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Only upside for largest shareholder using as ATM.
Nothing left of UAMA et al. Even Chairman Cote has left. Think he was father-in-law of CEO so that tells a lot of his confidence in this fraudulent enterprise.
Benoit Laliberte has killed numerous companies. Teliphone, Inelco, Navigata, Westel, etc. etc. and you can likely add Investel and UAMA to that list.
Everything he touches turns to SH_T! It's in his DNA.
No news, no revenue, no earnings, no UAMA future!
Management doesn't dare report on the status of this now DEAD enterprise.
Show us the money! Show us the revenue. show us the earnings, Show us you really have some working capital!
Otherwise, safe to assume this fraudulent enterprise is Dead.
Any trading is likely largest shareholder using as ATM.
Don't be stupid and fund the withdrawals!
TNW Wireless Inc. is DEAD! Huge failure!
1) Appearance before the CRTC displayed ignorance of the wireless industry on the part of TNW, Laliberte and Trevor-Deutsch.
2) TNW Wireless in violation of Terms of Spectrum Licence as no operational network, no subscribers no roaming agreements and no revenues and they misrepresented their status as a active network operator.
3) RuralCom had signed roaming agreements with AT&T,Sprint, T-Mobile and Verizon and was market ready.
4) TNW Wireless could have immediately launched as wholesale roaming carrier and capitalized on the US roaming revenue along the Alaska Highway. Like Commnet Wireless LLC did successfully in the rural US.
5)Could have been $30-50M revenue business today with 40-60% EBITDA if they had!
6) Record shows TNW sat on their hands while Bell, Telus and Ice Wireless overbuilt so now no need for TNW Wireless in the local markets.
7) Sandeep Panesar, TNW Wireless CEO left TNW Wireless in 2018 after failing to move business forward. CCAA Proceedings has gutted any employee base they had that could have been put to work on wireless. No upside or recovery for TNW Wireless Inc.
Stock Fraud, Market Manipulation Deceiving Investors by CEO! CP (Canadian Press) 49. As stated above, Mr. Laliberte is an undischarged bankrupt. Despite this, he has claimed
Mr. Benoit Laliberte is President, CEO & CFO of UAMA! All three positions held by Mr. Benoit Laliberte who was found guilty on 44 of 48 counts, stock fraud, market manipulation and deceiving investors. What kind of a company has convicted criminal CEO? CAVEAT EMPTOR.
evidence:
https://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/[
and more evidence:
PUBLISHED FEBRUARY 22, 2008 (Toronto Globe & Mail)
UPDATED APRIL 26, 2018 (Toronto Globe & Mail)
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contract.
Then there's the FAILURE to properly disclose material PERSONAL BANKRUPTCY to investors. Evidence in CCAA Proceedings said the following:
to be an officer and/or representative of a variety of companies in the TNW Group, most
recently being Teliphone and Investel Capital Corporation.
Caveat Emptor - CAVEAT EMPTOR
No news in over year! Massive coverup!
No progress or they would have told you so.
Miners ordered shut-down by Quebec Court. Status likely bad. Likely no revenues from cryptocurrency mining.
TNW Wireless a massive failure with no road back. A write-off.
Patent litigation a total waste of money and resources. Zero results. No court awards and no patent licencing deals.
Patents another joke. If nobody licences UAMA et al patents it is proof they are WORTHLESS.
Which pretty well sums up the value of UAMA after unannounced $47M bankrutpcy still before the Supreme Court of BC.
Warning from OTC Markets on UAMA.
OTC Markets issues warning on UAMA
Direct quote from OTC Markets follows:
Warning! This company may not be making material information publicly available
Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
Heed OTC Markets warning on UAMA
OTC Markets issues warning on UAMA
Direct quote from OTC Markets follows:
Warning! This company may not be making material information publicly available
Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
"E & Y is fu___d" written by UAMA CEO"
UAMA CEO character on public display! Disgusting!
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.
See evidence of unfit UAMA CEO. Court records.
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.
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.
Penal conviction of Benoit Laliberte, UAMA CEO!
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.
Merit found in SEC complaint v UAMA.
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.
OTC Markets issues warning on UAMA
Direct quote from OTC Markets follows:
Warning! This company may not be making material information publicly available
Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
OTC Markets warns on UAMA! CAVEAT EMPTOR
Direct quote from OTC Markets follows:
Warning! This company may not be making material information publicly available
Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
Quebec residents or domiciles in trouble though!
UAMA subject to Quebec rules and regulations so and if AMF find violations they will prosecute and can be expected to contact the SEC.
Quebec residents using as ATM?
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
Quebec residents selling stock? Hmm!
Note: This date telephone call and written advice to AMF as suspected violations of AMF Cease Trade Order by Quebec residents. You know who you are!
