Well, I can now retire on this one! I have had many calls from this brokerage house and never purchased or opened an account. In retrospect, maybe it has been a mistake. The broker wanted me to take a 5,000 or 10,000 chunk at the $3.60 offering price. Well, I don't really know them that well an am not very liquid at the moment. Of course in retrospect, I could have done something. In desparation he said "well, take 200 shares". I said that if I went ahead and took the 200 shares I would keep my eye on it. If I don't buy any, I would never give it a second thought. So, I said OK. He later called and started to squirm out....Long story shortened...I only ended up with 100 shares of the units. Well, it has been 20 to 30 years that I have purchased 100 shares of a stock! Hardly seems worth it! BUT.......
It closed today at $10.125 for the common .......UNVCV
..............................$7.6975 for the warrent........UNVWV
I THINK I have 100 of each. I AM RICH !!!!!!!
UNIVEC, INC....Develops and markets safety hypodermic syringes designed to protect the healthcare worker and patient against cross-infection. The company also sells and intends to develop other hypodermic devises. In first two months of 1997 the company sold approximately 1,777,000 locking clip syringes resulting in sales of approximatly $159,000.00.
I received the prospectus while I was gone seeing a daughter in a hospital about 3 hours away. So I have not had a chance to read it. But the price is encouraging. Why are the ones I don't buy into very much or not at all, always the good ones???? The ones I hit hard always go south.
Good Investing, Gary J
PS, 100 puny shares, you would have thought he would at least let me have the 200!!!!!!!!
For some reason, he kept saying he takes care of his clients and new unknows get the scraps! Now am I now a BIG client??? Guess I better see about getting some cash together, he says he has another one comming in 2 months.
PPS, I can appreciate a syringe that can't stick you, years ago when I was an EMT we did not have that protection. I have been stuck many times while working on patients in the strangest positions. At a auto crash you can't place the patient where you would like! Most of the time the needle was stuck in the IV line, so it had never been in the patients body or in contact with their blood. Saving grace! |
