Slow and steady wins the race
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Of course you would do sales BEFORE a merge! How else could you match share structure?
We should be using this board to come up with realistic and serious scenarios of where this company is headed so we can all make decisions based on probably outcomes.
It is my opinion that this company is preparing to merge with another company which is why we are starting to see contracts and revenue. To me the cap structure has to change because the current structure is not typical of most publicly traded companies. They would have to at a minimum increase OS to 500+ million.
There you go again. No plan? The company has been talking about its business plan for more than a year and has done everything they told us they were going to do. Doesnt matter if youre Canadian, American, Chinese or from Mexico. Bad DD is bad DD no matter how you slice it.
As for not calling and speaking with the CEO, it seems odd that you would conclude that (again based on your incorrect DD) "this is a typical Alex move" when you admit to not knowing him or anything about him. How could you possibly know what a typical Alex move would be? If you have been invested in this stock as long as you have implied then you should know what has happened and why all of us (some of us) are in the position we are in. How is that the CEO's fault especially when you consider how he has turned it around?
You say you call it like it is then I am sure you would love in here in Texas because when we see bull we call it out and I call bull on your DD and your motivations.
As for the statement in the press release "Next Cast manufactures what is inarguably the worlds most advanced orthopedic cast and brace systems currently available. The revolutionary new cast is scheduled to be released early 2018....". What did you expect them to say, that we make the worlds worst cast? They are marketing a product to SELL IT what else should they say?
This is the sort of thing my partners told me about and why no one takes the OTC seriously. If you want to be taken seriously as an investor it helps to act seriously and professionally. Why would you say things that would hurt a company or stock price that you supposedly want to go up? You wouldnt! You obviously have some incentive to see it go down.
The name in the PR and the name on TX SOS came up the same with the same people. Due diligence takes effort. In this case minimal effort. Phone call to company and name search.
You know Joe you keep talking about Mr. Umbra as if you know him yet every time I ask if anyone has spoken to him you never speak up and in fact I believe you were one of the people that said you have never spoken with him! How could you possibly know what the measure of a man is if you have never met him or even taken the time to contact him or the company? Seems odd that you who seem so outraged and are so invested in UATG yet have never communicated with the company all because you assume they or he will just spin a story and lie to you. Then why on Gods green earth would you invest in such a dishonest company?
What could possibly be your motivation to sling such potentially criminal, false and vicious accusations at a company or an individual with absolutely no evidence and apparent minimal effort to conduct DD?
It took me 30 minutes to find this company using basic common sense and my understanding of a company I am actually invested heavily in when it was at $1 pps. If you are in fact a serious investor I would recommend a little more diligence in your due diligence and perhaps a little more prudence when coming to such outrageous conclusions. After all you supposedly have millions tied up in this company right?
I have a question for all the big shots out there trading millions of shares with "BIG" money. Why would you not spend the $5 to get an account with the Secretary Of State and do an entity search in the areas that the company does business? Legal name is Next Casting technologies Corporation and they have government contracts. Business is almost 2 years old!!
Filing Number:
802394715
Entity Type:
Domestic For-Profit Corporation
Original Date of Filing:
February 18, 2016
Entity Status:
In existence
Formation Date:
N/A
Tax ID:
32059648462
FEIN:
Duration:
Perpetual
Name:
Next Casting Technologies Corporation
Has anyone here ever given it the thought that maybe Next Cast is a start-up and isnt launching until early next year when the contract is to begin? As the press release stated!
I also DID find this company. Its out of Texas! Lasy DD on this board or maybe intention negative remarks just to push stock down because some are shorting or manipulating. Getting tired of the antics on this board. Very few professionals here
Skichic, I think you might be over-estimating the value of the cast contract. UATG is not making the cast. That are providing Hygieia technology to the silicone whatever that comes in contact with the skin. Contract might only be worth a couple hundred thousand if you figure $1 per cast for treating the silicone only. I still think that is a very big deal because this is only one contract. Imagine how many contracts the company can go after! this is much bigger than I gave it credit for several weeks back.
When I spoke with company the other day I got the sense that the underwear and more sock models were done and going to be available for Christmas because I was told that they are focusing on finishing up the sheet designs. If I am not mistaken sheets arent suppose to come out until January so that makes me thing the other products are already done.
UAT Intel has been around since the beginning. This is just the updated page. If you check filings it was a source of income several times while they were testing that data mining software. Mr. Umbra consults with government on intelligence and threats here and overseas regularly. I know a senator on a committee that deals with him on just that alone. I believe UAT worked Ferguson, Occupy Wall Street and a few others as well as did early testing for commercial use with Hollywood movie releases to determine if a movies marketing was working and if the movie would be a success. if you go back to when they bought the company that originally developed the program they were able to predict movies and protester movements very accurately. I think thats how they got contracts.
