far as the amount of sales on socks. They might have gotten paid from Nextcast for making the cast for them per that contract but if that is the case then its a little disappointing because I had hoped they would have gotten a bigger contract. Either way I am a little encouraged that they at least have revenue. More DD needed. Thanks for pointing that out
Can you send me the links to these products being sold on the side. I would like to confront the company about this because that is a VERY serious problem from where my money is sitting
I agree with you for once. It does seem far fetched but if they merge with a company it could be possible. Only problem is I havnt been able to find a company that they have affiliations with that are already public.
Not only is that a pretty serious accusation it would not be possible through a 3a10. It would easily be caught by transfer agent, brokerage firm, lawyers and the court. There are so many checks in that transaction that its really not possible. So if he didnt do it through that how did he do it? Nextcast is a privately owned company that actually produces products. How do they pay the bills and still pay off ceo's?
You are guessing at best here and I am not sure what the point your trying to make is. You accused the company of running the company out of the house based on you going to PO Box? The website clearly says that the address is a mailing annex. They dont want people at the office for security reasons. Thats been known for some time. The office in TX is a leased space. Whats wrong with that? The office in Nevada is a shared space as well. Whats wrong with that? The company is selling product and has revenue for the first time in 5 years. Whats "shady" about that? They have released professional marketing videos and pictures of products. Have you seen the amateur videos from 5 years ago or their website back then!? They were really bad. This shows improvement across the companys brand and management. If they were defrauding us, why waste money on improving the products you have no intention of selling? Even if the ceo was getting paid somehow, why does it bother you that he receives a salary for his work? In my experience you get what you pay for and trust me, you dont want folks working for free. One of the concerns my partners and I had from the beginning was the very low salaries in this company at the time. People dont stick around for minimum wage.
3-4 years ago the company had ACTUAL crooks in it. The price was higher but it was NOT trading worth a damn = no market liquidity. The only time it traded was when the crooks wanted it to. The ceo fired those fellars and then set about to undo the damage. 3 years later the company has a product on the market that we all can see and touch, the company has revenue for first time in 5 years, they trade on average 45 million shares a day for the past 30 days (above 10 million a day for 4 months or so and above 8 million for more than 9-10 months?), has pictures of actual products made, videos of TWO surgeries for 2 different products and has more shareholders now than ever before (at last it seems that way to me). Most of this has happened in the past 2 years and you dont think thats impressive? Thats a pretty high standard to hold folks to. Perhaps you should call the company and offer your services because I dont believe I could do that so you are a better man than I am. A lot of complaints, accusations and conspiracy theories that are not backed up with facts and actually seem to contradict what we have actually witnessed. This ceo has stuck with the company and turned it around when it would have been easier to just shut the company down and start over. That tells me a lot about his character.
Calling for a ceo to step down is pretty serious and should be thought through before suggesting it. IMO
It should also be backed up with facts and serious malfeasance on the part of the ceo. I dont see evidence of that. I do see a lot of mistakes they made but that doesnt support removing the man anymore than California wanting to remove the President because they dont agree with him or his strategies. Mr. Umbra said by the end of this year the company will be up-listed. Why dont we see if he actually does it. Hes at least earned that much with me
No. Incorrect. That shows ownership. He’s had them for 3-4 years worth of filings. I actually thought it was more but I don’t see them.
Again, he would have to file a Form 4 at a minimum. There’s is absolutely no way around it. The ceo can’t sneak selling them. He can’t even give them away without filing a Form 4. If he gave them to a non-profit like a church he would still have to file a Form 4 and then a Form 5.
He has never sold any of his shares but if he did when exactly was he going to seek them. There was not enough volume to sell $1.5 dollars worth of stock into the market! Unless he did it over several years. Unfortunately that theory doesn’t hold up because he has had the same amount of stock for nearly 4 years!
As for the CFO, he hasn’t sold any either. No one insider has sold. We know this because there are no filings supporting that theory. None at all.
