Wow! I go away for a few days and come to the inmates taking over the prison. Lets get started.
1-The new Umbra Applied Technologies, corp was formed to move it out of Delaware to Florida. That was actually explained some time ago
2-The Umbra Group was also announced at the end of one of the videos that everyone here likes to make fun of. we still dont know what the company is for but one thing is for certain, its not to do a reverse split because you cant do that from public to private company. Not legal, no mechanism to do and to top it off there are no filings for a 15c2-11. Not even an 8 or 10k from public company filed to announce a sale which would be required.
3-The great idea to call the CFO to answer questions is not so great. You cant honestly believe that literally ANY CFO is going to take an shareholder call do you? Even if you reached him everything he would want to say would have to go through legal department first. Especially since every question being proposed on this board would be non-public information and would be illegal to answer if it wasnt already public. Side note, you could be reported for solicitation for insider information just for asking.
4-A/S being increased? Come on! If they wanted it higher why didnt they just increase it to 2 or 3 Billion when they did they last increase. What would be the real difference? Where the evidence to support that?
5-Company pocketing money from the 3a10's!? Ridiculous because that would be illegal and not allowed to begin with. I think some dont really understand whats going on here.
6-Shareholders deserve more than a shareholder letter? Have you missed the press releases, videos, letters etc? They have communicated with shareholders plenty over the past 6-7 months. More than once a month. What you really are asking is for the company to spell out how and when they are up-listing before they do it. What you want is them to do the DD for you and to be honest if you were running the company would you tell everyone what you were doing before you did it on something as sensitive as this? Not if you were smart because everyone on here would take advantage of it and trade on the information probably ruining the plan. lol. Come on you cant be serious with this stuff?
7-Dilution is not the same as conversions! it was done to reduce debt. It was disclosed in full. Read the documents. They are still converting from a month ago.This is not new no matter what conspiracy theories everyone comes up with.
8-I honestly can not believe that there are folks on here making fun of investors in "penny land". You think folks should be short sighted and flip stocks all day instead of trying to find the next Apple or Microsoft? This company might not be those companies but it sort of highlights whats wrong with the OTC and why. Maybe if we had more investors that were sophisticated and willing to do actually DD then companies would be held accountable and we would have more real companies on otc.
AI
