All eyes need to be on UMAX immediately. Here's why...

SmallCapFirm

Ripping Up The Chart, Low Float (UMAX) Is Clobbering Away On Breaking Acquisition News (Up Approx. 79%)

January 14th

SCF Readers,

All eyes need to be on UMAX immediately. Here's why...

Trending green and up approximately 79% first thing out of the opening bell, UMAX is riding high on today's breaking acquisition news.

Check it out:

UMAX GROUP CORP. – UMAX Announces Acquisition of Funny Media Studios

LAS VEGAS, NV / ACCESSWIRE / January 14, 2022 / UMAX Group Corp. (OTC PINK:UMAX), a Nevada corporation, has announced the acquisition of a California corporation, Funny Media Studios ("FMS"), a full-scale production studio with crew, equipment, and a shoot-ready soundstage in Los Angeles.

[...]

Read the full article here.

On top of that, UMAX is trading above several lines of potential support including its:

  • 5-Day Exponential Moving Average (EMA)
  • 13-Day EMA
  • 20-Day Simple Moving Average (SMA)
  • 50-Day SMA

Could these lines of potential support act as building blocks towards a vertical chart move near term?

Between the potential support, today's acquisition news, and a low float, UMAX needs to remain high on your watch-list this morning.

Get UMAX pulled up quickly and read my initial report below now.

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Have you been keeping up with recent alert MYNZ?

Brought to your attention last month, it opened up December 8th's session at $8.55.

All it did from there was set the markets ablaze and go on a straight up double.

Hitting a high of $18.68 last week on January 5th for an overall surge of 118% and $10+, MYNZ became just another one of our wild upside eruptors in recent memory.

But not happy to sit back and wait for the next breakout idea to just pop up on my desk, I've been hunting.

What I've uncovered could be another potential filled dynamo ready to do a number on the markets.

For Friday, January 14th, there is only one profile to have at the top of your radar:

*UMAX Group Corp. (UMAX)*

UMAX Group Corp. is a Nevada corporation, and its operational subsidiary, Funny Media Group, LLC, which is a media development company which is currently concentrating on producing its own original content with the intent of selling that content to one of the many streaming companies (i.e., Net-flix, Hulu, Showtime, Disney+, etc.) and having their own streaming platforms on their website and YouTube channels.

And right now the company has 5 potential breakout catalysts going for it:

No. 1 - Signing Of New Distribution Deal

No. 2 - This Is A Low Float Profile

No. 3 - Trading Over Multiple Lines Of Possible Support/Key Bullish Technicals

No. 4 - Key Change Of Capital Structure

No. 5 - Huge Viewership Milestone Reached

But more on those in a second...

A Booming Digital Market Outlook (1) - How UMAX Could Be The Next Big Hit

The move toward digital media has been building for a while now, but after the events of 2020, the digital media industry is expected to see record growth in both revenue and number of users, according to Finaria.it.

Finaria.it has presented new data from a Statista survey that projects the global digital media industry will hit a $292.4Bn value in 2021, which would represent a 15% year-over-year growth from 2020.

This growth isn’t expected to slow down. Finaria.it projects that by 2025, digital media revenue will be more than $414Bn.

In 2020, video-on-demand saw the biggest segment growth, with revenues rising 29% year-over-year to $72.5Bn. Video-on-demand is projected to continue growing to $85.8Bn in 2021.

According to Statista, there will be more than 7 billion users of digital media in 2021. Video-on-demand is expected to make up 1.8 billion of that number, which is a 28% growth from 2019.

Where UMAX Comes Into Play

Funny Media, UMAX's media development wing, has currently produced 200 comedy specials (each special being 30 minutes in duration) at its own state of the art facility.

The Funny Media facility was built with the development of live audience content in mind with approximately $200K in on site video and production equipment and $200K in full facility build out costs.

The in-vest-ment in the facility has allowed Funny Media to keep out of pocket production costs down and produce each 30-minute comedy special for under $7,500.

The short-term goal is to produce content for streaming services like Net-flix and Amazon with the long-term goal being to build a large enough media catalog that any of the current streaming services would be interested in acquiring.

And UMAX's first big potential catalyst could help lead the way...

No. 1 UMAX Potential Catalyst - Signing Of New Distribution Deal

Funny Media Group Signs Distribution Deal with Foundation Sales and Consulting

LOS ANGELES, CA / ACCESSWIRE / December 27, 2021 / UMAX Group Corp. (OTC PINK:UMAX), a Nevada corporation, has signed a deal to distribute its comedy specials with Foundation Sales and Consulting, a company known for its strategic and operational expertise in the film, television, and the evolving digital and technology space.

