Slow and steady wins the race
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A 3a10 is in fact a way to pay debt however you are incorrect when you say that you can not use it for acquisition. It strikes me as odd that you would take a hard line position on this. When you buy a company is that not a debt? In fact, this is and has been done on higher trading companies when they are creating security for consideration through traditional investment/lending firms. Many acquisition contracts have a schedule of consideration to be paid over a period of time which is exactly where a 3a10 can be used.
The SEC is not going to itemize all the circumstances in which you could potentially use this mechanism because just like any other law/regulation it is intentionally left up to interpretation so that it may be used legally in circumstances that may not have been foreseen. Reading a definition on google can not be the end all of ones DD.
Regardless, the circumstances in which UATG used this were in fact not for acquisition as clearly outlined in the court documents. UATG used this to clear debt. That is the interesting part because it raises the question why are they clearing all their debt out and not raising the authorized at the end of the year? Its not for cash raise obviously. IMO they are clearing to be unencumbered for an acquisition or merger most likely next year.
One last thing, once again false conclusions, statements or assumptions are made when those who are not thorough state that the company was sued. That is not correct. It was a mutual agreement to settle debt hence the 3a10
I have been very critical and this CEO is well aware of my displeasure over the years but when you see results best not to ignore them. This investment has gone much longer than I ever intended and would have liked but creating conspiracies and screaming the sky is falling with NO evidence is just irresponsible. You are either doing it intentionally or have no business investing your hard earned money my friend.
I am not friends with the CEO but I would like to think we are on friendly terms despite some of my comments to him. That doesnt mean I am trying to "pump" anything and in fact many on this board have gotten upset with me when I have suggested that this CEO hurry up and do what is best and fastest to get us whole.
I dont see this CEO selling and giving up control. Look at the share structure; hes in control and it was obviously intentional. When I have spoken with him in the past he did mention companies in the beginning that were interested in buying the company/technology but they were foreign government associated or sponsored and were interested in the advanced weapons technology I believe. He told me then that the company would never be sold and that his children were being groomed to take over. I think one of his kids goes to an ivey league college and his other children are all in gifted or advanced classes. He is a very serious family man and academics is high priority in his family im a thinking.
The cap structure, wiping of debt, recent news and the audits support the uplist theory well but there is still something more IMO. This CEO started green but has caught on fast. I am waiting but maybe buying some more wouldnt be such a bad idea. I will send email inquiring about private placement and let everyone know.
This CEO and his management team are operating at a higher level than typical pink sheet companies which only reinforces what they have been saying all along. They are actually going to uplist out of OTC and operate as a big board company. The question still remains how do they get to $5/share. A merger would have to be with a company that is already public and trading at more than $5/share. Most likely already on the NYSE trading above $10. How does he pull that off and why would a company on the big board, trading at that level merge and give up control because I seriously doubt this CEO would give up control of this technology?
We obviously, or at least I, have seriously underestimated this company and its CEO!
Lets put our heads together on that, come up with some options and figure how all of us can make money on it. Please stop wasting time on the sky is falling because that is why we missed this move from the beginning!
I think thats why hes launching one division at a time. Right now they are doing Biotech and according to their press releases that are doing biotech through 2018. It will be some time before we see a product from one of the other divisions IMO. Where would they get the money for that?
Selling off technology would be a brilliant move IMO. It would thin the "roster" and get cash into the company. Maybe thats pat of the plan. We will see
I suspect that the 600M OS type"o" we saw was a prelude of what their intentions are. If they actually increase the authorized by only 200M shares this quarter then we are in all likelihood looking at a merger or acquisition soon. Any company that would go through the trouble to file an increase in authorized and only do 200M is doing it for a specific reason and selling stock for cash aint it.
Maybe they are acquiring Nextcast or another medical company? A paint company or company that makes touch surface products? I am rereading all the press releases because they must have signaled what direction they are going in somewhere. They have brought up contracts with retailers and military several times so that might be something they are preparing to announce soon but that would not account for the increase in shares (if they do it) or their 3a10 filing.
I will say that the longer they leave the authorized maxed the better for us. nothing helps share price more than increased demand with limited supply available. if they announce a large contract and dont increase the authorized this stock could really sore. Come to think of it, that just might be what they had planned all along. That would be pretty clever and we should have seen this. This might be the beginning of that so called "strategy" the CEO kept mentioning. If so we should start seeing things pick up here in the way of news releases and PPS.
L2 shows over 1.1M on the bid at 0.0026 out of Etrade!? Why would anyone think someone would sell at that and why would the even want to put that up?
We need a few folks asking 0.003 and up!
Thats a question for the TA and/or IR. The private auditing firm the company retained by the company is not going to answer any questions any of us have. Your accountant cant even respond or submit filings to the IRS without your permission never mind a firm hired by a company answering questions from strangers. Legally it would be a liability but more to the point. They dont do the filings the companys bookkeepers and CFO do.
The auditing firm probably has no idea what the company recently filed. At best the company has been handing them financials from years ago as they themselves complete auditing the old disclosures.
My advice, would be to call IR and if that doesnt work, call the company and speak with the CFO (he probably will refer you to IR and wont answer ANY questions if hes smart) or the CEO who seems more inclined to have a relationship with shareholders than most CEO's.
Before you do that however you may want to read my post from early this morning because the financials have been updated as of last night I believe.
I agree. We will need some real news from the company to support PPS increase.
NOTE:Financials have been corrected (third time) and it is interesting to note that they continue to restate disclosures going back to 2012 thru 2016. They must be getting close to finishing their internal audits. If we get news that their audits are finished by the end of this month we could potentially see an immediate hand off to third party auditing firm with an S-1 filed by Q1 of next year. Unless of course they are waiting on the year end numbers. That along with revenues from product sales could actually be something.
Lets see if they announce any mergers here over the next few weeks. I have a suspicion that the companys recent activity points in that direction although they may be waiting until S-1 is approved. If thats the case then we have quite some time before that is announced. Maybe a year? What do you think Tyaz?
Why call an accounting firm that was hired to do the audits for the S-1 AFTER UATG finished auditing the past five year financials? Of course they cant tell you anything because they arent doing the disclosures! lol. They only come in after they announce the internal audits are completed which they are obviously still doing. Not to mention a little thing called inside trading information regulation. If they are correcting mistakes can they tell you before the corrections are made public?
