United American Corp. (UAMA)

[65actual]

2020 UAMA financial report not a pretty picture.

Complicit posters and other who buy all the empty promises and fraud that are a permanent fixture around UAMA should read the Notes to the financial report for 2020.

It reads like chapters from "The Gang that couldn't Shoot Straight". Misstep after misstep is the narrative in the notes.

Notably cryptocurrency operations plagued by land-use violations and now we read about complications with the electricity supply.

Look closely and you'll find references to potential write-downs for TNW Wireless and old assets from the $47M bankruptcy filed November 2016 and still before the Supreme Court of BC.

It is still believed that Benoit Laliberte may find himself facing charges for threatening an officer of the Court in writing and the not so small problem of employee withholdings never remitted to the CRA.

Numbers suggest no working capital as no sign of salaries being paid workers if indeed there are any left!

Remember, at UAMA "the illusion of progress is our most important product".