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Asked to review "fromtheuk" posts re Whistleblower.
Maybe that's why he hasn't been around for a while.
Body of evidence not good for him and told his identity known and confirmed.
Hmm! Wonder if there will be action against him/her/it?
UAMA employees GONE, nothing left!
UAMA perpetuates a fraud by creating the illusion of some future or upside!
Nothing could be further from truth.
FACTS:
- UAMA et al totally GUTTED by $47M bankruptcy of largest operating subsidiary in Canada.
- Nearly all assets and employees gone!
- TNW Wireless has failed and their cellular network has been INOPERATIVE since 2018.
- Benoit Laliberte, UAMA CEO is convicted criminal per The Canadian Press.
- Benoit Laliberte, UAMA CEO is undischarged bankrupt for over ten (10) years.
- Quebec Court has ordered shut-down of Blockdomes for land-use violations.
- UAMA can't raise institutional capital due to CEO convictions.
So no future for UAMA unless CEO goes!
Benoit Laliberte "unfit" to serve as CEO, CFO?
It would appear that Mr. Laliberte's conduct demonstrates unfitness to serve as an officer or director as provided in Section 21(d)(2) of the Exchange Act [15 U.S.C. § 78u(d)(2)].
Found guilty by Quebec Court on 44 counts of stock fraud, market manipulation and deceiving investors in 2008 and 2009.
Has been an undischarged personal bankrupt for over ten (10) years.
Never properly disclosed his criminal convictions and, in fact, in filed company reports for Year-end 2018, 1Q-2019 and 2Q-2019 he claimed that he had NO convictions in past 10 years. A plain and simple falsehood.
Is Benoit Laliberte "unfit" to serve as Officer or Director?
It would appear that Mr. Laliberte's conduct demonstrates unfitness to serve as an officer or director as provided in Section 21(d)(2) of the Exchange Act [15 U.S.C. § 78u(d)(2)].
Found guilty by Quebec Court on 44 counts of stock fraud, market manipulation and deceiving investors in 2008 and 2009.
Has been an undischarged personal bankrupt for over ten (10) years.
Never properly disclosed his criminal convictions and, in fact, in filed company reports for Year-end 2018, 1Q-2019 and 2Q-2019 he claimed that he had NO convictions in past 10 years. A plain and simple falsehood.
SEC will prosecute for fraudulent filings!
SEC revoked listings of both Inelco and Teliphone.
Could SEC REVOKE UAMA just like Inelco and Teliphone?
Inelco and Teliphone also run by Benoit Laliberte! All shareholders will be wiped out! History will repeat itself with these fraudsters!
SEC action supported by case law!
Nearly identical infractions though Benoit Laliberte was found guilty of 44 of 48 counts of stock fraud, market manipulation and deceiving investors. So Laliberte clearly outclasses Brooks on number of convictions!
Read the link to see how the SEC prosecuted this identical case:
https://www.sec.gov/files/Judg12-cv-02716Brooks.pdf
Should be a "plug and play" case for the SEC with UAMA and Mr. Laliberte and likely just a matter of time before action taken.
Formal complaints have been filed with SEC and now at State level.
Maybe, just maybe, due to volume of prior convictions in Canada they'll set fine far above level he can pay and he'll face the incarceration he should have received in Canada.
At UAMA incompetence an art form!
Can't rely on UAMA Financials! Read reports!
Go to OTC Markets-UAMA and click on "Financials" heading
Now look at 2020 Revenue line.
Through 6/30/20 Total Revenue listed at $4,142 (000s). OK?
Now look at year-end for 2020. Yes year-end which should include all revenues for the year. Right?
Figure for Annual Revenue through 12/31/20 is shown as $1,600 (000s). WHAT?
Wow! Apparently "financials" all just dreamed up!
Maybe that's why OTC Markets flag still up.
"Skull & Crossbones" indeed!
Can't rely on UAMA Financials! Read reports!
Go to OTC Markets-UAMA and click on "Financials" heading
Now look at 2020 Revenue line.
Through 6/30/20 Total Revenue listed at $4,142 (000s). OK?
