-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by ArmySGT: ok wife talked me into getting in
You'll be able to thank your wife after you go to the bank on this one Sgt
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
I bought some when it was moving fast yesteday at .02 and then picked up more at .0185 for an average price of .0194. Hope we see green today and yesterday's pr sets in for this to go.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
perhaps a dip before the next surge? Some profit taking? I think if we can shake the sellers here we should be in good shape for a strong close today...
Posts: 181 | Registered: Feb 2006
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posted
yes...I agree, it dipped more than I thought it might. But then again, people have been waiting quite some time to unload this after over five months of waiting. I was tempted to sell it all, but I'm still holding out for now because I still think the best is yet to come. When the merger is completed (according to the PR by the end of this month) we should see another big spike...followed perhaps by an equally big dip...
Posts: 181 | Registered: Feb 2006
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posted
Gry, good luck to you as well. part of me doesn't want it come back down to .018 cause I am in at .02 but I would like a little more of this at a discount price.
-------------------- Damn, if he wasn't right. Posts: 391 | From: Tallinn, Estonia | Registered: Aug 2004
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posted
coming back up slowly but surely...if we can break into the green at .0195+, we look good for having a strong close today!
Posts: 181 | Registered: Feb 2006
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posted
I just got home and see that I still own all my shares - so I'm not too happy..... Have sells in at .03; .034 and .05 Damn......
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
wow trading from a combat zone is harder then i thought. Internet problems stocks dropping, IEDs what will they think of next??? LOL Come on UVCL bounce back!
Posts: 317 | From: Iraq | Registered: May 2006
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS THE FOLLOWING DISCUSSION AND ANALYSIS SHOULD BE READ IN CONJUNCTION WITH THE FINANCIAL STATEMENTS AND NOTES THERETO APPEARING ELSEWHERE IN THIS QUARTERLY REPORT. CERTAIN STATEMENTS IN THIS QUARTERLY REPORT, WHICH ARE NOT STATEMENTS OF HISTORICAL FACT, ARE FORWARD-LOOKING STATEMENTS. SEE "CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS"
GENERAL
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS. Certain statements in this Report which are not historical facts or information are forward-looking statements, including, but not limited to, the information set forth in the Management's Discussion and Analysis of Financial Condition and Results of Operation section. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievement to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. Such factors include, among others:
· general economic and business conditions; · our ability to implement our business strategy; · our access to financing; · our ability to successfully identify new business opportunities; · our ability to attract and retain key executives; · the effect of regulatory and legal restrictions.
These statements are based on our current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties. Our actual results could differ materially from those discussed in these statements.
We currently have no operations. During the last quarter of 2005 we entered into a letter of intent with Daytona Brands to acquire that corporation in a reverse merger. We are expecting to enter into a definitive merger agreement with the company by the end of the second quarter of 2006. There is a possibility that we will not enter into a definitive agreement if the parties choose to discontinue negotiations. If that occurs, we will continue to seek a merger candidate as long as we have the financial means to continue operating. The proposed merger is subject to certain customary conditions, including UniverCell and Recall receiving shareholder and regulatory approval.
The following discussion should be read in conjunction with the condensed consolidated Financial Statements and the Notes thereto for the three months ended March 31, 2006 and March 31, 2005.
RESULTS OF OPERATIONS
Since we have discontinued all operations, the period-to-period comparisons of financial results are not meaningful and are not any indication of future performance. On March 9, 2005, we sold all of our remaining assets, consisting primarily of a single subsidiary. Since all of the debt formerly carried on our balance sheet was debt of that subsidiary, we recorded a gain on disposal of our discontinued operations of $376,705 for the three months ended March 31, 2005.
LIQUIDITY AND CAPITAL RESOURCES
To date, we have financed our operations primarily through a combination of a loan from our principal stockholder, private placements of equity and our operating income.
Our $0 in current assets represents the amount we have after we have received loans to pay expenses for this quarter from our principal stockholder and CEO. With current liabilities of nearly $276,000 our ability to meet our obligations as they come due will depend almost entirely on the willingness of our principal stockholder to advance the funds necessary to continue to operate and seek a merger candidate.
Umm what does mean to a newbie like me??
Posts: 317 | From: Iraq | Registered: May 2006
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