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“What kind of CEO spend time in stock message board? “... Incompetent, resourceless, failed ex CEO of Ruralcomm.
... And why would you even think Quebec AG give a damn about a letter from an incompetent, resourceless, failed ex CEO of Ruralcomm? He’s a persona non grata
Message to Quebec court??
I’m sure court people are busy and no one is coming here to read stock messages. They’ve better things to do.
That’s JITEC. No relation to UAMA and it wouldn’t harm a bit.
This.is.not.happening.
There’re some dreams and wishes that never come true. Count this among them.
If UAMA failed to disclose anything, don’t you think SEC would’ve taken action against company by this time? Are they so incompetent that they haven’t done something financially beneficial to them?
Hope they send Ex CEO Ruralcomm to Rikers island.
LOCK HIM UP!
On a second thought...psychiatric ward at Bellevue would be more appropriate.
I recall from investors call, Benoit saying he doesn’t need to make any disclosure and if there’s any query from SEC, he’ll respond.
Sure, Jan. Care to share the accepted link?
did you get a spell checker?
Good question.
I asked if the company plans to uplist to QB, but haven’t got a specific answer. My guess, they’re very busy at this time or it’s in the works.
That’s right. I’ve seen other companies in OTC submitting it.
They may have to submit an attorney letter for OTC to make it pink current.
FACT: Saying bankruptcy is nothing burger based on no facts!
FACT:Read the financial statements of company.
UAMA CEO great guy and in violation of nothing!
UAMA CEO was awarded the Young Entrepreneur of the Year by the Business Development Bank of Canada (BDC). Must be a brilliant guy.
https://en.wikipedia.org/wiki/Beno%C3%AEt_Lalibert%C3%A9
Quote:
He invented several technologies in telecommunications, social media, and information technology.
He started his own business called Jitec in 1986 at the age of fourteen, building computer systems in his basement for friends and family. He dropped out of high school to work full-time on JITEC. After working at JITEC for several years as sole proprietorship, he incorporated the company in 1992 and began to sell computers, software and related components in Canada.
In 1994, Laliberté created Vectoria Inc., a portfolio of companies involved in software, information technology, and telecommunications. In conjunction with Vectoria, JITEC created the first electronic virus immune computer using its Electronic Virus Activity Control (EVAC) technology. EVAC was built into computer servers to immediately detect and prevent viruses. By 1996, JITEC had CDN$7 million in annual sales and 45 employees. This led to him winning the Young Entrepreneur of the Year award by the Business Development Bank of Canada (BDC).
In 1997, Laliberté created Windows Based Intelligent Terminals (WINBIT) and POWERVEC servers. He worked with Microsoft to develop the first generation of cloud computing services. In July 2000, JITEC was listed on the Montreal Stock Exchange after a successful IPO. At this point, Laliberté's personal net worth was in excess of $345 million.
Laliberté, through Investel Capital Corporation, currently holds several international patents and patents-pending. Among those are:
Paid-to-View
iFramed
Internet Personal Communication Service (iPCS)
BlockChain Data Centers
BlockNum
INVESTORS ALERT: DON'T TRUST EMPTY STATEMENTS THAT'RE NOT BACKED UP WITH FACTS!
UAMA, a great company to invest!
Company is not in bankruptcy. Nothing could be further from the truth.
Don't believe the posters, do your due diligence with financial/operational reports filed with SEC.
Q2 shows company started generating revenues from April. So no more going concern at the moment. Company also obtained additional funding for their operations.
2018 Q2:
https://backend.otcmarkets.com/otcapi/company/financial-report/202647/content
https://www.nasdaq.com/press-release/second-quarter-2018-financial-results-and-operational-highlights-released-by-unitedcorp-20180917-00591
2017 annual report is audited.
https://backend.otcmarkets.com/otcapi/company/financial-report/197950/content
Quarterly audit is not a requirement in OTC. No company waste their time on it.
Company or its management never made any misrepresentation.
UAMA CEO is brilliant. All allegations against him are false.
