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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Your conclusions about the company, how its performed and where its going dont really square up IMO. The company has been completely turned around by the same guy you trash. 4-5 yrs ago the company seemed stagnant with little volume trading at 0.0006 I believe. Now the company has actual products being sold in market, has real potential in several market segments and the company is not only making money for the first time ever it has consistently increased revs year over year at a current pps of 0.004 (almost a 600% increase I believe). All in 4 yrs or so? Not exactly the train wreck of fraud you keep complaining about.
Look, we just see it differently. I take a long view as an investment strategy and you are more living in the day which I understand.
Lol. The guy was successful before the company. he is the one that funded the company launch. Your DD is always so off
Exactly!? Dont worry, the minute UATG pps runs he will be gone.
Velcro shoes! lmao. I remember those when they came out and everyone wanted to wear them. Now only senior citizens and toddlers wear them. I see what you did there. Very clever
A few more than that. LOL. He knows how many shares I have and what percentage of the float it represents. I would rather not say here. He basically said he understood why I want a r/s and why I was frustrated but he has no plans of doing a r/s at this time. He wont make decisions based on what any single shareholder wants. He will always decide what is in the long term interest of the company blah blah blah. That was a couple months ago. Either way, 6.5 months and counting
I think youre right. Its not looking like hes going to do a rs. Very unfortunate. I told him I would give him to eoy to do one or some type of magic and I will but if he doesnt then I am dumping it all jan 1st
No he didnt. He said wait until end of year to have any further discussion about a rs. Someone wants him to do a r/s and it was actually not me this time. Nice to see that others see what I see and agree.
Uh yeah no. He said the opposite actually which is disappointing. A r/s MUST be done!
Something is coming.
You are welcome. Just bear with us a little longer. There is a lot on the calendar for release. Probably more than any previous year. Its all coming
— UAT Group - UATG (@UmbraAppliedTec) May 18, 2022
Something is coming.
You are welcome. Just bear with us a little longer. There is a lot on the calendar for release. Probably more than any previous year. Its all coming
— UAT Group - UATG (@UmbraAppliedTec) May 18, 2022
Sorry, I was at lunch and came back to yet ANOTHER meeting. I miss working from home. Got more done. What happened to all our msgs!?
They are sitting at 0.005 which is another 20% increase with a position of 10,000. They are just holding in the box. They will move their ASK up. Look at their BID. They are staying out of the way. If they had shares to sell they would be within 1-3% not 20%
Just ruffling feathers. Isnt that what we do here? Just talk BS for literally no reason? In the mean time I will buy some more.
Greed is good
Yes you did and since then they generated millions of dollars. lmao
Yes. After they secure institutional investment they will be building out manufacturing. Thats what he said but I dont think they are anywhere near that. Way too expensive in current environment. More cost effective to do what they have been doing.
I recall him saying they wanted to put that in place within the company because he wants to control manufacturing and supply chain. Future statement. They have not disclosed which 3rd parties they are using or how many machines those manufacturers have. Not sure that releasing that info is common.
After 20+ years of this business, you might be right lol.
A few more years and I retire. Hopefully UATG will contribute to that bu if they dont rs, reduce a/s and capitalize the company by EOY, I am selling it all.
They have said many times they use many 3rd party manufactures for now. When you do this you are competing with other customers for manufacturing run time. Many companies do this and complain about this which is why some companies decide to build out their own plants which is expensive. Thats why they are pursuing institutional investment
LMFAO, HIS CHILDISH DEMEANOR!? Oh you cant make this stuff up. Read the dumb questions and complaints. They obviously dont use any of the resources the company has put out. They keep getting caught saying the company didnt explain, mention or announce something and then the company references a video, tweet, or pr. If I was the CEO I would just ignore the stupid and lazy. Watch the videos, read the tweets and reference the PR's its actually really easy.
He is and his name is Elon. LOL
Company already addressed this and said they were disputing the taxes. Look at the year and the amount. Clearly something is wrong considering their earnings at the time. I also looked at the previous years and they had to have the taxes adjusted using the alternative method almost every year because they didnt make money and were being assessed on shareholder count. The people complaining about this irrelevant fact as if this has anything to do with pps or the companies current revenues/value are just looking for something to complain about or simply dont understand corp tax code and DE tax filings. As soon as they post the new revs and pps goes up, they will be gone like last time. Right now they think they look smart until it goes up and then they slither away without a word.
They have to report it as deferred because there is a contract in place/promise to pay (probably through a financial instrument in that industry) and it also creates a liability because its a commitment to deliver a product (they have to order materials and build which creates costs - COGS).
Its both! Its a liability until they finish manufacturing and deliver product. This is not brain surgery and is used by literally every company. To say its just a cost/liability is just ridiculous. Reading a definition doesnt mean you understand it. Its a principle for accounting revenues and costs not just a static definition.
They dont specify but it looks like they are reinvesting almost 70% back into inventory. Not sure how they are actually differentiating between public holding company expenses and subsidiaries as they are consolidated financials. My guess is that you are right and its for Hygieia Creams. If you check out "other assets" you will see they booked $7,623,789 (h2o contracts) and then under liabilities as a deferred payable/income. This is because they are choosing to report the gross consideration once PO is paid in full. Then there is no earned tax liability for this Q. Probably helps with their credit lines for operations. Under Note 8 pg 29, they sold 3 units s Deferred (unearned) income and a corresponding receivable until such time as the equipment has been constructed and delivered to the Customer at such time revenue will be recognized as permitted under GAAP (Generally Accepted Accounting Principles).They are most likely doing this for tax implications, credit management and because they are auditing and want to uplist so they are using GAAP per SEC filer requirements. They are probably in the middle of constructing the systems. Remember the CEO said that the lead times for parts and materials was like 10 weeks, so he knew that the units wouldnt be delivered until Q2 so he probably wanted to book it in Q2 as completed along with the other contracts they are getting ready to announce. Makes Q2 look even better on paper. Its all accounting and filing magic. Done all the time on big boards.
