Replies to post #17373 on Umbra Applied Technologies Group Inc (UATG)

[Gordo56]

I believe he lives in Tampa and I would guess that 15-20 employees live in Tampa.

I do know that they are looking for a sizable block land in the Tampa bay area to build a headquarters that they can expand on over years. He has approved funding and is the personal guarantor for the financing. If my memory is correct its for $5M and he wants to start as soon as possible.

He did mention part of it in his last letter but he and I spoke quite a bit about it. A friend of mine sits on the board and I introduced them. They discussed second round financing when they expand and building manufacturing onsite but I believe that is a few years away and I am not sure if they would finance a project like that outside of Texas. Hes better off going to Florida bank of which I am sure he has many relationships.