United American Corp. (UAMA)

[65actual]

UAMA "going concern" considerations! Raise capital?

Here's the quote directly from the 2020 Financial Report & Notes:

[I]"The Company plans to raise additional capital to carry out its business plan. Although the Company has been successful in raising sufficient financing in the past to meet its cash requirements though equity and debt, the Company’s ability to raise additional capital through future equity and debt securities issuances is unknown. Obtaining additional financing, the successful development of the Company’s contemplated plan of operations, ultimately, to profitable operations are necessary for the Company to continue operations"[/I]

Unknown?

Well here's a guess. Probabilities to raise capital from banks or financial institutions practically nil. These institutions are oddly reticent to lend to businesses by a CEO who was found guilty on 44 counts of stock fraud, market manipulation and deceiving investors. What a surprise!