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 dont think "everyone" "knows" that 99% of what they have is fake. I dont think that "everyone" even thinks that. They have videos that support the fact that other products exist on their youtube channel (and pictures on social media) so at least those are verifiable and indicate that there are other things in the works behind the scenes. In my opinion they have many products but do not possess the capabilities, resources or capital to deliver them yet which is why they are doing one thing at a time and moving slowly. Veeeeeeeeeeeeeeeeeerrrrrry slowly. Glacial pace slowly. Its almost painful but it takes what they currently do not have, enough capital. Ialso would not recommend thatthey take it all down but maybe at least some of it and add to the site as they make announcements that the products are becoming available.
I was not aware of that. Is that confirmed allenc? The CEO specifically told me that quarterlys were not due until end of March and they wouldnt be out until that time.
They are and thats what the company has been doing for the past several years.
Oh and good morning everyone. Hope we have an exciting day with this ticker!
When was it announced that 10k was required to be attached to shareholder letter?
Is this list accurate? Where did you get this? It never occurred to me to check out his Linkedin in depth. This might be able to point us in a direction of who they are potentially doing business with. When I spoke with Gordo he said the CEO is very well connected and liked with politicians and heavy hitters. He wouldnt go into details but this supports what he said. I just dont get how this CEO knows this caliber of people but the company he runs is struggling? Regardless, his interests and his associations are impressive. At least it gives us some insight into what hes about.
Gordo told me he was a shareholder and was in since before Mr. Umbra was in charge. He said he invested with two guys that were crooks and that Mr. Umbra was the one that addressed the situation. He said he was an investor and didnt know him before this company came to be. Do you have reason to believe that is not true? How do you know they are good friends?
I agree. Walk before you crawl but I dont think thats their intention. If it were me I would seek funding as a pink (although I know that is simpler said than done). Then go to senior with a higher pps. That said, I dont see how they get around the current pps without a merger. Otherwise it will take years to qualify
I agree. Also, OTC is not an exchange but a subscription based reporting service. Its a nuance in differences that matter. Up-list would be to QB or QX which is why I think they are going to one of those first. I do think they can go to one of the senior exchanges but microcap would be the more likely move on one of the exchanges as the threshold for approval is lower. Its essentially a way to get your foot in the door.
CEO did NOT say that. You are misquoting me completely. I now see why Gordo advised me of not going out of my way to call the CEO and share my findings with this board.
Before responding the way you do perhaps reread my summary of my conversation with the CEO. I NEVER said that the quarterlys were coming out mid-year what I DID say was that the format or way they report would not change until mid-year as per my request to him to include sales and manufacturing costs etc.
The following is a direct quote from my post #39954; Friday, 02/22/19 01:47:14 PM:
"He said that his focus is more on corporate execution strategies this year but he couldn't go into specifics about that yet. I asked about the quarterlys and if they would contain product costs, and sales figures, etc? He said quarterly's will be out in the coming weeks and that specifics on sales number and COGS would not be out until mid-year".
I do agree with your assertion that these matters are critical to investors looking at the fundamentals which is why I took the time included them in my questions to the CEO and my post to share with everyone here. I would also add that while these "fundamentals" are important so is attention to detail when reviewing said fundamentals or quoting/misquoting someone - slick.
Thats not the take away for me. They are not even committing to saying that this is their strategy. They are saying they might, if appropriate consider investing in part in a company potentially in the future.
Actually, not true and in actual fact has been mostly inaccurate and biased with the exception of a recent post this morning that it has been 6 years. So lets get the facts straight as they pertain to UATG:
1-There is absolutely no evidence to support that this company has broken any laws or is a scam.
2-The company does in fact have inventory, a product and is actively selling in the U.S. and internationally. This is easily verified.
3-There is no evidence that the companys claims to have and to launch a new line of hygieia hp products is false. What is verifiable is that we have seen multiple pictures of the product to be released and its launch has been delayed by 4-5 months. Thats not fraud or a scam. Thats poor management over production or execution.
