UnifiedOnline Inc fka UOIP

[Sazo233]

As a current holder, I'll agree, as any other investor would, that the merger SHOULD have been completed by now. After all, we are in here to make profits and a speedy turnaround maximizes our ability to do so.

With that in mind, its absolutely natural to observe the current sour/negative market sentiment hanging over the stock ever since the second deadline passed. Even one glance at our board is enough to see this, let alone the pps action.

So what do we have here? A bunch of impatient investors, who got their money tied up for longer than they expected, blaming the management for incompetence, deceit, for botching the deal, and some even threaten 'lawsuits' and A.G. complaints (all of which are groundless and are posted here for purpose of creating a dramatic effect and by no means is anybody ever going to act upon them) ?!?!

Not to be disappointed, we should revisit the merger process.
Merger was announced March 7, 2011. But realize that on March 8 the Agreement was already filed with SEC, meaning that the two companies have been in talks FOR MONTHS BEFORE. If we study the balance sheets, it appears that Iceweb started downsizing operations in preparation for this merger. Promark is a much bigger company and the "merging into a shell" comment i read here before does make sense. Last quarter, expenses and revenues were decreased to a minimum. And it appears that they are investing in Research and Development from all the latest additions to and optimization of their product offerings. They've positioned themselves to capitalize on industry growth by offering competitive products at competitive prices, competing with likes of Lefthand and 3par

MERGERS COULD TAKE YEARS to complete. The whole process is strenuous and time consuming.

Definitive Merger agreement states that USI is due $10mm in cash along with stock options/conversions for usi holders. This exchange requires financing.

From what I understand after talking to IR, the merger will consummate as soon as USI holders receive the $10mm payment, as all terms have already been agreed upon.

Declining stock price might play a role in the delay as well.

We also know that both CEO & CFO of Iceweb have millions of shares (about 20 million combined) of company stock.
So trust me, those two are much more worried than we are seeing lower pps, it is in their best interest as well as our to see minimal dilution and a higher price.

Also review insider transactions, insiders are not selling shares, instead holding and adding more...


SOME FACTS

Iceweb platforms are VMware Ready and are available on VMWare catalog

Iceweb has a partnership agreement with Google
and has since sold a few Geospatial platforms


Iceweb's customer list includes:
Government Agencies (Department of Defense, Department of State,Department of the Interior)
Business/Ennterprise Clients (BroadAspect, InfoRelay..)


Chart looks like we might be testing support at .13 soon, bid looked weak yesterday, but hen again chartsw weren't too helpfull lately. In either case, I have no problem averaging down here :)
JMHO
Patience just might pay off !! in a BIG way
GLTA