READ GORDO56'S POST: I had someone ask about dilution because of OS increase. I don’t think it’s dilution. I think everyone is forgetting what happened with Alpine a few weeks back. That all happened in the middle of the company settling debt. We called and asked and they said there would be no more shares issued from the company beyond the “current” commitment. That was at the time. They also have said repeatedly they are not increasing the AS. We have discussed many times why they chose 1B for the AS and it’s my opinion it’s to match the cap structure of the merging company. Said that some time back.
What ever was not completed when Alpine got shut down very well may be resolved and they are finishing what they were in the middle of. This of course is JMO but someone should call and ask. I’m not worried about it because I actually don’t think the pps is going to matter much longer. I stand by my opinion that the company is merging in order tonupkist so the pps won’t matter much
According to this previous news, CEO wants this stock uplisted to QX:
Chief Executive Officer, Alex Umbra stated, “In keeping with our commitment to shareholder value and participation I, over the past 10 months, have authorized the purchase of shares from the market and am currently reviewing the company’s ability to provide more value to our shareholders”.
UATG is currently finalizing their internal audits and is expected to turn over auditing to an independent auditor by year end in preparation of an S1 filing. This is keeping with the company’s longstanding comments on its intention to up-list to a QX company.
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