Umbra Applied Technologies Group Inc (UATG)

[Gordo56]

I think the debt consolidation is in preparation for a merger. They needed to clean up the books and restructure the capital structure of the company.

The trading today reflects the selling of security they used by whatever financial institution they used to pay the debt down as explained in the court filing for the 3a10. Taking into consideration the amount of shares sold it is very impressive how much was bought up and held at the current price. To me this indicates there is a lot of interest in the company by people who see the value in the stock.

I have been in for 5 years and over the past year have begun buying again. I made several purchases this week and am glad I did.