United American Corp. (UAMA)

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UAMA. Incompetence has produced mediocrity!

Leaders make a difference and in UAMA's case Benoit Laliberte has failed in a spectacular fashion.

Goes all the way back to Jitec. His bungling got him convicted on 44 counts of stock fraud, market manipulation and deceiving investors.

More recently he can take the credit for the $47M bankruptcy of Teliphone-Navigata- Westel (TNW), which is still before the Supreme Court of BC. Impact already felt and the forced sale of all the key assets has totally "gutted" the largest operating subsidiary.

TNW Wireless Inc. another shining example of Laliberte's incompetence. He knows nothing about the wireless industry though bought a market-ready rural cellular carrier (RuralCom) back in early 2017. RuralCom had roaming agreements with AT&T, T-Mobile, Verizon and Sprint and was in negotiations with Bell Canada. The RuralCom CEO has committed funding to expand the network and quickly build the business as a wholesale wireless carrier. Laliberte chose to fire the RuralCom CEO and try an end-run with key sources of capital. Not surprisingly they quickly showed him to the door!

As long as Laliberte is CEO expect nothing more than mediocrity!