Umbra Applied Technologies Group Inc (UATG)

[Gordo56]

Reaching a penny by the end of this week is a tall order in my opinion. As for a buyout, how can that happen with no sales? It will be months before they can merge and that would mean a lot of legal work which takes time and then of course both parties have to agree on everything. I have been through this sort of thing before and it's slow. I also think revenue has to be in place before you can come up with an evaluation unless it's strictly going to be done based on intellectual property. If that's the case, then it will be a low evaluation right? Can't be more than $35M?

Obviously the company has something up its sleeve and everything points to a merger but we still need more information because we are definitely missing some pieces here. I know big companies buy small start-ups and a contract with DARPA or military could even increase share price but it would have to be a multi- million dollar deal. Even a $100 million dollar deal, like the one some speculated on (which I find very unlikely on socks or medical devices), would only increase the share price to around 0.30/share. While that would be great it's not NYSE territory. That's why a merger seems more likely but who knows, maybe he has something planned that incorporates both a contract and a merger? That would be impressive for sure.