United American Corp. (UAMA)

[65actual]

Going Concern cautionary statement by auditor very appropriate at YE end of 2017. Six months later, hearing of no new financing said to be required by same auditor, there is a strong likelihood that financials are too ugly to print. Management likely waiting in hopes of raising capital, which is unlikely given the CEO's criminal record. Quote from Consolidated Financials issued July 23, 2018 covering 2016 & 2017 follows:
"Going Concern Consideration
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 21 to the consolidated financial statements, the Company has sustained significant operating losses and needs to obtain additional financing to continue the services they provide. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 2. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
/s/ KBL, LLP
We have served as the Company’s auditor since 2017.
KBL, LLP
New York, NY
July 23, 2018"