Mr. Canada, your conspiracy theories are almost accurate except they are not theories and there is no conspiracy. The individual who went off and started his own company called Next Casting is the same individual who worked at UAT for several years and designed many of the UAT products we are familiar with. I am assuming under the direction of one Mr. Umbra which would account for design similarities. It is also worth noting that any due diligence at all would have turned this fact up along with a few other pertinent facts: UAT has bought two previous companies started and run by this individual and 2) this individual still does consult design work for the company as listed in their financials.
I am not sure if its laziness, ineptitude or intentional but this type of so called DD followed by very sinister theories only serves to hurt a company, its PPS (that you say you care so much about) and the shareholders (like me).
I will ask again, because I still dont get it; where is the dilution when the Authorized has not been increased at all? Were you simply not aware of the Authorized count as you were unaware of many UATG facts/history? if it was increased and dilution were to be significant the authorized would have to be increased by more than 100%?
The real problem is the cap structure itself. The Authorized is far too small to be in keeping with traditionally solvent companies on the NYSE so how are they going to uplist? The answer MUST include an increase in the Authorized and announcement of revenues. Thats not magic or theory. Thats common sense and years of experience in the capital and securities markets.
The simple solution for this company and if Mr. Umbra were what you accuse him of being (a typical pink sheet CEO) then he, would do a RS and re-capitalize the company at a high PPS leaving the company with more equity held. For some reason this CEO is opposed to that? Why?
The only reason that makes sense is, because he doesnt have to do it! That brings up the most important question and one that we all should be thinking about: What does he have planned that makes it not necessary to restructure a 0.0028 stock with very little equity left to leverage?
Obviously he has something planned because everything we are hearing about now was planned over a year ago and I am sure if that is any indication at all, he has something planned for over a year from now. You want to make money? figure out what he has planned, what is next and how the heck we are uplisting to the NYSE/NASDAQ? That would actually be helpful as opposed to outrageous and slanderous theories.
