UnderSea Recovery Corporation (UNDR)

[Emily1212]

Company had a relationship with Raymond Madero who is a very wealthy man and they know a lot about him, his businesses, and they are very confident they will be able to collect the default judgment in a short amount of time. Madero never responded to this lawsuit because he knew he was in the wrong and no response for 27 months means the judge will definitely rule in the company’s favor.

$10m breech of contract + accrued interest + accumulated attorney fees + miscellaneous expenses will be the amount of the default judgment. The judge said the interest rate per the original lawsuit filing will be used instead of the rate used in the default judgment unless the company filed an amendment to the original lawsuit (and notify Madero which would have delayed the process so the company accepted the rate originally filed).

I believe the stock will continue to get accumulated this week and should have an increase by the end of the week. Next week, Wednesday the 14th, is when the judge will rule and I expect the stock price to be at least in the .008-.01 range like it was before... hopefully higher.

Once the default judgment is awarded, the company will not need to wait to collect the funds from Madero before proceeding with bringing the financials up-to-date and get the company operations moving again. Caribbean countries have suffered extensive losses to their tourism business and are excited to have the opportunity to share revenues from treasure discoveries. Shipping companies have also suffered and will want to be a part of the company’s activities.

The pieces are there ready to be put together and Herbert Leeming has waited a long time to make Undersea Recovery Corp a success. $13-$14m will jumpstart this process greatly.