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Deep: I believe there is a pool of oil there. Directly next door is a company producing oil. Look back at old messages (about a year ago when an investor from texas drove by and told us (plus follow the trail to that companies web site) of the production going on).
I see we think alike. Listen up, don't listen to Koko, he wrote in message 9072 that he lost thousands of dollars on this stock (like many others). The way I see it, he is trying to drum up the stock so that he can sell. Like he just wrote, buy low and then sell. he is trying to make his money back at our expense. Notice anyone who ask him where he got his info, like his Conoco remark 3 months ago or his constant writing, "it's going up to .35 or .50 trust me". When asked where he is getting his info, he responded "I'm to busy, just do as your told or buy"! But never gives us an answer.
Hey KOKO look for time to tell us where your getting your so called info!
Sound like all the emails I get that say I won over a million dollars in a contest in some obscure African Country, fill out this form (asking for all personal information) and a check so they can mail you the check you won.
Watch your ID stolen, money stolen you sent to get the check and nothing but headachs trying to fix this mess up.
Hey Koko:
2 months ago you said Conoco will invest into this company, you said you read that. I asked where you read it and you refused to answer. Then few weeks ago you said , trust me, can't talk now in a hurry, but you got info that the pric will go up to .50.
Now your pushing the stock because of a possible investment bhy some unidentifiable mideast concerns.
My questions to you is,
1) Have you looked at the charts shown?
2) Have you thought about the so call mideast investment through?
a) If they invest 85 Million for stock, that means an
additional 47.2 Billion shares O/S.
b) If they create a subsidiary to work with us, with 85 M
investment, what will be UPDV percentage? Only an
outright loan, with generous terms will help us!
Do the math your self $1,000.00 at .0018 per share = 555,555.
A 2 thousand dollar investment gives you over 1 million shares.
Posted by: A44975 Date: Monday, February 09, 2009 10:05:11 PM
In reply to: None Post # of 9529
Look everyboby!
Don't get caught up in the hype, just because someone says they are negociating with Mid East companies for loans, doesn't mean that they will get it. One of my clients is currently negociating with no less than five banks for a real estate loan, so far 4 have turn him down (the firth looks positive but no commitment yet). See what I mean, anyone can say they are negociating for a loan. Why didn't give us the names of the banks, companies or individuals they are negociating with? As always they give vague info so that you can try and look for the good. I hate to burst your bubble but as an auditor myself I am paid to ask questions and I see no answers coming from MGT.
Everyone should write mgt for more, much more information and don't let them get away by saying "we will give info when we have something to say". It's what not said that causes all the problems.
Look everyboby!
Don't get caught up in the hype, just because someone says they are negociating with Mid East companies for loans, doesn't mean that they will get it. One of my clients is currently negociating with no less than five banks for a real estate loan, so far 4 have turn him down (the firth looks positive but no commitment yet). See what I mean, anyone can say they are negociating for a loan. Why didn't give us the names of the banks, companies or individuals they are negociating with? As always they give vague info so that you can try and look for the good. I hate to burst your bubble but as an auditor myself I am paid to ask questions and I see no answers coming from MGT.
Everyone should write mgt for more, much more information and don't let them get away by saying "we will give info when we have something to say". It's what not said that causes all the problems.
As an accountant myself. I would say 95% of the companies out there who follow traditional accounting rules, may not afford Certified or Review audits (simply becasue of the expenses involved, only to come up with the same numbers or ever so slightly different), have good unaudited financials. The problem are those 5% that hit the news and make everyone else look bad.
As of right now, I see this company, because of lack of information, rarely seeing any accounting or financial filings, as a questionable company!
Well than something is wrong. Just scroll up and it shows you the firgure I stated. But I believe this is not unsual for UPDV. They don't give out all info until way after the fact.
I still don't believe the negociations with Mid East, I believe it's just a stall tactic.
