Union Equity evaluates each potential acquisition independently. We exercise the same degree of due diligence whether we are analyzing pre-construction condominiums, undervalued single-family or multi-unit dwellings, or income-producing commercial properties. Regardless of the sector, Union Equity demands that specific common denominators exist in each property in order to pursue the greatest possible ROI. http://www.union-equity.com/index.htm
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..big gap to be filled @.02!! (first resistance) Time-2-Fly!! ..chart above to prove it...
mp: although i know little of these things, 0.02 sure is a long way off and doesn't it look like the R1 (first resistance) lies somewhere around 0.008 followed losely by 0.011. but it will gap up monday, thats a given !
mp
jmichael7: UNQT - oK Mike!..fair enough... ..in all due respect what i do know at this time that some may not is several friends who have commited to coming on board to back us on this one Monday morning (most not before 10:30 am)..one imparticular picked up 4.6 Mil all under .046 and closed out all his shares average .065ish (today being Friday i suppose) and says he's putting it all back in on any open vol selling Monday morning between open bell - 10:30 am... ..with that in mind also w/rumors of UNQT's float being less than only 10 Mil. and after closely observing L2 throughout the day seeing ask side continue to thin beautifully at this time we're only concerned about major resistances..52 week Rec Vol today BTW! ..thank you MP for questioning as i can see now i really did not make myself clear..this posted all IMO ;0) jm
siggy: even dogs know not to chase parked cars..lol
-------------------- siggy: 'the poorest way to help the poor is to be poor' / jmichael1974 (yahoo)
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A lot of buzz for sure. UNQT is a SHAKERZ AND MOVERZ pick (cannot go through as one word, lol) and I understand Bloomberg is doing a blurp on them finding undervalued penny stocks. I'm in UNQT...Low float, highest volume ever, they are opening a New York city office and look at the chart. This one is a winner!!! Still time to get in...
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this is a break out pennies group pick!!....huge group so it should play pretty safe the bottom should not just fall outta it ....im not in it though.........GOOD LUCK for whoever is
-------------------- "IT'S NOT LUCK IT'S DAYTRADIN'"
"HERE'S MY 2 CENT'S, SEE IF YA CAN TURN IT INTO A BUCK"
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Its in a great market Real estate, high rise condos, shouldn't be at this price anyway....... of course the float figure could be off!!!
This is where/when it started. PhaserTek Medical Reorganizes as Union Equity, Inc.
WEDNESDAY, NOVEMBER 24, 2004 12:38 PM
PALM BEACH, Fla., Nov 24, 2004 (BUSINESS WIRE) -- PhaserTek Medical Inc. has completed a reorganization and is now Union Equity Inc. (UNQT) . Union Equity is a national real estate developer and holding company specializing in acquiring undervalued real estate in key markets.
The firm has an aggressive approach to the real estate market and is currently analyzing projects in the South Florida area. Union Equity management intends to move rapidly once due diligence has been completed on several potential acquisitions.
"Downtown Miami is experiencing a resurgence in residential development we've never seen before," said Union Equity CEO Michael Anthony. "Our recent research also leads us to believe that Fort Lauderdale will be the next market to boom considering the city has one of the most beautiful waterfront urban centers in the nation. People are flocking from the suburbs to set up exclusive residences in downtown communities, just like Manhattan."
Union Equity management prides itself in its ability to move quickly once a viable project has been identified. The company intends to develop a portfolio ranging from pre-construction condominiums, undervalued single-family or multi-unit dwellings, and/or income-producing commercial properties.
"We possess a long-term view on the real estate market but are quite motivated to capitalize on short-term projects as well," said Anthony.
Authorized Shares: 20,000,000,000 as of 2004-11-19 Float: 7,000,000 as of 2004-11-19
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Union Equity Screening Senior Underwriters for Commercial Lending Division Monday February 28, 9:05 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--Feb. 28, 2005--Union Equity Inc. (Pink Sheets: UNQT - News), a national real estate development and holding company, has narrowed its search for a senior underwriter to spearhead the company's new commercial lending division. The company has identified approximately one dozen highly-qualified individuals after screening nearly fifty potential candidates. "This position is critical to the operation of our commercial lending division," said Union Equity CEO Michael Anthony. "The Senior Underwriter's responsibility is to check the applicant's loan file for any inconsistencies that may hurt the company at a later date."
In addition to conducting the standard credit checks on borrowers with the three credit bureaus, the Senior Underwriter will conduct Verifications of Employment (VOEs); Verifications of Deposits (VODs); calculate all debt ratios and determine the accuracy of the subject property's appraisal.
"Accurate comps are crucial in commercial lending," Anthony said.
"Comps" is a lending industry term that refers to "comparable sales." It is the primary device used to establish the actual market value of a commercial or residential property.
