Slow and steady wins the race
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Wow! Wrong again. You really are in a bad mood today. lol. CEO said many times no employee could sell their stock until they were profitable not that they couldnt get paid a salary! Would you work for free for 5 years? Come on, thats just ridiculus
That is not entirely accurate. He can increase o/s yes but he can NOT cash in or just randomly direct funds from the sale of shares as he can not sell free trading shares from the treasury even with an 8k filing. There is no mechanism for that because the TA and the brokerage firms wouldnt allow it. Any version of that scenario would require a legal opinion from an sec attorney (with their license on the line) accepted by both the TA and the broker dealer. Thats why there is a 3a10 process in place directed by court order and SEC oversight. There is no way to pocket those funds without going to prison. No way!
Again, this is debt consolidation like it or not. Accusing the ceo of essentially embezzling or misappropriating funds is irresponsible and ludicrous. That said, there is nothing wrong with questioning why he made the decision or even disagreeing with him but allowing your emotions to blindly accuse the man of multiple felonies is too far. IMO.
I would also ask, what has he lied about? The man paid the bills to a sub-contractor that has been owed this money for 3 years! What would you do, not pay, risk getting taken to court and getting a judgement against the company which without question would need to be disclosed to the public (which would just panic people as well) and in an S-1. Do you have any idea how much of a delay a legal action would cause in an S-1 process!? you could be delayed 6 months or more! Which is probably why hes getting everything expedited and out of the way now ahead of a filing.
If you dont sell you dont lose. Plain and simple
Cede &co is stock held in street name by those not wanting there name public. Anyone could own those including the company considering they are alternative reporting. I hadnt thought about that so you might be correct although its more likely a mix of the company and other investors.
I would also state that ALL UATG executives are prohibited to deposit their stock and have the legend lifted per corporate instructions and the only person that can currently lift a legend off of a UATG certificate is the CEO so even if they could deposit their shares they can not sell them
Last time I checked I didnt see an 8k filing that stated the CEO sold shares. if you have found that please post it
I completely agree with you. Mr. Umbra should figure out a way to communicate more with us. He has improved over the last 2 years but it needs to be better.
The stock price last week was odd and I can not figure it out for the life of me. When I asked the ceo he didnt have an answer either. Maybe they were buying shares but who knows.
You are correct, IMO, that UATG doesnt attract the wealthy investors but that will change once we up-list.
Today is bad but I think riding this dog out is the only shot at recouping my money. I bought more today as well
Next Cast debt has been there for 3 years as far as I can tell. If it was about just money why did he wait 3 years? He could have done it at any time before. This is not new nor is there evidence there is something evil going on.
I am holding. I have no choice but more importantly all this activity is leading to something
Well send him an e-mil, yell at him, tell him what you would do if you were the ceo of a publicly traded company his size, tell him what your experiences are and why he should listen to you. The man is not unreasonable. I was upset years ago about my situation and my holdings with the company and I let him know it.
I dont mean to insult you but there are a lot of people here that complain, speculate bad agendas and spread bad information but never call the company. Why am I and only a few others the only ones that call? What makes it worse I get mocked by some for calling the company! Its YOUR money and YOUR company- CALL THEM AND ASK QUESTIONS!
The only way we all are going to get a handle on this thing is if we coordinate and share information
If you swear that the company is a fraud and the ceo is a crook...
Why buy more stock? Why not just sell your holdings and be done with it? I am holding so if you want to sell- I will buy it
In the past weeks we are down only 3/10ths of a penny and you want to throw the baby out with the bath water?
You should call the CEO and tell him. Just like I told Litar but then that never takes place. Why?
I would also say that I doubt very much anything any of us says to anyone in the company is going to change the plan that they have obviously had in place for 2 years. lol
Although I understand your frustration. You should call the company. Number is on their website.
Market makers would never coordinate with a a company to pull money out of the market on behalf of a company for several reasons one of which is they could careless about any one company (only their pockets) second they would be shut down quickly because it breaks several regulations and laws.