Read the full story here:
https://en.wikipedia.org/wiki/Beno%C3%AEt_Lalibert%C3%A9
Quote:
JITEC was growing rapidly; its stock had jumped from CDN$3.80 in late July 2000 to CDN$11.65 in only a few weeks. This sudden success caught the attention of many, including multi-millionaire Herbert Black, who then became a friend and advisor to Laliberté. However, unbeknownst to Laliberté, Black had a well established history of profiting from the short selling of companies' stocks. Soon after becoming involved with Laliberté, Black allegedly began this process with JITEC. He reported Laliberté to the Quebec Security Commission (QSC) and accused him of insider trading and irregular transactions. He put immense pressure on the QSC to have a cease trade order issued against JITEC, which triggered an investigation. Meanwhile, JITEC stock was falling rapidly based on leaked information to the media. On Nov 10th, 2000, Paul Trudeau, principal investigator for the QSC in the case signed an affidavit required for the QSC to issue a personal cease trade order on Laliberté and an investigation was initiated. This resulted in his forced resignation as CEO the following day, the same day that Black had initiated a class action suit against JITEC, CIBC, Canaccord, and Laliberté himself for losses incurred with the drop in share price. However, at the same time Black was shorting the stock at $10 thereby benefitting from the stock's drop. In 2011, after conducting an extensive investigation, the CIBC filed as part of its defence, that Black himself alone was responsible for the drop in share price.
A small article in the Journal de Montréal in 2002 reported that Paul Trudeau, the QSC investigator, was reinstated after being arrested and subsequently fired for receiving a bribe of $1,000 from Herbert Black in 2000. Black, who had not disclosed to Trudeau the personal interests he had in the fall of the stock price, was revealed to have shorted the stock of JITEC through insider trading with privileged information. He had apparently manipulated the Commission des Valeurs Mobilières du Québec (CVMQ- now the Authorité des Marchés Financiers, AMF) in hopes of profiting from the downfall of the JITEC stock: he was short selling stocks while informing other investors of alleged irregularities in order to decrease its price (Black had been previously linked to a Commodity Futures Trading Commission lawyer and investigator, Dennis O'Keefe who was disbarred in 2005 based on conflict of interest charges from his 1995 investigation of Sumitomo Corp. for copper price fixing which resulted in a $150 million settlement in 1998). Black denied these allegations. When this was brought to the attention of Laliberté, he immediately filed a lawsuit against the QSC for a record-breaking $127 million in November 2003 on the basis that the QSC was complacent with Black in the demise of JITEC . It was later revealed that Laurent Lemieux, another senior QSC investigator involved in the JITEC case had leaked information on the investigation to the press and was also fired. In what some have viewed as retaliatory, subsequent to Laliberté launching the lawsuit the QSC initiated actions on securities infractions.
Dear Ex ceo of Ruralcomm, try building a business. That would be a real competition.
Until then you’re just another keyboard warrior out there.
UAMA started generating revenues from last quarter. Read the financial statements for proof.
That’s all you need it.
Give it another quarter, company revenues will be in millions.
Nonsense! UAMA is another public company. There won’t be any bearing from civil disputes between two other entities.
By the way, all patents belong to UAMA.
Anyone tells otherwise is a lie.
Benoit Laliberte is building a great business here.
What you seen so far is just an appetizer. 12 course is on the way.
News for you! This is one of the dreams that never come true.
Another false statement. Fact checker says it's worth 4 pinocchios.
Dishonesty at its worst!!! Nowhere in that press release you'll find the word receivership.
Here's the full PR:
http://www.unitedcorp.com/united-american-corp-unitedcorp-announces-the-acquisition-of-tnw-wireless-and-iframed/
Competition is irrelevant. UAMA already has hands full with plenty of contracts. 2 domes complete and several more on the way
UAMA CEO was awarded the Young Entrepreneur of the Year by the Business Development Bank of Canada (BDC). Must be a brilliant guy.
https://en.wikipedia.org/wiki/Beno%C3%AEt_Lalibert%C3%A9
Turned out a gun with no smoke.
UAMA CEO was found innocent.
Read the full story here:
https://en.wikipedia.org/wiki/Beno%C3%AEt_Lalibert%C3%A9
^ Fake news
UAMA CEO was found innocent.
Read the full story here:
https://en.wikipedia.org/wiki/Beno%C3%AEt_Lalibert%C3%A9
quote]
JITEC was growing rapidly; its stock had jumped from CDN$3.80 in late July 2000 to CDN$11.65 in only a few weeks. This sudden success caught the attention of many, including multi-millionaire Herbert Black, who then became a friend and advisor to Laliberté. However, unbeknownst to Laliberté, Black had a well established history of profiting from the short selling of companies' stocks. Soon after becoming involved with Laliberté, Black allegedly began this process with JITEC. He reported Laliberté to the Quebec Security Commission (QSC) and accused him of insider trading and irregular transactions. He put immense pressure on the QSC to have a cease trade order issued against JITEC, which triggered an investigation. Meanwhile, JITEC stock was falling rapidly based on leaked information to the media. On Nov 10th, 2000, Paul Trudeau, principal investigator for the QSC in the case signed an affidavit required for the QSC to issue a personal cease trade order on Laliberté and an investigation was initiated. This resulted in his forced resignation as CEO the following day, the same day that Black had initiated a class action suit against JITEC, CIBC, Canaccord, and Laliberté himself for losses incurred with the drop in share price. However, at the same time Black was shorting the stock at $10 thereby benefitting from the stock's drop. In 2011, after conducting an extensive investigation, the CIBC filed as part of its defence, that Black himself alone was responsible for the drop in share price.