UATG has stated for sometime now that they are auditing the company internally and then having the auditing firm they retained for the S-1 come in and verify the finance. That is why this Q contains info from previous years as a restatement
This is not related to UAT's HYGIEIA. THis company is obviously trying to copy UAT's research. This company calls it technology "Elite 3 Hygieia". My guess is that UAT filed the trademark on HYGIEIA before they did and they cant use the Hygieia name by itself
UATG DOES have $35M in assets and that hasnt changed for years! When reading reading financials it helps to understand standard GAP accounting principles as those used on page 23 of the Q's. Mathematically they are correct and calling for someone to be terminated for mistakes that no one made is further ignorant than the original claim.
Very sloppy DD and research on this page.
Litar, I agree that $5/share is very generous but I dont see how they uplist without it and everything they are doing backs up their claims to uplisting
Looks like socks are shipping! I just received a confirmation e-mail and tracking number for the socks I bought for myself and two other orders I sent to friends.
Wow!? I am not joking and I read the document thoroughly. I already acknowledged the discrepancy and am not referring to the document as a whole. I am very well aware of the Court order as it clearly states it. If it is a court ordered debt settlement with a reserve held than it is OBVIOUSLY a 3a10 which is a frequently used tool for ACQUISITIONS as well as a tool to clear debt from the books (yet another sign of preparation to merge or be acquired).
Before you shake your head and speak condescendingly at folks perhaps do some homework because you just look silly when you knee jerk react to a statement. Making this report a negative issue is suspicious to me. The goal is to see what the company is doing and where they are headed not assume out of ignorance that the sky is falling. This disclosure tells us a lot and it is mostly positive IMO. At least if you are an actual investor for the long haul. It is very clear to me that this company has a very specific goal in mind and is executing. In addition, this type of maneuvering indicates a level of sophistication that is not typical of penny stocks. They have obviously gotten their act together and are finally the professionals we have wanted at the wheel. Its just a damn shame it took 5 years!
While I have become accustom to a few being very inexperienced I am constantly put off by the arrogance in which folks here speak to one another. Especially when you consider many a speak from ignorance but insist they have it all figured out. Everyday i sit and read negative nonconstructive posts. Imagine if we actually put our heads together and worked together? A dream of an old man I guess.
The only discrepancy I see is the authorized stated incorrectly. The 85M million everyone is up in arms about has been reserved by TA or company for an obviously previously held obligation of some sort which could be for an acquisition that they are finalizing!
How does trading volume over the past week directly relate to reserved shares? There is NO possible way for any of us to determine that. The company itself would have difficulty determining that because the MM and brokerage houses would never cooperate. None of us know where that volume came from and who is doing it! if it where that easy the SEC itself wouldnt have the difficulties they have when conducting their investigations. Does anyone remember how much trouble the SEC and FINRA had gathering trading data during that circus of a scam Enron? Believe you me I learned alot during that time period.
The 85M that everyone is screaming dilution may in fact have zero to do with actual dilution at all. I have no idea why every time something happens with this stock a few inexperienced individuals get everyone else all worked up over incomplete information? There are some folks here jumping to some pretty negative conclusions at the drop of a dime and I have to wonder why in Gods name are you invested in a company that you dont trust?
Also, before anyone says they are not going to support a company that doesnt take care of its shareholders" (which quite frankly I am tired of hearing) ask yourself why would a company care about any "shareholder" that doesnt see them as a company, with real people employed there, producing products and going to work everyday but rather a ticker symbol that they flip at a whim? Thats not a shareholder, thats a day trader and an opportunist. Thats also betting on the short moves not "investing" in a company, its business model or its people. Seems to me that the people complaining and suspecting the worse the most think this way because thats just what they would do if put in the position. You flip you gamble. Thats just the cold reality of the game that some of chosen.
Imagine if everyone decided to just hold and refused to sell? what would happen then? Price would go up and spread would tighten. That would require a long term approach and patience from those who actually believe in what the company is doing and will do. Thats the OTC and like my friend Tyaz has told me more than once "thats just the OTC and its not going to change". I would add "because the traders on it are short-sighted looking for a quick buck".
I am not worried about 85M shares being held but I am curious why? I am also not worried about the 600M authorized. Actually I would be encouraged by it because it is looking more and more that I was correct that this company is preparing to merge with another company, buy another company or both. The company is growing and that takes capital. My opinion..... Its about time! I have only been waiting 5 years!
Also, I think it bears mentioning here that a company is not a ticker symbol folks. A company is a business that produces something, sells it to a consumer and turns a profit. For 4 years this company has not done that and now that it is actually producing we have fellas here saying the CEO is crooked and the company is a scam? Am I the only one that is scratching their head here?
My advice, if you hate the company...sell. Better for all of us if you moved on to your next fleeting interest. Some of us are here for a real return and a 1/10th of a penny aint it for me folks!
I dont think the rifles will be available to average citizens. Mr. Umbra has said many times that he would rather sell to government and if he did sell to public it would be less than 500 or 250 rifles a year for the first few years only. He consulted on several mass shootings and antiterrorism task forces and does not want his guns associated with hurting innocent people. He has said that many times. The UBR is around $5000.00 and the sniper rifle is $15k. That has already been made public. The silencers are available only to military and are rather impressive. They dont advertise them but I saw it in person and they use to have a picture of one on a rifle on the website.
He never released the guns last year because of the antigun and police issues last year during the election. He was concerned that if someone used one of the companys guns to hurt people that the company would be labeled a gun manufacturer that killed innocent people. He said it could hurt the company beyond repair so he put it off a year.
I forgot what he said about the coating. I know its self cleaning and all the heat is pushed forward through a piston. You can also hose the rifle down on the inside if there is any carbon built up and it will just come off because of the coating. I dont remember all the specifications but it is definitely impressive. Its not a hunting rifle and he will be the first to tell you that. Its very accurate and fires faster than most rifles in semi automatic. It has a full auto selection in it as well. He designed it for special forces because of his background.
