$UMAX Cancellation of Common Stock – On November 2, 2020, UMAX announced the cancellation of 500,000,000 shares of its Common Stock thus lowering the amount of common stock issued and outstanding to less than 65,000,000 shares of Common Stock. This planned cancellation has been delayed due to the market value of the certificates being cancelled when attempting to get the required gold medallion signature guarantees through an appropriate banking institution. We are currently in discussions with our stock transfer agent in finding an appropriate resolution to allow this cancellation to get completed. UMAX anticipates this issue will be resolved in the next two to three weeks.

https://www.barchart.com/story/stocks/quotes/...ral-update