Trading is intensive

Please refer to this stock buyback announcement which is just out today:

UCASU launches a 12-month stock buyback program
PR Newswire

ATLANTA, Jan. 11, 2024

ATLANTA, Jan. 11, 2024 /PRNewswire/ -- UC Asset LP (OTCQB: UCASU) announces today that the company has filed with SEC to formally launch its stock buyback program.

In a Form 1-U filed by the company, it states as follows:

"On January 10, 2024, the general partner of our company authorized and approved a share repurchase program of our current outstanding common units, over a period of 12 months, through open market purchases, for an unspecific total amount no more than the net income of the company during the fiscal year of 2023, at unspecific prices no more than the lowest ask price at the time of execution of a purchase."

"Since our incorporation in the year 2016, we have built a solid business model, and have been reporting profits in most of the years. We have also made two dividend distributions, of which the recent one was executed in the year 2023, at $0.10 per share," says Larry Wu, founder of UC Asset. "However, the trading activity of our common shares, as far as we observe and understand it, has not always shown consistent correlation to our profitability."

"For the common interest of our shareholders, the management have decided that we should use part of our net cash inflow to buy back our stocks," declares Wu.

Dear Riha, this is the official UC Asset account and it is my job to improve our communication with investors and with the general public. You are welcome to ask me any questions. However I cannot disclose any information that is not publicly available. Also, my discussion does not constitute any investment advice. As the company's official account, I hold no opinion on our stock price.

But I will be happy to show you the facts. I will also use facts to correct people, when they make false statements on our company.

Just to let you know that 1) SEC has no requirements of minimum trade volume; AND 2) if an affiliate of a company buying shares, it will have to be disclosed on Form 4, eventually. It's called insider trading.

So, if there will be no form-4 filed by UC Asset after a while, you'll know that your speculation is wrong.

For now, let me say that you have the right to believe whatever you want to believe. Good luck.

Seeking Alpha featured UC Asset news
https://seekingalpha.com/news/4018152-uc-asset-announces-plan-of-stock-buyback

It reached 1000 today....what's your comment now?

And, how can it be off-topic when UCASU is the largest debtor of VAYK?

Your speculation of our motivation is groundless.

Our company have done our research and probably know much more than you about the financial situation of VAYK. Unfortunately we can’t disclose what we know here due to confidentiality.

See: Uc Asset form 1-SK, page 2

https://www.otcmarkets.com/filing/html?id=16877962&guid=A15-kpLgC72fJih

“
The Company also holds a convertible note in the principle amount of approximate $430,000. The debtor on the note is another real estate investment company, Vaycaychella Inc. (OTC: VAYK), whose business is to facilitate financing for the purchase and renovation of real estate properties in order to generate revenue from short-term vacation rentals. This note will mature in January, 2024.”

UC Asset (UCASU) signed MoU to build 8000 sq ft cannabis property
According to their disclosure, UC Asset has $400K investment in VAYK. Besides cannabis property, UC Asset has an airbnb business subsidiary SHOC Holdings LLC.

https://ih.advfn.com/stock-market/USOTC/uc-asset-limited-partner-qb-UCASU/stock-news/92147929/uc-asset-signed-mou-with-tenant-to-build-8000-sq-f

Hi Riha, the company has just released a head-up on the progress of renovating the Rufus Rose House. I believe it is also a response to your inquiry. Please see this news release at:
UC Asset updates Rufus House renovation progress and explains why the property still looks "abandoned" from outside

To sum up, this is a historic building, and its exterior is protected under the city ordinance. The company is not allowed to change anything exterior without a special permit. It cannot even clean up the graffiti on the outside wall. However, the company has done substantial works to renovate the interior of the house.

It's also going to apply for the special permit to renovate the outside.

The company published pictures along with the news release. However the pictures doesn't show up on iHub. You may visit the company's website for these pictures: Renovation progress of Rufus Rose House

I hope that you will admit having made a wrong judgement on the company.

It is the official registration address of the company. The building is a functioning building with normal utility and mail services, despite that its outside looks wasted, as it is a building under renovation.

This is a historic building registered with the Federal government. It has its own Wiki page. How many buildings have their own Wiki page?

You are right about the year. The building was acquired by the company in 2021. My bad. I should have doublechecked.

