Slow and steady wins the race
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If you think I am diluting shares then ask yourself how I do that with a cost basis of over a dollar? I am all in! What choice do I really have at this point? So I wait and pray that Mr. Umbra does what he promised and I pray everyday that he knows what hes doing. My retirement is counting on it
Not an insider but have been around since almost the beginning with more than $300,000 invested in Intrepid Innovations before it was acquired by UATG. The folks that got me and a few others to invest were not as honest as this new company. I have spent a lot of time and money looking into this new company and the folks that run it. We were going to sue the original folks but its easier said then done. A close friend originally spoke with Mr. Umbra just as he was beginning to figure out what his new associates had done. Mr. Umbra gave his word that he would take responsibility and fix it. So far hes held true to his word. Believe me if there was a way to get the original guys we would have. Mr Umbra is our only shot at getting our money back.
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. The real test will be how well the hygieia products sell, how much revenue they generate, what their margins are and if they are able to scale up across all six of their hygieia products. Only time will tell
I have a former business partner in Las Vegas. He is going to stop in on Everest Corp today to see if there is an issue. Give him an hur and he will get back to me
Tyaz, How did you buy at 0028 a few minutes ago when the stock hasnt been 0028 for weeks? Its starting to become aggravating how you try to play games with other peoples investments.
Low volume day. Hopefully MM will bring up their ask and some folks will start buying on the upswing so we can get some momentum back and get back to liquidity. Disappointing but not entirely bad. Clearly wallstreet is waking up to UATGs potential.
The bid is locked. No one is going to sell at 44. Everyone caught on that this stock is seriously undervalued and the company is about to do something big. MM will be forced to raise the bid. Only question is at what price are people going to be naive enough to sell? I think as soon as it hits a penny people like Tyaz will sell and then we will have some breathing room to grow. Glad I bought more last week
Wow! That was fast! I guess when the CEO himself calls things happen quickly!
Share Structure
Market Value1 $895,235 a/o Aug 30, 2017
Authorized Shares 400,000,000 a/o May 17, 2017
Outstanding Shares 259,645,032 a/o Aug 31, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 162,384,206 a/o Aug 01, 2017
Par Value 0.001
Email from Mr. Umbra:
Mr. XXXXXXXXXXXX
It was a pleasure speaking with you earlier today. I hope I answered all your questions satisfactorily as well as addressed the concerns of your fellow shareholders. I apologize for having to cut our conversation off before you had the opportunity to hear back from the other shareholders and relay their questions. If I missed anything or if new questions arise please do not hesitate to contact me or Investor Relations.
As per our conversation, I will be releasing a shareholders letter sooner rather than later. Give me the weekend and I will put the final edits in place for the letter I have been working on.
Also, I have noticed that OTC Markets has still not updated our outstanding share count. I personally just spoke with OTC Markets in reference to this matter. They informed that they just implemented a direct Transfer Agent feed so that companies no longer have to enter this data but admitted that they were a little behind in addition to receiving incorrect date from some of the Transfer Agents. I had them correct it manually and they assured me that the outstanding share count will reflect accurately within an hour or so. I hope this helps and look forward to our next conversation.
Respectfully,
Alex Umbra
Chairman & Chief Executive Officer
Umbra Applied Technologies Group, Inc.
2203 N Lois Ave.
Suite G400
Tampa FL 33607
United States
Tel: 888.926.4682
Tel: 813.607.6219
Fax: 813.614.9056
www.uatintel.com
www.uatgroup.com
www.uatgreentech.com
www.umbrabattlerifle.com
www.umbraexploration.com
www.umbraappliedtechnologies.com
Confidentiality Notice
This email transmission is intended for the exclusive use of the individual or entity to whom it is addressed, and may contain information that is proprietary, privileged, confidential or otherwise legally exempt from disclosure. The contained therein is protected by the Electronic Communications and Privacy Act (18 USC §§ 2510-2521), the Electronic Communications Privacy Act, 18 USC §§ 2701 et. Seq. If you are not the intended recipient of this communication, you are hereby notified that any dissemination, distribution, or copying of this communication is strictly prohibited. If you have received this message in error, please notify the sender immediately by e-mail and delete all copies of the message and any attachments.
