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And the dickheads always criticize. I have more money than I need. I do this solely to benefit the OTC. Unfortunately there will always be degens.
I'm checking out. Never had more than a couple hundred dollar in this stock anyway. Arguably one of the better OTC stocks here. Anything without dilution is a gem.
It seems this board cares more about dropping the price than supporting the CEO. I got no need for negative energy. Good luck getting past all the resistance created between 005 and 01 if you're excited about the price dropping below 005.
OTC never learns IMO.
I read the PR, but he has no reason to bullshit. Alex or his investors are not selling shares... II would question everything if they were dumping shares. But they are not. A few select shareholders with their own agendas are mainly dictating the share price.
BTW, I have raised over $10M in capital without and audit. Again, I agree 100% that it legitimizes the quarterly and annual filings.
Yes there is. There is a legally binding Press Release. Read today's BLBX press release which is about a non-binding LOI. There is a big difference between a contract and a non-binding LOI.
UATGs timelines and not black and white but the value of the contracts are legitimate.
I agree with the audit, up-listing, video updates all that stuff. It's all important. With that said, I'd rather Alex prioritize his time building his business right now which to me means securing financing and revenue. The audit, etc, can come later.
I've raised significant capital personally and was never asked for an audit. Government filed tax returns and asset were sufficient along with a solid proforma to justify the capital requirement. It also depends what the financing company's underwriter needs to satisfy their risk tolerance.
Show of hands. Who here has raised $50m?
Degens spoofing the ask again ...
Can't agree more. The bulls and bears here are a joke. Talk more shit than an outhouse.
This is why OTC sucks. Alex has delivered an respectable annual report, none of which has been priced in to UATGs valuation. Reading the posts on this board, all everyone is looking for is more - more financing, more partnerships, Alex's BS, another video, blah blah.
When are shareholders going to recognize the efforts Alex made to legitimize a business, "produce" new revenue, "contract" new business, convince existing investors not to sell, not dilute, etc. Every OTC and BB company is doing exactly the opposite - they are selling shares, spending insane amounts of money and producing embarrassing financials statements.
If I were Alex, I would raise the AS and introduce an offer ... maybe doing something dumb like everyone else will get some shareholder attention. OTC sucks because there is no bid support. Just a bunch of sharks sitting low bid waiting for blood. Bunch of lying shorts talking about selling shares they don't have while borrowing a few to spoof the Ask.
I challenge anyone here "who has actually built a business" to come back with a actual valuation based on the operations and revenue that Alex has built.
This is why OTC sucks. Everyone has given up. No fire left even for the good companies.
This is the ONLY OTC stock I own and will continue to buy and hold. It is ONE of the ONLY companies not dumping shares on holders (OTC & BB) and continues to execute to grow operations in a shrinking global market.
OTC sharks sitting low bid waiting for blood. No shark hunters to be seen anywhere....
Boats circling looking for the opportunity to dump their nets on young fish ...
1.2M shares short borrowed this morning.
1.53M Buy vs 0.57M sell
0.14M unknown
Far more buying than selling .... He's covering ...
Naked shorts everyday. I can only imagine the size of the open position here.
I actually hope Alex drops fantastic news to let these degens sweat.
Those shares dumped out at 0058 was the dumbest shit I've seen in a while.
Fintel data showing 4.8M short shares borrowed and returned.
Todays price action says a lot. Lots of buying into the long weekend. It says, longs believe in Alex!
Agree 100% with the buyback vs. audit-uplist!
Clearing some room in the OS and taking some shares off the trade would benefit the PPS more than an up list IMO. This is a bear market and the price will slowly be faded back again if there is any risk of an AS raise or RS.
I trust Alex will not do either, but an outsider looking in does not have the same knowledge about the stock as we do.
Love the strategy dumping 14M shares LOLOL
Degens back spoofing the ask. Never learn. You can never really win a game played by one.
1.2M shorts shares borrowed and returned today per Fintel data.
