United American Corp. (UAMA)

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UAMA CEO convicted for stock fraud. Over 40 penal conictions in a Quebec Court, upon appeal. No evidence he ever paid fine and rumored to be a personal bankrupt for the past 10 years. Would you trust this CEO with your money? Research the bankruptcy of their largest subsidiary. Amassed over $40M in debts and largest subsidiary sold by bankruptcy trustee to partially pay creditors. Most employees went with sale. Investel Capital Corporation, the touted parent central to Snap patent litigation, in Receivorship with all assets including Patents and IP in hands of the Receiver. Follow the Receivership court proceedings in BC Supreme Court and separately the bankruptcy proceedings and read the pathetic pleadings and maneuvering of Benoit Laliberte, UAMA CEO and the creator of this mess. UAMA is rumored to have little cash and no meaningful cash flow. Bankruptcy has hollowed out this enterprise and the management team has yet to build any business of enduring value. Financial reports are overdue and will turn out to show what a weak financial footing UAMA has.