Global UAV Technologies Ltd C.UAV

VLP - Market Maker Services - $5,000/mo – I just don't get i

[kidl2]

Going back to the Nov 08/17 NR, UAV hired VLP which never made any sense to me.

Can someone shed some light on this / explain just what benefit UAV derives from this service which seemingly replaced the IR service.

Since this announcement Latimer has been a net buyer of 7 Mil shares at an average cost of $0.118 (see house positions below).

- Who is VLP / Latimer buying for?
- Are they buying for their own account while UAV pays them $5,000/mo to do so?
 
Is there is anyone here who understands this arrangement and can explain it?
 
From the NR:
Market-making services
The company also announces that it has retained market-making services.
The company has, subject to regulatory approval, retained Venture Liquidity Providers Inc. to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company.
The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the corporation has agreed to pay VLP $5,000 per month for a period of 12 months. The agreement may be terminated at any time by the corporation or VLP. The corporation and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the corporation or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the company to VLP is for services only.
In addition, the company reports that Stephen Litwin is no longer acting as investor relations for the company. The company thanks Mr. Litwin for his hard work and wishes him well in his future endeavours.

House Positions for C:UAV from 20171108 to 20180309

 

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
2 RBC	22,642,903	3,580,345	0.158	15,555,003	2,451,477	0.158	7,087,900	-1,128,868
36 Latimer	7,369,024	869,557	0.118	395,426	62,884	0.159	6,973,598	-806,673
85 Scotia	15,796,754	2,278,727	0.144	11,982,723	1,777,559	0.148	3,814,031	-501,168
79 CIBC	16,326,166	2,634,879	0.161	13,941,589	2,198,708	0.158	2,384,577	-436,171
124 Questrade	6,375,316	923,900	0.145	4,908,811	705,974	0.144	1,466,505	-217,926
74 GMP	2,211,000	212,471	0.096	898,500	131,539	0.146	1,312,500	-80,932
80 National Bank	5,616,783	852,035	0.152	4,382,055	752,353	0.172	1,234,728	-99,682
9 BMO Nesbitt	4,776,699	760,135	0.159	3,681,070	493,834	0.134	1,095,629	-266,301
143 Pershing	832,582	160,334	0.193	93,484	12,548	0.134	739,098	-147,786
59 PI	3,340,000	482,857	0.145	2,677,500	435,980	0.163	662,500	-46,877
19 Desjardins	4,019,412	541,449	0.135	3,499,308	478,054	0.137	520,104	-63,395
70 Manulife	296,088	34,615	0.117	0			296,088	-34,615
22 Fidelity	281,499	46,235	0.164	90,550	15,283	0.169	190,949	-30,952
58 Qtrade	571,774	94,013	0.164	434,525	62,916	0.145	137,249	-31,097
25 Odlum	130,000	25,214	0.194	0			130,000	-25,214
88 Credential	388,110	61,018	0.157	277,300	35,491	0.128	110,810	-25,527
33 Canaccord	242,500	32,185	0.133	139,800	15,388	0.11	102,700	-16,797
76 Industrial Alliance	313,130	54,292	0.173	228,000	43,291	0.19	85,130	-11,001
18 Echelon	66,000	7,920	0.12	0			66,000	-7,920
14 ITG	64,335	5,177	0.08	0			64,335	-5,177
48 Laurentian	30,000	5,250	0.175	0			30,000	-5,250
89 Raymond James	39,100	5,388	0.138	20,450	3,785	0.185	18,650	-1,603
62 Haywood	13,000	2,015	0.155	0			13,000	-2,015
84 Ind Trading	170,500	31,445	0.184	170,500	31,341	0.184	0	-104
28 BBS	1,389,868	162,018	0.117	1,390,853	164,415	0.118	-985	2,397
57 Interactive	0			6,200	1,116	0.18	-6,200	1,116
68 Leede	249,200	32,504	0.13	446,000	49,878	0.112	-196,800	17,374
7 TD Sec	44,234,074	6,658,373	0.151	44,475,670	6,231,762	0.14	-241,596	-426,611
99 Jitney	1,351,500	191,681	0.142	1,605,000	244,296	0.152	-253,500	52,615
13 Instinet	16,826,300	2,832,350	0.168	18,950,800	3,313,425	0.175	-2,124,500	481,075
1 Anonymous	15,341,500	2,347,114	0.153	41,054,000	6,212,199	0.151	-25,712,500	3,865,085
TOTAL	171,305,117	25,925,496	0.151	171,305,117	25,925,496	0.151	0	0

[deepstate]

I've always wondered as well. But I feel it could explain some extra costs in financials. They just keep buying and buying...but from what I've heard Latimer does it with their own discretion.

[theGamble]

Simple. Either you spend the time and effort to promote your company to investors and the marketplace OR you hire a professional who already knows the game and the players to do it for you. If you think $5k a month is too expensive... Then clearly you weren't following UAV prior to Nov 17. All the recent shows/media updates/CSE support did not exist before VLP. Worth every penny imo and only

[thinkb4uspeak]

You obviously aren't experienced in company promotion in the marketplace with that question...take time to read up on this before you waste everyone's time here....keep that garbage off this forum...

[kidl2]

Thinkb4uspeak: Why don’t you educate me and this forum?   I have only been in this game for some 40 years which means I am certainly need of some input.   Never before have I seen a trade-off between IR and MM.   Aside from that, looking at UAV management and their experience in public markets, it would seem that I have forgotten more than these guys will learn any time soon.  

[Empower]

This post has been removed in accordance with Community Policy

[kidl2]

What nonsense!!! Dropping hundreds of thousands of out of the blue expenses into Q4. That is what shareholders need topay attention to. Not questioning UAV's potential upside but curent mangement haas blown it (for now). No one in his right mind is going to believe Q1 unaudted  numbers.