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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.
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.
I've had it for months in my account (bought after the filings in augustus, it became clear that they were preparing her as a shell). I think it'll rock.
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).
UDTA
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).
Ultradata Systems Signs Share Exchange
Friday November 10, 4:08 pm ET
NEW YORK, NY--(MARKET WIRE)--Nov 10, 2006 -- Ultradata Systems, Inc. ("Ultradata") (OTC BB:UDTA.OB - News) 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:
Contact:
Peter D. Zhou
212-232-0120
Ultradata Systems Signs Share Exchange
Friday November 10, 4:08 pm ET
NEW YORK, NY--(MARKET WIRE)--Nov 10, 2006 -- Ultradata Systems, Inc. ("Ultradata") (OTC BB:UDTA.OB - News) 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:
Contact:
Peter D. Zhou
212-232-0120
Ultradata Systems Signs Share Exchange
Friday November 10, 4:08 pm ET
NEW YORK, NY--(MARKET WIRE)--Nov 10, 2006 -- Ultradata Systems, Inc. ("Ultradata") (OTC BB:UDTA.OB - News) 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:
Contact:
Peter D. Zhou
212-232-0120
Titchey,
I understand you worries.
We won't know if they have been diluting, until we get correct figures on the A/S, O/S, float.
You can have during a certain period that the float has been traded. This does not mean the company is throwing extra shares on the market. It could just be that brokers are naked shorting.
In regards to FGFC : they've been playing around with O/S numbers. At this moment I don't see it as positive, neither as negative. What is annoying is that my account shows 'blood' in regards to FGFC. I hope they bring some clarification soon.
To further add to your statement :
The broker will not report to anybody that Johny has 100 K shares. They will report that they as broker hold XXX amount of shares. That could be 100 K, or 10 K. Johny will not be mentionned anywhere.
They wil not flag an IOU, they will just flag you shares in your account and will have 3 days to actually link them to you (if they would 'fail to deliver', they can cancel the buy within 3 days following the buy - but , they will only do so if suddenly the stock rises). If the stock goes down, they won't cover or buy actual shares (they can even 'box the stock down to 0.0001). If you sell, they'll buy back from you, knowing that they'll have to balance your sell out (it's like double book keeping), but they'll gain money on it (you sell for a loss).
If your stock goes up, then indeed they have an issue. They have to start buying shares on the open market to compensate. So, I follow you on your last statement.
Interesting remark to make : anyway they win. Reason : in most cases for pinks and OTCB they'll keep on naked shorting when the price goes up, and buyback when it drops again. It's only when a certain pricelevel is achieved that they'll really start buying back (find more info on that in the links below - the priciple is the same for Short selling (legal, but nor for pinks and OTCB stock) and Naked Shorting (illegal - but mostly explained that you can fail to deliver a certain percentage in order to create liquidity in trading).
http://www.buyins.net/tools/alerts.php
http://www.squeezetrigger.com/
Fyi. there's as well an SHO list. This list shows the fails to deliver. When it reaches a certain quote, MM's have to cover (they have to settle). Guess what ? It shows only limited 'fails to deliver'.
Link :
http://www.otcbb.com/asp/OTCE_Short_Interest.asp
Titan,
The A/S and Naked shorts are in no way related. You can't add counterfeit shares to the A/S (it would be like printing counterfeit money and saying that the US government takes it up as being printed by them), nor are they seen. They're nothing else then marks in a broker's internal books.
A good definition of NSS can be found at :
http://sev.prnewswire.com/retail/20051201/LAW06630112005-1.html
'Naked short selling consists of persons selling (or colluding with others to sell) massive quantities of stock they neither own nor have arranged to borrow. They do so with the intent to manipulate downward the stock price of targeted companies in order to profit by a repurchase of the stock following the downturn, making tens (or hundreds) of millions of dollars engaging in this illegal conduct. Abusive short-sellers frequently never deliver the stocks they are selling, but rather postpone trade closures indefinitely.'
The NOBO/OBO list can give indications as to whom 'officially' is registered as a known or unknown shareholder or broker who owns for their customers shares. It will however not show you everything. Example : overseas accounts (I'm European) are most likely not in there.
The only means a comapny has to proof the Naked Short is (1) to buy the float or more (SLJB did this some months ago) (2) or to ask that every shareholder asks certs.
If you want more info on NOBO/OBO, Certs, Fails to deliver, NSS , I would like to refer to the link I posted yesterday. The link to the CMKX website can help you as well. There's a huge library behind it touching on NSS :
http://cmkxdiamond.proboards66.com/index.cgi?board=ns
The followng link gives you more info on NSS and failures to deliver (righthandside - click under 'A simple and animated look at the problem of “Failures to Deliver” in the marketplace.') :
http://www.cmkmtaskforce.com/index.php
Hope this helps.
Rgds,
dda
Example of a cert :
http://tinypic.com/view/?pic=2ega2vk
Some people are that stupid to publish it.
Basically a cert can come in any number (let's change CMKX by FGFC LOL).
The process is that the request goest to the TA, he makes it up, the company signs. The cert is the hardcopy proof that's logged with the DTCC that you have the shares. In our world we don't hold certs, because we have our on-line account.
When they want to retire it, the cert goes to the TA who then will take this up with the authorities and the DTCC.
Basically only one paper has to be send. So, if they FEDEX'd it ... it was just a small parcel.
