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[Potse]

UPRD(.05)...shell.....

8.1M shares outstanding
50+% of the shell owned by Albert Zlotnick (87 years old)

I accumulated a position in the UPRD shell last week at 4 cents. This is an extremely high risk type of shell because the last SEC filing was in 2002, and no 15-12G filing has been made. So obviously there is a considerable risk of the registration getting revoked.

Aside from the possibility of a RM in the works (see UPRD message board), the shell is fairly attractive from a structural standpoint. As far as I can tell from the last filing, UPRD should be relatively clean and not saddled with the kind of baggage you might find with shells in a similiar situation.