Umbra Applied Technologies Group Inc (UATG)

[DeltaWarrior]

You are Correct sir. After digging further into the Jan 24th court docs, I found the document below. After looking at that document, it makes sense why the company reserved the 375 million shares (I still don't think we will utilize them all and I still think my "math" applies in my last part of this message). I will explain.

Invoice from NextCast



What was confusing was the court docs saying we owed NorthBridge $113,325 from NextCast. I also didn't take into consideration that NorthBridge was already including the $7,500 fee from Windsor. See below.



After understanding the above, the reason $UATG conservatively reserved the 375 mil shares was because we actually owed NextCast $211,650 ($105,825 x 2) and also needed to pay Windsor $15,000 for services. So what I actually "uncovered" today (see below) was the fact that the second tranche was approved in court on Feb 14th and has already started converting. Also confirming that dilution from the Next cast deal should be about over.

**UPDATED** (This is the same settlement just split into 2 tranches that both needed court approval. One approval in Sarasota and the other in Manatee)

JAN 18' Settlement

It says 50% of the market price, but I’d assume its 50% of lowest 20 day. Therefore, I will use the current conversion price and show that the amount of shares reserved will probably not need utilized.

Current conversion price is .00075.

We owe them $114k.

$114,000 / .00075 = 152 million shares <--- This is what we probably added to the OS for Jan 18' Settlement

Our OS was 373 mil on jan 22 18'.

373 mil + 152 mil = 525 mil <--- Rough OS after that Jan 18' conversion


FEB 18' Settlement

Now, lets add the new 3(a)(10) which also equals roughly $115k. We are also going to utilize the same language we used before but give it a conversion price of .0007.

$115,000 / .0007 = 165 mil <--- How many shares the new 3(a)(10) should add

525 mil + 165 mil = 690 million shares <--- This is a rough "guesstimation" as to where I believe our OS will be after the recent 3(a)(10).

YES, based on the SS from OTC markets, I believe we have about 15-30 mil more shares to convert and we are done with these wretched 3(a)(10)'s for the time being and hopefully for good

Here is the most recent 3 (a)(10)