Now look at year-end for 2020. Yes year-end which should include all revenues for the year. Right?
Figure for Annual Revenue through 12/31/20 is shown as $1,600 (000s). WHAT?
Wow! Apparently "financials" all just dreamed up!
Maybe that's why OTC Markets flag still up.
"Skull & Crossbones" indeed!
UAMA the closer you look. Worse it is!
The further you dig into UAMA et al the more you'll question!
While Benoit Laliberte was convicted on 44 counts of stock fraud, market manipulation and deceiving investors, you have to wonder if he is simply criminally incompetent.
As President, CEO and CFO of UAMA, Mr. Laliberte signs off on the Pink disclosure documents and the financials. Does he check them before signing?
Look at the other posts regarding the discrepancy (now that's an understatement) in 2020 Revenues vis-a-vis half-year total revenue vs year end total revenue.
Who makes a mistake like this?
Is is anyone this incompetent?
Who signs off on Financials? UAMA CEO, CFO?
Go to OTC Markets-UAMA and click on "Financials" heading
Now look at 2020 Revenue line.
Through 6/30/20 Total Revenue listed at $4,142 (000s). OK?
Now look at year-end for 2020. Yes year-end which should include all revenues for the year. Right?
Figure for Annual Revenue through 12/31/20 is shown as $1,600 (000s). WHAT?
Wow! Apparently "financials" all just dreamed up!
Maybe that's why OTC Markets flag still up.
"Skull & Crossbones" indeed!
Hey Benoit! How's the MVNO doing?
How about an update on all the progress?
Got a resale agreement with a facilities-based carrier yet?
Got your own TNW Wireless network to OPERATIONAL STATUS?
Got an agreement with sources of smart phones and devices to sell under your label?
Have you started advertising yet?
Have you got store-front leases to operate in these markets? Potential subscribers will expect to see advertising and store-fronts especially in the bigger markets like Vancouver-Victoria, Okanagan cities, etc.
Hired any staff to man the storefronts? Who will train them? What's the plan?
Tell us Mr. Laliberte about all the progress you've made towards launching your MVNO.
Convince us that "the MVNO" isn't just another "ILLUSION OF PROGRESS" by providing verifiable details of your progress.
That will go a long way to convincing us that you're not a FAKER!
UAMA financials messed up? Look closely.
Go to OTC Markets-UAMA and click on "Financials heading"
Now look at 2020 Revenue line.
Through 6/30/20 Total Revenue listed at $4,142 (000s). OK?
Now look at year-end for 2020. Yes year-end which should include all revenues for the year. Right?
Figure for Annual Revenue through 12/31/20 is shown as $1,600 (000s). WHAT?
Maybe that's why OTC Markets flag still up.
"Skull & Crossbones" indeed!
OTC flag still up on UAMA! No wonder.
Look closely at the financials found on the OTC Markets.
Do they look odd?
Yes!
UAMA a truly troubled enterprise! Caveat Emptor!
Blockdomes under a Court Order to shut-down and restore land to pure agricultural use due to land-use violations. Who builds without proper building approvals? Seems like they may be operating in contempt of court despite their best efforts to act as a landlord and deflect the risk. Dumb and dumber!
TNW Wireless a total failure under Benoit Laliberte. He screwed up the opportunity to build on a market-ready wholesale carrier business when he bought RuralCom. Now it's worthless and, according to latest quarterly Pink filings, he's looking at launching an MVNO business in BC and the Yukon. Competitors Bell and Telus have built out kill any need to roam onto any working TNW Wireless network, so won't be any inbound roaming. He also let the signed and executed agreements with AT&T, T-Mobile, Sprint and Verizon expire.
UAMA et a, witnessed by the latest filings, does not itself have the capital nor does the enterprise have access to institutional money. Without access to substantial capital you can't build an MVNO business!I know as I built the largest MVNO in the US and know what it takes to compete against the largest national carriers with established brands and distribution. Neither Benoit Laliberte nor Lawry Trevor-Deutsch has any relevant experience in wireless or distribution in a highly-competitive environment to pull that off.
