UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

Amendment Number 2

[X] Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934

FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2008

[ ] Transition report under Section 13 or 15(d) of the Exchange Act

For the transition period from __________ to __________

Commission File Number 0-131224

Dynamic Natural Resources, Inc.

(Exact Name of Small Business Issuer as Specified in Its Charter)

NEVADA	20-4028175
(State or Other Jurisdiction of Incorporation or Organization)	(IRS Employer Identification No.)

78 South Street Suite 202

Wrentham, MA 02093

(Address of Principal Executive Offices)

(508) 463 6290

(Issuer's Telephone Number, Including Area Code)

N/A

(Former Name, Former Address and Former Fiscal Year, If changed since Last Report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ] Accelerated filer [ ]

Non-accelerated filer [ ] (Do not check if a smaller reporting company) Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

As of June 30, 2008 there were outstanding 3,084,034 shares of common stock, par value $0.001, and no shares of preferred stock.

The Registrant, Dynamic Natural Resources Inc., amended the second quarter filing for 2008 to reflect the correct use of form 10Q rather than the previously submitted 10QSB. The amendment also noted a submission of matters to shareholders see item 4.

Dynamic Natural Resources, Inc.

FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2008

TABLE OF CONTENTS

PART I
Item 1. Financial Statements
Balance Sheets as of June 30, 2008 and December 31, 2007	F-2
Statements of Operations for the Three and Six Months Ended June 30, 2008 and 2007	F-3
Statements of Cash Flows for the Six Months Ended June 30, 2008 and 2007	F-4
Notes to Financial Statements	F-5
Item 2. Management’s Discussion and Analysis or Plan of Operation	1
Item 3. Controls and procedures	3
PART II
Item 1. Legal Proceedings	4
Item 2. Unregistered Sale of Equity Securities and Use of Proceeds	4
Item 3. Defaults Upon Senior Securities	4
Item 4. Submission of Matters to a Vote of Security Holders	4
Item 5. Other Information	4
Item 6. Exhibits	5

Page F-1

Dynamic Natural Resources, Inc. Balance Sheet June 30, 2008 and December 31, 2007
	2008	2007
ASSETS
Current Assets:
Cash	$2,897	$31
Accounts receivable	19,544	-
Note Receivable - Related Party	-	3,880
Other Current Assets	600	905
Total Current Assets	23,041	4,816

Property and Equipment, net	5,585	8,998


Other Assets:
Oil and gas Properties	315,524	337,707
Total other assets	315,524	337,707

Total Assets	$344,150	$351,521


LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$4,073	$12,169
Loan from officer	6,000	-
Total Current Liabilities	10,073	12,169

Long term Liabilities
Notes Payable	12,916	12,604
Total Liabilities	22,989	24,773

Stockholders' Equity:
Common stock at $0.001 par value; 10,000,000 shares authorized; issued and outstanding: June 30, 2008 - 3,084,034 shares; December 31, 2007 – 26,497,000 Shares - Note F	3,084	2,649
Additional paid-in capital	956,716	932,850
Accumulated deficit	(638,639)	(608,751)
Stockholders’ Equity	321,161	326,748

Total Liabilities and Stockholders' Equity	$344,150	$351,521

See accompanying notes

See Page F-2

Dynamic Natural Resources, Inc.
Statement of Operations
For the Three and Six Months Ended June 30, 2008 and 2007
	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2008	2007	2008	2007

Revenue	$21,269	$1,164	$21,249	$1,164
Cost of Revenue	-	26,900	-	26,900
Gross Profit	21,269	(25,736)	21,249	(25,736)

Operating Expenses:
General and Administrative	22,206	3,694	40,677	7,517
Professional Fees	5,919	690	11,012	3,457
Miscellaneous Expense	-	-		526
Total Operating Expenses	28,125	4,384	51,689	11,500

Other Income (Expense):	534	(365,953)	554	(365,833)

Net Income (Loss)	($6,322)	($396,073)	($29,886)	($403,089)

Basic and diluted loss per share	($0.00)	($0.02)	($0.01)	($0.02)

Weighted average number of common shares outstanding	3,084,034	25,076,667	3,084,034	24,993,334

See accompanying notes

Page F-3

Dynamic Natural Resources, Inc.

STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2008 AND 2007

	2008	2007
Net loss	($29,886)	($403,089)
Adjustments to reconcile net loss to net cash flows from operating activities:	-
Depreciation	673	-
Changes in operating assets and liabilities:	(41,584)
Notes Receiveable, Related Party	-	19,531
Prepaid and other assets	305	-
Total adjustments	(40,606)	19,531

Net cash flows from operating activities	(70,492)	(388,558)

Cash Flows From Investing Activities
Purchases of property and equipment	2,741	-
Purchase and/or investment in oil and gas properties	(22,183)	345,596
Net cash flows from investing activities	(19,442)	345,596

Cash Flows From Financing Activities
Proceeds from sale of stock and working interests	86,800	100,000
Proceeds from shareholder loans	6,000	-
Net cash provided by financing activities	92,800	100,000

Net Change in Cash	2,866	62,038

Cash, Beginning of the Period	31	44,149

Cash, End of the Period	$2,897	$106,187

See accompanying notes

Page F-4

See accompanying notes to these financial statements.

DYNAMIC NATURAL RESOURCES, INC.

NOTES TO FINANCIAL STATEMETS

FOR THE SIX MONTHS ENDED JUNE 30, 2008

Note A - Nature of Operations and Basis of Presentation

Nature of Operations

Dynamic Natural Resources, Inc. was incorporated in the State of Nevada on November 29, 2005. Formerly Value Consulting, Inc., the Company changed its name to Dynamic Natural Resources in September, 2007. Dynamic Natural Resources was created to pursue an interest in the burgeoning oil and gas market. Dynamic Natural Resources Inc. is pursuing oil producing assets in the Illinois basin.

Our principal executive office is located at 78 South Street Wrentham, Ma 02093, and our telephone number is 508 463 6290. We currently have two employees, both officers of the Company, and work primarily through independent contractors to operate and manage our lease interests. Our common stock is traded on the OTCBB under the ticker symbol “DYNI”. Our website address is www.dynamicnaturalresources.com.

Certain terms that are commonly used in the oil and gas industry, including terms that define our rights and obligations with respect to our properties, are defined in the “Glossary of Certain Oil and Gas Terms” of this Form 10-Q.

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions incorporated in Regulation S-B, Item 310(b) of the Securities and Exchange Commission. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. The financial statements are unaudited, but in the opinion of management, all adjustments (consisting of normal recurring adjustments and accruals) considered necessary for a fair presentation of the Company's financial position, results of operations and cash flows for the six months ended June 30, 2008 have been included.

These statements are not necessarily indicative of the results to be expected for the full fiscal year. These statements should be read in conjunction with the financial statements and notes thereto included in the Company's Form 10-KSB for the year ended December 31, 2007 as filed with the Securities and Exchange Commission.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Page F-5

Accounts Receivable

The Company’s trade accounts receivable result from the sale of its services, The Company uses the allowance method to account for uncollectible accounts. Bad debt expense for the six months ended June 30 200 and 2008 was $0.

Concentration of Credit Risk

The Companys’ trade accounts receivable result from the sale of oil and gas to customers. In order to minimize the risk of loss from these companies, credit limits, ongoing credit evaluation of its customers, and account monitoring procedures are utilized. Collateral is not generally required. Management analyzes historical bad debt, customer concentrations, customer credit-worthiness, and current economic trends.

The Company is obligated to pay the salaries, wages, related benefit costs, and expenses of its employees and consultants. Accordingly, the Company's ability to collect amounts due from customers could be affected by economic fluctuations in its markets or these industries.

Financial Instruments

Dynamic Natural Resources, Inc. estimates that the fair value of all financial instruments at June 30, 2008 do not differ materially from the aggregate carrying value of its financial instruments recorded in the accompanying balance sheets.

Property and Equipment

Property and equipment are recorded at historical cost and include expenditures, which substantially increase the useful lives of existing property and equipment. Maintenance and repairs are charged to operations when incurred.

Depreciation of property and equipment is computed primarily using the straight-line method based on estimated useful lives (furniture and fixtures, 6 to 7 years, office equipment 5 to 7 years, and computers and software, 3 to 5 years). Depreciation for income tax purposes is computed principally using the straight line method and estimated useful lives.

Oil and Gas Properties

The Company follows the full cost method of accounting for its oil and gas operations. Under this method, costs incurred in the acquisition, exploration and development of oil and gas properties are capitalized in one cost center, including certain internal costs directly associated with such activities. Proceeds from the sale of oil and gas properties are credited to the cost center with no gain or loss recognized unless such sale would significantly alter the relationship between capitalized costs and proved oil and gas reserves.