I don't know where you got your info for this message in June 2008 of 10 million plus shares O/S, the board clearly shows as of APRIL 23, 2007 there was 49,938,611 shares O/S. Just scroll up and see for yourself.
Posted by: turn around Date: Wednesday, February 04, 2009 9:13:21 AM
In reply to: None Post # of 9526 on UPDV Message Board
Universal Property Development Retains Investment Consultant to Raise Capital in Dubai - Prepares Extensive Drilling Program in Southeastern Kansas
Wednesday February 4, 2009, 9:03 am EST
HOUSTON--(BUSINESS WIRE)--Universal Property Development and Acquisition Corporation (Pink Sheets:UPDV - News) has executed a consulting agreement designed to raise up to $85 million from investors in Dubai and the UAE in order to drill as many as 500 new wells along the natural gas pipeline and gathering system owned by Heartland Oil and Gas Corp. (Pink Sheets:HTOG - News) in Southeastern Kansas.
“This new drilling program will allow us to take advantage of the massive investment we’ve already made in Southeastern Kansas,” remarked Tim Brink, CEO of both Universal and Heartland as well as Continental Fuels Corp. (Pink Sheets:CNFU - News). “We have more than 30 producing wells out there and many miles of pipeline along which we can drill over 100 wells without further expansion. Our new consultant indicates that they are experiencing great interest in this project from their clients in Dubai and the rest of the UAE and, as soon as we can complete the necessary paperwork, we are very confident of great results.”
The contemplated program involves equity investment into a new limited partnership for which Universal will serve as general partner. Once drilling is initiated, it is anticipated that 500 wells can be drilled, completed and connected within 3 years.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Contact:
Universal Property Development and Acquisition Corporation
Jack Baker (Investor Relations), 561-630-2977
info@universalpropertydevelopment.com
Posted by: turn around Date: Tuesday, February 03, 2009 3:51:02 AM
In reply to: None Post # of 9526 Also on UPDV message Board
another one
PRESS RELEASES
UPDA Trading and Storage Subsidiaries Plan Aggressive Growth Strategy -- Fuel Blend Developed for Export
Wednesday, January 24th, 2007 06:29 AM EST
SAN ANTONIO--(BUSINESS WIRE)--In a move planned to take advantage of the expanding international market for refined petroleum products, the trading and storage subsidiaries of Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News; FWB:UP1) (BCN:UP1) (GER:UP1) (MUN:UP1) (STU:UP1) are preparing to deploy an aggressive strategy to grow their capacities and develop products suitable for export to Mexico and Latin America.
UPDA Texas Trading, Inc. has already completed the development of a fuel blend for export and US Petroleum Depot, Inc. has undertaken to acquire additional petroleum storage facilities in Texas and elsewhere.
"Although the United States imports vast amounts of crude oil, we remain the dominant petroleum refiner of the western hemisphere," said UPDA Vice President Chris McCauley, explaining the strategy. "Even Mexico lacks the capability to refine enough gasoline to meet its domestic demand despite its position as a massive exporter of crude. With the new refined fuel blend we have developed in conjunction with our partners here in Texas and the additional storage capacity we intend to acquire, UPDA Texas Trading and US Petroleum Depot will be positioned for extraordinary growth. The products meet all of the specifications of the foreign markets and can be sold in great quantity and at impressive margins in Mexico, Central and South America as well as the Caribbean."
Coupled with the successful implementation of its joint fuel distribution program in San Antonio and its plans to expand that program throughout Texas, UPDA Texas Trading expects to work closely with US Petroleum Depot as well as the independent refiners, blenders, distributors, shippers and ports with which those UPDA subsidiaries have contracted in order to establish a formidable refined product trading and distribution network in the United States and all of the Americas. The UPDA subsidiaries are also reviewing proposals to acquire retail operations that could result in the establishment of a UPDA trademark to be erected on the streets and highways of the world.