Seems the biggest barrier for UAMA is the criminal convictions of Benoit Laliberte, President, CEO and CFO of United American Corp. (UAMA).
UAMA likely a WORTHLESS SHELL now! Caveat Emptor
$47M CCAA Proceedings (bankruptcy in Canada) has totally GUTTED all assets and employees.
Nothing left that can be managed or grown without a team of employees.
Benoit Laliberte and Lawry Trevor-Deutsch (like to call them Bert and Ernie) may be good at creating the "illusion of progress" but there's nothing there and no substance behind it.
Revenue from Blockdomes continues to slip as processors become too old to handle the task. Sophomoric Blockdomes nothing more than a science experiment, albeit an expensive one for a high-school level experiment. Nobody, particularly investors, cares about being green! They want to see a highly successful cryptocurrency business like Hut 8. Mine baby mine!
In latest quarterly filings management flirting with becoming an MVNO. Wow! A full-blown admission of their ignorance of what it takes to be successful as an MVNO. TNW Wireless can't even get their network up and carrying traffic. No subscribers, no roaming agreements, and no revenue.
The bottom line for UAMA is they don't have nor can they raise the needed capital to move forward. Assets depleted to pay creditors and employees gone. Seems it's down to Bert and Ernie to rebuild this failed enterprise if it, in fact, has any future.
UAMA is by any measure a truly troubled enterprise!
Bankruptcy has gutted UAMA, Investel, et al!
Virtually NOTHING LEFT!
Assets long gone after Court ordered assets sold to pay creditors in $47M bankruptcy before the Supreme Court of BC.
Employees followed assets or left to pursue other opportunities and UAMA et al left with nothing.
Where's management's explanation and a well laid out plant to re-construct the various companies?
Hint: THERE IS NO PLAN!
Seems they screwed up Blockdomes with land-use issues and Court-ordered shut-down for land-use violations. If you read latest UAMA filings they now admit that moving Blockdomes and restoring the land to pure agricultural use will be costly. Maybe Benoit Laliberte should have thought of that BEFORE he built in violation of land-use regulations. Seems like they may be treading on west ground if they are operating in contempt of Court. Further latest Quarterly Reports admit to problems with local power company serving Blockdomes and needed to file for creditor protection. Hmm! Wonder what the real story is here?
BTW Cetaq, UAMA et al did file an appeal to Court-ordered shut-down order of Blockdomes which they lost and attempts to take it to a higher court were also sidelined.
Meanwhile TNW Wireless a NON-EVENT. Benoit Laliberte screwed up the opportunity to take a market ready carrier and quickly build it into a $40-60M per year wholesale carrier. Presumably that's why Investel bought RuralCom, so puzzling! Benoit Laliberte had other plans though. He fired RuralCom CEO and lost the support of potential investors which he couldn't replace. He did reportedly try though and those investors sourced by the RuralCom CEO showed him the door. Guess they weren't impressed or was it his court convictions that scared them off?
In any normal Company Benoit Laliberte would have been fired and the former CEO re-hired to save the opportunity. Not so with UAMA though as apparently Benoit's ego out of control. Of course his convicted criminal status per The Canadian Press with the convictions on 44 counts of stock fraud, market manipulation and deceiving investors don't help.
So today UAMA et al are "untouchables" and they can't raise the capital to move forward. It should be obvious that UAMA has no path to any upside with the current CEO. His convictions can't be undone!
Key UAMA employees have left! GONE!
UAMA lies at top of this site!
Sandeep Pansesar left UAMA et al in fall of 2018.
Maxime Brazeau similarly left in 2019 and GONE!
Martin Reidy also left early in 2019.
Were they replaced? UAMA et al just an EMPTY SHELL and SINKING FAST!
TNW Wireless Inc. cellular network is INOPERATIVE and has been since 2018 so who needs staff?
All information that shows what a FRAUD that UAMA et al really is.
It's all an illusion from deeply troubled Blockdomes to TNW Wireless Inc. with no substance!
Under BENOIT LALIBERTE there is no upside for UAMA. None!
UAMA lies at top of this site!
Sandeep Pansesar left UAMA et al in fall of 2018.
