I saw on AMEP's RB board, where someone posted that UPDA moves up strongly on 66 million shares traded today with an announcement. This puts the valuation of UPDA around AMEP, at today's closing price, which is ridiculous. AMEP is head and shoulders over this company, if only it will show itself.
This UPDA move could be a pump & dump scheme, you never know. They are great at manufacturing shares. I use to own a little of UPDA and I lost a few bucks. There is no comparison between these two opportunities.
I would hope AMEP follows up with a release soon showing some numbers. This assumption is based on the recent announcement of "production early next week." If UPDA can trade 66 million shares up to the $.106 range, what could we do with a powerful announcement, followed up closely by news on any of the other 4 wells?