He had to go but that call was over an hour! That man has alot of energy let me tell you. He was very personable, patient and waited for me to write things down. He said this call gave him an idea and he is going to talk with his folks about setting up a town hall to take shareholder questions. He seemed really excited about the idea of speaking directly to the shareholders. There was alot of information in that call and I am not sure were to begin but I definitely get the sense that something big is happening. He is VERY confident that the company is "right where it is suppose to be". It was strange to here how confident and happy he was that the company is doing so well all while being under a penny. Strange but I honestly do believe him. He clearly has something going on and hes definitely not going to tell us until its time. He did say that he thought that it was time for shareholders letter and had already started one. So watch for that coming out soon I am sure
Does anyone have any more questions for Mr. Umbra.? He and I are still talking but he has to go in a few minutes
Questions asked of UATG CEO
It was a lot of typing and even though he knew I was writing all this down it still went pretty fast so these are not exact quotes from Mr. Umbra but are accurate answers that I could get down quickly.
1)Are you planning further dilution? He responded, “Further? We have planned no dilution”
2)When do you anticipate uplisting? Application submitted by year end after audits are completed. 3)Audits should be completed by November the latest
4)Additional products? Hygieia casual ankle sock then athletic ankle sock the sheets then potentially a mystery product he won’t discuss. 2018 is slated for diabetic sock, underwear ClearView G2, Aegis and Apex. Sales on medical devices will probably begin in Europe then in U.S. Apparently there is considerable interest out of Europe for UAT medical devices with distributors already contacting them inquiring about be a licensed distributor.
5)Any contracts pending? Can’t disclose that at this time
6)When is S-1 Filed? We plan to file before the end of the year and we anticipate comments to last up to 90 days.
7)Any mergers planned? He is open to a merger if the right partner came along that could help UAT expand
8)When do pre-orders begin? September. Won’t give specific date but said there will be an announcement soon
9)What is the company’s cash position? UAT is highly leveragable and has strong credit. They have instruments in place, credit lines and he has personally guaranteed lines of credit. They have access to cash when needed and moving forward he will be keeping more cash on hand
10)What will be the marketing for Hygieia? Initially it will be social media and internet. Radio has a poor conversion rate and would be more for just branding which he doesn’t think would be a good use of capital. Magazine ads will be in the future and is planned for several products
11)Reverse split? NOT HAPPENING
12)How do you plan to uplist to NASDAQ or NYSE without a reverse split or a merger? “That is a complicated answer and not one I can go into right now. I understand the concern and see where it may sound like a pipe-dream but I assure you that this has been carefully planned, well thought out and has already begun. You have already started to see it in and probably havnt realized it. Increase liquidity and improved metrics is the beginning and it has been significant. This plan will continue through the end of the year. We will meet the requirements to uplist”.
13)What board are you planning to uplist? Plan was to uplist to QB but with recent changes made by OTC we will be looking towards the QX boards
14)How much debt does UAT currently have? “Currently we have approximately $375,000 in debt which is the most we have ever had. I took on more debt to support the Hygieia product line launch. We have targeted the added debt to be paid off by years end. I am not a fan of debt”.
15)Any plans to change share structure? Not at this time
16)When will Everest begin working? Already have
17)Total number of employees? We have streamlined and become more efficient since last year and currently have 16 full-time, 18 part-time and subcontract out to over 35
18)Do you have all the cash you need to launch Hygieia? “We have everything we need and everything is already paid for”
19)Have you looked at the message boards and noticed the comments? “I do not personally monitor message boards or comments but have been told on occasion what the sentiment might be”.
