Umbra Applied Technologies Group Inc (UATG)

[Gordo56]

I agree with you about his over ambitious perspective. I have complained about that before. He is very ambitious which does have benefits but he also needs to be realistic. As for buyback, I am fairly certain the company has bought shares out of the market but I do not know how much.

We really do not know yet if he "destroyed" share structure because we do not yet know why he did what he did. If it was to match an existing companys share structure to facilitate a merger then it really didnt destroy anything but rather improved the companys future. Thats an assumption but one that I believe is the most likely of scenarios. If he did it simply to pay debt then I would agree with you that there were other more preferred choices.