Universal Property Development Corporation (fka UPDV)

[Buell]

Conversation with UPDA (Q2)

Talking with UPDA today, they don't believe the Q2 report will be a great one, as all the positive things about spinning off CFUL and acquiring Heartland (new wells coming on line, etc.) happened April 1st, and this report covers until Mar. 31.

He said we should see a better report in Q3, in November.

He said there is no reason for the stock to be down as low as it is. The company is doing well for a company 2 years in business, but they believe it’s is all the day traders attacking the stock.

Restricted stock is tradable July 31th 2008

End.

What a great stock to be long in!!!!! It’s incredibly hard for companies to come this close to being profitable in two years.