Disclaimer: All of my posts/comments represent only my personal opinion and should not be interpreted as professional advice under any circumstances
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I think we will see filings in next week to 10 days. I think they are working on it. I spoke with Mr. Umbra about 15 min ago and he said the CFO was waiting on a certified share activity report from transfer agent and once they had it filings would go in for legal opinion a few days after. I could tell he wasnt happy about the delays and he apologized for delay and missing the mark. I asked about the covid test unit and he said device was going through FDA application review. Pretty big news IMO. My honest opinion is that they have so much going on that its really taking all of them to stay on schedule. I asked about NYSE this year? He said he didnt want to guess an estimate but he felt very confident that that S-1 would be completed this year and once that happens he would assess NYSE timing. Fair answer in my opinion.
Very solid video update. The CEO owns mistake with delays, explains what is going on and why and then drops the fact that the Covid test device is submitted to FDA and is being reviewed for FDA approval!
This dude works non-stop and is getting it done!!
I agree that the NYSE in 8 months is ambitious but that is the norm with this company. They shoot big and deliver late. I dont agree with that strategy but that is totally different than those saying the company is all fraud and BS. There are TOO MANY FACTS that support the company is VERY real and is delivering. Thats all I am saying.
If they go NYSE by end of year it will be a VERY impressive thing for sure but if they dont they will still be fully reporting this year and could potentially get some funding. I do believe they could at the minimum apply to the NYSE THIS year. Getting approved this year is a completely different story (possible but very difficult IMO). I think they are going to go for it but we will see. As long as they are audited and file S-1 I will be VERY happy!
We have seen video after video of products. We have seen posted pictures of other products including water treatment trucks in oil fields cleaning water. Anyone who says this is all BS is VERY CLEARLY showing their bias. You cannot deny that they have products designed and ready. I get that they have to bring them to market and generate revs but that comes with time and MONEY!! They need to get S-1 done and go after institutional funding so they can be adequately capitalized to deliver on all this. Reading some of these comments is revealing. How many investors that are complaining have started a business, developed a product, built manufacturing, built supply chain, built sales channels, built marketing campaigns, taken it public, had the company audited, filed registrations with SEC and gone after public funding (private and institutional) all while hiring people, and dealing with thousands of shareholders? (and thats the simple version I promise you). Too many arm chair quarterbacks calling everything fake with no experience or background as to what it takes to do what ACTUAL companies do. I have been part of many M&A and public transactions and you would be shocked at how complicated the process is and how screwed up most companies are in the beginning while growing and building. FB was a total mess as well as many others. Amazon was a complete mom and pop structure and to this day is still dealing with issues that were instituted since the early days! The simple fact is that most companies fail in the first 3-5 years and thats not taking into consideration a global pandemic. UATG has been around like 8-9 years I believe. They are still here and still growing/trying. Who would or could do that if it was all BS!?
-UATG bought 4 companies and part of 2 other companies in 60 days.
-Past 90 went from 0.0009 (Dec 31 2020) to 0.0154 A 1,600% increase
-Company puts out something literally EVERY day to shareholders
-They hired a law firm to file S-1
-They hired audit firm for the S-1 and to be fully reporting
-They have released videos/images of real products (A LOT)
They filed supplementals to notify us and OTC
This is not talking about what they are GOING to do in the future this is what they HAVE done and thats just in the past 90 days!
They have completely turned the company around and restructured practically EVERYTHING. I think some here are not keeping in mind the time period they have done things in & just how big what they are trying to do (uplist) really is.
I would like to ask the complainers, what have YOU done in 90 days?
Like I said yesterday, I wonder if these complainers hold themselves to the high expectations and standards they are holding UATG to or is just a game to short the company? Just some perspective.
I posted this on Stocktwits and thought it might be useful to say it here to.
We own part of a company that bought 4 companies and part of 2 other companies in 60 days. In the past 90 days or so they went from 0.0009 (Dec 31 2020) to 0.0154 which is a 1,600% increase! IN 90 DAYS! On top of that we get info from the company EVERY day! On TOP OF THAT, we got notice that they hired a law firm & audit firm & are in the process of doing an S-1 to be filed just after mid-year this year! Please tell me three other companies doing as much as UATG on ANY exchange? They have completely turned the company around and restructured practically EVERYTHING. I think some here are not keeping in mind the time period they have done things in & just how big what they are trying to do (uplist) really is. Not trying to insult anyone but do those who are bearish hold themselves to the high expectations and standards they are holding UATG to? Just some perspective.