Top,
They have been indeed playing with us. It annoys me. I hope we get a PR soon.
Current prices should be good to buy back everything. LOL
Mustard,
The shares outstanding stay indeed the shares outstanding. They're a combination of (1) the float (free tradable) (2) the restricted shares (3) shares kept in the firm itself (example : the 100 million FGFC is returning to the TA have been there for a while - they were neither a part of the float, nor of the restricted).
Buying or selling does not impact that, nor does the Naked shorting.
The only reduction is obtained if a company gives the shares back to the TA and the shares are reduced or if a reverse split is declared and performed (note : R/S's are almost everytime negative for shareholders).
In regards to the Naked Shorting : this is just selling fake shares and marking them in one's account. The only way one can detect them is by checking the NOBO-OBO list (that list gives an overview of known and unknown holders). Still if you look at such list you'll have difficulty trying to proof Naked Shorting goes on.
Interesting to know is that there's a shorting list for pinks and OTCB. But that clearly shows that not a lot of Naked Shorting goes on, although if you're in this for quite some time, you'll note that stocks sometimes trade their whole float in days. This is, to say the least, amazing.
Naked short or no naked short, the O/S stays the same.
Last point : you have as well the Authorized shares. That's the maximum number you're allowed to issue (this means float, restricted, so ... the O/S). The O/S can never be higher then the A/S. Although, if you look at what is authorized for our stock, you'll note that the O/S is higher then the A/S.
My assumption in the past has been that therefor there'll be a further buyback untill we're under the A/S.
I must say that the dumping of shares these last days, annoy me.
That's incorrect. Naked short shares have no impact what soever on the O/S or A/S. They're counterfeit and they can't be seen.
More info on NSS
http://www.investopedia.com/terms/n/nakedshorting.asp
They told to reduce with 100, not 80. These guys should get their act straight as they've been increasing the O/S the last months on the other hand with some millions.
I'm not bashing, just stating that if the O/S decreased with 80 million, it's not mapping the promise they made.
Maybe Fedex only delivered 80 million ? LOL
I think they're retiring float + the shares they promised and they are adding restricted shares
I wouldn't be surprised that they want to limit the float to '0'.
Think about it : if they would like to attract new private investors or equity companies, they would have to increase the O/S. If they go private and push us out, they could most likely be more attractive for such companies.
Correct me if I'm wrong :
+/- 330 OS
minus 100 million they told us about
minus potential 100 million buy back
minus at least 15 million CEO
minus the restricted (+/- 50 million ?)
This means we're trading today half of the O/S that's left + the total float ? Something must be up.
I don't like R/Ss. Most of the times afterwards people tend to start dillute again.
FGFC ... minus 100 million shares ... nice !
still in, but i regret it
MLXO +37%
MLXO ... we have lift offffff
MLXO ...... I' reaaadyyyy
nope - nothing
thx titan !
Grrrrrr......
http://knobias.10kwizard.com/files.php
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
Don't shoot at me ...
***************
Hi - suppose to be completed today so I'm told.
Sharon
----- Original Message ----- From: xxxx
To: "Sharon Bishop" <sharon@michelex.com>
Sent: Tuesday, October 24, 2006 3:57 PM
Subject: Re: Investors question
> Sharon,
>
> Your Belgian connection again. Any idea when the SEC would be finished
> with their work ?
FGFC - NOBBOOOOOOOOOOOO GGOGGOOOGO
+ FGFC NOOOOOBOOOOOOO LIST
GOOOOOOOOOOOOOOOOOOOO
FGFC ---- NOBOOOOOOOO GOOOOO !
FGFC - NOBOOOOOOOOOO
First Guardian Financial Corporation Orders NOBO List to Review & Verify Actual Shares Outstanding
Business Wire - October 16, 2006 09:13
NEW YORK, Oct 16, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (PINKSHEETS: FGFC) today announced that the Company has ordered a current NOBO (Non Objecting Beneficial Ownership) list from ADP Investor Communications. The NOBO list will show the company an exact number of shares outstanding and the ownership of those shares; it is the most complete & accurate share profile that is available to the company.
The company is taking this action as we prepare to retire a large block of the company's common shares; this action is also being taken as part of preparing the company to complete its audited financial statements and filing to trade on the OTCBB.
"Once we receive the NOBO list we will review it with our auditors for any possible inaccuracies and correct such if there are any at that time," explained President Abraham Rosenman. "It seems to be that there may be some possible discrepancies and we want to be completely sure that our records are 100% accurate. Our primary interest is to have the least amount of shares outstanding as we move towards the OTCBB, and to make sure that there is no significant shorting of our shares, and if so to stop it immediately. We are committed to creating value for all of the company shareholders. As the company moves forward with increasing sales revenues and earnings from operations," said Abraham Rosenman, President.
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: First Guardian Financial Corporation
First Guardian Financial Corporation
Investor Relations, 212-572-4823
Fax: 212-572-6499
ir*guardianfinancialcorp.com
www.guardianfinancialcorp.com
Copyright Business Wire 2006
thx for the clarification (they do make it hard to understand) LOL
I know, but some here claimed the O/S went up to over 200 million.
what's the current O/S ? some have stated it increased drastically ? is that correct ?
guys,
let's stop this ...
MLXO ... bigger monster
0.037 + 27 % - filing is close
This is gonna be one sticky candle !!!! People notice it !
MLXO +20% finally it's moving up .........