UPDA's continued expansion will be reported together with all well production at www.universalpropertydevelopment.com.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Contact:
Universal Property Development and Acquisition
Corporation
Jack Baker (Investor Relations), 561-630-2977
info@updac.com
Source: Universal Property Development and Acquisition Corporation
Posted by: turn around Date: Tuesday, February 03, 2009 3:49:34 AM
In reply to: None Post # of 9526 on UPDV Message Board
something to laugh
PRESS RELEASES
UPDA Texas Trading Applies for Fuel Distributor's License in Twelve States to Finalize Negotiation with Major Purchaser - Completes Formulation of RBOB Gasoline Blend
Wednesday, January 31st, 2007 09:45 AM EST
SAN ANTONIO--(BUSINESS WIRE)--In order to complete the negotiation of a contract to distribute fuels to a customer with locations in 12 states, UPDA Texas Trading, a subsidiary of Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News; FWB:UP1)(BCN:UP1)(GER:UP1)(MUN:UP1)(STU:UP1), has submitted application for a distributor's license in each of those states and is prepared to file the necessary bonds to obtain those licenses.
In addition to making application for the distributor's licenses, UPDA Texas Trading has completed the formulation of its RBOB (Reformulated Blendstock for Oxygenate Blending) gasoline blend for utilization in the distribution agreement under negotiation.
RBOB conforms to industry standards for reformulated regular gasoline blendstock for blending with 10% denatured fuel ethanol (92% purity) as listed by the Colonial Pipeline for fungible F grade. RBOB is a wholesale non-oxygenated blendstock traded in the New York Harbor barge market and elsewhere that is ready for the addition of 10% ethanol at the truck rack.
In conjunction with its partners and vendors, UPDA Texas Trading is establishing facilities to distribute this blend and deliver the completed product to market in each of the 12 states in which it will obtain a distributor's license. UPDA Texas Trading has also prepared the IRS Form 637 required by the US Department of Treasury for authorization to distribute these blended fuels.
UPDA's continued expansion, development and progress will be reported together with all well production at www.universalpropertydevelopment.com
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Contact:
Universal Property Development and Acquisition
Corporation
Jack Baker (Investor Relations), 561-630-2977
info@updac.com
Source: Universal Property Development and Acquisition Corporation
This is the first I hear of this rummor. What are the names of these many faces since the 70's your talking about. Because if this is so, then you have proof of fraud which none of us have. If you don't want to give out this so call information, then stop speading rummors you can't prove!
I also stated that there will be a combination of the three companies, merger, where each share holder will get 1 share of the new merged entity for each amount of x shares o/s.
Monies from Middle East:
You people are still not looking at whole picture. Unless this is an outright loan, whomever they are raising money from is going to want stock. Which means additional shares being issued which means additional dilution. With $85 Millions, I mean alot, alot, alot of dilution!
It's just a wait and see if this money is a loan, issuance of stock or a partnership (which will mean we can lose some controoling interst in the various filds involved).
Hate to burst your bubble but this is the way I see it.
Other than that, it's at least some sort of good news, then again it could just be a stalling tactic.
You don't need an auditor to issue a commpilation. A compilation is nothing more than the financials "Unaudited".
I spoke to Jack once when updv wasn't attached to Htog (Jack was in charge of HTOG there). My impressions are, he is exactly like KAMAL. TWO PEAS IN A POD.
How about submitting your numbers to Obama for help on companies/people who run companies like this. Maybe he can change the laws towards shareholders rights for penny stock holders. I'll be more than happy to sign such a petition.
Of course it's going the wrong way. They keep issuing shares for services. So when they come out with financials, it looks like they are keeping cost down. But in reality they issue shares for services, those people want money so they sell the shares at what they can get, thereby bring the price down as more shares are issued.
I will try to call him again to clarify the $39 M figure. Maybe I caught him at a bad moment yesterday, I'll wait till nest week. Maybe a weekend in between contacts may calm his nerves.
