Yesterday, United American Corporation (PINK:UAMA) scored its most active trading session since it began trading on the market. The volume of UAMA reached nearly 9 million shares, which is 70 times over the average volume.The trading, however, was dominated by sellers, who forced the stock price down by 14% to $0.022. [BANNER]
The interest in UAMA was stimulated by the announcement that the company had acquired the New York Telecom Exchange (NYTEX).
NYTEX is an online platform for trading blocks of telecommunication minutes. Domain registry data of NYTEX’s website show that it was created in 2001. At the same time, the website has an alexa rank of more than 7 million, which means 
that over the course of ten years the company hasn’t managed to attract any interest in its enterprise.
UAMA, on the other hand, is a company which hasn’t filed its financial reports for a long time and probably due to this fact it is now marked with a caveat emptor sign. These facts seriously aggravate the effort to get a deeper knowledge in UAMA. Thus, it will be hard for investors to find an instrument which can lessen the risk of investing in the company.
