Signal-Red-UNVC: Critical Due Diligence – Summary of Material Risks & Omissions
To all shareholders and potential investors, it is essential to look past the press releases and evaluate the publicly available filings and legal records. Below is a factual summary of the structural and financial risks currently facing Univec Inc. (UNVC).
1.) The UNIVEC INC BRANCH (Entity F07298094) is currently listed as FORFEITED in the State of Maryland.
Legal Impact: Under Maryland Code (3-503, 3-515), a forfeited entity loses its right to conduct business or exercise corporate powers. It may only act to wind up its affairs.
Management continues to present the company as fully operational and compliant in OTC filings, despite this administrative standing.
2.)Several material legal items appear to have been omitted from company disclosures, particularly during the 2021 "catch-up" filing period:
Case CV-2019-008314 (Delaware County, PA): A dispute involving investor-facing representations by CEO David Dalton regarding a reverse merger concept linked to UNVC. This case appeared settled but never disclosed in OTC management certifications.
https://delcopublicaccess.co.delaware.pa.us/login
Public records indicate these [color=var(--text)]Monetary Judgments are [/color][color=var(--text)]unsatisfied judgments totaling over $300,000, including:[/color]
$88,830.14 (United States, 2009)
$82,503.08 (Nubenco Enterprises, 2005)
$129,293.30 (Additional documented judgment)
These judgments are subject to garnishment with some Writ of Garnishment issued and represent an immediate claim on any corporate cash.
3.)A review of Note 6 in the recent 2025 filings reveals a distressed financial profile:
M&T Bank Loan: An outstanding balance of $169,203 is noted, yet the company states "documentation is still being obtained."
The company carries over $15.5M in unpaid payroll, primarily owed to insiders (CEO and Accountant), which acts as a massive priority claim ahead of common shareholders.
When combining known judgments, the M&T loan, and payroll, the company’s obligations exceed its reported $31,811 in assets by a factor of nearly 500:1.
https://www.otcmarkets.com/file/company/finan...65/content
4.) (April 30 Deadline) UNVC is at risk of being downgraded if it fails to rectify its filing status by April 30. This would severely restrict liquidity and the ability for retail investors to buy shares.
Given the Maryland forfeiture and undisclosed judgments, any attorney providing an "Opinion Letter" for the company faces significant regulatory risk. Without a valid letter, the ticker cannot maintain "Current Information" status.
5.)Despite public records confirming the existence of the Maryland branch (and its forfeiture), UNVC filings explicitly state: "At the time of this filing the Company has no subsidiaries, parents, or affiliated companies." This creates a factual contradiction between state records and SEC/OTC disclosures.
Bottom Line: The financial data indicates a Technical Insolvency (Liabilities of $17.7M vs Assets of $31k). Investors should verify these records independently via the Maryland State Business Registry and the Delaware County Court Public Access portal.
Transparency is the foundation of a fair market; without it, the risk of total capital loss is significantly elevated.
Disclaimer--[color=var(--text)]This is for informational purposes only and should not be considered financial advice. I am not a licensed financial advisor. Do your own research.[/color]
PL
To all shareholders and potential investors, it is essential to look past the press releases and evaluate the publicly available filings and legal records. Below is a factual summary of the structural and financial risks currently facing Univec Inc. (UNVC).
1.) The UNIVEC INC BRANCH (Entity F07298094) is currently listed as FORFEITED in the State of Maryland.
Legal Impact: Under Maryland Code (3-503, 3-515), a forfeited entity loses its right to conduct business or exercise corporate powers. It may only act to wind up its affairs.
Management continues to present the company as fully operational and compliant in OTC filings, despite this administrative standing.
2.)Several material legal items appear to have been omitted from company disclosures, particularly during the 2021 "catch-up" filing period:
Case CV-2019-008314 (Delaware County, PA): A dispute involving investor-facing representations by CEO David Dalton regarding a reverse merger concept linked to UNVC. This case appeared settled but never disclosed in OTC management certifications.
https://delcopublicaccess.co.delaware.pa.us/login
Public records indicate these [color=var(--text)]Monetary Judgments are [/color][color=var(--text)]unsatisfied judgments totaling over $300,000, including:[/color]
$88,830.14 (United States, 2009)
$82,503.08 (Nubenco Enterprises, 2005)
$129,293.30 (Additional documented judgment)
These judgments are subject to garnishment with some Writ of Garnishment issued and represent an immediate claim on any corporate cash.
3.)A review of Note 6 in the recent 2025 filings reveals a distressed financial profile:
M&T Bank Loan: An outstanding balance of $169,203 is noted, yet the company states "documentation is still being obtained."
The company carries over $15.5M in unpaid payroll, primarily owed to insiders (CEO and Accountant), which acts as a massive priority claim ahead of common shareholders.
When combining known judgments, the M&T loan, and payroll, the company’s obligations exceed its reported $31,811 in assets by a factor of nearly 500:1.
https://www.otcmarkets.com/file/company/finan...65/content
4.) (April 30 Deadline) UNVC is at risk of being downgraded if it fails to rectify its filing status by April 30. This would severely restrict liquidity and the ability for retail investors to buy shares.
Given the Maryland forfeiture and undisclosed judgments, any attorney providing an "Opinion Letter" for the company faces significant regulatory risk. Without a valid letter, the ticker cannot maintain "Current Information" status.
5.)Despite public records confirming the existence of the Maryland branch (and its forfeiture), UNVC filings explicitly state: "At the time of this filing the Company has no subsidiaries, parents, or affiliated companies." This creates a factual contradiction between state records and SEC/OTC disclosures.
Bottom Line: The financial data indicates a Technical Insolvency (Liabilities of $17.7M vs Assets of $31k). Investors should verify these records independently via the Maryland State Business Registry and the Delaware County Court Public Access portal.
Transparency is the foundation of a fair market; without it, the risk of total capital loss is significantly elevated.
Disclaimer--[color=var(--text)]This is for informational purposes only and should not be considered financial advice. I am not a licensed financial advisor. Do your own research.[/color]
PL
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