20)There are a few members on one of the boards that I belong to that have said they have known you for years and that you are a con artist in the penny stock market. How would you respond to that? “Well first I would caution lending much credence to anyone who hides behind a nickname as it were or behind what they perceive as insulation that the internet may provide. Then I would say that it is an unfortunate reality in the penny stock market that there are some bad actors that will attempt to spread bad news so that they may short the stock for a few dollars profit which is yet another example of why we will be uplisting. We must. As for any accusations from individuals claiming to know me and accuse me of being a con artist all I can say to that is I seriously doubt they know me at all. I speak with many people, many shareholders every day and will continue to do so. That doesn’t necessarily mean that they actually know me anymore than I know them. For any shareholder who is serious about a long term relationship with this company I would say that the good news is that those who seek to hurt this company through negative attacks will be going away soon enough if for no other reason than their greed will drive them to sell as the price rises and then they wont be able to afford to get back in. I have taken into consideration the cheap stock that is out there and understand the long difficult fight we are up against to get to where we need to be.
Just got done speaking with Mr. Umbra. The man was incredibly gracious with his time and actually seemed enthusiastic to speak with me. Just some initial thoughts, the man seems like he is definitely on top of his game. He’s clearly intelligent, very quick and comes across very genuine. He’s difficult to not like. He engaged me and asked about me and my thoughts on the company and what I thought about the job he was doing so far. That was a bit awkward because I have been with the company 4 yrs and am not particularly happy about how I became involved. I was honest and told him he doesn’t seem like the guys that originally brought me and a few of my friends in but I am waiting to see the proof. The original fellars out there in Kansas are undoubtedly criminals and should be locked up. Mr. Umbra agreed that ther were some “bad actors” as he calls them in the beginning and he made some mistakes in trusting some folks when he shouldn’t have. He quickly pointed out that those folks were gone and would never be coming back. He actually seemed quite irritated by them but wouldn’t, for legal reasons, go into it. Hopefully they are going after them.
Enough of my rant. I am an old man and that funny business gets me worked up. I have a lot of money invested in this company and I would like to see some of it come back. Mr. Umbra definitely gives me hope.
I asked him what he was doing in Texas and all he would say is that he had some business to attend to. When I pressed him if he was there for the Hurricane or for the research arm that they have there, he said he was “not at liberty to discuss it”. I asked him about why the offices in Texas were no longer listed on the company web page and he told me it was for security concerns. He then asked if there were any other questions or concerns I would like to discuss and I got the very real feeling that he was not happy about me asking so many questions about Texas and what they do there so I quickly changed the subject because I thought he might hang up. I told him that I was sort of representing some folks on a chat board and they had some questions if he didn’t mind taking a few? He instantly changed tone and sounded happy. He told me to ask as any questions as I wanted and that if I was in contact with them now he would answer them real time! I said lets get through the questions I have and then I would tell everyone that I was on the phone with you. He agreed.
I am still on phone with Mr. Umbra! I am posting our conversation summary now and he will take our questions live right now!
Call delayed 10 min. His secretary called me. He is stuck on another call. Anymore questions get them in now!
Good morning UATG! I have a 10:30 scheduled call with Mr. Umbra TODAY! please post all the questions you would like me to ask him by 10:00 so I can put them in a list and be ready.
Spoke with someone at Investor Relations and they just told me that the Float is around 250M. There is no intention of doing a reverse or changing cap structure. They said management is adamant about that. If that is the case, then with a decreased supply, an obvious increase in demand, the price will eventually have no choice but to go up. That said, if they go through the authorized, dont increase the authorized and dont do a reverse, how are they going to do a second round of funding? Even if they have bought millions of shares back there is really only one logical option left. They must be setting up for a merger and its probably big. Why else would they not change cap structure and not be worried? Anyone have any thoughts?