When I discussed it with him a few years back he plans to build up the intelligence business and contracts for the company over a period of time and intends to do so quietly. He told me that he would most likely never put out an announcement on anything related to that division which explains why we never hear anything about it. I have brought it up a few times but he will no longer discuss it so they are obviously moving forward with whatever they are doing. My guess we might hear something about it in the coming year now that they brought those artificial intelligence programming fellas in for their drones and such. I know Hygieia has something to do with the drones and security because it can conduct electricity and do communications. I suspect that is the reason for the timing of Hygieia and the programmers. Your guess is as good as mine though.
I also asked about the boxer briefs and about the page that someone posted. Apparently they are launching those soon and he said that someone must have inadvertently left one of the product pages up that they are working on. They are obviously preparing for the other product launches.
Finally got call back from Mr. Umbra.
Mr. Umbra would not give me specifics but did disclose that they are currently engaged in a major effort to introduce Hygieia technology to everyone everywhere. Its difficult to not get excited when you speak with this fella. He absolutely sees Hygieia bigger than any of us do or at least I did until speaking with him. I was not aware that Hygieia can be embedded in paint, plastics and many other materials. This man believes that every building material inside a home, every product we come in contact with, every commercial work space, every toy, piece of furniture, appliances,cell phones, EVERYTHING should have Hygieia and he firmly believes that because of his ability to make it cost effective that he can convince everyone to use it in their products.
He told me he believes its wiser and more profitable to get companies to buy reasonably priced technology that is profit leveragble and that exponentially makes their product more desirable and marketable than to sell high dollar single products across the board. He said they already have expensive technology but its more feasible to get millions of people to buy a $1 lottery ticket than to get one person to pay millions for one item. He is building a brand from the ground up and he wants it to be affordable for everyone. He said why would you pay more for regular socks when you can pay less for ours that are better?
This man is either a visionary or crazy. I am not sure which yet but if he is correct and can make it cost effective to use he may have just found his golden ticket.
Can you imagine if Apple started making iPhones with Hygieia? Hospitals making door handles or elevator buttons with Hygieia? If Hygieia paint is inexpensive enough why wouldnt every hospital use it? This could be much bigger than I ever thought and I am man enough to admit I may have judge Mr. Umbra too harshly and too early. We will see
I contacted company and they said that they have confirmed socks shipped last week and are tracking shipment inbound to their facilities. they anticipate shipping to customers beginning of next week.
I also have call out to Mr. Umbra about recent trading. Has anyone else spoken to him or the company?
A shell trading? Geez. Thats EXACTLY the problem with OTC
I have spoken with Mr. Umbra before and most recently did communicate with him. That is true. that said, he knows how I feel about the current situation and I have no problem giving the man the time he asked for because he has done everything he said he would up until this point.
I would also add that I do not believe the CEO or its management are selling stock because we would see a filing permitting them to do so. I am almost certain Mr. Umbra is an affiliate so that would mean he could never sell more than 10% at a time!
I am not sure where you are getting this but You can in fact put a stop loss order in. Why you would do it in penny stocks is beyond me as it wouldnt be very smart especially with UATG but is IS possible depending on your account. I will call broker and see if I can reference something from him. give me a few
Once again thats not accurate. There are stop loss orders available in penny stocks. Maybe not on certain accounts in E-trade or TD Ameritrade but even those accounts can be adjusted on request. Managed accounts by reputable broker.
FYI:
http://www.dummies.com/personal-finance/investing/penny-stocks/what-you-should-know-about-stop-loss-orders-for-penny-stocks/
Just so I clear, what lesson is UATG trying to teach us?
They raised the money for Hygieia months ago maybe longer. How else could they have begun manufacturing and completed R&D months ago? Why would that mean they are raising money now or diluting now? How is there ANY dilution when the authorized has been the same for years? I think you are the "spun" one what ever that means?
This is exactly the problem here folks. I have been saying this for some time now. There really needs more effort into getting a better understanding of the market and how it works. It would also help if those who are confused either ask questions here or call the company. If you have never run a company or a public company or have had to raise money then there is a good chance you could benefit form calling the company and asking to speak with someone who can explain things. If not you are only hurting your own investment as well as the rest of us.
Name one circumstance in life where panic is a good choice?
Tyaz, what past? Mr Umbra has no past running a public company and his previous private company made him a millionaire with no investors. He used his own money to start UATG. The mistake he made was trusting three con artists to run a sub company he bought and when he found out he fired them. I am very familiar with the story having lived it and been a victim of their con. When Mr. Umbra came on board he removed them shortly after. They came from a company he bought to go public not his inner circle. This part I know a great deal about and spent alot of money verifying.
I have also verified that he has not sold any of his shares and he has stated repeatedly that no one in the company is allowed to sell.
In addition, if he were to sell it would require and 8k filing that we would all see.
