Slow and steady wins the race
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I have Mr. Umbra on phone now. He said he is aware of the increase of authorized shares. It is not for dilution. They had to increase the a/s but he can not get into specifics but assured me it will make sense in the coming weeks.
As for the selling he said the company is not, has not and will not sell stock. Period. They have reconciled debt and that too is something that they needed to do but he can not get into why as of right now.
he is telling me that everything is moving forward and that the company will fulfill its commitment to us as previously promised.
I asked if this includes uplisting and he just said everything that we have targeted and disclosed is the same and nothing has changed.
fellars, be smart. You only lose or make money when you sell. We have lost nothing. I have a call in to the company to see if I can get ANY info. I am and have been holding. Its the smart thing to do
This is the second 3a10 the company has done and its been to settle debt thats been on the books for almost 3 years. They are not dumping to pocket cash.
CEO didnt take salary for first 3 1/2 years. Hes taken salary intermittently over the past 1 1/2 years but I have not seen anything over $50k for that time period. He used his own cash to start the company and then brought on friends and associates to fund the rest. I believe that the initial total was about $3M of which he put in 1/3 of that. They have raised approximately $5M-$6M since the beginning.
He has sold no shares and none of management is allowed to sell per company rules. I checked and there are no 8K filings showing selling by insiders or management.
This filing is a 3a10 and is settling debt owed. I dont think its anything underhanded
Ceo has sold no shares
Don’t panic with the rest of them. This was expected or at least should have been. Let them sell. The sooner we get rid of the shorters and flippers the better off we will be after merger.
If you go back and read all the shreholder and ceo letters they are all about the same length. Nothing special or different from this one. Been that way for years.
As for the last letter I have posted several times as to where I felt the indicator was but if you are looking for a section that says "here is our plan before we do it", you wont find it and for good reason I would think. lol.
The restructuring of ANY company is significant and ALWAYS telling. It is done for MANY reasons and most of them arent for bad intentions
This is what I sent you last Friday in response to the same concern:
"Recently we fundamentally restructured the capital structure of the company to reflect a company more in line with its peers on senior exchanges so we could consider additional opportunities. This is indicative of an aggressive strategic action plan we defined almost two years ago in an effort to course correct the company’s trajectory. This initiative has resulted in substantial progress in three key areas:
Up-listing- The execution of a comprehensive action plan designed to accelerate the company’s momentum towards an eventual up-listing to a senior exchange.
Market Oversight- We restructured and/or settled debt to better position the company’s corporate balance sheet ahead of independent audits in anticipation of future opportunities for expansion and institutional financing."
This section is very powerful and many overlooked it. He's basically telling anyone who is paying attention what he is going to do. It is obvious to me that they are matching another company cap structure because they intend to reverse merge or be bought. If he didnt adjust cap structure, and he didnt care about the shareholders he would leave cap structure the way it was, merge with a higher pps public company and convert everyone DOWN!
or.... simply do a rs like I have suggested many times. It may seem painful to do but you have to get the flippers out. I understand the point you are making and I am not trying to be rude or insulting but this is why I have been in favor of a rs. The way you think is the way many people in the pinks and in UATG think. Its all about flipping and not investing which I completely understand but you have to see why investors have to do more DD and why investors see things differently than most day traders. Thats not an insult its just the way things are and its why UATG is going to have one heck of a time climbing up without a very big and creative move. The ceo is smart and wont quit but he better have the plan I think he has if they are EVER getting to NYSE or NASDAQ.
Its just an estimated guess based on the disclosed debt in the filings but I would think that since the a/s were increased and they were in the middle of reconciling debt that we will see an increase in o/s to around 500-600M at current prices. To me that makes sense if they are looking to merge with a conversion to a higher pps company. We really cant figure out a range until we know what company they are merging with. Anyone want to volunteer to call the company and ask them who the company is and what the deal structure is? lol
Its obvious that internal activities are picking up pretty quick. Something is definitely going on. IMO we are going to here something pretty soon and then things will probably move very quickly. The good news is that those who think this company is a winner or a loser will be proven to be correct either way very soon!
Normally I would agree with your thinking because most pinks are full of it. UATG has done everything they said they would, never took the easy way out of the mess they were thrown in and has some very solid people in charge. We haven’t always understood why they were doing what they were doing or agreed with it at the time but in the end they were doing the right thing and actually moved the company forward. I remember when the stock was barely trading a few hundred shares and some days zero shares with no products selling. Now they are actually looking like a real company. That said, I am always skeptical just as a rule so I keep my thinking on all the angles.
