It is very confusing. The SEC requires these companies to file, yet they require them to file electronically now through EDGAR. The SEC website says the 14th, yet the electronical filing website (EDGAR) says that the NT 10-Q is due August 20th spelled out in black and white. It's like the right hand doesn't know what the left hand is doing. Pretty typical though when considering governing bodies.

If UPDV is true to their word, we should see the 10QSB today. But if there's a loophole in the system, I would expect them to capitalize on it. I would LOL!

As per UPDV's NT filing:

" ... The Registrant will file its Form 10-Q for the fiscal quarter ended June 30, 2008 no later than the fifth day after the due date of that Form 10-Q ..."

To clear up all the confusion, how difficult would it have been for them to just spell it out, such as "The Registrant will file its 10-Q on August 19th 2008." Sometimes I think these companies like to remain vague for reasons.

My opinions.

Then you're going to be disappointed when you don't see it today.

On another note, if you want the shares bad enough offer the ask price, you have a better chance of getting a fill, though as I stated in my post before this it's still not a guarantee.

It's the way the MM's can make a stock "appear" weak when in fact it's not. It's MM manipulation in my opinion. ScotTrade has done that to me on several occasions over the years. I'll put in a GTC buy price at the ask or higher and it will sit all day in my account and never fill even though the shares trade lower all day. There are ways for you to self direct and route your trades to a MM of your choice though to be certain of a fill. But you need to know what you're doing and you might not get the best possible price. I let my broker route all my trades though because if they screw up I can point my finger at them.

You are wrong too. You're misinterpreting the deadline. The 10Q or 10QSB was due the 14th, the NT 10-Q (deadline extension) was due the 15th, and the NT 10-Q extends the 10Q or 10 QSB filing deadline another five days from the due date of the NT. So we will see the 10Q tomorrow at the latest. UPDV can file today, but they don't have to so I don't expect them to. Below is a link to EDGAR explaining all this. Hope this clears up all the confusion (no wonder people are selling lol).

http://www.tntfilings.com/edgar/edgar_deadlines.asp

I'm afraid you are wrong. It's five days from the extension due date which was the 15th. So it's due no later than the 20th. I provided the SEC link in an earlier post. But it doesn't mean that they HAVE to wait till the last second, but I bet they do.

I don't think so. Tomorrow is my guess.

I think you'll be OK and be able to sell at a nice profit even with an average of .008 if you can let it ride some. But don't take my word for anything because it's your hard earned money and I would feel horrible if you lost any of it because of my advice. I'm just offering you my personal opinion.

Best of luck to you.

No problem investorman, we're on the same page regarding shorts. My post was confusing. The point that I was trying to make in my original post was that you can't be "forced" to cover on the way down. I guess I just misunderstood your post as well. And I agree with you on the difficulty of trying to call a top or bottom in SP. In most cases I try to have my exit strategy in place before I even buy or short a stock. But even so, sometimes it's hard to keep emotions such as greed and fear out of the equation once I've taken a position. It's difficult to trade like a robot, but in my opinion it’s the most profitable way.

My guess is that it will fluctuate up and down ;)

True. In my opinion the balance sheet is the most important of all. Creative financing (such as a huge increase in receivables for no apparent reason) can stick out like a sore thumb there.

It takes huge ones to file false documents with the SEC, but it does happen and happens more frequently than you would think. Similar to people who file false tax returns with the IRS. They know they can get into big trouble, but ONLY if they're caught. That said, generally speaking if we can't believe SEC filings, what can we believe? Answer: Nothing.

A few words of advice from the SEC:

" ... Caution: By law, the reports that companies file with the SEC must be truthful and complete, presenting the facts investors find important in making decisions to buy, hold, or sell a security. But the SEC cannot guarantee the accuracy of the reports companies file. Some dishonest companies break the law and file false reports. Every year, the SEC brings enforcement actions against companies who've "cooked their books" or failed to provide important information to investors. Read SEC filings — and all other information — with a questioning and critical mind ..."

http://www.sec.gov/investor/pubs/microcapstock.htm

IMO, for the same reason a bride keeps her diamond wedding and engagement rings after a divorce. $$$$$

You obviously don't know me investorman. I've shorted stocks on several occasions but have never been forced to cover if the share price dropped too much as you portend to suggest. Sure it makes sense to cover a short position if the price falls a lot to lock in profits, but greedy shorts won't necessarily do it in hopes that the share price will sink further. However, you can be forced to cover if the stock goes against you or too high, but when depends on your broker and how large your account is. If your broker forced you to cover your short position as the share price was dropping I'd change brokers in a hurry and then report them to the SEC.

