is this "pay-dirt"?, page-5

Hi Bill Gates,
I note from your old posts in 2007 that you have spent a lonely time here, all by yourself, over the last 18mths. In that time I have followed UCM very closely and my guess is that the obvious we have waited so long for is about to happen. I must admit I expected things to move forward more quickly than they have. But I do have to hand it to the management - they have just kept strengthening their science and encouraged world wide research into the possibilities of their technology.

This stock has moved up since the announcements in Dec 2008.
By my calculations it has moved from 25c to 70c on the sale of only 150,000 or so shares, but this is to be expected when the top 20 shareholders own around 85% of the shares and the small shareholders I know are not interested in selling at current prices.

I checked back on the 2008 annual report. If UCM double their sales this year over last year - which I suspect is highly likely - then they are into profit. They have no debt to service, or pay back, so from then on it is building up money to return to shareholders.

As best as I can calculate from their annual report a sale of 100 units per annum will return a profit before Tax of around $1 million. This equates to 2.5c per share With their pre-eminent world position technically and the world as their market - this would not seem a very big ask.

Do you know anything about Space Labs? - the crowd they have appointed to do their sales drive. I have checked out the SpaceLabs website and read their annual report, however I have no real idea of their standing in the medical equipment sales area.