Radar UDHI.OB early next week.
The CEO has made several recent insider purchases including a 3 million share market purchase at .007 cents during the tax loss selling period at the end of December. His purchase represented almost 5% of the 82 million outstanding. He now owns 33140200 shares or 40% of the outstanding share count.
When an investor asked about his recent purchases, Dr. Green, President and CEO of Union Dental, commented: “Why not? Our share price is currently trading at an extremely discounted price and I believe there will be a price correction soon.”
UDHI.OB makes dental coverage more affordable for U.S. union members. The company's network, which serves members of some of the country's largest labor unions (CWA, IBEW, UA, AFA-CWA) has ballooned to 1,800 providers and 15 million members in a relatively short period of time.
In November the company reported that they had achieved profitability generating revenues of 1,945,873 compared to 1,595,293 for the nine months ended September 30, 2006, an increase of 350,580 or 21.9 Percent.
Green commented: “We are committed to this performance level and should see a continuation of this kind of profitability for the near future. It is a desire to keep our stockholders happy with their investment that drives our daily efforts. We thank you all."
Once discovered the share price could quickly move upward. It is expected that the company will make a significant PR announcement on Wednesday or Thursday of this week. This will very likely be the catalyst that ignites a buying frenzy that could propel the share price from .007 to incredible highs.
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