All of my posts are only my personal opinions and should never be taken as fact or advice by anyone.
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Shareholders want their money back
Do something scumshit...shareholders want their money back
Whoaaaa, they're back to selling vitamin packs, we're rich
Lmao
Weirdly high volume today, but close at 0007.....if I had to guess it's just bottom feeders playing the chart at this point. May settle here or drift back up to 0008-001 range, will see
Ehh this has been bouncing from 0005-0006 to 0010-0012 for a very long time....imo it'll bounce back up shortly but we'll see.
Don't forget scumbra is gearing up for another big pump soon, he is going to announce those 36,000,000$ in revenues from water purifiers and acquiring nextcast. I will be exiting in the 0014-0016 range
Shareholders will be lining up to sign up to receive compensation for damages once the class action is announced......millions are owed to shareholders.
https://www.otcmarkets.com/stock/UATG/news/Umbra-Applied-Technologies-Group-Announces-Change-In-Dividend-Policy?id=175643
With this kind of evidence literally 1 click away (let alone all the sordid fraud and criminal activity scumbra is engaged in behind the scenes), I wouldn't be surprised if this guy tries to change his name and flee to Mexico lol. Doesn't matter....debt collectors will follow him. You're done, scumbra. Your career and standard of living will be all over soon.
I actually hope the SEC doesn't shut this down too fast, so that we can see what fresh fraud scumbra commits to try to keep this scam going. Keep incriminating yourself, shit head. Keep breaking the law....keep making your jail sentence longer. It's coming
umbra probably isn't his real name.....doesn't matter, all the dirty details will come out in the court room. It ends up the same way no matter what...scumbra in a jail cell, liens on his house, car, everything.
Scumbra is DONE
You guys do understand that this is a defunct shell, right? It should be in trips right now
Everyone I contacted that actually knows scumbra has confirmed that he stole from them. Soon he will be in jail...and worse
SEC notified that Alexander L. Umbra is currently engaging in stock manipulation, stock fraud, and more.
Spoke with some acquaintances, scumbra is well-known in many circles as a liar and a conman. Many are interested in a lawsuit.
SEC is going to tear this lying piece of shit a new one
Scumbra can take his fake laser guns, fake medical devices, fake drones, fake water purifiers, fake power pads, fake blood bags, fake wind turbines......fake 100s of bullshit "products".......and shove them right up his a**
Just like other things when this crook in is JAIL.
That's exactly where this piece of shit is going to spend the rest of his life
Yeah well it doesn't favor the stupid who keep buying into obvious conmen's obvious lies year after year dude.
Scumbra is going to finish his life in jail at this rate.
That's not even true, the CEO puts out a letter to shareholders full of lofty promises every single year and the stock doesn't even break out of teens. As in 001s. We're in trips after the guy announced 36,000,000$ in imminent revenues, because no one believes him, he has no credibility
If Umbra were dead nothing would be different for UATG. That's literally true as far as the stock is concerned, think about that. Do you have any proof the company even has an office?
Who believes his bullcrap anymore lol....last call to sell millions of shares for a few hamburgers lol. 0006 on bid. 6 ticks from no bid. What a failure
Where is the money? Show me the money, or what? CEO was talking about millions in revenue 5 years ago....looks like he's gone from being a liar to being a mute. What is better, lol?
Yeah ok the only relentless thing here is the relentless pile of NOTHING the company keeps delivering
Financials?
Products?
Communications?
Not for years
Defunct
2 minutes left to sell to the 0006 bid. Last call to sell a million shares for a couple cheeseburgers lol
The world probably will come out of this changed. Obviously I'm not saying it will be extreme, but this will probably end up becoming a paradigm-changing event which strongly informs discourse for years to come. Sortof how something like 9/11 became a political center for over a decade
How many products a year should a company with over a dozen products on its website waiting to be released put out?
boy oh boy the suspense is just killing me....lol......
Lol yeah I'm sure, just like the boxers have been 'sold out' for about 3 years
This co is too much
Market cap, not revenues....revenues at present time were reported 11M for 2019. 5.5M so far in 2020....so depending on coronavirus situation, looks like we can expect 5.5M-7M for 2020 bc cafes are closed.
Hopefully the analysis makes more sense with that clarification
Honestly I would probably like to buy this at .004 - .006 $. I thought about it and I think that is fair value.
Currently FUNN basically has 2 market segments of consequence -- cafes and publishing/fulfillment. The cafes are averaging 2,500,000$ per year, and the distribution is highly seasonal and variable, and low margin. The publishing will, hopefully, in the future bring those average margins significantly up.
So where we really _want_ to see FUNN in say, 3 years time, is something like having 15 cafes open and running, and a decent portfolio of self-published games selling along a large portfolio of fulfillments for kickstarter and othersr throughout North America. Revenue would be about 45M annually in that situation, and, depending on the growth rate, the market cap would be somewhere between 150M and 300M.
