the truth about the palo pinto acq.
The total sales price for the Palo Pinto acquisition ("Sales Price") is $4,800,000. The sales price includes $3,600,000 and 12,500,000 restricted shares of common stock, par value $.001 per share, of UPDA plus 4,000,000 restricted shares of common stock par value $.001 per share of Heartland. The number of shares of UPDA common stock and the number of shares of Heartland common stock will be adjusted as of the date of closing to reflect a total payment of $800,000 in UPDA common stock and $400,000 in HOGC common stock. The sales price may be adjusted based on gas imbalances and oil in storage. As of August 20, 2007, the 12,500,000 shares of UPDA common stock were issued to the sellers.
why is UPDA releasing such false/misleading PRs ?
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