The O/S count has been about 200M for over almost 18 months or so if I am not mistaken. The float has been around 150M for about the same . I am sure its has changed significantly since then. I was told UATG bought shares right out of the market a while back. Something like 10,000,000 shares sometime after they made their buyback announcement or when it was around a penny. its anyone's guess what the float is at this point.
In case anyone has missed signing up to be notified of when pre-sales begins:
http://hygieiasport.com/
They are probably announcing it soon so its probably a good idea to sign up so we can order a pair of socks and see what they have come up with. Anyone know or heard, what the retail price of the socks is set to be?
Thanks Dip. Somehow I missed that news. Did anyone catch the comment from the CFO "With imminent sales pending"? He obviously made a slip up there. They must know something that we dont. They just might have a contract on Hygieia already and are waiting to announce it. That or they have alot of people signed up waiting for pre-orders. I am actually starting to really believe that this CEO is the one in the million that actually wants to build a real company and is really capable of turning things around. I have been waiting 4 years for this. I guess getting rid of those other folks a year ago or more was really necessary. They must have really done a job on the company for it to take this long to turn around.
The bid is what buyers are willing to pay for the stock at that time. Ask is what they are willing to sell it for. When we say they "hit" the bid we are indicating that a broker agreeed to sell at a bid price quoted by another broker. The broker is ultimately agreeing to sell a given stock at the highest price that another broker is willing to buy at.
For example, suppose a dealer is asking $20 for a particular security and another dealer's bid price for that same security is $19. If the dealer selling the security for $20 agrees to sell at the other dealer's bid price of $19, they are said to "hit the bid".
So there's the “bid” price, which is the price another investor would be willing to buy shares of a stock for. And then there's the “ask” price, which is the price you'd have to pay if you wanted to buy the stock. The ask price is generally higher than the bid price, but sometimes they can be virtually the same.
Another way to explain it would be:
A bid price is the highest price that a buyer (i.e., bidder) is willing to pay for a security (stock). It is usually referred to simply as the "bid". In bid and ask, the bid price stands in contrast to the ask price or "offer", and the difference between the two is called the bid–ask spread or simply "the spread"
hope that helped!
I was just speaking with an associate of mine who also invested in Intrepid Innovations (a former subsidiary of UATG) to see if he knew anything. He just told me that they have a facility there for R&D in TX. He is prior military and helped the company acquire some land leases in Kansas and told me that all the tech they test is done in Kansas and NV. He said that very few people are allowed there and everyone there is prior special forces or federal law enforcement. Told me Mr. Umbra might be very nice guy on the outside but is very serious about security. Apparently Mr. Umbra is there and Nellis Airforce Base in NV frequently. Explains why they have offices and relationships in NV but not sure why they chose TX for R&D? Every time I think I know something I find out more. Fascinating!
Just received email from Mr. Umbra's assistant. here you go:
Mr. Umbra asked that I follow-up with you to make sure that all of your concerns have been addressed. He is aware that OTC has not yet updated their reporting of the outstanding share count/free trading share count and has directed the CFO of the company to reach out to OTC Markets in order to rectify this oversight.
In addition, Mr. Umbra would like to know when your schedule would permit a telephone call as previously discussed. Mr. Umbra is currently travelling but would be available later in the week upon returning from Texas. Please let me know if Friday would be convenient or sometime next week?
Does anyone know why Mr. Umbra would be in TX? Do they have any technology that could help with disaster relief?
I will say, that this guy does seem to be on top of it and has kept his word. I wasnt expecting to hear from him until next week if at all (if I am being honest). I own alot of stock in many companies and he his the first CEO to ever reach out to me (or at least had his assistant email me). Lets hope this indicates things are headed in the right direction.
