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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Lol. I tried my hand on OTC and dumped almost all of the tickers I bought in to within a year. Should have just stuck with the big boards.
God I am glad I got out of this last year. Got a notification and was wondering why pps was down 50%. 124M share in V? Looks like that discount on common stock in December is really paying off. lol. Over $2M in trading so someone is getting paid. Glad I finally got one right in time and dumped. Sorry to those who trusted Tom and held.
So why are you holding? If I was that far past everything I would sell just as I promised I will in January if hasnt rs the company and restructure everything by EOY
I agree. I believe CEO provided much of the funds needed for the company to survive. I know hes heavily invested as their largest shareholder/investor. Thats probably why its been so slow moving. Eventually even he has to run out of cash at some point. Glad hes working on or already has put in place actual traditional banking. Also, seeking institutional investment was way overdue and should now provide them with the funds they need to actually grow this thing. I assume he was waiting on income, assets and filings to get funding.
Yeah that guy is such a loser for taking the company from zero revs to increased revs every year. I mean what kind of a-hole CEO increases revs every year for 3 yrs and then has the audacity to close a contract worth more than every other year combined in the first Q of this year! And dont get me started on launching the other companies, making them profitable and being transparent and accessible to shareholders. Lets take that guy out back and beat the shit out of him. Then again....
Low V. People are still gone for the holiday. Hopefully tomorrow we see better V. At least we closed up.
I absolutely agree with you that he has made MANY mistakes and those mistakes have definitely had an impact, a negative one. I also think hes done some very smart things that have definitely helped the company begin to head in the right direction. I still disagree with him on several things. I dont think hes the greatest but he is not even close to the worst I have ever seen. I mean look at some of the CEOs running some of the largest companies in the world. They have cost investors far more than Alex ever could. The tax thing is a none issue for me because they have literally gone through that several times. They always get it resolved and I can tell you from experience that MANY companies have had that issue with DE.
There are so many variables its insane. Did he sell his previous home? What was the net of that sale? How much did he mortgage? Lots of people have mortgages. Youre reaching and I dont think anyone cares about a $750K house not that I believe he actually lives in one. When we looked in to him it was not even close to that. Tell me hes living in a $5M house then I might get curious but then again, how in the hell could UATG EVER provide that level of cash to date? They dont make enough money and have never had enough money to pull that off. You yourself have said the company has done nothing, is worth nothing and has not made any money? You cant have it both ways is all I am saying.
The guy was a professional for a long time and as you probably know but pretend to not know, he has worked with other defense contractors and government in private sector I believe. He also had other businesses if I am not mistaken. Doesnt really mater since he is the single largest investor on company record. He literally has more of his own money in the company than any other single shareholder. That includes any of us here now. Thats what you learn when you have been here as long as I and have been reading their disclosures since they started. Just go back before they switched public vehicles. The guy didnt take a salary I think for the first 6-7 yrs. Even then his salary was nothing compared to what I have seen in public companies. I also dont think frauds put their own cash in, put their name on a public company, take calls from shareholders, constantly put themselves out there publicly with investors or admit when they have made mistakes. The guy is not Jamie Dimon or even close to perfect and has made MANY mistakes (continues to do so IMO) but a con man? Give me a break. The guy has stuck it out and continues to try and improve the company. I will give you that he is doing it VERY slow and not the way I would but that doesnt make him a master villain.
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.