Maxime Brazeau similarly left in 2019 and GONE!
Martin Reidy also left early in 2019.
Were they replaced or is UAMA et al just an EMPTY SHELL and SINKING FAST!
TNW Wireless Inc. cellular network is INOPERATIVE and has been since 2018 so who needs staff?
All bits of information that show what a FRAUD that UAMA et al is.
It's all an illusion from deeply troubled Blockdomes to TNW Wireless
Under BENOIT LALIBERTE there is no upside for UAMA. None!
Stick a fork in UAMA. It's done!
Blockdomes beset by problems. Court-ordered shut-down and restoral of land to agricultural use. Company discloses they may face high costs to restore and re-locate. Latest quarterly discloses problems with local power company for Blockdomes.
TNW Wireless a total disaster and failed to launch market-ready wholesale carrier business. Now desperate to suggest a future as an MVNO.
As someone who built the largest cellular resale business in the US I can state without a doubt that Benoit Laliberte, TNW Wireless or UAMA will fail miserably as an MVNO.
So where's the upside for UAMA. SPECIAL BULLETIN: There is none!
No future for wireless at UAMA! None!
Wireless initiatives total failures at UAMA!
They blew opportunity to build $40-60M wholesale carrier back following the purchase of RuralCom back in 2017. RuralCom had it all including spectrum licenses, roaming agreements, a working 3G network with path to 4G, a highly experienced CEO with the ability to raise capital.
Screwed up by Benoit Laliberte who figured he'd fire the RuralCom CEO and go straight to the documented investors. Needless to say they bolted and the business failed for lack of direction and needed capital.
It seems like failure is in the DNA of Benoit Laliberte!
Now the latest quarterly reports and financials are suggesting that UAMA is looking at launching an MVNO. Given the past failures and total lack of the needed skill-sets and capital this is simply a pipe-dream which will predictably fail on the launch pad.
Wireless initiatives total failures at UAMA!
They blew opportunity to build $40-60M wholesale carrier back following the purchase of RuralCom back in 2017. RuralCom had it all including spectrum licenses, roaming agreements, a working 3G network with path to 4G, a highly experienced CEO with the ability to raise capital.
Screwed up by Benoit Laliberte who figured he'd fire the RuralCom CEO and go straight to the documented investors. Needless to say they bolted and the business failed for lack of direction and needed capital.
It seems like failure is in the DNA of Benoit Laliberte!
Now the latest quarterly reports and financials are suggesting that UAMA is looking at launching an MVNO. Given the past failures and total lack of the needed skill-sets and capital this is simply a pipe-dream which will predictably fail on the launch pad.
Any UAMA MVNO will be COLOSSAL FAILURE!
Has UAMA moved MVNO forward? Doubtful!
UAMA will need to:
a) Gain a resale agreement from one of the facilities-based carriers in BC and the Yukon. Has that been done?
b) Find a source of the phones subscribers WANT to BUY! Offering low cost junk won't persuade the public that any MVNO is REAL! How will UAMA finance the inventory and employees to actually activate the phones?
c) Set up Tier 1 customer service and make it available 24/7/365. How will UAMA finance this?
d) Figure out a workable marketing plan that makes UAMA (likely TNW Wireless Inc) competitive in the marketplace. Who plan architect be? Benoit Laliberte? Lawry Trevor-Deutsch? Both lightweights with no relevant experience or success in this area.
e) Start the process of advertising and building on the "brand". How will UAMA finance this?
f) Find, build and staff retail locations where potential subscribers can visit to see and feel the different phones, tablets and other devices and make purchases. How will UAMA finance this?
Given that the old 3G wireless network in the Yukon and Northern BC is said to be INOPERATIVE it seems that any discussion of setting up an MVNO is a pipe dream! I built the largest cellular resale operation in the US and I know first-hand what it takes to launch a successful operation.
UAMA lacks all of the industry relationships, industry knowledge, talent pool and capital required to effectively launch a successful MVNO in Canada.
1Q Report says looking at MVNO in Canada!
Has UAMA moved MVNO forward? Doubtful!