Fact4, IHUB terms of use doesn't require a poster to state that their post is opinion if it is. It's to be assumed that all posts are opinions.

http://ihwiki.stocksite.com/index.php?title=FAQ:Deletions_and_Restores#This_one_lady_never_uses_.22IMO.22_.28In_My_Opinion.29_.E2.80.93_she_states_everything_as_if_it.27s_fact_and_it.27s_not.21

In my opinion they're operating an ATM machine for some of the short term traders that see it. The liquidity in this stock is great. $250K exchanging hands and hundreds of trades daily for a pinkie isn't too shabby. Who cares what the company sells or does? I don't buy the companies, I just buy their stocks. Sometimes the crappiest companies have the best stocks for profitable trading.

My opinion of course.

Shorts don't cover when a stock is dropping, that's what they want it to do. They cover if it starts going up too much.

Janice, you took that sentence out of context and you know it. But the people here who are saying there will be no dividend; they "may" be the people spreading falsehoods. At this point in time none of us knows with 100% certainty that there won't be a dividend. Not even you. We can all base our opinions on statistical odds, but just as there are more mathematical combinations for a seven rolling with two dice doesn't mean that the next roll will be a seven.

It would be a rare thing to find audited financial on a pink sheet company. If I want audited, I'll stick to S&P 500 companies. People can bash OTCBB and pink sheet companies until they're blue in the face, but it will never stop traders from making money on these companies. It's all about the transfer of wealth and a fool and his money. Sometimes the wealth transfers from other fools pockets into mine, and sometimes from this fools pockets into others.

Scam or no scam I bought FFGO before at .0002 and .0003 and flipped a short while later at .0005 and .0006. I think I can repeat that process several times before this one is done for. Like I said earlier, the way this stock has been trading, it's like having your own personal ATM machine that someone else manages to keep full. Albeit, gains at the expense of others, but that's the way it works in the stock market. I'm not here to protect others from themselves, caveat emptor. Even if I were they'd only consider me a basher. I'm only here to try to make a quick buck for myself ... there are enough others here watching out for the other guy.

It can be taken either way Janice. Either he knows they're really not worth anything, or maybe they are and it's his way of giving something back to the shareholders to earn back some credibility. Seriously, if you think about it the guy can't win with his investors. He's damned if he does, and damned if he doesn't. But that's what happens once you lose trust.

What a great way for him to save face by actually delivering on these dividends! Then people wouldn't be so fast in the future to discredit everything that he says. This is the perfect opportunity for him to earn back some trust.

I agree with you. I got better vibes from this PR than from all the other ones leading up to this one ... so, I picked up 4M shares today @ .0003. It's a craps shoot, but I'm a gambling man.

I disagree Brad. Say you owned a company and noticed people spreading falsehoods about your company? I don't think that you would just sit back and ignore it all. Libel is libel. I'm not saying that this CEO is or is not putting out truthful PR's, I'm just saying that "if" he was, it certainly wouldn't be in his best interest or in the interest of his shareholders to just sit back and do nothing. There are laws to protect his interest.

No, it's a 467% gain. But .0003 to .017 would be a 5,567% gain.

Scam or not, I just bought a little over 4.1M shares today at .0003. The way this has been trading I think one can utilize it as an ATM machine. I intend to.

But I earmarked a few shares to hold for "all or nothing" should the CEO actually be telling the truth. And it's only 1200 bucks. I lose more than that on a bad night at the craps table. All I can say is at least this stock isn't boring ... and I love to gamble.

I'm sure there are many more who don't agree with me. But more often than not, SP of a stock goes down with earnings reports, even when they are decent or within guidance. Shareholders usually just expect too much.

I hope I'm wrong, because I still hold close to 4M shares of UPDV and would love to see the price more than double by Friday as I would certainly cash out a few shares and buy back as it retraces.

Best of luck to you.

My opinions.

My guess is the report will show a record quarter in regards to revenues, but the increased dilution that it proves will scare off even more investors, especially if UPDV's still in default on their loans.

Nothing is ever good enough for impatient people. By Friday, if the stock price is even higher than it is today ($0.0037) I'll be surprised. But I will continue to buy as the shares get cheaper because I know what UPDV's about and realize it's longer term potential. Stocks like this can give you back a year's worth of losses in a day. I want to be around on that day.

They didn't dilute to 2 billion shares (at least not yet). That's just the new AS amount. The OS will show dilution, and we should get that number on the 20th in the 10QSB. I'm expecting to see a number between 300M and 500M for the current OS, and if it's less than that I will be jumping for joy. I wouldn't even be too shocked if the current OS was as high as 750M. They had to raise cash for Sheridan you know. And with such a low PPS it takes a lot of shares just for a few bucks. Still looking forward to the 20th when numbers come out. Should at least be a record quarter for UPDV in the revenues dept. I'm not expecting any positive net income however. That’s still a few quarters off in my opinion.

More buy volume than sell volume yet share price down. Friggin MM's!

DarkMatter, the NT 10-Q wasn't due on the 14th, the 10QSB was. If not filing the 10QSB by the due date (as it appears) then the NT 10-Q becomes due within 24 hours, or on Friday August 15th. UPDV's OK with the SEC as long as they file the NT on the 15th. The NT will extend the 10QSB filing deadline from August 14th to August 20th.

And I agree, we do need some excitement here. But I fear a lot of UPDV shareholders may be expecting too much in regards to revenues and too little in regards to the new OS on this coming filing and will be disappointed by the numbers and jump ship bringing the SP down further. For that very reason I left some dry powder in my broker account. However, I did pick up over 500K shares Thursday at .0036 bringing my total to over 3.9M.

I'm actually expecting UPDV to drop even more on Friday barring any great news as the majority of swing traders won't hold a position over a weekend.

Best of luck to us and the rest of the UPDV longs here.

I have no intention of selling my shares either ... not this cheap at least. I will continue to buy on any significant pullbacks. But I do have a GTC sell limit order in to take some off the table at 1.5 cents ... just a matter of time in my opinion (and I'm not talking a future reverse split adjusted price of 1.5 cents). Trying to build up my free shares position. Lost some traction on that process over the past 2 and 1/2 weeks.

LMAO! Funny visual overachiever.

UPDV noted in their NT 10-Q file for the quarter ending March 31st 2008, that they needed more time to file because they didn't have a CFO, among other things.

We'll see them file the NT 10-Q tomorrow (at least that's when it's due, see link below). The NT will extend the filing deadline for the 10QSB to August 20th. They just like to wait until the last second for some reason ... and my wife calls ME the world's worst procrastinator!

http://www.tntfilings.com/edgar/edgar_deadlines.asp

I was wrong. To file electronically with EDGAR and get today's date on the filing EDGAR needs their info submitted by 5:30PM eastern time. It may already be submitted to EDGAR but not yet edgarized by them. I guess we will find out more tomorrow.

I agree. Missing SEC filing deadlines is unacceptable. But technically they have till midnight Nevada time to file with EDGAR electronically. You would think they'd at least have an NT 10-Q filed by then saying we're gonna file the 10QSB late. That form takes 10 minutes to complete. Oh well, holding my 3.93M shares with crossed fingers. God bless us all!

Twas due today August 14th.

http://www.secfile.net/SEC_calendar.htm#EDGAR_Filing_Deadlines_for_Quarterly_and_Annual_Reports

But if you're not paying the IRS capital gains tax you're not making money. I'd rather be paying the IRS in this case.

I'm in shock! UPDV leading HTOG in both volume and price. But don't blink, things change quickly.

I'm assuming the OS is already at 600M shares seeing the rate they've been increasing the A/S. I did the math and at $0.0036 per share it puts UPDV's market cap at just over $2M, which in my opinion is still way undervalued for a company that will do over $60M in revenues this year.

Good luck to you as well. Sometimes you just got to go with your gut. I'm still going to hang around at least a couple more quarters to see what develops. And I will keep trying to accumulate shares along the way to lower my cost basis. Sell some into strength if that ever happens again, then wait for a retracement to pick up more. Been doing it that way for a while now and doing OK. I have a limit order in right now for an additional 571608 shares at .0036 waiting to see if it fills … oops it just did!! I’m keeping more dry powder in my account just in case this blows off another 50% in the next couple weeks. Eventually it has to find a bottom. I just hope it's not at .0001 LOL. Again, best of luck to you and hope to see you around.

Not cut and paste nor anything fishy. It just means it's not on EDGAR yet. Here’s proof (do the following).

Go to Nevada’s Secretary of State home page:

http://www.nvsos.gov/


On the home page there are six columns across. Look at the last column titled “Online Services” and click on “Business Entity Search”. It’s the second option listed in that column.

Now, at the business entity search page type in Universal Property Development then click on the “search” button. If you make a typo in the spelling of the company name it will tell you “no results found” so be sure to type it exactly as shown.

One search result will pop up. Now click on “Universal Property Development and Acquisition Corporation” and UPDV’s Business Entity Information page pops up.

Scroll to the very bottom of that page to the section labeled “Actions\Amendments” and click the link “click here to view all 12 actions\amendments associated with this company”.

There’s your proof. No smoke or mirrors. The page that pops up is sorted most recent activity at top and oldest at the bottom.

You’re welcome