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UAMA covering up colossal failures!
Said it on many occasions. "At UAMA, the illusion of success is our most important product". And illusion it is! Look back at all the grandiose press releases and note how most turned out to be mere fabrications! No substance at all.
All seems to have caught up with these fraudsters and you can safely presume that there is good reason that they have not filed Pink disclosures or financials for over a full year. Last reported quarter was 3Q-2019 (calendar).
Consider the following list of failures and heed CAVEAT EMPTOR warning and OTC Markets label of "Dark or Defunct".
1) Unannounced $47M bankruptcy of biggest brick & mortar assets of UAMA, Investel et al. A good year for Chairman Cote to resign.
2) Total failure of TNW Wireless Inc! For Investel et al (including Laliberte) they set themselves up as some sort of enterprise that could consolidate many into one. In case of wireless they bought (nobody forced them!) a market-ready wireless carrier with negotiated roaming agreements at very favorable rates and a working 3G network. Former CEO had financing arranged but Laliberte's ego too big and thought he'd do end run. Fired the CEO and potential sources of capital showed him the door. After nearly four (4) years TNW Wireless Inc. has totally failed. If the plan sold to investors by previous RuralCom CEO had gone forward would be $40-60M annual rev. and 40-60% EBITDA and that would have propelled UAMA stock to real solid new highs.
3)Cryptocurrency mining is likely dead or generating so little revenue that reporting the results would totally tank UAMA stock. Blockchain Domes is a sophomoric High School level science project. UAMA's mining business not even on the radar of biggest miners in Quebec let alone Canada, North American or the world.
4) The entire "patent initiative" at UAMA has produced zero results! Actually less if you consider the wasted money and management time devoted to trying to win patent litigation or gain licensing revenue. UAMA et al and Laliberte in particular have failed here as well.
5) Predictably the much publicized anti-trust litigation in Florida has gone nowhere. It was a total waste of time and money! Chalk up another fail for Laliberte.
Look back at Benoit Laliberte's track record not the fabricated Wikipedia version. The facts are simple. Benoit Laliberte is a convicted criminal according to The Canadian Press and he was found guilty of 44 counts of Stock Fraud, Market Manipulation and Deceiving Investors. He has never built a business of lasting value, though has chalked up an impressive list of failures.
He can't raise institutional capital as that community seems reluctant to lend to convicted criminals. He's also been an undischarged personal bankrupt for over ten (10) years. Seems like you can find signs of fraud everywhere you look inside this enterprise.
Funny, but Laliberte and his now very small team (3 bodies I'm told) haven't accomplished anything this past year and they're afraid to report on it. Nothing reported in Pink disclosure or financials in over a year! If the news was good or even just favorable they'd report it so draw your own conclusions.
There's no future and no upside for UAMA and you can take that to the bank!
"An astounding level of fraud" at UAMA.
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. Never properly reported in any SEC filings or Pink disclosures.
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"
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"
OTC Markets label UAMA “Dark or Defunct”
OTC Markets label UAMA “Dark or Defunct”
Caution DELINQUENT FILER see OTC Markets
Absent any news UAMA still in bankruptcy proceedings.
OTC Markets “Skull & Crossbones” and UAMA labeled as “Dark or Defunct”
UAMA a lightweight hobby miner!!!
BS posters would have you believe that UAMA is a "player". They aren't and nothing could be further from the truth.
Compared to other Canadian companies like HIVE (TSXV) UAMA is a lightweight!
The name of the game is to get cheap "green power" and build and operate as many miners as you can. Not older equipment but the latest, fastest and most powerful processors. The HIVE You TUbe video does a good job of explaining the need and showing how its done!
After watching this you'll quickly come to understand that what UAMA is doing is just "ego fodder" for Benoit Laliberte who likely has a clever and talented mind, though has gotten carried away with his focus on patents. Note that after four (4) years UAMA has not succeeded in any patent litigation or signed any licensing agreements. That's been a total failure and indicative of the lack of inherent value in the patents.
All same with TNW Wireless Inc. Mr. Laliberte believed that he had patentable intellectual property that was going to transform the wireless industry. Instead of building on "market ready" RuralCom he chose to pursue the POS iPCS technology. That has also completely failed.
Think about it though. RuralCom was "market-ready" and the former CEO of RuralCom had investors ready to invest, the kind that had already issued term sheets to the Company. Lalilberte's ego got in the way and he decided to bet it all on unproven technology that nobody in the wireless industry cared enough about to even trial it.
IF, Mr. Laliberte had simply moved ahead with RuralCom, built on the roaming agreements already in place with all the major US carriers and agreements in negotiation with the Canadian Carriers, that business would be generating $40-60M per year by now with 40-60% EBITDA.
Beware the MMs-VWAP only $0.027 per share!
Ethical businesses don't have convicted criminal CEO! The Supreme Court deaf to the cause of Benoît Laliberté
The Canadian Press says UAMA CEO convicted criminal.
Worth noting that if, at the time, Benoit Laliberte, UAMA CEO had been tried in another Canadian Province he would have gone to JAIL!
See the last paragraph in the article below:
By: The Canadian Press on: 2011-04-21
The highest authority in the country refused to hear the appeal of the former president of Jitec. He will have to take out his check book and sign an amount of $ 800,000 for which he was sentenced for insider trading.
Benoît Laliberté did not want to appeal his conviction, but argued that he only had to pay $ 20,000 according to his interpretation of the section of the Securities Act that provides for fines.
