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In their defense they are in a competitve market. They have done marketing but up until now there has not been a great need. This may change. Also if there was a loan for 51,000 hopefully he sees a potential that has not been demonstrated. I just wish they would let us know the value of the contracts and the amount sold. The nondisclosure makes them look bad.
He makes me proud to be from New Jersey. As I have stated ESPH should rocket when news hits of a contract. This stock is grossly undervalued. The need for natural gas is the driving force. To get a better picture look at Naturalgas.com
Once again thanks for your studied approach. I was thinking of selling esph and buying other stock. I agree the safe bet is don't sink your think into deep any stock. However I sold adzr which is nothing right now for 20 cents it went up over 13 times within 3 months. I sold new market tech and it went up over 5 times within the 5 months I sold it. Remember the words of Thomas Edison, you can put all your eggs in one basket just make sure you watch that basket. Thanks again.
First thank you for your evaluations.I would like to ask you if the July August time frame is a possible upswing period for esph stock. I believe it could go before then. The reason: the issue of foreign oil and dependence. Plus the envoirmental issuses re chemical fracking. What are your thoughts. I realize no one has the answers but this company is making money and has the potential.
I think we should see contracts before that. Clearly until the machines are delievered contracting may have to take a back seat. However, when you look at the patents, the risk of foriegn oil, and the need for chemical free process for fracking all signs indicate a clear winner.Plus the fact the process can be used to clean water. Remember Jordan and Phillips had the contract with the Katrina contract what about clean water now in Louisana? I feel this company is on the right tract. Yes there may be greedy corporate officers what else is new.
I agree. However, undt would be higher if they would tell the value of a contract they have.
Well said I just think undt just went down to the point a reverse split may help.
Lets face I am a wimp. But I do believe this product could make undt stock soar.
I certainly hope you are right but why did this stock Toby not go higher with the news.
No numbers so far no increase in price. I feel some investors may feel they made sales but not to any appriciable degree. Lets hope the price goes high.
He should be fired.
Thank you for your encouragement.
I have over 8000 dollars invested and am at a lost. I am relieved undt did ship products. However, I would still like to see what the contract is!!! Plus I have lost a subtantial portion of my investment. However I am not going to pump like some have done. The facts. We have the shipments now wheres the money.
I am afraid you are right. This is a tax loss up until now. The Japan crisis has been going on for months and not one sale or item delievered that I can see.
There is a theory that the news takes time to penetrate the market. This company has a 44 mil contract. Why is it not higher should be the question.
Secondly the Louisana Flood may have renewed interests. The reason, Jordan and Phillips had the last contract to clean up after Katrina. You thoughts or comments please.
All I know if you are making 300,000 dollars a year do you think paying taxes for the very firm you are thriving off of is a great idea. Yes. This may show very poor decision making at a time were your investors could benefit. Thanks for the comment.
Go to the California Secretary of States cite. That is where I copied from. You could also call the Franchise Tax Board from the state of california. Thanks for comment.
You may be right. Even if their were orders I just hope the suspension did not interfere. But I do not see how it would not interfere. This makes me sick.
Please find the following on the California Secretary of State:
Business Search - Results
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Data is updated weekly and is current as of Friday, May 13, 2011. It is not a complete or certified record of the entity.
•Select an entity name below to view additional information. Results are listed alphabetically in ascending order by entity name.
•For information on checking or reserving a name, refer to Name Availability.
•For information on ordering certificates, copies of documents and/or status reports or to request a more extensive search, refer to Information Requests.
•For help with searching an entity name, refer to Search Tips.
•For descriptions of the various fields and status types, refer to Field Descriptions and Status Definitions.
Results of search for " UNIVERSAL DETECTION TECHNOLOGY " returned 1 entity record.
Entity Number Date Filed Status Entity Name Agent for Service of Process
C0641783 12/24/1971 ACTIVE UNIVERSAL DETECTION TECHNOLOGY JACQUES TIZABI
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I called and he said nothing. Please look at Secretary of State for California. You will see Universal Detection on the active lists. It was updated May 13,2011.
I looked at the department of secratary of state for California and UNDT is listed as active. That is good news and was updated May 13, 2011. However, I still want to know if the detectors have been shipped.
Yes they should lower their pay check at least to pay the company's taxess!!!
This is very upsetting and may explain why we do not have the orders shipped. I cannot believe in a crisis such as this undt had their corporate right suspended. Please anyone comment.
