posted
3 month average volume is 87,000 float is listed at 12,000 but that doesn't seem right O/S is 30m
June 14th it dropped from 1.30 to .80 June 26-28 it dropped from .70 to .19 So in a 2 week span it dropped from 1.30 to .19. Only one PR was issued during that span and that day it finished up 25%
Only 6 times in company history has stock had this much volume in a day.
6 of 8 sessions from June 27-July 7 saw volume above today's. Price went from .70 to .13 in that span.
Latest split was forward 3:1 in Feb of '05.
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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posted
MMs let this one go down this far so they can make huge profit from it. Float is low, so dont give your money to the MMs. I'm buying more at this DIP for a better position. Doesn't take much for this to run, and this is a sure runner !!.
-------------------- Please do your DD. Break some bread with me! Posts: 1138 | From: atlanta | Registered: Apr 2006
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Item 2. Management's Discussion and Plan of Operation Forward-Looking Statements
This Quarterly Report contains forward-looking statements about US Biodefense, Inc.'s business, financial condition and prospects that reflect management's assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. If any of our management's assumptions should prove incorrect, or if any of the risks and uncertainties underlying such expectations should materialize, UBDE's actual results may differ materially from those indicated by the forward-looking statements.
The key factors that are not within our control and that may have a direct bearing on operating results include, but are not limited to, acceptance of our services, our ability to expand our customer base, managements' ability to raise capital in the future, the retention of key employees and changes in the regulation of our industry.
There may be other risks and circumstances that management may be unable to predict. When used in this Quarterly Report, words such as, "believes," "expects," "intends," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions.
Overview
We were incorporated in the State of Utah on June 29, 1983, under the name Teal Eye, Inc. We merged with Terzon Corporation and changed our name to Terzon Corporation in 1984. We subsequently changed our name to Candy Stripers Candy Corporation. We were engaged in the business of manufacturing and selling candy and gift items to hospital gift shops across the country. We were traded Over-the-Counter Bulletin Board for several years. In 1986 we ceased the candy manufacturing operations and filed for Chapter 11 Bankruptcy protection. After emerging from Bankruptcy in 1993, we remained dormant until January 1998, when we changed our name to Piedmont, Inc. On May 13, 2003, we filed an amendment to our Articles of Incorporation to change our name from Piedmont, Inc. to US Biodefense, Inc. We are a registered government contractor with the Department of Defense Logistics Agency that is focused on designing ad developing homeland security and biodefense products.
Results of Operations
Revenues
Our revenues totaled $20,000 for the three months ended May 31, 2006, compared to $16,667 for the second quarter ended May 31, 2005. Revenues for the current fiscal quarter were attributable solely to the October 15, 2005 renewal of the agreement with Financialnewsusa.com, a related party, to provide consulting services to them in exchange for $40,000, for which we were paid in advance the entire balance of the contract. Financialnewsusa.com is currently our only customer, which represents all of our revenues generated during the three and six months ended May 31, 2006. We cannot guarantee that we will be able to attract future customers and continue to generate sales. In the year ago period, we did not generate any revenues.
During the six months ended May 31, 2006, we generated $40,000 in revenues, as opposed to revenues of $79,167 in the prior six month period ended May 31, 2005. The decrease in revenues in the comparable six month periods is attributable to the lower contracted service price with Financialnewsusa.com.
Expenses
Total expenses for the three months ended May 31, 2006 were $11,718, consisting primarily of research and development costs in the amount of $10,305 and general and administrative expenses of $1,413. For the three months ended May 31, 2005, we incurred expenses of $30,611, all of which was considered general and administrative expenses.
Our aggregate expenses decreased year-to-year primarily due to a significant decrease in salaries and executive compensation, resulting in general and administrative expenses lowering by 95%. Our research and development costs increased materially due to our refocus from establishing our infrastructure to commitment to identify products and services to commercialize. Although we are dedicated to bring products or services to market, we cannot estimate when, if ever, we will do so, nor that we will realize any revenues from such products or services.
Total expenses for the six months ended May 31, 2006 were $33,872, consisting of $23,171 in research and development and $10,701 in general and administrative expenses. In the year ago six month period ended May 31, 2005, our total expenses were $69,168, consisting solely of $69,168 in general and administrative expenses. The shift in our expenses and allocation thereof in the six months ended May 31, 2006 and 2005 are attributable to similar factors present in the three months ended May 31, 2006 and 2005.
Net Income (Loss)
We realized net income of $8,282 for the most recent quarter ended May 31, 2006. In comparison, we incurred a net loss from operations in the amount of $13,944 in the year ago three month period. The key factor providing this change: namely, our expenses were significantly lower in the current period as opposed to a year ago.
