Slow and steady wins the race
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UATG has thousands of investors. How many are on this board? 20? 30? we need to attract more shareholders to this board so we can get more information in. Anyone have any suggestions on how to do that?
Most likely a cross for clients or the MM themselves. How else do you explain that volume after hours? MM's probably covering a short and setting up tomorrows trades for the upswing profits and then another round of shorts. Been a pattern for months
When it comes to T-trades the only requirement of MM's by FINRA is that they must report all trades within 2 days or before the open next trading day (Trade+2/T+2). They are not required to do so when the actual trade occurs.
To avoid creating “an unbalanced market”, MM's often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor.
If a market maker wants to accumulate a large amount of a stock in one trading day, that market maker may actually not report any of the trades that occurred until the trading day has ended so as not to alert the market to the collection. This is completely legal under the FINRA rules of the OTC Markets so long as the trade is reported within a day.
To execute a "Market on Close” order, a MM may have an order to purchase the stock at a certain price at the end of the trading day. This is the most unlikely scenario because it needs to be assured that someone selling the stock and someone buying that stock are agreeing upon a price. This is a "cross" and is indicative of manipulation IMO by someone
The T Trade that the public sees is nothing more than one or all of the above scenarios. The T Trade reported at the end of the day or T+2 can be from one MM or many involved MM's. It can be a single purchase price but is usually an average of all of the previously unreported purchases from that business day.
In addition MM's are not required to honor their offer price. The OTC market is essentially a “best offer” market. If a buyer meets the asking price for a security, the MM can, and often does, decide to rescind the offer, not sell the security and adjust the selling price.
For more specifics:
http://www.finra.org/industry/notices/17-19
1.2M shares after the close? Sure looks like a t-trade to me or at least a cross down. MM's are not required to file form T same day so it would not necessarily be labeled as such immediately
Another T-trade!? This has to be a record. clearly the MM's are setting up shorts. This is not going to stop until UATG posts revenues
What does that mean? Do you actually know something or just blowing of steam?
E-trade flippers out in full force again. Pushing stock buying down to make a fraction of a fraction of a penny. I tend to agree with Smitty that there are little to no investors in Penny stocks. Mostly flippers.
I have never seen so many T-Trades on a stock in all my time investing. UATG gets a couple every month. Maybe I am paranoid but it does seem like the MM's have an interest in manipulating this stock more than most. OTC either has lost control of their service or is a part of it. No other way for me to see it.
You should email the company and explain that you are deaf and would like your email forwarded to Mr. Umbra because you tried calling but were unable to communicate using the sign language system. I am sure he will respond. Hes responded to everyone else
Well said
That's not entirely true. When we were first told about this new textile my partners and I researched this extensively and questioned the company about it. In fact we helped fund a portion of the research during a private raise they did. Now we didn't put too much in because of what we already had been taken for by the folks that owned Intrepid Holdings before being bought by UATG but it proved to be a good idea. If you go back 4 years or so, no one was really looking at silver as an additive to textiles in retail clothing. That much I can tell you for certain. They definitely had the jump on folks. Now there's a handful of folks doing it with some sort of nano chemical application. It's a short cut to what UATG is doing and like most shortcuts doesn't last. What UATG does from what we have been told is a different process for different applications. They actually have two different types of silver that they use. One is a silver thread they put in the fabric and the other is a silver on a microscopic level that is in some sort of plastic I think and is somehow attached to the actual cotton fibers and then made into a thread. The plastic one is for wicking and the other one is for electricity, transmitting information and antimicrobial I believe. At least that's the information the company gave us a while back to the best of my memory. As of right now I know of no company that uses two different processes for different specific applications although there are 2 sock companies I know of that use silver and they have bad reviews. I bought one and they literally fell apart just like the reviews said and they charged me $20 for one pair of socks. This company also makes shirts and underwear but after the socks I was not willing to spend money on more of their product. I'm pretty sure what I was going to get. I can tell from having spoken with the CEO of UATG that he is aware of his competitors and as he said is not worried.
