United American Corp. (UAMA)

[65actual]

Bankruptcy deeply compromised UAMA. Upside gone!
The $47M bankruptcy of Teliphone-Navigata-Westel et al totally gutted the enterprise. Assets all gone along with employees. Nothing left on telecom front and no signs of life.
Hobby-sized cryptocurrency mining now being done by others who simply rent or lease old processors in the sophomoric “Blockdomes”. Apparently also rent facilities to ag customers. So focus now on renting space to real miners and real farmers.
Likely not much UAMA et al can do as they can’t raise expansion capital due to convictions of UAMA CEO.
However, seems like UAMA could have entered broadband space. Entry cost low and market is hot, hot, hot due to remote work and distance learning. Huge missed opportunity but maybe skill sets no longer on staff.
That opportunity still wide open in rural Canada and US.
Can use unlicensed or lightly licensed spectrum and network hardware widely available off-the-shelf. Could be made to happen fast. Business model quickly cash-flow positive and only minimal head-count to operate.
However, seems wireless is dead at UAMA and no progress since 2017.