Disclaimer: All of my posts/comments represent only my personal opinion and should not be interpreted as professional advice under any circumstances
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I havnt lied about any of my conversations and to the best of my recollection I have been as accurate as possible. Anything I would not want to share with anyone I would simply not post and would not lie about. The truth is that I dont have a lot of info from the company directly and what I have gotten I have posted for the most part (with the companys permission I might add). I am not accusing you of lying either but every smallcap company always needs money and I have only been aware of their capital raise for 2-3 months I believe. I approached the company as did others over the past month or so and the company declined all of us to the best of my knowledge. That is unless one of them is lying which potentially could be possible but unlikely. If you did not provide capital then someone else did. Why else would they turn down capital? I dont think the CEO is liar and I dont think he has intentionally issued deliverable dates only to fall short. I think he has made mistakes and counted on others that he probably shouldnt have. Thats poor judgment for sure but to be fair that has happened to the best of us.
I am not clear on the timelines that you are referencing but I do know that I as well as at least two other shareholders with capabilities did offer to raise substantial capital for the company. He declined all of us from what I am being told. When I spoke with him two weeks ago he said the need no longer existed. He would not comment on that further but I took it as they received funding which explains why the Q's are not being released. He doesnt want us to see the capital increase to his cash position yet. That has some significant implications if my suspicions are correct about what they are intending to do.
100% agree. I was put on to TPNL about a year ago and it paid off. This company has that potential but is no where near ready to make that move soon. They will gain momentum over the next 18-24 months and then maybe they can up-list. IMO
Not really because things happen and I understand that. I have seen many companies plan on one thing only to realize that they were not in control of the complete process and other factors such other people.companies and/or services effected their timeline. I am sure that this is a big part of what has happened to UATG.
The other REALLY big reason is that UATG is a non-reporting company and is not required to report anything but has. They could just have easily put out filings that were irrelevant and not completely accurate without any repercussions but instead they have chosen to hold. Why do that if you dont intend to put out accurate info and are willing to take the heat for being late? It would just be easier to keep the status quo and no one would be wiser. I am not sure I agree with UATG's strategy but I am sure that this is intentional and not just something on a whim. This guy doesnt do things on a whim and whether any of us agree with managements decisions or not I dont think anyone really believes that this guy is an idiot and desnt execute on strategies. Whether strategies are good or not is anyone's guess but I think we are on the verge of finding out.
Happens all the time my friend. He doesnt like it when hes on the receiving end. lol. Dont worry about it. I sent you an email. Let me know your thoughts?
We just need to wait until this dips below 0.04 and average down our cost basis. I dont see it dropping below a penny so the lower it goes the easier to average down until the company figures things out. My expectation is they will have something in market mid next year. This is a hold for 12 months minimum. Company doesnt have what it needs to deliver and it will take time. IMO
Two days in a row!!! To what do we owe the pleasure? lol.
I am telling you that I am right about this. A few others here are trying to see if they can find out as well. Its one of them or at the least someone with an ax to grind. I called the company and CEO on this a while back. They havnt let anyone go in 5 years! I am 99% on this. You will see
You have literally said the same thing for years now but there is something to be said for consistency. I will give you that. It will make it hard however that if the company does what many of us think they will do, for you to back away from your claims and advice. I am sure you have that covered though. LMAO
The company refuses to do a RS, A/S has remained the same for nearly two years, O/S has decreased as well as the Float. Price has traded within the same spread for over two years and the amount of shareholders has increased. There is literally no indication that the company is diluting at all nor is there an indication that they intend to do so. Any suggestion to the contrary is baseless.
I dont think they are losing shareholders at all. In fact it looks like they gained investors and they are obviously holding. Look at the numbers from last year versus this year.
I agree. They are not fully reporting company and are not required to be so why not just "copy and paste" with minor edits? They could literally push out anything and be current to make everyone here happy. This is being done for a reason. Its intentional.
I am aware of the capital raise they were looking into with institutions but he declined capital from more than one source because it had been filled. My group could have filled their capital need with very favorable terms so I dont think he turned it down for any other reason than comfort with a group he already ha in place.
I also never said nor do I believe that they are waiting until Christmas for anything. I suspect that once they get into their new building they will release everything. They probably just need the space to store and ship goods from.
Socks are their product and Christmas is the biggest holiday sales event of the year for literally every retail company.