The country's highest court today said it was not going to look into his case.
Pas de quoi se réjouir pour Benoît Laliberté qui posait ici avec son avocat Pearl Reevin
Benoît Laliberté who was here with his lawyer Pearl Reevin
He was convicted in 2008 of about 40 counts for violating the Securities Act in 2000 and 2001, when he was President and Chief Executive Officer of Jitec, a publicly traded computer company. from Montreal.
During this period, Mr. Laliberté had acquired thousands of Jitec shares through several thirds, while the appropriate insider reports had not been made. Then the hasty announcement of a partnership with a telephone company had pushed up the value of the title.
The Autorité des Marchés Financiers criticized him for insider trading and the dissemination of misleading information "likely to affect the share price".
He had avoided prison because his crimes were committed before the law was amended in December 2002, which opened the door to the imposition of a prison sentence.
Of course if it wasn't true Mr. Benoit Laliberte would file suit against The Canadian Press, so the truth is clear here!
All of this NEVER PROPERLY disclosed in UAMA, Inelco or Teliphone public disclosure documents.
The SEC does and will act on such violations and likely just a matter of time!
Canadian Press says UAMA CEO convicted criminal. The Supreme Court deaf to the cause of Benoît Laliberté
Worth noting that if, at the time, Benoit Laliberte, UAMA CEO had been tried in another Canadian Province he would have gone to......PRISON!
See the last paragraph in the article below:
By: The Canadian Press on: 2011-04-21
The highest authority in the country refused to hear the appeal of the former president of Jitec. He will have to take out his check book and sign an amount of $ 800,000 for which he was sentenced for insider trading.
Benoît Laliberté did not want to appeal his conviction, but argued that he only had to pay $ 20,000 according to his interpretation of the section of the Securities Act that provides for fines.
The country's highest court today said it was not going to look into his case.
Pas de quoi se réjouir pour Benoît Laliberté qui posait ici avec son avocat Pearl Reevin
Benoît Laliberté who was here with his lawyer Pearl Reevin
He was convicted in 2008 of about 40 counts for violating the Securities Act in 2000 and 2001, when he was President and Chief Executive Officer of Jitec, a publicly traded computer company. from Montreal.
During this period, Mr. Laliberté had acquired thousands of Jitec shares through several thirds, while the appropriate insider reports had not been made. Then the hasty announcement of a partnership with a telephone company had pushed up the value of the title.
The Autorité des Marchés Financiers criticized him for insider trading and the dissemination of misleading information "likely to affect the share price".
He had avoided prison because his crimes were committed before the law was amended in December 2002, which opened the door to the imposition of a prison sentence.
Of course if it wasn't true Mr. Benoit Laliberte would file suit against The Canadian Press, so the truth is clear here!
All of this NEVER PROPERLY disclosed in UAMA, Inelco or Teliphone public disclosure documents.
The SEC does and will act on such violations and likely just a matter of time!
Complicit posters promote this fraud!
Canadian Press says UAMA CEO convicted criminal. The Supreme Court deaf to the cause of Benoît Laliberté
Worth noting that if, at the time, Benoit Laliberte, UAMA CEO had been tried in another Canadian Province he would have gone to ........ JAIL!
See the last paragraph in the article below:
By: The Canadian Press on: 2011-04-21
The highest authority in the country refused to hear the appeal of the former president of Jitec. He will have to take out his check book and sign an amount of $ 800,000 for which he was sentenced for insider trading.
Benoît Laliberté did not want to appeal his conviction, but argued that he only had to pay $ 20,000 according to his interpretation of the section of the Securities Act that provides for fines.
The country's highest court today said it was not going to look into his case.
Pas de quoi se réjouir pour Benoît Laliberté qui posait ici avec son avocat Pearl Reevin
Benoît Laliberté who was here with his lawyer Pearl Reevin
He was convicted in 2008 of about 40 counts for violating the Securities Act in 2000 and 2001, when he was President and Chief Executive Officer of Jitec, a publicly traded computer company. from Montreal.
During this period, Mr. Laliberté had acquired thousands of Jitec shares through several thirds, while the appropriate insider reports had not been made. Then the hasty announcement of a partnership with a telephone company had pushed up the value of the title.
The Autorité des Marchés Financiers criticized him for insider trading and the dissemination of misleading information "likely to affect the share price".
He had avoided prison because his crimes were committed before the law was amended in December 2002, which opened the door to the imposition of a prison sentence.
Of course if it wasn't true Mr. Benoit Laliberte would file suit against The Canadian Press, so the truth is clear here!
All of this NEVER PROPERLY disclosed in UAMA, Inelco or Teliphone public disclosure documents.
The SEC does and will act on such violations and likely just a matter of time!
Is UAMA criminal enterprise?
Leading Canadian Law Firm says UAMA CEO guilty!
https://www.fasken.com/en/solution/clientwork/2008/08/expresident-of-jitec-fined-nearly-us900000-for-insider-trading-and-fraudulent-transactions/
The evidence does not lie and these facts were never properly disclosed in US public filings, nor was the fact that Mr.Benoit Laliberte, UAMA CEO has been an undischarged bankrupt for over 10 years.
Given these facts is UAMA a criminal enterprise???
