Replies to post #23308 on Umbra Applied Technologies Group Inc (UATG)

[Gordo56]

They are not $500k delinquent. You didnt read everything I wrote. When they refile they will do it according to par value most likely (or some other low evaluation) and only owe a couple thousand dollars. COMPANY'S GO THROUGH THIS ALL THE TIME! They refile at low values so they pay less taxes. Youre reading into something that is really no big deal and easily solved.

I think you are missing the big picture but thats JMO

[why_meil]

I don't get it. UATG has 19 employees as of December 2016, negative net tangible assets of $2.8M, current and historic negative cash flows, and no real revenues to speak of, ever... yet they owe close to half a million bucks in taxes to the state of Delaware? What exactly for? Is that corporate franchise tax? Or exactly what type of delinquent tax is it? The numbers aren't adding up for me? Help me wrap my brain around this.