Hygieia sign-up is live. Looks like they will be taking pre-orders soon!
heres the link
http://hygieiasport.com/
Been holding for 4 years! Dont really have much of a choice
It is probably smart to focus on the more realistic and present product they are pushing right now. Hygieia is a game changer for this company aside from being the first product that they finally will bring to market especially when that market is everyone as opposed to just the government. That said, I do believe that it is possible that they have the other technologies because of the amount of capital they have spent on R&D (over $5M to the best of my knowledge). When I first got involved in the company a few years back and things didnt seem to go well, I looked into the company. The CEO is very well connected in Washington and apparently well respected in the military circles. I think the mistake Mr. Umbra made was focusing to heavily on projects that he could not discuss. How are you going to create interest when no one is allowed to know what you are doing!? that, in my opinion, really hurt the company and caused it to languish.
UAT makes a drone and directed energy weapons. Its the next thing with the military. Its been under development along with weapons systems that use to be up on their old website. When the new website went up they omitted many of the details and some products all together. I asked what happened to a few products like HAVOC (their adaptive camouflage), PKEW, NDWP (non-detectable weapons platforms) and the various LTAC platforms. Mr. Umbra said that they would not be releasing anymore information on those products due their sensitive nature. I suspect that they either already have a contract on those products or are still testing them, most likely with the government.
http://umbraappliedtechnologies.com/aerospace/
Press releases seem to be coming out every Monday with social media updates midweek so hopefully that trend will continue. Looking forward to some good news this week. I did notice that OTC hasnt changed the o/s count so hopefully that will happen tomorrow as well
I just got off the phone with UATG. Mr. Umbra just had someone call me from his IR department. They told me that Mr. Umbra had OTC Markets page updated to reflect the most current Float and O/S count. They said it goes into review and is typically approved within 24-48 hours so we should expect to see that updated Monday or Tuesday. Additionally, they said a NOBO list was going to be ordered at the end of the month and they would compare the TA numbers with that so it is as accurate as possible. The guy said he wold take care of this and get back to me and he actually did. I was also told to expect a call from Mr. Umbra's assistant on Monday to set up a call with him. So far I have to say the guy has kept his word, with me at least. I would be interested to know if anyone else here has spoken with him before and what was their take on him?
Thank you Tyaz. I wish I got in AAPL when you did! I did however buy PCLN 5 years ago for under $620 but like a dumby sold 2 years ago albeit at a profit. Should have held on to it. You live you learn. Lets hope UATG is another hold situation. I would like to see my initial investment comeback at least
Tyaz, So you are just going to ignore my questions and not respond so that all of us might learn what you say you have learned about UATG or its CEO? You obviously do not actually "know" Mr. Umbra but do you have any real and verifiable information on the company that we should genuinely be concerned about?
Godspeed Sndr. I lived in Galveston for 22 years and its a hell of a place during a storm. I hope you and your family are listening to evacuation orders because storms are nothing to shake a stick at here in Texas! Be safe and my prayers are with all of those fixing to feel mother natures fury
I honestly dont get this Tyaz fella. He says he "knows" things but refuses to answer my questions. I and a few friends have alot of money tied up in UATG's former oil and gas business and have done alot of investigation on UATG, its history and the folks running the place. I havnt found anything that suggests I could call the SEC or any authority for that matter and recoup my losses. I will wait on a reply from Tyaz but I suspect he is just doing what he accuses UATG of doing, spinning a story. I have no choice to hold the stock until UATG uplists which Mr. Umbra has been consistent about and was very emphatic about during our call. I honestly believe the longer I hold the more money I am going to make on this one. I get the feeling its similar to when folks first invested in Apple and look at them now! I bought AAPL almost 4 years ago (under $70) and holding has been one of my better decisions. I think giving Mr. Umbra time to fix things and turn it around might be the thing that gets me my money back and then some. Just my opinion
Tyaz, you responded to everyone's post BUT mine. Now I would like to take you seriously but you are more and more sounding like someone with the very obvious agenda to say negative things on this board in the hope that you can manipulate the other members here to sell. Odd for a man who proclaims he can push the stock down all by himself and without the help of others. If you are in fact genuinely here to speak the "truth" and get all of us here to see the light why not share what you know and how you know it? I will ask again...
