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Monday, April 05, 2021 2:52:57 PM
Today's Press Release says it all one way to the other:
• Management has no dynamic vision for the future and not even mentioned
• TNW Wireless is dead and not even mentioned
• Lower mining (or is it renting miners) is new normal, mediocrity in action
• UAMA acknowledges need for newer mining processors (where will the capital come from?)
• UAMA lost money on operations in 2020 (masked by one-time gain from abandoned miners)
• "halving" has put pressure on old processors and likely unprofitable unless replaced.
Expect operations to be depressed throughout 2021 and with no mention of management's vision or plans for the future expect "mediocrity".
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