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Replies to post #23915 on Umbra Applied Technologies Group Inc (UATG)

Replies to #23915 on Umbra Applied Technologies Group Inc (UATG)
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helpx

05/03/18 2:08 PM

#23918 RE: Gordo56 #23915

100k $ income only with socks sells
..thats good.
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DD-214

05/03/18 2:12 PM

#23921 RE: Gordo56 #23915

lmao, they didn't make anything, UATG lost over $70k for the Q, $103k was gross revenue..

They have $6k in cash and with only $950 in inventory, how will they buy product?


UATG
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Gordo56

05/03/18 4:08 PM

#23951 RE: Gordo56 #23915

Thats accrued and was last Q. We do not know where they are at today but UATG has always kept cash either off books or with investors so they dont have to extend debt. I know this because I was one of the investors. They come to you on an as needed basis if and when they need cash. Its smart this way they are forced to run lean. CEO is VERY conservative when it comes to cash.