Ultimate Franchise Systems, Inc. (ULFS)

[janice shell]

I'm one of a few hundred people who were scammed out of money for shares restricted under the Pink sheet rules. I have not been able to have them changed to free shares and subsequently price has bottomed.

Unfortunately, the SEC won't intervene in Rule 144 disputes. It seems unfair, but if they did that, it would take up a lot of their time, because they'd have to go to court. That is also an option for you, though I doubt it'd be worth it.

I have just had someone saying they are from a company instructed to pay compensation.

What did that person say specifically? if someone is bringing a class action, then participating in it should be free. Be wary if anyone asks you to pay some kind of fee, or make a "donation".