United American Corp. (UAMA)

[hedge_fun]

They have never posted REVENUES, yet claim to be profitable. If I got 27 million shares for the purchase of profitable assets, I promise my OWN fiduciary responsibility to ME would see to it the SEC had all the info they needed.

Didn't the CEO own even more shares prior to this filing? You think updating financials wouldn't cause the price to SURGE if they were profitable as they claim?

( 1) 27230311 Shares received from issuer in payment for transfer of assets to issuer
( 2) No consideration paid

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8325894

The 8K shows TLPH is a NV Corp, and NYTEX is a NY Corp (again). If you look at TLPH's filings, they are a NV Corp.

TELIPHONE CORP ., a Nevada, USA Corporation, whose head office is located at 6299 Airport Road, suite 307, Mississauga, Ontario L4V 1N3 CANADA, hereby represented by Mr. Benoit Laliberte, its Chief Technology Officer, hereby referred to as the “Teliphone”,
And

The NEW YORK TELECOM EXCHANGE INC. , a New York Corporation, whose registered office is located at 187 Wolf Road, Suite 101, Albany, New York 12205 USA here represented by Lawry Trevor-Deutsch, its President, hereby referred to as “NYTEX”.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8331814