Sunday, July 26, 2015 4:59:56 AM
""UA Multimedia, Inc. (OTC Pink: UAMM) is a media company with holding in web and mobile applications as well as film production. They seek to create value through organic development, incubation and acquisition of media related assets.
The Company goal is to promote public awareness of the medicinal use of cannabis and to bring about a standard of quality to the fast growing medical marijuana industry via social networking venues.
They provide their products and services through two wholly owned subsidiaries: Galactus Global, Inc. and Coco Paris Media Inc - Galactus Global is a technology company that provides web and mobile app solutions using modern web technology and social media."
http://cannabissativa.co/articles/trade-telecommunications-hardware-stock-otcqbqfor-otc-pink-uamm-otc-pinkhpnn-otcqbmssd
UAMM is another penny stock scam where "Eric Brown" served as CFO until recently - allegedly he has recently resigned. Like WDRP, UAMM's pps is in freefall.
Galactus Global's CEO, one Robert Gross (nominative determinism writ large, no doubt),is also CEO, Secretary and Treasurer of Infrared Magnetism, Inc.
http://www.corporationwiki.com/p/2dh7l6/infrared-magnetism-inc
Looks like one of these situations where company management prretend to lend the company money - through another entity they control - in exchange for shares, as a method of siphoning any cash that might ever appear on the books.
Penny stock scamming for Dummies 101, and given who is really controlling this company, not very surprising.
"It is difficult to get a man to understand something, when his salary depends upon his not understanding it."
Upton Sinclair
"Nobody ever went broke underestimating the intelligence of the American public."
H. L. Mencken
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM