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Same response I got. Not sure how many other brokers are doing the same thing, but looks like they got short on the RM announcement and are covering themselves......
Just called Scottrade... this stock is on their "restricted list" due to "suspicious trade activity" or "unusual volume". I tried to place an order through their broker but they will only do whole cents (.03 or .04) and not fractions of cents. Just an FYI.
Thanks clutchhitter, I got lucky for a change, LOL. Sure looks good for a change
Hey Weo1998...
Months ago, looked at UDTA per ur suggstn and now am happy--verrrryyy happy. Thanks...and I'll pull for ur Wolverines on Sat. Regards, Clutchhitter
This shares are way to cheap! If you go through all the filings you will find out. THis is definately worth the time to do some dd IMHO. I am holding strong and adding today.
By reading the articles posted on the Chinese Company's website, they seem to be excited about going to public and want to get the deal done as soon as possible..
If Scottrade has a huge short, they eventually have to cover once the merger goes through....Then, that will be the big squeeze....Shares are scarce and held by strong hands in this one.
Even without the squeeze, this thing should worths a lot more
Well, that only took one hour...........Scottrade no longer allowing on-line buys. Have to go through the broker, slowing down the trade activity...........
One of Chinese Company's Websites...I found several of their site for different places in China
http://www.huarenjituan.com/
O/S is about 17M
Assets from $250K to over $12M
Revenue for last year was $5M
DoubleD, those are very low numbers with a pennylander play. With your follow-up post showing the original guidelines of $2.5M/annum net revenue goal, and $700K minimum net income, that puts both the book value and eps at very attractive numbers, when compared to the current pps. IF this merger actually met those guidelines, minimum eps would be $0.04 with current pps of $0.012 - a great buy-in opportunity
Now take into mind two other facts from the merger. (1) More and more mainland Chinese firms are finding ways onto the US market, in an effort to gain both an entry pooint and access to capital funding, and (2)product is organic health foods, a big focal point in the US consumer market. Gree teas for weight loss, herbal remedies, organic/natural food supplements for health sustainment, etc will at the least create an initial interest.
Will be interesting to see what the new company puts out to help define itself, and its value/potential. In the meantime, I'm buying in at the Monday bell, with a wait and see position
UDTA is gonna look great ...
Out of their 10 QSB
'In the Management Agreement, the Managers agreed that they will
approve any corporate acquisition in which (a) the acquired company had
not less than $2.5 million in revenue and not less than $700,000 in net
pre-tax income in the year ended September 30, 2005, (b) the
shareholders of Ultradata at the time of the merger and the holders of
the Series C Preferred Stock will, on closing of the acquisition, own
not less than five percent of the equity in Ultradata, and (c) there are
no other material terms of the corporate acquisition that are
objectionable to the Managers.'
+
On the same date Ultradata and RW Data entered into a Management
Agreement with Monte Ross, Ernest Clarke and Mark Peterson (the
"Managers"), who were officers and members of Ultradata's Board of
Directors prior to June 30, 2006. All directors of Ultradata resigned,
and a designee of Warner Technology became the sole director. The
Managers agreed to the termination of their employment agreements with
Ultradata, and that they would instead assume responsibility for the
management of RW Data, Inc. The Managers undertake to use their best
efforts to effect a sale of the assets of RW Data during 2006.
OS is 17,548,665 shares as of 11/06/2006 (10-Q). No any single share dilution since the last quarter (the same OS with the previous 10-Q).
Looks like one to take a chance on at Monday's opening, with an excellent entry price........
Alerts on Profiled Shells Stocks are not intended as an indicator to purchase/sell the stock. They are intended to inform users that a Shell Stock has issued a public announcement of an attempted/completed reverse merger.
REVERSE MERGER: Our Profile List stock Ultradata Systems, Inc., (OTCBB: UDTA 0.012 x 0.015) issued a Press Release announcing that it has entered into a Share Exchange Agreement with China Organic Health Products, Inc. ("COHP"), and Jilin Huaren Organic Health Products Co., Ltd ("Huaren"), a corporation organized in the People's Republic of China. China Organic Health Products, Inc., through its 100%-owned subsidiary, Jilin Huaren Organic Health Products Co., Ltd, is engaged in the research and development, production, and sales of organic foods and healthcare products. Jilin Huaren obtained its organic farming certificate and organic food label from the Organic Food Development Center (OFDC) of China in 2004. It markets its products through a network of 90 distributors and 140 specialty stores that provide logistical support and training to salons, supermarkets, and retail outlets.
PR Share Exchange
Ultradata Systems Signs Share Exchange
11/10/2006 16:08
NEW YORK, NY -- (MARKET WIRE) -- 11/10/06 -- Ultradata Systems, Inc. ("Ultradata") (OTCBB: UDTA) announced that it has entered into a Share Exchange Agreement with China Organic Health Products, Inc. ("COHP"), a Delaware corporation, the shareholders of COHP, and Jilin Huaren Organic Health Products Co., Ltd ("Huaren"), a corporation organized in the People's Republic of China.
Closing of the share exchange is subject to several conditions. The Agreement provides for the acquisition by Ultradata of 100% of the issued and outstanding capital stock of COHP from the COHP shareholders, which would make COHP a wholly owned subsidiary of Ultradata, in exchange for the issuance of Ultradata common stock and shares of Ultradata's Series D Convertible Preferred Stock. After the transaction, the COHP shareholders would own 85% of Ultradata's equity.
China Organic Health Products, Inc., through its 100%-owned subsidiary, Jilin Huaren Organic Health Products Co., Ltd, is engaged in the research and development, production, and sales of organic foods and healthcare products. Jilin Huaren obtained its organic farming certificate and organic food label from the Organic Food Development Center (OFDC) of China in 2004. It markets its products through a network of 90 distributors and 140 specialty stores that provide logistical support and training to salons, supermarkets, and retail outlets.
Ultradata Systems, Inc. develops, manufactures, and markets hand-held travel information computers and information systems used for locating destinations and trip planning.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Contact:
Peter D. Zhou
212-232-0120
PR Share Exchange
Ultradata Systems Signs Share Exchange
11/10/2006 16:08
NEW YORK, NY -- (MARKET WIRE) -- 11/10/06 -- Ultradata Systems, Inc. ("Ultradata") (OTCBB: UDTA) announced that it has entered into a Share Exchange Agreement with China Organic Health Products, Inc. ("COHP"), a Delaware corporation, the shareholders of COHP, and Jilin Huaren Organic Health Products Co., Ltd ("Huaren"), a corporation organized in the People's Republic of China.
Closing of the share exchange is subject to several conditions. The Agreement provides for the acquisition by Ultradata of 100% of the issued and outstanding capital stock of COHP from the COHP shareholders, which would make COHP a wholly owned subsidiary of Ultradata, in exchange for the issuance of Ultradata common stock and shares of Ultradata's Series D Convertible Preferred Stock. After the transaction, the COHP shareholders would own 85% of Ultradata's equity.
China Organic Health Products, Inc., through its 100%-owned subsidiary, Jilin Huaren Organic Health Products Co., Ltd, is engaged in the research and development, production, and sales of organic foods and healthcare products. Jilin Huaren obtained its organic farming certificate and organic food label from the Organic Food Development Center (OFDC) of China in 2004. It markets its products through a network of 90 distributors and 140 specialty stores that provide logistical support and training to salons, supermarkets, and retail outlets.
Ultradata Systems, Inc. develops, manufactures, and markets hand-held travel information computers and information systems used for locating destinations and trip planning.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Contact:
Peter D. Zhou
212-232-0120
Dear Stockholder:
We entered into agreements on June 1 to proceed with a sale/acquisition
process as described in our filings on that subject (see our website,
www.ultradatasystems.com for press releases relating to those
agreements). We are proceeding with that plan, which is complicated and
takes time to implement. I would be remiss to guess as to when the plan
will come to fruition, but we are certainly working to move the process
forward with all deliberate speed.
Thank you for your interest in Ultradata Systems, Inc.
Sincerely,
Ernest S. Clarke, Formerly President
-----Original Message-----
From: dda
Sent: Monday, October 23, 2006 4:02 PM
To: Ernie Clarke
Subject: UDTA
Dear,
I'm an European shareholder in your company. Lately, I've seen that
there's not a lot of news coming from the company. Can we expect the
coming weeks some news if the company has/is acquiring another company ?
Kind regards,
dda
a sign of life - thx LOL
doublediamond, yep still own my shares waiting for their announcement.
Time will tell if this was a good idea or not LOL
Thanks for the info.
Thx looked at it and ...
1. Results :
As a result of the foregoing, the Company realized a net income of
$562,323, or $0.04 per basic and diluted common share, for the three-month
period ended June 30, 2006, compared to a net loss of ($372,614), or
($0.06) per basic and diluted common share, for the three-month period
ended June 30, 2005. The Company realized a net income of $251,608, or
$0.02 per basic and diluted common share, for the six-month period ended
June 30, 2006, compared to a net loss of ($496,215), or ($0.08) per basic
and diluted common share, for the six-month period ended June 30, 2005.
