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its been like that off and on, i think they are drawing out selling on the uncertainty of the situation. Lately they have been biting away at the ask though and bid was strong friday.. the thing about the spread is there is more selling when they tighten it, when the spread gaps the selling halts and the resistance thins... buying starts up again. chart does look interesting.. merger play.. I wouldnt get greedy at these levels, but the vol and mm interest raises my eyes. been here since .0075.. it may bust thru .02 this week. nice clean shell, already undervalued if you ask me..
MIAMI BEACH, Fla., Feb 13, 2007 (*********wire via COMTEX) -- UniverCell Holdings, Inc. (OTCBB: UVCL) announced today that the company has ceased merger talks with Pure Romance. Sean Y. Fulda, CEO of UniverCell, commented, "We regret that the merger talks did not culminate in a successful reverse merger as we originally contemplated. Several issues arose over the past five months including the timing and costs of the merger, which caused the merger talks to cease between the two companies."
UniverCell will continue to seek a merger candidate or attempt to raise capital to fund new subsidiaries and operating companies. The advantage of raising capital and funding new subsidiaries and operating companies is that there will be less shareholder dilution than a reverse merger would affect. The company has several businesses and industries that it is currently exploring.
Statements about the UVCL's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements shall be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.
CONTACT: UniverCell Holdings, Inc. Sean Y. Fulda, CEO 786-276-7817 (C) Copyright 2007 *********wire, Inc. All rights reserved.SUBJECT CODE:
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Press Release Source: UniverCell Holdings, Inc.
UniverCell And Pure Romance Cease Merger Talks Tuesday February 13, 11:59 am ET
MIAMI BEACH, Fla., Feb. 13, 2007 (PRIME NEWSWIRE) -- UniverCell Holdings, Inc. (OTC BB:UVCL.OB - News) announced today that the company has ceased merger talks with Pure Romance.
ADVERTISEMENT click here Sean Y. Fulda, CEO of UniverCell, commented, ``We regret that the merger talks did not culminate in a successful reverse merger as we originally contemplated. Several issues arose over the past five months including the timing and costs of the merger, which caused the merger talks to cease between the two companies.''
UniverCell will continue to seek a merger candidate or attempt to raise capital to fund new subsidiaries and operating companies. The advantage of raising capital and funding new subsidiaries and operating companies is that there will be less shareholder dilution than a reverse merger would affect. The company has several businesses and industries that it is currently exploring.
Statements about the UVCL's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements shall be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.
Contact:
UniverCell Holdings, Inc. Sean Y. Fulda, CEO 786-276-7817
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