United American Corp. (UAMA)

[65actual]

No upside for UAMA. Decaying enterprise.

UAMA remarkable for mistakes, missed opportunities and legal entanglements all which increase RISK for shareholders. Here's a short list:

1) Blockdomes ordered "Shut-down" by Quebec Tribunal, risking largest source of revenue.
2) TNW Wireless has failed by any measure and DOA "dead on arrival" and HUGE failure revenue-wise!
3) iPCS is a failed technology that has failed to launch (no customers, rejection by CRTC)
4) $47M Bankruptcy of largest "brick & mortar" telecom assets has gutted assets, staff and capabilities.
5) Patent litigation has produced nothing after three years. NOTHING!
6) Fraudulent misrepresentation in Pink Disclosures likely to bring SEC action based on case law.
7) Bills not being paid, contracts breached, word on street is "working capital crisis".
Plenty of credible evidence that all of the above are correct statements.
Maybe time UAMA detailed the plan forward with details. Press Releases always suggest such grandiose upside which never materializes. Go back through all the press releases then re-read the list above. Seems like UAMA motto should be, "The illusion of progress is our most important product"