In hindsight no one is going to care that they were late once they are current, revs are posted and pps is going up. TC has short memory and only cares about trends for flippers. I am sure thats one of the reasons UATG wants out of OTC. You will see how the tone here changes once they are current and price starts climbing. A few weeks ago pps went up and everyone thought CEO was great. Today hes an idiot and they hate him. in a week they will say hes the GOAT again.
Anyone who says this company is a Fraud is not doing their DD. Look at the value they have added to UATG in the past 60 days! SIXTY DAYS! They hired auditing firm second week of February! The first acquisition was announced like 50 days ago! Since then, they have added 4 subsidiary companies and bought equity in two other companies while announcing MANY new products. They fricken built a $2M mobile water treatment system that is 3 tractor trailers and mobile operations bus! They have 60-70 health products in market, ceramic medical implants that they showed us the surgery of, implants made of human bone (are you kidding me), A smart bandaid and a covid test for the home that is insanely accurate, a space age cast that cures in minutes and launched an entire social media campaign. IN SIXTY DAYS!!! I honestly dont know what anyone is complaining about. They have quadrupled their subsidiaries and added many products while adding partners with even more sales channels in SIXTY DAYS!
UATG has made a lot of progress in 8 weeks. They are obviously adding and getting everything set. Who cares about fins for 2018, 2019 & 2020 when we have Q1 of 2021 to wait on anyway!? You think 2018 & 19 are going to show significant revs!? What DD have you done? The revs and values came in 2021 when they added the subs! This is the beginning of lift off not 2018! Its 2021 and people are complaining about 2018 &2019 revs. I dont see anyone caring about the revs (or lack of) for TSLA in 2018. UATG has real products in the market and is spending a lot of money to get things in order to uplist. Complaining that its taking to long is amateur hour. IMO
Videos are good as an add on to the meat and potatoes stuff that we actually need. Like I said, I appreciate the effort but I would rather see us current so we get the boost and then move on to finishing audits, S-1 and NYSE submission.
I spoke with a close friend at The Exchange and he knew about UATG and practically confirmed that the company is working towards uplisting to them. Just the fact that they knew about UATG wanting to go with them proves that they have been in contact at the minimum. thats significant to me. They need to follow through and leave the OTC behind. They have floundered long enough. Time to get it together and uplist so us longs that have been loyal can get paid. I believe they are trying and they have come very far on past 6 weeks but that momentum and progress needs to continue.
100%. If the flippers leave, let them. If traders bail, let them. They will all come back once we are current. I could care less about the feeding the open mouthed chicks that dont see the opportunity. I appreciate the effort but TBH its not necessary in my opinion. Get current, finish audits, file S-1 and get our butts to NYSE so we can see the big money on the main stage!
Like I have been saying but many here get upset when I say it, This company has to do a r/s. If it was me I would wait until they were current and announced revs/contracts. Let the price go up above 0.12 (depending on what their actual revs are) and them do a 25:1 r/s to $3/pps. This would leave 40M shares in the float which is PLENTY for market liquidity. I would actually like to see it about half that to be honest. NOT ONE SHAREHOLDER WOULD GET HURT BY THIS. Anyone saying that a r/s is bad is just plain wrong. A r/s would be good in this case and its precisely what it was meant for. AS LONG AS THEY DONT DO A MASSIVE ISSUANCE we will be just fine and in fact we would be better off because now we would be rid of penny land flippers and MM's would be less likely to jump in and short provided they did r/s with contract announcements and S-1 in the can.
Whether you like it or not this is the actual path to NYSE and it will be in all of our best interest if they actually do this. This is the real way to get institutional attention and its in shareholder best interest. IMO
This is not a $2B company right now and anyone who calls for this company to go to $2/pps (min requirement for NYSE) with current cap structure is either delusional, cant do math or doesnt understand how the capital markets work. I dont care what multiplier you use - $2B is NOT HAPPENING anytime soon. I do think with time they could get there but it depends on A LOT!
With what they have released so far in videos and other sources I would guess that they could be $100M company in 12-18 months but that depends on what their gross revs actually are over that time-period. H2O Processing and Bacter alone could drive them to that evaluation but keep in mind that they only own 10% of that company for now (I suspect that they are going to buy the whole company in the future).Either way with a conservative 3x they could be $100M eval. Thats NYSE micro caps worthy all day long!
