Umbra Applied Technologies Group Inc (UATG)

[Gordo56]

CEO didnt take salary for first 3 1/2 years. Hes taken salary intermittently over the past 1 1/2 years but I have not seen anything over $50k for that time period. He used his own cash to start the company and then brought on friends and associates to fund the rest. I believe that the initial total was about $3M of which he put in 1/3 of that. They have raised approximately $5M-$6M since the beginning.

He has sold no shares and none of management is allowed to sell per company rules. I checked and there are no 8K filings showing selling by insiders or management.

This filing is a 3a10 and is settling debt owed. I dont think its anything underhanded