$UATG I will share my recent correspondence from Alex. He misunderstood a few of my questions, which is why he says he few things he does, but its overall a pretty solid update.
Quote:
Steffan, <--- IR Guy who sends emails to CEO
I apologize for having to keep this brief but as you know we are very busy right ow and my schedule is fully committed for the next couple weeks.
UAT Group settled previously owed debt that was owed because it was outstanding and needed to be cleared “off the books” as it were, before we could proceed with our business execution strategy. I am not at liberty to address specifics at this time as doing so would divulge information that has not yet been released. Specifically, the reason for using the exemption can be discussed at a later date.
The firm that executed the exemption is a firm that is currently in good standing with the SEC and operates within the parameters of Federal Regulation and Law. The firm’s previous history with Federal Regulators was not known at the time but was and continues to be immaterial as they are currently in good standing and followed proper protocols when interacting with our legal team.
As you are aware the company is alternative reporting and as such there are no requirements to audit or provide data therein. That said, an audit has been conducted internally and will be certified independently when its appropriate. Again, the specifics of this and the previously referenced S-1, pertain to matters that are not yet public which prohibits me from going into detail. I can say we are in fact on schedule and are proceeding with our business strategy.
In reference to how this company intends to up-list. It should be obvious that this question is intentionally and directly asking for inside information and as such, I of course, am not at liberty to discuss or otherwise disclose. This company will release information according to an existing schedule and as deemed appropriate my management.
The questions surrounding the intellectual property (IP) of the company are best addressed in more general terms. This company retains/owns a significant amount in IP not all of which will have a patent filed. The reason for this is security. When you file a patent on IP your technology/design becomes globally public and this is not conducive to keeping certain projects discreet or private. This is common practice among technology companies and defense contractors that are operating in areas where discretion is more valuable than public acknowledgment. There are however, many areas in which we do file or acquire patented/patent pending IP such as ClearView or Apex for example. Hopefully this helps you understand our motivators and protocols as it pertains to IP.
Lastly the term dilution gets thrown around a lot in the pink sheet world but I am not sure it’s actually understood. This company has not diluted the share structure that is to say that this company has not sold any shares period. No one that is employed with this company has sold a single share either as it is strictly prohibited and to which I have full signatory control over. Debt was settled and that was executed through liquidity but not a mechanism of actual dilution. That said the company has settled its debts and there are no additional free trading shares being issued by this firm either through an exemption or executive authority.
I would also like to add that it has come to my attention that we receive many emails and/or phone calls requesting news or updates on business strategy or products such as Hygieia. These requests come from traders and it needs to be made very clear that under no circumstances will I authorize the release of weekly or frequent news simply to benefit the strategies of day traders. News is to be released when it is prudent to do so not to help any one group “flip” stock. This is one of the many reasons we intend to up-list so this becomes less of an issue. We have a carefully planned calendar of news releases and will strictly adhere to that schedule deviating only when necessary. This, of course would include strategic partnerships and product releases.
In closing, there is a lot going on with the company as this is an ambitious year for UATG. We will be releasing more news with increasing frequency as we progress through the year and I think everyone will be as excited as we are and ultimately will understand why we have been so careful with what we release.
Respectfully,
Alex Umbra
Chairman & Chief Executive Officer
Umbra Applied Technologies Group, Inc.
4377 Commercial Way
Suite 130
Spring Hill FL 34606
United States
Tel: 888.926.4682
Tel: 813.607.6219
Fax: 813.614.9056
www.uatintel.com
www.uatgroup.com
www.hygieiatech.com
www.hygieiasport.com
www.uatgreentech.com
www.umbrabattlerifle.com
www.umbraexploration.com
www.umbraappliedtechnologies.com