4-The company is actually making money and has continued to do so based on their financials. This of course is the first time in the companys history that it is generating revenue a significant improvement over the first 5 years of operations. Of course we dont yet know what their margins are for reasons I just outlined in my last post.
5-The accusation that all the other products do not exist is also not accurate because we have seen and can see many pictures (and in a few cases-videos- of surgeries using UATG products) of the products.
6-Missed deadlines from press releases are not good but that doesnt equal fraud that highlights inexperience and again poor management although I will concede that it could be interpreted as an indicator to problems within a company. IMO I attribute these misses to inexperience and under funded operations.It takes a lot of money to do what they want to do and they dont have that type of capital.
I could go on and on but the simple facts are that this company has some good things going on and some not so good. So does every company across every exchange.
What is important to me is the fact that this disdain for this particular ticker is intentionally very biased, to put it mildly, and in the interest of being transparent why not just tell everyone here why there is such an ax to grind? Its obvious, at least to me, that this hatred for this ticker goes well beyond the degrade of the pps. If it wasnt the case why not just sell, take the loss and move on. Previous employee, falling out, affiliations or previous relationships with anyone at the company? If so what happened and what insight into the companys operations can be shared that will be helpful to us? If any insight can be shared it should be presented to the board because that is what this board is suppose to be about not just venting or throwing negative commentary. how does that make for a good experience or how is that helpful to any of us?
I am being serious and would sincerely like to know if there is any insight we could be given. I am not looking to offend you or anyone else nor am I trying to be confrontational. Just would like to have as much accurate information as possible about this ticker.
Delays actually have been addressed not only in recent letter and previous PR's and communications. As for delaying financials, They are not late. They are due end of March. I said this previously in a post the other day when many here were saying the end of year was late.
I will also add that my investment strategies vary but due diligence is key as I am sure it is with you however, certain standards are not practical with a non-reporting pink sheet company simply because these companies are not audited and dont have to report. As for UATG and to your point, they have increased top line growth and revenue. They have also increased market liquidity and are delivering a verifiable product (I have ordered and received many Hygieia socks).
I am not sure how anyone here could have invested in UATG based on EBITDA due to the basic requirements to calculate EBITDA. While this type of profitability ratio can be a small but helpful consideration, it requires a few things we dont know such as capital investment, capital expenditures and this companys complete tax profile. Not only do we not have that, as far as I can tell, we have never had that. So how could we consider that as a part of any investment decision as it pertains to UATG?
EBITDA ignores tax and interest expenses to focus solely on other than cash operational metrics such as depreciation and debt amortization so we can calculate approximate cash generation. We can also measure capital allocations or use of capital operations controlled for capital investments made or potentially being weighed by a company but again we have never had any of this data.
If we had access to their margins relative to their retail sales accounting for operational expenses we could measure income generation and the efficiency of not only their retail operations but their overall operational strategies which would give us even more insight into the companys direction but again, we have never had this data. The irony here is that UATG without question must be evaluating EBITDA when they consider their acquisitions if for no other reason they would have an interest in assessing their acquisitions potential for income generation. How else could they make a complete decision when evaluating whether or not it would be advantages to their overall strategy to add a company into their portfolio of companies? Yet they dont disclose that information to us. I can understand why a company might not yet be ready to do so (many start-ups exclude data during building phase) but it is frustrating on this side of the screen.
This is one reason and generally speaking, that overall I do not like to rely too heavily on EBITDA and I am a little set in my ways and focus more on traditional GAAP accounting rather than measuring a companys profitability based solely on EBITDA. I would like to see gross and net numbers as well as have a better understanding of this companys cash-flow model so that I can discern what the company views as its capital allocation priorities. This of course would help indicate what direction the management intends to take the company and whether or not I want to be a part of it.
The above said (sorry for going on and on) this is a pink sheet company and as a result traditional investment strategies only work in part if at all here. I wish it were different and agree with you that we need more data but we are not going to get everything we would get on the NYSE. Here its more of a gamble and placing capital on the OTC should be done so carefully. Lets be honest, the fundamentals rarely apply on OTC. This is of course my opinion and I do not mean to offend anyone.
