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 had not seen that video before. Thank you. Mt only criticism is that this video is over 2 years old and they seemingly have made no process in bringing the product to market. If they have already built and delivered product to testers why do they need to make molds and why is that excuse being used to explain the current delay? Didnt they need molds/tooling to make the units they tested? Seems odd. I do understand that start-ups have many challenges but if they need money to go into production why not just say so rather than come up with an excuse that doesnt really make sense and is seemingly easy to prove to be dishonest? Tey could just go to existing shareholders, offer us a private placement and raise the money! Again, the management of this company, as in most start-ups, seems to be the problem and not the "tooling or molds". JMO
This company is killing me. Management really is not equipped to manage this. Lets hope the are better at making CPAP tech than managing a publicly traded company.
He wouldnt say. I asked and he wouldnt tell me. I know its technically possible but uplist to the big board in 6 months with the current pps and lack of news is a tall order. Of course, what do I know
I had an early morning call with Mr. Umbra and as usual he was very accommodating and cordial. I requested an early call because his schedule was pretty full for the next 3 weeks and our schedules conflicted. I will start by saying that I have spoken to a few CEO's and none of them have ever been as responsive as this CEO. I will also say that I have never heard of a CEO that spoke with shareholders as much as this CEO and I have never had a CEO agree to take my call at 6:45 in the morning just to fit me in his schedule! Say what you want about the guy but it seems he is always working, and always takes shareholder calls or responds to e-mails. It really is impressive despite the companys current share price and pink listing. I asked for the call because I had some questions and re-offered to help with the company based on what I thought some of the issues were.
These are some of the questions I asked him and is summarized response:
Q: When will the annual for 2018 be out?
A: Annuals had to be adjusted to include Q1 because of the delay. They are being reviewed to ensure accuracy. Annuals and Q1 will still be filed/posted separately per OTC requirements. He anticipates this being completed next week.
Q: When will Q2 be out?
A: Week or two
Q: When will HP stuff be out?
A: They will be making announcement on that shortly but he assured me that they will all be out for xmas
Q: Will other products from the other departments be released soon?
A: Mostly focused on Hygieia release but there are a few other products that will be announced this year with release dates beginning next year
Q: What products are being released next year?
A: They will continue to release Hygieia based products but AI services in intel group and products from the greentech, aerospace and security division are scheduled to be announced over the course of the next 18 months.
Q: Is it your plan to still uplist company?
A: Yes?
Q: Are you confident you can uplist the company?
A: At this time 100%
Q: Since you declined my (and others) offer to help with funding, do you have the funding you need to uplist and grow the company?
A: He wasnt "at liberty to answer the question" at this time (guy is very military. lol
Q: Can you discuss any of the details of how you intend to uplist?
A: No
Q: Do you have or are you reviewing any M&A opportunities?
A: Apparently they are "always open" to such opportunities but would not answer the specific question for obvious reasons
Q: Do you see any reason for the pps to begin trending upward?
A: He is always optimistic about the company's future but declined to offer what he referred to as "projections"
Q: Are you going to release projections for the company this year?
A: At some point over the next couple months, yes
As always he was very polite and direct. We were on the call for about 30 minutes and discussed several things but this is what I thought most would want to hear about. I summarized questions and responses so I wasnt here typing all day.
The impression I got was that they have funding either in or lined up and they were in the middle of making things happen. It also seemed to me that they are going to start making announcements soon and that they really do intend to uplist. He seemed very optimistic and confident in everything he said but would not give specifics which I understood and did not expect. Didnt hurt to ask though. lol
I just got put of a meeting and tried to post this as soon as possible because today is going to meetings from hell day. Anyone who posts questions I will answer but it might be later. Hope everyone has a better day than I am about to have and hope this helped those interested.
I do. He has a plan and it appears he has been executing on that plan. We will see by the end of the month. He did say after June things would be happening. He wouldnt tell me what so.....
One would hope!
Now now boys. Lets be nice. We are all friends here
I love your optimism
hopefully sooner rather than later
We need to call TA to find out what the float is and what the real OS is. This looks like someone is converting and waiting until next Q to find out is not a good idea. I will call in morning.
I think it is to his credit that he takes calls. Most CEO's dont and the scammers definitely hide from us.
I completely agree. I think this ha probably been one of the chief contributors to the rate of progress both good and bad. I am sure it has do to with the people from the past and the problems they caused. He will have to learn to let go if this company is to make significant progress
Why? Whats happening in a few weeks?
