Replies to post #17597 on Umbra Applied Technologies Group Inc (UATG)

[DeltaWarrior]

Agreed. Only a matter of time based on REASONABLE calculations of the recent court settlement. Really quite simple.

In calc below, New conversion price would be .0007, but it just happened today. Therefore, not something we should account for as of today.

On January 24, 2018 the Company received a Florida State court approval of a settlement and stipulation (Case 2018 CA 408) for the satisfaction Company debt in the amount of $113,325 through the issuance of shares which will be exempt from SEC registration in reliance upon Section 3 (a) (10) of the Securities Act based upon the Courts finding. The agreement provides the shares will be issued at a 50% to the market price as defined in the agreement, and the owner may not own more than 9.9% at the time of issuance. As part of that agreement the Company has reserved 375,000,000 of its shares with its stock transfer agent. In order to comply with the court, order the Company has agreed to increase its common shares to 1,000,000,000. The Company also issued 10,000,000 shares of its stock as a fee to a third party for services in connection with that agreement and court process.

https://investorshub.advfn.com/boards/replies.aspx?msg=138639919

It says 50% of the market price, but I’d assume its 50% of lowest 20 day. Therefore, I will use the current conversion price and show that the amount of shares reserved will probably not need utilized.

Current conversion price is .00075.

We owe them $114k.

$114,000 / .00075 = 152 million shares

As you can see, the amount of reserved shares aren’t necessarily the amount that will need issued. Hope that helps!

$UATG