UA Multimedia Inc (UAMM)

[Johnny Davis]

Dadeano:

I can sense your frustration and that of many of the investors. In my opinion, 99% of the MJ companies have been stymied and faltered by Jeff Sessions, very few ran, and most had unusual circumstances like Salami with SIP#. It was just hard to get momentum out of the gate with the way he strategically timed his attack. This is a very petty administration in a lot of ways imo and that uncoordinated announcement was a prime example of it.

However, the other reality here is that someone wants a return on their investment. They are not selling, but I sense they too are becoming impatient and that is why Klein was FIRED... and make no mistake, HE WAS FIRED.

By my clock, he had about 180 days or six months or so, and they didn't see the company heading in the direction it needed to or at the pace they wanted so they fired him and chose to move on. My guess of human nature would be that the new CEO would have to demonstrate qualities that Klein didn't have... namely industry connections, a certifiable history in the business this company is in, and an aggressiveness to market. You don't fire Jack Del Rio to replace him with Jack Del Rio II, you fire him to replace him with John Gruden (a different guy with a different philosophy that you are looking for).

As an investor here, I feel that is a good thing. I also know, this new guy better be delivering within a very short period of time, judging by how long it took Klein to get oustered. That is also a good thing.

As long as the company is matching shareholder impatience in wanting results, we should be ok. Some green closes very soon would not surprise me.