Universal Property Development Corporation (fka UPDV)

[why_meil]

Thanks itsonlymuni. You are 100% correct. I stand corrected. Missed that 10Q somehow, sorry about that.

But what still concerns me is if you go back to look at that May 8K (copy/paste below), doesn't it look like they were waiting for the same approval from the SEC like they still are today?

"... The company will file such amendments as soon as their responses to the SEC comments have been approved by the SEC and the Company completes its analysis and its independent registered accountant completes its review procedures and audit work with respect to the Form 10-KSB..."

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=5924831-1179-9295&type=sect&TabIndex=2&companyid=4786&ppu=%252fdefault.aspx%253fcik%253d923771

The way it's worded, one would assume that UPDA already responded to the SEC back then and were waiting for the SEC to get back to them. My question is this; why are they still waiting for the SEC's approval? What's taking the SEC so long? It's been 4 months already. UPDV doesn't have the luxury of time on it's side any longer. They need the SEC's stamp of approval ASAP in my opinion.

Since that May 8K, the positives are that it appears that UPDV has completed their analysis and the accountant has completed their review and audits, but the only negative is that they're still waiting for the SEC to sign off on their adjustments.

Maybe that May 8K wasn't worded right so I'm interpreting all this wrong. It could be that back in May, UPDV hadn't even submitted a response to the SEC but were anticipating to do so, and if that's the case that would explain a lot.

Comments welcome and appreciated.