Leading Canadian Law Firm says UAMA CEO guilty!
https://www.fasken.com/en/solution/clientwork/2008/08/expresident-of-jitec-fined-nearly-us900000-for-insider-trading-and-fraudulent-transactions/
The evidence does not lie and these facts were never properly disclosed in US public filings, nor was the fact that Mr.Benoit Laliberte, UAMA CEO has been an undischarged bankrupt for over 10 years.
Given these facts is UAMA a criminal enterprise???
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.
Counsel for UAMA successfully exits!
PAPERLESS ORDER granting [165] Motion to Withdraw as Attorney. Michael O. Mena representing United American Corp. (Plaintiff) withdrawn from case. Signed by Magistrate Judge Chris M. McAliley on 12/15/2020. (rr00)
So much for the grandiose vision of Bitmain anti-trust litigation.
No news can overcome convicted criminal CEO!
UAMA upside totally destroyed by convicted criminal CEO.
Said it on many occasions. "At UAMA, the illusion of success is our most important product". And illusion it is! Look back at all the grandiose press releases and note how most turned out to be mere fabrications! No substance at all.
All seems to have caught up with these fraudsters and you can safely presume that there is good reason that they have not filed Pink disclosures or financials for over a full year. Last reported quarter was 3Q-2019 (calendar).
Consider the following list of failures and heed CAVEAT EMPTOR warning and OTC Markets label of "Dark or Defunct".
1) Unannounced $47M bankruptcy of biggest brick & mortar assets of UAMA, Investel et al. A good year for Chairman Cote to resign. Bankruptcy still before the court. Written threat to an Officer of the Court may yet bring charges against Mr. Benoit Laliberte, UAMA CEO.
2) Total failure of TNW Wireless Inc! For Investel et al (including Laliberte) they set themselves up as some sort of enterprise that could consolidate many into one. In case of wireless they bought (nobody forced them!) a market-ready wireless carrier with negotiated roaming agreements at very favorable rates and a working 3G network. Former CEO had financing arranged but Laliberte's ego too big and thought he'd do end run. Fired the CEO and potential sources of capital showed him the door. After nearly four (4) years TNW Wireless Inc. has totally failed. If the plan sold to investors by previous RuralCom CEO had gone forward would be $40-60M annual rev. and 40-60% EBITDA and that would have propelled UAMA stock to real solid new highs.
3)Cryptocurrency mining is likely dead or generating so little revenue that reporting the results would totally tank UAMA stock. Fact is Blockchain Domes is nothing more than a sophomoric High School Science project. UAMA's mining business not even on the radar of biggest miners in Quebec let alone Canada, North American or the world.
4) The entire "patent initiative" at UAMA has produced zero results! Actually less if you consider the wasted money and management time devoted to trying to win patent litigation or gain licensing revenue. UAMA et al and Laliberte in particular have failed here as well.
5) Predictably the much publicized anti-trust litigation in Florida has gone nowhere. It was a total waste of time and money! Chalk up another fail for Laliberte.
Look back at Benoit Laliberte's track record, not the fabricated Wikipedia version. The facts are simple. Benoit Laliberte is a convicted criminal according to The Canadian Press and he was found guilty of 44 counts of Stock Fraud, Market Manipulation and Deceiving Investors. He has never built a business of lasting value, though has chalked up an impressive list of failures.
He can't raise institutional capital as that community seems reluctant to lend to convicted criminals. He's also been an undischarged personal bankrupt for over ten (10) years. Seems like you can find signs of fraud everywhere you look inside this enterprise.
Funny, but Laliberte and his now very small team (3 bodies I'm told) haven't accomplished anything this past year and they're afraid to report on it. Nothing reported in Pink disclosure or financials in over a year! If the news was good or even just favorable they'd report it so draw your own conclusions.
There's no future and no upside for UAMA and you can take that to the bank!
UAMA a lightweight hobby miner!!!
BS posters would have you believe that UAMA is a "player". They aren't and nothing could be further from the truth.
Compared to other Canadian companies like HIVE (TSXV) UAMA is a lightweight!
The name of the game is to get cheap "green power" and build and operate as many miners as you can. Not older equipment but the latest, fastest and most powerful processors. The HIVE You TUbe video does a good job of explaining the need and showing how its done!
After watching this you'll quickly come to understand that what UAMA is doing is just "ego fodder" for Benoit Laliberte who likely has a clever and talented mind, though has gotten carried away with his focus on patents. Note that after four (4) years UAMA has not succeeded in any patent litigation or signed any licensing agreements. That's been a total failure and indicative of the lack of inherent value in the patents.
All same with TNW Wireless Inc. Mr. Laliberte believed that he had patentable intellectual property that was going to transform the wireless industry. Instead of building on "market ready" RuralCom he chose to pursue the POS iPCS technology. That has also completely failed.
Think about it though. RuralCom was "market-ready" and the former CEO of RuralCom had investors ready to invest, the kind that had already issued term sheets to the Company. Lalilberte's ego got in the way and he decided to bet it all on unproven technology that nobody in the wireless industry cared enough about to even trial it.
IF, Mr. Laliberte had simply moved ahead with RuralCom, built on the roaming agreements already in place with all the major US carriers and agreements in negotiation with the Canadian Carriers, that business would be generating $40-60M per year by now with 40-60% EBITDA.
UAMA covering up colossal failures!
Said it on many occasions. "At UAMA, the illusion of success is our most important product". And illusion it is! Look back at all the grandiose press releases and note how most turned out to be mere fabrications! No substance at all.
