UPGD 'Smart Card' potential $2.4 Billion World Wide Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : UPGD 'Smart Card' potential $2.4 Billion World Wide

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ameuro who wrote (192)	4/7/2000 8:12:00 PM
From: jjs64	Read Replies (1) of 203

Well, the class actions are appearing because the PR is just plain BS, and the lawyers believe they have a case. I agree. As for buying the company to become fully reporting, what they really did was this: 1. UPGD has no filings, and missed their own targets for filing. 2. SEC deadline is coming up. 3. Realizing that they cannot meet the deadline, or do not want to divulge the information, they find a small shell company that is reporting. 4. They reverse merge with the shell company, meaning that the reporting company is the survivor, and the reporting company's 10K for 1999 ia the only form needed for submission. 5. Since the reverse-acquisition occurred after 12/31/99, there need be no disclosure of UPGD's true situation until 3/31/01. This STINKS of UPGD hiding things from the investing public. I suggest you read the exellent Barrons article on UPGD, and'go to www.bloomberg.com and read David Evan's great articles on UPGD too. You'll learn the TRUTH about this OTCBB Reverse Merger POS. Buyer Beware!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next