I am talking about Christmas/Hanukkah. I dont think socks are big Thanksgiving and Halloween gifts. lol
Actually he has put timelines out in PR's which I think is worse by the way because he has pushed those out. That said he is operating a company that is essentially still recovering from mismanagement by a few internally that worked against him. That is why this guy is so tight lipped about things. He doesnt want anymore mistakes and is trying to pull off something that is very difficult. I as well as a few others have offered help but he wont accept any. Probably because we are shareholders and he is afraid we will leak info before hes ready or because he thinks we will trade n the information. All very good reasons but I would like to be part of the solution and I think I could help. Maybe later he will accept help from shareholders. I do think hes going to pull it all off but he is obviously behind.
I think we are going to see something by then. Hes not going into holdiay season without having things out there. IMO
I agree. The filings should have come out but I am pretty sure its intentional. They are probably going to drop everything on us at once. Then it will be a scramble to buy and a roller coaster.
He does seem like a pretty hardened CEO but still approachable which is why I like him. He is very engaging and accessible. Crooks dont answer all calls and emails. He does seem like a persistent guy and hasnt quite yet so I am in his corner until he proves that I shouldnt be. As you know I am heavily invested so I am all in on this one.
Hey Gordo! Good to see you again. I value your opinion and see your point but I think the few here that claim fraud are either misinformed or doing it intentionally with an agenda.I completely understand why some might not see the big picture but at some point it is glaringly obvious that something IS going on and the company being a scam is just ridiculous. Mr. Umbra does seem very experienced and intelligent probably because of what hes learned the hard way through the years with this company but he could use a bit more finesse when implementing shareholder relations. I do understand that he probably now micromanages everything and trust no one after what happened but that doesnt mean its a good way to handle things. That said, I believe this company is in the middle of something significant and I am holding. I believe the CEO intends to uplist the company and is currently working on doing just that. Time will tell but I think this tree will bear fruit soon enough
His father died a few months back so I dont think dad is sick. For those who take the time to do DD we know the copany is not defunct or a scam. They have an operating business with revenues. Just because a company doesnt share their financials doesnt mean that the company is fake. It means management needs to get their S%$& together. I am sure we will see something soon. If we dont then the company has a problem.
He never gave me a specific date but I will be disappointed if I dont see REAL actions in July. June is mid year and we are officially heading into the end of the year so I have expectations that I would like to see met over the next 6 months. That sad, who am I right? lol
Seriously, I would be happy if they would just release the annual and quarterlys with an announcement that states they are in fact up-listing. They dont even have to actually complete an up-list this year but at least announce they have a plan and they started! If they up-list next year I will be VERY happy. IMO they could up-list over the next 12-13 months even if they filed an S-1, so there should really be no excuse. Hopefully, we will get filings and an announcement in July. I dont think thats unreasonable but again, what does my opinion really matter. lol The company is going to stick to their plan or their "calendar" as he put it regardless of what any of us think.
Possibly, and to be honest it probably would make the most sense for this management and the shareholders. I think the current team in place might be best suited for something else and let pros take over the product sales and distribution. They did the hard work why not let pros come in and take that burden off of them. Its just too much to get caught up on in my opinion. The product could really take off in the right hands.
I do think what your suggesting is possible (just not plausible within the time frame)but just feel they need a little more time to figure things out. I do share your optimism on the company however I feel its more realistic to view RMSL as a longer term investment especially for those that are complaining about things now. If expectations are realistic then some of the anxiety will dial down in my opinion.
Agreed. It will come. When is the question. I am optimistic we will hear something soon and then things will probably pick-up quickly from there. They are obviously holding a lot back for a reason. I think they are probably going to do what most companies do in their position and make announcements after things are done so none of us can get ahead of it.
I agree but from what I can tell this company is going to be quiet for at least 6-12 months. They arent going to deliver to market before the end of the year. That is a pipe dream. Best to be realistic here. This is a long play with 12 months probably being the min ROI.
They are dependent on other manufacturers (they dont have their own manufacturing equipment- I asked) to get them in their production schedule. Its end of June and most injection molders/molders take 60-90 (minimum) days to get rotated in. I have invested in many manufacturing companies over the years and its not that simple. On top of all that they have to have packaging made and delivered to manufacturer or their office (which is to small from what I can tell). When I asked about packaging I was told they were "working on it" which means its not done. This will be yet another delay because they have to finalize the packaging design and then wait for box supplier and printers (another 30-45 days minimum). After all that, finished product has to be shipped to where ever they intend to ship to customers from. At best they could be ready in October but now we have to consider the company will be heading into holiday season AFTER most companies have already begun their holiday marketing campaigns. Launching a new brand/product against and amidst established brands in the middle of holiday sales/marketing is going to be a real challenge. If they are smart they will quietly launch ASAP with a very modest marketing budget and build momentum going into Q1 2020. Then invest their dollars into a more substantial marketing plan after January.