The company did a 3a10, paid debt and the crediting firm that paid the debt is getting their money back. Its not complicated and there are no conspiracies here. Many companies do this but in the case of UATG it is a problem because of share structure, the pps and being on the pinks.
Silent for months? They put our a letter two weeks ago in a press release.
I dont see us being bought at over $1 pps because we are sub penny. I would expect a penny or 2 per share. We would then probably do a share exchange on that ratio based on the pps of the merging company. The more you have the more you end up with which is why I bought more today (especially at 0.0028 and 0.0027). Any conversion down would exchange your shares for the same dollar amount but not same share count. Someone who only has a couple thousand shares might be effected but anyone with a large block would make out because the price almost always sees a bounce after a merger then it will settle back down. In the case of UATG I would think the price will go up and then drop drastically once all the pink flippers sell their positions. It is almost certain that the company has taken this into consideration and maybe even counted on it (to remove as much toxic equity as possible). Once selling settles down I would think they would make a significant announcement that would push the price upward. This would keep much of the shorters and short minded out of the stock which will help all the long term investors.
If I had to blindly guess I am thinking the merging company is probably trading at $10/share to give them room for when the pps drops during the pinks sell off. If its a merger with an IPO then I would wager the company would go public around the same price or higher for the same reasons.
Not taking into consideration any current revenue, UATG based on its assets alone and the current o/s is worth probably 0.07 pps. If its a merger with an existing QB or QX company UATG will probably negotiate from a premium of that number down and the merging company will negotiate from our current price up which will probably land us somewhere under 0.05. Its difficult to guess all this but realistically I would bank on a conservative number like being bought for under 0.03 just to play it safe.
If its an ipo merger its anyones guess but the price will most likely be higher but end up about the same after conversion. Either way, big blocks make money. Thats what I am hoping for which is why I bought a lot more
He is close to ceo. Designs with Mr. Umbra. I met him a few years back in Austin. Really nice guy and very smart
Thank you!
Can someone post the link to the court filing please?
You are partially correct and Litar is always going to spread the negative angle on everything. He grumpy. lol.
First, a merger or reverse merge is NOT a reverse split. Never has been and never will be.
Second there is NO way to figure out the conversion because we dont have enough information and the big one is, if UATG is bought and reverses into a company we do not know at what price the company is being sold at. There could be a conversion down or up depending on even more variables we do not know like pps of UATG and the merging company at the time of the merger.
Speculating should be done cautiously. I bought more today because of a worse case scenario. Having more stock ensures that I make money regardless of what they do.
If we merge with a higher pps company we would convert automatically or you can decline. We would be notified and have the option to opt out. Happened to me years ago.
could be. Its a complicated and serious plan with a lot of steps but its looking like it is Potentially the case
yes because then part of your stock will be worth above $2 or higher pps which is the minimum for big boards
Interesting point t observe here. The hours for NextCast are humorous just like the care instructions for Hygieia socks and the boxers. Read the care instructions for the boxers:
https://hygieiasport.com/products/hygieia-boxer-briefs
When I spoke with Mr. Umbra I mentioned how everyone I gave the socks to loved the socks and the funny instructions. Thats when he told me that when he saw the original care instructions they were boring and when he asked for a rewrite they came back even more serious so......
HE WROTE THEM HIMSELF!!!!
I remember this because he is such a serious guy and when I mentioned it to my wife she laughed at me and said hes very funny and they joke all the time.
If I had to guess he is in some way involved with that company and there is NO way I could imagine this CEO giving up control of UATG. If they merge hes taking over which is why things look so similar. If this is true then he put this in motion more than 2 years ago!
It just occurred to me that Litar might be on to something with one of his posts but I am sure he didnt mean to be in this way. If they merge there will be a conversion of shares. If that takes place then those with small amounts of shares will lose some equity. This will of course depend on pps of UATG at the time, pps of merging company, deal structure and cap structure of each company.
The last one is interesting because its exactly what they are doing now. I am not worried about deal structure because if they wanted to get rid of shareholders then they would have taken my advice and done a rs so obviously this guy is trying to protect shareholders. It would have been easier, faster and cheaper to a rs and would have freed up more shares for dilution if thats what they were about.
