Disclaimer: All of my posts/comments represent only my personal opinion and should not be interpreted as professional advice under any circumstances
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You are in all probability right on the nose with this however if we merge he might not waste the money on filings although he probably already has the audits done. JMO
Yes, that is a possibility but why would they do that? It would be far less complicated and quite frankly WAY less expensive to just do a RS on UATG and start over with the new company. Why go through all this effort and expense. Seems to me that all this cloak and dagger stuff to keep it quite, not a doing a RS on UATG and signaling through the letter just released (consistent with all previous pr about uplisting) really points to wanting to keep their shareholders. Also, keeping us helps with minimum shareholder requirements and market liquidity for uplisting.
I have to disagree with you on this one. I dont really think they are going to crush us. I see us making money on this. JMO of course
Not sure how you came to that conclusion? We dont even know how the merger will work. There have been no announcements and we dont know what the prices will be for the exchange or acquisition depending on what they are going to do. Way too many variables to even come close to estimating.
I have to believe this is going to be good in a way that will show a fair ROI
Wont matter once we are moved over. Could be done a few ways, share exchange, merger of sub etc
My guess is that we will be moved over to new company as shareholders through merger process. UATG wont really matter anymore at that point. UATG is a way to get into the merger right now. JMO
Looks like these guys are going to be Directors and/or on the Board because that is a requirement to be an SEC filer-they need two independent Directors. The next step should be the lifting of the STOP sign or going to YIELD and then it being lifted. OTC is a bit strange and I am not yet completely clear on their review process.
My guess is that the future "acquisitions" that were referenced in the CEO,s letter will start being announced shortly after they are done with the admin stuff. A few weeks maybe?
Its happening
Its my understanding that Shopify stores interface with corporate sites and their inventory software. Also the interface site is corporate and Shopify operates "behind" it. I can call and check. Maybe they had trouble with "editing". Who knows. Either way I dont think its good to have ANY company website down for extended periods. JMO
Today is my Monday and there is not enough coffee in this office to carry me through the day. Coming from warm temp in Orlando back to the city where its freezing does nothing for wanting to get you out of bed.
I didnt notice it was down at all. They must be updating their back end or tweaking it. Our company site was down in November for so called improvements and when it came back up there was nothing new. They told us it was "back-end" work. It was just down again last week for same reason plus some so called tweaks. I think most IT guys do things and dont always know what is going to happen or what kind of domino effect upgrades will have.
Had t go out of town. I dont think site is down. It was up yesterday wasnt it?
I have discussed that with him on more than one occasion. He was not a fan but he agreed to do it so he did
CEO really does not like RS and has said to many people many times that he thinks the RS is vastly over used and misused. He has also said that he does not see a reason that he should do one. A few of us asked him to do one a few years ago just to get things restructured and to get it back in shape. Rip the band aid off and get it over with. He has refused - for years. RS is not happening.
Instead in that time period he finally delivered a product to market and for the first time in the companys history it posted revenues. Then it went dark and now we have activity just over a year later that is being done quietly. They clearly had a plan and have been working towards it behind the scenes intentionally trying to keep it quiet. Companies dont do that unless they are working on something significant. ESPECIALLY ON OTC! MOST OTC COMPANIES WOULD HAVE BEEN BRAGGING AND PUTTING NEWS OUT CONSTANTLY JUST TO MOVE SHARE PRICE.
CEO has said he wants to uplist and I really believe thats what he intends to do. Uplist is what hes been working towards which is why it has taken so long. I also think that is why he has not seemed worried and taken criticism from us in stride. He knew what was happening and we didnt. He didnt take it personally because he knew what the end result would be. To me this is all starting to prove what I suspected all along. Time will tell but the pace does seem to be picking up here so I suspect we dont have much longer to wait before we see something else.
I dont think he really even wanted to put out that letter and even if he did he couldnt possibly foresee where the price would go. When I spoke to him last, he didnt seem happy about the volume going through the roof. JMO
I think he put letter out because he had to due to some regulatory requirement. My guess is that the next thing we are going to see is the launch of products and one or both companies going current with disclosures. If that happens then we are all but guaranteed that a merger is happening. Thats when we will start to see what it will look like and if they are bringing outside funding (and clues to how much) in for "expansion" and other subsidiaries. They have hinted at new office building and other subsidiaries so capital funding will almost certainly have to be a part of that. Thats if they dont already have it and dont want anyone to know yet, hence no filings and stop sign.