As for where I see the company going, I am not sure. I think its heading in the right direction but I dont know what their plans are. Certain aspects of the company have improved more than I thought possible given the period of time and to be honest I really doubted the fella would be able to make the company profitable by this time. I am disappointed in the share price but hopefully it will turn around.
My guess is that he is going to raise the authorized to match the cap structure of which ever company hes going to merge with or sell to. Its the only way I see the company PPS going up because of the conversion that would have to occur. Most public companies that uplist usually have a cap structure of 600-800 million authorized so I would expect that. If we see that soon then it is almost a guarantee that he has a deal to sell the company (unlikely IMO because i dont see him giving up control) or merge the company into another public company, most likely trading at $5/share or more so he can meet NYSE minimum PPS requirement.
If that is not the case then we should hear about a very large contract or several large contracts (most likely because of the recent Next Cast partnership and the PR that mentioned more partnerships) that would need to be worth several million or more to support a higher price. I would think that they would need to be multi year contracts so projections could be included in some sort of prospectus for institutional financing if they dont already have that.
I think Mr. Umbra will be true to his word and continue to launch bio division products and the alternative energy things he mentioned in one of the PR or interviews. I know that he has had inventory on the Clearview, implant and gun sitting there so that would be my guess at which is coming next. They do have many completed products that we already know of and I am sure they have many more that we dont know about so which products are coming is really unknown.
As for time frame, that is anyones guess and one that I really would like to know.
I have not seen the cast and was not even aware of it until the press release. Looks pretty space age to me though. I have seen and held the rifle. It is a serious piece of hardware and Mr. Umbra designed it himself. To see him handle that gun and take it apart is very impressive. You can tell hes very comfortable around guns and knows more about them than you average Texan down here thats for sure! My partners and I have a working ranch up in Wyoming and have invited Mr. Umbra up for some hunting but he said he doesnt hunt unless they are armed bad guys. LOL. He said he wouldnt mind coming up for some RR (took me a few days to figure out what that meant. He use a lot of military speak)though one day. I hope he takes us up on the offer because i sure would like to pick his head a bit.
I have seen the crutch, finger implant, the battery,blood bag and the ClearView thing all of which are very impressive. He even should us the wind turbine blades they tested in the wind tunnel. Thats just what he brought to the meeting 2 years ago or so. I can not imagine what they have now.
Something I would add is that years ago when UAT was looking to go public and even after they were public trading around $1 they had some sort of arrangement with a firm called Morgan Securities, something Morgan, Morgan something, I am not sure of the name anymore. I am old and my memory isnt what it use to be but they had some type of relationship where all UATG shareholders deposited their stock with them. That company put out an evaluation of $11/share at the time based on the companys body and security scanner. I forget the name of it but its still on the website only there is a lot less information on it now. They licensed the tech out for medical and cancer research as well.
The handful of times I have had the chance to speak with Mr. Umbra he wont discuss it past general information. The last time I brought it up and asked about its security applications he refused to discuss that aspect. When it comes to security, military or intelligence he clams up quicker than you can say your own name! I think they have some pretty big things in the hopper and we are starting to see evidence of that now with more information coming out and products being pushed out the barn door.
Tyaz, when my partners and I invested in Intrepid Capital Holdings and Paks Drilling they were private companies. Their business was suppose to be drilling and delivering crude oil here in the United States. They also had some renewable energy technology that they said they were working on. The best we can tell is that the two individuals running the show over there in Kansas raised about $6 million with the help of another nefarious character who has experience at drilling. He talked a good game and knew what he was talking about.
They delivered nothing! They had some folks out there working but they didnt know what they were doing and all the oil they pumped out of existing wells on their leased lands they sold and pocketed. They never drilled one new well!!! They also had a wood pellet company and water trucking business that I believe made some money but they pocketed that to and those eventually went out of business owing a lot of money.
They somehow managed to convince UAT (a private company) to merge and go public with them. I am not really clear about the structure of that deal or how they lied their way in but they did. Somewhere along the line or in the middle of that deal UAT Group was formed, UAT became a subsidiary along with Intrepid Capital holdings and Intrepid Innovations. They went public through an existing public shell with ticker TMGR (I forget the company name) at which point they changed the name to UAT Group ticker UATG.
The crooks that ran Intrepid and Paks Drilling then were inside UATG and they ran Intrepid Capital Holdings and apparently convinced Mr. Umbra along with many others including lawyers and accountants that they were experts in SEC compliance. They may be whip sharp about regulations but they use them smarts to be crooks. I am not sure how they did it but somehow they convinced other shareholders of the original shell to give them unrestricted stock. Then they sold quietly while they pumped and they sold VERY cheap. The folks they brought in to pump and dump are bad folks, sharks, and they ruined the UATG market. The nearest I can tell they also sold company assets off and somehow pocketed the money. Mr. Umbra is not an oil guy and basically left running that side of the business up to crooks. A decision he assures me he regrets but ultimately allowed 3 bad guys to hurt many folks up there in Independence KS. Mr. Umbra caught on a little later on and after 1-2 years he fired both of them. The problem was that the damage was already done. Mr. Umbra is a savvy business guy but not when it comes to running a public company which is completely different. That of course has changed as he caught on pretty quick. He has built and run a few companies all of which I believe were very successful which is how he funded UAT and UATG on his own in the beginning.
I have spoken with several of the folks up there in KS and they told me that they were contacted by Mr. Umbra personally as was I. Legally he had no liability or responsibility to do anything but he paid many of those folks for bills that the three crooked musketeers ran out on and never paid. I know 2 of the bills were well over $25k to mom and pop type local businesses and had Mr. Umbra not stepped in they would have gone out of business. He knew that and as an honorable man didnt let that happen. That alone earned the respect of my partners and I and is one reason I have stuck with the company. Not everyone has been as fortunate in business as I and my partners have. We know how tough business can be. If you bring it up to Mr. Umbra he wont really discuss it nor take credit for what he did. My laywers private investigator found that out and thats how we heard about it. I can tell you that I know for a fact that Mr. Umbra was advised to shut Intrepid down and not pay anyone. Several people advised him of that and that came directly from my lawyer who spoke with the companys lawyer. Hell, my attorney said that was sound advice and agreed with them! We have a lot of money in DD on this company and the people who ran/run it. We were determined to sue the previous companies and the previous owners but legally we didnt have enough. We still intend to go after the previous owners and I am confident that those folks will end up behind bars where they belong. The irony is that the guy they really stuck it to and left holding the bag is the reason that they didnt got to jail straight away. Had Mr. umbra not stepped in and compensated everyone those folks and the company would no longer be around or walking around free men. I bet that just gets Mr. Umbra's goat to but it is what it is.