Message from yestaerday:
Tyaz, I do not know Mr. Umbra at all. Never met the man and have only spoken with him once. Thats all I can judge him on but it seems curious to me that you know him and havnt told us. Why would you not share what you know and how you know it? I personally would like to know because I have almost 2,000,000 shares of UATG starting at 0.04 down to 0.03. If you know something that could potentially save me from losing big then I would really like to know it? How long have you known him? How well do you know him? How do you know him? Please be honest because my retirement is not a game to me
In reference to your $4 pps comment all I can say is that I purchased UATG before they converted from their previous public vehicle when it was BEEN at over $2 pps. I was brought in through an oil investment/transaction that then "BEEN" and then "TMGR" to UATG inherited by an associate in Oklahoma. I am not familiar with Mr. Umbra or the defense side of the business but have stuck it out for more than 4 years in the hope that Mr. Umbra can turn the company around. What I do know is that some of the players from the oil side (Intrepid Innovations) really pulled a fast one leaving Mr. Umbra with a bad hand to play. Anyone can easily verify this by contacting the names on the publicly available land lease filings in Kansas and with the BLM. I have spoken with several people that were involved with Intrepid Innovations and the previous management of what is now UATG in Kansas, Pennsylvania and Utah. Not one of them has a bad thing to say about Mr. Umbra and in fact some praised him for contacting them and apologizing for what was done to them (several businesses and individuals were not paid) and then doing what he could to compensate them. One business owner was owed more than $80,000 and many individuals were owed their paychecks as I understand it and apparently Mr. Umbra contacted them and compensated them even though they didnt view him to be the one that owed them. I also spoke with the AG's office in Kansas almost 2 years ago and while they were aware of many complaints about Intrepid Innovations they had no interest in Mr. Umbra. In fact the two individuals they were interested in, were fired or forced out by Mr. Umbra and apparently most of their stock was reversed out when he reversed the Preferred series of stock (verifiable with press release and DE filing). There are also press releases in reference to executives "leaving" which is fancy talk for being fired. Now why would Mr. Umbra go out of his way to pay folks he didnt know and didnt have to if not for integrity? Tyaz, I am an old oil and gas guy and all this defense business and pink sheet stuff is somewhat new to me but I know BS when I smell it. I dont think Mr. Umbra is spinning a story so if you know something please share it but please dont waste my time with some silly agenda. I have alot invested in this company going on 4 years now and have had alot of DD done on this company and its officers (Mr. Umbra has no criminal record and is very well respected in Washington according to a former Senator friend of mine. The truth cant be said for the folks he fired) Please just answer my questions so I can determine if you have learned something that I might have overlooked.
Craig305 and Sndr, here is the info you were looking for:
UATG Newest Video (very professional, I felt I should have made popcorn and got a drink just to sit down and watch it. Epic!):
UATG Oversold. I was just doing some more DD because of Mr. Tyaz's comments and found an interesting analysis. This article seems to indicate that UATG is oversold and probably means that its a good time to buy. I just put an order in for more to further lower my cost basis. I really dont believe that Mr. Umbra is scamming anyone and the technology that this company is working on is truly amazing. Mr. Umbra invited me to call him in two weeks to give him some feedback or ask any questions. I intend to take him up on that offer so if anyone has questions you would like me to ask on behalf of this board send them to me.