All seems to have caught up with these fraudsters and you can safely presume that there is good reason that they have not filed Pink disclosures or financials for over a full year. Last reported quarter was 3Q-2019 (calendar).
Consider the following list of failures and heed CAVEAT EMPTOR warning and OTC Markets label of "Dark or Defunct".
1) Unannounced $47M bankruptcy of biggest brick & mortar assets of UAMA, Investel et al. A good year for Chairman Cote to resign.
2) Total failure of TNW Wireless Inc! For Investel et al (including Laliberte) they set themselves up as some sort of enterprise that could consolidate many into one. In case of wireless they bought (nobody forced them!) a market-ready wireless carrier with negotiated roaming agreements at very favorable rates and a working 3G network. Former CEO had financing arranged but Laliberte's ego too big and thought he'd do end run. Fired the CEO and potential sources of capital showed him the door. After nearly four (4) years TNW Wireless Inc. has totally failed. If the plan sold to investors by previous RuralCom CEO had gone forward would be $40-60M annual rev. and 40-60% EBITDA and that would have propelled UAMA stock to real solid new highs.
3)Cryptocurrency mining is likely dead or generating so little revenue that reporting the results would totally tank UAMA stock. Fact is Blockchain Domes is another sophomoric High School Science project. UAMA's mining business not even on the radar of biggest miners in Quebec let alone Canada, North American or the world.
4) The entire "patent initiative" at UAMA has produced zero results! Actually less if you consider the wasted money and management time devoted to trying to win patent litigation or gain licensing revenue. UAMA et al and Laliberte in particular have failed here as well.
5) Predictably the much publicized anti-trust litigation in Florida has gone nowhere. It was a total waste of time and money! Chalk up another fail for Laliberte.
Look back at Benoit Laliberte's track record not the fabricated Wikipedia version. The facts are simple. Benoit Laliberte is a convicted criminal according to The Canadian Press and he was found guilty of 44 counts of Stock Fraud, Market Manipulation and Deceiving Investors. He has never built a business of lasting value, though has chalked up an impressive list of failures.
He can't raise institutional capital as that community seems reluctant to lend to convicted criminals. He's also been an undischarged personal bankrupt for over ten (10) years. Seems like you can find signs of fraud everywhere you look inside this enterprise.
Funny, but Laliberte and his now very small team (3 bodies I'm told) haven't accomplished anything this past year and they're afraid to report on it. Nothing reported in Pink disclosure or financials in over a year! If the news was good or even just favorable they'd report it so draw your own conclusions.
There's no future and no upside for UAMA and you can take that to the bank!
Beware of Fraud. See OTC Markets search UAMA.
OTC Markets waring in place. Skull & Crossbones on UAMA.
OTC Markets labels as "Dark or Defunct"
No Pink disclosures or financials since 3Q-2019 (calendar).
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.
UAMA upside totally destroyed by convicted criminal CEO.
Said it on many occasions. "At UAMA, the illusion of success is our most important product". And illusion it is! Look back at all the grandiose press releases and note how most turned out to be mere fabrications! No substance at all.
All seems to have caught up with these fraudsters and you can safely presume that there is good reason that they have not filed Pink disclosures or financials for over a full year. Last reported quarter was 3Q-2019 (calendar).
Consider the following list of failures and heed CAVEAT EMPTOR warning and OTC Markets label of "Dark or Defunct".
1) Unannounced $47M bankruptcy of biggest brick & mortar assets of UAMA, Investel et al. A good year for Chairman Cote to resign. Bankruptcy still before the court. Written threat to an Officer of the Court may yet bring charges against Mr. Benoit Laliberte, UAMA CEO.
2) Total failure of TNW Wireless Inc! For Investel et al (including Laliberte) they set themselves up as some sort of enterprise that could consolidate many into one. In case of wireless they bought (nobody forced them!) a market-ready wireless carrier with negotiated roaming agreements at very favorable rates and a working 3G network. Former CEO had financing arranged but Laliberte's ego too big and thought he'd do end run. Fired the CEO and potential sources of capital showed him the door. After nearly four (4) years TNW Wireless Inc. has totally failed. If the plan sold to investors by previous RuralCom CEO had gone forward would be $40-60M annual rev. and 40-60% EBITDA and that would have propelled UAMA stock to real solid new highs.
3)Cryptocurrency mining is likely dead or generating so little revenue that reporting the results would totally tank UAMA stock. Fact is Blockchain Domes is nothing more than a sophomoric High School Science project. UAMA's mining business not even on the radar of biggest miners in Quebec let alone Canada, North American or the world.
4) The entire "patent initiative" at UAMA has produced zero results! Actually less if you consider the wasted money and management time devoted to trying to win patent litigation or gain licensing revenue. UAMA et al and Laliberte in particular have failed here as well.
5) Predictably the much publicized anti-trust litigation in Florida has gone nowhere. It was a total waste of time and money! Chalk up another fail for Laliberte.
Look back at Benoit Laliberte's track record, not the fabricated Wikipedia version. The facts are simple. Benoit Laliberte is a convicted criminal according to The Canadian Press and he was found guilty of 44 counts of Stock Fraud, Market Manipulation and Deceiving Investors. He has never built a business of lasting value, though has chalked up an impressive list of failures.
He can't raise institutional capital as that community seems reluctant to lend to convicted criminals. He's also been an undischarged personal bankrupt for over ten (10) years. Seems like you can find signs of fraud everywhere you look inside this enterprise.
