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Thursday, May 10, 2012 7:01:35 PM
Just got an email reply from IR:
RE: UNQT?
6:14 PM
Reply ?
David Donlin
Add to contacts
To 'xxxx xxxxxx'
Hello xxxxx.
1.It is not an IPO. The company is simply moving to higher tier exchange namely the QB.
2.There is no timetable at this time.
3.The company is not entertaining a reverse stock split at this time. They are focused on moving the company forward by implementing their business plan.
4.Not sure.
5.I am not licensed stockbroker therefore I can not give you advice on the stock or its stock price nor the direction it can go.
6.Union Equity Investments, a wholly owned subsidiary made the purchase. I believe some of your answer lies in the direct quote from UNQT CEO Charles Lance in the last paragraph of the press release.
Thank you for your interest in UNQT.
If I can be of any further assistance please don’t hesitate to contact me at 407-299-2377.
Sincerely,
David
David Donlin
Cervelle Group
1912-B Lee Road, Suite C-8
Orlando, FL 32810
Office: 407-299-2377
Cell: 407-405-8142
Email: dave@thecervellegroup.com
This communication, together with any attachments hereto or links contained herein, is for the sole use of the intended recipient(s) and may contain information that is confidential or legally protected. If you are not the intended recipient, you are hereby notified that any review, disclosure, copying, dissemination, distribution or use of this communication is STRICTLY PROHIBITED. If you have received this communication in error, please notify the sender immediately by return e-mail message and delete the original and all copies of the communication, along with any attachments hereto or links herein, from your system.
-----Original Message-----
From: xxxxx xxxxxx [mailto:xxxxxxx@xxxxxxxxxx.xx]
Sent: Thursday, May 10, 2012 5:12 PM
To: info@thecervellegroup.com
Subject: UNQT
Hi David,
I have a couple of questions regarding Union Equity.
1. The company filled a form S-1 registration statement of initial public offering. They announced that the previously issued shares as well as the registration of additional shares are intended to be sold as IPO. They also announed that the registration statement would automatically result in the upgrading of the tier, which the company's shares of common stock are traded, from it's current tier to OTC pink sheets, to OTCQB.
Questions: 1. How can existing public company do an IPO? How will that affect the previously issued shares being sold during Initial Public Offering
2. When does the company expect the upgrading to OTCQB markets to be completed?
3. Isn't the minimum mandatory stock price for OTCBB and OTCQB listings $0.10/share? How does the company intend to bring the stock price from 0.0005 to 0.10 in such short period of time in order to complete the upgrading to OTCQB? Are they considering doing a reverse split of their common stock? If so, how would that be attractive during an initial public offering to new investors, reverse splits usually cause a tremendous drop in stock price.
4. Will the company release details about 1st quarter earnings by May 15, 2012?
5. They way the stock is trading right now, it would seem that the stock is trading way beyond it's float of 946,637,389 shares confirmed on May 01, 2012. How do you explain the present activity/volume with practically no increase in price/share?
6. The company released a PR today saying that they have acquired 100% of a private held company in exchange for restricted stock and cash. What does lease trucking buisness have to do with skin care, personal care, hair, pet, babby and sunscreen products? How is the company going to manage something they know nothing about? I find it a little suspicious!
Awaiting to here back from your with all the answers to my questions.
Thanking you in advance,
xxxxx xxxxxx
Cell: 1-xxx-xxx-xxxx
RE: UNQT?
6:14 PM
Reply ?
David Donlin
Add to contacts
To 'xxxx xxxxxx'
Hello xxxxx.
1.It is not an IPO. The company is simply moving to higher tier exchange namely the QB.
2.There is no timetable at this time.
3.The company is not entertaining a reverse stock split at this time. They are focused on moving the company forward by implementing their business plan.
4.Not sure.
5.I am not licensed stockbroker therefore I can not give you advice on the stock or its stock price nor the direction it can go.
6.Union Equity Investments, a wholly owned subsidiary made the purchase. I believe some of your answer lies in the direct quote from UNQT CEO Charles Lance in the last paragraph of the press release.
Thank you for your interest in UNQT.
If I can be of any further assistance please don’t hesitate to contact me at 407-299-2377.
Sincerely,
David
David Donlin
Cervelle Group
1912-B Lee Road, Suite C-8
Orlando, FL 32810
Office: 407-299-2377
Cell: 407-405-8142
Email: dave@thecervellegroup.com
This communication, together with any attachments hereto or links contained herein, is for the sole use of the intended recipient(s) and may contain information that is confidential or legally protected. If you are not the intended recipient, you are hereby notified that any review, disclosure, copying, dissemination, distribution or use of this communication is STRICTLY PROHIBITED. If you have received this communication in error, please notify the sender immediately by return e-mail message and delete the original and all copies of the communication, along with any attachments hereto or links herein, from your system.
-----Original Message-----
From: xxxxx xxxxxx [mailto:xxxxxxx@xxxxxxxxxx.xx]
Sent: Thursday, May 10, 2012 5:12 PM
To: info@thecervellegroup.com
Subject: UNQT
Hi David,
I have a couple of questions regarding Union Equity.
1. The company filled a form S-1 registration statement of initial public offering. They announced that the previously issued shares as well as the registration of additional shares are intended to be sold as IPO. They also announed that the registration statement would automatically result in the upgrading of the tier, which the company's shares of common stock are traded, from it's current tier to OTC pink sheets, to OTCQB.
Questions: 1. How can existing public company do an IPO? How will that affect the previously issued shares being sold during Initial Public Offering
2. When does the company expect the upgrading to OTCQB markets to be completed?
3. Isn't the minimum mandatory stock price for OTCBB and OTCQB listings $0.10/share? How does the company intend to bring the stock price from 0.0005 to 0.10 in such short period of time in order to complete the upgrading to OTCQB? Are they considering doing a reverse split of their common stock? If so, how would that be attractive during an initial public offering to new investors, reverse splits usually cause a tremendous drop in stock price.
4. Will the company release details about 1st quarter earnings by May 15, 2012?
5. They way the stock is trading right now, it would seem that the stock is trading way beyond it's float of 946,637,389 shares confirmed on May 01, 2012. How do you explain the present activity/volume with practically no increase in price/share?
6. The company released a PR today saying that they have acquired 100% of a private held company in exchange for restricted stock and cash. What does lease trucking buisness have to do with skin care, personal care, hair, pet, babby and sunscreen products? How is the company going to manage something they know nothing about? I find it a little suspicious!
Awaiting to here back from your with all the answers to my questions.
Thanking you in advance,
xxxxx xxxxxx
Cell: 1-xxx-xxx-xxxx
