Tuesday, April 13, 2021 2:50:36 AM
Read the 2020 Annual Report and read ugly truth of UAMA's failing business.
Read about:
- Electrical supply problems at Blockdome miners
- Filing for creditor protection from power COOP
- Continuing land-use problems and real possibility requiring Blockdomes being re-located off agricultural land at great expense due to Quebec Court order.
As UAMA et al have disclosed this material information, fraudulent posts by posters suggesting a bright upside and future are both inaccurate and premature.
Indeed the 2020 Annual Report clearly raises "going concern" worries and clearly states that continued operations will require raising capital as there is a working capital shortage. In addition the Company is clear that there is no assurance that UAMA can successfully raise capital. That's made much more difficult due to convicted criminal CEO and total lack of progress in past two years!
It's pure FRAUD to make claims that there is a bright upside for UAMA et al at this time. Such statements run counter to the facts presented in the UAMA 2020 Annual Report.
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