Slow and steady wins the race
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It is a great idea. One we should all support but won’t.
They understand. They don’t care. No matter what this CEO does they will complain. Mark my words, they will complain when the pps goes up, when they merge and when they uplist. Of course they will have good reason I’m sure. Lol. They always do
Of course it’s to help their media presence. How is that bad? Why would so many complain about a company putting in an effort to improve things? At some point yall are just going to have to come right out and say that no matter what the company does you will hate it and it’s CEO.
Let’s keep it on the ticker not each other. No need to insult one another. It’s been a rough few years with the stock but things are looking up. Let’s just stick with that.
Mcol does have a point though. Anyone have any real information or anything helpful that we can use?
Lol. You will have to be clearer Litar. He doesn’t get this boards sarcasm yet. He doesn’t realize you are saying else works for the company. Give him time. He will become cynical soon enough.
It won’t matter when they deliver for holiday sales. Folks here will find something wrong to complain about. Mark my words. This company could go on to make $100k a day and folks here will say it took too long, Alex is bad, and he needs to be thrown off a cliff.
Lol. That was funny.
Again, I have to correct bad DD. The first round of socks are made in China. Everything after that is made here in USA. I asked about this personally. The prototyping is done in China because it’s around 10% the cost of what it would be here. Something to do with sewing costs. The tech that makes it antimicrobial is made here in USA. Always has been since beginning. You really should call the company and ask these questions. Not that it really matter to me where it’s made as long as the company makes money. iPhones are made in China. No one cares.
I have never accused you of whining. I have said it is not helpful to complain all the time and I didn’t mean it as an insult.
The pockets you mention are a bit off. The CEO has personally put his own money into the company. On more than one occasion. Read the financials. The man has over a million cash in the company. He also has several other funding sources. I don’t thinking’s accurate to say that the few on this board with a few thousand dollars each in are the reason the company has what it has. UATG raised around $5-6M if I’m not mistaken. $2-3M went to UAT the rest went to the crooks misspending that he fired. The company has accomplished a lot with $3M which is really not a lot of money when you consider you have to buy equipment, do R&D and pay folks. Manufacturing is expensive and technology research even more expensive. I invested quite a bit in a few tech companies on NYSE and NASDAQ and they spent tens of millions on research alone. Of course they are doing much better than UATG but I do believe that’s because they had access to more funding all at once.
They have quite a bit of equipment but they still outsource some manufacturing. They have a few offices but I believe manufacturing and prototyping is done in the great state of Texas where their R&D facility is. I am not sure how much was spent on the faculty or equipment but it’s a lot I’m sure. Machine shops are not cheap and UAT has enough there to make just about anything. Last time I spoke with company they were planning on expanding it. The CEO wants to make everything in house
Well I can’t say I agree with your prediction of the pps falling all the way to zero I can say with confidence that I think your math is off about what it will take to move the pps to a penny. It will take the float being turned over several times to see the price go penny land and above. It will take many weeks of trading 100M shares days to achieve what you are suggesting but the good news is that this stock has had many days of trading big numbers with many days being well above 50M shares in a day. So it is possible but might take some time or something big like a huge contract or huge revenues.
Too many have bought in at the trips and they will sell as the price moves up little by little. Very few that have been manipulating will hold long enough to let it go up. It’s just what flippers do. They flip.
I understand your point though.
Lol. Only traders think the share price is the most important thing. That proves the CEO is not a typical penny stock con man. He’s an operations fella and is more focused on building an actual business. That’s why I’m optimistic in my investment coming back around. Stock games are dangerous and short lived. Building a business slowly and carefully will last.
They have been showing you the money with month over increases. I suspect your issue is more about pos then the company’s business. Two separate things just as the CEO has said MANY times.
Again, your facts are off. It wasn’t him that crashed the company. It was the folks that did things behind his back and played games with the stock. He fired them and went to work fixing everything. It is because of him that the company is still here, debt has been reduced, stock is trading, company makes a real product they sell and the company is making money. Do you remember when the stock didn’t trade regardless of the pps and when the company made and sold nothing? The company turn around and improvement is undeniable. IMO
Yes he’s made mistakes but hold him accountable for those and give credit where it’s due. If it wasn’t for him our stock wouldn’t be worth .0007 it would be worth zero! Before you say it is basically worth zero or it mine as well be let me just say this, if that is true then why don’t you just sell everything? The reason you don’t is because it’s NOT worth zero, it is worth something and there’s a chance the price will go up and you will not only make your money back you will make a profit. That’s what we are all hoping for.
