Universal Property Development Corporation (fka UPDV)

[Ericus]

Very interesting audit...
"This unaudited pro forma information"
What do we learn ?
1. The acquisition of Geer trucks by CFUL was a manner to acquire the cash postion of Geer trucks....
2. Total liabilities match the total assets by a small margin. Only a meagre $301.000 stockholders equity.
TOTAL STOCKHOLDERS' EQUITY

301,387

3. Some parties here have seen this audit long before we do. That explains the reason why CFUL has declined so much during the past weeks.

Conclusion:
CFUL is a marginal company,
Geer trucks has a lot of debt and is marginal too.
The decline in CFUL is completely justified.

The audit gives us also the opportunity to see how weak the fundamentals of CFUL really are. Look at the bottomline:
NET LOSS AFTER MINORITY INTEREST
(3,964,367)
(85,783)
(46,191)
(4,096,341)


Basic and diluted net loss per weighted-average shares common stock
$
(3.82)
$
(3.95)

When investing in UPDA, look first at the balances of the subsidiaries. And you know how these balances are evolving by looking at the stockprice.
It's pure madness to buy UPDA when you see that HTOG and CFUL are declining at the same time.
Maybe, that's why the stocklisting of these subsidiaries is still interesting. Because it gives us the possibility to see what really happens to the company.
So... FORGET the PR's and look what CFUL and HTOG are doing on the market. That's the only parameter we have to judge and control the developments of UPDA.

I think that the company will delist HTOG and CFUL. Too obvious to see how the emperor has no clothes ..

And then we're blinded.