I am not so confident that this management team has the experience to ee this far and execute this well but we will see. They seem to be learning on the job which typically results in what we have seen - more delays!
The company has improved in many areas. I have gone into this in great detail in the past so I wont waste everyone's time and do it again. Besides, apparently my posts are too long and I do not want the challenged to strain themselves. I will try to use shorter sentences and smaller words in the future. You see? I can be condescending and sarcastic as well. Perhaps the few that attack others on the board will consider that in the future so we can all be respectful of one another. Maybe get back to what the board use to be and possibly help each other.
I dont see how I am speaking in circles and you seem to take it very personally. I wasnt trying to insult you or anyone else. My posts are my opinions just as yours are yours. If you dont like the stock or the company you can always sell your shares right? Again, these are just MY posts and not intended to be advice, or anything else.
That assumption is predicated on existing cap structure. I dont think they will stay here. They will in fact up-list. I believe that because the CEO has been consistent about a few things over the past 6 or so years and up-listing seems to have always been his intention. I think his plans were derailed when a few internally did not share his plans and just wanted to put money in their pockets. The company has also made a few strategic moves and improvements over the past 3 years that point to uplisting.
In order to up-list to the big boards there are a few paths but only one makes sense to me. Regardless of the path, the cap structure will have to change and I can only see 1 or 2 ways of doing that without an effective RS which this CEO seems completely and unreasonably opposed to. This means his way takes a lot longer but ultimately protects shareholders. While I respect his rationale behind refusing to do a RS, I think his consideration fails to take in shareholder sentiment and endurance. This board is a very good example of what I mean in that most here appreciate the companys efforts and direction but a few refuse to see anything other than the negative. Those few with the loudest voices eventually spread like cancer and wear inexperienced shareholders down. Squeaky wheel gets the grease right? My concern is that inexperienced shareholders will give up before the company is done with its plan. The good news is that to me and few others, they seem to be in the process of positioning and I anticipate that we will know shortly just what they are doing and where they are headed.
Do you know why they moved to Orlando area?
The problem is that the market doesnt believe them as is evident in the several 100% drop in share price over the past 2 years. They obviously tried to do a stock promo a few months bank and I really think they are learning the hard way. That always back fires without real news and progress. I do like the company but I dont think it was what I was looking for. Management is too inexperienced with the capital markets. They should have stayed private and raised money that way. They cant manage a public company. I do agree with you though, they probably are real and are trying but it takes a lot more sophistication to run a publicly traded company oor even a manufacturing company, than they have. IMO.
A few people here asked about that. CEO postponed interviews due to "timing". Something tells me that he thought he would be unlisted sooner and when he realized he wasnt, he cancelled. Not that getting a CEO on FOX and MSNBC for business is all that difficult but it would have been nice
This company is not going to pump. CEO wont allow it. If anything they put out less news than they should
Something obviously happened because CEO was not happy that his IR people agreed to 3 interviews on his behalf. He also said he would not consider doing another interview with the youtube guy. Makes sense because the guy seemed pretty low brow. Many here complained that the the CEO even went on the channel
MM's and manipulatrs
I dont think hes a crook. I think after what happened he doesnt trust anyone, is micromanaging everything and in the process of a plan that he probably isnt even shearing with his top lieutenants. I believe this CEO has what it takes to do great things but am worried he wont let anyone help him or will get in his own way. He does too many things correctly and is very diligent, almost obsessive about the details especially when it comes to press releases and communicating directly with shareholders.I have never seen a CEO return shareholder calls and e-mails like this guy. During one of my conversations with the CEO I mentioned that I gave away some of the socks I bought so I could get opinions from other people. 3 days later a package arrived with a letter signed by the CEO thanking me for my support and replacing the socks I gave away! I didnt ask for replacements and he never told me he was sending me anything (he probably got my address from their customer list but I have to say that was a slick move and very impressive). I have actually spoken to or received e-mails on a Saturday AND Sunday - and he was at work! I believe he wants to make this company work. Lets just hope he doesnt burn out or get in his own way!
Maybe just sell some or half
That might be a mistake. I would wait at least a month or two just in case they make announcements
Welcome to pinks! lol
Disclosures are being held intentionally. They are up to something and its not a bad thing. I spoke to their IR guy a year ago and was told about HEMP. They have a stop sign, trade $250K in securities a day with a market cap of $15M. Spoke the company and they invested over $80M in capital!
FYI, OTC says they are dark and defunct as well! Needless to say I bought in
I hope these guys can pull it together but they are looking more like WMGR unfortunately