With me and the others he also issued stock and asked us to leave the restrictions on for 5 years or until the company was profitable. I dont know about the others but me and my partners agreed to those terms and have kept our word as has Mr. Umbra. He was very transparent when he didnt have to be and when he probably should not have been (legally speaking). He said he would have the company profitable by the fifth year mark and as you can see with the sales of Hygieia he is about to keep his word because come this December it will be 5 years. The man has never lied to me and has always come across as honest and VERY straight forward.
The company seems to be doing much better now, is delivering products and is trading more than it ever has which is good but the PPS needs to come up. I have seen a few products that they have designed and made in
meeting I had with the company when things came to light and our attorneys were involved. The products look and feel expensive which is reassuring on one hand but worries me because they have to sell an expensive product. I will say that the prices they charge for some of their other products all are less than competitors but I am not sure how they do that without it being a loss. Mr. Umbra has said on several occasions that he wants to put out a better product made from the best materials but have it be reasonably priced. So the price thing is obviously intentional. Hygieia is a good example because the few competitors that do exist charge $20/pair to Hygieias $20 for 3 pairs!
My only complaint is that he wont tell me how hes going to bring this girl home but thats just my impatience because he really cant and shouldn't tell me that sort of inside stuff. Not that I would use that plan if I knew it to make money but I would sure feel better about my money if I did know.
Hopefully this DD helps everyone in some way
Hygieia meets AST E2149 and TM-100 standards. This is what that means:
https://www.astm.org/Standards/E2149.htm
http://www.situbiosciences.com/antimicrobial-testing/aatcc-100-antimicrobial-test-fabrics/
I think I just about covered everything so maybe we can stop speculating on products being a scam and focus on how this company is going to up-list and make all of us a lot of money? The problems with this company are not the products, technology or even the management. The problem is can the management really overcome the stacked deck that was thrown at them and if so how? Lets put our heads together and think of how this company is going to go up in price and uplist!
Also, the EPA lists anything that kills an organism as a pesticide unless of course you file a 5-10k with the FDA at which time it can bear the claim that it kills 99.9% of viruses or bacteria and meets medical standards. In addition, you could also file to be considered a sanitizer but must be able to kill germs in under 5 minutes:
The summary information below was assembled by National Antimicrobial Test Laboratories. It is believed to be more current (as of publication) than EPA's own 810 series of guidance documents.
Product testing requirements change over time, so please check with EPA or a good consultant to verify the accuracy of these testing requirements as they pertain to your sanitizer or disinfectant.
Note: a "carrier" is just an individual inoculated and dried test surface and LCL stands for "lower certified limit."
Sanitizer (Non-Food Contact)
ASTM E1153
Staphylococcus aureus and either Enterobacter aerogenes or Klebsiella pneumoniae
3 lots (batches), each at LCL
3 control, 5 test carriers per lot, per microorganism
Contact time less than 5 minutes
>99.9% reduction
Sanitizer (Food Contact)
AOAC 960.09, or AOAC 955.16 if a halide like chlorine or iodine
Staphylococcus aureus and Enterobacter aerogenes (non-halide)
Staphylococcus aureus or Salmonella typhi (halide)
3 lots (batches), each at LCL
Contact time varies by method
Performance requirement varies by method
Sanitizing Towelette (Non-Food Contact)
Modification of ASTM E1153
Staphylococcus aureus and either Enterobacter aerogenes or Klebsiella pneumoniae
3 lots (batches), each at LCL
3 control, 5 test carriers per lot, per microorganism
Contact time less than 5 minutes
>99.9% reduction
Sanitizing Towelette (Food Contact)
EPA interim towelette guidance
Staphylococcus aureus and Escherichia coli
3 lots (batches), each at LCL
Contact time of 30 seconds
>99.9% reduction
Residual Self-Sanitizer
EPA residual self-sanitization test method
Staphylococcus aureus and Enterobacter aerogenes
3 lots (batches), each at LCL
Contact time less than 5 minutes
>99.9% reduction
Laundry Pre-Soak Sanitizer
ASTM E1153
Staphylococcus aureus and either Enterobacter aerogenes or Klebsiella pneumoniae
3 lots (batches), each at LCL
3 control, 5 test carriers per lot, per microorganism
Contact time less than 5 minutes
>99.9% reduction
Sanitizing Laundry Additive
ASTM E2274 and ASTM E2406
Staphylococcus aureus and Klebsiella pneumoniae
3 lots (batches), each at LCL
Contact time less than 5 minutes
>99.9% reduction
Carpet Sanitizer
Custom method required by EPA, typically includes...
Staphylococcus aureus and either Enterobacter aerogenes or Klebsiella pneumoniae
3 lots (batches), each at LCL
3 control, 5 test carriers per lot, per microorganism
Two carpet types
Contact time less than 60 minutes
>99.9% reduction
Surface Sanitizer for Fabrics and Textiles
Modification of ASTM E1153
Staphylococcus aureus and either Enterobacter aerogenes or Klebsiella pneumoniae
3 lots (batches), each at LCL
3 control, 5 test carriers per lot, per microorganism
Contact time less than 5 minutes
>99.9% reduction
Disinfectant (Residential Use)
Use Dilution (AOAC 955.14 and 955.15) or Germicidal Spray Test (AOAC 961.02)
Staphylococcus aureus and Salmonella enterica
3 lots (batches), each at LCL
60 carriers per lot, per microorganism
Each lot tested on separate day if S. aureus is the test organism.
Contact time less than 10 minutes
Performance criteria depend on test method and test organism(s)
Disinfectant (Hospital Use)
Use Dilution (AOAC 955.15 and 964.02) or Germicidal Spray (AOAC 961.02)
Staphylococcus aureus and Pseudomonas aeruginosa
3 lots (batches), each at LCL
60 carriers per lot, per microorganism
Each lot tested on separate day for both test microorganisms
Contact time less than 10 minutes
Performance criteria depend on test method and test organism(s)
Fungicidal Disinfectant
All requirements for basic disinfectant, plus....