He just put out a letter that pretty much addressed everything. Other than that I dont think companys are n the habit of issuing press releases for small matters. A CEO is not going to put out a PR that says call me in June because I might have news especially under these circumstances. As for inventory accounting and when they are or are not releasing products, I cant see why it would be advantages for a company to do that.
I think those are issues that if they arise can be addressed informally. Its not like he gave me insider info to trade on.
Yes actually. I do not want to go into specifics here but he took full responsibility for falling behind schedule and has made corrections to avoid them in the future. He also emphasized that he attempted to address this in his recent letter (which I have to agree he did). He said he had no intentions of point fingers or making excuses and that the responsibility falls on him. He did say that they are not delayed on any products as of right now but that he was not going to release the HP line immediately for strategic reasons.
I asked if the products are ready to go? He said yes.
I asked if they have inventory on all the existing and upcoming products? He said they have inventory on everything except the sheets which he is considering not releasing this year due to the scope of the inventory and sales support it would require.
He also confirmed that they have inventory on other products such as Clearview. I asked why not release them? he said, that there are costs associated with launching a product that go well beyond design, testing and manufacturing. If they tried to launch everything at once across multiple divisions, they would fail. he prefers to go slow and do one thing at a time. Get it successful to support itself and then move on to the next product or division. He also said that, that was the problem in the first 3 years. They were trying to do too much at once and he was distracted with too many projects that he could keep an eye on everything. "Thats when things get by you that shouldnt". I am sure he was referring to the people that put the company in a bad spot but he declined to discuss that further. I do agree with his philosophy however. I have invested in and seen many companies that try to do too much at once which resulted in everything they did failing so I am comforted by the fact that this CEO recognizes that.
He said that his focus is more on corporate execution strategies this year but he couldn't go into specifics about that yet. I asked about the quarterlys and if they would contain product costs, and sales figures, etc? He said quarterly's will be out in the coming weeks and that specifics on sales number and COGS would not be out until mid-year? I asked why mid-year because that is odd and again he said he couldnt expand on that at this time but that he would be willing to discuss it when they came out. This was the most interesting part of the conversation to me. Makes me ask why dont they want anyone to know what their numbers are until mid-year? What is happening mid-year that makes it ok to discuss numbers after this "event"? I dont want to get too excited but this makes me think the numbers are really good and they dont want those reports to influence the pps while they are executing a merger or some transaction. He did say he was "pleased' with Hygieia sales but was clear that that was all he would say about the matter. I know a few here on the board will say that they wont release numbers because they are so bad but that doesnt really make sense to me. Why would it matter then when they release it or why do it in June?
I asked about other divisions and products as well. He said, and I am paraphrasing, that this year they are focusing mainly on biotech, which Hygieia falls under, and a few projects in greentech and aerospace/security. I got the impression that they were pretty far into the other projects because he mentioned something about one of the products being worked on for 3 years. Of course he would not discuss it citing security concerns so maybe its a government project. I do not know and he would not say.
We had a good conversation. He was very pleasant as he has been in previous calls. He apologized for not being more helpful but looked forward to when he could be a bit more forth-coming. I joked and said"when? mid-year?". He laughed and said "yes actually". I dont want to go too far down the conspiracy theory trail but I seriously got the feeling that something is in motion and Catattack might have been on to something with the merger and his associates. Something is happening between now and June, and I think it just might be what we suspect. Of course this is JMO.
The result of the conversation is that the guy came across sincere, intelligent and experienced. He is very likable and professional. When I pressed him about delays or mistakes he took it very well and owned up to all of it. He never got upset or angry nor did he seem to take offense. He said that he expects this year to be the year that many questions are answered and many shareholders will be "satisfied". He also said he knows he cant please everyone but he feels that the majority will be happy with the direction of the company and the progress they make this year. He is definitely measured in his words and you could tell he understands that what he says is important. He also did not want to give anything away I suspect. I have spoken with a handful of CEO's on a professional level over the years and this CEO seems up there with a lot of them although I think in time he will get better. After all the company has a lot of work to do still so we will see how good he really is in time.
