Ultra Motorcycle Company (fka UMCC)

[MMMARY]

positives from 10K

They increased their number of total dealers from 80 to 90 something. They did not state how many were active though. This is still down from over 100 in 1999.

I personally don't see much positive in the report. Everything is overshadowed by the fact that the bank has called their note due. As FNV is in bankruptcy, they would love to sell the note for pennies to someone else. The only problem is who would buy it as ultra really has nothing of value. They basically lose money building bikes.

How come everyone knows I'm the new chairman but nobody has notified me?