UDSG filed a Form 15 (suspension of duty to file reports) on 21 MAY07. They also filed an unaudited interim financial report on 24MAY07 that shows a net loss of 1.3 million for the first 10 months of 2006. You can find this info at pinksheets.com. That may partially explain why the pps is not moving.
Also, the stock has been heavily promoted by numerous tout sheets since June of this year. They may be diluting to raise cash.
On the plus side, I did a reverse phone and address check on the company. The phone number is legit and the office address lists several other businesses in the same building (not a virtual office, imo). I did some limited searches on the company executives and found no dirt.
One other thing. I went to the Subway website and checked out the stores that delivered. They all had their own numbers. I couldn't find the UDSG number.
My conclusion is that the company is not yet generating enough revenue to pay expenses. They may be selling shares to cover the shortfall. This is just my opinion.
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