After the acquisition of Funny Media Group in May 2021, UMAX has now fully transitioned into comedy development as the vehicle to achieve a cash-flow positive operation and to provide the best return on shareholder's in-vest-ment.

Rondell Fletcher (UMAX President and CEO), who has been producing content for more than 19 years, says that Foundation will become a great partner.

"We couldn't have asked for a more dedicated and experienced group of professionals," Mr. Fletcher says.

As part of its deal with Foundation, Funny Media Group has developed a new format called "The Cube"-30-minute episodes featuring 15 minutes each from two select comedians.

"The Cube allows us to highlight the work of some of our funniest comedians," Mr. Fletcher says.

Since beginning the shows in May 2021, FMG's YouTube channel has racked up over 1.5M views over only 40 shows. Two hundred shows have been taped, with 160 remaining to be released.

"The response has been fantastic," Mr. Fletcher says.

Mr. Fletcher has an extensive background in production and media. He has owned his own production studio in Los Angeles for the past 19 years and has produced national shows for CNN, FOX, Food Network and Comedy Central, among others.

[...]

Read the full article here.

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No. 2 UMAX Potential Catalyst - This Is A Low Float Profile

According to the OTC Markets' website, UMAX has a low float.

The website reports this profile to have approximately 9.75Mn shares in its float.

Why is that important? It's important on one crucial level. Volatility.

With so few shares available for trading, other potential catalysts (like big news) could spark a vertical move in the short-term.

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No. 3 UMAX Potential Catalyst - Trading Over Multiple Lines Of Possible Support/Key Bullish Technicals

Could UMAX be trading over multiple lines of potential support? As of close on Wednesday, it definitely was.

A look at its chart on Barchart showed that UMAX was trading above multiple lines of potential support including its:

  • 5-Day Exponential Moving Average (EMA)
  • 13-Day EMA
  • 20-Day Simple Moving Average (SMA)
  • 50-Day SMA

If UMAX holds strong above these lines, even more potential support could build and act as a launching pad for UMAX near term.

On top of that, Barchart was reporting multiple technical indicators are bullish including UMAX's but one may be more important than the others.

The website says its all-important "TrendSpotter" composite indicator is triggered as a "BUY."

Could this be a signal that UMAX is trending in the right direction?

Just take a look at the website's recommendation for UMAX from last month and its current recommendation...

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No. 4 UMAX Potential Catalyst - Key Change Of Capital Structure

UMAX GROUP CORP. – Lowers Authorized Common St-ockLAS VEGAS, NV / ACCESSWIRE / January 5, 2022 / UMAX Group Corp. (OTC PINK:UMAX), a Nevada corporation, would like to announce that it has filed amended articles of incorporation with the State of Nevada, Secretary of State, lowering its authorized common st-ock from 1.85Bn shares of Common St-ock to 500Mn shares of Common St-ock.

Mr. Fletcher (President and CEO of the Company), states…"We started the process of changing our capital structure over a year ago. As announced last month, we were able to effectuate the cancellation of 500Mn shares of Common St-ock lowering our issued and outstanding common st-ock by 89%. The filing of the amended articles of incorporation, lowering our authorized common st-ock, is the final step in this process. As promised, the Company will not increase the authorized Common St-ock for a minimum of three fiscal years. With these actions in place, not only will our market capitalization be more in line with our financial performance, but in-vest-ors can rely on the fact there will be no significant dilution of their holdings as we grow the Company."

[...]

Read the full article here.

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No. 5 UMAX Potential Catalyst - Viewership Milestone Reached

Funny Media Group Re-cords 1.5Mn YouTube Milestone in only 40 Shows, Announces Season Two of Shows

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What To Know - 5 Potential Catalysts For Breakout Idea UMAX

No. 1 - Signing Of New Distribution Deal

No. 2 - This Is A Low Float Profile

No. 3 - Trading Over Multiple Lines Of Possible Support/Key Bullish Technicals

No. 4 - Key Change Of Capital Structure

No. 5 - Huge Viewership Milestone Reached

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Coverage is officially initiated on UMAX. When you have a second, do this:

image

Get UMAX on your radar now.

Sincerely,

Axel Adams

Editor, SCF


Source 1


(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)​

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