AOAC Fungicidal Test (955.17) or Use-Dilution Test modified for fungi
Trichophyton mentagrophytes
Two lots (batches), each at LCL
10 carriers per lot
Contact time less than 10 minutes
Performance criteria depend on test method used
Virucidal Disinfectant
All requirements for basic disinfectant, plus....
ASTM E1053 or Germicidal Spray Products Test Modified for Viruses
Virus claimed on the label or suitable surrogate
Two lots (batches), at LCL if "main" virus
1 10 square inch test surface per lot
Contact time less than 10 minutes
Complete inactivation or >99.9% when cytotoxicity is evident
Tuberculocidal Disinfectant
All requirements for basic disinfectant, plus....
AOAC 965.12 or AOAC Germicidal Spray Products modified for Tuberculocides
Mycobacterium bovis BCG
Two lots (batches) at LCL
10 carriers per lot or 4 replicates per lot, depending on method
Contact time less than 10 minutes
Complete inactivation on all carriers
Fungicidal Disinfectant Towelette
All requirements for basic disinfectant, plus....
Germicidal Spray Test modified for towelettes and fungi
Trichophyton mentagrophytes
Two lots (batches), each at LCL
10 carriers per lot
Contact time less than 10 minutes
Performance criteria depend on test method used
Virucidal Disinfectant Towelette
All requirements for basic disinfectant, plus....
ASTM E1053 or Germicidal Spray Products Test Modified for Viruses and Towelettes
Virus claimed on the label or suitable surrogate
Two lots (batches), at LCL if "main" virus
1 10 square inch test surface per lot
Contact time less than 10 minutes
Complete inactivation or >99.9% when cytotoxicity is evident
Tuberculocidal Disinfectant Towelette
All requirements for basic disinfectant, plus....
AOAC 965.12 or AOAC Germicidal Spray Products modified for Tuberculocides
Mycobacterium bovis BCG
Two lots (batches) at LCL
10 carriers per lot or 4 replicates per lot, depending on method
Contact time less than 10 minutes
Complete inactivation on all carriers
Laundry Pre-Soak Disinfectant
Use Dilution (AOAC 955.14 and 955.15)
Staphylococcus aureus and Salmonella enterica
60 carriers per lot, per microorganism
Contact time less than 10 minutes
Performance criteria depend on test method and test organism(s)
Disinfectant Laundry Additive
ASTM E2274 and ASTM E2406
Staphylococcus aureus and Klebsiella pneumoniae
3 lots (batches), each at LCL
Complete inactivation of all test organisms
Erwin1 when you make claims that this companys product is a scam that will ultimately hurt everyone you should back it up. My guess is that you didnt because you cant. It is irresponsible to make false claims that could hurt a company and their shareholders unless of course you are one of the day traders shorting or intentionally trying to manipulate the stock.
On this board we verify EVERYTHING especially outrageous and claims that the company or its products are a "scam' with serious detriment to the population as in the case of the "super-bug" or antibiotic resistant bacteria. This board is about sharing experience and due diligence. We dont guess or or spread conspiracies.
Case in point, antibiotics only kill bacteria. Silver kills all microbes so how could all microbes develop a resistance to something that has the "keys" to how bacteria, viruses and fungi function? This was the question I asked myself and a good friend that does research with the CDC and one of the few companies left that are still investing in new antibiotic research. I asked him to put something brief together and to site references. The following is part of the e-mail he sent me (I apologize for the length but hes a scientist and this their version of short and sweet I guess):
The antibiotic penicillin works by keeping a bacterium from building a cell wall. Bacteria and human cells also differ in the structure of their cell membranes and the machinery they use to build proteins or copy DNA. Some antibiotics dissolve the membrane of just bacterial cells. Others affect protein-building or DNA-copying machinery that is specific to bacteria.
Different families of antibiotics have different ways of killing bacteria. Below are descriptions of a few types of antibiotics and their mechanisms of action.
Beta-Lactam
Beta-lactam antibiotics kill bacteria that are surrounded by a cell wall. Bacteria build cell walls by linking molecules together—beta-lactams block this process. Without support from a cell wall, pressure inside the cell becomes too much and the membrane bursts. Examples of beta-lactams include penicillin and cephalosporin, which are used to treat many types of bacterial infections.
Macrolides
Antibiotics in the macrolide group affect ribosomes, the cell’s protein-building machines. Ribosomes build proteins in both bacteria and human cells, but there are differences between bacterial and human ribosomes. Macrolides block only bacterial ribosomes and prevent them from building proteins. Since proteins do all the cell’s work, a bacterium that cannot build proteins cannot survive. Erythromycin, which is commonly used to treat respiratory tract and skin infections, is a macrolide.
Quinolones
Quinolones include antibiotics like ciprofloxacin and levofloxacin, which are used to treat infections like bronchitis and pneumonia. When bacteria begin to copy their DNA, quinolones cause the strands to break and then prevent the breaks from being repaired. Without intact DNA, bacteria cannot live or reproduce
Antibiotic Resistance
Methicillin-resistant Staphylococcus aureus (MRSA) is well-known example of a so-called superbug, as is vancomycin-resistant Enterococci (VRE). Some strains of gonorrhea have developed resistance to multiple drugs, and some types of tuberculosis have also developed resistance to multiple drug therapies (isoniazid and rifampicin).
According to Lucian Lucia, associate professor of chemistry at North Carolina State University, and chemist George John of City College of New York, bacteria cannot build up a resistance to silver nanoparticles as they can to antibiotics, because of the way the silver nanoparticle attacks — destroying the structure of the cells and killing them. Antibiotics, on the other hand, suppress the activity of bacteria but don’t necessarily kill them. “That’s the beauty of silver,” Lucia says. “There’s no way to develop a serious resistance to it.”
Writing in the journal BioMetals in 1998, in a study titled “Multiple Parameters for the Comprehensive Evaluation of the Susceptibility of Escherichia coli to the Silver Ion,” researchers G. Zhao, and S.E. Stevens stated: “With the rise of antibiotic-resistant bacteria, silver is re-emerging as a modern medicine because pathogenic organisms have generally failed to develop an immunity to it (i.e., the silver ion).”
