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Sunday, February 14, 2021 2:49:57 PM
https://finance.yahoo.com/news/ucix-terminates-recent-acquisitions-220400148.html
I cannot believe I missed this release! Apparently, all the companies that UCIX bought have been undone. He would not say why and said he couldn’t expand on what was contained in the public announcement. I asked if the companies would be moved into UATG and he said that announcements were coming that would better explain the reasons for the contracts being “terminated”. He again reiterated he couldn’t say more than has already been said. IMO they are getting rid of UCIX and moving all those companies into UATG. Something must have happened with UCIX that he didn’t like.
I asked about his guess on the audits being completed and S-1 being filed and he said “he wouldn’t feel comfortable applying a timeline to something that he didn’t have complete control over”. He said “the SEC has their process and it wouldn’t be fair to impose a timeline on them or their process”. I guess that’s fair. He can’t control everything and I know all too well how the SEC can be. He did say that it was his intention to have it completed as quickly as the process would allow for. IMO it could this year. It doesn’t take that long but he is auditing the company and filing an S-1 which could take 5-6 months depending on the SEC and depth of audits.
I asked if they would be releasing more news this month or if they were done with February? He said he could not disclose what was coming or when but did tell me that they have a very full calendar of announcements planned over the course of the year as well as more things being released via social media from all companies. “all companies”, I didn’t even ask but I thought there were only 2 (UATG and UAT)? I guess two companies is plural but I am telling you they are moving the other companies in. IMO
I asked if we would see revenues before S-1 filing and he said YES. He said they are in the middle of going through the financials and disclosures for the past 5 quarters and would have UATG current ASAP ahead of the S-1 filing. Makes sense because they will need that stuff for an S-1. I asked when he thought he would be able to get on the NYSE and he said he really couldn’t discuss it at this time.
I told him that I looked at the Alexa scores and metrics of all the company websites and was very impressed with hygieia skin. I asked if they were selling a lot of the beauty cream and nutrition lines? He would only say that he was very pleased with the progress they have made in those areas.
I asked when we would start seeing hygieia commercials on TV and he said they have recently been discussing the merits of that value and expense. He said he was not completely convinced that it made sense yet. I asked what he meant by that and he said it is an expense for an emerging brand that could potentially hurt margins and initial growth.
I asked if we would see shareholder letter this month and he said he could not give specifics but he assured me that it is completed and is coming. My guess is that the shareholders letter is going to be out within a week or 2 max! Its not unusual to draft letters many weeks in advance so the lawyers can look at everything and so its ready for release. These things probably go through many drafts.
I asked about what he said in his video about green projects and biotech stuff. He told me that they never stopped development in those areas but had to focus on one product at a time to remain focused on each brands success. They chose hygieia and have been building on that tech ever since. He said that it was always the plan to bring greentech and biotech forward in 2021. He wouldnt say anything else about what tech was coming but did say that he felt it was a good way for the company to launch itself into those areas. I asked if he was working on or considering contracts with the government in those areas considering the new administrations focus on those areas. He would only say that the company has always been and remains open to working with any group, company or organization blah blah. Basically, he was going to discuss it. Lol
I asked about the town hall and when more videos were coming and he said soon. He was really animated when talking about the town hall. He seems really excited about it. He said he is looking forward to speaking directly with shareholders from all over the world. I asked if there would be a “live audience” and where would it be taking place. He said they were actually discussing this yesterday and are considering the logistics of that taking into consideration CDC guidelines surrounding covid. This pandemic crap has affected enough and needs to end. I am over it. Anyway….
We chatted about a few other things but these are the highlights. He was very nice as usually and I didn’t want to bug him on a weekend. He was actually in the office working when he called me and said he had a few hours of work left so I figured I should just let the guy work. Hes clearly busting his a$$ and trying to make it happen.
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