The numbers don't lie: 24 years ago this was a real, money-making business, and today it is buried under $18 million in debt with an empty bank account. It is the definition of a zombie company.
Over $35 Million in Accumulated Losses, Retained Earnings (loss): ($35,334,423)
Payroll liabilities: $15,790,584; This is perhaps the most shocking line item on the entire sheet. UNVC owes nearly $15.8 million in back wages or payroll taxes.
Cash and cash equivalents: $0; For a publicly-traded company to have zero dollars in cash or cash equivalents is mind-boggling. UNVC has absolutely no money in the bank to run a business, pay bills, or buy inventory.
Total Assets: $32,098
Total Liabilities: $18,033,754
Total Shareholders' Deficit: ($18,001,656)
The company owes over $18 million, but only has $32,032 in total assets (mostly just a tiny bit of accounts receivable and some aging equipment).
19-year Forfeited MD Branch
19-20 year old active judgements.
Disclaimer; Not advice to buy or sale....
https://www.otcmarkets.com/file/company/finan...34/content
PL
Over $35 Million in Accumulated Losses, Retained Earnings (loss): ($35,334,423)
Payroll liabilities: $15,790,584; This is perhaps the most shocking line item on the entire sheet. UNVC owes nearly $15.8 million in back wages or payroll taxes.
Cash and cash equivalents: $0; For a publicly-traded company to have zero dollars in cash or cash equivalents is mind-boggling. UNVC has absolutely no money in the bank to run a business, pay bills, or buy inventory.
Total Assets: $32,098
Total Liabilities: $18,033,754
Total Shareholders' Deficit: ($18,001,656)
The company owes over $18 million, but only has $32,032 in total assets (mostly just a tiny bit of accounts receivable and some aging equipment).
19-year Forfeited MD Branch
19-20 year old active judgements.
Disclaimer; Not advice to buy or sale....
https://www.otcmarkets.com/file/company/finan...34/content
PL
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