Once they are on NYSE they will get institutional attention which will translate to REAL working capital to deliver on all their fancy products. Remember, they dont even have to be cashflow positive to get banking. FB, AMZN and MANY others didnt make money for years and are now multi billion dollar companies. Of course it took 15+ years but hey, I will wait as long as pps is going up
How is he eluding if he is the one setting the bar and being transparent without having to be. They are a non-reporting company with no filings for 27 months - they dnt have to tell us anything. lol. He could just wait until the filings were out and they were current before he said anything. Why set expectations where there are none? He said what he said for whatever reason but its way premature to assume hes lying or not being straight forward. Transparency has increased several thousand percent in past 60 days. He did say (in every video so far)that he was not going to "get ahead of filings by giving specific revenues". That is fair enough for me. Honestly, I do not care what any one company makes as long as its 7 figures each company for first reporting year. The sum of all the companies revs is what matters and that is what will get us to NYSE. JMO for what its worth.
OTC is a breeding ground for untrained and undisciplined investors. It is mostly flippers that need constant reassurance from a company. THIS IS WHERE UATG IS GETTING SUCKED IN by putting out something literally everyday via pr, social media etc. They are starting to feed the screaming chicks in the nest instead of getting us to NYSE. Ignore the whiners and complainers and just get it done. I guess its a strategy for the short term but, I say let the flippers sell and go on to their next short term ticker while we longs hold and go to NYSE. Blaming the company or the flippers is a waste of time. The company is ABSOLUTELY getting S%$& done! Look at all the value they have added to UATG in the past 60 days! SIXTY DAYS! They hired auditing firm second week of February! The first acquisition was announced like 50 days ago! Since then, they have added 4 subsidiary companies and bought equity in two other companies while announcing MANY new products. They fricken built a $2M mobile water treatment system that is 3 tractor trailers and mobile operations bus! They have like 60-70 health products, ceramic medical implants that they showed us the surgery of, implants made of human bone are you kidding me), A smart bandaid and a covid test for the home that is insanely accurate, a space age cast that cures in minutes and launched an entire social media campaign. IN SIXTY DAYS!!! These guys could invent time travel and it still wouldnt be enough for some people! I honestly dont know what anyone is complaining about. SIXTY DAYS!
The only ones I have a problem with are the MM's that pull tickers down just so they can capitalize on our buys.
UATG will get it done. It will always take longer than expected or what they shoot for. Longs know this so stay disciplined. There are a lot of smart people in this group. The newbies might serve themselves better to listen to the longs that have been here for a very long time. I myself am in over 2 years. Time for me to get paid! We will see the ROI soon and next year many of us longs will be able to retire off of this ticker.
Bottom line, once UATG is current we will start seeing the uptick and some will still complain. Then Q1 will be released and some will complain that the millions in revs are not enough. Then audits will be done and S-1 will be filed and some will say that "anyone can file an S-1". Then the S-1 will be completed and some will say "so what, they still arent on NYSE". Then UATG will announce it applied to be listed on NYSE and still people will say "so what, yeah right, they will never get there". The whole time the price will be slowly inching up and I will be closer to retirement. I believe that this company will be on NYSE and when it does all I will here is the sound of me cashing in and buying my beach house for my retirement! LOL
$25M for UAT alone not, all subs. He gives guidance on each sub but states he wont give specifics "ahead of official disclosures".
I agree. Like he said in the video, it depends on the contracts they have coming n
I KNEW IT! These guys ARE making revs! This is going to be great year!
Once they are current the swell will begin. Once audtis and S-1 filed we will see another jump but after S-1 is completed and NYSE application is announced as being processed everyone will begin jumping in then. Even then there will people that say they are waiting to see that they get accepted to NYSE. lol After they are on NYSE this will quickly become a $10/pps stock depending on ultimate cap structure.
If GME can be at $186/pps then UATG can be $10/pps easily IMO
I honestly think he probably thought everything was fine based on what he knew or was told at the time. You dont put your face on all these videos and just lie. I also dont think guys like him with his background just lose it and start lying to everyone. He's too well respected in government and military circles to suddenly become a scammer. His mistake is probably being too optimistic based on pushing everyone to his schedule or to what he wants. I have seen CEO's like this before. They want everything done right away and dont always take into consideration that sometimes sh&$ happens. I am sure no one in the company wants to tell the boss that they cant deliver what he wants. He seems nice when you talk to him but I have no doubt that behind the scenes hes probably hard core military. JMO
Go right ahead
I think the video was actually pretty good. He is probably just as frustrated as we are. I dont think the delays are due to anything other than things he doesnt actually control. He obviously does not control the transfer agent, lawyers or accountants. They all have their own schedules and it clearly effects how long things take. he reassured us that they are working on filings and I believe him. As I said before they are being very thorough and many people have to sign off on the fins. He was pretty clear that they are filing in a format that is done on NYSE/NASDAQ. He also made a few comments that I found interesting,
1-They have to get past certain PR's for disclosure purposes
2-Q-1, already in the works, is going to be big because of acquisitions
3-Sounds like they might be adding another subsidiary or strategic partner
4-He is doing more videos for the Youtube series
5-Next Cast and Bacter Scientific products were on desk behind him
6-He is obviously very involved with all the companies regardless of a subsidiary or partner because the way he spoke about FDA filing for Covid device. Hard working guy.