Looks like this range is the new base. Next significant PR could mean a retest of 015. Who know where it goes from there but I have my eyes on the top of that cup at 0381.
Dickheads spoofing. That's it.
Take out enough of the ask and it will vanish.
Don't sell and spoofing is something to look at, nothing more. This so called person selling 14 mil is either full of it, or not smart.
Sorry one other point. In my opinion, we shareholders have been hard on Alex. We find every reason to pick, but do not recognize and reward achievements.
Maybe the bearish market has turned everyone negative. This stock remains one of the better PINK sheets if you look at its revenue, net profit OS, debt and convertibles.
Yes audits and up listing legitimize the business, but there are just as many QB and BB scams as there are Pink Sheets. How may BB stocks have we seen diluted or naked shorted to hell.
I don't disagree, but Im not concerned if Alex focuses on revenue and financing vs. audits and up listing.
Just my opinion.
Audits are expensive and very time consuming. I have done many.
I would rather he spend his money and time on building his business. If it were me, I would come back to audit when the business was big enough to support staffing, so that he could offload the work.
An audit only protects us shareholder. It does not offer Alex much benefit right now but will consume time and financial resources.
The $50M in H2O contracts were signed in Dec 2022. We knew revs would not should up in this annual report.
Good news
- still reporting $12.9M equity vs. current $6.6M MCAP
- Revs are up and net loss dropped. Breakeven in 2Qs.
- They included $7.6M of the H2O purchase contracts and remarks about the $50M. No accountant would agree to this if the contracts were a scam.
- near zero insider unrestricted and only 30M shares added since Dec 2021.
Bad news
- Still reporting a loss. This will slow bank financing because banks want to be paid. Alex touched on this in the video. Alex will need to prove that the new H2O revenue will turn income net positive, or assets can be sold to cover debt. If not, he mentioned client deposits are still an option.
BOTTOM LINE
- this is a classic "short" pump and dump. Create hype around an annual report which is insignificant right now. Then create panic around financials which are not that bad.
If you believe H2O is a real product, this annual is positive news.
Dont sell guys. Spoofing the ask means nothing if no one sells.
like clockwork ... yesterday 4.8M short shares loaned and returned to spoof the ASK and suppress price action.
https://fintel.io/ss/us/uatg
what will happen when the people selling shares run out of shares to sell ....
Fintel is reporting available shares dropped from 6M to 1.2M and then went back up to 6M today. This looks like a short order was filled and potentially cancelled.
The $50M contracts were 2023 (and beyond) revenues per company updates.
5M short shares loaned and returned again today in FINTEL data
Agree 100% except with the no shorting statement.
OTC needs legit CEOs that don't dilute. Alex is one IMO. Degens shorting and bashing this hate the OTC period. There are dozens of other diluting stocks to bash and short. IMO this one should be pushed up.
Fintel data says different though. Check it and see the swing in short availability.
https://fintel.io/ss/us/uatg
Alex has continued to deliver. He has only yet to deliver on Financing.
We need the idiot off the ask. Someone is using 5M shorts to spoof the ask to suppress price action. Black and white in the Fintel data.
I believe in Alex and what he is building. I'm not selling. The idiot can only play games for so long.
Spread the word. Once the wall is bought through, the seller will chase to cover the short.
He's got his business to $13M in equity, $1.4M annual revenue and $50M in contracts (and growing).
He is past toxic debt and into traditional methods of financing.
He's got first mover advantage on a critical technology as proven by recent train derailments and the need to be more creative with oil extraction.
He has done pretty good IMO. 10 years is not unreasonable to achieve what he has by turning a startup into a flourishing business. I doubt there are many - if any - people on this board that have accomplished what Alex has.
There isn't enough selling pressure for shorts to cover, so they aren't shorting 100% of their allocation.
Big moves ahead for UATG.
Short, cover, short, cover. Look at today's Fintel data. 4.8M swings.
Each time the price moves higher ...