No. Incorrect. That shows ownership. He’s had them for 3-4 years worth of filings. I actually thought it was more but I don’t see them.
Again, he would have to file a Form 4 at a minimum. There’s is absolutely no way around it. The ceo can’t sneak selling them. He can’t even give them away without filing a Form 4. If he gave them to a non-profit like a church he would still have to file a Form 4 and then a Form 5.
He has never sold any of his shares but if he did when exactly was he going to seek them. There was not enough volume to sell $1.5 dollars worth of stock into the market! Unless he did it over several years. Unfortunately that theory doesn’t hold up because he has had the same amount of stock for nearly 4 years!
As for the CFO, he hasn’t sold any either. No one insider has sold. We know this because there are no filings supporting that theory. None at all.
I already did. I posted the link in response to your text. It’s in the 2016 financials on otc web page.
He did say they were being sold but I didnt know they were on amazon. Is that under UAT or this fella mark?
Why don’t we see those revenues in the financials?
We need to create a list of questions to ask the company. I can email them to him so we get a written response that we can post
I didn’t know about the pillows until I got back from a trip. He never mentioned them before if I’m not mistaken
There is literally no way for a CEO to sell his shares without the proper filings. The stock would never clear the brokerage firm or the transfer agent. Its literally impossible to do. You should know this
Again, show me where they were sold? If they are in certificate form, they are not deposited. If they are not deposited then they can NOT be sold
You already said you know he has ownership because he was issued shares in 2016! Now you say you dont know his ownership? You make this accusation as if you know he sold shares then you say it doesnt matter if he has or not? I am completely confused at what you are saying
This appears to be an engineering firm showing a product stress test of sorts. This doesnt mean they designed anything. I am calling them in morning.
http://www.concurrentdesign.com/
That is absolutely not true. Everyone in the company has there shares in certificate form. If the CEO or any employee with inside knowledge sold shares they would have had to either submit a 10b5-1 plan[1] or trade in an open trading window (typically directly after earnings reports).
Also a CEO must file a Form 4 to sell stock as well as a Form 5 reporting any transactions that were exempt from being on a Form 4.
Show me where anyone in the company has sold stock
No one in the company has sold shares. They have had the same amount for a long time so if they issue themselves shares but never sell them what difference does it make? Cant call that diluting
No I dont. It seemed like a good product. At the time they licensed it to someone but I dont think it worked out
Wow! you need to do better DD. The products are owned by uat and not other companies.
This doesnt make sense. It says Rigid but UAT bought rigid. Either way they bought the company as is disclosed in filings which would mean they own the crutch. He also showed the crutch in video
Non-newtonian? When did he say that? I have never heard that. I did see the crutch in person and in the video though. It wasnt a CAD
Rigid was bought 3-4 years ago. Surprised that this is not common knowledge since the owner of Nextcast was the owner or rigid whom we just paid via a 3a10 and everyone complained about. There is no rigid anymore because it was bought by uat.
as for offices, I have met the man in Austin at there office and if you go to the website the commercial way address has always been a mailing address that they use instead of the actual offices because of security. I believe they did not take the one office in Tampa and went to another because of its size.
As for removing the ceo I think you and he would agree on that since he has said from the beginning that once the company gets to certain point he intends to hire a ceo. He told a few people here that. He wants to work on the specialized stuff and government things only I believe. Personally I think that is a mistake and that this company would never have gotten this far without him, would have never stayed open and would never have made revenue without him. Anyone else would have walked away when facing the stuff he did. Lucky for you he disagrees but I think you to might change your mind by the end of the year if they pull everything together like they have said. The company went from not trading with no product selling to trading heavily with products selling and revenue coming in for the first time in 5 years. You view that as a failure because the stock price hasnt gone back up yet? Were we better off when the stock was a dollar but not trading? Stock was worthless because you couldnt sell it or even give it away for that matter! At least its worth something now! Also, keep in mind, anyone who has spoken to him or kept track of the filings knows that the man has personally funded this company with his own money and an investors circle of close friends. I seriously doubt they are keeping pps down intentionally as has been implied.
