United American Corp. (UAMA)

[65actual]

Look at the facts. CCAA Proceeding effectively "hollowed out" Investel et al assets (including patents and IP) and employee base. When CCAA Proceedings close it will get even worse. Creditors will likely be successful in perfecting their claims against all key assets. CRTC Application likely will be rejected and then there's the question of spectrum licences. They don't honor contracts or pay their bills, according to a Canadian judge. Do they have any working capital? What have they actually accomplished to create value in the past 6-12 months?