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 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
This company has been VERY busy. They are tracking to be doing $1M a month in Hygieia Skin by the end of the year! Never in my wildest dreams did I think UATG would have a subsidiary doing $12M/year in year 2 of operations. I can only imagine what the other companies are doing. This is incredible. If every company is tracking the same that would mean that by year 2 UATG companies will be doing $60M a year in revs!
I love the behind the scenes stuff. Shows that they are really doing it and its just cool to see prototypes.
Forget pennies, this company is going to hit 0.50 soon
I am sorry but this is not accurate. I have worked in this industry for a very long time and I can tell you that MM's and funds without question short penny stocks and for good reason. It makes money and covers losses in other investment vehicles. A quick look at L2 will show trades that "cost" money. This is not done by a couch ranger at home. This is done by the big boys across MANY tickers over periods of time. This adds up and brings in significant dollars to cover losses and show ROI. this is known in the industry as picking the low hanging fruit and it pays well!
We have never seen all these pics. This shows testing and development. Obviously they are going to be selling these soon. These pics along with pics f everything else shows they have been working on many things in the background. You remember those people that were on here saying that all they had were socks? Obviously they had more. Keep in mind that they asked people on Twitter and FB what they wanted to see and everyone asked for more behind the scenes photos. The company responded and gave it to them. I think the company is moving forward. We have never seen this much engagement on social media from this company. Never!
New video tomorrow is on The Dreaming Company! I just saw the post on FB. Should be interesting.
To the few that thought it was all BS and that they didnt have anything, here you go! Feast your eyes on this beauty!
As requested! Take an inside peek at the behind the scenes process over at #NextCastingTechnologies
— UAT Group - UATG (@UmbraAppliedTec) March 29, 2021
We are thrilled they’re a part of the $UATG family. Hop on over to our FB page for more descriptions and videos: https://t.co/F0VpGBI0VF Like & Follow us there for more. #UATG pic.twitter.com/BXKQ2hUYew
Has everyone seen what they just put out on FB. Behind the scenes pics of NextCast development and production! Ok this is really cool. They just released even more vids and pics on 1, 2 and 3rd gen casts. Looks like they are done and getting ready to launch sales!
https://www.facebook.com/watch/?v=482633986190455
I completely agree but a 30:1 leaves 33M shares in the float with all shareholders (who dont panic sell) remaining and able to make real money. A nice tight float with tight spreads that can NOT be manipulated easily by MMs or anyone else. This is also the ONLY way we get to NYSE - SOON- in my life time! IMO
Everyone is entitled to their opinion but without a r/s its delusional and fantasyland to think this ticker is going to get to $2 pps min anytime soon not to mention that the company would be a $2 BILION dollar company! When is that suppose to happen exactly? 10 years from now?
Like I said a r/s is only bad if it is followed by a massive issuance. A r/s LITERALLY does NOT effect shareholder holdings value AT ALL. Its what a company does afterwards that matters which is why I am calling for an a/s reduction right afterwards.
Everyone needs to wake up to the fact that we are NOT going to get to NYSE with current cap structure. PERIOD. We do a r/s and uplist so we can get on an actual exchange and actually grow the company with REAL money. Then we could be worth $25/share and have a REAL security worth a damn.
The only traders against r/s are flippers who only care about a min daily ROI so they can make their few bucks a day. I am looking to retire and that requires more than $100k/yr amortized. Time to get paid to the tune of 8 figures! NYSE is the way. Any doubts about where the money is? Look no further than right here:
OTC Markets
Trades $3B daily
$464.69M Mkt Cap
NYSE
Worlds largest exchange/marketplace
Trades $169 BILLION/daily
$30 TRILLION in listed companies
$24.4 Trillion Mkt Cap
You want to raise money and grow your company, you go to NYSE. Period. Its where the real money is and UATG is looking to be this big conglomerate so it OBVIOUSLY needs real banking and that is in the NYSE!
I LOVE the ide of a r/s for this company especially with audits being done and an S-1 being filed. I would LOVE to see this company go to NYSE and I really think they will do it. These guys are really going for it. I have a few things I would like to see on a r/s with this ticker. They need to reduce the a/s at least by half or more. If we get to 0.10 we can get to $3 with a 30:1 r/s which will put us at 33M or so in the float. Then they could lower the a/s to 300M and we are golden! We go to NYSE and bring in institutional funding with a rising pps that can be figured on a multiple. We could actually be trading and leveraging at a 2-3x multiple (depending on revs & debt) which almost guarantees us to move up to $6-$9/pps within a few months! If they restructure like this, if this is their actual plan, and they get to NYSE then every shareholder will be sitting prettier than they ever thought possible with what was originally an OTC company. This is the way forward and I have to believe that this is their plan. I hope it is.