Also that was a launch video not a product video. Why would you use that as a sales video or product video to educate consumers?
They did however put it on their youtube channel and across social media.
Not sure where you get 5th grade advertising from because the quality of the video and the amount of sales they had in the first two months doesnt seem to be 5th grade at all. IMO
That video was for shareholders. They sent it to all shareholders directly so they could get the first socks.
The other videos have their website and company name
Has anyone seen the website lately? They are updating it. They are obviously getting ready to launch the other products.
http://hygieiatech.com/
Bedding and boxer links now work and it looks like they designed a pillow!
Wow! So a $1.25 pps with no liquidity was better 5 years ago then .003 trading 35m shares trading a day average?
The problem with traders is that they see things from only one point of view. The stock price.
The company has turned things around over the past two years and is finally revenue positive due to finally delivering a product. The first product in an extensive product line. Thats why I am "invested" in the company
"Failed Promises"? You havnt been around very long. Company was in the toilet and he turned it around after the previous people were crooks! More DD needed
Does anyone have an updated business plan? Can anyone verify that the 2014 business plan is the real business plan for UATG?
Where did you get this old business plan?
CEO has said the guns are not going to be sold to regular folk. Only a few will be made available to shareholders to buy and the price is not $2,000!
The one gun is $4,000 and the other is around $15,000 if I am not mistaken. I don’t recall the government discount price but it is substantial if I recall. The price was originally high to discourage regular folk from buying them when they were not going to restrict who could purchase. This probably means that most of what they make will be machine guns instead of anything we could buy. He has a name for them but I forget what he calls them.
That was before the company became UATG and had nothing to do with current management team. There has not been a r/s on the common shares under new management except on the preferred shares.
What does this have to do with UATG?
Great Work!. I knew some of this but not to the extent you found. Thank you. Have you forwarded this to the company? If not I will if you do not mind?
The last time I had the shareholder count (2 years ago) it was 1,100. Has to be more by now. You are wrong sir.
I never said that he called us yahoos. I refereed to how his IR department makes us look when they send him posts on conspiracies and acquisitions.
If you read some of the absurd posts on this board over the past few months you will understand what I am talking abut.
As for putting him jail...for what? What has anyone at company done that is illegal. This is sort of what I am talking about. Acquisitions without facts because of being upset that an investment isnt going up at the moment. Every stock has ups and downs. This one has it every day
If I am not mistaken he told someone here that he is not altering cap structure further. He was asked about the a/s
Press releases are made public through standard outlets. Why does iHub matter more than Marketwired? Seems to me we all get the press releases just fine. Would you target iHub if all your IR department sent you were posts showing crazy conspiracy theories or accusing him of doing illegal things? Probably not IMO.
I wouldnt consider myself "close" with the man but I have spoken with him over the years because of our investment in the company. I have spoken with more in the last 12 months than I ever had and its because more is happening and I have hope once again. Up until then we all but wrote it off. Made me sick.
To be clear, he never said anything to me about not wanting to post press on iHub. He said he leaves that sort of thing up to the IR department but I would think if he wanted it here it would happen. I would also think that targeting 1 or 2 dozen investors on a chat board is not going to be a priority for a company that has thousands of shareholders. Why should we be anymore special than the other thousands? Just my thought on it
Not to offend you but the only persons timing that matters is the ceo's. He clearly has a plan and our assumptions based on emotions are not going to change anything. When I spoke with him he was pretty clear that everything was on schedule and that reading boards was a waste of my time. I think the only people who read this and the other boards are the IR people at the company and he told me he told them to not bother with it. The stuff they sent him made us look like a bunch yahoo's. I think thats why he doesnt release press here.