According to researcher AB Lansdown, writing in the Journal of Wound Care, April 2002: “Silver products have two key advantages: they are broad-spectrum antibiotics and are not yet associated with any significant drug resistance.”
According to researcher A. Dwight Webster, writing in Clinical Orthopaedics and Related Research, in a study titled “Silver Anode Treatment of Chronic Osteomyelitis”: "The silver cation is known to have an exceptionally broad spectrum involving gram-positive, gram-negative, aerobic and anaerobic microorganisms… resistance to silver ions is rare."
According to Herbert Slavin, M.D., founder and director of the Institute of Advanced Medicine, Lauderhill, Florida: “Reports of any pathogens developing resistance to ionic silver are rare. Some reports indicate it even kills drug-resistant strains of germs. Ionic silver is also a powerful tissue-healing agent, so much so that it has been used topically for decades in burn centers and currently represents one of the fastest growing sectors – if not the fastest growing sector – in wound care today.”
And according to Steve Thomas, PhD, Director Surgical Materials Testing Laboratory Bridgend, Wales, UK, in an article titled, “MRSA and the use of silver dressings: overcoming bacterial resistance”: “Although some bacteria can develop resistance to silver, this is not regarded as a serious problem as available evidence suggests that most preparations capable of delivering sustained silver-ion release are effective against MRSA and VRE, and as yet no resistant strains have been encountered clinically.
It follows, therefore, that any silver-containing dressing that shows acceptable levels of activity against a range of non-resistant bacterial species should show comparable activity against antibiotic-resistant strains of the same organism.”
As stated by silver researcher S.M. Foran, writing in Therapeutic Properties of Silver: an Historical and Technical Review: "Another benefit to using silver is that it does not appear to create the same amount of resistance in bacteria as traditional antibiotics.
Ian Chopra, Professor of Microbiology at the University of Leeds, reported in a 2007 article in the Journal of Antimicrobial Chemotherapy that there are fewer than twenty published reports of silver resistance in bacteria. Professor Chopra went on to indicate that 'current evidence suggests the clinical threat [due to silver resistance] is low' because of the 'multifaceted mode of action of the silver ion.'’
Silver’s Multi-Faceted Mode of Action
You see, unlike antibiotic drugs which generally kill pathogens through a single course of action, silver works in a multi-faceted manner, attacking infectious microorganisms from many different angles.
Therefore, it is very difficult and extremely rare for pathogens to become “resistant” to silver.
Generally speaking, if one facet of silver’s antimicrobial arsenal fails to work on a specific pathogen, another facet will do the job handily.
Infectious disease specialist Dr. David Weber agrees, arguing that the use of silver in commercial products poses very little danger of creating silver-resistant microbes, due to silver’s multiple modes of operation.
As reported in the Los Angeles Times, in August of 2008: “…Dr. David Weber, an infectious disease and public health expert at the University of North Carolina in Chapel Hill, isn't convinced that silver resistance will prove much of a problem. Resistance to antibiotics occurs quite readily in bacteria once prolonged exposure to, say, penicillin, occurs. But there's little reason to suppose that resistance to silver would develop so easily, he says.
An antibiotic like penicillin works by hitting a bacterium in a limited fashion, at specific sites. Because the killing is done precisely, the bacterium has a good chance of developing a mutation that would confer resistance.
In contrast, silver kills microbes in a broad, unspecific fashion -- like tossing a bomb at a bacterium. It hits many essential points such as a bacterium's entire respiratory system. This makes it much more difficult for silver-resistance to develop.
And even if tolerance did develop, Weber says, increasing the dose of silver the bacterium is exposed to will solve the problem in most cases.”
In short, microbes simply don’t grow resistant to silver anywhere near as easily as they do to synthetic antibiotic drugs, thanks in large part to silver’s broad spectrum of action.
And even if a microbe does grow resistant to silver, increasing the dosage tends to take care of the problem!
Sources
American Academy of Pediatrics - Healthy Children. "How Do Antibiotics Work." July 31, 2013. (March 15, 2014) http://www.healthychildren.org/English/health-issues/conditions/treatments/pages/How-Do-Antibiotics-Work.aspx
American Chemical Society (ACS). "Discovery and Development of Penicillin." (March 15, 2014) https://www.acs.org/content/acs/en/education/whatischemistry/landmarks/flemingpenicillin.html
Boggs, Will. "Narrow-spectrum antimicrobials favored for children hospitalized with pneumonia." Reuters Health. Oct. 28, 2013. (March 15, 2014) http://www.newsdaily.com/article/d92d5404f2b051359ed069e3379272d7/narrow-spectrum-antimicrobials-favored-for-children-hospitalized-with-pneumonia
Centers for Disease Control and Prevention (CDC). "Antibiotic / Antimicrobial Resistance." March 4, 2014. (March 15, 2014) http://www.cdc.gov/drugresistance/
Centers for Disease Control and Prevention (CDC). "Get Smart: Know When Antibiotics Work - Fast Facts." Nov. 4, 2013. (March 15, 2014) http://www.cdc.gov/getsmart/antibiotic-use/fast-facts.html
Centers for Disease Control and Prevention (CDC). "Get Smart: Know When Antibiotics Work -- What Everyone Should Know and Do - Snort. Sniffle. Sneeze. No Antibiotics Please!" Nov. 4, 2013. (March 15, 2014) http://www.cdc.gov/getsmart/antibiotic-use/know-and-do.html
Centers for Disease Control and Prevention (CDC). "Threat Report 2013." March 10, 2014. (March 15, 2014) http://www.cdc.gov/drugresistance/threat-report-2013/
Diffen. "Gram-negative Bacteria vs Gram-positive Bacteria." (March 15, 2014) http://www.diffen.com/difference/Gram-negative_Bacteria_vs_Gram-positive_Bacteria
Earl, Lesley. "How Sulfa Drugs Work." National Institutes of Health (NIH) - NIH Research MattersMarch 12, 2012.(March 15, 2014) http://www.nih.gov/researchmatters/march2012/03122012sulfa.htm
Foti, James J.; Devadoss, Babho; Winkler, Jonathan A.; Collins, James J.; and Graham C. Walker. "Oxidation of the Guanine Nucleotide Pool Underlies Cell Death by Bactericidal Antibiotics." Science. Vol. 336. Pages 315-319. April 20, 2012. (March 14, 2014) http://www.bu.edu/bme/files/2012/11/science_foti.pdf