Hey Gordo! Hope you are doing well. Good to see your name on the board! Been too long although I myself have taken a break from here as well.
I hope youre right but most companies financing convertibles in the pinks do so at 40-50% discount. Thinking they got 4.9% financing is very unrealistic even for a big board company. I am invested in micro caps on the NYSE that have financing similar to those terms you mentioned and they have 8 figures in revenues with over $100M in assets! I have researched many pinks and financing companies associated with them, they are almost all toxic. We will see if the OS increases as it has been doing so. My guess is they are waiting until after the next Q's come out. Then they dump. Its what most of the pink companies do. Hopefully they will line up traditional funding, move back up to QX and start delivering product over the next 6 months. We will be able to tell a lot about this company and its management heading into the holidays. If they execute another round of dilution in November then we know they have nothing and cant deliver.
I hope youre right because the guy I spoke to is not very experienced with capital markets. He might know about CPAP tech but thats not enough. Looking at the history of this ticker over last 3 years and its very troublesome. The problem is that they dont have any money and people that need money do desperate things like issue discounted stock as a convertible note that equals 1/3 of the companys market cap. Thats not experienced in my opinion. With just under $10k invested and about 100k shares, I am willing to gamble and see what happens but so far there are concerns. Either way we will find out. I am in for 90 days and then I will either take a hit of stay in for what will hopefully be a strong ROI
Those notes concern me. If they convert soon then this stock is in trouble. $100K worth of stock (especially what is almost certain to have been done at a significant discount) could pull at 20% of the mrkt cap. Not very smart to do but suicidal at two notes for the same amount. We could see trips if they convert at same time in the next 6 months.
I do VERY little in OTC. Just a few. RMSL is interesting because I am going on a hunch here in conjunction with something else. I prefer the bigger board companies because of reporting and stability but there are opportunities here for companies with potential to uplist. Not sure RMSL is one of them
No one is going to attempt a takeover of this company. The vehicle they are operating in is labelled as a Shell Risk which means they are going to have a VERY difficult time raising money in the private sector because they will have trouble clearing stock issued directly from the company. No mainstream house will take it. We checked. I am also looking into why its labelled a shell risk but cant find anything as of yet. They will most likely need to file an S-1 to clear the shell which costs money and will be a challenge for this management. This is fairly high level executions and they couldnt even keep their QX listing or even do something as simple as Facebook.
Just delivering the product is not going to be enough. They have no money and they will not get access to serious capital without addressing these issues which means that if they ever hope to get back to QX or trade above a dollar they will need to get really smart really quick. This company needs a real capital investment to get this company off the ground and this CEO didnt even know the difference between an 10q, 8k and 10k when I spoke with him! Not a good sign.
Trust me, I am on oxygen. Have nearly 100,000 shares and after speaking with CEO I am VERY nervous. He doesnt sound like he is very experienced and I am worried. I have seen companies with GREAT products fail because of management. I am holding for now but these two guys (one of my guys spoke with a shareholder and said this Russell guy is more arrogant than experienced) will need to step down and let someone with experience run things.
I called Action Stock Transfer Corporation in Utah and they will not disclose the float to me. Not typical which means they have been instructed not which is in line with the company not disclosing what their float is. Strange. The company does a RS every 2 years which means we would be due for one soon but they supposedly only have 10M shares OS with only a minuscule 156 shareholders of record. Why then is the market so difficult for them to stabilize? They have virtually no shareholders with $15k or so in trading volume! Any other CEO would get this under control and the price would go up. Its not that difficult considering the tiny volume and shareholder count.
We are headed back down. Again! This stock has a lot to fight through and I am not convinced that this companies management understands the capital markets or how to manage public operations. They are making rookie mistakes. They need real communication with shareholders not fluff PR's with missed or dragged deadlines. If they would simply be transparent they would not have hald of these issues and probably would not have lost their QX listing as well as 300% of their market share. Two years ago the price was $35/share; a year ago it was $1.24/share and in January we were at 0.149! Now we cant break 50% of the pps we had just 5 months ago! I am starting to think this CEO either doesnt get it, doesnt possess the acumen or doesnt care. Maybe a combination of all 3? Very frustrating to see a company with a good product fail because management is inept.
I am in similar boat my friend but unfortunately my cost basis is a little higher. Ether way I think we will do well.
Thats actually a good point. I do not know what the hygieia pillow is made of. I will send an e-mail out and ask.
