InvestorsHub Logo
icon url

Cat

04/19/19 4:43 AM

#41460 RE: Mcol52 #41456

This company didn't just start 3 years ago. Didn't you know, they already had all the wonder-tech back in 2014! They were on track to achieve "Fortune 500 levels of succcess" even back then! Umbra was already as optimistic as ever. They used the fake tech that we still see pumped on the website to request $20M in funding:



Of course serious people turned them down, so they turned to Indiegogo to try to get those suckers to put in money:



Only squeezed 825$, so they turned to their last option: the gullible and unregulated OTC Pink Sheet exchange. The ideal place for them to pump their non-existent technology with no consequences. That's exactly what they did: they issued PRs about millions of dollars worth of UBR-16s, ClearViews, UAT PowerPads, Aerospace tech, Hygieia manufacturing partnerships, and most recently an 'AI' product. All the while diluting hundreds of millions of shares for 5 years, getting the stock all the way down to triple zero, a -99.9+% return since they went public. Lining the pockets of people like Estrada, Cooley, and Dalsgaard all the way down.

And that is the true story of UATG.