United American Corp. (UAMA)

[65actual]

UAMA a lightweight hobby miner!!!

BS posters would have you believe that UAMA is a "player". They aren't and nothing could be further from the truth.

Compared to other Canadian companies like HIVE (TSXV) UAMA is a lightweight!

The name of the game is to get cheap "green power" and build and operate as many miners as you can. Not older equipment but the latest, fastest and most powerful processors. The HIVE You TUbe video does a good job of explaining the need and showing how its done!

After watching this you'll quickly come to understand that what UAMA is doing is just "ego fodder" for Benoit Laliberte who likely has a clever and talented mind, though has gotten carried away with his focus on patents. Note that after four (4) years UAMA has not succeeded in any patent litigation or signed any licensing agreements. That's been a total failure and indicative of the lack of inherent value in the patents.

All same with TNW Wireless Inc. Mr. Laliberte believed that he had patentable intellectual property that was going to transform the wireless industry. Instead of building on "market ready" RuralCom he chose to pursue the POS iPCS technology. That has also completely failed.

Think about it though. RuralCom was "market-ready" and the former CEO of RuralCom had investors ready to invest, the kind that had already issued term sheets to the Company. Lalilberte's ego got in the way and he decided to bet it all on unproven technology that nobody in the wireless industry cared enough about to even trial it.

IF, Mr. Laliberte had simply moved ahead with RuralCom, built on the roaming agreements already in place with all the major US carriers and agreements in negotiation with the Canadian Carriers, that business would be generating $40-60M per year by now with 40-60% EBITDA.