doinit, If there are over 500,000,000 shares outstanding and the the authorized share count is 600,000,0000 it appears that a reverse split is right around the corner.\
That could be a good thing, but only if The ONE Employee of UNDR turns this Company around.
Let's do a Fact Check Dustybutler1, It appears that UNDR has sold over 500,000,000 million shares of this stock.What do they have to show for it??? They lost the one salvage vessel that they owned. I'm willing to bet there is no diving equipment as a company asset. Does UNDR have any assets?? What does UNDR have except one employee ( according to the 2010 financial ) eating up all the investors money.
I've said it before. I am not a stock guy, although I am sure there are some stock experts on this board.
I would suggest that UNDR do a 10/1 R/S. To give the company working capitol. Get a salvage boat, get divers and get a permitted site and make this Dog Hunt. Everyone would benefit.
If Herbert doesn't want to get onto the water, then may be if there are enough shareholders to take control of 51% of the company. Make it work that way. Why should UNDR be stagnant ???
This is a treasure hunting company. Right now it only has 1 employee according to the financials filed with the SEC. It doesn't take a Brian Surgeon to see that Treasure isn't going to be found with one employee. Herbert, don't get mad, get to work. You have a Golden opportunity to turn this in to a real treasure salvage company. Instead of making $120K a year you could double your salary if UNDR is productive.
If the stock holders of UNDR want to make this work, I can give you the sites and the people with boats and equipment. If Herbert doesn't want to get a permit and make this work. I'll still offer this to anyone with a public company that is willing to make this work.
Just my personal opinion
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