I have also seen where folks here say things like “the reason the stock is trading or the reason they are making anything at all is because he took the money from shareholders by diluting us”. Here’s the problem with that thinking; that is exactly what we as shareholders are for! We buy stock and the money is used to fund the company! Why else do you think companies go public? Surely you can’t believe it’s because they want our opinions or that they are only doing charity to make us all money? Our money funds the company and that’s exactly what has happened here. Look at everything they have researched and developed. Of course there have been mistakes and I am not happy about that and I am not happy about how long it’s taken to fix but I am happier that they are actually heading in the right direction for once!
Just trying to keep the facts straight and things in perspective.
Don’t fret it fella. I couldn’t have said it better myself. They are entitled to their opinions. I just try to keep the facts straight here. People have lost money and are rightfully angry but emotions tend to cause the facts to be distorted. I suspect next year they will be singing a different tune. Until then don’t let them ruffle your feathers. They are not bad folks, they are just mad about losing hard earned money for now. As long as they don’t sell they won’t lose. You only lose when you sell right?
That’s the right attitude. Mistakes have been made in the past. MANY mistakes have been made but they are in the past and the company is actively working to fix things. What more can we ask of them? That alone proves they are real and intend to be real. That’s a heck of a lot better than most pinks.
I support the company because they have always planned and worked to deliver. It took a while but they have finally delivered. I have personally spoken with the CEO as many here have and he seems to be trying and succeeding in many ways to turn company around. He’s never quit and is delivering. Of course it’s slow and painful but it’s happening. He always replies to emails and phone calls. Even when people are angry with him and things aren’t going well. How many CEO’s have you seen do that. You got in at the right time. The rest of us were too early. IMO.
They make the silicone. I’m sure everything else is made by Nexcast. They probably have all the components to make sure that the part Hygieia makes fits and functions properly. It’s manufacturing and quality control. The one thing we know about UAT is that when they finally put something out it’s very high quality. Look at all the testing they do on the socks. This is their first partnership/client with a company. I’m sure they don’t want to mess it up
They did. Twice. I don’t mean to insult you or anyone else but this is part of the problem here on this board. Incomplete DD followed by accusations and negative commentary. We can’t invest in a company without taking in ALL the facts. IMO
The problem with this company is not that it’s a scam or they are all liars. The problem is they consistently set unrealistic deadlines and then deliver late but they do deliver. Maybe not when or what we want but no one can deny that they have and continue to deliver. They turned the company around and actually started producing a product and revenues. Those are actual facts. Now they need to get their act together and start hitting the dates on the deadlines they set.
No need to clarify in my opinion. Just read the press releases on it. I believe there were two. The fist one was in mid October of last year. It clearly said that UAT was manufacturing the antimicrobiano silicone surface. They are making a part for another company. It’s done every day all over the world. GM doesn’t manufacture every part of the cars they sell. Why should nexcast be any different
We aren’t. We are showing what we are making for another company’s product. We make the rubber part with Hygieia. We are showing what we can do for other companies. It’s advertising. Why would anyone complain about that? Don’t you want the colony to make or put Hygieia into other companies products like an iPhone screen, door knobs everywhere, light switches etc? That what the CEO said he wanted to do and it looks like he’s doing it!
That’s not what the post says. You should go to Facebook and read it. Looks like we are partnered with Nexcast by making some of the parts
I don’t recall saying that but I do believe UATG to be an opportunity. You are new here but are quoting me from when? Lol. Very odd
Not sure I follow
I understand but what should he actually do? I see a lot of complaining, comments about what should not have happened (we don’t have a time machine so not much help other than just stating the obvious) and suggestions about what he shouldn’t do but nothing on what he SHOULD do and how he should do it. Then you have those who refuse to call the CEO with their suggestions or fixes. How is any of that helpful?