UAMA will need to:
a) Gain a resale agreement from one of the facilities-based carriers in BC and the Yukon. Has that been done?
b) Find a source of the phones subscribers WANT to BUY! Offering low cost junk won't persuade the public that any MVNO is REAL! How will UAMA finance the inventory and employees to actually activate the phones?
c) Set up Tier 1 customer service and make it available 24/7/365. How will UAMA finance this?
d) Figure out a workable marketing plan that makes UAMA (likely TNW Wireless Inc) competitive in the marketplace. Who plan architect be? Benoit Laliberte? Lawry Trevor-Deutsch? Both lightweights with no relevant experience or success in this area.
e) Start the process of advertising and building on the "brand". How will UAMA finance this?
f) Find, build and staff retail locations where potential subscribers can visit to see and feel the different phones, tablets and other devices and make purchases. How will UAMA finance this?
Given that the old 3G wireless network in the Yukon and Northern BC is said to be INOPERATIVE it seems that any discussion of setting up an MVNO is a pipe dream! I built the largest cellular resale operation in the US and I know first-hand what it takes to launch a successful operation.
UAMA lacks all of the industry relationships, industry knowledge, talent pool and capital required to effectively launch a successful MVNO in Canada.
UAMA cannot launch a successful MVNO!
Has UAMA moved MVNO forward? Doubtful!
UAMA will need to:
a) Gain a resale agreement from one of the facilities-based carriers in BC and the Yukon. Has that been done?
b) Find a source of the phones subscribers WANT to BUY! Offering low cost junk won't persuade the public that any MVNO is REAL! How will UAMA finance the inventory and employees to actually activate the phones.
c) Set up Tier 1 customer service and make it available 24/7/365. How will UAMA finance this?
d) Figure out a workable marketing plan that makes UAMA (likely TNW Wireless Inc) competitive in the marketplace.
e) Start the process of advertising and building on the "brand". How will UAMA finance this?
f) Find, build and staff retail locations where potential subscribers can visit to see and feel the different phones, tablets and other devices and make purchases. How will UAMA finance this?
Given that the old 3G wireless network in the Yukon and Northern BC is said to be INOPERATIVE it seems that any discussion of setting up an MVNO is a pipe dream! I built the largest cellular resale operation in the US and I know first-hand what it takes to launch a successful operation.
UAMA lacks all of the industry relationships, industry knowledge, talent pool and capital required to effectively launch a successful MVNO in Canada.
Has UAMA moved MVNO forward? Doubtful!
UAMA will need to:
a) Gain a resale agreement from one of the facilities-based carriers in BC and the Yukon. Has that been done?
b) Find a source of the phones subscribers WANT to BUY! Offering low cost junk won't persuade the public that any MVNO is REAL! How will UAMA finance the inventory and employees to actually activate the phones.
c) Set up Tier 1 customer service and make it available 24/7/365. How will UAMA finance this?
d) Figure out a workable marketing plan that makes UAMA (likely TNW Wireless Inc) competitive in the marketplace.
e) Start the process of advertising and building on the "brand". How will UAMA finance this?
f) Find, build and staff retail locations where potential subscribers can visit to see and feel the different phones, tablets and other devices and make purchases. How will UAMA finance this?
Given that the old 3G wireless network in the Yukon and Northern BC is said to be INOPERATIVE it seems that any discussion of setting up an MVNO is a pipe dream! I built the largest cellular resale operation in the US and I know first-hand what it takes to launch a successful operation.
UAMA lacks all of the industry relationships, industry knowledge, talent pool and capital required to effectively launch a successful MVNO in Canada.
UAMA's lies re iPCS. Not yet patented.
In the patent world applications are heard on a timely basis, so it can be reasonably assumed that the USPO has turned down the applications for iPCS.
It was a useless piece of technology in any case and WORTHLESS.
Notably NO CARRIER anywhere in the world had enough interest to event conduct a field trial.
Even listing it and discussing it is pure fantasy and a fraud. It's junk, plain and simple!
TNW Wireless in violation of TERMS OF LICENCE!
No working network and not serving the public interest.
No subscribers, no roaming agreements and no revenue.
