Umbra Applied Technologies Group Inc (UATG)

[Mcol52]

Reading through many of the posts yesterday it dawned on me what the problem is with this board. MANY here really do NOT understand how to read or interpret a financial statement correctly. There are certain accounting principles versus accounting/financial strategies that companies employ when managing assets and cash flow for the purposes of managing tax liabilities and financial leverage with lending institutions to enhance their fiscal capabilities. I understand that these are complex issues but not knowing is not an excuse. Not knowing could cost you quite a bit. Because I am licensed in a parallel field I wont get into it here but I strongly recommend that some brush up on these issues as a matter of diligence. This new Q has some very good things in it and some things that still need attention. I have sent an email to the company highlighting what they need to double check and potentially work on. Hopefully I can be of service to them and help my own investment. This company has so much potential and it would be sad to see it squandered on small mistakes adding up over time. So far they have really done an impressive job with improving their financial health but they still have work to do. Looking at the Q's from the past 5 years really tells an impressive story of mistakes made and mistakes corrected. I know its a pain but I would very strongly recommend that those that are serious go through the past 4-5 years of financials. Its a good rule no matter what company you invest in to be honest. I will look for links that could be helpful in adding those interested in learning a little more. There is alot of inaccurate info out there so please give some time to find something easy to understand that is also accurate. Hopefully this will help everyone