United American Corp. (UAMA)

[65actual]

UAMA delinquent filer. Expect lower 2020 revenue!

2019 recently reported and still waiting for 2020 results.

According to Lawry Trevor-Deutsch UAMA et al stopped mining in early 2020. Suggested pandemic though maybe more to do with halving and trying to make do with old processors.

Woodland(?) or whoever original mining customer was never fully disclosed in typical UAMA fashion and they apparently abandoned old processors in place. Early 2020 UAMA Press Release made much of windfall and didn't mention cancellation of business arrangement with Woodland (?), though that the bigger news. All this likely as a result of Woodland(?) wanting to side-step and liability arising from continuing to operate miners in contempt of Quebec Court Order to shut-down miners.

New, latest technology mining processors are expensive. Too expensive for UAMA et al to build any scale.

Shut-down of mining will have resulted in deep decline of mining revenue in 2020, the only last source of revenue to this troubled enterprise.

As we've been told by Trevor-Deutsch they are now renting space and facilities to real, actual miners. Also renting facilities to ag customers. If that's the future UAMA et al is simply a landlord. A small landlord at that. No strategic play here now!

So standby. You'll see 2020 Revenues soon! Expect to be underwhelmed!