"If the loan performs, we make our money; in the event of a default I want to make sure we are foreclosing on something we loaned $100,000 against that we can sell for $150,000," Anthony said.
In order to keep expenses down, the Senior Underwriter will be paid on a "per-file" basis; meaning that their compensation will be passed directly though to the borrower in the form of an "underwriting fee."
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Union Equity Retains Accounting Firm of Bagell, Josephs & Company, LLC
March 01, 2005 09:05:00 (ET)
PALM BEACH, Fla., Mar 1, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT), a national real estate development and holding company, has recently retained the services of Bagell, Josephs & Company, LLC to handle all company accounting matters.
Bagell, Josephs & Company is registered by the PCAOB (Public Company Accounting and Oversight Board) and is part of the BDO Seidman alliance of accounting firms. BDO Seidman is the fifth largest international accounting firm.
About Union Equity, Inc.: Union Equity is national real estate development and holding company that emphasizes acquisitions in undervalued projects such as pre-construction housing, commercial and residential foreclosures and other key opportunities. The company has an aggressive growth strategy for the next three years that includes diversification into commercial lending.
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Union Equity in Discussions to Acquire Florida Home Builder Monday March 14, 9:05 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--March 14, 2005--Union Equity Inc. (Pink Sheets:UNQT - News), a national real estate development and holding company, has scheduled discussions this week with a South Florida home builder with the intent of an acquisition. The acquisition would allow Union Equity immediate entry into the construction and development of single family home projects. "We are very excited about this potential acquisition since the current Florida housing market isn't slowing down and the new Scripps Research Institute project could push demand to an entire new level," said CEO Michael Anthony.
Anthony refers to the pending Scripps Research Institute in Palm Beach County. According to the Palm Beach Post, the California biomedical facility could put the region on the national map as a biotechnology hotbed. Once operational, the facility could create the need for up to 10,000 homes in the area.
"The Scripps project is just an added bonus to the market," Anthony said. "With or without it we still have one of the strongest housing markets in the country."
According to a recent article in the St. Petersburg Times by Robert Trigaux, Florida housing prices rose 18.79 percent last year. Among the big metro areas in the state, West Palm Beach, Fort Lauderdale and the Miami area recorded higher housing appreciation rates than this area in 2004. All major Florida markets were still well above the national average of housing appreciation last year of 11.17 percent. Florida ranked fifth nationally in housing appreciation in 2004.
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Union Equity Executes Contract to Acquire Eden Development Group and Sets Closing Date via COMTEX
March 30, 2005
PALM BEACH, Fla., Mar 30, 2005 (BUSINESS WIRE) --
Union Equity Inc. (Pink Sheets:UNQT), has executed contracts to acquire Eden Development Group a residential property developer. Eden Development will become a wholly-owned subsidiary of Union Equity. The closing will occur on or before April 14, 2005.
"We are extremely excited about this acquisition as it will give us immediate entry into one of the hottest housing markets in the country, Florida," said CEO Michael Anthony. "The demand for new residential housing is far outpacing the current supply. We see no signs of the market slowing any time soon," said CEO Michael Anthony.
The company continues to seek out other acquisitions and/or mergers in the areas of land development, residential mortgage financing and construction/general contracting. Union Equity's objective is to become a one-stop source for the residential housing and mortgage finance consumer.
The company has a particular interest in South Florida, due to the pending Scripps Research Institute in Palm Beach County. According to the Palm Beach Post, the California biomedical facility could put the region on the national map as a biotechnology hotbed. Once operational, the facility could create the need for up to 10,000 homes in the area.
"The Scripps project is just one area of opportunity that the company is closely monitoring," Anthony said. "With or without it we still have one of the strongest housing markets in the country and our company will position itself to capitalize on this opportunity."
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Eden Development Group President Bringing Two Decades of Construction Experience to Union Equity Tuesday April 5, 10:14 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--April 5, 2005--Union Equity Inc. (Pink Sheets:UNQT - News) quickly approaches the closing date for its acquisition of Eden Development Group. EDG's president, James T. Wadsworth Jr., is bringing more than two decades of construction experience to the table and will stay on board to spearhead Union Equity's residential construction and development projects in South Florida. As previously released, the closing will occur on or before April 14, 2005.
"Jay is the ideal contractor," said Union Equity CEO Michael Anthony. "The guy has worked on everything from historic homes to multi-million-dollar Palm Beach estates. I like him because he brings his projects in under budget and on time. He's also got a serious talent for maximizing space and including lots of classy features without sacrificing the bottom line. His reputation in the industry is golden. We're lucky to have him."
James T. Wadsworth Jr. has been a licensed general contractor in Florida for nearly two decades. In his lifetime he has worked on more than 1000 homes.
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Obviously. That's the way they play OB stocks.
