United American Corp. (UAMA)

[65actual]

UAMA is a deeply troubled enterprise. Largest operating subsidiary sold to satisfy bankruptcy court and former touted parent company (Investel Capital Corp.) is in Receivership with all assets, Patents and IP in the hands of the Receiver to satisfy creditor security agreements. UAMA CEO was convicted on over 40 counts of stock fraud and manipulation and he serves as UAMA CEO without divulging his background and seeking a waiver at the time of his appointment.