United American Corp. (UAMA)

[65actual]

SNAP litigation is delayed since ownership of patents in question. Patents, IP and other assets were pledged as part of a security agreement as a condition of financing. Following breach of the Agreement Investel was forced into Receivership and all the pledged assets (incl Patents) seized by the Receiver pending the Court's instruction. Either otherb posters are appallingly ignorant or they are seeking to mislead readers. UAMA may have attempted a fraudulent transfer of the assets from Investel to UAMA. SEC watching closely.