Funny, but Laliberte and his now very small team (3 bodies I'm told) haven't accomplished anything this past year and they're afraid to report on it. Nothing reported in Pink disclosure or financials in over a year! If the news was good or even just favorable they'd report it so draw your own conclusions.
There's no future and no upside for UAMA and you can take that to the bank!
Canadian Press says UAMA CEO convicted criminal. The Supreme Court deaf to the cause of Benoît Laliberté
Worth noting that if, at the time, Benoit Laliberte, UAMA CEO had been tried in another Canadian Province he would have gone to JAIL!
See the last paragraph in the article below:
By: The Canadian Press on: 2011-04-21
The highest authority in the country refused to hear the appeal of the former president of Jitec. He will have to take out his check book and sign an amount of $ 800,000 for which he was sentenced for insider trading.
Benoît Laliberté did not want to appeal his conviction, but argued that he only had to pay $ 20,000 according to his interpretation of the section of the Securities Act that provides for fines.
The country's highest court today said it was not going to look into his case.
Pas de quoi se réjouir pour Benoît Laliberté qui posait ici avec son avocat Pearl Reevin
Benoît Laliberté who was here with his lawyer Pearl Reevin
He was convicted in 2008 of about 40 counts for violating the Securities Act in 2000 and 2001, when he was President and Chief Executive Officer of Jitec, a publicly traded computer company. from Montreal.
During this period, Mr. Laliberté had acquired thousands of Jitec shares through several thirds, while the appropriate insider reports had not been made. Then the hasty announcement of a partnership with a telephone company had pushed up the value of the title.
The Autorité des Marchés Financiers criticized him for insider trading and the dissemination of misleading information "likely to affect the share price".
He had avoided prison because his crimes were committed before the law was amended in December 2002, which opened the door to the imposition of a prison sentence.
Of course if it wasn't true Mr. Benoit Laliberte would file suit against The Canadian Press, so the truth is clear here!
All of this NEVER PROPERLY disclosed in UAMA, Inelco or Teliphone public disclosure documents.
The SEC does and will act on such violations and likely just a matter of time!
Leading Canadian Law Firm says UAMA CEO guilty!
https://www.fasken.com/en/solution/clientwork/2008/08/expresident-of-jitec-fined-nearly-us900000-for-insider-trading-and-fraudulent-transactions/
The evidence does not lie and these facts were never properly disclosed in US public filings, nor was the fact that Mr.Benoit Laliberte, UAMA CEO has been an undischarged bankrupt for over 10 years.
Given these facts is UAMA a criminal enterprise???
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.
Astounding setbacks for UAMA in 2020.
Said it on many occasions. "At UAMA, the illusion of success is our most important product". And illusion it is! Look back at all the grandiose press releases and note how most turned out to be mere fabrications! No substance at all.
All seems to have caught up with these fraudsters and you can safely presume that there is good reason that they have not filed Pink disclosures or financials for over a full year. Last reported quarter was 3Q-2019 (calendar).
Consider the following list of failures and heed CAVEAT EMPTOR warning and OTC Markets label of "Dark or Defunct".
1) Unannounced $47M bankruptcy of biggest brick & mortar assets of UAMA, Investel et al. A good year for Chairman Cote to resign.
2) Total failure of TNW Wireless Inc! For Investel et al (including Laliberte) they set themselves up as some sort of enterprise that could consolidate many into one. In case of wireless they bought (nobody forced them!) a market-ready wireless carrier with negotiated roaming agreements at very favorable rates and a working 3G network. Former CEO had financing arranged but Laliberte's ego too big and thought he'd do end run. Fired the CEO and potential sources of capital showed him the door. After nearly four (4) years TNW Wireless Inc. has totally failed. If the plan sold to investors by previous RuralCom CEO had gone forward would be $40-60M annual rev. and 40-60% EBITDA and that would have propelled UAMA stock to real solid new highs.
3)Cryptocurrency mining is likely dead or generating so little revenue that reporting the results would totally tank UAMA stock. Fact is Blockchain Domes is nothing more than a sophomoric High School Science project. UAMA's mining business not even on the radar of biggest miners in Quebec let alone Canada, North American or the world.
4) The entire "patent initiative" at UAMA has produced zero results! Actually less if you consider the wasted money and management time devoted to trying to win patent litigation or gain licensing revenue. UAMA et al and Laliberte in particular have failed here as well.
5) Predictably the much publicized anti-trust litigation in Florida has gone nowhere. It was a total waste of time and money! Chalk up another fail for Laliberte.
Look back at Benoit Laliberte's track record, not the fabricated Wikipedia version. The facts are simple. Benoit Laliberte is a convicted criminal according to The Canadian Press and he was found guilty of 44 counts of Stock Fraud, Market Manipulation and Deceiving Investors. He has never built a business of lasting value, though has chalked up an impressive list of failures.
He can't raise institutional capital as that community seems reluctant to lend to convicted criminals. He's also been an undischarged personal bankrupt for over ten (10) years. Seems like you can find signs of fraud everywhere you look inside this enterprise.
Funny, but Laliberte and his now very small team (3 bodies I'm told) haven't accomplished anything this past year and they're afraid to report on it. Nothing reported in Pink disclosure or financials in over a year! If the news was good or even just favorable they'd report it so draw your own conclusions.
There's no future and no upside for UAMA and you can take that to the bank!
UAMA crippled by fraud and incompetence!