Just let me konw when and where. I could use a vacation!
If we trade just 1% of the volume that UATG is doing right now and what it typically averages when its current and releasing news; we will be headed in the right direction. 30 day average when it was current ranged from 8-14M shares daily. We do 80,000 shares/day at $4 and we will be doing $320k daily in trades. to be honest I would be happy if we traded that a month
This volume is very encouraging. It is reminiscent of a year or so ago when the company put news out regularly. It shows that there are many eyes on this ticker and once news starts flowing the market liquidity and price will increase. A lot of interest in this company. Thats good for us longs looking for a nice ROI
http://umbraappliedtechnologies.com/arms/
They havnt released them yet due to legal issues and the company being concerned that someone might use one of their rifles in a school shooting or something like that. They decided to wait to release and only release to military and police when they do
I just noticed something in the pictures above. The picture that has the crutch in it has a pair of yoga pants resting on top of the crutch. I thought those werent done yet?
I apologize if everyone noticed this already and has already discussed it but this is actual news to me.
$400M is a bit much to say the least but then again we dont know what the CEO has bought behind the scenes. He seems very adept at leveraging and negotiations based on how many companies he has bought in the past with little to no money. That was when they had nothing. Now they have more history, experience and more revenue. That said, if this guy acquires enough assets and revenue to justify a $400M market cap even with an industry multiplier I will kiss him! On the mouth!
In all seriousness, He can do it with cap structure alone provided he has at least $40-50M in gross revs total. This sounds like a lot (and it is) but it is very doable with just a few strategic acquisitions and 7-9 times multiplier depending on industry (combined with the right cap structure). I have seen very small companies with only one revenue stream pull off similar feats. Not particularly common but not impossible. A few years ago I was involved in an acquisition of a small private company. they sold nutritional supplements from their home and retailed exclusively on Amazon. They had almost $4M in sales (after only 22 months from start-up). Their growth chart and projections were through the roof. This couple with the help of 2 employees that helped with labeling, web site, customer service and shipping; sold their company for just under $20M.
I still cant believe it to this day. They didnt even have an office! The last letter hinted at subsidiaries which in my mind is telegraphing their intentions to buy multiple companies. It was hinted at before in last years letter as well.We will see
There has not been ANY dilution to this stock in 23 months. In fact the O/S has decreased significantly which happens only a few ways, buybacks, shares turned into treasury etc. Both have been done. CEO turned in a large block in certificate form as confirmed by transfer agent. CEO has also never sold shares which is confirmed by the fact that the company never filed a 8k or 10k in order to do so and in order for broker agent compliance to clear the shares for sale. Company can not issue and "sell" shares under any circumstance especially without clearing the legend restriction on a pink-12 months. Rule 144; look it up.
I have no issue with some conspiracy theory that the company issued shares to the CEO's best friend and he sold them and then illegally funneled the money back to his bestie. At least that is actually mechanically possible no matter how ridiculous and unlikely it might be but if you are going to make things up at least demonstrate that you understand enough about how securities are structured and the subsequent sale of said securities is actually done so that it could actually be possible.
FYI: the company has an actual product and proof of other products that they have worked on and have said is coming. They have actual revenue as well.
Yes the company has over promised and under delivered but that is entirely different than what is being spread around. Stick to facts and we have no issues even if they are negative. Then at least I can actually agree with you.
Need to stop using the word "actual: today. Hopefully it emphasized my point. lol
Just the one print from today. It will change once they actually start trading it.
lol. You and I both
I dont like being negative but this company and pps are in real trouble. I have said it many times about this management team-they really are not experienced enough to be running a public company. Maybe not any type of company but we will see
Sorry guys I didnt mean to leave you hanging.
