United American Corp. (UAMA)

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UAMA is poised to fail. CEO convicted of over 40 counts of stock fraud and market manipulation. CEO is personal bankrupt for 10 years. His companies still in court proceedings for bankruptcy and separately for receivership and still spending time and money on legal expenses with little or no upside. He has effectively poisoned the well with critical suppliers and lenders and is personna non grata in the telecom industry. A Canadian Judge was sufficiently disgusted with the business practices of Benoit Laliberte and his regular breaching of agreements and written contracts that Judge entered comments into the court record.