United American Corp. (UAMA)

[65actual]

UAMA CEO was convicted, upon appeal, on over 40 counts of stock fraud and stock manipulation. He has never built any business of any lasting value. The latest bankruptcy proceedings were initiated by the Company in November 2016 and are still moving foward. Most of the talent base and cash flow went with the court approved sale last fall and that effectively hollowed out the business. Investel Capital Corp. the so-called parent company, is now in the hands of a court appointed Receiver who will distribute the IP and other assets to Creditors. UAMA's CEO serves without an SEC waiver. Caveat Emptor.