I suspect we are going to see an increase to os which would make sense and would be smart before a merger for liquidity and debt reasons but it is possible it could be all for dilution and cashing in. I just don’t think so. IMO they are going to slowly pay down remaining debt which will increase os and then we will be hit with an announcement of a merger of some sort with a public company trading at a couple bucks probably. This will trigger a conversion, restructure the company in some way so that it is then able to file with NYSE. There are a lot of variables, it may be a bit painful but I think it’s possible and will be good for a long term legitimate company trading on the big boards. Then those of us who have been around since the beginning will have a shot at making our money back and maybe a little profit.
Someone is selling into the market and doing so very carefully. This smells like an experienced brokerage firm to me. They must be consolidating the remaining debt. If so it is in line with what I have suspected for a while. Some type of M&A deal is imminent. I just don’t see any other option. To uplist the pps has to be higher. Without a rs a merger of some sort is the only way. Even with a huge contract and earnings the pps is not going to spike to 0.25 this quarter organically and I think if he intends to go QX and then NYSE he will need to be QX over the next few weeks. It will take 6-12 months to go NYSE and to do it this year will take a lot. I could be wrong and maybe they have it all worked out but this is a big goal and you need a way to jump forward to get ahead. A merger or acquisition is the only way. It’s been done before with larger companies (not often) but this is a small pink. If I had to guess, only a hand full of OTC companies have probably ever tried it and even fewer succeeded. This is an aggressive and risky move that requires a lot of planning. To me, it sounds exactly like something this ceo would do. IMO.
Guys like him, don’t quite and only see a win. Hopefully he’s correct. I know he really wants out of pinks and wants healthier trading for the company that can’t be easily manipulated. He is defiantly motivated and determined. We will see what the next few weeks bring. My guess is an announcement is coming within a week or two and it will be about the cap structure in some way or a merger. They have been slowly prepping us for something coming. I don’t think they are just going to drop a merger in us outright but who knows.
I agree. I think NYSE is where he really wants to go but either way we will be in great shape if he really pulls this off. It will be an impressive move if he does. Not many pinks uplist
They increased a/s to match a company they plan to merge with in my opinion. Thats how they are going to uplist. Thats the only way. After that I would bet they restructure with a smaller a/s to go NASDAQ
Discovered? I am not sure. Increase was done last week apparently but I did not notice until it was mentioned here. I was out of the country at one of my ranches. I would think it was known because the folks on this board are pretty sharp and on top of things. We help each other out a lot here which is nice and makes it a little easier to stay on top of things. A lot of investors here have been in for a while and know a lot about the company. Many have even spoken with CEO and senior management.
Why would there be run after a/s was increased if everyone believed that dilution was coming and that the company was a scam? That doesnt really make sense. What does make sense is that someone knows something which is why we are up 50% for the week. What we all should be looking at is why dont we know what they know and what exactly dont we know? IMO
While he was not specific, he DID in fact tell ALL shareholders through the letter he sent to everyone and, made public that the company DID recently restructure the company:
"Recently we fundamentally restructured the capital structure of the company to reflect a company more in line with its peers on senior exchanges so we could consider additional opportunities. This is indicative of an aggressive strategic action plan we defined almost two years ago in an effort to course correct the company’s trajectory. This initiative has resulted in substantial progress in three key areas:
Up-listing- The execution of a comprehensive action plan designed to accelerate the company’s momentum towards an eventual up-listing to a senior exchange.
Market Oversight- We restructured and/or settled debt to better position the company’s corporate balance sheet ahead of independent audits in anticipation of future opportunities for expansion and institutional financing."
This section is very powerful and many overlooked it. He's basically telling anyone who is paying attention what he is going to do. It is obvious to me that they are matching another company cap structure because they intend to reverse merge or be bought. If he didnt, and he didnt care about the shareholders he would leave cap structure the way it was, merge with a higher pps public company and convert everyone DOWN!
or.... simply do a rs like I have suggested many times. It may seem painful to do but you have to get the flippers out. I understand the point you are making and I am not trying to be rude or insulting but this is why I have been in favor of a rs. The way you think is the way many people in the pinks and in UATG think. Its all about flipping and not investing which I completely understand but you have to see why investors have to do more DD and why investors see things differently than most day traders. Thats not an insult its just the way things are and its why UATG is going to have one heck of a time climbing up without a very big and creative move. The ceo is smart and wont quit but he better have the plan I think he has if they are EVER getting to NYSE or NASDAQ.
