United American Corp. (UAMA)

[65actual]

Bankruptcy of core business has killed UAMA.

First filed in November 2016 it is still open due to Covid-19 court delays. To date Supreme Court of BC has ordered sale of all assets to Distributel and that transaction closed with all employees going to the new owner.

This a major bankruptcy with $47M in debts and sale of business assets has gutted UAMA and left a pile of legal fees and potential indictment of UAMA CEO for failing to remit employee payroll deductions. Still to be resolved is written threats made in an e-mail to an Officer of the Court by Benoit Laliberte, UAMA CEO.

All of this material information not reported in quarterly or annual reports!