United American Corp. (UAMA)

[65actual]

Prediction- UAMA will fail in 2021.

Read 2020 Annual Report!

It's all there for any savvy investor to read.

Consider depth of troubles:

1) Financials clearly show working capital CRISIS!

2) Company addresses "GOING CONCERN" worries!

3) Company readying to write-off sizable parts of business.

4) Blockdome operations compromised by Quebec Court Order, power supply problems, probability of costly move to non-agricultural land. Only renting Blockdomes out to real small miners and not mining directly so killed any real upside from mining.

5) Unknown ability to raise capital required as per 2020 Annual Report. Company says probability unknown though any potential lender will see fragile nature of business operations and fact UAMA CEO is a convicted criminal. Hard, if not impossible, to raise capital with these impediments.

Fact is Benoit Laliberte has led UAMA down the same failing path as Jitec, Inelco, Teliphone, Navigata, Westel, TNW Wireless, TNW Networks etc. His crowning achievement was the $47M bankruptcy still before the Supreme Court of BC. That proceeding has seen all the assets "gutted" and sold off to Distributel which took most of the employees.

Mr. Laliberte has proven, beyond any reasonable doubt, that he is an incompetent and fraudulent business leader. If UAMA had any governance at all they would have replaced him long ago!