On Friday UNDT surged further up to $0.0026 for a share and then closed the trading session at $0.0017, or 10.53% lower than on Thursday. The number of traded shares could not beat the unseen in the stock’s entire trading history volume from Thursday, and on Friday UNDT traded 1.15 billion shares, which is still an unbelievable number when compared to the average turnover of about 123 million. Judging by that performance, it is to be assumed that UNDT finally made the big deal last week that could bring meaningful sales to the company and make its business profitable.
It is another question what was the contribution of the usual promoting newsletters that have hit the market last week. The latest of them have been sent at the end of last week and a third party has paid $45,000 for one week of adverting services.
The huge event that provided mostly for the action was the latest announcement from the company, which was as usual related to a major world crisis. UNDT said on Thursday that its radiation detection technologies will be marketed in Japan through an agreement with the US Department of Commerce’s Commercial Service.
According to the announcement, the company would be listed as a Featured US Exporter on Commercial Service’s Japanese website and the listing would include nuclear detection and monitoring devices, as well as contamination and clearance application. As already mentioned, however, UNDT is in an extremely weak cash position with only $2,000 in cash, a working capital deficit exceeding $4 million and minor sales of about $2,000 per quarter and showing no growth.