How do you get that the CEO is planning more dilution from my post? Also, what dilution? sort of ridiculous
This company is NOT going bankrupt! They just completed funding for the Hygieia line obviously. That just doesnt make any sense. Manipulation?
One more thing. I did ask about news coming out and he told me that apparently a few people have contacted the company asking that the company put more news out. He laughed and said the company will always put news out when appropriate. He also said that he will not put news out just so traders can make money on pumping and dumping. He said those so called traders are going to learn the hard way that making money through manipulation is no way to invest their time or money. He definitely seems to be aware of whats going on and he definitely does not care for it.
He also said in reference to news that more Hygieia products are on the horizon so I should continue to check the website because they wont always put out a press release for new products. I asked for time frame on new product release and he said "weeks".
I spoke with Mr. Umbra briefly last night. He called me just to check in which he does from time to time. I still find it surprising that a CEO would call shareholders directly. I cant fault him for caring about his company and its shareholders. I shared with him my frustration about the PPS and the the timing of the S-1. He assured me that audits while complicated are wrapping up. Once complete, the independent auditing firm they retained will take over and conduct their own audit. He now expects the S-1 to be Q1 of 2018. He also mentioned that the first shipment of socks are in customs and should clear this week with delivery to customers beginning next week. He explained that the first run of socks was done outside of the U.S. because of the costs associated with manufacturing particularly the cutting and sewing costs. Apparently the most expensive part of making the sock is in that stage because there are very few in this country that do it. He told me that the Hygieia technology is manufactured here currently and then the thread is sent overseas. He expects that all Hygieia products will be made here in the U.S. beginning in the next several weeks. He is apparently in the process of finalizing the agreements and securing the appropriate manufacturing site here next week.
I wont go into details but he did demonstrate an uncanny understanding of traders in the pink sheets and I I have to say he does seem to have pink sheet traders pegged but good. He asked that I be patient and not to get too worked up about penny stock traders. He expects that most of them will fall by the wayside once the price goes up. I once again asked about a reverse and he said that wont be necessary and for me to get it out of my head. He is not fond of the idea and I think I irritate him every time I bring it up.
I have to say that every time I speak with him I do learn something and am often surprised at the breadth of knowledge he has over so many things. I definitely knows alot about what he does which is comforting but I still worry that the previous folks screwed this thing up so much that not even a CEO like the one we have now can fix this. Only time will tell but at least Mr. Umbra seems very confident that the company is still on plan and on track to uplist. I just dont know how hes going to do it.
I did ask if he was merging with another company and he gave a very odd answer. He told me that "their were many ways to get from point A to point B and that he intends to explore all of them if for no other reason than to add to an existing strategy". He wouldnt expand further on that and to be honest I have no idea what that answer means. I guess we will see.
You can call office, send email to company, email IR or call IR. I highly doubt the CEO does any social media. How could he possibly have time for that. Go straight to the source if you want answers. JMO
Is it my imagination or do we not have some folks here calling for UATG to make more announcements that they are doing something else almost every week? If the company is actually raising money then shouldnt everyone be happy then? That would mean they are raising funds for operations correct?
Aside from the unnerving ignorance to want a company (a start-up company at that) to put several products out all at once or do so in just 3 months, it just makes me scratch my head why anyone would put their hard earned money into a company and then presume the worst about the companys intentions.
Just keep in mind that AAPL doesnt even do what youre asking and they are worth over $800 Billion with $240 Billion in the bank. There products are everywhere. Globally. You are literally asking a small pink sheet company to outperform product output, earnings and news output than the most valuable and successful company in history!
I cant be the only one that understands this. Tyaz, help me out here!?
Im starting to understand the Pink sheet problem. Inexperienced traders misinterpreting how public companies operate and how their structure interacts with the public markets. Dilution is not even close to what is happening. A shareholder could have finally had his legend removed, a shareholder could have converted from preferred series holdings, company could have been working with institutional investors with options or warrants. They could be structuring a dividend to curb the shorting or it is possible they are restructuring to match a cap structure from a merging company for share conversion. I have been saying for a while that the only way I see UATG getting to the PPS they need to uplist is merger or VERY big contract with government (or major sports brand but unlikely IMO).
I have also said several times that people really need to educate themselves and do their own DD before spreading panic. It might be helpful to let the CEO of this company do his job WITH our help so we can see what his plan actually is. I for one really would love to know how hes going to pull this off but I am giving him the benefit of the doubt because he has done everything he said he was going to do so far. He said he would have things wrapped up by the end of the year and uplist begun by Q1 of next year. I would really like to see that and if we can help him we should.
Besides, 11 million shares!? You cant be seriously worried about that. The company trades that in a week! We should worry when we see half the authorized increased at a time or if authorized doubles! Thats when you should hedge. Anything else is a company honoring its previous fund raising commitments or is raising money again which would make sense considering they are launching more products.