TNW Wireless is failing to live up to Spectrum Licence, Terms and Conditions.
ISED may REVOKE the licenses!
TNW Wireless network is Inoperative.
No local subscribers, no roaming agreements and no revenue.
TNW Wireless is failing to meet ISED Conditions of Licence.
Will the spectrum licenses be REVOKED?
UAMA Wireless Network Inoperative. Dead!
UAMA continues to fraudulently claim that the cellular network along the BC Coast and the Alaska Highway is in service.
Reality check: Network in both areas is INOPERATIVE, meaning TNW Wireless Inv. (the licencee is not operating in accordance with ISED requirements.
SEC will prosecute for fraudulent filings!
SEC revoked listings of both Inelco and Teliphone.
Could SEC REVOKE UAMA just like Inelco and Teliphone?
Inelco and Teliphone also run by Benoit Laliberte! All shareholders will be wiped out! History will repeat itself with these fraudsters!
SEC action supported by case law!
Nearly identical infractions though Benoit Laliberte was found guilty of 44 of 48 counts of stock fraud, market manipulation and deceiving investors. So Laliberte clearly outclasses Brooks on number of convictions!
Read the link to see how the SEC prosecuted this identical case:
https://www.sec.gov/files/Judg12-cv-02716Brooks.pdf
Should be a "plug and play" case for the SEC with UAMA and Mr. Laliberte and likely just a matter of time before action taken.
Formal complaints have been filed with SEC and now at State level.
Maybe, just maybe, due to volume of prior convictions in Canada they'll set fine far above level he can pay and he'll face the incarceration he should have received in Canada.
UAMA CEO, CFO knowingly filed fraudulent Pink Quarterly Reports!
Clearly fraudulent misrepresentation as Mr. Benoit Laliberte was convicted in 2008 and 2009 on 44 counts of stock fraud, market manipulation and deceiving investors.
UAMA filed fraudulent Pink reports in 2019 & 2018 and those Reports signed by Benoit Laliberte in his roles as President, CEO and CFO of United American Corp.
Benoit Laliberte, President, CEO and CFO of United American Corp (UAMA) claimed "NO" to questions on convictions within the past 10 years.
The evidence is clear (See 2019 Q1 & Q2 and 2018 YE Pink Quarterly Reports disclosure documents) and note responses to #8 of the Pink disclosure documents.
Look at Intro to United American Corp. Mostly BS.
Check out the website addresses:
BlockNum gone and for sale!
Same for Blockdome Data Centers, though love the "comming soon" (SIC). Guess it didn't mean "coming" but something else!
All just part of the fraud that is UAMA. Suggest visions of grandeur and try to make it bigger than it is". Nothing here but the "ILLUSION OF PROGRESS".
Reality is that UAMA has no cash, incompetent management (they've proven this over and over to us), no plan and no upside.
UAMA has no inherent value and no upside!
1) Company suddenly pivoting back to wireless as cryptocurrency mining seems a royal disaster. Court ordered shut-down of mining operations and rostral of land to agricultural use. If property still housing miners are they operating in contempt of Court? Add to that the admitted troubles (see 1Q-2021 Quarterly Report) with the local power company. All SOP for this incompetent management team.
2) Seems both AMF Cease Trade Order and OTC Markets "skull & crossbones" warning are sticky. Maybe regulators understand more about this fraudulent enterprise than we give them credit for.
3) Take a look at the unaudited financial statements. Do they make any sense to you?
4) Where are the cash reserves ($599.00?), capital raising to fund these new alleged ventures and to bring the other ventures to market like the laughable MVNO mentioned in recent releases!
UAMA et al Benoit basic business model "don't pay"
Finally everyone understands that Benoit Laliberte regularly breaches agreements, even at one point garnering an on-the-record acknowledgement from a Supreme Court Judge.
As a result UAMA et al can't get credit or financing.
Of course, the criminal convictions (per The Canadian Press) of Mr. Laliberte on 44 counts of stock fraud, market manipulation and deceiving investors ensure no institutional money will provide any financing.
UAMA history worth reading! Nothing left!