7-FDA application for approval on Covid test is in process!!!
8-There havnt been "significant" stock issuances in 2 years
9-They hired guys from military and govt for projects
10-More news is coming
I think they are actually holding the big stuff for after filings and after they get some other pr's out. They have a lot going on in the background. This guy is working his a$$ off. It might take time but this guy is going to deliver. I can feel it.
Trust me, I have had my moments when I was over the process with these guys. The thing that turned me around was the fact that the guy actually took my calls and always responded. He is also pretty nice and even tempered. I wont say which company but I called a CEO from another pink I decided to try and the guy was really defensive and sort of an a$$hole. I sold all my shares. UATG is the last of the pinks I have left. I think holding this will prove to be one of my smarter decisions. Lets hope so. lol
I am just happy that they are so transparent and are communicating so frequently with us. Most OTC companies would just ignore us. Hell most CEO's on NYSE wont reply to an email regardless of how much stock you own.
Ok, that was hilarious. Im not sure if everyone here saw the update on Twitter. They were asking about filings and the company said they have sent Mr. Umbra a message but he was in meetings. They will give out update on filings as soon as they hear back from him. Keep in mind that the company is filing 27 months of financials and they are doing it in a more comprehensive format because of the audits/S-1. This has to be signed off on by the CEO, CFO, accountants and lawyers. This is probably the most complete financials we have seen from this company to date and since they are uplisting the fins will be detailed. You cant file an S-1 with bad fins. Filings will be out soon enough and I am ok with waiting. I am more interested in seeing Q1 this year than previous Q's since all the acquisitions were this Q anyway. We wont see Q1 for a few weeks so why not just wait and give them the time they need to get it right. The real money is long anyway after we go NYSE. JMO
New video out as promised every Tuesday and Thursday. Very interesting
They are in the process of getting their filings in. 27 Months is a lot to get through CFO, CEO, auditors and lawyers.
I would expect delays on filings. They are auditing over 2 years. I am sure they are trying to get it done but over 2 years is a lot at one shot. They have to have accountants sign off, lawyers sign off with legal opinion from firm and of course CEO has to sign off. Its a lot to get done when coordinating the schedule of accountants, CFO, CEO and lawyers. I expect them this week or at least an update from CEO. If they are getting ready to drop them on us we will know when they start the news machine up again. If we start seeing back to back pr's then we know we are about to get hit with some big stuff. Its just how they do it.
Did you guys see these pics of the Apex surgery and x-ray? https://twitter.com/UmbraAppliedTec/status/1377667475215683585?s=20
Trading is always light before holidays. Half the people took off the other half leave work early. I am one of the few suckers that will be here 1.5 hours after market closes.
NEW VIDEO IS OUT. Boost Words marketing company video
📺 Tune in to $UATG Alex Umbra our CEO’s overview of Boost Words.
— UAT Group - UATG (@UmbraAppliedTec) April 1, 2021
CEO Series, Episode 3:
Boost Words
Watch ⬇️
YouTube https://t.co/aILahUsNKT
Now | Interact on FB Premiere and ask questions⬇️https://t.co/e6XuH3mvuf#UATG #uatgroup
Cocktails on the beach! We should invite Alex. He might be too busy making us rich in retirement though. Oh well, its the thought that counts right? lol
Retail buying is held back because of restrictions firms/platforms have on buying a STOP sign. Once this ticker is Pink Current it will break free. Shorters will run and hide in about a week after OTC processes their filings. This company is actually really smart creating so much interest and noise ahead of its filings. I was like some here, I thought it would have been better to save the news but these guys clearly have a plan. They know that once the buying frenzy starts it will be all up hill. I am looking forward to the take off.
Anyone here on Reddit should post todays news there. It could help. We are not allowed to be on Redditt at work.