Looks like they found your e-mail. He wouldnt discus your e-mail with me but said he knows the sender of the e-mail (if its the correct one I was "referring to") and will be calling them.
Had a good follow-up call with the CEO. He was following-up on my previous call with him. I have to say that I have never had a CEO be so accessible and prioritize return calls so that they get back to me in 24-48 hours. I am actually very impressed. He also took the criticism very well and made no excuses which is a very good sign IMO.
I would HIGHLY recommend that anyone questioning the company call the company because I do not get the impression that they are playing around or are not serious about the company.
I thought you said you emailed him for clarification about the Hygieia line? He said he doesnt have anything from anyone.
There have been a 1 or 2 people here that have said they dont get e-mails returned.
Ok, he had them check the servers to see if there was an e-mail there or in any junk folder. I also heard their IT guy saying they have nothing in their blocked folders (virus protected) that has come in from a shareholder or even for the past 2 days.
Hes back on now. Let me know if you send the e-mail while I am on with him. He said he would keep a look out for it. I will be back shortly
He just checked with his IR department, social media department and IT admin to check all e-mails that have come in from shareholders or customers. I can hear him speaking with everyone and they are saying that there are no e-mails unaccounted for. You might have sent it to wrong e-mail address. You should send it to info@umbraappliedtechnologies.com that was how I got my first response. Try sending it now while I have him on the phone so I can ask him to check.
He’s still checking. He seems a little irritated at the thought that someone didn’t get a response or that he didn’t get an e-mail. I would hate to be the guy who screwed this up!
I am actually on the phone with the CEO right now! I asked him about responding to your email and why you do not get replies. He just told me that he does not have any emails to which he has not replied. Hes on the other phone with IR department right now asking them if they have any letters they have not responded to
Someone is playing games with the stock. A lot of cross trades executed today
I have a list of potential people affiliated and am also searching any recent reportings or filings that might take advantage of the new regulatory changes as they pertain to Section 13 or 15(d) and Reg A offerings. Might be something.
You might actually be on to something! Have any of those companies (or anyone affiliated) filed a registration statement? If so, thats it! They merge with a clean start-up and lateral at a higher price. I will start looking into registration statements with any of these guys listed as officers. I should have thought of this. Good work Cat!
I am not sure how that settles anything actually? How could you possibly know what their total inventory is or its value? I have been looking for costs data for a year and haven't found it. Additionally, we can never have anything close to an accurate net/gross number because the discounts for 3, 6 and 12 packs vary significantly. We do not know how much they have or continue to sell of each sku nor do we know how frequently they restock Amazon. They could be restocking as they are being sold for their more popular packs or not. We dont know and have no way of knowing. Compound that with the fact that we have literally no data on the company's e-commerce sales site. I also question the accuracy of Amazons inventory management due to inconsistencies that have been reported from Amazon in general and my personal experience. I order a block of Hygieia socks (13 3 packs) for the office and even though Amazon said there were only 8 left, when I went to check out it allowed me to increase my order and they arrived. That shouldnt be possible! The one thing we do know is that they are in fact selling the products and at least some of the pack sizes do sell out and they do restock.
This highlights one of my biggest complaints, I dont think its much to ask to get general accounting numbers on sales and I feel that they should disclose those numbers. That, said I suspect we will start seeing those numbers once they are fully reporting which they must do if they are to uplist in ANY way.
No I dont think anyone believed they were opening free standing retail locations but many of us hoped they would sell in department stores such as Macys, Nordstrom etc. Is that really so far reaching for me as shareholder to think that was a possibility? Why not, many retailers do?
I also disagree with the letter being a "smoke show". There was a lot of information there, stated and implied. I guess we will see what happens over next few months.
These complaints that the company has no production, is selling nothing and doing nothing are strange to me but more to the point are not even close to accurate. We can buy the product online at two different sites and internationally. Why is it not significant that in a year a company releases a product line in the United States, Canada and Mexico while also developing additional products within the line? How is a company that delivers a product (especially on pinks) with a recognizable brand growing (check google search data), documented assets and growing market liquidity (historical trade data past 5 years) that has also proven to be sustainable for more than 3 years a scam? Its just ridiculous and incredibly biased in my opinion. Why not criticize the actual problems, delays, cash position. pps and revenue growth rate (etc) instead of commenting on things that are not the issue? It would lend credibility to the board.
