United American Corp. (UAMA)

[65actual]

Investors Beware: UAMA's troubles run deep and when Bankruptcy (still in the court) and Receivership of the parent company are finally dealt with there will be significant costs and a barrage of law suits. A Judge has already entered into the record negative comments on the business and ethical practices of Benoit Laliberte, wherein he regularly breaches contracts and agreements. Don't believe me. Conduct you own due diligence and remember, the preparers of these quarterly financial statements were found guilty of misrepresentation in the past. Remember also, quarterly statements are UNAUDITED and the only financial statements you should rely upon are AUDITED financial statements, required at year end. Last year's annual report contained a "going concern warning" from the auditors. What's changed? A modest claimed upside, which could easilty be offset with substantial charges and expenses from the lengthy court battles.