Umbra Applied Technologies Group Inc (UATG)

[Gordo56]

There is no evidence that UATG is buying Nextcast and if you really think about it buying a private company and taking it public will most likely take too long and not get us uplisted to NYSE by end of year. Too many moving parts.

I originally thought it might be possible but after speaking with a one of my investment managers he convinced me that its more likely that UATG would merge with either a QX company or be bought by a NYSE company to achieve an uplist. The latter being far more cumbersome because of regulatory hurdles and disclosure requirements. He is looking into UATG further but views the only realistic way is to move up slowly through a series of steps such as go to QB then QX then apply to NYSE. He also said that getting it done by end of year is ambitious but doable. He suggested that if they had a QB company lined up that the more likely or realistic outcome would be for UATG to be a fully reporting company on the QX and be under review by the NYSE by end of year with the company potentially being listed on the NYSE mid 2019. He is going to call into the company on Monday and request confirmation on audited financials and S-1 on behalf of his firm to see if he can get any insight but said the company will most likely decline to provide the information as would be normal practice. Doesnt hurt to ask though right?