Anyone that believes that this company or any other company on OTC can not uplist is just plain wrong. Its actually the whole reason for OTC's existence, to be an incubator for senior exchanges. Its a place for a company to get started, build revenues and capitalize. I understand that there may be a a certain level of inexperience behind those types of statements but that should be something most people understand or at least acknowledge the possibility of if you are going to trade in the market.
As for UATG not being able to acquire other companies because
"they have no money", it might be helpful to dig a little deeper into this companys past. The company bought several companies with little and in a few cases, NO CASH. The CEO is very savvy when it comes to this apparently. I would also recommend a little research on business M&A strategies combined with a little historical research into M&A ventures of public companies. You dont actually believe that public companies dont leverage equity for holdings in favor of all cash deals do you? Does anyone here really believe that companies favor de-capitalization over leveraged buyouts? Why? DO you you like writing checks if you dont have to? There are several ways to buy an asset with no cash and at no realized cost to the shareholders.
Finally, to say that the company is "pumping" is an unfounded accusation. I would like someone to show me that they are illegally doing anything. As far as I can tell the only source of attempted manipulation has been "flippers" (and yes you can flip this and every other ticker, they are referred to as day traders and its literally done every minute of every day on this and many other stocks) either over stating the press releases or letters and those pushing out negative rumors. That is intentional and its about making money through trading. The company can not profit from trading its own stock up, down sideways or any other direction. Thats why there are regulations in place - to protect us!
I do have concerns about the company not growing fast enough or learning faster from their mistakes. I also have concerns about the product releases missing last holiday season but thats typical start-up screw ups (and yes, I see this company as a start-up - look at FB and others before they were capitalized) but this company is not a scam in my opinion. If anyone believes that why not just cut your losses, sell and move on rather than expose yourself to an absolute or complete loss which by all accounts a few are guaranteeing is going to happen? Again it just seems strange to stick around and throw negative barbs and theories. IMO
Not looking to offend anyone but reading all these comments just puzzled me.
No one ever said there was a multi billion dollar merger. I did say that a merger could be used to uplist which is accurate. As for the price being the result of a poorly crafted PR, I disagree. This happens EVERY time there is news. This is the pinks and this is what pinks do. They trade into the news to make a ROI. They are day traders here with very few long term investors. I also disagree with your conclusion that the letter was not transparent nor do I think it was "poor" communication. That is just my opinion. There are companies that have uplisted from the pinks and yes some have even gone to the senior exchanges and back (for cost savings reasons-NYSE is expensive). I do agree with you that a direct leap to NYSE or NASDAQ would be unlikely however. A QB or QX company makes more sense to me but I do not want to get into why right now. My thoughts are that the CEO has had difficulty balancing (they are under capitalized) "fixing" things with releasing products, generating revenue and positioning for an uplist that I firmly believe he wants to do and intends to do. Whether he can do it or not remains to be seen. It will be difficult but is doable. I do not think he is as "stupid" as some here say or like to imply. I have spoken with him a handful of times and he is definitely not a stupid guy. I also think his letters prove that as well but again thats my opinion. I would also point out that the stock always bounces back and trades within the same range (over the past 18 months or so).
I appreciate your criticism and some of it I feel is warranted but I just dont see the narrow negative picture you see. Thats just me. This is a complicated situation made more complicated by the fact that the company operates in the "pink" environment. The CEO admitted he relied on people he should not have trusted in the beginning and was intent on fixing it. That is a VERY complicated and delicate proposition which in my opinion he has done well considering (yes he could have done better but that doesnt dismiss what he was able to accomplish regardless). Again, complicated. I dont think this company is a multi billion dollar company and I dont think that even by some miracle if they did everything correctly that they will be a multi B company in even 10 years (again, I could be wrong but not likely). I DO think that with a little bit of focus, effort and capital this companys leadership can build a company that is worth a couple hundred million over the next 5-10 years? To me thats pretty good and for me that will bring an ROI I would be VERY happy with. Of course that is a lifetime from now and depends on what they do between now and then.