OTC flippers and MM's! Anyone selling right now is not only not smart but pulling the rest of us down because of greed and short sightedness. I cant wait for this ticker to be out of OTC
These guys are delivering a smart battery, Hygieia brand on yet another product, A rapid test that can test for all virus' in minutes, test is over 95% accurate, are working with the government, have finished testing the device, filing 42 patents and are preparing production for millions of units through "multiple" manufacturers! This is incredible yet! Is scary to think that all this is happening before they file their S-1. They are up to something BIG! Contracts are coming for several of their companies I think.
lol. Did you use the word "fast" and lawyers in the same sentence? I sure would hate to be the CEO right now. You know hes probably pissed off most of the day waiting on lawyers, accountants and regulators. This guy has a plan and doesnt come across as the type of guy who likes to hear a bunch of excuses. His stress levels must be off the charts!
Keep in mind that now that they are going to be auditing all companies and are going to be fully reporting, they are required to disclose all material events. I suspect that the delay in filings has A LOT to do with this. They are getting everything out before we see filings for disclosure reasons and probably so they dont have a problem with the SEC when they file their S-1. If I had to guess, the reason he hasnt signed off on the filings is more about the disclosures contained in filings than the financials/revs. Its been too quiet on the pr front. I suspect we see several more press releases before they even submit filings. I am guessing filings maybe end of next week. The next few days or so we get press all the way through next week. If that happens then it was all about disclosures. I dont expect them to be on time and have filings in this week. They have a lot going on and after todays video we now know that revs are significant. You can do a lot with that type of money which is a lot to audit and disclose. They might also be pushing things to Q1 of this year so back dated disclosures dont contain other activities. They do like their secrets. JMO
I agree 100%. The CEO has said they have a calendar of releases and were going to engage more on social media. This is all part of their plan I believe. Lets hope its a good plan! lol
You spoke too soon. LOL. They released video and pics of the Bacter Scientific virus tester. Pretty cool looking https://twitter.com/UmbraAppliedTec/status/1376942846637449219?s=20
Looks like its completed and being tested or ready for market?
Youre insulted that a company is keeping its shareholders informed through multiple channels? I dont think any investor thinks youtube, FB, IG or Twitter is a replacement for official press releases and filings but added up they help paint a picture of a company. I find that helpful. I dont see people complaining when Apple releases videos. I understand that Apple is not late on its filings and UATG is NOT AAPL but a social media post is just that-social media content. I wouldnt place a higher priority on that over filings and I dont think the company is putting all this stuff out to insult us or in place of filings. It is just one aspect of a company communicating with its shareholders which I appreciate. I will also say I remember when we had people here complaining about how the company never communicated with us. Now that they do many times over people are complaining about it. SMH! LOL
In order to file an S-1 you have to have full audits completed. In order to stay SEC compliant with full reporting regs you must have full audits completed by PCAOB firm on all M&A transactions which means that UATG has to audit all 6 (UATG + 5 subs) companies within 30 days of each acquisition or else they lose reporting status (they wont need to do audits on partners unless they own more than 50%). All audits for each company must be minimum 2 years of financials. That means that UATG must complete 12 years of audits! They will probably do it in stages but to do it in only 3 months means that they already started. I honestly dont know why anyone would be complaining about right now. This company is showing us EVERYDAY that it is working and getting s#%$! done. If this company has an S-1 completed and approved by the end of the year it will be a HUGE accomplishment. For those that say "anyone" can get an S-1 done, I call BS because they have no idea what they are talking about. SEC doesnt just let an S-1 "slide" and it takes months to process, a significant legal and accounting team and it costs $150k plus usually!
UATG has to do this for 6 companies! Do you have any idea what 12 years of audits costs? These audits are probably costing $500k! Where does everyone think this money is coming from- obviously they are making quite a bit in revs! An S-1 is not a joke which is why it is such a big deal, oh and by the way, which is why its required by NYSE for IPO's outside of a few exceptions! Most investment banks want to see it over a Form 10 which is also complicated and expensive
I know that no matter what they do there will be some that complain but anyone doubting this company is going to lose out. It took a while but this company is now doing big things which is why they are NOT staying on OTC. This company is going all the way. I can feel it
The whole market is down. Once UATG is current stock will bounce. Once audits are done and they post it will go up big but after the S-1 is done there will be a run on the stock. Just watch.
Also, I went on the youtube channel and only 20 people have watched the new video so far. Once everyone watches it they will get excited