2. Merger coming ?
In the Spring of 2006 Management determined that the Company was
unlikely to obtain the funding necessary to carry out its plans for
launching new products. Accordingly, in June 2006 we commenced an
initiative whose goal is to (a) acquire a new operating company and (b)
dispose of our current operations. Towards that end we sold a controlling
interest in Ultradata to Warner Technology, subject to a provision that
Warner Technology will lose its shares if Ultradata has not completed a
satisfactory acquisition by the end of 2006. We also transferred our
operating assets to a wholly-owned subsidiary, and entered into an
agreement with members of our Management that charges them with
responsibility for obtaining a buyer for those operations. To date no
transaction of the sort contemplated in the June 2006 activities has been
completed.
Besides that ... some posts from Raging Bull :
***
On August 11, 2006 John Leo resigned from his position as the sole
member of Ultradata's Board of Directors and as its Chief Executive Officer
and Chief Financial Officer. Prior to resigning, Mr. Leo elected Huakang
Zhou to serve on the Board of Directors. Mr. Zhou will also serve as Chief
Executive Officer and Chief Financial Officer.
Since 1993 Huakang Zhou has been employed as chairman of the board of
Warner Technology and Investment Corp. a New Jersey corporation that he
organized in 1993. Warner Technology provides international training and
market consulting services. Warner is licensed by the People's Republic of
China to serve as an official host for Chinese government officials and
business executives in the US. As part of the hosting process Warner also
provides training programs to assist visiting Chinese officials and
business executives with the transition to doing business in the US. These
services include market and product analysis, assistance with product
distribution and distribution agreements, joint ventures, and introductions
to strategic partners.
Mr. Zhou holds a Ph.D. degree in Operations Research that was awarded in
1989 by the Polytechnic University of New York.
****
Other post :
Hopefully this stock will be the next dpfd.
That one went up 10x in about 2 days time,
when a China deal was announced.
James
****
Post on John C Leo :
JOHN C. LEO. Mr. Leo is the founder of American Union Securities, Inc., and has served as its President since 2004. American Union Securities is a full service investment banking firm registered with the Securities and Exchange Commission and the National Association of Securities Dealers. American Union Securities works with both domestic and foreign issuers, with a specific expertise in identifying private companies in China that have the potential to be successful public companies in the United States. From 2001 through 2003, prior to organizing American Union Securities, Mr. Leo was the founder and managing member of Venture Capital Partners, LLC, a private merchant banking and consulting firm. From 1996 through 2001, Mr. Leo was employed as a registered principal and OTC market maker with AM Capital and MH Meyerson. Mr. Leo became a registered representative in 1987 and during his career has focused on raising capital for IPOs and reverse merger transactions. Mr. Leo maintains the following NASD registrations: Series 7, 63, 55 and 24. Mr. Leo also serves on the board of the following public companies:
China Industrial Waste Management, China International Enterprises Inc., DK Investors, and Central American Equities Corp. Mr. Leo is 41 years old.
Mr. Leo is now the sole director of UDTA
Look for a merger with a Chinese Company
IMO due your own due diligence
LOL
Ceo
Yes, it's strange. It went up at 2 cents w/o news, Maybe it could be the earning from 10Q-q2.
From Raging Bull :
On August 11, 2006 John Leo resigned from his position as the sole
member of Ultradata's Board of Directors and as its Chief Executive Officer
and Chief Financial Officer. Prior to resigning, Mr. Leo elected Huakang
Zhou to serve on the Board of Directors. Mr. Zhou will also serve as Chief
Executive Officer and Chief Financial Officer.
Since 1993 Huakang Zhou has been employed as chairman of the board of
Warner Technology and Investment Corp. a New Jersey corporation that he
organized in 1993. Warner Technology provides international training and
market consulting services. Warner is licensed by the People's Republic of
China to serve as an official host for Chinese government officials and
business executives in the US. As part of the hosting process Warner also
provides training programs to assist visiting Chinese officials and
business executives with the transition to doing business in the US. These
services include market and product analysis, assistance with product
distribution and distribution agreements, joint ventures, and introductions
to strategic partners.
Mr. Zhou holds a Ph.D. degree in Operations Research that was awarded in
1989 by the Polytechnic University of New York.
Other post :
Hopefully this stock will be the next dpfd.
That one went up 10x in about 2 days time,
when a China deal was announced.