A small article in the Journal de Montréal in 2002 reported that Paul Trudeau, the QSC investigator, was reinstated after being arrested and subsequently fired for receiving a bribe of $1,000 from Herbert Black in 2000. Black, who had not disclosed to Trudeau the personal interests he had in the fall of the stock price, was revealed to have shorted the stock of JITEC through insider trading with privileged information. He had apparently manipulated the Commission des Valeurs Mobilières du Québec (CVMQ- now the Authorité des Marchés Financiers, AMF) in hopes of profiting from the downfall of the JITEC stock: he was short selling stocks while informing other investors of alleged irregularities in order to decrease its price (Black had been previously linked to a Commodity Futures Trading Commission lawyer and investigator, Dennis O'Keefe who was disbarred in 2005 based on conflict of interest charges from his 1995 investigation of Sumitomo Corp. for copper price fixing which resulted in a $150 million settlement in 1998). Black denied these allegations. When this was brought to the attention of Laliberté, he immediately filed a lawsuit against the QSC for a record-breaking $127 million in November 2003 on the basis that the QSC was complacent with Black in the demise of JITEC . It was later revealed that Laurent Lemieux, another senior QSC investigator involved in the JITEC case had leaked information on the investigation to the press and was also fired. In what some have viewed as retaliatory, subsequent to Laliberté launching the lawsuit the QSC initiated actions on securities infractions.
[/quote]
UAMA CEO was found innocent.
Read the full story here:
https://en.wikipedia.org/wiki/Beno%C3%AEt_Lalibert%C3%A9
INVESTORS ALERT: DON'T TRUST EMPTY STATEMENTS THAT'RE NOT BACKED UP WITH FACTS!
UAMA, a great company to invest!
Company is not in bankruptcy. Nothing could be further from the truth.
Don't believe the posters, do your due diligence with financial/operational reports filed with SEC.
Q2 shows company started generating revenues from April. So no more going concern at the moment. Company also obtained additional funding for their operations.
2018 Q2:
https://backend.otcmarkets.com/otcapi/company/financial-report/202647/content
https://www.nasdaq.com/press-release/second-quarter-2018-financial-results-and-operational-highlights-released-by-unitedcorp-20180917-00591
2017 annual report is audited.
https://backend.otcmarkets.com/otcapi/company/financial-report/197950/content
Quarterly audit is not a requirement in OTC. No company waste their time on it.
Company or its management never made any misrepresentation.
UAMA CEO is brilliant. All allegations against him are false.
Read the full story here:
https://en.wikipedia.org/wiki/Beno%C3%AEt_Lalibert%C3%A9
Done.
Second Quarter 2018 Financial Results and Operational Highlights Released by UnitedCorp
MIAMI, Sept. 17, 2018 (GLOBE NEWSWIRE) -- Miami-based United American Corp ("UnitedCorp") (USOTC: UAMA) announced today its second quarter financial results and provided a corporate update from management related to its three strategic areas; data centers/BlockchainDomes, fixed and wireless telecommunications and intellectual property related to social media and blockchain technology.
While the Company is actively developing its business plan in all three areas, operations for the second quarter focused primarily on the implementation of BlockchainDomes which is reflected in its revenue stream for the quarter. Revenue for the quarter is based on 1,000 miners hosted over approximately two months out of a total of 5,000 miners that are being deployed progressively to November 2018.
"We are very pleased with the progress of our operations and the resulting significant improvement in our financial position as well as our first profitable quarter since commencing commercial operations in April this year," stated UnitedCorp CEO, Benoit Laliberte. "In just a few months we have proven that our BlockchainDome technology works, that it can be implemented rapidly and that it is financially feasible. We are also excited about the next phase of development which in addition to expansion will provide BlockchainDome heat to greenhouses and some other very interesting agricultural applications we are working on. We believe this will be a showpiece for the industry for operations and sustainability."
