Replies to post #68667 on Umbra Applied Technologies Group Inc (UATG)

[Mcol52]

I believe CEO said that it takes about 2 months to turn cashflow which triggers $5M in SBA funds once they have proven cashflows. He said that in a video. They also have 4 in production not two. It's two at a time I think and they are expanding as they go. He also said that they are in production and will continue production for whatever that's worth. Time will tell IMO. Cautiously optimistic about them fulfilling all their contracts plus the 6 he said are waiting. That's easily over $100M in revs if not $200M in revs IF they pull it off. You're talking a lot of money needed and a lot of manufacturing not to mention the man power needed to run all these things. I think they can potentially finally realize the original $50M but beyond that is just too early to tell IMO.