James
Post on John C Leo :
JOHN C. LEO. Mr. Leo is the founder of American Union Securities, Inc., and has served as its President since 2004. American Union Securities is a full service investment banking firm registered with the Securities and Exchange Commission and the National Association of Securities Dealers. American Union Securities works with both domestic and foreign issuers, with a specific expertise in identifying private companies in China that have the potential to be successful public companies in the United States. From 2001 through 2003, prior to organizing American Union Securities, Mr. Leo was the founder and managing member of Venture Capital Partners, LLC, a private merchant banking and consulting firm. From 1996 through 2001, Mr. Leo was employed as a registered principal and OTC market maker with AM Capital and MH Meyerson. Mr. Leo became a registered representative in 1987 and during his career has focused on raising capital for IPOs and reverse merger transactions. Mr. Leo maintains the following NASD registrations: Series 7, 63, 55 and 24. Mr. Leo also serves on the board of the following public companies:
China Industrial Waste Management, China International Enterprises Inc., DK Investors, and Central American Equities Corp. Mr. Leo is 41 years old.
Mr. Leo is now the sole director of UDTA
Look for a merger with a Chinese Company
IMO due your own due diligence
LOL
Ceo
I am very sick of the stock action today. Why? I purchased over 80K in the last 2 days. And what do you know? Freaking MMs take down the price to .013 today. This is a typical MM maniputation. But you know what, I will add more in the near future when fund is available. Old saying, buy when no one wants it, and sale when everyone wants it. GLTA!
Here's the latest from UDTA filings (change in Directors):
RULE 14F-1
REPORT OF CHANGE IN MAJORITY OF DIRECTORS
INFORMATION PURSUANT TO SECTION 14(f) OF THE
SECURITIES EXCHANGE ACT OF 1934
ULTRADATA SYSTEMS, INCORPORATED
1240 Dielman Industrial Court
St. Louis, MO 63132
This report is furnished by the Board of Directors of Ultradata Systems,
Incorporated, a Delaware corporation ("Ultradata"), to the holders of its
common stock, $.01 par value. Information in this report regarding Warner
Technology & Investment Corp. ("Warner Technology") and John C. Leo has been
provided to Ultradata by Warner Technology.
On June 1, 2006 Ultradata entered into a Stock Purchase Agreement with Warner
Technology, pursuant to which Warner Technology purchased 210,000 shares of
Ultradata's Series B Preferred Stock for $210,000 in cash paid on that date.
The holder of the Series B shares will be entitled to cast 51% of the votes at
any shareholders meeting. Warner will be entitled to convert the Series B
stock into 10% of the outstanding Ultradata shares, but only if Ultradata has
acquired an operating company during 2006. Otherwise the Series B Preferred
Stock will be cancelled.
Pursuant to the terms of the Stock Purchase Agreement, the present directors
of Ultradata have elected to the Board a designee of Warner, John C. Leo, and
have submitted their resignations from the Board. The election and the
resignations will be effective ten days after Ultradata mails this information
statement to its record shareholders. After that change of control, the new
Board of Directors - i.e. Mr. Leo - will bear responsibility for negotiating
the acquisition by Ultradata of an operating company.
This report is provided for information purposes only. We are not soliciting
proxies in connection with the matters described in this report. You are not
requested to respond to this report in any way.
This report will first be mailed to the shareholders of Ultradata on or about
June 27, 2006.
VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF
There are two classes of Ultradata voting stock outstanding:
* There are 17,548,665 shares of Ultradata common stock outstanding.
Each share is entitled to one vote.
* There are 210,000 shares of Series B Preferred Stock outstanding.
The holder of the Series B Preferred Stock is entitled to cast votes
equal to 51% of all votes cast by all classes of voting stock.
The following table sets forth the number of Ultradata shares of each class
of voting stock owned by (a) each person who, as of the date of this
Report, owns of record, or is known by Ultradata to own beneficially, more
than 5% of either class of Ultradata common stock, (b) each current director
of Ultradata and all current officers and directors as a group, and (c) John
C. Leo, who will become the sole director of Ultradata ten days after this
Report is mailed.
Looks like GPW is still active. Still waiting for Cell Phone Road Whiz to go live!
High pump prices drive motorists online
By Camille Drummond
1 hour, 23 minutes ago
NEW YORK (Reuters) - Internet-savvy Americans planning their summer road trips are easing the sting of near-record pump prices by seeking the best fuel deals online.
Web sites offering fuel cost calculators and cheap gas station searches have seen their traffic skyrocket as retail gasoline prices approach $3 a gallon on average nationwide, and vault well-beyond that in some major cities.
"Savvy drivers understand the need for advance planning and budgeting," said Jan Coyne, AAA's Geographic Information Systems director in a release Thursday.
