Universal Power Industry Corp (UPIN)

[NewJerichoMan]

Unregistered shares by definition are unregistered. If you witnessed the selloff of the 2 big runs circa 2020/21, they were pretty vicious. FWIW, "unregistered shares" is the talk of crazy men. It's rare and I certainly can't prove it. Easy to dismiss my rhetoric as just another internet wacko.

If indeed that is what happened, it must've been the Steve Buscemi-looking lawyer that cooked it up. That sort of financial engineering is way beyond anything Tony or Rex could pull off. They can't even master Google Docs.

Since late 2019, they haven't had an expense figure for the "Miscellaneous" expense. But they kept the line item. The result: 14 line items but only 13 numbers. Lol.

Lots of companies don't break out 4th quarter numbers but they almost always add up when one backs out the other 3 quarters. Not with UPIN. Lot of their 4th quarter line items impute negative numbers for items like revenues, G&A expenses, office costs, and total expenses. They lack the simple sophistication to even make up plausible fake numbers.