If capitalized costs, less related accumulated amortization and deferred income taxes, exceed the “full cost ceiling” the excess is expensed in the period such excess occurs. The “full cost ceiling” is determined based on the present value of estimated future net revenues attributable to proved reserves, using current product prices and operating costs at the balance sheet date plus the lower of cost and fair value of unproved properties within the cost center.

Costs of oil and gas properties are amortized using the unit-of-production method based upon estimated proven oil and gas reserves starting when proved reserves have been established. The significant unproven properties are excluded from the costs subject to depletion.

Page F-6

As of June 30, 2008 The Company’s proven reserves were valued at $315,524.

Advertising Cost

Advertising costs, except for costs associated with direct-response advertising, are charged to operations when incurred. The costs of direct-response advertising are capitalized and amortized over the period during which future benefits are expected to be received. The company did not have direct-response advertising costs during the six months ended June 30, 2008 and 2007.

Accounting for Stock-based Compensation

The Companys’ accounts for and reports its stock-based employee compensation arrangements in accordance with the provisions of Financial Accounting Standards NO, 123 (revised 2004) Share-Based Payment (“SFAS No. 123R”) which requires the compensation cost related to share-based payments, such as stock options and employee stock purchase plans, be recognized in the financial statements based on the grant-date fair value of the award. During 2008 or 2007, the company did not grant any stock options which would require a calculation as prescribed by SFAS No. 123R

Income Taxes

Dynamic records its federal and state income tax liability in accordance with Statement of Financial Accounting Standards Statement No. 109 "Accounting for Income Taxes". Deferred taxes are provided for differences between the basis of assets and liabilities for financial statements and income tax purposes, using current tax rates. Deferred tax assets represent the expected benefits from net operating losses carried forward and general business credits that are available to offset future income taxes.

Loss Per Share

Net loss per share is computed based upon the weighted average number of outstanding shares of the Company’s common stock for each period presented.

Note A - Nature of Operations and Basis of Presentation (Continued)

Recent Accounting Pronouncements

In February 2006, the FASB issued SFAS No. 155, Accounting for Certain Hybrid Financial Instruments-an amendment of FASB Statements No. 133 and 140. This statement resolves issues addressed in FAS No. 133 Implementation Issue No. D1, Application of Statement 133 to Beneficial Interest in Securitized Financial Assets. SFAS No. 155: (a) permits fair value remeasurement for any hybrid financial instrument that contains an embedded derivative that otherwise would require bifurcation; (b) clarifies which interest-only strips and principal-only strips are not subject to the requirements of SFAS No. 133; (c) establishes a requirement to evaluate beneficial interests in securitized financial assets to identify interests that are freestanding derivatives or that are hybrid financial instruments that contain an embedded derivative requiring bifurcation; (d) clarifies that concentrations of credit risk in the form of subordination are not embedded derivatives; and, (e) eliminates restrictions on a qualifying special-purpose entity's ability to hold passive derivative financial instruments that pertain to beneficial interests that are or contain a derivative financial instrument. SFAS No. 155 also requires presentation within the financial statements that identifies those hybrid financial instruments for which the fair value election has been applied and information on the income statement impact of the changes in fair value of those instruments.

Page F-7

Company is required to apply SFAS No. 155 to all financial instruments acquired, issued or subject to a remeasurement event beginning January 1, 2007. The Company does not expect the adoption of SFAS No. 155 to have a material impact on the Company's financial statements.

Furthermore, public entities are required to measure liabilities incurred to employees in share-based payment transactions at fair value as well as estimate the number of instruments for which the requisite service is expected to be rendered. Any incremental compensation cost for a modification of the terms or conditions of an award is measured by comparing the fair values before and after the modification. The Company has yet to determine the effect SFAS No. 123R may have on its financial statements, if any.

Note B - Income Taxes

For income tax purposes Dynamic had $6,322 of net operating losses for the three months ended June 30, 2008, which can be used to offset future federal and state taxable income. No income tax benefit has been recorded in the accompanying financial statements since the recoverability of such assets is not reasonably assured through known future revenue sources.

Note C- Related Party Transactions

There are no related party transactions.

Note D - Cash Flow Supplemental Information

Cash paid for interest during the three months ended June 20, 2008 amounted to $204.00.

During the quarter ended June 30, 2008 the company sold working interest shares for $62,500.

Note E - Other Assets

Other Assets consists of oil and gas properties.

