Umbra Applied Technologies Group Inc (UATG)

[Gordo56]

Just got off the phone with Mr. Umbra.

He was aware of the crutch and Clearview being sold. This is what he said:

Clearview: It is an FDA approved and regulated device which makes it illegal for anyone to buy other than a physician or hospital. It is also not legal for anyone other than the manufacturer or medical supply to sell. They discovered it sometime ago, it was reported to FDA and ebay and seller was issued a cease and desist from UAT legal.

Crutch: The crutch was called the e-crutch which apparently is/was an "economy" version of UAT's U-Crutch. It was licensed to a manufacturer but they did not follow UAT manufacturing and customer service guidelines so licensed was revoked.

He asked me to extend his thank you to the shareholder that noticed this and cared enough to bring it to the companys attention.

Of course I had a lot of questions because I did not know they had licensed anything and thought it was odd that they had not informed the shareholders of this agreement! He said it was an old business model that has since been discontinued. He said it was too difficult to monitor quality from a "distance" because they didnt have the infrastructure in place. He did say that they are going to be licensing some technology in the future now that they have the means to. Hygieia is one of the technologies they are looking to license but medical devices will not be one of them.

I also asked about news/updates. He said the company has a lot to tell but it will be released according to a schedule that is already in place. Hes very military and I doubt very seriously he is the type to go "off schedule" as he put it. I did discuss share price and he said he is not concerned about share price at the moment because of what they have in place and what is planned for release over the next few weeks. He said he completely understands why shareholders may be upset put the plan is a long term plan and that it is important to understand that prices may fluctuate but in the long run he anticipates a favorable and healthy evaluation that is more reflective of the company. He said that everything is going according to plan and that they are on schedule for whatever it is that they have planned for the company. He did say that they were a little behind with the product release. Apparently there has been a delay with the sheets due to some issue with quality control. He said the first set of corrected sheets was on its way to testing. They send their products out to test for wear, quality and antimicrobial efficacy.

I asked about M&A transactions for the company and he wouldnt answer.

He speaks fast and I dont write that fast so I am abbreviating what he said exactly