Umbra Applied Technologies Group Inc (UATG)

[Mcol52]

Called Transfer Agent this morning and just had a very informative conversation with Alpine Securities.

The reason sub penny pinks across the board have had decreased volumes is due mostly because of the unresolved clearing issues with Alpine. Anything below a penny is not preferred by Alpine and as a result has additional costs imposed on it to clear making it more costly to clear than stocks over a penny. The further below a penny a stock is the more expensive it is to clear. The good new is that it has hurt and in some cases put toxic lenders out of business. Bad news is that it has hurt some legitimate companies. I was told that many of the firms are working on a solution, via securities insurance and bonds and hope to have a solution by beginning of year.

Just thought a few here might be interested in this info