Said it on many occasions. "At UAMA, the illusion of success is our most important product". And illusion it is! Look back at all the grandiose press releases and note how most turned out to be mere fabrications! No substance at all.
All seems to have caught up with these fraudsters and you can safely presume that there is good reason that they have not filed Pink disclosures or financials for over a full year. Last reported quarter was 3Q-2019 (calendar).
Consider the following list of failures and heed CAVEAT EMPTOR warning and OTC Markets label of "Dark or Defunct".
1) Unannounced $47M bankruptcy of biggest brick & mortar assets of UAMA, Investel et al. A good year for Chairman Cote to resign.
2) Total failure of TNW Wireless Inc! For Investel et al (including Laliberte) they set themselves up as some sort of enterprise that could consolidate many into one. In case of wireless they bought (nobody forced them!) a market-ready wireless carrier with negotiated roaming agreements at very favorable rates and a working 3G network. Former CEO had financing arranged but Laliberte's ego too big and thought he'd do end run. Fired the CEO and potential sources of capital showed him the door. After nearly four (4) years TNW Wireless Inc. has totally failed. If the plan sold to investors by previous RuralCom CEO had gone forward would be $40-60M annual rev. and 40-60% EBITDA and that would have propelled UAMA stock to real solid new highs.
3)Cryptocurrency mining is likely dead or generating so little revenue that reporting the results would totally tank UAMA stock. Fact is Blockchain Domes is another sophomoric High School Science project. UAMA's mining business not even on the radar of biggest miners in Quebec let alone Canada, North American or the world.
4) The entire "patent initiative" at UAMA has produced zero results! Actually less if you consider the wasted money and management time devoted to trying to win patent litigation or gain licensing revenue. UAMA et al and Laliberte in particular have failed here as well.
5) Predictably the much publicized anti-trust litigation in Florida has gone nowhere. It was a total waste of time and money! Chalk up another fail for Laliberte.
Look back at Benoit Laliberte's track record, not the fabricated Wikipedia version. The facts are simple. Benoit Laliberte is a convicted criminal according to The Canadian Press and he was found guilty of 44 counts of Stock Fraud, Market Manipulation and Deceiving Investors. He has never built a business of lasting value, though has chalked up an impressive list of failures.
He can't raise institutional capital as that community seems reluctant to lend to convicted criminals. He's also been an undischarged personal bankrupt for over ten (10) years. Seems like you can find signs of fraud everywhere you look inside this enterprise.
Funny, but Laliberte and his now very small team (3 bodies I'm told) haven't accomplished anything this past year and they're afraid to report on it. Nothing reported in Pink disclosure or financials in over a year! If the news was good or even just favorable they'd report it so draw your own conclusions.
There's no future and no upside for UAMA and you can take that to the bank!
No upside and no future for UAMA!
Said it on many occasions. "At UAMA, the illusion of success is our most important product". And illusion it is! Look back at all the grandiose press releases and note how most turned out to be mere fabrications! No substance at all.
All seems to have caught up with these fraudsters and you can safely presume that there is good reason that they have not filed Pink disclosures or financials for over a full year. Last reported quarter was 3Q-2019 (calendar).
Consider the following list of failures and heed CAVEAT EMPTOR warning and OTC Markets label of "Dark or Defunct".
1) Unannounced $47M bankruptcy of biggest brick & mortar assets of UAMA, Investel et al. A good year for Chairman Cote to resign.
2) Total failure of TNW Wireless Inc! For Investel et al (including Laliberte) they set themselves up as some sort of enterprise that could consolidate many into one. In case of wireless they bought (nobody forced them!) a market-ready wireless carrier with negotiated roaming agreements at very favorable rates and a working 3G network. Former CEO had financing arranged but Laliberte's ego too big and thought he'd do end run. Fired the CEO and potential sources of capital showed him the door. After nearly four (4) years TNW Wireless Inc. has totally failed. If the plan sold to investors by previous RuralCom CEO had gone forward would be $40-60M annual rev. and 40-60% EBITDA and that would have propelled UAMA stock to real solid new highs.
3)Cryptocurrency mining is likely dead or generating so little revenue that reporting the results would totally tank UAMA stock. Fact is Blockchain Domes is another sophomoric High School Science project. UAMA's mining business not even on the radar of biggest miners in Quebec let alone Canada, North American or the world.
4) The entire "patent initiative" at UAMA has produced zero results! Actually less if you consider the wasted money and management time devoted to trying to win patent litigation or gain licensing revenue. UAMA et al and Laliberte in particular have failed here as well.
5) Predictably the much publicized anti-trust litigation in Florida has gone nowhere. It was a total waste of time and money! Chalk up another fail for Laliberte.
Look back at Benoit Laliberte's track record, not the fabricated Wikipedia version. The facts are simple. Benoit Laliberte is a convicted criminal according to The Canadian Press and he was found guilty of 44 counts of Stock Fraud, Market Manipulation and Deceiving Investors. He has never built a business of lasting value, though has chalked up an impressive list of failures.
He can't raise institutional capital as that community seems reluctant to lend to convicted criminals. He's also been an undischarged personal bankrupt for over ten (10) years. Seems like you can find signs of fraud everywhere you look inside this enterprise.
Funny, but Laliberte and his now very small team (3 bodies I'm told) haven't accomplished anything this past year and they're afraid to report on it. Nothing reported in Pink disclosure or financials in over a year! If the news was good or even just favorable they'd report it so draw your own conclusions.
