You're pretty optimistic. In my opinilon it'll be back to trip zeros (i.e., $0.000X) within a few months, barring another reverse split that is.
Agree with you too that the PR regarding Dubai money was a bunch of BS. UPDA/UPDVE/UPDV always did have a way of dangling carrots before the common shareholders noses.
Still, BS or no BS, money can still be made TRADING this pig, so take profits while you can. And congratulations to those who have been doing that. That's being smart! But with that said, I wouldn't recommend HOLDING this long term in hopes of it ever amounting to anything. The history of this company doesn't lie.
This company likes to keep changing names and stock symbols too (to make their history and stock prices more difficult to follow in my opinion).
Company name history:
1982: Incorporated as Tahoe Lake Concessions
Aug 1983: Name changed to BAOA, Inc.
Nov 2000: Name changed to Call Solutions
Nov 2003: Name changed to Procore Group
Jun 2005: Name changed to Universal Property Development & Acquisition
Stock split history:
Nov 2003: Reverse split, 1 new share for 76 old shares
Jun 2005: Reverse split, 1 new share for 100 old shares
May 2008: Reverse split, 1 new share for 10 old shares
To help you visualize the effects of these reverse splits:
... if you held 7,600,000 shares since October 2003, today you would own only 100 shares. Today UPDV closed at a price of $0.0043 per share. That would be a split adjusted price of $326.80 per share back in Nov 2003 ($0.0043 multiplied by 76, then multiplied by 100, then multiplied by 10 ... or simply $0.0043 multiplied by 76,000).
That's some serious dilution, but the worst part is ... they're not done diluting. How else are they going to pay the bills without positive net earnings?
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