In a filing around or on April 15 2011 by undt the following is to be noted:
THE SECRETARY OF STATE OF CALIFORNIA HAS ASSIGNED A "SUSPENDED" STATUS TO OUR CORPORATE ENTITY WHICH MAKES US VULNERABLE TO CHALLENGE AND UNABLE TO TAKE ACTIONS THAT CORPORATIONS IN GOOD STANDING MAY TAKE
Due to a failure to timely file certain state and franchise tax returns in the State of California, the Secretary of State of California has suspended our corporate status. We have since made all filings required by the Franchise Tax Board in the State of California, together with all fees, taxes and penalties due. We fully expect the status of the corporation to be restored to "active" and for the Company to be in good standing in the State of California. Until restored we have limited abilities to function as a corporation under the laws of the State of California and we are vulnerable to suit and challenge of our activities since our suspended status became effective. We if are unable to promptly restore our good standing, our operations will be adversely affected, which would be detrimental to our shareholders.
WE HAVE A HISTORY OF LOSSES AND WE DO NOT ANTICIPATE THAT WE WILL BE PROFITABLE IN FISCAL 2011.
We do not anticipate generating significant sales. We have not been profitable in the past years and had an accumulated deficit of approximately $45.4million at December 31, 2010. We have had little revenues from sales of our products since the beginning of fiscal 2002, the commencement of our entry in the counter terrorism market. During the fiscal years ended December 31, 2010 and 2009, we had losses of
Thanks but they filed a statement on May13th 2011 they would be late. Once again does anyone know if they were suspended by the California Franchise Tax Board??? I called today but the line was busy. Thanks for post.
I agree but I do feel we will get the sales information shortly. If we do not hear anything and 30 days goes by then I feel there is reason for REAL CONCERN.
I have lost over 5000 and I agree if this firm can not make money now via 1 sale forget it. Great posts.
I might just have to call the Franchise tax Board myself. Thanks for the insight.
Reality should never scare anyone. People on a board should be able to express their views. I cannot help it if UNDT if it is true did get suspended in the height of Nuclear Crisis. I feel all views should be posted. I just feel that this is crisis they should capitalize on. I called undt yesterday and asked was it true they had confirmed orders. The "kid" who answered the phone told me what ever is published is true. Then where are the shipment dates. I feel if there is any problem it could be acquiring the detectors from the manufacturers and delays or did the suspension cause a problem at a crucial time. I appreciate your comment but as an investor these are legitmate questions. All ideas should be expressed except those who are pumping or trying to deflate the stock for their own purposes.
Agree. However, I believe they do have orders. The question is what is the amount.
Thanks for the information.
With over three billion shares outstanding what is the chance of this hitting a penny??
I was just wondering because we are at May 18,2011 still no news. However I believe we are gonna being alright. Thanks for the comment.
Thanks for the reply I was just wondering based on a post if this occurred. Thanks for the quick reply.
When were they suspended if ever?
I found the following by a los Angeles Attorney:I hope this did not create a problem with orders. I thought I read something on the message board about undt being suspended for non payment of taxes. Please correct me if I am wrong.
Whichever agency suspends a corporation will mail the corporation a suspension notice, at which time the corporation is thereafter disqualified from exercising its corporate powers, rights and privileges. In other words, the corporation cannot legally operate.
Until the corporation corrects its suspended status the corporation will be unable to transact any business, answer a lawsuit filed against it, initiate litigation, or protect and preserve its name. Any contract executed by a suspended corporation is voidable at the demand of the other party. And, any person who attempts or purports to use any of its corporate privileges is subject to fines and/or imprisonment. The only exceptions to the loss of corporate privileges upon suspension are that the corporation may (1) change its name by amendment to its articles of incorporation, and (2) apply to the FTB for tax-exempt status. Nevertheless, all suspended corporations are still required to pay all the applicable taxes and to file tax returns (even if no money is earned).
The FTB will issue a delinquent penalty for failure to file a timely tax return of 5% per month up to a maximum of 25%. Interest begins on the original due date of the return. The FTB will issue a demand penalty when a corporation fails or refuses to furnish information requested by the FTB or fails to file a tax return after written notice and demand. In either case, the demand penalty is 25% of the FTB's assessment of what is owed or 25% of the tax shown on the return when filed before any refundable credits and payments from the original notice to the date full payment is received.
I do believe we will get real news. One of the problems is the lack of good pr we get from undt. When I call I am told to read the filings. However,I do believe the sales will make us happy. Yes undt has been a grave disappointment up until now. But I do believe they have one last great run. Remember if they had the corporate status suspended that could account for the delay. I just hope it did not kill the existing sales they had. I do not believe so that is my gut. I have no facts to back it up.
I do not have to sell and you are right about the world's problems. Remember undt can sell all over the world. I did feel we would hear news this week.If not shortly. I also feel they undt are trying to sell the survey detectors for food.
I feel they have occurred and the problem maybe the need for more production of detectors. I do not believe undt excutives lied about the sales.
I agree. The US is already worried about revenge. Pakistan is still a powder keg, and the Palestinians had a major demonstration. We are losing this terrorists war. To protect ourselves we need the best detection equipment. Undt has a wide range and proven Tech. Undt with one great sale will explode.