Umbra Applied Technologies Group Inc (UATG)

[Mcol52]

Finally spoke with CEO. He was just as he always is - very personable and cordial. He confirmed that they are in the middle of "structuring a few things" and "executing on a strategy" but would not discuss specifics (which I figured but thought it was worth asking). I asked about a few domains that people found and he seemed a little put off that I knew about them.

What I did find VERY interesting was his reaction to the volume being traded. He is NOT happy with the volume as he sees no reason for a company that has not posted financials or put out news to suddenly trade like this. I have never had a CEO say something like this to me but what it actually tells me is that the silence and not reporting financials has been VERY deliberate! When I asked him directly about this he told me he could not discuss it. No company intentionally goes dark unless they are up to something and are trying to manage huge swings in pps and volume. Sort of explains why he was not happy about the sudden volume.

I asked if they were effected by the pandemic and he said in a few ways yes but internally he was very happy with the progress they have made. Interesting that hes happy with progress since I honestly dont see any but he did say internally so we would obviously not see it.

I asked if any insider buying was taking place or if its possible that someone in the know was possibly buying because of what they have learned from being on the inside. He told me that everyone in the company as well as ALL third party firms involved are under strict non-disclosure and that it has been made clear to everyone that a breech or trading is strictly prohibited. He said he has made it very clear that if he finds out anyone has traded on the company's stock he will absolutely report them and press charges. No exceptions. He was pretty serious - more serious than usual.

The only reason you would go through all this is that there is something to keep secret for a reason. I hope this is finally going to pay off.

I do think the company has a lot going on but as many here know, that has always been my concern. I am hoping that they are staying focused and not getting distracted by the many many many things they have in their pipeline. They need to do one thing at a time and I honestly believe that has been their biggest obstacle. CEO is smart and has a lot of experience in the defense sector but they need to focus on Hygieia brand development and building this thing out. Socks are not national security nor are boxers. Hopefully he can separate the two.