Just note: for every time I try to reach bruce, I can only get a hold of him once every 5-6 trys.
PS. does any know what happened to Kim?
I don't know. My conversation with Bruce yesterday seemed to me as if I was an annoyance to him talking to him about PPTL. I get the impression he is more focus on other matters/companies and doesn't want to hear about us.
Just spoke to Bruce. I pitched my idea to him, but he does not seem receptive with contacting any of the major oil companies for a barter agreement. He stated that he is in negociation with other local producing companies and hopes to gives us news with in a few months. HE also stated that a recent engineer study/appraisal determine the value of oil to add up to $39+ million.
Over all in my conversation he seemed negative about even speaking to me at all about PPTL. He appears also to be operating other companies (When I called and started to speak, he asked me "Which company I'm taking about"?) So I believe his mind is on other business as well. He gave me the excuse that he is still looking for other partners to get off the phone.
I now think we are being a dead horse! Maybe it's time to write this one off!
Look at it. At .0009 per share 1.1 Million shares cost less than $1,000.00. How low can we go?
Hey KOKO:
Your so up on this company. Please explain. I clearly stated the contrary, just look at my last few messages, it explain why. So tell us why your so up on this company, which has over 1.7 + billion shares outstanding, with HTOG subsidiary and another 1.7 Billion share outstanding. How can you possibly see .50 cent per share? The only way I see that is with a reverse split or reorganization and merger of the three copanies (see my earlier mesaage). I'm sure we would all like to hear your insight on this!
Keep Dreaming, look at my last two messages!
At least you can see it my way. It's right there in front of everyones noses. I related the same thing on HTOG message board and I got some personal email stating they can't believe what I wrote.
I wish I new a lawyer who would take this case pro bono. It's clear in my mind stock fraud is going on here. But you need lawyer, outside accounatants and lots of money to prove it. A Pro Bono Lawyer would be best. But all lawyers who work with stocks are most likely working for public companies or law firms that services public companies. No one on our side, not even the SEC.
yea: I would say many people feel like I do. we were cheated and a look at their history, there is nothing to stop them from cheating us some more. All I did was explain how possible future cheating will be created upon us.
They will merge the three commpanies into a new catch all company. Issue 1 share of new company stop for every thousand or more of old company stock. Then when this is done, they will then issue share of the new company stock to continue to pay off bills and salary, there by contineouslly diluteing our shares to were it will eventually be worth nothing. Look for your self.
Both HTOG and UPDV, each have over 1.7 billion shares outstanding. Last year at this time, HTOG only had about 400,000,000 shares outstanding, with UPDV not in the picture. Then in June shares were issued to UPDV to pay off a debt, there by doubling the shares outstanding, where UPDV got 52% of outstanding shares (since then UPDV got voting controlling rights of HTOG of about 70% +). UPDV gained controll and now, as I stated, we have 1.7 billion + shares outstanding. A look at UPDV you'll also see they too have 1.7 Billion + shares outstanding.
Now they announce a colaberation/cooperation of MGT for three of it's companies, to reduce costs. The next step is a merger. It's right there in front of your face, just look at it!
Greg: I'm not signed up for private emails on this board. How ever I do believe people can learn from their mistakes. A right partner will make a difference. Ergo my idea might be another option to look into. Next week my bosses are away, I'll get a chance then to call Bruce (and hope I get him). I'll pitch my idea.
Note: Greg; I really am seeing much more Barter being done. I can a cross a company called ITEX that specializes in this. They issue barter $. For example, a hotel will sell one or more nights on barter and use the barter $ to buy bed sheets , the bed sheet company will use it's barter dollars to rent trucks and so on. Why not make up a barter agreement with a large oil company in exchange for free oil of a period of time?