Note F - Stockholders’ Equity

Issuance of Common Stock

During the quarter ended June 30, 2008 the company issued 3,370,483 shares. The stock issuance was in accordance with the terms of the company’s stock placements. These shares were issued pre 1 to 10 reverse split outlined below.

On April 1, 2008, the Company entered into a term sheet with Universal Tracking Solutions, Inc. (“UTS”), a Nevada corporation of which the Company holds a 31% stake, to acquire all outstanding shares and to merge UTS with a newly created subsidiary.

The Company issued 40,000,000 shares to shareholders of record as of September 15, 2006. The stock issuance was meant to compensate the affected shareholders for the Company’s announced distribution in September 2006 of its 4,000,000 shares of UTS. The UTS distribution was never consummated. However, the Company will own UTS if the current reverse-merger transaction with UTS is consummated, and the 2006 shareholders will hold an aggregate of 4,000,000 post-reverse split shares in the Company, the same amount of shares that they would have owned in UTS if the distribution had been consummated.

Page F-8

The Company also agreed to effect a 1:10 reverse-split of its common stock. The reverse-split was effected on April 16, 2008, at which time 30,840,340 shares became 3,084,034 shares.

Common Stock Warrants

As of June 30, 2008 there were no stock warrants issued or outstanding.

Note G - Commitments and Contingencies

Operating Leases

Dynamic currently has no lease obligations other than for office rental.

Litigation

As of June 30, 2008, Dynamic did not have any outstanding legal issues outside of the ordinary course of business.

Note H - Subsequent Events

There are no subsequent events at this date.

Page F-9

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Company Strategy

At the present time, we do not plan to finance our oil and gas acquisitions and drilling activities solely through our own resources. Consequently, we identify prospects or production to acquire and drill prospects, and seek other industry investors who are willing to participate in these activities with us. We frequently retain a promotional interest in these prospects, but generally we finance a portion (and sometimes a significant portion) of the acquisition and drilling costs.

The following is a description of our oil and gas exploration and production assets and activities:

The Earhart Lease — In September of 2007 the company acquired a 97% working interest in an oil lease located in Illinois. The lease, called the “Earhardt Lease” is situated on 80 acres of land, located in Edwards County. There are currently 2 wells on the lease. These wells will be put back online by reworking as necessary, and installing pumping units on the existing wells. No production has been generated by the lease to date.

The White Lease — The company acquired a total of 74% working interest in an oil lease located in Illinois. The lease, called the “White Lease” is situated on 40 acres of land, located in Edwards County. There is currently 1 well on the lease. This well was put back online by reworking the well as necessary, and rehabbing the pumping unit. The well produced about 120 barrels of oil when a subsequent problem shut the well down. In the near the well will return to production.

The Kelsey Pierce, School and Weber Leases — In August of 2007 the company acquired working interests in other oil leases located in Illinois. The leases, called the “Kelsey Pierce Lease”, “Weber Lease” and the “School Lease” are in Edwards County. There are currently 7 wells on the leases. Three of the wells have been put back online by reworking the wells as necessary, and rehabbing the pumping units as needed.

The Hinderlighter lease- In December of 2007 the Company acquired 100 percent working interest in the Hinderliter lease. This lease has two wells located on it that were drilled in the early 1990’s. The lease consists of 80 acres located in Edwards County, IL. The operator controls 1/8 carried interest, and the landowner hold 3/16 carried interest. The company has sold 30 percent of it’s interest in the lease for capital.

The Anderson lease- In April of 2008 the Company acquired 85 percent working interest in the Anderson lease. This lease has one well located on it The lease consists of 40 acres located in Edwards County, IL.

The Jack Kelsey lease- In April of 2008 the Company acquired 100 percent working interest in the Jack Kelsey lease. This lease has one well located on it

Cautionary Statement Regarding Forward-looking Information

This report and other reports, as well as other written and oral statements made or released by us, may contain forward-looking statements. Forward-looking statements are statements that describe, or that are based on, our current expectations, estimates, projections and beliefs. Forward-looking statements are based on assumptions made by us, and on information currently available to us. Forward-looking statements describe our expectations today of what we believe is most likely to occur or may be reasonably achievable in the future, but such statements do not predict or assure any future occurrence and may turn out to be wrong. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. The words "believe," "anticipate," "intend," "expect," "estimate," "project", "predict", "hope", "should", and "may", other words and expressions that have similar meanings, and variations of such words and expressions, among others, usually are intended to help identify forward-looking statements.