There's no future and no upside for UAMA and you can take that to the bank!
UAMA covering up colossal failures!
Said it on many occasions. "At UAMA, the illusion of success is our most important product". And illusion it is! Look back at all the grandiose press releases and note how most turned out to be mere fabrications! No substance at all.
All seems to have caught up with these fraudsters and you can safely presume that there is good reason that they have not filed Pink disclosures or financials for over a full year. Last reported quarter was 3Q-2019 (calendar).
Consider the following list of failures and heed CAVEAT EMPTOR warning and OTC Markets label of "Dark or Defunct".
1) Unannounced $47M bankruptcy of biggest brick & mortar assets of UAMA, Investel et al. A good year for Chairman Cote to resign.
2) Total failure of TNW Wireless Inc! For Investel et al (including Laliberte) they set themselves up as some sort of enterprise that could consolidate many into one. In case of wireless they bought (nobody forced them!) a market-ready wireless carrier with negotiated roaming agreements at very favorable rates and a working 3G network. Former CEO had financing arranged but Laliberte's ego too big and thought he'd do end run. Fired the CEO and potential sources of capital showed him the door. After nearly four (4) years TNW Wireless Inc. has totally failed. If the plan sold to investors by previous RuralCom CEO had gone forward would be $40-60M annual rev. and 40-60% EBITDA and that would have propelled UAMA stock to real solid new highs.
3)Cryptocurrency mining is likely dead or generating so little revenue that reporting the results would totally tank UAMA stock. Fact is Blockchain Domes is another sophomoric High School Science project. UAMA's mining business not even on the radar of biggest miners in Quebec let alone Canada, North American or the world.
4) The entire "patent initiative" at UAMA has produced zero results! Actually less if you consider the wasted money and management time devoted to trying to win patent litigation or gain licensing revenue. UAMA et al and Laliberte in particular have failed here as well.
5) Predictably the much publicized anti-trust litigation in Florida has gone nowhere. It was a total waste of time and money! Chalk up another fail for Laliberte.
Look back at Benoit Laliberte's track record not the fabricated Wikipedia version. The facts are simple. Benoit Laliberte is a convicted criminal according to The Canadian Press and he was found guilty of 44 counts of Stock Fraud, Market Manipulation and Deceiving Investors. He has never built a business of lasting value, though has chalked up an impressive list of failures.
He can't raise institutional capital as that community seems reluctant to lend to convicted criminals. He's also been an undischarged personal bankrupt for over ten (10) years. Seems like you can find signs of fraud everywhere you look inside this enterprise.
Funny, but Laliberte and his now very small team (3 bodies I'm told) haven't accomplished anything this past year and they're afraid to report on it. Nothing reported in Pink disclosure or financials in over a year! If the news was good or even just favorable they'd report it so draw your own conclusions.
There's no future and no upside for UAMA and you can take that to the bank!
Year-end inventory of UAMA failures:
1) Unannounced $47M bankruptcy of biggest brick & mortar assets of UAMA, Investel et al. A good year for Chairman Cote to resign.
2) Total failure of TNW Wireless Inc! For Investel et al (including Laliberte) they set themselves up as some sort of enterprise that could consolidate many into one. In case of wireless they bought (nobody forced them!) a market-ready wireless carrier with negotiated roaming agreements at very favorable rates and a working 3G network. Former CEO had financing arranged but Laliberte's ego too big and thought he'd do end run. Fired the CEO and potential sources of capital showed him the door. After nearly four (4) years TNW Wireless Inc. has totally failed. If the plan sold to investors by previous RuralCom CEO had gone forward would be $40-60M annual rev. and 40-60% EBITDA and that would have propelled UAMA stock to real solid new highs.
3)Cryptocurrency mining is likely dead or generating so little revenue that reporting the results would totally tank UAMA stock. Fact is Blockchain Domes is another sophomoric High School Science project. UAMA's mining business not even on the radar of biggest miners in Quebec let alone Canada, North American or the world.
4) The entire "patent initiative" at UAMA has produced zero results! Actually less if you consider the wasted money and management time devoted to trying to win patent litigation or gain licensing revenue. UAMA et al and Laliberte in particular have failed here as well.
5) Predictably the much publicized anti-trust litigation in Florida has gone nowhere. It was a total waste of time and money! Chalk up another fail for Laliberte.
Look back at Benoit Laliberte's track record not the fabricated Wikipedia version. The facts are simple. Benoit Laliberte is a convicted criminal according to The Canadian Press and he was found guilty of 44 counts of Stock Fraud, Market Manipulation and Deceiving Investors. He has never built a business of lasting value, though has chalked up an impressive list of failures.
He can't raise institutional capital as that community seems reluctant to lend to convicted criminals. He's also been an undischarged personal bankrupt for over ten (10) years. Seems like you can find signs of fraud everywhere you look inside this enterprise.
Funny, but Laliberte and his now very small team (3 bodies I'm told) haven't accomplished anything this past year and they're afraid to report on it. Nothing reported in Pink disclosure or financials in over a year! If the news was good or even just favorable they'd report it so draw your own conclusions.
There's no future and no upside for UAMA and you can take that to the bank! /b]
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.
OTC Markets flags 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.
Anti-trust litigation a bust? Counsel exits!
Time for an update Mr. Laliberte. Just like patent litigation it seems anti-trust litigation turned out to be a colossal waste of time and money!
TNW Wireless $300M market cap and NASDAQ listing?
