Daniel Mckelvey/Forte Capital Mgt. received 210,000 dollars cash and 12.5mm warrants for raising the 2.1mm dollars.. As I have already posted, all of those warrants have been sold.. Some of the remaining warrants from that financing were also exercised but from what i have been able to determine roughly 600k remain which if exercised at .064 would leave another 9.2mm shares that could enter the market resulting in a substantial loss to that investor/s Now consider that another 1.2mm has raised over the last 2 years with the same terms when the stock was trading for pennies (2 year chart) while at the same time the same investor/s continued to purchase the common in the open market. IMO, If and when UVUM's new business model begins to show revenues, the stock will be again accumulated in the open market back to where the investor/s did the PP's at .064 and higher. Where does the SP go from there all depends on revenues and earnings. They won't be paying tax's. The 10k filed for year end 2008, reported an accumulated deficit of $79,544,838. However, the net operating loss carryforward for U.S. federal income tax purposes was $48,967,000 available for offset against future taxable income. If the company began to show revenues of say 1-3mm over the next year, I would expect to see a min of 15-30mm market capitation but depending on the growth rate of new business it could be much higher.. right now I estimate there's 120mm shares outstanding at let's sat a penny.. that only a 1.2mm market cap. I'm looking for a 10x-30x roi..
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