Slow and steady wins the race
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Some times you need to take a step back in order to to take two steps forward. With as complicated the history if this company is it shouldn't surprise you if this is the case with UATG
I think you are missing the bigger play/picture here my disgruntled friend. If you have as many shares as you say you have then holding a bit longer should not really be an issue. The upside is pretty big. Remember, just because you dont understand it doesnt mean its bad. I think we are getting close to the turn around. JMO
We should also keep an eye out of a 15c211 from any company that is associated with UATG privately. They may also use a private company and take that public for a cleaner merger. Maybe. its a long shot and lengthy but still possible. These guys are very well versed in public markets and anything is possible
They wouldnt! but it did get me thinking. If we look at what has been sold/converted versus the amount of stock being traded over just the past couple weeks (this week more than most) and we compare that to what is actually available something doesnt add up. Then it hit me. T-trades, double prints, cross trades etc, all the moves being employed here are pretty unusual for pink sheet. THEY ARE RECYCLING STOCK! and by doing that they keep volume up, max the a/s over controlled period of time and create a historical record of high market liquidity!
The only reason you do this to a specific number is because there is a specific market cap you are trying to reach or match while creating the liquidity needed for financing through a traditional investment bank. After conversion the historical liquidity will be high and then.... so will the pps! Its actually pretty damn clever!
They timed everything, including debt conversion, product release, press releases and partnerships. IMO, we will see an acquisition/merger very soon and the signal is going to come from the cap structure and market cap. They arent increasing the a/s. No way. They chose this number for a reason and have been methodically structuring the company for a merger or acquisition. If it was just about money and stock play they would have raised the a/s to 2 or 3B heck why not 15B then do a reverse and start over. They arent doing that.
They are probably going to continue to execute through the end of the quarter so they have 90 days of historicals. December was better than previous years December but it still lowers their 30 day rolling average. we are here until end of March IMO then they are going to hit us with the big news. I would go further and say they probably already have some type of financing in place like a PPM or a reg A post conversion/merger. We need to strt looking for a Form 10 or 8k filing from other companies that mention UATG. That might give us a jump
I thouht it was listed in the original filing right? They broke up the reserve shares in two parts. Probably to slow conversions to protect price as much as possible would be my guess
That was already announced. Look at one done in January. It was in two parts
Thats where you keep going wrong Litar. Thats not news thats the company building its brand publicly. Its also the thing you keep complaining that they dont do enough of. You cant have it both ways just because you like to short the stock. At some point you are going to lose big because this company is going to uplist and when it does what will do then? lol. I guess this is where you say I am "pumping" the stock right? What is that you actually do again?
WOW! Tell me again how theres an issue with the companys commercials? lol. These people know what they are doing!
Mr. Cooley was with company a few years back. Before that he ran another advertising company and sold it. CEO has known him a while I believe. His company was hired recently to work on advertising and branding for the company This was put out in a press release a while back). So far looks like hes done a pretty good job. Quality of everything is very high. As for a company using stock video, that is not odd at all. Theres an entire industry built on it and almost every commercial you see on the tv and even in films uses high quality stock video. They use stock video along with their own footage. Every major company does this. You just dont realize it.
and where is the scam? If they have done what every other pinks has done then what is the issue? Cant be illegal if they let every other pink do what ever you think they are doing. Simple fact is this board use to be about a group of people helping each other do DD and learn more about the company. Now most of the people here know very little about the company and havnt even held one of their products in their hands. I had to put a post up that showed all the videos and pictures of actual products because some here were not even aware of the companys other websites or video! Most of the people here havnt even bothered to buy the companys fist product they released a few months ago! Heck, a few havnt even read the press releases or shareholder letters! How could you possibly know what the the company does, is doing or is planning to do!?
I have been around for 5 years and have done a lot of DD but that doesnt help when you dont even understand the basics of a business or the fundamentals of trading. There are folks here relying solely on trend trade algorithms and using wallstreet overlays on a pink for pete sake! NYSE/NASDAQ strategies dont work down here.You need more historicals that most companies dont have in the pinks. You need companies better capitalized which you dont have down here and you need better educated investors which....
The fact is that many here are upset because they jumped in for a quick flip and it didnt work. Thats lazy and thats not the companys fault or our fault. If everyone would have done their DD they would have realized the company is in the middle of undergoing a significant change. Probably not the best time to get in for a short run and quick profit of 1/10 of a penny. Small thinking.
Stop all the complaining and pointing fingers. If you are not part of the solution then you are just part of the problem. I have said it before and I will say it again; we should be helping each other not coming up with ridiculous conspiracy theories and speculation based upon lazy to NO DD.
The company after 5 years has finally started delivering products and plans on delivering more products within the same line and division. They have signed agreements with other companies to manufacture products using technology they developed and have been in near constant contact with the investors via videos, shareholder letters, and press releases averaging more than 1 a month over the past 4 or 5 months. They just started selling on Amazon a week ago! I could go on but I am not going to do all the work for you.