http://www.concordregister.com/ao-indicator-trending-higher-for-umbra-applied-technologies-group-inc-uatg/
Tyaz, I do not know Mr. Umbra at all. Never met the man and have only spoken with him once. Thats all I can judge him on but it seems curious to me that you know him and havnt told us. Why would you not share what you know and how you know it? I personally would like to know because I have almost 2,000,000 shares of UATG starting at 0.04 down to 0.03. If you know something that could potentially save me from losing big then I would really like to know it? How long have you known him? How well do you know him? How do you know him? Please be honest because my retirement is not a game to me
Tyaz, I completely understand your skepticism as it is well founded considering the delays but calling the man a scumbag seems a bridge too far. The man is sitting on a ton of intellectual property, has patents and has shown all of us (on the company websites) numerous products. They have even done surgeries which clearly requires approval as they dont let you just start operating on people just because youre a nice guy. Again, I am skeptical as well but also optimistic considering how the market liquidity has improved exponentially around the same time as a product is being released. That to me seems obviously well planned and not necessarily indicative of someone who is incompetent and never done this before. When I spoke with him he did admit there was a learning with running a public company because what he did previously was run a private company. Clearly he was pretty successful like his friends because he was able to start a company without taking a salary for years. Again, I get the skepticism but you seem pretty hateful towards a guy you dont know and have never spoken to. Seems odd to me and to be really honest makes me question your motives. Are you trying to manipulate everyone here and shorting the stock? Not trying to insult you, just asking a question. I am sure you can understand why I am asking. Perhaps you should give him a call for yourself since hes not running a wallstreet fortune 100 company and may have the time.
S-1 filing is a registration statement. UATG has some historical issues that were part of the pubic vehicle that Mr. Umbra's previous team advised him to buy so he would public faster. He mentioned this in previous interviews and expanded upon it during our call. I would also suggest that he is auditing and filing an S-1 so they can uplist to the NASDAQ or NYSE for round B financing because it wouldnt be necessary to go this far if he intended to stay on the pinks. just my opinion. He also expressed his displeasure with OTC recently changing the rules to allow non-audited on companies on the QB board and stated that "he didnt think QB was the place for a company like UATG". He seemed pretty serious about having the company uplist but when pressed he wouldnt expand further. I did get the sense he had a plan and he seemed very confident that the company was uplisting. in fact he is exact words were "This company is uplisting". He was emphatic about that singular point. Not that, that is anything new though. He has said that in many interviews and press releases. I am very curious to see how hes going to pull that off and in fact I told him that what he was proposing was a tall order and while I dont see how that its possible I am pulling for him. The only logical thing I can figure is that he has significant funding lined up that he can only access once on the big boards (although as a fully reporting company he should be able to raise $5-10M on OTC easily), has a merger lined up with an already NYSE/NASDAQ company and then plans to raise $20-30M or a combination of both. I do not think a big contract would necessarily shoot him to the big boards but it would help for sure.
One other thing I remembered he said, when we were talking about the biotech division he did say he was considering "pushing out" Clearview and something else earlier than expected but needed to finish the initial Hygieia launch. Apparently he speaks with several other CEO's of other companies and they all kind of help each other in different non-competing areas. I think one of his CEO buddies brought him something that made him consider selling the devices sooner than expected. Oh, and also apparently the Clearview was part of a company he bought a few years back and was already on the market and he has all those contacts and customers still. He stopped the sale of it to redesign the device and packaging. He mentioned he was able to bring the cost of the device down significantly. Pretty savvy guy when it comes to supply, manufacturing and design. He said he had to learn the hard way but has the right team in place now. He kept mentioning that he intended 2018 to be the year the company finally represents what he envisioned the company to be from the beginning but also said it wold be 5 years before UATG had every division up and running at full capacity. He needs to hire many more people but doesnt want to carry a big payroll because he needs the capital for growth. He said most of the "guys" he has brought in were guys that were running their own companies and wanted to team up with him and that most of them took their compensation in the form of stock none of which has sold any. I think ost of them were obviously pretty successful and dont necessarily need a large or regular paycheck. I think these are the executives and not the regular workers though. Sorry I wasnt more detailed last nigh but it was getting late and this old guy was tired. the rest was mostly just pleasant conversation talking about his children, family and my grandchildren and family. Regular life stuff. very interesting guy though. He is a veteren and was apparently special forces and afterwards worked in intelligence. Thats most of what I remember
I actually spoke with Mr. Umbra today! I was shocked. I have never had a CEO take my call before. He seemed skeptical at first and asked several probing questions but he answered everyone of my questions, He was very articulate, intelligent and seemed fairly humble for a guy sitting at the top. Not at all what I expected. He was actually really nice and even joked with me. This is what I asked him:
Question: Have you or any employees recently sold large blocks of stock?