I spoke with Mr. Umbra and he was not aware of the incident. He read through it while I was on the phone and he does not know who any of those people are. He also didnt think it was anything that theyu need to be concerned about but decided to confirm. While I was on the phone he called one of their attorneys and it seems they all agree that this is not an issue for them to be too worried about. He said that the will be looking into it just to make sure that its nothing. I asked if he thought the old management could be involved and he said that those names dont ring a bell and that he will be looking into it regardless just to make sure. I asked a few questions about the old management and he said he could not discuss anything in reference to that issue which sort of tells me that their must have been some agreement or that the old guys were already dealt with legally. Just speculating.
I told him that I appreciated his letter and that I found it very insightful. I tried asking some clarifying questions about the letter and he would not budge on giving me any more info than was in the letter/press release. I told him that while the letter was great it did seem to be much shorter than his typical letters and that it almost seemed that he didnt want to write it especially considering the timing of the release on a Thursday at 11:00 before everyone goes to lunch. He chuckled and said that he really wouldnt be comfortable commenting on that. That was VERY interesting to me because he could have just told me that I was wrong and that he wanted it out for everyone to red.
We asked about UCIX and he again told me that he could not discuss that at this time. I asked if was leaving UAT and he again told me that under no circumstances was he leaving the company or abandoning any single shareholder. He was very pronounced and clear on this point. He said he understood why some might think that but he said "that there is no way on Gods green earth that he was leaving UAT, ever. My children are being groomed to come into the company and work with which I am very much looking forward to". This is not the first time he has said this to me and I know a few others that he has mentioned his children working with him when they are old enough.
I asked if he got a lot of calls or emails on the press release and he sad yes and that he was in the process of replying to most of them. He said they have a lot going on and his response time to emails is definitely "taking a hit" as he put it. I told him I bet he is very busy if hes up to what I think hes up to. He laughed.
We discussed a few business things as well as some current event issues and it ended cordially as usual. The guy is one of the friendliest CEO's I have ever dealt with and I have NEVER had a CEO take my call (or return my call) after hours or n a weekend. Its really difficult to not like the guy. lol
on phone with CEO now. He was unaware of this and is reading it with me on the phone.
This is a compliant filed by SEC that specifically charges several people all unrelated to the company for setting up cross trades and taking commissions without being licensed. They are asking court to order the defendants to pay back the money and essentially be banned from securities. It does not claim any damages to any victims per say but really for operating unlicensed and manipulation although that seem like less of their focus. Either way these guys are scumbags and have nothing to do with the company. None of the tickers they used to play their games were defined as co-conspirators if you will and no companies were referenced as being involved. These guys essentially picked companies and used the ticker without knowledge of the companies themselves. It would not surprise me if some of the guys the company fired years ago were part of this in some way but who knows. This is why I was so reluctant to go into otc trading. Just ridiculous.
I am reading this one now. As far as I can tell this is just a bunch of crooks using unrelated tickers and they dont have any affiliation to any of the companies. I will read it through and send it to legal on Tuesday just to see what we can find out. I also have a call into the CEO to see if hes aware of it.
I just read the complaint you referenced and UAT Group nor any of its employees or even anyone associated with them was referenced in the complaint. Your claims are wholly inaccurate.
For those who would like to read the press release and complaint so that they can perform their own DD.....
Press release:
[url][/url][tag]https://www.sec.gov/litigation/litreleases/2020/lr24718.htm[/tag]
Full complaint:
[url][/url][tag]https://www.sec.gov/litigation/complaints/2020/comp24718.pdf[/tag]
I agree. This ticker was prepped for a takeover and then merger. I believe UATG shares will be converted over via some metric we dont know of yet (I would expect some type of announcement on this shortly after they announce merger which has to be within 4-6 weeks maybe) but it only benefits the company to bring us with them to help meet regulatory requirements to uplist which this company has obviously been prepped for in conjunction with some of the changes that have been made to UATG structure over the past 36 months. They have been planning this for at least 3-4 years IMO. Very methodical and disciplined. It is impressive that they have kept it quiet this long. Probably helps that most of the guys working there are military and intelligence people.
