United American Corp. (UAMA)

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Read devastating UAMA 2020 Annual Report. Write-offs!

Read about potential planned write-downs on Pages 12 & 13.

Page 12- UAMA considering write-down of investment in TNW Wireless.

Page 13 - UAMA considering write-down related to assets of TNW Networks.

Consider these strong signs of deep decay in this fraudulent enterprise. UAMA is failing fast!

Management and particularly Benoit Laliberte, CEO are ignorant of wireless industry and how to make money in this business. Farcical presentation before the CRTC where destined to fail. Garbage in, garbage out! Benoit himself screwed up the RuralCom acquisition. RuralCom CEO had built market-ready business and had outside financial support to quickly build and expand the business as a wholesale cellular provider. That business model well-proven by the likes of Comment Wireless LLC and others. CEO had premium-priced roaming agreements in place with AT&T, Verizon, Sprint and T-Mobile. Mr. Laliberte thought he'd fire that CEO and go directly to the documented sources of capital. Those sources of capital showed him the door! His incompetence, business ethics and convictions aren't attractive qualities for a business partner.