Upda .18

[chinaman711]

Looking good and it sure is due for a run

[Mad Girl Investor]

you beat me to the post...what do you think it needs to break today to indicate its a run for .40 in near future?

[Prodigy]

I don't think UPDA is gonna run significantly until we see solid earnings. Lot's of potential here, but I've been watching and playin' this one for a while now and it seems we need solid earnings for this one to run significantly, IMHO. It's definitely due for a run, no doubt about it.

Prod

[Mad Girl Investor]

do you know if they have a q1 coming out soon?

[Prodigy]

do you know if they have a q1 coming out soon?

I would hope so.

[chinaman711]

Its a good l/t play imo but if traders jump on it then it will have a nice run just like last time. The news this morning was good for the l/t so we need traders to jump on it otherwise it will be a slow play for the l/t imo .185 still looking good

[Prodigy]

Its a good l/t play imo but if traders jump on it then it will have a nice run just like last time. The news this morning was good for the l/t so we need traders to jump on it otherwise it will be a slow play for the l/t imo .185 still looking good

I agree bro and the annoying thing is, UPDA will pop a few cents on nice volume, then come right back down.

Prod

[chinaman711]

Yep thats been the pattern. Today the action is in the metals and KLUCQ

[chinaman711]

UPDA stuck at .185 reminds me alot of pogi before it had its 2nd run.

[Mad Girl Investor]

Just read elsewhere that Q1 for upda comes out tomorrow. Any way to verify?

[computeraces]

Some news... http://biz.yahoo.com/bw/060516/20060516005746.html?.v=1

Still upda is pretty low.

[Mad Girl Investor]

their news doesnt mean diddly anymore. The only news that will move this thing is good financials. Which were due yesterday..and didnt come. groan...

[Pierre]

their news doesnt mean diddly anymore. The only news that will move this thing is good financials. Which were due yesterday..and didnt come. groan...

Hey Peaches, I'm back in @ .14ish, we'll see what happens tomorrow...
Where ya been? Pierre misses his scrumptious fruits...
Good luck to all!

[Mad Girl Investor]

Peaches is just a mere figment of your memory,,,she's not allowed here anymore :(

Im frustrated with upda....it needs to get poop or get upda' pot!

[chinaman711]

UPDA at least it is up in this ugly market .16 up .013 thats better then my cvx : (

[Mad Girl Investor]

.164..on relatively low volume (800K) they must not be diulting today. Where is their 8k?

[istrokedmine]

wtf?????? down to .115 this one hurts!

[MrWilson]

wtf?????? down to .115 this one hurts!

Just when you think this one has reached it's low...
I agree with mad girl only earnings will turn this around or take it down.

[istrokedmine]

when are the earnings comming out?

[Tooty]

It is looking like a buy being that low. Will she continue to fall or IMO a pop is ready to happen. Pretty cheap right now, but I'll stay out and just watch. Unsettled funds ya know. GL PPL

[computeraces]

NEWS - http://biz.yahoo.com/bw/060522/20060522005981.html?.v=1

From my first reading... it looks like good numbers.

Is there any "hidden" bad news in there?

[computeraces]

It looks like it's moving back up since this news came out. (or less down - depending on how you look at it)

[computeraces]

It went up right after the above news... then, went back down. Here's some more news out...

http://biz.yahoo.com/e/060522/upda.ob10qsb.html

[Mad Girl Investor]

Guys...this F**** company is diluting shares like crazy. That means they are selling their own shares to raise money cus they are an upstart with no positive cash flow and minimal rev's.

I bought this cus people here pumped it, and I didnt do crap for DD. My mistake.They continually sell new shares almost every trading day. That puts too mnay shares on the market and pps doesnt move up.

I read on another board about the sick dilution and bull-crap the company puts out. I hate to give bad news, esp since iM down alot, but it broke a good support of .14 here today, and does not look good. Sell any small rally it might have. I plan to.

[Pinguin]

For those of you too lazy to find the 10-Q

UPDA Board Summarizes Its Financial and Operational Results of the First Quarter - Company Files SEC Form 10-QSB
Today Universal Property Development and Acquisition Corporation (OTCBB:UPDA) filed its 10-QSB for the first quarter of 2006 and the Board of Directors is pleased to announce that the company continues to thrive on all fronts.