You would save the increase to a/s for last because it will be the one thing that would be made public and we would see it. Then, we would all flip out and complain, shorters would come in and price would drop. This is helpful to company because the lower the price the more extreme the conversion. Like I said yesterday, this is why he isnt worried as much about the pps. To be honest, the pps might be exactly where he wants it which is scary to think about how on top of things you would need to be to manage this and make it happen. That is chess on a whole new level.
My point is that anyone with less than say a million shares would potentially be vulnerable but of course this all depends on many variables so calculating how many shares someone would need is next to impossible.
This makes a lot of sense to me because if any of us were running a company and wanted to protect as many shareholders as possible while getting rid of some of the toxic equity this would be a way to do it in part. If youre not willing to use the nuclear options (a r/s) and get rid of all of them while accepting that some innocent investors might be effected as well then you would have to be ok with getting some of them instead.
I am just guessing but this guy is very measured and is a planner. The fact that he thought this far ahead through so many layers is impressive. I can only imagine what they have planned for the next two years. Of course thats if my hunch is correct.
Regardless, I am buying more just in case. This could be a really big win
They have changed their website. It doesnt look the same as it did when the press release came out. They must be getting ready to launch or still be tweaking website.
CEO has not released any information privately. He cant its against SEC Regs. Thats why when we email him he so careful and only references previous news releases.
Could be. One thing is for certain, we are getting closer to unraveling their plan and so far it looks very well thought through. Anyone who speaks with the company knows that these guys are smart and serious.
I’m looking forward to this upcoming year and will have no words to express how I will feel when they finally pull this off after 5 years. Im very excited
I think the debt consolidation is in preparation for a merger. They needed to clean up the books and restructure the capital structure of the company.
The trading today reflects the selling of security they used by whatever financial institution they used to pay the debt down as explained in the court filing for the 3a10. Taking into consideration the amount of shares sold it is very impressive how much was bought up and held at the current price. To me this indicates there is a lot of interest in the company by people who see the value in the stock.
I have been in for 5 years and over the past year have begun buying again. I made several purchases this week and am glad I did.
I agree. Everything thing they have done and every partnership has been done for a reason and it wasn’t just for manufacturing or sales. These guys are planners and I really believe the ceo hates pinks and wants to uplist. He’s not fooling around. He’s a serious guys with a lot of experience and smarts. I’m glad I stuck it out. I was skeptical about uplist and timing but now that I think I understand what they are doing I am very excited. This could see double digits in 12 months. I never thought I would see this day!
Makes sense. If they go public and we merge at $5 pps then most of the flippers will sell off fast. Price will drop a little but all we really need to be at is $2 pps and we can still go NYSE or NASDAQ. They may merge a little higher just to account for the massive sell off so they still meet minimum pps requirements. Once all the cheap stock and the flippers are gone then they will probably make the announcements they have been holding back. If the news is good enough the pps will go up and the pink flippers won’t be able to afford to buy back in.
If this is in fact his plan he is a very smart and disciplined man with a whole lot of patience. Something I’m sure he is considering his background.
Also, from his stand point the low price now probably works to his advantage now that I think about it. No wonder he’s not concerned and confident that he is on schedule. It’s actually pretty darn smart. It took us a year to figure it out. He has definitely been playing chess while we were thinking hop scotch.
This is probably why they increased the a/s in increments and waited to the last minute to go to a billion. Something is coming soon.
Not acquiring merging post IPO at higher price! Think about it! Its actually quite brilliant. The price would be dictated at the IPO and could be almost anything. Almost guaranteed to be above $3 pps
UATG is making alot of sense in my opinion. We are getting more and more information by the day. Everything is pointing to a merger or acquisition. The problem everyone is having is the same one I was having. We were looking at this company all wrong because we were think like pink sheet traders and not NYSE executives. The filings, the 3a10, professional marketing company, the change in CFO a while back, the release of products all from one division and all interconnected....These are higher level moves and most pink sheet companies are stock plays not executable business models delivering real products.