The company used to lease another office space in Atlanta, but terminated the lease in 2022, as it was shifting its operations to Oklahoma. This has been disclosed in the company's filings (Most recent Form 1-K, page 9).

The company's Oklahoma operation is conducted through its local subsidiary AZO Properties LLC. Office address of AZO Properties is 7408 APPLE VALLEY ROAD, EDMOND, OK 73034. This is publicly available information. For your convenience, i am providing the link to its registration page:

https://www.sos.ok.gov/corp/corpInformation.aspx?id=3513333113

You are welcome to ask me if you have any further questions.

Headquarter building of UC Asset is a historic landmark. Please don't be fooled by its appearance. For more information about this famous Rufus Rose House, please search UC Asset's news releases about it, or you may google "Rufus Rose House" online.

Hello, the building in your picture is the famous Rufus Rose House. It is a historic landmark, registered with the US Government as a historic heritage building. UC Asset acquired this property for $1.65 million in 2020. The building sits in downtown Atlanta and is only one block from the tallest building of the city, the Bank of America tower.

Please don't judge a book by its cover. The building looks like abandoned but it is under renovation at this moment. UC Asset has made several news releases about this building. Here are two of them:

This news releases announced the start of its renovation:
https://www.otcmarkets.com/stock/UCASU/news/UC-Asset-receives-building-permit-to-renovate-legendary-landmark-Rufus-Rose-House?id=383825

This news releases included discussion on the real value of the building:
https://www.otcmarkets.com/stock/UCASU/news/UCASU-refutes-rumors-of-selling-historic-landmark-and-asserts-plan-of-renovating-it-into-Atlantas-Empire-State-Building?id=372508

UC Asset rated “Buy” with target price at $4

https://www.hillsresearch.com/wp-content/uploads/2023/04/UCASU-Initiation-C.pdf

Great news from UC Asset today:
https://finance.yahoo.com/news/uc-asset-closed-first-acquisition-135700237.html

Good news

Hi ThoroughBread, I am hired by the company. According to its filings, UCASU doesn't provide stock compensation to any of its employees.

The issued and outstanding shares of the company are actually decreasing, see the news release of today (last paragraph):

https://finance.yahoo.com/news/ucasu-jump-starts-plan-nasdaq-155928006.html

UCASU to Acquire 10,000 Sqft Cannabis Property and Build 5,000 Sqft More

https://www.globenewswire.com/news-release/2023/01/12/2588060/0/en/UCASU-to-Acquire-10-000-Sqft-Cannabis-Property-and-Build-5-000-Sqft-More.html

(Atlanta, 01/12/2023) UC Asset LP (OTCQB: UCASU) announces today that the company has entered a MOU with a third party, to acquire a 10,000 square foot cannabis cultivation property in the State of Oklahoma, through a non-cash acquisition deal. Upon closing of the acquisition, UCASU will invest $1 million to build extra 5,000 square feet of cannabis cultivation facility on the same spot.
After acquisition, the current operator on the property, Fire Ranch Farm, will continue to rent the property from UC Asset. UC Asset expects to monthly rents representing a 14.4% cash on cash annual return.
The lease is locked for 3 years, and monthly rent will increase by 5% every 24 months after the first 3 years.
The non-cash acquisition will be closed through the issuance of 2.5 million preferred shares of UC Asset to the current property owner. Those preferred shares will have a fixed conversion rate of 1:1, which means that one preferred share may be converted into one common share, and one common share only, when conversion will be allowed in the future.
Holder of the preferred shares will receive no dividends from UC Asset, unless those preferred shares are converted into common shares. Meanwhile, common share holders will continue to receive cash dividends from the company, shall the company decide to distribute any.
“We are very grateful to be able to work with a cannabis property owner, who firmly believes in the future of our company and is willing to trade near-term cash revenue for long-term equity return,” says Greg Bankston, managing general partner of UC Asset. “That’s why he agrees to contribute his property to us for equity ownership, seeking neither cash payment nor cash dividend.”
“In return, our company has committed to invest $1 million in the first 12 months, and will commit much more than that amount, to continuously expand the acquired cannabis property, and to acquire and build more cannabis properties. Our goal is to become one of the largest cannabis property owners in the State of Oklahoma,” declares Bankston.
The 10,000 square foot cannabis property, according to Bankston, is built to the state-of-art standard, with computerized and automatized environment control, and has the capacity to host full cycle cannabis production from creating clones/genetics to extracting cannabinoids.
“This will be our first cannabis property, and it is our one and only selection after screening numerous opportunities in the past 15 months,” says Larry Wu, founder of UC Asset. “Since we announced our intention to invest in cannabis property in October 2021, our team have made hundreds of phone calls to potential sellers, screened tens of opportunities, and conducted research in 5 different states, including Colorado, California and New York. That is why we are so confident in our final choice. We believe Oklahoma is the future for cannabis cultivation, and our investment in the Sooner State will lead us to great success, sooner than later,” asserts Wu.