Quarterly Highlights
(all figures in US dollars)
Generated revenue of $257,6561 for BlockchainDome for hosting, management and power over a 2 month period of operation with a gross profit of $108,8072
•Net earnings of $29,543
•EBITDA for the period was 37,171 3
•Increase in tangible assets from $0 to $683,484
•Secured interest-free construction financing
•Cash at the end of the period was $585,582
•2,000 miners in service as of September 10, 2018 and executed agreements for 3,000 additional miners to be installed progressively to November 2018 for a total of 5,000
•Demonstrated successful proof-of-concept for the BlockchainDome technology and BlockchainDome Heat Station with heat transfer to adjacent greenhouse
•All miners remained online even through record-breaking regional heat wave
•New agricultural uses for BlockchainDome heat currently being developed
1 Revenue is based on approximately 2 months of operation of 1,000 miners of a total of 5,000 to be deployed
2 Gross profit consists of total BlockchainDome billings less direct costs (mainly electricity) and is a non-IFRS measure. Since the Company bills in advance for services and pays its main direct costs in arrears, gross profit as a percentage of revenue is higher during the current growth cycle.
3 EBITDA is a non-IFRS measure.
Financial Statements
The Company's financial statements are available on www.otcmarkets.com under UnitedCorp's profile.
Start your real due diligence here. Ignore all other false information.
Reports:
2017 audited annual:
https://backend.otcmarkets.com/otcapi/company/financial-report/197950/content
2018 Q1:
https://backend.otcmarkets.com/otcapi/company/financial-report/200153/content
2018 Q2:
https://backend.otcmarkets.com/otcapi/company/financial-report/202647/content
Press releases:
https://www.nasdaq.com/symbol/uama/press-releases
https://www.nasdaq.com/press-release/unitedcorp-announces-completion-and-full-deployment-of-its-second-blockchaindome-20180920-00682
https://www.nasdaq.com/press-release/second-quarter-2018-financial-results-and-operational-highlights-released-by-unitedcorp-20180917-00591
https://www.nasdaq.com/press-release/unitedcorp-announces-plans-to-expand-its-blockchaindome-heat-station-to-a-second-site-in-qubec-20180725-00772
https://www.nasdaq.com/press-release/unitedcorp-announces-further-expansion-of-its-blockchaindomesadding-1000-servers-to-the-project-fo-20180710-00797
INVESTORS BEWARE! These are mere statements with no factual basis.
Domes are generating revenues (disclosed in financial reports).
Yes! I’ll go with a press release from a fully reporting company than a fraudulent poster in iHub with no affiliation to the company any day.
Big hurdle in obtaining funds? Didn’t you see the news?
“UnitedCorp Announces Major Expansion of its BlockchainDomes Under a Four-Year - CD$ 21 Million Agreement With A Canadian Technology Company
A total of 4,000 mining rigs to be in operation progressively over the next 120 days
MIAMI, FL. -- June 25, 2018 -- InvestorsHub NewsWire -- Miami-based United American Corp ("UnitedCorp")(OTC: UAMA) announced today that its wholly owned subsidiary Blockchain Data Centers Inc. ("BDC") has entered into an expansion of its existing Hosting Service Agreement with a Vancouver-based technology company.
Under the agreement BDC will increase hosting of the company's mining rigs from 1,000 to a total of 4,000. BDC has already commenced construction to increase its BlockchainDome Heat Station capacity and the first additional mining rigs are expected to be online in August. The company has already provided BDC with all initial financial advances as per the agreement and will provide further scheduled advances based on implementation milestones over the next 2 months.
"We are very pleased with the now proven performance and efficiency of our first BlockchainDome and we appreciate the confidence our customer has placed in us by quadrupling its original hosting agreement," stated UnitedCorp President Benoit Laliberte. "This new agreement will allow BDC to increase its heat station capacity to supply heat to additional adjacent greenhouses and continue to build up UnitedCorp's tangible asset value."
In addition to its wholesale hosting business, BDC will continue to develop plans for its retail operation which will provide clients with miners and space in its BlockchainDomes as well as turnkey-managed mining services to individuals. Retail operations are expected to launch later this year.
“
^ This statement is another one in the series of lies and deception.
There is neither any evidence of misrepresentation nor stated by government agencies as such. Just because agency requested further details doesn't mean there was any misrepresentation at first.
Here’s a fact for you:
INVESTORS BEWARE of these misleading posts that conveniently leaves out the details. Fact is CEO is the real victim in this entire affair.
Read the full story here:
https://en.wikipedia.org/wiki/Beno%C3%AEt_Lalibert%C3%A9