That’s the only point I was making and have been trying to make for a year
I have many times.
The reason its not a total loss is because theres still a company that can come back and has already improved. If they would have closed the doors I would have been guaranteed the loss instead of what appears to be a company turning it around.
The reason I give the man the benefit of the doubt is because he stayed when he didnt have to and he helped those of us he didnt have to when we were caught up before he came on board.
As for lies, He has never lied to me. The products he announced are real because we have seen actual products in videos and in pictures although they havnt been released which has been frustrating. I ma glad they are doing one product at a time though. Shows they are focused and revenue shows they are succeeding. Thats my two cents
Debt to Rigid/Next Cast was on the books for more than 3 or 4 years. The debt had to be paid. The socks have been out for just about a year (I was one of the first orders I was told and that was in September of last year-so 13 months ago). Your facts/DD is off.
They have a viable and successful product. What are you complaining about the CEO for? If he is the one that "killed" the pps then he also must be the one that made a product successful right? You cant have it both ways. If you blame him for one and dont give him credit for the other then what does that really say? If he is in charge of everything when there are failures then hes also in charge when there are successes.
You mention "real" tech? What do you call Hygieia? Fake tech? I have been around damn near 6 years and now that they are finally delivering I am giving the benefit of the doubt. Doesnt make sense to criticize a company that is actually producing? odd?
Poor decisions? Terrible CEO? I guess I would have been better off as well as thousands others if he just shut the company down 3 years ago so we could all lose our money instead of building a company and finally making it profitable for the first time by delivering a real product? Again, I am no cheerleader for the CEO especially since he has refused to consider my very reasonable requests to turn the pps around quicker but I can at least acknowledge the things he has done right.
Complain about things taking too long, complain about delays, complain about deadlines not being met, complain abut the pps or not managing shareholder expectations better but lets not make things up like the CEO is the devil and has done nothing right. Mistakes have been made, a lot of mistakes have been made but keep it in perspective and most of all keep the facts straight. JMO. I am signing off folks. good luck to you
Spoke with CEO. He refuses to do a RS and maintains that sales are doing well and the company will be in a different position soon. He is also going to be in TX this week so I will be meeting with him if at all possible. I wish everyone the best. Good luck with everything
On with him now. Be right back
Merger does NOT equal a RS. There would be a conversion but no one would be RS out. Thats the problem, we need flippers to go elsewhere and I am done waiting.
He said they probably didnt need to do it remember? Thats when I started thinking that my guess about an M&A transaction was correct along with a few other things that they have done
No one is going to doubt the company will deliver on business when the company has and continues to deliver on business. Its the trading thats a problem not the the subsidiary company selling products. IMO the company needs to get rid of the pinks and bring new capital into the company by uplisting. Retail is expensive and they need to move on
Share value will be just fine IMO. Depends on the RS and what is happening with the company. Float will tighten up but then that gives company to build market liquidity slowly instead of conversions. We could have a brand new security in 3 months. That is if they dont merge first and share structure is reorganized. Either way shareholders will win, and flippers can no longer manipulate the stock. It would also send a very serious message to the MM's which I think is necessary
That comment just gave me a thought. Maybe now I can convince the CEO to do a RS and get rid of the riff raff. Maybe I can convince him that its taken too long and the people he is supposedly protecting are flippers and not shareholders that have been around for years and invested significant money. With any luck we can restart things after a RS at much higher stock price. That should calm things down quite a bit and give the shareholders an opportunity to start over in 2019. Wish me luck
They did release socks!
I agree Litar. There is no way that a company puts out a bunch of clothing in 2 months! Can you imagine the inventory costs alone!? Production> Marketing? Its ridiculous to expect ANY company to put out a full clothing line in two months. Especially this company. IMO
I forgot to ask about his arm. My wife might know but I didnt ask.
Athletic wear is not coming in the next 2 months and to be honest it is unrealistic to expect such a thing. They have done plenty this year if they release the socks and boxers
I just got off the phone with the company. They are doing clothing line. Obviously they have made various clothing models for the pictures. They are still working on different designs for the future (probably next year IMO) because as they have said MANY times the 2018 product line is already done for the year.