Its a holiday. Trading is always slow on days like this
I dont use Short Report. I dont view it as consistent enough or nearly as accurate as it needs to be. See here:
http://shortsqueeze.com/?symbol=uatg&submit=Short+Quote
Its not dilution. Look out the down trade patterns. Large block to get it going then a small block to drop it.
Shorters are working and covering. Looks like selling because it is but dilution doesnt look like this. Its manipulation. Short interest is up
Bid is once again locked. Maybe everyone is figuring out that selling at such low prices is insane. Hopefully traders are realizing they can make real money by holding a few weeks. If everyone holds for a few weeks this stock will go above a penny. Especially when the socks start shipping
From speaking with Mr. Umbra he comes across very focused, patient and calculating. He definitely has a plan, although he doesnt really like to share too much, and seems confident that what hes doing will work but I have to say again that I wish I knew what the plan was and what the timeline was. I will be patient but am cautious about being too optimistic. The first quarter of next year will tell us a lot so I am holding on to see what March brings. If everything follows logic with this company the full Hygieia product line will be out by then and the other products in other divisions should be announced along with revenues by then. They should have filed their S-1 by then as well so that will be HUGE and hopefully the stock price will reflect that!
I think selling a division would be short sighted and counter productive to what the company is trying to do. They made this silver tech thread for military applications and made the Hygieia product line just a way to have it generate revenue while they make the military stuff they cant sell in volume. He bought Rigid and released the implant for the exact same reason. Same thing when they bought Elements Energy to make the battery for special energy type weapons. There is a pattern here. They have tech for very specific secret project purposes and then take a portion of that tech and apply it to something they can sell in mass quantity. This is just the beginning in my mind. I suspect we will now see the other products from Greentech and biotech be launched such as the wind turbine and the implant or Clearview. To me all signs are pointing to the launch of the biotech and Greentech stuff. Obviously Clearview and Apex implant are coming VERY soon or else they would not have released more information and videos on them. If I had to wager a guess, I would bet on a Greentech video coming out soon and probably around the time they announce the release of more Biotech products.
Hygieia product line launch will probably continue through the end of the year. They have so many products that they can make with this tech it seems almost limitless. The treatment to paint (maybe they are going to call it Hygieia Paint?) could literally make this company $100's of millions of dollars with hospitals, clinics, government, military and even regular retail outlets. Imagine Hygieia paint being sold in every Lowes and Home Depot!
I just dont see how they can afford to let it go
Hygieia Care Instructions. I seem to recall a few people asking about whether or not you can bleach Hygieia materials. I was on the website ordering more socks for few associates and noticed this right on the website. Cant say those folks dont have a sense of humor! I got a good chuckle from a few of them. Heres a copy from the website under frequently asked questions https://hygieiasport.com/:
TAKE CARE!
These are the most advanced socks in the world. We thank you for purchasing our socks. Your spouse, friends and neighbors thank you for no more stinky feet. Seriously. They called us. Please take a look at the care instructions below so you can enjoy your new socks for a very long time.
MACHINE WASHABLE
Please use cold water washing setting to get your socks fresh and clean.
DO NOT DRY CLEAN
Dry cleaning your socks may cause them to fade, pill ball, shorten the garment lifespan, decrease the antimicrobial efficacy of your socks and make your socks hate you.
DO NOT IRON
Who does that? Socks? Really? You may steam them gently if you absolutely cannot control yourself.
TUMBLE DRY LOW
After a refreshing wash, you may tumble dry low or leave the socks hanging outside to make your neighbors jealous.
DO NOT BLEACH
Honestly, under no circumstances should you ever bleach HYGIEIA products. Seriously, the world will end!
DO NOT KICK KANGAROOS
Just wanted to get your attention. As mentioned above DO NOT BLEACH your socks. EVER!
This looks like it could actually be a good fit with another company I am in that has a new battery. Ticker is UATG. Is anyone else in this stock and have you heard anything about a possible merger?
This looks like it could actually be a good fit for another company I am in that has a renewable energy division. Ticker is UATG. Is anyone else in this stock and have you heard anything about a possible merger?
What more news can we ask for? They launched the product and when they start shipping I am sure the company will announce that but I dont think putting news out for the sake of news and stock price is wise. It will just look like they are trying to pump the stock and are just the typical penny company. We need real progress. No more fluff to fill time and push share price. Apple and Google dont put out press releases every week. If this company wants to uplist and be a NYSE company then they need to start acting like one. Just my opinion
The TA info is:
http://corporatestock.com/
Odd to name yourself Smitty right? the slang use of the word is very flattering and the name is old English for a blacksmith. Anyone outside the U.S. can basically short a stock on the OTC while the rest of us can not. Would make sense when you consider his the up and down attitude towards UATG. Curious. Maybe I am just paranoid