About UC Asset LP

UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies. For more information about UC Asset, please visit: www.ucasset.com

Disclaimer:

This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.


For More Information Contact: IR@UCasset.com

We are grateful that potential investors are reacting to our most recent news. We will be happy to answer any specific questions you may have. For the reason of compliance, we will not make any comments on our share price, nor will we disclose any information that are not already disclosed publicly.

We are happy to inform you that we are a company of positive cash flow, and have distributed cash dividends 2 times in the past 5 years. We just distributed $0.10 per share cash dividend in 2022. The management aims at over $1 million gross profit in 2023 and may distribute more cash dividend in the coming years.

Hi this is the official PR account of UC Asset. We are grateful that you've paid attention to our company. Shall you have any specific questions, we'll be happy to answer them.

Hi this is the official PR account of UC Asset. We are grateful that you've paid attention to our company. Shall you have any specific questions, we'll be happy to answer them.

UCASU drops public offering plan and focuses on profit growth after $0.12 per share net income
Press Release | 07/29/2022
Atlanta, July 29, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX: UCASU) announces today that the company will adjust its business strategy for the next 12 months, focusing on cash income and profit growth, instead of capital formation.

UC Asset announced that it was seeking for an up-list to NYSE American or NASDAQ Small Cap, combined with a secondary public offering of approximately $10-30 million. The company confirms today that it is no longer the primary business goal for the next 12 months.

“After engaging with a number of investment bankers who are probably the best expertise in the small-cap market, we have concluded that, under the current macro economy and capital market situation, it is NOT in our best interest to raise a large amount of capital in the next few months,” says Larry Wu, founder of UC Asset. “Instead, we will focus our efforts on creating a recession-proof portfolio, maintaining a strong cash position, generating more cash income and growing our profit margins.”

Further, the company is considering a down-listing from its current quoted market OTCQX, which the OTC Group promotes as the “best market” of OTC markets.

“From the incorporation of our company, our goal has always been to build a billion-dollar business and list us on a major exchange such as NYSE or NASDAQ, and we always perceive OTCQX as a transit stop to our final destination,” says Wu. “If we are not moving up to a major exchange any time soon, it may NOT be financially savvy to continue bearing all the direct and indirect cost of using OTCQX quoting service.”

Meanwhile, the company’s business operation may get improved, and its profit margin may increase, once more managerial resources will be shifted from capital formation and back to operation management.

Greg Bankston, managing partner of UC Asset, reconfirms that the company is on the track to build a creative portfolio, of which cannabis properties will be the primary growing point.

“Cannabis properties are doing well at this moment, averagely yielding ROI almost twice of other commercial properties. And the best part is that they are recession-proof, i.e., they will perform as well, and perhaps even better, if US economy will experience a recession as many economists have predicted,” claims Bankston.

For the fiscal year of 2021, UC Asset reported a $0.12 per share net income, which represented a 330% net profit growth over the previous year. Operating profit, for the same period, reported a 73% growth over the previous year.

Hi thanks for your comments. We have announced two LOIs to acquire either one or both of cannabis properties in Oklahoma, and will lease these properties to licensed growers. We expect to close the acquisition pretty soon. Please follow our news releases....BTW it's not 3-4 yrs. We announced our cannabis investment strategy 4 months ago and has been moving on full speed since then.

LOL anybody has any questions?

Hi a news release was out right after you asked for it LOL.

Hi this is official UC Asset account. We'd like to answer your questions about our company, particularly about our disruptive and exciting new business model SHOC(Shared Home Office Cluster)!