A buyback would be terrible for shareholders. The company is obviously in a growth phase and should be spending our money on expanding and building the company not buying the stock back. That money NEEDS to be spent on hiring people and manufacturing not stock! I have seen many companys make the buyback mistake. It sounds good so they do it because they think shareholders will respond better to it. Long term - buybacks are only good when a company is established and is sitting on mountains of cash(like AAPL). UATG can not afford a buyback. They are an OTC unreporting pink! They need to build and get us to NYSE so we have a real asset with real value so I CAN RETIRE! lol IMO
He NEEDS to wake up and bite the bullet! Enough of this no r/s BS. I am sick of it. Time to get serious and get us the hell out of OTC and on to a REAL exchange!
Min for microcaps is $2. Company needs to do a r/s and shrink cap structure so we get to NYSE asap!
We NEED a r/s which is not bad as long as they dont do a massive issuance. A r/s gets rid of flippers, corrects pps to meet minimums, allows reduction in o/s, allows for reduction in a/s and adjusts cap structure so it makes sense because NYSE is not going to take seriously a billion share a/s and o/s. Anyone that is actually a long term investor in UATG should request CEO to do a r/s, reduce a/s and take us to NYSE as quickly as possible so we can go get sizeable institutional investment. This company will die on the vine in OTC. A small r/s can get us to minimums of $2
For those who are against a r/s, does it really matter if you have
$100K in 4M shares or $100K in 50,000 shares? You still have $100k in stock except now we are $2 and can actually go to NYSE! What is better long-term for us as shareholders? As long as they dont do massive issuance it is actually BETTER FOR US to do a r/s and get us to NYSE where they can get funding to grow ALL the companies and drive the pps UP!
NO. S-1 does not contain pps requirement. Its a registration statement and allows for registered raise. It essentially contains a Form-10 plus the registration of shares. Typically done for institutional investment. Tells me they are serious about uplisting and that they probably have funding lined up. With all that they have done so far, I think they probably received part of their funding and are now going after the rest of the funding with what ever institution they have an agreement with. JMO. When you speak with the CEO he seems very calm about the whole thing. He is not worried about pps or uplisting. The way he speaks is like its just a matter of a few more steps and its done. No problem. I get the impression that he has everything under control and knows exactly when everything is going to happen. Not that hes going to tell us but at lest he knows. lol
He didnt specify I dont think. Its Friday and it looks like they decided to not do PR for the week. Makes me think that next week is going to be a tidal wave of news. They focused on social media this week. A lot of Twitter and Facebook this week as well as the launch of Instagram and their new affiliate program for new retailers. They are doing a lot behind the scenes. CEO is smart and is probably going to attack pps once they are current with a wave of social media and press. Thats how they operate, they test everything one at a time to see how it alone works. If they are concerned about pps then doing a week of social media lets then know how pps is effected by posts if at all. These guys are methodical and obviously VERY patient.
We also learned that they are all sharing tech and teaming up together which is good. I suspect they are doing this with many companies and we will continue to hear about more partners and acquisitions. These guys are growing through acquisitions just like they said they would
UCIX was never anything. It was being set up to have everything moved into it but they decided against it. It didnt fail - it was never launched because the company they bought UCIX from didnt deliver on their contract (UATG did a press release on this). This is why they went back to UATG. What we learned from all this is that UATG is bringing UATG current with new filings format like that of NYSE companies, most likely targeting $5/pps (they really only need to be $2-$3), is auditing UATG and all the subs, filing an S-1 when audits are done and is applying to NYSE. All of this is confirmed.
I expect that they are going to continue to add companies as subsidiaries and as partners. In the meantime we are going to see revenues into the millions I believe. We will find out soon enough.
I agree with Portcity. This CEO is controlling EVERYTHING, he is military, highly disciplined and methodical. He is planning everything out and has been working on this for years. Everyone at the company is military. These guys stick to plans and dont give up. I believe they will get it done. Im in for the long haul. This will be what sets my retirement up for sure.
I am not sure how you can say the CEO or that management is not serious? Look at what they have been doing behind the scenes for the past 2 years and have announced over the past 6 weeks. Financials and disclosures for 27 months take time especially when you are filing in a new format to file an S-1. I expected delays with this because I have seen this before. They are not filing regular OTC bs fins. They said they were using new format like the type that is used on NYSE/NASDAQ. These will be more complete and are going to be handed over to SEC auditor so they can be part of the S-1 which requires full audits with no funny business.
To me it doesnt matter if they are current with OTC tomorrow or in 2 weeks. I care about them doing everything right and getting audits correct for the S-1. I am here for the NYSE party not this OTC bs. Patience will be rewarded here IMO
Also, what makes you think they dont have accountants. They did a press release about them hiring an accounting firm! They have a CFO and I doubt very seriously he does everything himself.
They just launched affiliate program! They are allowing retailers to sell Hygieia products!
Have some exciting news! The Dreaming Company and UAT launched an affiliate program for Hygieia Skin & Hygieia performance clothing. This allows retailers to sell Hygieia products on their sites!
— UAT Group - UATG (@UmbraAppliedTec) March 25, 2021
I doubt it but if it does it wont be there for long. Fins are coming out soon and it will go up