UNICO INCORPORATED (AZ) (fka UNCO)

[GOLDENBOLLOX]

Convertable Debentures - My Thoughts.

There has been a lot of negative comments about the private funding that Unico have obtained and I thought that it would be an idea to put a few of thoughts into a post, if anybody would like to add to this please feel free to do so.

I analyzed the convertables from the lenders point of view and the investors point of view.

Lenders

1) To advance $1.2 million unsecured (or secured by converting to shares) shows a great faith by the lender in the management and operation of Unico.

2) The interest rate of 8% is fair and seems low considering the loans were unsecured.

3) Conversion price, when you think about it converting at 50% of the market price makes a lot of sense since the issueing of the shares would bring the price down by itself.

Investors

1) Although short term you may be frustrated by the convertables you should be assured that a finance house has advanced these large sums unsecured.

2) I think that issueing the shares to cover the loans was probably not the original plan.

3) The management of Unico are unencumbered by cash flow restraints and can achieve the goal of MASSIVE revenue flow quicker and more efficiently.

4) WHY WOULD THE SAME COMPANY THAT TOOK UNICO TO THE FLORIDA COURTS 6 MONTHS AGO KEEP LENDING THEM MONEY AFTER A SETTLEMENT HAD BEEN REACHED???