To: Ga Bard who wrote (5827 ) 6/1/1999 1:48:00 PM From: UniDyn_CEO Read Replies (1) | Respond to of 9440
UNDY trading All those listed have never been involved with UniDyn. Krista N. and Capital were the shell people from which we purchased the shell. Those shares are the last of their piece of UniDyn as I understand. I also believe that a group in Canada optioned those shares already. The others listed are just share holders registering their shares.. It appears that any 144 registrations to the SEC are all listed as "insiders" before the 2 year mark. After one year 320,000 shares per quarter can have the 144 restriction removed. After that they can be held in the individual's account, or can be sold. But to be held in a broker account, the 144 has to be removed. The SEC form that does this comes back as insiders. But they are not. I have been asking KATZ for 3 weeks now if he wants to sell his stock. I have never meet him, but it appears he wants to hold.. UniDyn had 8,000,000 free trading and 24,000,000 restricted, and 32,000,000 since being public. THe sterling acquisition came out of the 24,000,000. This allowed UniVersal Dyn. to received something for their part of the 3 year development of the product. Still only 24,000,000 total restricted. We will have our first options for directors and engineering staff that amounts to 700,000 shares. Those options will vest over 4 to 5 years. After that vesture, the company will have 32,700,000 total shares. We did not expect the UK to have lost that amount. We have had trouble getting the UK CPA firm to give us data. In fact we got none. So we were taken totally by surprise. We will most likely close that operation in the third quarter, and wait until we are better funded to get some of those new products up and operational. We have been trying to use the funds we generate from NorthStar the best we can to get Sterling out, and ramp up some of the Derritron product. Check the website unidyn.com so see Derritron and NorhtStar lists. Most of the other statements are standard from the auditors when they represent a small company. IRA