Umbra Applied Technologies Group Inc (UATG)

[Gordo56]

I spoke with Mr. Umbra briefly last night. He called me just to check in which he does from time to time. I still find it surprising that a CEO would call shareholders directly. I cant fault him for caring about his company and its shareholders. I shared with him my frustration about the PPS and the the timing of the S-1. He assured me that audits while complicated are wrapping up. Once complete, the independent auditing firm they retained will take over and conduct their own audit. He now expects the S-1 to be Q1 of 2018. He also mentioned that the first shipment of socks are in customs and should clear this week with delivery to customers beginning next week. He explained that the first run of socks was done outside of the U.S. because of the costs associated with manufacturing particularly the cutting and sewing costs. Apparently the most expensive part of making the sock is in that stage because there are very few in this country that do it. He told me that the Hygieia technology is manufactured here currently and then the thread is sent overseas. He expects that all Hygieia products will be made here in the U.S. beginning in the next several weeks. He is apparently in the process of finalizing the agreements and securing the appropriate manufacturing site here next week.

I wont go into details but he did demonstrate an uncanny understanding of traders in the pink sheets and I I have to say he does seem to have pink sheet traders pegged but good. He asked that I be patient and not to get too worked up about penny stock traders. He expects that most of them will fall by the wayside once the price goes up. I once again asked about a reverse and he said that wont be necessary and for me to get it out of my head. He is not fond of the idea and I think I irritate him every time I bring it up.

I have to say that every time I speak with him I do learn something and am often surprised at the breadth of knowledge he has over so many things. I definitely knows alot about what he does which is comforting but I still worry that the previous folks screwed this thing up so much that not even a CEO like the one we have now can fix this. Only time will tell but at least Mr. Umbra seems very confident that the company is still on plan and on track to uplist. I just dont know how hes going to do it.

I did ask if he was merging with another company and he gave a very odd answer. He told me that "their were many ways to get from point A to point B and that he intends to explore all of them if for no other reason than to add to an existing strategy". He wouldnt expand further on that and to be honest I have no idea what that answer means. I guess we will see.