Kohanski, Michael A.; Dwyer, Daniel J.; and James J. Collins. "How antibiotics kill bacteria: from targets to networks." Nature Reviews Microbiology. Vol. 8. Pages 423-435. June 2010. (March 15, 2014) http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2896384/
Mayo Clinic. "Antibiotics: Misuse puts you and others at risk." Feb. 4, 2012. (March 15, 2014) http://www.mayoclinic.org/antibiotics/ART-20045720
Michigan State University - Antimicrobial Resistance Learning Site. "Classification according to spectrum of activity." (March 15, 2014) http://amrls.cvm.msu.edu/pharmacology/antimicrobials/spectrum-of-activity
Mobley, Harry. "How do antibiotics kill bacterial cells but not human cells?" Scientific American. March 13, 2006. (March 15, 2014) http://www.scientificamerican.com/article/how-do-antibiotics-kill-b/
Neu, Harold C.; and Thomas D. Gootz. "Chapter 11: Antimicrobial Chemotherapy." Medical Microbiology. 4th edition. The University of Texas Medical branch at Galveston. 1996. (March 15, 2014) http://www.ncbi.nlm.nih.gov/books/NBK7986/
NIH - National Institute of Allergy and Infectious Diseases. "Antimicrobial (Drug) Resistance." Feb. 4, 2014. (March 15, 2014) http://www.niaid.nih.gov/topics/antimicrobialresistance/Pages/default.aspx
NIH - National Institute of Allergy and Infectious Diseases. "Antimicrobial (Drug) Resistance -Gram-negative Bacteria." April 30, 2012. (March 15, 2014) http://www.niaid.nih.gov/topics/antimicrobialresistance/examples/gramnegative/Pages/default.aspx
NPS MedicineWise. "What are antibiotics and how do they work?" (March 15, 2014) http://www.nps.org.au/medicines/infections-and-infestations/antibiotics/antibiotics-for-respiratory-tract-infections/for-individuals/what-are-antibiotics-and-how-do-they-work
Paddock, Catharine. "Antibiotics Kill Bacteria By Damaging Their DNA." Medical News Today. April 23, 2012. (March 15, 2014) http://www.medicalnewstoday.com/articles/244435.php
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So I called the company and was just told that they dont have to register with the EPA because silver treatment as an antimicrobial is already listed as a pesticide. If you use an already registered material you do not have to re-register it which makes sense and I feel stupid for calling to ask.
I called EPA and after literally 3 transfers, a hang up, call back and 2 more transfers I spoke with someone who confirmed UATG's claims. This took almost 45 min! The net time someone comes up with one of these waste of time suggestions they should waste their own time and not everyone elses!
I did find out that Hygieia is not only ASTM E2149 standard compliant but is also TM-100 standard complaint which apparently is not common, takes a year approval and is for medical use. That means they have been working on this and planning this for quite some time and they are very clearly targeting the medical industry.
UATG has over $30M in assets!! We have gone over this many times!!! I just dont understand why this is being misunderstood
Game? This isnt a game and you clearly dont understand what I am suggesting. The authorized has not changed so where is the dilution? Were you not aware of the cap structure when you invested? Nothing has changed other than the OS which we all have known about for many years so we knew they could issue stock. Thats not underhanded nor is it the definition of securities dilution.
As for asking the CEO how long hes going to keep "us" around, who are you referring to when you say "us"? Shareholders or day traders? theres a technical but significant difference in my opinion and clearly this CEO does not understand that because if he did, he would not be so concerned about the day traders which would be the only ones really effected by a RS and he would be more focused on the long term folks that have been around a while and havnt sold.
I guess we know what your game is and what side of this stock you are on.
If you have 7M shares then I dont understand why you wouldnt want a RS? your stock value would be the same the only thing that would change would be the amount of shares you would own. You would not lose any of your investment and would own a stock in a stronger more stable market and price point. You have enough to take on a fair sized RS. Wouldnt you rather own 14,000 shares at $1.50 instead of 7,000,000 shares .003 if your total investment value was still $21k in a less volatile market with a tighter spread!?
The company float would drop to under 1 million and the company could release small blocks of shares into the market directly driving the price even further upward! If the company did that today, then most day traders couldnt afford to buy large blocks of UATG and would go someplace else. Long term shareholders would be rewarded and protected, the company would have more leverage, and UATG would be on its way to uplist within 6 months!
I dont see the down side other than everyone hears the words RS and automatically thinks its bad
They cant control themselves. Its just what they do and how they are wired. If they could stop they would but even a company with this potential cant capture their jaded and damaged perspective. lol
The potential with this company is actually quite striking if you really think about it. Their patent portfolio which you dont hear much about (I dont understand why) and managements ability to create a plan and execute over a sustained period of time is impressive. Most companies fail in the first 3 years and this company is 5 years into their business execution. Thats even after they were torpedoed from within in the first 2 years of operations. Maybe even sooner if consider the turncoats that lied to everyone from the beginning including lying to the CEO. They set that poor fella up from the beginning. My guess is they underestimated this CEO's character and determination. Just an old mans opinion for what its worth.
Skichic, it is my opinion that a RS is needed to reduce the flippers abilities to keep the PPS down and increase the PPS. I am not saying its desirable I am suggesting that because this is the OTC with short term minded folks that a RS is the only way to reduce the amount of daytraders on this stock. We sacrifice volume/liquidity for stability and growth. I understand why my suggestion is not popular but any long term investor with enough holdings should agree with me unless anyone has a REAL suggestion on how this stock gets to over $3/share to uplist?
Keep in mind that as we move up past a penny, everyone who bought at 0.003 will sell (if they even wait that long), anyone who bought at a penny will sell between 0.015-0.02, anyone who bought at 0.02 will sell at 0.03-0.035, get my point? Every time they sell the PPS will drop a little and have to work back up. Slowly!
