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Thursday, October 21, 2021

UA Multimedia, Inc., (OTCMKTS: UAMM) Major Move as Crypto Operator Looks to Become Just the 3rd Public Company to Own a Crypto Exchange

UA Multimedia, Inc., (OTCMKTS: UAMM) is marching northbound with power since a brief dip after the historic run the stock made earlier this year from double zeroes to highs of $0.01625. UAMM is currently under heavy accumulation with many new investors jumping on board every day. The stock is quickly emerging as an investor favorite and is currently among the most actively searched and talked about stocks in small caps. UAMM is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over recent $0.01625 highs and its blue skies ahead for UAMM. 

It’s easy-to-get excited about UAMM at current levels; the stock has a history of explosive moves running to $0.01625 earlier this year over the course of several trading sessions. The Company has virtually no debt, no convertible notes on the books and no preferred shares. UA Multimedia is making several big moves; they are currently in the process of acquiring a crypto exchange which would make UAMM just the 3rd public Company to own a crypto exchange besides Coinbase and NSAV. The Company is also looking to offer crypto trading via its own decentralized exchange. Unlike centralized exchanges such as Coinbase or Binance where the exchange function as a trusted intermediary to facilitate trades and store customers tokens, DEX trading is peer-to-peer and the users retain full custody of their cryptos via their own wallets. This is a much safter type of crypto exchange as the exchange cannot shut down taking the customers coins with it, as has happened so many times in recent years. UAMM also owns an advertising portal called MJ Circle which has seen solid growth and continues to escalate.  The platform currently has several thousand active accounts, and the number of visitors has been increasing on a steady basis.  

UAMM Stock Price, News, Charts - BenzingaUA Multimedia, Inc., (OTCMKTS: UAMM) operating out of Irvine, Califronia is a holding company and a solution provider specializing in blockchain, cryptocurrency, fintech and decentralized finance (DeFi). To err on the side of caution, management had deliberately put the development and launch of CannaMedi.com on hold since the beginning of January when Jeff Session rescinded of the Cole Memo.  Due to the recent positive development in the cannabis industry, management had resumed the preparation for the site launch, which is scheduled to take place sometime in the next quarter. 

The Company’s wholy owned subsidiary online cannabis advertising portal, MJCircle.com, specifically targets to the cannabis industry. MJ Circle allows all businesses and individuals to advertise their products and services as well as posting jobs related to the medical and recreational cannabis markets. Set up similar to Craigslist, the portal will serve as a central location for everyone to post jobs, items for sale, services offered or upcoming events. 

The growth of the advertising portal MJ Circle has been solid and continues to escalate.  The platform currently has several thousand active accounts, and the number of visitors has been increasing on a steady basis.  The Company has booked modest revenues last quarter as well as this quarter from premium services and plans to increase its marketing effort once certain regulatory, technical issues and enhancements for the site have been addressed. 

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UAMM

Earlier this year the Company appointed Michael Lajtay as Interim Chief Executive Officer. Mr. Lajtay is currently a consultant for SupraAlgae, Inc., a manufacturer of unique soil conditioners targeted at the cannabis market.  He is also involved with cryptocurrencies in various capacities since 2014.  He has served as a cryptocurrency consultant, trainer and speaker as well as participated in numerous initial coin offerings (ICOs) and has helped launch several sophisticated mining operations.  Mr. Lajtay also has extensive business experience in the area of consumer products and automotive.  Mr. Lajtay holds a B.A. in Economics from Claremont McKenna College. 

