Replies to post #12022 on Universal Detection Technology (fka UNDT)

[flaflyersfan]

no_brag_just_fact, no mystery anymore;

Cash position changed by $20. UNDT sold $2,305 worth of detection equipment from January 1- March 31. The Press Releases started on March 16th.

UNDT exploited a natural disaster in order to help sell 1.4 Billion shares of stock;

GOING CONCERN   As of March 31, 2011, the Company had a working capital deficit of $4,577,139 and an accumulated deficit of $46,137,954. The Company incurred a net loss of $704,400 for the three month period ended March 31, 2011.  These conditions raise substantial doubt about its ability to continue as a going concern.  Its ability to continue as a going concern is dependent upon its ability to develop additional sources of capital and ultimately achieve profitable operations.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.  The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.   During the first three months of 2011, the Company sold detection kits under various purchase agreements and had consulting revenue for $2,305. The Company also entered into various agreements to issue 1,437,180,095 shares of its common stock to third parties in order to convert outstanding debt to the respective parties.  The fair market value of the stock on the date of agreement was $702,255.  The value of the stock issued in consideration for the debt conversion was $671,475.  The value of the stock to be issued in consideration for the debt conversion was $30,780.

They are not selling radiation detection equipment in Japan. Lots of Press Releases as in the past that result in little or no sales. Posted years ago that anyone who read UDET/ UDTT/ UNDT's SEC filings first would never buy this stock.

Does UNDT have contracts and pre-orders lined up? No, more of the same;

NOTE 7 - SUBSEQUENT EVENTS   During April 2011, the Company entered in various agreements to covert outstanding debt to 339,811,320 shares of common stock valued at approximately $373,792.   During May 2011, the Company issued an aggregate of 43,750,000 shares of common stock to employees for services rendered valued at approximately $30,625.   During May 2011, the Company issued 89,542,482 shares of its common stock as payment of professional fees for an aggregate price of $71,634.   During April and May 2011, the Company borrowed an aggregate of  $100,643 in principal with not interest due and repaid $42,800 in principal payments to its president and CEO.

Good luck.