OK UNDY Here is some basic DD... I do not like the trading and the
insiders selling into the market but that is me.
Insider trades is a bunch:
6-May-99 BENNETT KARI R TRUST Planned Sale (144) 20,000 Common
6-May-99 CUNNINGHAM KENNETH R Planned Sale (144) 130,000 Common
1-Feb-99 KATZ JONAJHA Planned Sale (144) 250,000 Common
1-Jan-99 WALDMAN STEVE Planned Sale (144) 150,000 Common
31-Dec-98 NIELSON KRISTA Planned Sale (144) 60,000 Common
31-Dec-98 CAPITAL GENERAL CORP Planned Sale (144) 260,000
Historical Pricing:
UNIDYN CORP
Prices Available: 02/03/98 through 05/28/99
Ticker: UNDY
Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
04/29/99 150,000 0.13 0.12 0.13
04/30/99 24,500 0.16 0.15 0.15
05/03/99 22,000 0.19 0.19 0.19
05/04/99 10,000 0.19 0.16 0.16
05/05/99 16,000 0.18 0.17 0.17
05/06/99 244,500 0 3/16 0.10 0 1/8
05/07/99 400 0.15 0.15 0.15
05/10/99 119,000 0.15 0.11 0.15
05/11/99 15,300 0.17 0.12 0.13
05/12/99 110,000 0.17 0.13 0.14
05/13/99 321,400 0.18 0.13 0.17
05/14/99 75,900 0.16 0.15 0.16
05/17/99 68,300 0.17 0.15 0.15
05/18/99 11,300 0.16 0.14 0.14
05/20/99 5,000 0.14 0.14 0.14
05/21/99 5,800 0 3/16 0.14 0.14
05/24/99 20,800 0 3/16 0.16 0.16
05/25/99 242,000 0 3/16 0.12 0.12
05/26/99 457,200 0.14 0.12 0 1/8
05/27/99 20,000 0.14 0 1/8 0.14
05/28/99 25,900 0.15 0.14 0.15
Note the volume and little price movement... Since January .40 cents
is the high and the insiders tagged it. More insiders have filed btw.
No revenues that I can find only testing so they are selling stock
NO news since March 8 1998 where a wholly owned sub was to start testing /
Reporting and current
NOTE 3: FORWARD STOCK SPLIT
Effective December 3, 1997, pursuant to written
action adopted unanimously by the Board of Directors and a
majority of the shareholders, the Company changed its name to
UniDyn, Corp.,and approved an eight-for-one forward stock
split on the Company's common stock as follows: each outstanding
share was converted into eight shares. Before the change, the
Company was authorized to issue 100,000,000 shares of $.001 par value
common stock; after the forward stock split the Company shall
continue to be authorized to issue 100,000,000 shares of $.001 par
value common stock. The number of outstanding shares of common
stock affected by the forward split was 4,000,000. The number of
issued and outstanding shares of common stock of the Company after
the forward stock split is 32,000,000.
NOTE 4: 1998 EVENTS STERLING PATENT
During the quarter ended June 30, 1998, the
Company issued 6,416,000 shares of restricted common stock
(I believe this comes off in 4 weeks), previously held as
treasury stock, to acquire a patent on the Sterling Project from
Universal. The patent will be amortized over fifteen years. The
Sterling Project will allow the testing of printed circuit boards.
Sterling will estimate the projected life of each solder connection
on the printed circuit board, which will quantify the reliability
of the manufactured part. The Company expects to have a working
production model by the end of 1998 with sales expected in the second
quarter of 1999.
RESULTS OF OPERATIONS
For the three months ending March 31, 1999, the Company
posted a loss of $42,007 on revenues of $401,200 ($165,895 earnings
and $737,415 for the same period in 1998). Substantially all sales
were generated from the NorthStar product. NorthStar is composed
of off the shelf items and has minimal assembly requirements. The
Company was profitable for the quarter ($36,553) but its
subsidiary lost $78,560
BUSINESS RISKS
While management believes, but there can be no
assurance, that the Company is sufficiently capitalized to
continue operations for the remainder of the fiscal year,
management is currently seeking additional capital investment to
fulfill inventory requirements and outstanding purchase orders
which could have a material impact on short-term growth
objectives.
Now maybe they have something that (Ira Gentry) is about to post or
make known shortly.
Do your own DD before you invest...
GB |