“UA Multimedia is well positioned in the area of cannabis ancillary products and services.  With its pending expansion plan and incorporation of blockchain and cryptocurrency, the potential for growth is tremendous.  I am excited to be part of the organization and looking forward to work with the team to take the company to the next level,” commented Michael Lajtay, Presid 

On May 24 UAMM provided an update on its crypto exchange and non-fungible token (NFT) business. Specialist Crypto Exchange: The acquisition candidate crypto exchange has selected Georgia as the a new country to redomicile. Certain certification has taken longer than expected to obtained. With the most time consuming part completed, the company is now focusing on finalizing the registration process and expected to take on new business sometime in June. The exchange will offer competitive listing fees allowing entities to easily list and offer their tokens for sale. The exchange will also offer marketing and capital raising services. The platform is non-custodial and will interface with selected popular digital wallets to forward proceeds directly to the wallet owners using smart contracts. The two companies have been lining up new listing candidates and will provide more details about the offerings once the business is operational. 

Decentralized Exchange (DEX): UA is also considering to offer crypto trading via its own decentralized exchange. Unlike centralized exchanges such as Coinbase or Binance where the exchange function as a trusted intermediary to facilitate trades and store customers tokens, DEX trading is peer-to-peer and the users retain full custody of their cryptos via their own wallets. As cryptocurrency trading gain more popularity, decentralized exchanges are becoming more user friendly and common. DEXs are also less prone to hacking since they dont have custody of the customers funds. Another attractive feature of decentralized exchanges is privacy. Because they are not under any central control, there is often no registration requirements where sensitive user information must be provided. 

Non-Fungible Token (NFT) 

The software development of the NFT marketplace is making steady progress. The marketplace will initially accept listing of digital arts but will eventually be expanded to other areas of collectibles such as music, gaming and sports. The platform will also aim to make NFT transactions more efficient and less expensive. Using social tools and promotion services, creators can improve the NFTs selling probability. To address the prohibitive high fees often faced with NFT transactions on the Ethereum blockchain, the marketplace will also interface with Binance blockchain where NFT transaction fees will be negligible. The dual interface will allow creators and collectors to transact on both blockchains while keeping a single profile and collection on a single platform. The platform is scheduled to go live by the end of this quarter. Incremental updates will be provided as progress is made. 

ERC-20 Utility Token: The Company is planning a partnership with a non-US entity to offer ERC-20 utility tokens. The tokens can be earned from community participation or marketplace usage. They can also be traded, swapped or used to purchase NFTs. Additional information about the tokens and trading will be forthcoming. Cryptocurrency trading and NFT activities have been growing rapidly, said Michael Lajtay, CEO of UA Multimedia. We are looking forward to capture these market shares with our advanced blockchain solutions which we believe will provide more potential profit opportunities for crypto traders and better experience for NFT market participants. 

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UAMM is marching northbound with power since a brief dip after the historic run the stock made earlier this year from double zeroes to highs of $0.01625. UAMM is currently under heavy accumulation with many new investors jumping on board every day. The stock is quickly emerging as an investor favorite and is currently among the most actively searched and talked about stocks in small caps. UAMM is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over recent $0.01625 highs and its blue skies ahead for UAMM.  It’s easy-to-get excited about UAMM at current levels; the stock has a history of explosive moves running to $0.01625 earlier this year over the course of several trading sessions. The Company has virtually no debt, no convertible notes on the books and no preferred shares. UA Multimedia is making several big moves; they are currently in the process of acquiring a crypto exchange which would make UAMM just the 3rd public Company to own a crypto exchange besides Coinbase and NSAV. The Company is also looking to offer crypto trading via its own decentralized exchange. Unlike centralized exchanges such as Coinbase or Binance where the exchange function as a trusted intermediary to facilitate trades and store customers tokens, DEX trading is peer-to-peer and the users retain full custody of their cryptos via their own wallets. This is a much safter type of crypto exchange as the exchange cannot shut down taking the customers coins with it, as has happened so many times in recent years. UAMM also owns an advertising portal called MJ Circle which has seen solid growth and continues to escalate.  The platform currently has several thousand active accounts, and the number of visitors has been increasing on a steady basis. We will be updating on UAMM on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with UAMM.

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Disclosure: we hold no position in UAMM either long or short and we have not been compensated for this article.

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