I think the point is that they are finalizing the product and they will be ready shortly. I also dont recall the zipper looking like that. These are also not the same pictures they put out on Facebook (that I found) but different pictures. Something is obviously going on. Just not sure what.
The pillow is an incredibly personal and specific thing. Most people I know dont "love" their pillow but believe their pillow is the best they can find. How many people here have tried the "My Pillow" even though they already have a pillow? Literally everyone I know has tried and hates the "My Pillow" but they didnt return it! They either tossed it or threw it in the closet. They even got me to try the "My Pillow" and it was junk. I looked into My Pillow and did you know that company was started by a man with a serious crack cocaine problem and a piece of farming equipment? Earlier this year the company had estimated revenues of $40M a month! The "my pillow is $60 for two pieces of junk. If UATG sells their pillows for twice that amount they will kill it. The UATG pillow looks to be MUCH higher quality and comes with Hygieia. They could really do something here with this product. Consider that the My Pillow says they sold well over 10M pillows! If UATG sells just 10% f that at $100 they will have $100M in revenue. Of course My Pillow spent 1/3 of their earnings in marketing but that would still mean that UATG could generate almost $70M annually from a pillow (just one of their technologies/products).
We did some research on this a while back and the pillow market is a $12 Billion dollar market. Absolutely surprised me that people buy that much globally. I think the number for just the U.S was right at a billion if I am not mistaken. Dont hold me to that.
The point is that even though people like their pillows they are always looking for the "perfect" pillow or at least looking to replace their pillow with something similar or better. At some point you have to replace your pillow and this is what drives people along with the quest for a perfect nights sleep. I think the pillow will sell and will sell big.
I sent an email to company this morning about just this. They need to get with the times and put together a social media presence as well as release projections for the year. At least announce when the product will be delivered to market.
Not sure about the price. They gave me estimates and emphasized that the prices were not set in stone. I do remember the conversation emphasizing that they wanted to sell two at a time so they were going to discount the sales of pairs.
Pillow would be a good market for them and leads into sheets and towels nicely. They cold make a killing if they spend the money on marketing. Their brand is presented well. The CEO definitely knows how to present/package premium items. Prediction of sales is difficult to guess but when you look at other pillows (My Pillow for example) they do huge numbers. Of course they spend a fortune on marketing and have big budgets so I would not expect anything over $100k/month initially. Its about what they are doing in socks right now I think.
They turned me a two other guys I know fr funding and/or help with funding so I assume they have what they need. My guess is that we will start seeing things the starting now in the second half of the year.
so am I. I have high hopes for this company partnering with the right group. This could be just what the doctor ordered
Of course someone had to wack the bid! This is the problem with OTC day traders. No long term players
If I am not mistaken, the pillow will come in a single and a two pack and will cost about $100/pillow with a discount for two pillows. They had not decided yet but that will help drive revenues and hopefully their margins will yield a nice net.
They need higher ticket items so this will be a nice addition to their Hygieia line-up
MM's are trying to play with us. Look at the box, If we hold they have no choice but to up their bid and pay more. Let them sell to themselves and each other. The market will call them on it and bid will rise.
If everyone would see the long term play and hold, we would already be at 0.10
Stop flipping and we will make even more! This company can get to .50 easily!!!
I wouldnt complain if I got a few more at 0.043. Should have bought more then!
L2 closed: 0.057 0.012 (26.67%) 0.051 / 0.057 (74245 x 11000) V 1,284,216 at 3:59 PM
This company needs to get with the times. Not having any social media to communicate to shareholders or customers is poor management. They need to get a CEO in there that understands these things. Company is being mismanaged. I sure hope this company is merging with a more experienced entity soon!
A couple of well placed buy orders and we are off. Here we go!
You are correct and about 20 min ago I got confirmation from one of my guys hat they already dealt with FDA and that their manufacturer is here in the U.S.
Interestingly they are using a manufacturer that another company I am invested in has been using for years. This just might be the company I have been looking for after all. Also checked out their filing status and it appears this company is eligible for QB and with some fees could qualify QX. This is very intriguing since it could happen quickly as long as they pay the fees. So why did they lose their QX listing or why did they intentionally give it up? This is looking more and more like the company and more importantly its potential partnerships I was looking for.
Someone is posting sells into my buy orders. Its a promo. Has to be
order filled but CDEL still shows 31,9 on the box. Interesting.