There is also one company doing sheets with silver. They are $200 and when I got those they looked like a child had sewn them and not even close to being as soft as the website said. They were a startup (1 year ago I think) and were really bad. I doubt very much that Hygieia sheets will come that way or cost that much.
I have not found a company that makes tactical clothing, nurse/doctors uniforms or specific items for the medical field. When I spoke with Mr Umbra about Hygieia they were working on a design for hospital privacy curtains that had some unique track system for removing and quick disposal. Apparently hospitals don't wash them and most just dispose of them. They get contaminated within the first day and are a contamination problem. He told me that when he visits people in a hospital he won't touch them because of what he's learned about them. He also said there is a government contract for antimicrobial sheets and at that time (a few months ago) there was only one company doing them. He knew the company and who was supplying them with the silver. He also knew that their costs were higher than his. He is very knowledgeable about this stuff and his competitors. The one thing I have learned about this CEO is that he really does his homework and has access to a lot of information.
That's all I can think of now but thought everyone here might be interested in knowing what I have found. I have done a lot of DD on this company and it's products. If they do everything they promise they will a power house and I will make my money back many times over but if they don't we all lose.
I have said this before, this company has taken on a lot and although they are doing one thing at a time and seem focused I still am nervous about their ability to deliver. It's just such a big mountain to climb. I do wish them luck and have supported them the best I can.
This isnt a "game" to some of us. Some of us actually invested in something long term. That doesnt mean you dont have the right to "trade" but is also doesnt mean its ok to "play". You ever think about the employees at the company working every day? Or UATG's CEO working to fix a problem that short sighted people created while battling so called traders? Or how about the rest of us that have alot of money in this company and would like to see it be successful so we can get our money out? I am sure why you can see why some might not be so receptive to your strategy.
Thats a really good point and addresses Tyaz question about sales and marketing. Clearly government contracts are what they are focusing on or banking on. Maybe we will be getting an announcement on a government contract soon? That could be a real game changer for this company as long as the contracts keep coming and they are for many different Hygieia products because even if he sells 100,000 socks at $5/pair, it is only $500,000 in revenue. A good start but not enough to get us into dollars share price.
These products may have similar competitors but they are also less expensive and supposedly better quality. Many products have competitors but that doesnt mean its a bad product or that it can not be profitable. Look at the smart phone market. Seems to me that all those companies are doing well
Tyaz makes yet another good point. How do they intend to market these socks if big box stores are not what they want? I assume they have a sales force because that is what was previously stated but maybe its an ecommerce sales force for the launch and then as sales grow they will take on the liability of having to buy back "inventory not sold", under a Walmart contract. At least thats how Mr. Umbra described how a Walmart contract is structured.
I also suspect that Hygieia will be very popular in the medical field with diabetics which is something that has been mentioned by the company. That would be marketed directly to doctors, clinics, hospitals and medical supply chains as well as online. What we do know is that UATG has a sales force in place for medical devices because thats how they support the servicing of those customers they had to keep supplying the original ClearView to. That was part of the Rigid Orthopedics purchase contract when they bought the company. I know they have since kept those sales to a minimum because they were repackaging and releasing the next generation of the device. I also think the original cost to manufacture the device was too high. Something Mr. Umbra seems to be very sensitive to and good at reducing.
Tyaz, do you actually "know" that the company has no sales force or are you assuming. It seems doubtful to me that they would not have a sales force in place.
I am assuming you are being sarcastic but if you are not can you please confirm that you do or do not have in your possession Hygieia sheets so we can know if that is the next product they are launching?
Clearly. Its all about the money isnt it
Smitty I have no idea where or how you took my comments the wrong way but it is suspicious to say the least. Not sure how I can clarify this any further but it seems to me, based on my personal experiences, and what I have observed that the young people of today wear low cut socks down to their ankles. I furthered referenced the market research that the company said they did that must have indicated that white low ankle socks are the most popular. No where did China, hoax, bulk orders or fake socks that are not made up of a special antibacterial thread or that UATG is perpetrating a hoax.
All of my grandkids and both of my sons wear these low cut style socks with their shorts in the summer. I don't wear that style but apparently the young people wear that now. They said they did market research and the only socks available right now are men's low socks so try obviously think that's a pretty big market.
What makes you think that there are only 13 orders. If they are going chronologically, which to me would make sense, then they have sold several hundred orders. I dont think we can really estimate how many pairs they sold because some could have bought more than one pack and each pack has 3 pairs. if they have a hundred orders, thats at least 300 pairs minimum. That is not that bad for a startup imo
When I spoke with him he said they were not going after big retailers like Walmart because I believe they buy big orders but force you to buy back what they dont sell.
I specifically asked about the gun and he said they didnt release it last year because of the anti-gun and anti police movement. He didnt want to risk some nut job using the rifle in a shooting and have the company branded an evil gun maker. He said the first 1000 rifles were already "spoken" for and that they would initially be released to government in 2018. I asked about shareholders and he said they would most likely be the only "civilians" he would sell to and even that would be temporary. I dont think he wants to make the gun a retail item outside of government because hes worried about company image.
I posted most of this stuff a while back when I spoke with Mr. Umbra or maybe in an email from him that I posted. I cant remember which.
Well at least you ordered and supported the company you are invested in. What about the thousands of other shareholders? I guess we will have to wait and see what happens after they begin advertising. Once I hear that the socks are in and I receive my socks I will buy another 3 pairs and see what the order numbers look like.
I also think its a mistake to think a company with no retail presence would take off right out of the gate. No one knows who they are or what they make. They are a small pink sheet company that has not produced a product yet. They are essentially a startup with no brand awareness which is why I said it was going to take a long time to get to where they want to be. Of course, if they have something lined up like contracts then that changes things but order numbers are not going to show that I wouldnt think
He specifically said the were not beginning the marketing campaign until socks were in so I do not expect sales to be high until they start shipping socks from their offices. The real question is if you are correct and sales are not doing well, why are the shareholders not buying the socks?
Has anyone seen this? Socks on the way! My wife just sent this to me.
https://www.facebook.com/Umbra-Applied-Technologies-Group-INC-UATG-265502490241809/?hc_ref=ARQxQS6gi-3wxIU0W0BJ8M0jj7yP0_emeAnnWm90ae4vdFGQscmPfIM4oLWdepyZljU&fref=nf
Reaching a penny by the end of this week is a tall order in my opinion. As for a buyout, how can that happen with no sales? It will be months before they can merge and that would mean a lot of legal work which takes time and then of course both parties have to agree on everything. I have been through this sort of thing before and it's slow. I also think revenue has to be in place before you can come up with an evaluation unless it's strictly going to be done based on intellectual property. If that's the case, then it will be a low evaluation right? Can't be more than $35M?
Obviously the company has something up its sleeve and everything points to a merger but we still need more information because we are definitely missing some pieces here. I know big companies buy small start-ups and a contract with DARPA or military could even increase share price but it would have to be a multi- million dollar deal. Even a $100 million dollar deal, like the one some speculated on (which I find very unlikely on socks or medical devices), would only increase the share price to around 0.30/share. While that would be great it's not NYSE territory. That's why a merger seems more likely but who knows, maybe he has something planned that incorporates both a contract and a merger? That would be impressive for sure.
Bid is locked and Ask is stacking. Be interesting to see who breaks first, the sellers or the buyers. A bit of a standoff here
I am speculating of course so lets not loose our heads. We need to really think about the possibilities, what fits and what makes sense. I spoke with a few people about this and they seem to agree that a merger would be the fastest and easiest way to get the company share price up and company uplisted unless UATG is sold to an already existing NYSE company. Then they dont have to go through the uplist process. One of my partners is checking to see if Apple or Google has made mention of any tech similar to that owned by UATG or if they have any recent patent applications similar to UATG tech. Both companies are known for buying up smaller tech companies so maybe the long shot will pay off
ARCA is NOT a market maker.It is an NYSE exchange partner that completes trades for a fee. Usually pre-arranged. NYSE Arca appoints Lead Market Makers (LMMs) for ETPs (Exchange Traded Products) with a primary listing on the exchange to meet defined obligations in exchange for incentives such as lower transaction fees.