TNW Wireless Inc. could be a successful cellular telephone company operating in rural Canada and generating $40-80M today with 40-60% EBITDA. Instead of using RuralCom CEO (renamed as TNW Wireless Inc) and his documented financial support from institutional investors, Laliberte chose to follow his ego, fired the RuralCom CEO and closed the door to institutional investment. Needless to say when Laliberte, UAMA CEO approached those same institutional investors they showed him the door!
Not sure why Laliberte bought RuralCom in the end as he didn't even give the RuralCom CEO the opportunity to make good on that financial support and a well thought out plan to become the largest rural cellular carrier in Canada. Seems like his ego gets in the way!
RuralCom CEO had successfully taken a turnaround company on to the NASDAQ. Could have done that for TNW Wireless Inc.
Under Laliberte, TNW Wireless Inc. (formerly RuralCom) has totally failed. They screwed up relationships established by RuralCom CEO and failed to act in a timely manner.
So to those other posters who laud praise on Laliberte, the convicted criminal and business killer, I'll call it all just BS. Laliberte is a poor excuse for a CEO and deserves no praise for his failures. Today TNW Wireless in the laughing stock of the Canadian wireless industry.
UAMA a lightweight hobby miner!!!
BS posters would have you believe that UAMA is a "player". They aren't and nothing could be further from the truth.
Compared to other Canadian companies like HIVE (TSXV) UAMA is a lightweight!
The name of the game is to get cheap "green power" and build and operate as many miners as you can. Not older equipment but the latest, fastest and most powerful processors. The HIVE You TUbe video does a good job of explaining the need and showing how its done!
After watching this you'll quickly come to understand that what UAMA is doing is just "ego fodder" for Benoit Laliberte who likely has a clever and talented mind, though has gotten carried away with his focus on patents. Note that after four (4) years UAMA has not succeeded in any patent litigation or signed any licensing agreements. That's been a total failure and indicative of the lack of inherent value in the patents.
All same with TNW Wireless Inc. Mr. Laliberte believed that he had patentable intellectual property that was going to transform the wireless industry. Instead of building on "market ready" RuralCom he chose to pursue the POS iPCS technology. That has also completely failed.
Think about it though. RuralCom was "market-ready" and the former CEO of RuralCom had investors ready to invest, the kind that had already issued term sheets to the Company. Lalilberte's ego got in the way and he decided to bet it all on unproven technology that nobody in the wireless industry cared enough about to even trial it.
IF, Mr. Laliberte had simply moved ahead with RuralCom, built on the roaming agreements already in place with all the major US carriers and agreements in negotiation with the Canadian Carriers, that business would be generating $40-60M per year by now with 40-60% EBITDA.
No news. MMs manipulating? Caveat Emptor
CAVEAT EMPTOR, No news, grossly delinquent filer!
UAMA has not filed any Pink disclosures or financials in well over a year.
Last reported quarter 3Q-2019.
What are they hiding?
Is UAMA a criminal enterprise?
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-1
The evidence does not lie and these facts were never properly disclosed in US public filings, nor was the fact that Mr.Benoit Laliberte, UAMA CEO has been an undischarged bankrupt for over 10 years.
Given these facts is UAMA a criminal enterprise???
Leading Canadian Law Firm says UAMA CEO guilty!
https://www.fasken.com/en/solution/clientwork/2008/08/expresident-of-jitec-fined-nearly-us900000-for-insider-trading-and-fraudulent-transactions/
The evidence does not lie and these facts were never properly disclosed in US public filings, nor was the fact that Mr.Benoit Laliberte, UAMA CEO has been an undischarged bankrupt for over 10 years.
Given these facts is UAMA a criminal enterprise???
Canadian Press says UAMA CEO convicted criminal. The Supreme Court deaf to the cause of Benoît Laliberté
Worth noting that if, at the time, Benoit Laliberte, UAMA CEO had been tried in another Canadian Province he would have gone to JAIL!
See the last paragraph in the article below:
By: The Canadian Press on: 2011-04-21
The highest authority in the country refused to hear the appeal of the former president of Jitec. He will have to take out his check book and sign an amount of $ 800,000 for which he was sentenced for insider trading.
Benoît Laliberté did not want to appeal his conviction, but argued that he only had to pay $ 20,000 according to his interpretation of the section of the Securities Act that provides for fines.
The country's highest court today said it was not going to look into his case.
Pas de quoi se réjouir pour Benoît Laliberté qui posait ici avec son avocat Pearl Reevin
Benoît Laliberté who was here with his lawyer Pearl Reevin
He was convicted in 2008 of about 40 counts for violating the Securities Act in 2000 and 2001, when he was President and Chief Executive Officer of Jitec, a publicly traded computer company. from Montreal.
During this period, Mr. Laliberté had acquired thousands of Jitec shares through several thirds, while the appropriate insider reports had not been made. Then the hasty announcement of a partnership with a telephone company had pushed up the value of the title.
The Autorité des Marchés Financiers criticized him for insider trading and the dissemination of misleading information "likely to affect the share price".
He had avoided prison because his crimes were committed before the law was amended in December 2002, which opened the door to the imposition of a prison sentence.
Of course if it wasn't true Mr. Benoit Laliberte would file suit against The Canadian Press, so the truth is clear here!
All of this NEVER PROPERLY disclosed in UAMA, Inelco or Teliphone public disclosure documents.
The SEC does and will act on such violations and likely just a matter of time!