I tried to start this thread earlier and screwed it up, so forgive the double posting.
At any rate, UFAC is the symbol of a shell company that's doing a reverse merger with a software company called GraphOn. The people who own GraphOn will be running the surviving company.
GraphOn makes several products in the "thin server" marketplace which are designed to give easy access for Windows clients to Unix/Linux applications. They have an excellent list of customers and appear to have some remarkable technology.
The UFAC stock has sat at $5.25 for months(since the reverse merger was announced) never moving more than 1/16 in either direction and the volume traded was very low. All of a sudden the stock has come to life with several days of dramatically higher volume and suddenly the stock has moved up to $7 3/8. There's been practically no news about what's going on, so this appears to be buying by people that know something that isn't obvious to everyone else.
I think its worth checking out what's happening, the GraphOn products are super. This could be a future superstar.
For the sake of full disclosure, I do own shares which I picked up a few months ago.
Here's some links to get started for anyone interested:
graphon.com
biz.yahoo.com
wallstreetinterview.com
wallstreetinterview.com
wallstreetinterview.com
biz.yahoo.com |