Answer: No and in fact he said no one is allowed to sell their stock until after year five (this is year 5) and the company is profitable regardless of how long it takes. He further expanded on his answer and told me that they had a problem with some individuals that did not act in the best interest of the company and he removed them immediately. I think thats why the former President and that other CEO no longer works for him. He also said that he is the only one with the authority to remove a legend or issue stock. he also said that all the original investors that helped him start the company, including him still have their shares in cert form. His is siting on his desk. He has 25,000,000 shares and is owed more but didnt take them.
Question: What is the authorized?
Answer: 400,000,000
Question: Do you intend on increasing the authorized?
Answer: No
Question: What is the float?
Answer: He said he believes it to be around 100,000,000 but he would confirm and make sure that OTC Markets was updated
Question: What is the issued and out?
Answer: Around 250,000,000
Question: DO you intend to do a r/s?
Answer: He has no plans to do so
Question: How are you going to meet the pps requirements to uplist by the end of the year as you have previously stated?
Answer: There is a plan in place, we are currently executing that plan but he couldnt disclose the specifics at this time due to regulations and it being non-public information at this time.
Question: Can you tell me when the pps is expected to go up?
Answer: He said he wouldnt feel comfortable speculating or offering such an opinion as he is not allowed to but he is very confident that many will be surprised about the progress the company has made and will continue to make through years end.
Question: When are you filing the S-1
Answer: Immediately, after third party audits are completed which we expect will be before year end. He said legal and auditors are already retained and in place.
Question: When can we expect anther update or press release?
Answer: Soon. Would not elaborate further.
Question: When will the socks be available?
Answer: We expect to begin taking pre-orders by the end of the month and delivering socks by the end of September.
Question: What are your expectations or projections for sock sales?
Answer: He expects them to do well and has apparently the company has invested heavily in market research, fulfillment infrastructure, staffing and a few other things he said that I dont remember.
Those are the main questions but we did discuss the guns (2016 launch delayed because of the election, anti-cop and anti-gun sentiment at the time)which he has slated for a Q1 2019 release, the medical division which apparently has some of the coolest stuff I have ever heard of (some devices may be launched to over seas markets because they already have approval for them), their alternative energy stuff seemed pretty amazing and apparently alot of research has been done on bioelectricty. I also asked about the intel and aerospace division and thats where his tone changed. He simply wont discuss it. The only comment he made on their Applied Sciences Division, when I asked, was that they do most of their R&D there and that most of what they do is highly sensitive and not public. I got the feeling he didnt like me asking about that stuff at all. His words were "that is not an area that I would be willing to expand upon". I also asked if they are currently working with the government and he said at times they have interactions with the government depending on the project but was not at liberty to discuss that further.
I asked if he would be doing anther investor call before the end of the year and he said he intends to, schedule permitting. I stressed that everyone really needed an update and he said he understood and would do his best to put something out soon that would be of substance. I guess we will see if he does.
Thats most of what I remember. The call lasted almost an hour! I heard a phone ringing at one point and it seemed that it was his assistant or the receptionist trying to reach him. I heard him tell them that he was on a shareholder call and to hold his calls. The guy actually interrupted his schedule to speak with me. Im still shocked that a CEO took the time to speak with me. I could be wrong but I believe this guy is the real deal. Super nice guy seemingly trying to do the right thing under difficult circumstances and overcoming what I am guessing was some internal people working against him. Thank God they are gone because he seems to be on the right track.
Just thought everyone might benefit from what I learned.