In the past 3 years only 200 companies, out of 10,000 securities have uplisted to NYSE/NASDAQ! Thats less than 2.5%!!! Not great odds and there is a reason for that.
While I understand your point, the company is not required to make a public statement on cap structure changes either before or after its done. OTC does not require it in the pinks or from non-sec filers.
I wouldnt worry about it too much even if the outstanding is increases it wont be for long IMO. I suspect an M&A announcement is coming. Too many signs point to that being the way they are uplisting. Hopefully its soon and hopefully I am right
No and of course he would not disclose that before it was public but he did reference, I believe in his last shareholder letter, that they would be making more adjustments.
Also, there are many reasons to increase a/s count and many of those reasons do not imply bad intentions or scam although I do understand your perspective.
I posted that in September of last year and the CEO as well as others have referenced the value of their assets many times including in his letter a few weeks ago
UATG IP valued at $35,493,200! Guys please pay attention when reading financials that have been prepared according to standard GAP accounting practices. If you look at their financials from 2 years ago and compare them to now, it is obvious that they hired a CFO who was also a CPA to come on board at that time. They obviously have been planning this uplist and these audits for at least 2 years! The IP is valued at over $35M because thats what they paid for the technology at the time. An adjustment is made because they paid mostly with equity as per previous filings. The rest was paid in cash. If you issue stock as an equity payment there is a deprecation applied because of the equity reduction. They wouldnt pay more for IP than it was worth obviously and consider appreciation after it is applied into product and funds in which indicates they have been able to raise millions. Almost $5M according this financial statement. Clearly thats how they have funded most of their research. Initially this company was started with about $5 million which would mean that they have managed to put an estimated $9.8 million into this company and its research. Thats why their products are so advanced and why this is one more reason this company is so undervalued. Research takes time and good quality products take even longer.
UATG has $35M in assets!!!! Youre reading it wrong
Apparently the a/s was changed last week. They are obviously restructuring their cap structure to be more in line with other companies. I dont want to pat myself on the back but I did say that they needed to increase their a/s to a between 800M to 1B a few weeks back. A few here thought I was crazy. To me this is the sign we have been waiting on. M&A is coming soon. Their year end might share some light. I am calling them now to find out when its coming
lol. OTC traders. gotta love them! These guys would screw up AAPL and AMZN if they could afford the stock! This is why I have suggested a rs but everyone jumped on me and thought I was crazy or that it would be a bad idea (for who? not actual investors). The only other way is M&A which is why I think the ceo is so confident that a rs is not necessary and why he refuses to do one. I sure hope we merge soon and uplist so the flippers can take their tiny profits and we can be done with them. Time to move this company forward and on to the big boards where it belongs so the real money can be made.
Not that I recall. I only know of the companies in press releases and some mentioned in articles that included UATG when discussing defense contractors.
I wonder if one of the “strategic partners” that are private will be going public? I have not seen an IPO filing on any of the known partners such as NextCast or BoostLocal.
He runs a tight ship and we only find out what they wants us to which is the way it’s suppose to be I guess but it’s frustrating.
I did not notice the increase in A/S but this is what I have been waiting for. We need to start looking for public companies that UATG has a relationship with or has been mentioned in or with in a press release that has the same share structure. Private companies as well if we can find it. This will start pointing is in the right direction of who they are merging with. IMO. The timing is a give away. They waited for after the new year and still did in January. Something is happening soon. I’m now thinking it’s going to happen this quarter.
We will probably learn more when they release their year end in the coming weeks. They are obviously holding it back until last minute for a reason. Something is in there that they don’t want us to know yet.
I am seeing cross trades again and its being walked up by someone who knows what they are doing and with the resources to control the bounce. MM's are my guess and they would only do this is they knew something was going to change the price much higher. If they didnt they would keep it down and in a tighter spread. Notice the times of the trades and the half effort attempt to hide their pre-set. I am surprised we havnt seen more t-trades. Maybe because we are going up instead of down and they are using or trying to create momentum. If we see a significant jump between trades that skips a thousandth or so then that will all but confirm who it is. If I am correct this means they have been sitting on large blocks for a while
Looks like Canaccord is intentionally trying to pull us down. They must have significant short positions. Maybe they should have stayed on their toes instead of trying to pull us down. Thats the problem with OTC, MMs get away with murder every day
I am envious of you being positive at all. I am still in the hole but have reduced my cost basis significantly. Yesterday helped when I bought more which helps. When we merge and uplist, I will be very happy and out of a very big hole.
