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good question. However as reported here and confirmed by the TA report shares went down
So my question is why make an announcement now unless the company is moving forward
just speculating
but could buyback be a possible reason for the company being quiet?
corporate alignment with timelines
This sounds good but how he align goals, objectives while there is no money?
in otherwords timelines are missed because the groups dont get paid, then work stops
IMO it is remarkable that somehow he keeps going and trying
is this one to follow?
they do bsn in SF?
Please explain
"he gives me BACK MY STOLEN MONEY"
you want him (Alex Umbra")to return your stolen money?
Should the money go back to where it was stolen from?
why are you posting that you stole money?
?? Please explain your post regarding return of money by Umbra?
photo shoots-based on your definition the entire fortune 500 are criminals
lol
please give me a break.
I have no duty or obligation to respond to you or anyone on this board. Nor does any reader have a duty or obligation to me or anyone else to respond.
LOL
prove lies or prove the truth. I dont have to do either
Your opinion or your version of "truth". You post negativity for a reason. perhaps to warn others of the risk or the "lies" -call it a version of a "public service" Thats nice. Thank you pointing out the risk that CEO may be a liar or is a liar-past, current or future
The shares last traded at $0.0006
Alex is trying, he may fail. At this point given the share price
there is very little to lose to continue to hold.
There is no more shares being issued so the points about "pump and dump" are not valid
my opinion stands. you can disagree. sell/buy based on your opinion.
This is not personal for me-just trying to make money
every single startup makes statements on future events and how they might be successful
even the successful ones are not accurate in their projections.
take a look at the established companies who provide revenue guidance based on a lot of information. Those are often wrong and then termed "surprises"
You can label them "lies" but in reality they are not. No one knows the future and if Alex Umbra misled anyone in his ability to tell the future then shame on him. IMO everyone should know that NO ONE can tell the future.
1) photo shoot-IMO it is not significant. posters are commenting on conversations. perhaps misunderstood. I have seen pictures of the socks (and ordered/received some as well) so I know that pictures exist and they look like the ones I received. So if the pictures are computer manipulated and not actual pictures taken with a camera then I am ok with that-that is simply today's reality.
2)ponzi scheme-- definition-- A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for early investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers.
?Pyramid Scheme · ?Bernie Madoff · ?White-Collar Crime
Clearly that is not what happened here
If a CEO has not accomplished stated goals/objectives does not mean fraud or ponzi scheme.
Such comments are wrong and potentially liable
Each time I buy a penny stock I have to acknowledge the risk with my brokerage firm. I suspect most if not all brokerage firms have the same procedure. So for someone to state, either explicit or implicit, that they did not know buying UATG shares was risky is not being forthright
Do not misunderstand. I am disappointed in events and the share price. But I understood the risks and invested anyway--high risk and high reward. If someone has different investment objectives then do not invest in penny stocks.
sorry for typo in my prior message
should read
the posters who posted $35m and 5M are both right
IP at $5 million-net
IP at $35 million gross
Yes I can read the UATG financial statements.
never deliver?
cry me a river.
socks are not free. pay for socks get socks
omg a stock selling for less than a penny disappointed
UATG IP
sub-total
$35,390,000
Associated debt
$819,650
valuation adjustment
($30,922,850)
Net Intellectual Property
$5,286,800
the posters who posted 335m and 5M are both right
the poster who posted 3 hamburgers was wrong-unless of course the hamburgers were very very expensive
LOL
IP is $5 million?
someone else posted he bought it for 3 hamburgers
wonder if actual facts can posted on these boards
give me a break
1) phone calls- posters complain CEO doesnt talk then you complain he did phone calls which are a violation-
IMO this is exactly why any pubco should never talk to people
my two cents- not all phone call are automatically violations. probably every pubco is always optimistic about their future- which IMO is why it pointless to call
2) image- CEO has to clear up his image with you? give me a break
UATG has not made any public disclosure for almost a year. No new shares have been issued. Yet many believe something is going on--as evidenced by UCIX
nothing on these boards will influence what the CEO does or does not do. Nor should it
3) photo shoot- wow a stock photo was used. who cares? I would have thought that would be common to save costs.
posters must believe UATG has lots of money to spend and it should be spent as they see fit. IMO UATG has been virtually broke for years and the CEO has been trying to bootstrap to find sucess -which obviously did not work. now it seems with UCIX he will be trying a different approach
penny stocks are very risky. most do not last 2-3 years.
Yet the CEO has stuck with this. He might not succeed, no doubt he made mistakes in the past, no doubt he will make mistakes in the future.
Cat
So Alex should pump a restructuring so you can make 700%?
You want him to do what so many posters are accusing him of doing-pump and dump
do you have close relationship with him so this happens?
What about a decent cash financing to actually make the company work?
positives
-no new UATG shares
-IMO never was a pump and dump- IMO they last about a year, never put their family name on it and certainly do not stick around for 4+ years.
That is not say that there is no risk-there is-any start up has risks-significant risks.
most start ups fail-they fail for a variety of reasons-mostly under funded-which is certainly true for UATG
This does not make Alex a crook, nor it necessarily make him a bad business man
reality check- 2019 not much was disclosed in UATG, we do see another public Umbra company also with no disclosures but does lend credibility to the posts made that something is happening.
IMO pump and dumps just die -never to be heard from again. that is NOT happening here-at least so far-since the restructuring could fail
just my 2 cents
close trading on UATG? who does that hurt?
UATG stopped issuing shares a long time ago. the penny market is risky and the sub penny market even more risky
I suspect the CEO has more invested than everyone who reads these messages and continues to work with any cash compensation
I see where a $100 worth of buying or selling moves the share price which in turns gets readers either excited or depressed
I have started my own business and it takes work and sacrifice. All well worth it AND I did not have to deal with bunch of whiners or complainers. Thanks goodness for that
buy/sell at this point it is all up to the CEO to make it work for no compensation.
Good luck Alex. I will sit back and let others complain that you are not working hard enough or that it is taking too long. Just get it done and make someone else money.
Gotta love free enterprise
can you post a case number? any sort of public reference?
Alex do this
Alex do that
Alex work for free
Alex you need to make ME some money
Alex get work
Did I leave anything out?
Oh yes
If you dont do these things for me then this is a scam
So true- He can have a 100% market share
could be a future news release
huge market potential
LOL that's where they have gone. No wonder he is not reporting sales He is waiting for pickup and payment from visiting aliens
that's why the socks are antimicrobial
depends
one definition of ignorant is lacking of knowledge
by that definition most shareholders are ignorant. I would say all but since Alex is also a shareholder then I can not make a blanket statement since IMO Alex clearly has knowledge that the other shareholders do not
interesting finds
my observations
1) business is in fact progressing
2) Alex is not paying attention to the penny stock forum since it has proven to him at least as non productive in developing the business
NASDAQ readiness confirmed by Litar
Not sure how you confirmed this but thank your for your research
Even if offers of capital were real there are all sorts of legitimate reasons to turn it down.
for example if I offered Alex $1,000 to buy new UATG shares so that I would own 51% of the outstanding shares I would guess that he would reject that offer.
I could then correctly post that Alex turned down my offer of new funding.
Alternatively I could offer $10 million provided that he put up $20 million in cash as collateral for my new investment.
I could then correctly post that Alex turned down my offer of $10 million
We are in the dark with out details and those details, like with any public company, will not be posted on this type of forum
another joke? refused capital from a subpenny investor, What $5?
Oh no!! I offered Alex millions and millions but he wouldn't return my phone calls bo ho
I might not have a pot to piss in but at least I dont go around writing BS
Oh wait. The Warrent Buffet wanbe's are on ihub with millions to invest. Posting and reading messages for stock research
What a farce!
I dont know whats worse. Someone posing as a significant financing source. Or posting details of what should have been a confidential call concerning financing.
Florida Hurricane-I can not believe some of the post on this subject. Hurricanes can be very dangerous and they can be very disruptive to a business, even it does not "take out" a building. Travel is not recommended, evacuations can be ordered and loss of electical power is common
UATG is late on public filings, IMO for reasons that have nothing to do with this hurricane
This hurricane is currently forecast to hit as a category 4.
UATG is a sub penny stock whereas the hurricane carries the potential for loss of life.
Lets get our priorities straight
LOL smart phones
stupid socks.
Personally I dont think smart socks will work
Great News and find. Litar found out that there are large bids for UATG.
This might be part of the large numbers of shorts covering. The large short position was also posted here by Litar
New board
Canadian gold stock which will be drilling gold property in Nevada. Home of the Elephant in the gold mining business.
Probably good for a double (currently .135 Canadian) Insiders bought at .15 so the price has been weak. I expect good drill results and then money to flow into shares and more drilling
Jump on now
Brand new board- Company has gold property in Montana. Shares are starting to move up to 7 cents from 4 cents.
Jump on now and catch the wave
it is
cross the T's
and
dot the i's
good points
1) need for audits-I agree that would be nice but not required for pink sheets so if they are done they probably would be SEC filers
IMO I dont fault Alex for this
2) filings-unaudited Having said no need for audits I do find fault for not filing anything. Something could have been filed. nothing needed to be disclosed on possible plans but something could have filed.
3) CEO- Yes he is the CEO, failing to perform does not make him a crook or a thief, maybe incompentent but something failure happens even with a good CEO. I am not in a position to judge his job performance and I doubt that anyone reading this board is either.
I do give him credit for trying and communication with shareholders however limited that might be. I am not going to judge him for how posters post their comments on what Alex supposedly told them. Again not judging the poster either. I have walked away from a telephone conversation with an interpretation only to find out my interpretation was not correct less than a week later
Reality check-UATG trades for less than one tenth of one penny
-no new shares are being issued.
-Alex still talks to people
-business is being worked on as evidenced by new
websites for socks
-UATG is not current and stop sign on OTC markets
So the glass is ?% full or ?% empty depending on your personal outlook on the above. Influenced by the risk element, your risk tolerance for those items both mentioned and unmentioned
Good investing to all
What a scam. stock is at .0003 and you think it will go up a 1/2 penny. Dump this. Billions of shares of shares
Lucky it still trades