Uppersolution.Com (OTCMKTS: URSL) is ranging above 15% for the day and over the last five days the stock has doubled. At the open on May 21st, the stock was trading at $0.82 and now it is sitting comfortably above $2.00. So, the big question is, where did this outburst come from?
URSL did not release any recent news items besides for a 10-q in April. There is nothing outstanding in the 10-q that would lead shareholders to want to rush out and buy URSL. The company is mainly known for their IOS and Android apps. URSL’s main subsidiary has over 200 apps across these two app stores. The apps insert emojis or Anime characters over the viewers face or even add a mustache to their face. These apps are not the most profitable operation as can be seen in the 10-q.
Uppersolution.Com (OTCMKTS: URSL) was incorporated in the State of Nevada on April 20, 2013 with the principal business objective of creating an independent and unbiased mobile app that enables consumers to find the best cellular rate plan for their need and getting real-time notifications when a new cellular plan is available.
On January 10, 2018, our company, Analog Nest Technologies, Inc. and the shareholders of Analog closed a transaction pursuant a share exchange agreement dated January 10, 2018, whereby our company acquired 100% of the outstanding shares of common stock of Analog Nest from the Analog Nest Shareholders. In exchange for the Analog Nest Stock our company issued 100,000 shares of our common stock to the Analog Nest Shareholders.
Analog Nest was incorporated in the State of Nevada on September 8, 2017 as a mobile application company focused on utility/entertainment apps for Google’s Android and Apple’s iOS platforms. In December 2017, Analog Nest acquired the following apps: Old Fart Booth, Old Fart Booth Pro, Ugly Face Booth, Ugly Santa Booth, Baldy – Bald Photo Booth, Fatty – Make Funny Fat Faces, Slender Man Scary Prank, Anime Booth, Anime Booth Free, Minecart Mayhem, Pimp My Pet, Pimp My Dog, Cavity Detector – Scary Prank, Mustacher, Alex From Target, A Farm Animal Salon, Mustacher Pro, Pimp My Cat, and Animal Dress Up Salon.
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On the financial side, URSL has incurred net losses since inception on April 20, 2013 through February 28, 2018 totaling $107,756 and has negative working capital at February 28, 2018. Revenues totaled $5,834 for the three months ended February 28, 2018, an increase of $5,834 compared to 2017. The increase was primarily a result of revenues from mobile application sales.
Here is an excerpt from the concerns in the 10-q: “The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the Business paragraph and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern.”
Furthermore, the OTC has issued a shell warning on URSL based on the information available on the company.
So, in short, URSL is a company that we are not sure about and would stay away from until more information comes out as a pump might be behind this random jump in price.
Uppersolution.Com (OTCMKTS: URSL) has a market cap of $31.71M and a float of 2.6M. We are watching this one closely and expect more information to come out soon, but are suspicious of the action here until further notice. Sign-up for continuing coverage on shares of $URSL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $URSL, either long or short, and we have not been compensated for this article.