The point is now is not the time to be complaining and crying scam. Where were you 4 years ago? You missed your window on the complaining. Company hasnt diluted anything. They raised the authorized and we all knew this was coming. Why would you buy the stock if you knew this? As an FYI, we have traded over 700M shares this week and for those who think that was all new "dilution", you might want to stop trading immediately because with an AS of a 1B from 600M its NOT possible! Even with simple math!
Volume begets volume always has and always will. The MM's are playing with all of us and they are taking advantage of the exemption the company just used to pay debt. It will come to an end soon enough and when it does I suspect thats when the announcements will begin. Plain and simple. No mysteries, no conspiracies no unfounded speculation; just the fundamentals and experience.
If you are new to trading then this ticker is NOT for you. They are employing some pretty sophisticated techniques to up-list and its painfully apparent that most here dont understand the strategies they are using or even the company itself. JMO
Now waiting on the t-trades...
We are heading into the "push"! Next 15 min should be interesting
You are making a lot of statements based on the wrong set of facts. We didnt owe debt to Nextcast just for pins. It was a debt from several years ago and it looks like its from when the bought the orthopedic company. NextCast wasnt even around then-look at date of incorporation. Next cast was formed by the people they bought the orthopedic company from and they have held the debt probbly as a favor. If you look at the financials UATG has been paying them. The reason they did the 3a10 filing is to clear the debt from the books. They werent actually sued it was on agreement based on an SEC exemption.
As for pins, the company has inventory on several products and is obviously waiting to release them strategically. Also, just because they paid for the pins doesnt mean they have been manufactured. Accounting and debt finance 101.
As for your theory of no purchasers/customers, you have again made an assumption without doing all the DD. When the company bought the orthopedic company it came with 2 or 3000 existing customers. They rebranded the ClearView and changed a few things so that it could be released this year. All of this takes money by the way which the company does not have a lot of which is probably why they havnt launched all the products. Marketing, fulfillment, supply chain, employee costs etc.
50% discount on stock is steep but industry standard for fronted cash on a debt conversions is 40-50% and is typical. The investment bank puts the money our up front and is taking a risk.
8M shares out of etrade!
Just bought more. Why not!? lol
I cant believe the amount of trading I missed n the 5 min I just stepped away. I also cant believe the price is holding at these levels of volume. Seems like something more than the conversion is feeding the market. The volume is too high
Out of curiosity, what more would you like to here fro the company? They included the debt settlement in their filings and have but out numerous communiques in the past 6 months.
I spoke with the man a few times as many here have and the one thing we can all agree on is that hes been consistent with telling all of us the same thing about news. He is not going to put out news weekly or monthly just so flippers can trade on it. He said news will come out when its time to and relevant. Pink sheet companys put news out all the time because thats what they trade on.
NYSE companies put out news when its appropriate to do so and when timing is right. Also, NYSE companies also pay debt down with discounted stock so they dont decapitalize the companys cash position. It may sting a little in the beginning but in the end the company is healthier and more viable as a result.
Also, there is NO way that the company is "diluting" or "dumping" 15M shares everyday for many reasons too numerous to itemize here. Its simply not possible.
Keep in mind, In order for here to be selling there has to be buying.
Question, how does the company paying debt or as many here call it "dilution" benefit the ceo personally in anyway?
A lot of accusations and name calling here and just wondering if its based on anything real or just a group of people bellyaching?
I believe the offices are on website
Tyaz, I have to admit, you always find a way to make me laugh
FYI, I believe the company never moved in fully but there is a walk in vault in that office and once main construction was complete they took possession of the vault and stored the rifles there and issued loaners or demonstrators out of that office to police and government. Last time I asked about the office the only thing left was lobby and break room as I recall. They may still have the lease on that office but are not able to use it due to size for all I know. I will shoot him a quick e-mail and ask for clarification
The ceo knows most of the government folk in that building and has demonstrated the rifles to them personally. That much I am certain of
If conversions are in fact over and we still did over 14M shares closing up almost 6% then we definitely have buyer support on this stock. I thought volume woud drop off more but UATG's 30 day daily is just over 27M shares and we did more than 50% of that in a day that is after conversions ended. Impressive
Not sure. Seemsw odd. I suspect it will make sense after the merger because we should see more of the moving parts of this plan
He’s the personal guarantor for everything right now I believe. They were working on Corp credit I believe. He’s out a lot of his own money in
Thats correct. They started the build out but grew out of it before it was completed. He wasnt happy about that but said there was no way that they could run the company out of a 2-3000 sqft place (i dont recall the actual size).
