Universal Property Development Corporation (fka UPDV)

[Buell]

I don’t agree your stating the 2006 numbers

(3,964,367) (85,783)

Yes they lost cash that year. It would look to me like they bought some hardware because I start to see asset deprecation however we only have 06 & 07 I need 05 to verify. What killed the CFUL was the 92mil dept write down


CFUL Geer
For the Nine
Months Ended
September 30,
2007

NET INCOME (LOSS) AFTER MINORITY INTEREST (91,292,339)

After the 91mil write down we should see cful start to move (big pill to sallow though)