Visits to travel and motorist group AAA's Fuel Finder Web site, which allows motorists to find gas stations selling low-cost fuel, jumped nearly 168 percent in the past year, AAA said.
The group's Fuel Cost Calculator Web site usage has also shot up 17-fold to 749,000 visits in five months as the summer driving season approached in late May. The calculator, which debuted last September, even allows users to enter in their car's make and model to give a more accurate fuel cost estimate.
"There's nothing people can really do about gas prices," said AAA spokesman Mike Pina. "With the way gas prices have been spiking up in the last couple years, people are looking for as much advance information as they can."
Motorists were paying an average $2.99 for regular unleaded gasoline as of Thursday, up 12 cents from a month ago and 68 cents above last year's price, according to AAA's national retail survey of 85,000 gas stations.
Pump price search engine GasBuddy.com also saw its traffic more than triple since the summer driving season started, jumping from about 600,000 to 2 million visitors per day, said Jason Toews of GasBuddy Organization Inc.
"The overrall trend is upward in traffic, even in slower times like December when we typically have cheaper gas prices," said Toews, one of the site's co-founders. "Even in the past month or so we've seen an increase."
The site offers a network of more than 173 local fuel price information Web sites, many of which allow users to create personal "Favorite Stations" lists.
GasPriceWatch.com, a similar site where motorists can search prices posted by about 150,000 fellow drivers, took in more entries than ever on Wednesday with 440,000 posts, said GPW founder Brad Proctor.
GPW's search traffic averages at a 600,000 per day high right now, although compared with the 1 million searches it received the day after Hurricane Katrina slammed through the Gulf Coast, Proctor said.
Fuel prices, which are 7 cents away from the record high of $3.06, have not kept this summer's travelers from driving in record numbers on major holidays. AAA's Pina said the agency expects the same for Labor Day road traffic.
http://news.yahoo.com/s/nm/20060720/wr_nm/energy_gasoline_internet_dc
I can't believe udta's mb has been dead for over a month. Come on, let get the RMerger moving....
COSMO, you better BUY some of those DUMPS! This company has made some progress in cleaning up the finances compared to you know who (EZ..)!
I'm still heavy in EZ and light in UD, but light is better than nada! GL
"Another question: Since udta payoff debt with 105K, what happen to the rest of 95K left?"
I think GG already got the $95K from earlier share conversion! $105K was left and now is paid off!
people are just dumping. eom
I got my shares. What does it mean when Arca at 95000 at bid? What kind of mm is arca? Does it hurt or help sp when arca show up either at the bid or ask? I see this often on most otc stocks.
Another question: Since udta payoff debt with 105K, what happen to the rest of 95K left?
BTW, someone needs to hit the ask at .019 to push over 2 pennies. I did my part with .017.
To be honest with you, I am holding these shares for LT till the reverse merger completed.
Thanks.
do you see arca @ 0,017!!! he don´t get any shares at this level till now!!!
type 0,17 and you get the shares quickly!!!
Put an order for 29,500 shares at .017. What the hell is taking so long?
Oh! Finally, mm gave it to me. Thanks!
Nice volume today. Volume always precedes any move. A few more days like this and we will be off to the races.
JMO
stju, agree 100% eom
COSMO, looks like UDTA is more alive than our other one! Decisive action going on here unlike another stock (EZ**)!
Did you BUY any UDTA yet?
As I was saying before, Udta has ridded off Golden Gate Investor. This is particular good news for this company because NO NO NO more dilution. Also, it will attract good candidates for reverse merger due to low float, and O/S. I think the past management realised that the company is going No where so they passed it off to New Management. At least for the moment, we are still alive and in the game with this company. My gut feeling is telling me that something good will happen within this month or next month. This is a good time for accumulation at this ridiculous share price. Anything under 2 pennies is a steal. IMHO! GLTA!
Hey cosmo, I am going to make a fortune on this one. No debt and a clean shell. Reverse Merger within 30 days IMO
UDTA -- Ultradata Systems, Incorporated
Com (1 Cent)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Ultradata Systems Retires Golden Gate Investors Convertible Debenture
ST. LOUIS, Jun 08, 2006 (BUSINESS WIRE) -- Ultradata Systems, Inc. (OTC BB: UDTA.OB) today announced that it has paid off its debt to Golden Gate Investors (GGI) incurred in February 2005 in a convertible debenture transaction. This action is in accordance with the agreements announced June 5, 2006, as part of the restructuring of the Company disclosed at that time in a filing on Form 8-K and in the accompanying press release.
SOURCE: Ultradata Systems, Inc.
CONTACT: Ultradata Systems, Inc.
Ernest Clarke, 314-997-2250
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