They took an industrial site so they could do day to day office and shipping. I dont know where it is exactly but I believe its in Tampa. He said they will be there for no more than 2 years. He said it was difficult to get them to do a 1 year lease with an option to renew year by year. He didnt wants to be tied into the space for 5 years because he wants to build out an office park/complex that has manufacturing and research and operations all at one location under his personal control. He doesnt like being spread out and has a vision for the company that goes beyond a regular manufacturing or product company. Hes a very ambitious buy and has a lot of investors behind him. One large investor is a commercial builder out or California I believe and is the main investor helping him with the new office.
All thats great but we need to concentrate on the hear and now. Right now we are subpenny and I want to hear about the merger and uplist. They uplist and we all make a lot of money and this company will have more funding than it knows what to do with. Then we can dream big
I believe he lives in Tampa and I would guess that 15-20 employees live in Tampa.
I do know that they are looking for a sizable block land in the Tampa bay area to build a headquarters that they can expand on over years. He has approved funding and is the personal guarantor for the financing. If my memory is correct its for $5M and he wants to start as soon as possible.
He did mention part of it in his last letter but he and I spoke quite a bit about it. A friend of mine sits on the board and I introduced them. They discussed second round financing when they expand and building manufacturing onsite but I believe that is a few years away and I am not sure if they would finance a project like that outside of Texas. Hes better off going to Florida bank of which I am sure he has many relationships.
There are bases in OH and MD that he is at frequently. He works with govt remember? He never stopped. Thats why they were raising money for the computer farm or center (dont recall how explained it)
No. I never heard back from the folks on this board and he wont be in TX for a few weeks now. He sent me an e-mail yesterday apologizing because he had to adjust his travel plans. Something happened in MD and he had to go there. I believe hes there now or might be back. Said he was going to be "out of pocket" for a day but then has to go to OH next week. After that he will be in Austin
I agree with you. The $80k they made on sock sales is not enough but it is a start. They need to do better but thats the business side of the game. We need to restructure the public side! The ceo needs to wake up and understand that there two sides to a public company and hes neglecting one right now. The company is revenue positive for the first time in 5 years. I will take that for now but what about the cap structure!? Revenue is key but managing the stock is equally as important. I have seen a lot of ceos screw a company up because they didnt understand that
My partners and I bought a percentage f the company when it was private from crooks. That was before the reverse merger. Them lying has nothing to do with my actions or the value of the company today nor its management. You say you did your DD but you literally answered none of my questions. What DD have you actually done because it appears you looked into a public vehicle that was merely a shell nearly 10 years ago on a company that acquired it 5 years ago. That doesnt seem flawed to you?
I ask these questions because like you I have concerns but my decisions must be based on confirmed facts. That requires effort of which I have put a lot in. I am not pushing anything to my "friends" to get out of any "hole". I doubt very seriously you or anyone here can buy enough stock to reimburse my losses so that is once again a flawed assessment. The only one that can make my losses whole is the ceo of this company and I do not yet see why I should think he is lying when he said he is moving the company in position to improve things. Not understanding a plan doesnt mean there isnt one and doing half hearted dd doesnt mean youre an expert on the matter (anymore than I am).
My point in all this is that if youre willing to help than by all means help us figure out what the heck is going on and how this company is going to uplist or who they are merging with but please dont offer the sky is falling and ask us to take you seriously.
Not trying to insult you but this board was once constructive and folks around here helped one another. Now its become a paradise for flipper and shorters trying to use us to manipulate pps for personal gain. Theres no place for that here my friend
Doubt it. I have asked for it several times starting 2 years ago. Rip the bandaid off and start over but ceo refuses. I would have taken a loss but by now we would be up and cruising along. This has been slow and painful. I am hoping the ceo knows what hes doing
Your DD is flawed. I have been around since the beginning and the rs dates are all from previous management before UAT took over. Completely different company
Thats not accurate. The crutch, implant, bone fixator, rifles etc are all real, have been made and there are videos of several of them
I couldnt resist.I added a few blocks. Too tempting.
Please go on Amazon and put good reviews:
https://www.amazon.com/dp/B079MGXV6X#customerReviews
Company videos:
1-Please follow this link to the companys Youtube channel to watch all videos:
https://www.youtube.com/user/UmbraAT
2-This is the video the company released yesterday announcing the UAT Hygieia products are now available on Amazon:
They have private money and credit lines. They have said that several times. Also, I am almost positive they are working with an investment banker thats helping them with their 3a10's. Something we discussed the other day that can be used for acquisitions
Lol. I bought some as well. Really helping my cost average
I disagree. This is the new norm with volume. Our 30 day daily average is almost 20M shares a day. I doubt very much we will continue to see 100M share days but 20-25M should now be expected. A lot of new eyes on this company so we might take a slight pps hit but volume should remain high until after the merger. Then we will lose most of the flippers and settle into a higher price. IMO
You need to reread that press release because I think you missed a few things or are unaware of what has been happening. There was no fluff in that press release at all.