United American Corp. (UAMA)

[65actual]

UAMA-Don't believe the latest Press Release

Read the 2020 Annual Report.

No cash, no working capital, revenues down 70%.

So now comes "Bait and Switch"!

Blockdomes in trouble so need to divert focus to new wireless MVNO vision!

What a fraud! Pure puffery with no substance!

TNW Wireless couldn't get their act together to turn on a market ready wholesale carrier they bought back in 2017. RuralCom CEO had signed roaming agreements with AT&T, Sprint, T-Mobile and Verizon, had 3G network operational and committed investors to expand. Stupid and arrogant UAMA CEO decided to fire that CEO and do and end run with the investors. Oops they weren't interested in dealing with a convicted criminal (per The Canadian Press) nor someone with no wireless industry experience.

Same clowns now think they can be successful operating as an MVNO. They don't have any experience running a highly dynamic wireless resale business and the new and existing MVNOs in Canada will eat them alive.

UAMA management has NEVER built a business of lasting value. UAMA's a fraudulent enterprise that has a history of suggesting "big things" like the cryptocurrency mining campus in Quebec back in 2019. That never happened because they only seek to create the illusion of progress.

Look back at all the Press Releases over the years and you'll see the same pattern. Promise big things, create visions of grandeur only in support of BS baffles brains approach.

Read the 2020 Annual Report to understand the precipitous financial condition of this business. They will fail as an MVNO and I believe that UAMA will totally crash and burn by the end of 2021.