United American Corp. (UAMA)

[65actual]

UAMA upside? Where's the capital?

The $47M bankruptcy of Teliphone-Navigata-Westel has totally "gutted" the largest operating portion of the UAMA, Investel et al house of cards. Assets gone and sold to pay debts, employees and talent base all followed the assets or left for other pursuits.

UAMA is an empty vessel run by a CEO The Canadian Press says is a convicted criminal. Nobody wants to lend or invest in the Company.

If Laliberte really cared about UAMA he'd step down or aside and hire a CEO with some creds and a following. Laliberte has proven he doesn't have what it takes.

With Laliberte as CEO it will be impossible to raise capital to finance any real growth!

Think about it. UAMA has little if any working capital. Faces overhang from the bankruptcy still on-going in the Supreme Court of BC which could potentially bring charges against Laliberte. Written threats to an Officer of the Court and the little matter of over $1M in unremitted employee withholding to the CRA may yet turn out to be problematical for Mr. Laliberte.