Umbra Applied Technologies Group Inc (UATG)

[Mcol52]

All monies have been accounted for in the most recent Q but the accounting techniques they use put the company at a negative and serve to down play their progress. I have to assume this is intentionally being done for tax liability management but what is interesting is how they account for their assets which are fairly substantial for a subpenny stock. If I had to guess, they either have or are shopping for institutional financing/investment and it is most likely substantial considering the way they account for deficits. If I had to guess, they are looking to line up a couple million in financing. They might already have it but there is no way to tell until the capital is deposited into corp accounts and accounted for. Maybe next Q will tell more but more likely Q1 2019 like most companies do. Starts the year off positive and builds pps momentum. Regardless, the company is definitely managing the perception of their financial disclosures to look less impressive. I had not noticed this before and will go back and review the previous Q's over the past 2 years to see if their accounting methods have changed for that purpose.