Saturday, May 08, 2021 5:29:39 PM
Read and comprehend 2020 Annual Report.
It clearly shows NO PROGRESS in past years since $47M bankruptcy of Teliphone-Navigata-Westel (TNW)which effectively totally gutted all assets and the employee base.
UAMA likely not much more than a shell now.
2020 Annual Report illustrates near collapse of revenues and operating as a loss when you take the one-time impact of the abandoned in place assets of a now-departed client. (Woodland?)
Blockdomes a real "can of worms" now with Quebec Court order in place requiring shut-down of miners and land restored to purely agricultural use. What a management screw-up that was. Who in their right mind builds without a permit? Add to that the revelation in the 2020 Annual Report that Cetaq, UAMA et al (Blockdomes) filed for creditor protection to prevent disconnection it is assumed.
UAMA now changing focus to distract from the Blockdomes debacle to wireless and the prospects of developing an MVNO business. Neither Benoit or Lawry (like to call them Bert & Ernie) have any relevant experience in wireless or in building an MVNO.
Building a MVNO will take capital. Capital to enable storefronts and places where potential subscribers can come and get a new phone activated. That will also require a stock of expensive smartphones and accessories which will also require capital. They'll need to develop a brand and advertise as they'll be up against both the well-established incumbents like Bell, Rogers and Telus and they'll face stiff competition from the established MVNOs. They'll need to sit down and negotiate terms and conditions with one or more facilities-based carriers. That likely won't go well as the $47M bankruptcy included both Telus and Bell as debtors.
So what is the probability that UAMA could succeed as an MVNO?
As someone who built the largest MVNO in the US years back I can say with great authority that UAMA is very unlikely to get off the launchpad. Building and running a successful MVNO is a highly dynamic undertaking and UAMA doesn't have the people or the money to successfully enter the market and establish their brand.
Failure and collapse is the most likely outcome for UAMA
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM