Dodge this fraud! Research before buying!
1) No Pink disclosures or financial filings in over a year! What are they afraid to announce?
2) Rumor mill says Woodland (sp?) the original customer for cryptocurrency mining cancelled and turned over old mining assets to avoid liaibility from Quebec Court order to shut-down miners due to land-use violations. Record shows company appealed and lost so Court Order up-held up on appeal.
3) TNW Wireless Inc. has been a COLOSSAL FAILURE. No working cellular network, no paying subscribers, no roaming agreements and no revenue. Mr. Laliberte killed a market-ready wireless carrier that could be generating $40-60M in revenue and 40-60% EBITDA today. Former RuralCom CEO had investors ready to fund when Laliberte terminated him and approached investors directly. Needless to say investors showed him the door! Funny how investors don't like to lend or fund companies led by a convicted criminal (per The Canadian Press)
4) Various litigation has gone nowhere in over four (4) years. Costly patent litigation has produced neither court awards or licensing revenue. Seems like patents only of value to Mr. Laliberte's ego.
5) Anti-trust litigation in Florida seems to have come to an end with announced motion from key counsel to withdraw from the case.
6) The $47M bankruptcy of Teliphone-Navigata-Westel is still before the Supreme Court of BC, though the damage has been done. All assets ordered sold by the Court to Distributel who also took all of the employees essentially GUTTING the ASSET and TALENT BASE of what was UAMA, Investel, et al.
All in all 2020 has been a devastating year and not likely one that UAMA can recover from. Convicted Criminal CEO (per The Canadian Press) and abysmal failures make in nearly impossible to raise any meaningful capital. Little probability of any upside for UAMA.
