Well I sent the CEO an email about two hours ago and just noticed that I received a response within 30 minutes. Hes an early riser and I have to be honest, every time I call or write him he is at work. That worries me a little because the last thing we need is this guy getting burned out.
I asked about patents, trademarks and if we were going to see alot more of them filed? I also asked if this would increase the assets of the company and if so what did he estimate their addition to be? I asked if my assumptions about an impeding merger were true and if he was going to make sure that every shareholder would be protected from being converted out? His response was funny but VERY carefully chosen as is typical with him. He a very detailed guy and chooses his words carefully. Heres his response...
Gordo,
Good to hear from you! I hope all is well.
To answer your question forthright, yes, we have been filing Trademarks and Patents and I believe that they will almost certainly add to our asset base. We will continue to do so where and when prudent to do so. We discovered that one of our patents and one of our products were being violated. Under no circumstances will I tolerate anyone attempting to capitalize on UAT's hard-work and investors capital. The matter has been addressed, resolved and I am confident that competitors now fully appreciate just how committed we are to protecting our intellectual property/assets. That being said we may not always file patents or trademarks on a technology/product when National Security or Corporate Security could potentially be compromised if said asset is made public, i.e. the patent office public records data base.
In reference to whether or not your assumptions about an impeding merger are true, I must state very clearly, that at no time have I stated or otherwise implied that this company was executing a significant operational strategy that would have a profound material impact on the company's operations or future, ahead of a public announcement. You have asked me this question several times many different ways and while I appreciate your enthusiasm I unfortunately must respond as I have always responded. It is not the practice of this company to disclose material information that could potentially impact the foundational operations of this company or the trading of its public securities and, as such I am not at liberty to discuss such matters until said potential information has been made publicly available to ALL shareholders.
Additionally, I would like to add that this company will not execute a strategic directive that in anyway would result in any shareholder from being "converted out" as you put it. While the current share price is down, it is my intention that whatever a shareholder has in UATG stock, reflected in his or her brokerage account, will not at anytime be taken away, as it were, by a capital structure change designed to "remove" a shareholder as an in fact shareholder. That is precisely why I declined past recommendations to execute a reverse split and see no reason why this company should entertain such a strategy. The capital structure of this company is entirely where it needs to be.
I hope this addresses your current inquiry and as always I enjoy hearing from you, I hope all is well with the family. I am tentatively scheduled to be in Austin 05SEP18-07SEP18, so if you will be up that way let me know so we can get together? Also, please let B know I will call her later today. I just need to get past my morning but am looking forward to seeing how she made out.
Respectfully,
Alex Umbra
Chairman & Chief Executive Officer
Umbra Applied Technologies Group, Inc.
4377 Commercial Way
Suite 130
Spring Hill FL 34606
United States
Tel: 888.926.4682
Tel: 813.607.6219
Fax: 813.614.9056
www.uatintel.com
www.uatgroup.com
www.hygieiatech.com
www.hygieiasport.com
www.uatgreentech.com
www.umbrabattlerifle.com
www.umbraexploration.com
www.umbraappliedtechnologies.com
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