United American Corp. (UAMA)

[65actual]

UAMA's wireless initiative doomed by mismanagement!

Benoit Laliberte doesn't have what is takes to be an effective CEO.

UAMA, Investel et al had foresight to buy RuralCom Corp, a market ready wholesale cellular carrier. That business model well proven by the likes of Atlantic Tele-Network (ATNI-NASDAQ) and others. Instead of using RuralCom CEO and his ready access to capital, Benoit Laliberte chose to fire that CEO and try and end-run with sources of capital. He has no experience, real knowledge and no creds in wireless and they quickly showed him to the door!

So Benoit Laliberte in just a matter of months following the purchase of RuralCom killed the business.

Time has passed and so has any opportunity for the business.

Any visions of success in wireless that may appear in the upcoming announcements should be dismissed as Mr. Laliberte simply doesn't have what it takes! And.......he's proven that to us!