Umbra Applied Technologies Group Inc (UATG)

[Mcol52]

Just got off a 40 min call with Mr. Umbra. I called him yesterday in reference to his response to my email to get something clarified. A few things I thought everyone might like to know.

1-He has call with all the CEO's and CFO's today about financials
2-Q1 disclosures will be completed after the call
3-Q1 will be part of going "current"
4-Legal opinion is in process
5-Full fin/disclosure package is being handed off to auditors next week
6-S-1 is already partially drafted
7-S-1 should be submitted sep/aug
8-S-1 approval by end of year or Q1 2022 the latest
9-NYSE application Q1/Q2
10-They have discussed funding with several investment banks
11-All companies are operational but all wont post revs Q1/Q2 2021
12-Q1 will not post the effective date for acquisitions but maybe revs
13-Q2 will post all "effective" acquisitions and revs
14-Revs are "substantial" & "will continue to grow"
15-There might be another acquisition coming before next year
16-He's going to do a video soon to update shareholders

There is a call with all CEO's and CFO's today across ALL companies discussing financials and reporting as well as other things but he wouldnt tell me more (doesnt hurt to ask right?). Thats a pretty big high level call so maybe something big is happening? I might be reading too much into it? Pretty exciting regardless.

He expects that they will be current next week and they are on schedule for everything else.

I get the sense that Q1 might mention acquisitions, revs and capital investment surrounding announcements but Q2 is clearly going to be the big boy. He obviously wants Q2 to have the most impact so there must be a reason for it. He must have other announcements to make that are big and this will be in support of whatever that is.

He was pretty clear that a lot of decisions about Q1 filings are being made today and he cautioned me that the Q1 and 2 might change. I think he was managing my expectations. He said he would do video and update everyone after he makes final decisions.

Not all companies will post revs in first half of the year but by end of year he expects all companies to have reportable revs. The current revs are substantial he said and he said that revs are growing "exponentially".

I am almost certain that they have funding already in place or lined up. If I had to guess they have funding staged as they hit milestones and grow. He didnt say that but its been my experience that most companies do that.

Also, I sort of got the impression that they were looking at other companies and that one might happen before next year. The main thing I did get from him about it was that all these acquisitions are not random. He is buying specific companies for a reason. They somehow fit into a plan he has for the company in the future. He would not discuss it further but there is definitely something there. Let me know what you guys think?