Under normal conditions, at this rate of growth, this company would probably trade for 30M - 40M. So 3-5 cents per share.
But, the company is plagued by a number of things which is why I would never buy this at 4 cents right now:
- Perennially delayed financials
- Low growth/execution--they couldn't crack 1 new cafe per year in a bull market, why should they crack it in a bear market?
- Too many costly side projects eating up profits that should be reinvested into Snakes alone (Gro3, NSI, distribution.....)
- Inexperienced/inept management (Almost all the equity is in Roger's hands--a random guy? The actual founder of Snakes has a 2% stake. Don't even mention Ambrose...)
- The cafes are literally closed and will not reopen anytime soon. Revenue is going to be lower than 10M this year, and currently revenue is probably near 0.
- There is a risk people's attitudes change after this virus; will there be as much demand for public gaming, cover charges, etc? Who knows
- The unexplained dilution/losses...almost 25 million shares were being diluted every quarter for much of this year. Why? For what? Where are the new cafes or other initiative to justify all those shares? It's most likely just debt converting--massively bearish.
And the biggest: in this pandemic environment, we must consider the risk of BANKRUPTCY. That they simply can't meet payroll, can't pay the rent, can't afford admin, can't service debt, simply can't continue the business because COVID-19 has closed the locations which represent the vast bulk of revenues and profits here. Since it's a pink sheet/public, it probably won't be a straight BK, but this scenario would instead end with toxic debt spirals (billions of shares issued at triple zero levels to meet short-term funding needs). In other words, a total loss.
That risk is high--in the latest financials (lol), cash on hand was 120k...this company has 200+ employees right? How long is that going to last in this environment? The company has also not reported a profit in recent memory. They've been raising money at .02, .03, etc...they can't really raise money anymore because the stock is at .01.
So my gut tells me--Snakes is going to survive and ultimately thrive in the future. But at what cost? They don't have 2.5M in the bank to cover expenses for sure during this volatile period. They don't have the track record of growing locations on a tight budget. They don't have the connections to wall street or high finance like the CEO of Shake Shack did. All of these things mean, in my opinion, that the road to 15+ cafes is going to be slow, and it's going to come at the cost of significant dilution, at least at first. I believe by the time this company reports 50M$ in annual revenues, there will be vastly over 1B shares out -- if you include preferreds, there are already over 900M.
So, where is the upside in buying shares at 01, 02, 03, considering the significant risk of stagnation or even going to zero? What if this company makes it really big in the next 3-5 years, and hits a valuation of 300M (wow!), well...with total shares out at, say, 1.4B to achieve that growth, PPS would be 21 cents. A 10.5 to 21x return, over 3-5 years, or an annualized return somewhere between 175% and 60%. Sounds great, but not really when you consider that a) the chance of that being a 99% loss instead is seriously high, b) the chance of that stagnating because Snakes continues opening barely 1 cafe per year and diluting at a fast rate than growth, and c) unlike the past few years, not everything is crazy overvalued...I could buy SPY right now and make 2.3% + capital gains, why should I fish for an OTC pink when bargains are everywhere? I think SPY and others are still overvalued today, don't get me wrong, but in this environment pinks need to be offering BIG potential returns to be worth a look.
If I'm going to be buying a RISKY pink stock, in this environment where bargains abound and cash is king, it better be at a GREAT price. Not a 2x 2020 revenue price. Not an optimistic 'it'll make it eventually' price. The kind of price where if I make it, I make it BIG. That's the only way I'm investing in a cafe chain startup with 4 closed locations during a global pandemic and bear market, headed up by questionably-savvy management.
tl;dr ... Today's market cap of 10,000,000$ is simply way too high for a company which has a high risk of bankruptcy near-term, has a long-standing record of stagnant growth and bumbling management, and has been diluting like crazy in a _good_ market environment, unlike the bear market we're now entering. Yes, there is that chance that Snakes goes big and OS remains reasonable--total return of 1,000-5,000% from these levels. But Roulette also has a good return if you're lucky. 10M$ is way too expensive for these lotto ticket shares right now. 4-6M$, (or 1x what 2020 revenues will be) is more reasonable in my opinion.
So I'm a buyer at .004-.006 -- not buying anything higher than that.
It's difficult for scumbra to even wipe his *** after crapping out his latest shareholder letter
Lol it doesn't exist....scumbra is a lying conman
Lol wonder if scumbra is actually going to pump this one too....whattascamm
Hard for a retard like scumbra I guess
Face mask with Hygieia ASP so it not only filters but is antibacterial.....wooooaaahhhhh such a hard concept
Let's see how much farther he takes this scam
Lol that would really be peak scumbra stupidity if he literally got into MJ hahahhaa
Wouldn't put it past him though. Lowlife liar