Umbra Applied Technologies Group Inc (UATG)

[Gordo56]

UATG IP valued at $35,493,200! Guys please pay attention when reading financials that have been prepared according to standard GAP accounting practices. If you look at their financials from 2 years ago and compare them to now, it is obvious that they hired a CFO who was also a CPA to come on board at that time. They obviously have been planning this uplist and these audits for at least 2 years! The IP is valued at over $35M because thats what they paid for the technology at the time. An adjustment is made because they paid mostly with equity as per previous filings. The rest was paid in cash. If you issue stock as an equity payment there is a deprecation applied because of the equity reduction. They wouldnt pay more for IP than it was worth obviously and consider appreciation after it is applied into product and funds in which indicates they have been able to raise millions. Almost $5M according this financial statement. Clearly thats how they have funded most of their research. Initially this company was started with about $5 million which would mean that they have managed to put an estimated $9.8 million into this company and its research. Thats why their products are so advanced and why this is one more reason this company is so undervalued. Research takes time and good quality products take even longer. The real test will be how well the hygieia products sell, how much revenue they generate, what their margins are and if they are able to scale up across all six of their hygieia products. Only time will tell