Now that they merged their operations together, look for a more formal merger between the three companies. What this will mean, is most likely a new entity will be created. All shares of all three companies will be exchanged for shares in this new entity (most likely for every 1000 shares of lets say HTOG, you'll get 1 share of the new entity, maybe for every 800 shares of UPDV we'll get 1 share of the new entity, the same with Continental. Once they bring their OS shares down, they'll look to give us the shaft again by issuing more shares of the new entity, to who know whom for XYZ work billed at an inflated price (most likely a friend or another subsidiary) until the amount of shares we hold will mean beans!
Now that they merged their operations together, look for a more formal merger between the three companies. What this will mean, is most likely a new entity will be created. All shares of all three companies will be exchanged for shares in this new entity (most likely for every 1000 shares of lets say HTOG, you'll get 1 share of the new entity, maybe for every 800 shares of UPDV we'll get 1 share of the new entity, the same with Continental. Once they bring their OS shares down, they'll look to give us the shaft again by issuing more shares of the new entity, to who know whom for XYZ work billed at an inflated price (most likely a friend or another subsidiary) until the amount of shares we hold will mean beans!
I don't know how you figure your trust for "BIG MOVES". But I quest 1.7 Billion Shares OS in both UPDV and HTOG. $1,000 at .00175 = 571,000 plus shares. Is that a big move to you?
GREG: Please check your email. I already got the go ahead from TB about a month ago, but haven't been able to contact Bruce about my idea. If you contact him, speak to him about it. It just might get the ball rolling.
I saw on his FS cost are down or under tight controll. I saw no salary. So why is there now 1.7 Billion shares OS. Are they paying bills and salary by issuing shares?
Problem is they are very tight lip about giving out info.
Greg: I don't think we are being shown the whole picture with this financial statement (read my last message). The financials are not audited. The comparason from one year to the next is not the same lenth for the periods shown (Which is traditinal on comparative financials). This non comparason leads to more questions then answers.
As for professional fees, well lets give Bruce a benefit of doubt here, you do need professinal services for filing paper work with city, state town, etc. In this case he may also need architecs for wells, expeditors and any of a dozen other professional services needed to produce oil or gas. T&E maybe the expenses incurred for the professional services (such as room and board). Lets face Alberta is out of the way.
I'm no lawyer, but don't shareholders have to approve increase in sales of stock. When I purchased stock in this company, there was only about 4 hundred million shares outstanding. Per this unauditerd financial report (which is the first I ever seen), there is now well over 1.7 billion shares outstanding. Aren't shareholders asked first to approve the issuance of new shares? Or does this only hold true for big boards companies?
There using weighted average cost accounting (this is usually used with manafacturers). The problem with weighted average, from my perspective, assests are listed once they are proven. So from what I read the oil fieds are not proven assets. (Or am I reading this wrong?) Which can mean we have no oil and therefor no assests or we have a hidden assets and they will be revealed when mgt feels like it, at what ever percentage rate they feel like revealing it.
As an accountant I never used weighted average cost method and clearly can use an education on it (it's going on close to 30 years since I was in college and I just don't remember weighted average costs accounting).
Lastly did anyone notice that the financials were unaudited?
I'm not an attorney, but don't share holders have to approve sales of new shares to the public as well as any bonds? Don't share holders have to approve an increase in shares offering? Doesn't management have to file certain papers with SEC stating that We now have 100,000,000 shares to offer instead of 50,000,000 shares with the approveval of shareholders. I never got any such asking. Can anyone elaborate on this.
you still didn't answere my question, where did you see Conoco looking to buy updv? See message 9445 (It's your own words, I'm sure we would all like to know).
A few days ago Koko23 stated it was Conoco and now your stating you heard CNX. Where are these rumors coming from. I only go by what I read. I clearly read on UPDV web site, the reorganization with one CEO, which usually leads to a prelude to a full take over. This CEO doesn't look like he want us stock holders around, so I bet he is going to downgrade the assets to nothing so that he gives us nothing when it comes to actual take over. Does anyone know a good class action lawyer?