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Microcap & Penny Stocks : United Medicorp (UMCI) -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (1)8/25/1998 3:43:00 PM
From: CoffeePot  Respond to of 5
 
The 10-Q looks pretty good, for the past 6 months UMCI was able to increase it's cash potion by $251,769 to bring our total cash position up to a little over $500k, now thats what I call increasing shareholder value:)



To: Due Diligence who wrote (1)8/25/1998 4:10:00 PM
From: CoffeePot  Read Replies (1) | Respond to of 5
 
Insider buys, looks like one of UMCI's board members purchased 1mm shares at .10 back in July biz.yahoo.com



To: Due Diligence who wrote (1)8/25/1998 4:38:00 PM
From: Due Diligence  Respond to of 5
 
Spoke this afternoon to Mr. Culver CFO for UMCI and asked him about the acquistion financing. He said it was in the filings,but paraphrasing it as follows:

$1.00 for the stock
Assume $950,000 in payables
Receive $700,000 in assets

Also was told the acquistion was a long-time client of UMCI so the transition was accomplished with relative ease.


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