InvestorsHub Logo
Followers 2
Posts 5833
Boards Moderated 0
Alias Born 05/03/2018

Re: None

Monday, 04/05/2021 2:52:57 PM

Monday, April 05, 2021 2:52:57 PM

Post# of 12542
Mediocrity is UAMA future!

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".