For the six months ended May 31, 2006, we generated $6,128 in net income, as opposed to net income of $9,999 in the prior six month period ended May 31, 2005. The difference is attributable mainly to the level of revenues generated in the period ended May 31, 2005 being approximately 49% higher than in the current period ended May 31, 2006.
Liquidity and Capital Resources
We have limited cash on hand, in the amount of $9,037 as of May 31, 2006, and may be unable to continue operations for the next at least 12 months if we are unable to generate revenues or obtain capital infusions by issuing equity or debt securities in exchange for cash. If we are unable to obtain capital through issuances of equity or debt, David Chin, a shareholder and President of our company, has verbally agreed to loan us cash, which shall bear no interest and be due upon demand. As of May 31, 2006, David Chin loaned us a total of $4,312 to pay for general and administrative expenses. The loan bears no interest and is due upon demand. As of May 31, 2006, the amount owed is $1,313. We have no formal written agreement with Mr. Chin for any further loans, and we cannot guarantee you that we will be able to enforce our verbal agreement. Notwithstanding this, there can be no assurance that we will be able to secure additional funds in the future to stay in business. Our independent registered public accountants have expressed substantial doubt about our ability to continue as a going concern because we have limited operations.
There are no known trends, events or uncertainties that have had or that are reasonably expected to have a material impact on our revenues from continuing operations.
Our management does not anticipate the need to hire additional full- or part- time employees over the next 12 months, as the services provided by our officers and directors appear sufficient at this time. We believe that our operations are currently on a small scale that is manageable by a few individuals. While we believe that the addition of employees is not required over the next 12 months, we intend to hire independent contractors to perform research activities and market any potential products and services we may develop.
We do not have any off-balance sheet arrangements.
We currently do not own any significant plant or equipment that we would seek to sell in the near future.
We have not paid for expenses on behalf of any of our directors. Additionally, we believe that this fact shall not materially change.
Our board of directors was advised by E. Randall Gruber, CPA, PC, our independent registered public accounting firm, that during their performance of audit procedures for 2005 E. Randall Gruber, CPA, PC identified a material weakness as defined in Public Company Accounting Oversight Board Standard No. 2 in our internal control over financial reporting
-------------------- Please do your DD. Break some bread with me! Posts: 1138 | From: atlanta | Registered: Apr 2006
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posted
This stock has bad days over the past weeks,..... The PR is not really too great, BUT the spread is very thin at this point kinda strange,.... maybe these s*ckers ( MMs ) are getting ready to let this thing run. Please keep your eyes on it.
-------------------- Please do your DD. Break some bread with me! Posts: 1138 | From: atlanta | Registered: Apr 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
benjamins and j_u_ice next time PLEASE pm me when you got something like this! an great move on friday. you say its low float have the numbers? all i can say wooow -- i'll be watching this one from the kitchen like a hawk!
posted
UBDE looking like a possible bounce at these levels? It was $1.00 late last month! Indicators showing upward movenment, with RSI way oversold!
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
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posted
looks like this will go further, remember it was 1.00 a month ago! gapper .10 x .11
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
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posted
The last 20 trades have been all buys so far, getting ready to move
-------------------- Insanity: doing the same thing over and over again and expecting different results Posts: 491 | Registered: Jun 2006
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posted
this stock has a 52w high of 5 bucks and now it is trading 20 cents...i think it will go up to a buck also this week
Posts: 1065 | From: switzerland | Registered: Mar 2005
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posted
up 120 percent now! this will perform better than fhal did imo...i also played fhal from 20 cents to 1 dollar...
Posts: 1065 | From: switzerland | Registered: Mar 2005
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posted
up 144 percent...Watch this in the next days guys... i think everyone is looking at fhal for a 10 bagger but i think this one will do it....
Posts: 1065 | From: switzerland | Registered: Mar 2005
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posted
I also got in FHAL at .30 something and rode it to $1!!
This is WAY oversold IMO. I think this should at least triple from these levels this week! This should be a great ride!
Posts: 159 | Registered: Jul 2006
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posted
yes most definitely, poped up on my scan over the weekend. RSI is way oversold!
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
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posted
WOW - I think I am going to have to pick up a few shares of this myself. It looks like it is wanting to return to it's previous levels. Does anyone have any information?
posted
Looking at their chart I can see it easily happening this week. Buys are going thru for some reason. Maybe they are expecting news. A lot of buying volume going through today. Looks good from where I'm setting.
-------------------- 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 shomethamoney: JUICE good to see you onboard man. I have missed out on a couple of good rides you had. What is your prediction for this one this week?
It's very nice to be on board I got in at .07 a few weeks ago thanks to BENJAMINS. I'm not big on predictions but I like the position we are in now.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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