You see what I am driving at?
Unfortunately I am aware of his opinion on a RS
UAT has already announced a signed contract! The fact is that no matter what the company announces the day traders are going to hold the PPS back as they flip their holdings as the stock moves. This is exactly why I have voiced my opinion of a RS!
Next Cast is obviously a company launching a new product 3 months from now. Them saying they are the worlds leaders in advanced casts is called marketing. What do you expect a company to say about their products? Imagine if a company launched a product and said our products are like everyone elses or are bad. That is aside from the fact that this cast is obviously NOT like anything else out there and looks pretty advanced. You guys make me laugh.
As for helping the company out, I was speaking in terms of bringing positive eyes to this stock with some fresh investors instead of day traders but you are probably right, they will never leave because they are short sighted and that is why they make the piddly returns they do. Guess its a matter of perspective and what your goals are. I for one have always been a long term fella and it has done me and my family well.
It makes sense to me that a company would prefer to do business with someone they already know, trust and have a relationship with. I do agree with you however that you absolutely do have the right, in fact paid for that right, if you own the stock but accusing a company or CEO of fraud, embezzlement and multiple felonies is not really complaining is it? that sir is called an accusation. Before you deny ever saying or accusing the company and CEO of those things let me clarify... you implied the crimes rather than outright said them. This isnt a court of law and if it walks like a cow, sounds like a cow then by golly the heifer is a cow! My point is we all knew what you were meant.
As for the CEO returning or taking calls, why is that bad? The implication that the man is just sitting around talking just seems absurd. Look at all the products they have! This took years of R&D and millions of dollars. How could this man possibly be sitting around doing nothing?
Next we will be talking about UFO's, pyramids and Kennedy assassination. We need to get serious around here folks! Something big is about to happen with this company and we are talking conspiracies and calling each other names. No matter what anyone says or thinks we should all be able to agree on one thing, this company is up to something and they have had it planned for more than a year. Lets put our heads together and see what we can do to help this company out so they can put real money in ALL of our pockets.
UATG does NOT need to be audited for a government contract. Many private companies have government contracts including the one my partners and I run. I dont know where you get this information but to put to constantly put out inaccurate information/DD is irresponsible and is starting to look intentional. No one person could be this wrong so often and it be a mistake especially when you say you have alot of money on the line.
Mr. Canada, your conspiracy theories are almost accurate except they are not theories and there is no conspiracy. The individual who went off and started his own company called Next Casting is the same individual who worked at UAT for several years and designed many of the UAT products we are familiar with. I am assuming under the direction of one Mr. Umbra which would account for design similarities. It is also worth noting that any due diligence at all would have turned this fact up along with a few other pertinent facts: UAT has bought two previous companies started and run by this individual and 2) this individual still does consult design work for the company as listed in their financials.
I am not sure if its laziness, ineptitude or intentional but this type of so called DD followed by very sinister theories only serves to hurt a company, its PPS (that you say you care so much about) and the shareholders (like me).
I will ask again, because I still dont get it; where is the dilution when the Authorized has not been increased at all? Were you simply not aware of the Authorized count as you were unaware of many UATG facts/history? if it was increased and dilution were to be significant the authorized would have to be increased by more than 100%?
The real problem is the cap structure itself. The Authorized is far too small to be in keeping with traditionally solvent companies on the NYSE so how are they going to uplist? The answer MUST include an increase in the Authorized and announcement of revenues. Thats not magic or theory. Thats common sense and years of experience in the capital and securities markets.
The simple solution for this company and if Mr. Umbra were what you accuse him of being (a typical pink sheet CEO) then he, would do a RS and re-capitalize the company at a high PPS leaving the company with more equity held. For some reason this CEO is opposed to that? Why?
The only reason that makes sense is, because he doesnt have to do it! That brings up the most important question and one that we all should be thinking about: What does he have planned that makes it not necessary to restructure a 0.0028 stock with very little equity left to leverage?
Obviously he has something planned because everything we are hearing about now was planned over a year ago and I am sure if that is any indication at all, he has something planned for over a year from now. You want to make money? figure out what he has planned, what is next and how the heck we are uplisting to the NYSE/NASDAQ? That would actually be helpful as opposed to outrageous and slanderous theories.
I called the company and apparently it is a soft "supple" smart cast that forms perfectly to the arm and turns "rock" hard like a regular cast when you push the button on it. It uses some type of eco-friendly safe chemical reaction process activated by special wave lengths of light and turns solid in about a minute. Hygieia is on the silicone liner that wraps around the arm and stays soft for comfort. Cast can get wet and wont breed bacteria, fungi, mold or other germs. Sounds pretty advanced.
I also confirmed that they have a contract with UAT but the person would not confirm amount of contract just that its an open 5 year contract. She also stated that she has met the CEO of UAT and a few others many times. Apparently hes been going there for over a year and there are other "things" that they are working on!!! Obviously UAT has been working on many projects for a very long time and is choosing now to slowly make them public. My guess is that we are going to see many more announcements and new technology is only the tip of the iceberg. They obviously have many contracts in the works and that is how he intends to get the PPS up. I still think a merger is on the horizon or at least a few companies being bought to bring in revenue and technology/products.
My grandson found this last night: http://nextcasting.net/
I doubt this is a final product page considering the boxers have not been announced and its not anywhere on the website
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.
This is detailed in their latest filings in Note 6 page F-11 or page 21 of 23:
NOTE 6 – INTELLECTUAL PROPERTY
During 2012 Umbra Applied Technologies, Inc. (“UAT”) executed five (5) technology purchase agreements with unrelated parties. The buyer (UAT) and seller mutually agreed on the purchase prices which were paid in UAT shares. UAT was acquired by UATG in November 2013.
The total purchase price for those assets was $35,390,000 which was recorded on the UATG financial statements at $4,896,800 originally as goodwill and subsequently restated to Intellectual Property
Technology description
Purchase Price
Water Purification and desalination $15,000,000
Pegasus Hybrid Project (aerospace technology) $10,000,000
BuzzSwat (security technology) $2,000,000
Rigid (medical technology) $7,000,000
Security, battery and alternative technologies $1,390,000
sub-total $35,390,000
valuation adjustment ($30,493,200)
Net $4,896,800