United American Corp. (UAMA)

[65actual]

Business decaying. Wireless initiatives MIA, Investel assets in hands of Receiver, CCAA Proceedings continue to erode money and attention away from the business. Business reputation and court convictions in Quebec will stymie any real progress there as the business community remembers CEOs conviction on over 40 counts of stock fraud and manipulation. New financing unlikely as banks and institutional sources are wary.