Your basic premises here are correct -
UAMM was a stagnant/failing movie company that on October 26th announced they would be reorganizing to enter the marijuana industry. (I'll put in italics why UAMM is a good investment, great potential....)
- They appointed Thu Pham as CEO, he has significant ties to the MJ industry including serving as Director in the Hemp Beer company Sipp Industries
- They are located in California, which is universally accepted to be the center of the MJ industry that will reach 20+ billion dollars by 2020.
Low "baggage"
- One of UAMM's top advantages. The Share structure- no convertible debt, no dilution, haven't touched shares since 2013, float 260 million, retiring 40 million (10% of all shares). We've gotten into all the details before, bottom line is the share structure is ideal and unmatched in penny land especially in the MJ penny land sector. As someone said "with this share structure, I'd buy shares if they were selling paper towels." This may be their biggest advantage as they make moves in the MJ sector and make any acquisitions/mergers.
-Management has followed through on everything since new CEO has taken over. We've been here since October and have seen: become OTC current, put out grow units, begin working on updating websites, name/ticker change underway. Appears they have a solid business plan and are executing without a glitch.
Is the jump from media to marijuana enough to warrant a big increase in price?
-2 websites related to MJ- Cannimedi.com and Cannaxa.com. This is huge. Cannaxa.com will serve as an ecommerce platform to market and sell turnkey indoor grow stations, LED lights, hydroponics and grow related products. Cannimedi will serve as an ecommerce site to market and sell wellness related products produced with cannabis derived ingredients. Company let Wanderport connection slip on last PR, that is an example of types of products they will offer.
-Look for more mergers/acquisitions in the future.
-There will be stiff competition in the MJ sector/industry, but what people do not realize is the actual size/scope of the MJ/MMJ industry that will explode in California. UAMM is going to carve out a niche and the websites are a huge advantage. The market cap is $6.4 million right now, a drip in the 20+ billion dollar industry. The potential here is huge...
Those are just some answers to your questions. Look at some posts and stickies here to learn more, hope you join the run, its just beginning....there are plenty of short term (name change, revenues, websites) and long term catalysts (mergers/acquisitions, more revenues, run up to rec MJ in Cali, execution of full business plan).
