No Benoit Laliberte business will succeed incl. AGRODOMES.
Why? Benoit Laliberte, UAMA CEO has a blemished track record of mediocrity and fraud.
The failure of UAMA is factual evidence of his rampant incompetence. AGRODOMES will be no different. First think about "patents pending" for nearly 4 years! It just doesn't take that long with the USPO. So likely nature's way to telling us it's not patentable.
Have UAMA or anybody else made money with this sophomoric science experiment. UAMA behind in SEC OTCBB filings and wasn't looking promising at end of 2Q-2021. Likely a money loser. Want to make money in crypto currency mining? Do it like the successful companies like Hut 8. UAMA et al and AGORDOMES not even on the radar in Quebec among the local field of cryptocurrency miners! That's really telling!
BTW how's the land-use issues. The local Land-use Tribunal ruled against UAMA's local subsidiary telling them to shut Blockdomes (previous label) down and restore the land to purely agricultural use. How about an update on those battles and tell investors how much it's going to cost to restore the land and move to another location.
Facts are clear that Mr. Laliberte should have gone to JAIL for his 44 convictions for stock fraud, market manipulation and deceiving investors. He'd have been sent to jail in any other Province in Canada at the time and certainly in the US. He was lucky to have dodged a jail sentence.
Not only has he been an undischarged bankrupt for the past ten (10) years, but also morally bankrupt. Dig into the bankruptcy proceedings and the many documented breaches of contract. Serious enough that one judge went on the record commenting that it appeared that such breaches seemed a business practice of Mr. Laliberte.
The record shows that Mr. Laliberte is a poor manager and leader. He's screwed up and caused the failure of numerous companies the largest of which was Teliphone-Navigata-Westel. That $47M bankruptcy totally GUTTED the asset base and employee talent base. Nothing is left except for a pile of legal bills and potential action against Mr. Laliberte for his written threats to an Officer of the Court and his failure to remit employee tax withholdings to the CRA in Canada. Will this bring charges against Mr. Laliberte? Time will tell.
In retrospect not sure why Investel, UAMA, Laliberte bought RuralCom. RuralCom became TNW Wireless Inc and that has totally failed. Time has clearly demonstrated that Mr. Laliberte doesn't understand wireless. RuralCom was "market ready" with institutional investor support garnered through the RuralCom CEO. It could have been quickly built into a significant regional carrier and could be generating $40-80M today in annual revenues with really decent EBITDAs, except Benoit's EGO got in the way and it was all for naught. The CEO was set free along with his financial supporters and the record will show that when Laliberte approached those institutional investors in an apparent end run, he was shown the door! Funny how the investor community eschews convicted criminals.
Don't see the greatness that some other posters seem to want to see in Mr. Laliberte. He's a fraudster with an unremarkable track record. Predictably the past is the best clue to the future of UAMA and it is bleak!