On the financial side, our revenues tripled over the last quarter and our assets increased by more than 40%. Our liabilities decreased by one third and our shareholders equity almost doubled since the beginning of the year.

Our revenues increased by more than 300% from $29,000 in the 4th quarter of 2005 to $106,000 in the 1st quarter of 2006. We have expanded our assets from $3.0 million to $4.3 million and at the same time decreased our liabilities to $392,000 from $650,000. In addition, shareholders' value increased by $1.6 million and our losses narrowed to approximately $475,000 from approximately $5,300,000 compared with the same period a year ago.

On the operational side, UPDA continues to expand and to prove itself a factor in the energy industry. Subsequent to the last quarter, we expanded our Oil and Gas holdings by forming a new subsidiary known as Texas Energy ("TEI"). TEI was initially started with 17 wells but, with the addition of the Catlin Oil and Gas Field, TEI increased its holdings to 82 wells. The creation of TEI doubled UPDA's Oil and Gas properties to over 6,000 acres and over 150 wells. Revenues from TEI started this month and it will be reflected in the 2nd Quarter of 2006.

Year to date we have also formed TEI Pipelines, UPDA Trading and UPDA Operators. TEI Pipelines will gather and transport natural gas that is produced on our leases as well as other leases in Jack County, TX. We are confident that this subsidiary will be very profitable and will contribute revenues in the 2nd quarter of this year. As a result of the Catlin acquisition we now own 12 miles of pipeline and over 70 miles of gathering systems. Recently we announced that we entered into a contract to acquire another pipeline which consist of approximately 18 miles of pipeline and over 80 miles of gathering systems. This acquisition is set to close on July 1st, 2006.

UPDA Trading was formed to engage in the trading of petroleum condensate from Mexico and also to hedge our production. We agreed to acquire storage facilities in the Port of Brownsville, Texas and we have complied with the regulations and requirements of US Customs, The Department of Homeland Security, The Brownsville Port Authority and EPA. We opened bank accounts with International Bank in McAllen, Texas to facilitate the transaction, and we received a corporate offer and are in the final stages of arranging logistics of the first shipment of this condensate.

UPDA Operators was formed to operate the wells of our various revenue generating subsidiaries, including TEI, TEI Pipelines and Canyon Creek Oil and Gas, Inc. ("CCOG"). This step was extremely important to control and protect our company's assets and maximize their production. State laws requires operators to carry appropriate bonding and insurances, and also gives the operators power over the owners of the mineral leases. Therefore, we feel it is prudent for us to have our own operating company and we structured the company accordingly.

UPDA continues to grow and as we look forward to the remainder of this quarter and into the next quarter and beyond, we feel the need more than ever to create our own well servicing company. In fact, UPDA is in the process of creating such a company, the function of which will be to perform the workover, repairs and regular maintenance of all the UPDA properties.

We also continue to refine the organization of our subsidiaries and implement internal controls to comply with all applicable laws and regulations, control costs and maximize revenues. This quarter we will unify and integrate all the accounting systems of our subsidiaries with the accounting systems of the parent company. We will improve our web site to provide more content and we will expand our investor relations division to meet the growing demand for real time information about our operations.

Also in this quarter, we will add a Geologist and a Petroleum Engineer to UPDA's top management. These oil and gas professionals will assist and advise the management on current operations as well as future acquisitions and they will work with various independent engineers to develop certified reserve reports for our subsidiaries.

The Board and the management of UPDA will continue to expand and improve the company. We are excited to see and pursue the continued growth of our company and will regularly report to our shareholders on the progress and successes of UPDA.

Please visit UPDA on its website at www.univeralpropertydevelopment.com.

About UPDA

Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.

Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.


Universal Property Development and Acquisition
Corporation
Bradford Moore, 561-630-2977 (Investor Relations)
info@updac.com



Source: Business Wire (May 22, 2006 - 12:46 PM EDT)

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www.quotemedia.com

[englishman26]

I'm very lazy. I appreciate it! ;)

[computeraces]

That's the same thing I posted the link to on the top of this page.