UAMA has no capital. How will they launch MVNO.
UAMA still "flag-up" by OTC Markets, labeled with "Dark & Defunct" with Warning attached.
AMF in Quebec not pulling Cease Trade Order and, as they have previously convicted Benoit Laliberte, they won't be easily convinced that he has ceased the behaviour that got him charged and convicted.
I imagine both OTC and AMF and others have seen my warnings as they seem to regularly appear from this board to anyone doing a simple Google Search on either UAMA or Benoit Laliberte.
Given the huge body of evidence of fraudulent misrepresentation that surrounds Mr. Laliberte and his 44 convictions for stock fraud, market manipulation and deceiving investors it makes it nearly impossible to raise capital to turn UAMA around.
The 2020 Annual Report says they have no cash and the 1Q -2021 Report and Financials are due in a few days. My first guess is that they seek an extension though I suspect that the news for first quarter this year will be truly dismal. Oh, they'll try and make a case of the impending success of their plans to launch an MVNO though that will predictably go nowhere. You known like their "vision" of a large cryptocurrency mining campus announced in fall of 2019.
By now those who follow UAMA and the principals will recognize the BS. It's their style to create the illusion of progress.
UAMA does not have the management expertise nor the capital to succeed as an MVNO.