It does look that way. They should be announcing something soon
Its cyclic and time of yr is helping along with industry benefiting from Tariff. More and more folks are becoming very bullish on solar again. We had a lull for about a year, generally speaking< but we are heading in a more positive direction again. SUNW is going to head back up over the next few months. Hopefully that will carry us to summer months where we should do even better
what service do you use? Your screen looks different than mine
Not a doubter just cautious. CEO is obviously very smart and has gained a lot of experience so I dont doubt that he has a plan and knows what hes doing. I just think his goals are ambitious and he cant control all the variables. I expected a morning dip so lets see how things go after east coast lunch time. My guess is we are heading towards a normalizing of pps of 0.005 to 0.006. Even with todays dip we are still up 20% daily for the whole week which is very impressive and a step in the right direction. If we finish this week at 0.006 we would have seen a 100% in pps!!! I am not complaining.
I dont see us breaking a penny this week. Although I will admit that yesterday I said I didnt see us going above 0.0058 so what the heck do I know.
I think we might be able to get a little deeper into the 7's today but the closer we get to a penny the slower things will go. Average gains of 20% daily can not be sustained for many reasons but in the pinks the biggest obstacle is always the flippers. Its just too tempting for them to sell now and by when it drops because of the amount of shares they have and let go into the market when they sell. Just the way it is. If the people that bought UATG actually looked into the company they would become investors and realize that holding is going to pay off big!
I agree with Tyaz's philosophy...slow and steady would have been better heading into a merger
Wow! We have been opening like a NYSE company. Trading at the bell with selling be met with much more buying, relatively speaking.
I suspect the company is getting ready to do its M&A transaction. Of course this is my opinion. An M&A transaction is the only way I see the pps increasing without doing a r/s which we all know by now the CEO refuses to do. The timing of the cap structure tweaking (I still the company needs more adjustments in this area) towards the end of the year compounded by the amount they have obviously invested in marketing and product deliver seems to me to point to a very aggressive CEO that is determined to meet his goals. If you think about it, the fact that he was able to regroup and still meet his 5 year goal after the internal issues they had to deal with is fairly impressive.
I dont like making predictions but to m it seems obvious that we are going to start seeing more obvious signs of a merger over the next few weeks. They have done a good job hiding it from the public but at some point there will be signs they can not control. I am looking for filings with UATG mentioned in it and news from other companies mentioning UATG. I have noticed that UATG was mentioned and interviewed with major defense contractors and several lesser known contractors in Colorado. Only a few of them are publicly traded on the big boards. My hunch is it is one of them but its a total guess because the CEO runs a tight ship and no one is talking at the company.
Someone knows something though because the price and volume are not moving for no reason. The MMS will know before we do because of filings that need to be made with them and the transfer agent so it might be them doing all this.
A lot of cross trades today. MM walking it up. They know something that we dont. I suspect the merger is coming sooner than we thought and that they are actually going to try to uplist this year. That would be incredible.
No volume? These are record highs for January
Someone either found out something or thinks they did. 20%+ a day 3 days in a row with volume not typical of this time of year!? I wish they would share what they know.
You can call the office and ask for him. If he is unavailable (likely) you will get his assistant. He ALWAYS calls back and usually within a day in my experience. The office number is (888)926-4682.
If he is not taking calls they most likely will transfer you to investor relations. They are pretty good as well
They have been planning this for a while. The CEO has stated he has had a plan he is executing on for 2 years now. He has said as much but at least we are seeing more evidence of a plan which is comforting considering the history. I believe the CEO when he says he got rid of all the bad characters and intends to get this company on the NYSE/NASDAQ. I am just skeptical about him being able to do it this year. Its a big goal to say the least. A merger with a newly formed company can only be a piece of the plan because it does nothing to address the pps requirements.
They have to merge with an existing public company with a share price above $2.00 or a private company that is in the process of going public with a share price above $3.00. In reality they need to target companies above $5 IMO because after a merger many short sighted flippers will dump which will lower the PPS. They need a buffer so that when price drops they are still above minimums
We need to look for a company that they have existing ties to that fits those descriptions. If anyone finds it please let me know because I have been looking for months and can not find anything. If we find it we can figure out to some degree where we are headed and when.
I will say that if this CEO pulls this off, he will literally take this company to a couple hundred million dollar market cap almost overnight!
Wow! big day today. I didnt have a chance to check on any of my stocks until now. Looks like we could see 0.0058 to 0.0059 by close of tomorrow