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
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
OTC Markets warns on UAMA! CAVEAT EMPTOR
Warning! This company may not be making material information publicly available
Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
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!
UAMA CEO, Benoit Laliberte 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.
UAMA CEO character on public display! Disgusting!
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.
UAMA CEO wrote: "E&Y is fu___d if you confront me one more time"
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.
SEC action will predictably destroy UAMA.
Could SEC REVOKE UAMA just like Inelco and Teliphone? Inelco and Teliphone also run by Benoit Laliberte! All shareholders will be wiped out! History will repeat itself with these fraudsters!
SEC action supported by case law!
Mr. Benoit Laliberte, as UAMA President, CEO and CFO claimed "NO" in response to form question on convictions within past 10 years! See Pink disclosure documents filed in 2019.
Identical infractions though Benoit Laliberte was found guilty of 44 of 48 counts of stock fraud, market manipulation and deceiving investors. So Laliberte clearly outclasses Brooks on number of convictions!
Read the link to see how the SEC prosecuted this identical case:
https://www.sec.gov/files/Judg12-cv-02716Brooks.pdf
Should be a "plug and play" case for the SEC with UAMA and Mr. Laliberte and likely just a matter of time before action taken. When it does it will be devastating to UAMA shareholders and Mr. Laliberte.
Formal complaints have been filed with SEC.
STENCH of fraudulent CEO, complicit posters limit UAMA.
FRAUD permeates this enterprise and all who support it.
Convicted on 44 counts of stock fraud, market manipulation and deceiving investors.
Mr. Benoit Laliberte, UAMA CEO has also been an undischarged bankrupt for over ten (10) years!
UAMA has no future under Mr Laliberte. It will end just like Inelco and Teliphone. Totally worthless!
"Astounding level of fraud here". Convicted criminal CEO!
The Canadian Press has labeled Mr. Benoit Laliberte a convicted criminal.
He was found guilty on 44 counts of stock fraud, market manipulation and deceiving investors!
So egregious are the busiiness practices of Mr. Laliberte that a Supreme Court of BC Judge weighed in on his propensity to regularly breach contracts and agreements.
As President, CEO and CFO of UAMA, Mr. Benoit Laliberte has failed to properly disclose the following material information:
1) Disclosure of $47M bankruptcy of Navigata-Westel et al, the largest brick and mortar operations of what was UAMA, Investel, et al.
2) Disclosure of his own personal bankruptcy. Reported in Supreme Court of BC filings as an "undischarged bankrupt" for over ten (10) years
Finally there's clear and unambiguous evidence that Mr. Laliberte committed fraudulent representation in 2019 Pink filings when he claimed "no" as his answer to question on prior convictions.
There is abundant evidence that there is an astounding level of fraud surrounding UAMA et al.
UAMA management has long history of FAILURES!
Conduct due diligence and look at remarkable list of failures all managed under Mr. Benoit Laliberte who has never built a business of lasting value.
OTC Markets says UAMA “DARK or DEFUNCT”
Is UAMA a criminal enterprise?
The Canadian Press says Mr. Benoit Laliberte UAMA CEO is convicted criminal.
Found guilty on 44 counts of stock fraud, market manipulation and deceiving investors.
Convicted criminal CEO says Canadian Press!
Canadian Press says UAMA CEO convicted criminal!
HIGH probability UAMA has FAILED!
Inelco FAILED!
Teliphone-Navigata-Westel FAILED!
TNW Wireless has FAILED!
Astounding history of fraud. CAVEAT EMPTOR!
No news! No upside for UAMA. Suspect fraud.
Suspect fraud! Part of UAMA DNA.
Look at history. Go read the court records in UAMA, Investel et al bankruptcy before Supreme Court of BC. Lot’s of documented fraud.
Consider bankruptcy of UAMA CEO. He’s been an undischarged bankrupt for over ten (10) years.
Bankruptcies not properly reported!
Bankruptcy of Teliphone-Navigata-Westel the largest brick and mortar operating subsidiary of Investel, UAMA et al still before the Supreme Court of BC. A $47M bankruptcy action which has already seen the business totally gutted with all assets and nearly all employees now gone!
Bankruptcy of Mr. Benoit Laliberte who has, according to court records, been an undischarged bankrupt in Canada for over ten (10) years.
Spend the time to read the court records of the bankruptcy (E & Y) and look at all the evidence presented regarding what one observer called, "An astounding level of fraud"
Manipulation? Where's the value? UAMA Dead!
Say it isn't so!
Where are the reports, press releases, contract annoucements?
Assume there are NONE! It's been over a year since the last.
Any stock movement here simply MANIPULATION.