Check out this great ZEN post.
Posted by: zeninvestor32
In reply to: None Date:7/18/2004 10:41:40 AM
Post #of 80859
SOMEBODY CHECK ME ON THIS.
According to the March 31, 2004 UCAD 10Q filing, based on a 125-1 reverse split that was performed when they became UCAD from Barrington Foods, there were 5.46 million OS for UCAD. If they give us 7.5 million shares, we effectively own over 51% of UCAD.
30 days from trading beginning tomorrow puts us at August 19, one day before the dividend. If we trade over $3 for 30 days as UCAD, AMEX? If we trade over 30 days at over $5, Nasdaq? Reverse merger into UCAD since we already own it and we go public in 30 days?
Not sure how this works or what will happen, if any of the above, but someone check me on this .... we will own over 51% and a controlling interest in UCAD based on this????