This is potentially significant considering that Mr. Umbra has always said he intends to eventually up-list to either NASDAQ or NYSE but clearly has always favored NYSE no matter how many times he has said he is not sure which one he intends to go to. If he has already begun preparations to up-list to the NYSE then he obviously has something very big up his sleeve because minimum share price to up-list cant fall below $1/share, must have $750 in last fiscal year (depending on standard), must have $5 in assets and $4M in shareholder equity.
There is only one way that is happening and a RS is not it. Clearly a merger is on the horizon. At least we now know what the most likely plan is and why hes been so confident about up-listing. The question now is, who the heck is he merging with and just how big are they? It is known that Mr. Umbra frequently consults and meets with some of the largest defense contractors so I wonder who it could be? I can tell you this that from my conversations with him, he owns stock in all the major contractors that are on the NYSE so maybe that could be a hint as well. Very interesting development.
I just received a call from Mr. Umbra and he was asking me if I voted for my favorite video. I didnt and that was embarrassing. He asked me to vote and then asked me which one I liked. He said he has spoken with a few shareholders and would be calling some of the shareholders who voted directly. So if you havnt voted and want to speak to the man himself you may want to vote because he is calling shareholders to get their opinions and hear what they have to say.
Details fellas. I NEVER said I bought at $1! Ever. I said my initial cost basis was $1. This is how rumors get started and then everyone blames me for the stock price going down. The stock we were initially given is held in certificate form. All of us have also purchased additional shares in the market to reduce our cost basis.
You are correct. My partners and I were fools for investing in Intrepid. The jury is till out on whether we are fools for believing in Mr. Umbra. So far the guy is doing a good job but thats not the concern I have. My concern is whether this CEO, regardless of how talented he may be, really fix this company? Like I said, I have no choice but to wait and see but I the clock is ticking
If I worked with Mr. Umbra and wanted to get myself out of this mess the company would be doing a rs and I wouldn't be on here complaining about how the company wont do one! This is known on this board and is something everyone got upset with me over. I understand to a certain extent why but accusing me of manipulating the stock down is just absurd. Why in Gods name would I want this stock lower!? Just crazy
Cede & Co is a clearing house that is in place to hold shares for bank, brokers and institutions or execute DTC DWAC instructions. When you buy or sell securities with a broker, your name is not actually on the stock or bond certificate. The name that appears on the certificate is that of your broker, or what they call "in street name". Its not one person but representative of many shareholders positions.
UATG has institutional investors. They said so in filings and press releases so it stands to reason that the shares held in street name are with those investors that have obviously funded the company.
Its virtually impossible to find out who actually owns the stock held in street name. Even the SEC has trouble getting access to it legally.
I invested in Intrepid Holdings. When they were acquired our equity was converted to UAT Group but was grossly miscalculated because of a false reporting of the previous company's assets sheet. Intrepid was not as valuable as they pretended to nor were they sophisticated enough to make something of what little they had. We put up over 1$ with Intrepid and they were completely full of it. Something I think Mr. Umbra found out the hard way. Long story short, Mr. Umbra converted our equity fairly and gave us each a significant block of stock that was closer to the actual equity we paid for. As for specifics I can not get into that because its not just my personal information but includes others so I wont speak out of turn
Tyaz, if this stock is not uplisted and trading within minimum requirements by mid 2018 then I will be selling everyone of my shares and be done with the OTC. Thats a promise. Might be a good opportunity for some of you fellas to buy right after then because price will definitely go down if that much stock hits the market at once. Let me tell you that!
If youre holding 5,000,000 shares at half a penny you have $30k in stock. I would much rather have 500,000 shares at 50 cents. Point is, everyone seems to be "loading" millions of shares while continuing to buy low. Exactly when is the stock price going to go up if you keep supporting a depressed market and allowing others to sell to make 1 tenth of a cent at a time? not really a long term strategy if youre doing that which means youre not really investing in the company as much as you are an opportunist. There is nothing wrong with that but you should at least identify as that and not intentionally spread negative info to those who are in long term. Just my opinion and how I feel about that sort of thing
I disagree. Since when are red days good? Ever? Besides, this company has enough red days. 4 years worth by my estimates.