Right you are Gordo. I will wait on your reply. Hopefully you received my email and it was helpful. He was very forth coming and optimistic. Let me know how your call went please.
STAYS ON COURSE!? I got something totally different from your "letter'/post. I thought you were implying that the company was on the WRONG course. Your post did not come across as support of the current course the company is on.
Year end is due end of Q1. People have been complaining about the year end for weeks. Why does no one know when its due?
Wouldnt that be the responsibility of the company Nextcast? Its not exactly UATG news what another company does is it?
I still dont understand why you do not contact the company yourself? I can see you put a lot into your post but I think you are making a lot of assumptions based misinformation such as a 180 degree shift. What shift? They are EXPANDING on their business model not really changing it. As for them not delivering on a specific product on time they already addressed this remember? Delays with manufacturing etc....
Cyber security has been on their website since I got involved and started buying stock in this ticker. Seems to me that they are finally starting to act on it. Again, expansion not change or shift in direction.
At no point does the letter mention master card, visa, Northrup Grumman, Lockheed etc but they do have to start somewhere right? At some pointy all those companies you mentioned were start-ups right?
I would also add that your claim that they have multi-billion dollar technologies is optimistic. Technology is only worth what someone is worth paying for it but first they have to know it exists (marketing). Maybe with their new marketing partnership they will fix the latter.
Lastly, I think the letter says a lot more than 4 things. lol JMO
Thanks Gordo. I agree. Things are picking up momentum with this company. They have been keeping things quiet while they position the company. Please let me know how your conversation goes. I have a call in to the company as well. I was told that Mr. Umbra will return my call after his 10:00 meeting so I expect it soon. I will send you a summary of my conversation with him.
Hey Gordo! good to see youre well. Maybe you could help out around here so we can get to the bottom of potential merger prospects considering you called it first. Let me know if you would like to collaborate on some research. I have a fews that work with me,that are very talented and that could help out.
We actually know there is production because we can buy them online and have seen the other products coming out.We know there was a buyback because OS decreased by more than 30 million shares. We know they are working on the trading metrics because they have significantly improved over past 2-3 years. You know this and intentionally are trying to mislead everyone here. Why?
They are selling products!
I just got reading last years letter and there is MUCH more in this letter. FYI, every company says last year was good but this year will be better and we have high hopes etc. You dont actually expect companies to say "we screwed up and this year will be terrible" do you? lol
I disagree, it proves they have a long term plan which indicates they have no intentions of going anywhere. That said, 18-36 months does not mean NOTHING is going on now. Clearly A LOT has been going on for the past 12+ months that we have not been aware of and are just now getting a glimpse into. These guys like to keep things quite which I understand might be necessary at times but I think their military background is influencing them too much to keep everything a secret. I am going to draft a letter in response to this because it needs to be addressed as well as any questions I come up with once I have had time to really digest this letter.
Well another well written letter from the Chairman CEO which is what we have come to expect but this one in particular has A LOT of information in it that is between the lines. The obvious thing here is that mergers and acquisitions are blatantly mentioned quite a bit. Clearly M&A is a significant part of their business model moving forward which confirms what I and a few other shave suspected for a while- this company intends to uplist via a merger. Makes sense considering the only thing that would hold them back (NYSE/NASDAQ requirements) is the PPS which a merger could potentially address. It also appears that they are also taking on a larger manufacturing roll. I need to digest the rest of this letter. I will post more of my impressions in a few
Not exactly nothing today. I get a healthy sense of cynicism is good when investing but perhaps you might consider being a little more positive and balanced for the boards sake?
I think you are missing the point besides why is the product a priority when according to you its completely irrelevant since its only two products available? They are just socks right? Personally, it seems very interesting that the products are done and ready to go but they are waiting on release. What are they waiting for? What ever it is must be significant and that is VERY interesting to me.