Not exactly. Read it carefully. Look at how many times he alludes to restructure, realign etc and his reference to partnerships and subsidiaries (plural). Theres a lot more to this one. I also think its very telling that this is the shortest letter hes ever put out. Almost as if he doesnt want to say too much or as if he really didnt want to put it out at all but had to for some reason. Maybe compliance or regulatory driven? They also released it around 11:00 a.m. on a Thursday! No one does that unless its meant to be as un-noticed as possible. Most press releases go out at beginning of the week and at or just before the bell like they usually do (to have the most impact on trading). These guys wait until end of the week late morning? They have never done that before.
I really do think something is happening here and they are doing the minimum to meet requirements so that it is kept as quiet as possible until the last minute. We have to be getting close. A lot of changes being made VERY subtly.
Todays press release is very telling:
[url][/url][tag]https://m.marketscreener.com/UMBRA-APPLIED-TECHNOLOGIE-15474218/news/UAT-Group-Subsidiary-Realigns-Operations-to-Support-Planned-Growth-29848669/[/tag]
Very Interesting. One of his shortest letters but choc full of clues as to what is going on. Very methodically written as usual.
thats an old video
They are obviously making changes to management which would have to be disclosed per regs. Thats probably the only reason they would do that. As for having the description changed I am not sure other than it must have to do with whatever they submitted to regulators on the description of the company. The mistake on the word company being added twice is probably just that-a mistake
Maybe. Just think they would want to keep that under wraps as well. Maybe I am just over analyzing.
Dont you think its odd that they would make any of this info available when they are obviously and very intentionally not putting out news? You think its a mistake or oversight? I have to think that they would know we would see OTC updates.
I mean I get what they are doing, the employee count is down because they in all probability moved employees off payroll and on to payroll at new company in preparation for merger. Buy back done to reduce capital exchange upon conversion. New company being prepped for an uplist, etc. All pretty standard and straight forward. The thing I dont get is why is a company that has put SOOOOO much effort into keeping things under wraps letting little things slip through the cracks pre-maturely? Its not like they have 500 employees and communications between internal groups is difficult. I get that some things they cant control like OTC, FINRA and SEC going "live" with new company or some nut job putting up a rogue website but this stuff could have been controlled. At least I believe it could have. I will ask around to confirm. Whats your take? Is it intentional or are they just making that many mistakes? Or both?
I didnt respond immediately because I went to lunch and then had a series of meetings like I posted on other board.
Additionally, I was simply responding to your previous post in which you said "At this point even if Umbra does release a boxer or a clearview at some point he would still be a criminal con artist."
Soooo I responded "So if he doesnt deliver hes a conman and if he does deliver hes a conman?"
So No, I dont need you to repeat anything. Its really not that difficult to follow.
Of course I asked "What EXACTLY would YOU do or like him to do that would NOT make him a conman?" and you didnt answer. To be honest I really dont care what the answer is. Way too busy to argue.
I have done my DD and you have done yours. We dont have to agree. Its going to do what its going to do. Im either going to make a lot of money or lose a little. I believe I originally had acquisition cost of around 0.0021 and now my cost basis is a fraction of that. I dont have more than $30k out total on this ticker so its not the end of the world but if they do some type of M&A deal and the stock sees a 0.002 to 0.005 exchange then I see a nice ROI. Pretty big upside for relatively little money. I happened to think the company is headed in the right direction and thats what i am betting on. Again, we dont have to agree. Best of luck to you.
Sorry I was at lunch. Not accurate by the way. The President and the other CEO were removed in 2014 and 15. The dilution came from those guys initially and it snow-balled. Not say dilution didnt happen under the current CEO but he was dealing with a lot of issues caused by previous guys which is why he got rid of them. My DD is VERY accurate I can assure you. You can disagree with my opinions but there is very little that I do not know about this company and its management at this point. We have spent a lot of time and money on the DD.
Have to run to meeting. Check back in a few hours
So if he doesnt deliver hes a conman and if he does deliver hes a conman? Hmmmm tell me again how dont just hate the guy. Come on!
What EXACTLY would YOU do or like him to do that would NOT make him a conman?
What do you think any other company would do if they were dealing with the same issue? Yo think they would ignore it? No chance. He's doing what every other CEO would do and I doubt hes the one handling it. Thats what lawyers do.