I think things are picking up internally and we are going to see something soon. Its been 5 years for me and I am actually starting to get excited
Stock price is NOT down 60%. Its actually higher average for the month! Did you forget where we were a few weeks ago? So it doesnt count when the stock price goes up only down?
There is a lot of very odd comments and speculation on this board lately.
Settle debt is good because it is a clue to what they are planning. Clearing the books pre-merger makes audits cleaner. No one finds it interesting the Next Cast is involved. That company is suppose to be fully funded so maybe they are taking that company public and merging post IPO at a higher pps? That would instantly change the price. The only problem with that is it takes 6-12 months but then again we dont know how far along they might be.
You dont really expect the company to tell us what is going on until after its done do you? Why because pink sheet flippers would never try to capitalize on their plan? After all the toxic equity they struggled to get rid of and fighting all those who were trying to short and push the stock down you now expect the company to trust the market and the flippers? With all the cheap stock out there they are now suppose to move the price up while telling us everything because all the pink flippers will now hold and actually try to help the company do what it wants to do? lol Come on Joe!? youre smarter than that!
We arent going to change anything or convince the company to tell us anything. I say we sit back, wait and watch the man work. Hes done everything he said he would so far why not trust him to follow through.
Its a 3a10 and its not exactly a default. Its debt settlement and its can be done for acquisitions. NBF has very little to do with it it other than being a facilitator of payment.
I sent the ceo an email about 20 min ago asking if he could confirm that the company was looking to be acquired or merge with another company? I asked if he had plans to put out a pr in the next week or so?
He’s an early riser and sometimes he answers quickly if you catch him early. Worth a shot
You are correct. I believe it was 3 weeks but it also creates liquidity the stock has never seen before. Not that I am a fan but in the case of UATG I’m not sure it’s going to matter all that much. With a merger the pps goes up as long as it’s with a company trading much higher. I wish I knew which company because then we could crunch numbers.
UATG has $35M in assets. They are using gap accounting standards to calculate loss which is why you are interpreting it as $9M
Last update was 2 weeks ago in the form of a shareholder letter made public. CEO is adamant about not behaving like pink and putting news out for the sake of news and stock price pump. He wont do it. Told me news goes out when there is significant news not when people want to pump the stock. he got a little indignant about that point. He told me his job is to build a sustainable scalable business that builds valuable stock price not the other way around (something like that). Its difficult to remember how he phrased it. Made sense and sounded better when he said it.
He told me this company is going to the big boards and all the pink traders looking to short or pump will be left behind. He wants out of otc and is determined to do it. He says everything is going the way it should and that there will be times everyone hates him because they dont understand or because they can not capitalize on it and there will be times when everyone loves him when they see why they did what they did and how far they have come.
He said the day is coming very soon when he can focus more on operations than metrics and securities and that is his focus right now. He doesnt like the distractions the pinks bring and he has a real problem with the way the system is designed to NOT incubate companies with real business models and products. He was actually very candid and animated about that point.
I have to tell you, he seems very confident in what hes doing just as he always does and I really do believe he has a plan to uplist. I just hope hes correct. Hes a smart guy and has delivered so far so I am willing to hang on and give the man a shot
He plans on doing a town hall with sharehlders in 2 months. I found that odd timing and odd that he was that specific. Why wait that long or why wait until the end of the quarter?
I think 2 months might be our window folks!
He didnt seem concerned at all about moving forward but did say it was unfortunate that shareholders were speculating the worst. He said he understands why but unfortunately its part of the environment we are in. Not completely sure what he meant by that. He had to go.
Something is definitely up!!!
I asked about the company buyback and apparently it has happened and will continue for a while. He seems to be holding something back about that. I think they are buying cheap intentionally. I wonder how much of the o/s and float are controlled by the company?
He will not confirm a merger or acquisition but DID say that, that was in line with the strategy they have already released and made public in his letter to us.
Honestly, I wasnt sure about my hunch 100% but now I really think I was closer than I thought
he said he understands everyones concern about pps but he "thinks in term of years not minutes". He is less concerned about the pps minute to minute because he is executing on a 12 month strategy. He says he is confident we are uplisting and will do so this year. They have alot going on and he feels that the market is smart and will respond.