Umbra Applied Technologies Group Inc (UATG)

[Mcol52]

A buyback would be terrible for shareholders. The company is obviously in a growth phase and should be spending our money on expanding and building the company not buying the stock back. That money NEEDS to be spent on hiring people and manufacturing not stock! I have seen many companys make the buyback mistake. It sounds good so they do it because they think shareholders will respond better to it. Long term - buybacks are only good when a company is established and is sitting on mountains of cash(like AAPL). UATG can not afford a buyback. They are an OTC unreporting pink! They need to build and get us to NYSE so we have a real asset with real value so I CAN RETIRE! lol IMO