They could announce new contracts and it wont help. Like I have said, too many cheap shares in cheap hands that will flip for pennies instead of holding for real ROI. I mean, LT, there are people who dont even know how to read the Q and are clueless about GAAP accounting! CEO needs to realize that the TC market is not going to help him at this level. He has to R/S this sucker, lower the A/S by at least half, finish audits, announce the new contracts hes obviously holding back, File S-1 and go QB. Then he can get real funding. I know you get this but there are MANY who DONT. This companys long term survival depends on this CEO growing some balls and not listening to all the clowns. Hes done a good job so far but he has to go all the way. Then he can consider uplisting
Hopefully the weak will listen to those who dont know how to read the Q, panic and sell. We need to get rid of weak hands. This is another 1-2yr play as long as CEO keeps moving forward. Damn good start to the yr!
Im the idiot? My ROI is NOT down at all and you clearly dont know how to read a financial statement. FYI, ROI = Return On Investment which begs the question how could you possibly know any one persons ROI on UATG to calculate whether they are down or not? What is sad is that you actually believe you know what you are talking about. Like I said, really sad.
Wow! maybe if you spent more than 30 seconds on reading a Q you might actually understand it. Pretty sad. Anyway, great first Q. Looking forward to see where we land on Q2. Onward and upward.
Q was out BEFORE market closes, books $7,623,789 under assets (F-2, pg18) with footnote (Note-8, pg29) equipment under construction & might even be more but NOT less and w/ assets of $32M booked! Its like some here who are "psychic" are really NOT. I wonder what its like to be so wrong constantly? Glad I dont know. LMAO, now they will try to find something wrong so they arent "wrong" as opposed to owning stock in a company that is actually delivering. Ego maniacs. I would rather just get my ROI.
LOL, wow. HS tactics? At least we know you were there. For a period of time anyway.
Condescension and more insults? So when its given back to you, you dont like it and feign indignation. Sort of pathetic. still nothing to support your actual argument of why the economy was headed this way regardless of policies or management.
Been subpenny since beginning of April which you already knew since you posted about it then. For a guy who hates the stock and "allegedly" doesnt own any you really seem obsessed with harping on the stock. Tell us again how you dont have some personal grudge? LMFA. Sort of sad and pathetic but hey, its a free country you can waste your time however you like.
When I spoke with him a few weeks ago he said he would update us on audits in June. I suspect thats when they will be done.
If he bought stock based on inside info he knew he would go to jail. Every shareholder would flip because he made money on trading as well
Silly rabbit, revs, fundamentals and good business execution is for the big boards. OTC is all hype, specualtion and beer money trading. Flippers will never let this run. NEEEEEEEEEEEEEEEEEVER!
A rs will scare the shit out of the flippers because most people view it as ALWAYS bad. They wont come back because the pps will be higher than what they can invest in. Most pink traders like seeing millions of shares in their account rather than actual value because they are all hoping to win the lottery. The only problem is that most dont have the discipline to do what it takes to win that lottery. After rs, the company could decrease a/s with plenty of room for future issuance with institutional debt financing, convertible debentures or simply go conventional banking route after they are audited and file S-1. In the meantime, the pps will fall off a bit and stabilize higher than it was before; meeting NYSE mins. With cash position flush, edgars filed and real revs the company will attract investor and disciplined traders that will hold longer because the company will most likely still be undervalued. Its a little more complicated than that but trust me, its the only move they have left to make anything real of the public company.
11 yrs 5 months but whos counting?
No because hopefully the CEO will rs this ticker, lose the flippers and announce new contracts! Fingers crossed!
If he doesnt do rs or some magic, you are right. I am out by end of year if he doesnt grow a pair and do what is necessary. Without a rs this company is done. They cant raise ANY money at this pps, with this cap structure and with pink flippers! NEVER!!!! Even with a $100M in revs this company is at 0.10/pps with a maxed a/s! How they are going to raise millions of dollars and grow the business with no shares and at 10 freakin cents!? The CEO's job is to do the right thing to make sure the company not only survives but thrives! The rest will take care of itself. This is BUSINESS!
Todays video takeaway:
Ossifix: Demand is high and they are putting things in place to meet market demand to include registering for bone and tissue as well as building out their own facility.
NextCast: production begins this month after Ossifix production.
H2O Processing: New parts came in and they are expanding their capabilities to now treat crude oil because of an industry wide problem with heavy metal in oil. More demos planned. It sounds like they have multiple contracts already signed and will be announced after demo for crude oil cleaning.
Nathaniel Energy: PR is coming.
Banking: They are putting banking in place for contract financing and institutional investment.
Patents: Many patents to be filed.
CEO seemed upbeat and clearly has a lot going on in the background. Time to let the man work and deliver us our ROI.
Complain that they go quiet and then complain when they actually put an update out that actually had really good news!? When will this CEO learn? He should have just ignored everyone, kept doing what he was doing and then..... reverse this sucker and get rid of the weak.