Investel/TNW/Benoit defaulted on the Bond facility in 2016. That, among other things, resulted in the op-co seeking creditor protection under the CCAA. The CCAA, while ongoing, resulted in the sale of the TNW infrastructure and customers to Distributel. Proven debts in the CCAA proceeding were in excess of $60mm. The basic business model was to buy assets and subsequently not pay for them. There are over a dozen lawsuits outstanding in this regard.
Bond also appointed the receiver more recently over Investel to recover any assets that were outside of the CCAA proceeding, including the patents, the wireless licence, etc.
UAMA CEO knowingly filed fraudulent Pink Quarterly Reports!
Clearly fraudulent misrepresentation as Mr. Benoit Laliberte was convicted in 2008 and 2009 on 44 counts of stock fraud, market manipulation and deceiving investors.
UAMA filed fraudulent Pink reports in 2019 & 2018 and those Reports signed by Benoit Laliberte in his roles as President, CEO and CFO of United American Corp.
Benoit Laliberte, President, CEO and CFO of United American Corp (UAMA) claimed "NO" to questions on convictions within the past 10 years.
The evidence is clear (See 2019 Q1 & Q2 and 2018 YE Pink Quarterly Reports disclosure documents) and note responses to #8 of the Pink disclosure documents.
UAMA CEO knowingly filed fraudulent Pink Quarterly Reports!
Clearly fraudulent misrepresentation as Mr. Benoit Laliberte was convicted in 2008 and 2009 on 44 counts of stock fraud, market manipulation and deceiving investors.
UAMA filed fraudulent Pink reports in 2019 & 2018 and those Reports signed by Benoit Laliberte in his roles as President, CEO and CFO of United American Corp.
Benoit Laliberte, President, CEO and CFO of United American Corp (UAMA) claimed "NO" to questions on convictions within the past 10 years.
The evidence is clear (See 2019 Q1 & Q2 and 2018 YE Pink Quarterly Reports disclosure documents) and note responses to #8 of the Pink disclosure documents.
SEC will prosecute for fraudulent filings.!
SEC revoked listings of both Inelco and Teliphone.
Could SEC REVOKE UAMA just like Inelco and Teliphone?
Inelco and Teliphone also run by Benoit Laliberte! All shareholders will be wiped out! History will repeat itself with these fraudsters!
SEC action supported by case law!
Nearly identical infractions though Benoit Laliberte was found guilty of 44 of 48 counts of stock fraud, market manipulation and deceiving investors. So Laliberte clearly outclasses Brooks on number of convictions!
Read the link to see how the SEC prosecuted this identical case:
https://www.sec.gov/files/Judg12-cv-02716Brooks.pdf
Should be a "plug and play" case for the SEC with UAMA and Mr. Laliberte and likely just a matter of time before action taken.
Formal complaints have been filed with SEC and now at State level.
Maybe, just maybe, due to volume of prior convictions in Canada they'll set fine far above level he can pay and he'll face the incarceration he should have received in Canada.
Flag still up on UAMA and OTC Markets warning.
AMF Cease Trade Order and OTC Markets warning seem sticky!
UAMA has no working capital, no plan and no upside!
MVNO not a viable option. Takes too much capital, a dedicated team and people knowledgeable of the wireless industry in a highly competitive market. Benoit Laliberte blew opportunity to monetize RuralCom as a wholesale carrier with roaming agreements with AT&T, Sprint, T-Mobile and Verizon.
Blockdomes nothing but a sophomoric high-school level science experiment. Seems can't even be patented and now facing court-ordered shutdown and troubles with power company. On the former likely questions regarding potentially operating in contempt of court. Had to seek creditor protection with the power company likely over unpaid bills.
UAMA a troubled enterprise with incompetent management that manages to screw everything up.
Note substantial drop in revenue from previous years, no cash on hand and odd-looking financials.
UAMA CEO found guilty on 44 counts!
Benoit Laliberte was found guilty on 44 counts of stock fraud, market manipulation and deceiving investors.
Today UAMA is a worthless enterprise with no cash, no progress and slipping revenues. All under his watch.
Don't expect any upside at UAMA.