Umbra Applied Technologies Group Inc (UATG)

[Mcol52]

Read the Q's. There have been no conversions from preferred for many years. At least as long as I have been in which is over 5 years. You said "he" meaning Alex or the company converted shares so they could be sold in the market. That is not allowed. Companys can not sell shares into market nor can they circumvent Rule 144 trading restrictions. You are most likely referring to the 3a10 they did a few years back which is perfectly legal and has nothing to do with converting preferred especially in this case because their preferred series isnt even CUSIP'd. Also, a/s has been maxed for a while with no increase. Previous issuance has been of common stock that was available out of their "treasury" or existing a/s which needs no conversion. Been doing this a long time and totally understand that things are different down here in otc but rules are rules no matter what.