Page 1

Forward-looking statements are subject to both known and unknown risks and uncertainties and can be affected by inaccurate assumptions we might make. Risks, uncertainties and inaccurate assumptions could cause actual results to differ materially from historical results or those currently anticipated. Consequently, no forward-looking statement can be guaranteed. The potential risks and uncertainties that could affect forward looking statements include, but are not limited to the ability to raise needed financing, increased competition, extent of the market demand for and supply of goods and services of the types provided by the Company, governmental regulation, performance of information systems, and the ability of the Company to hire, train and retain qualified employees. In addition, other risks, uncertainties, assumptions, and factors that could affect the Company's results and prospects have been and may further be described in the Company's prior and future filings with the Securities and Exchange Commission and other written and oral statements made or released by the Company.

We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date of this document. The information contained in this report is current only as of its date, and we assume no obligation to update any forward-looking statements.

The financial information set forth in the following discussion should be read in conjunction with, and qualified in its entirety by, the Company's unaudited consolidated financial statements and notes included herein. The results described below are not necessarily indicative of the results to be expected in any future period. Certain statements in this discussion and analysis, including statements regarding our strategy, financial performance and revenue sources, are forward-looking information based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Readers are referred to our Audited Financials included on Form 10-KSB for the fiscal year ended December 31, 2006.

Results of Operations

THREE MONTHS ENDED June 30, 2008

Our net loss for three months ended June 30, 2008 was $6,322, compared to a net loss of $396,073 for the three months ended June 30, 2007. A discussion of our results of operations is as follows:

Revenues for the three months ended June 30, 2008 was $21,269 compared to $0 for the three months ended June 30, 2007. Immaterial revenues have been generated since inception. However, we do anticipate continued revenue increases in 2008.

Operating expenses were $28,125 for the three months ended June 30, 2008, compared to $4,384 for the three months ended June 30, 2007. This expense is attributable to various administrative and professional fees.

No provision for income taxes have been reflected or recorded on these financial statements. We incurred a net loss of $6,322 for the three months ended June 30, 2008 as a result of the matters discussed above. Losses to date may be used to offset future taxable income, assuming the Company becomes profitable.

Liquidity and Capital Resources

Through June 30, 2008 the Company has incurred losses and has been dependent upon the financial support of stockholders, management and other related parties.

Management has successfully obtained additional financial resources, which the Company believes will support operations until profitability can be achieved. These financial resources include financing from both related and non-related third parties, as discussed in the footnotes to the financial statements. There can be no assurance that management will be successful in these efforts. The financial statements do not reflect any adjustments that may arise as a result of this uncertainty.

Page 2

We expect our operating expenses to continue to increase as we attempt to build our brand and expand our oil and gas properties. We hope our expenses will be funded from operations and short-term investments from officers, shareholders or others; however, our operations may not provide such funds and we may not be able obtain short-term loans from officers, shareholders or others. Our officers and shareholders are under no obligation to provide additional loans to the company.

ITEM 3. CONTROLS AND PROCEDURES

Evaluation of disclosure controls and procedures

Dynamic Natural Resources Inc maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in the company’s Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the company’s management including its Chief Executive Officer and Chief Financial Officer , as appropriate, to allow timely decisions regarding required disclosure based closely on the definition of “disclosure controls and procedures” in Rule 13a-14c. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply judgment in evaluating the cost-benefit relationship of possible controls and procedures. Also the company has investments in certain unconsolidated entities. As the Company does not control or manage these entities, its disclosure controls and procedures with respect to such entities are necessarily substantially more limited than those it maintains with respect to itself.

The Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including the Company’s Chief Executive Officer and the Company’s Chief Financial Officer, if the effectiveness of the design and operation of the Company’s disclosure controls and procedures as of the end of the period covered by this report. Based in the foregoing, The Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures were effective.

Changes in internal control over Financial Reporting

Management of the Company has evaluated, with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, changes in the Company’s internal controls over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) of the Exchange Act) during the second quarter of 2008.

There have been no changes to the Company’s internal control over financial reporting that occurred since the beginning of the Company’s second quarter of 2008 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

Page 3

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The Company is subject to legal proceedings and claims, which arise in the ordinary course of its business. Dynamic Natural Resources Inc. is not currently involved with any legal proceedings and is not aware of any threatened actions.

ITEM 2. UNREGISTERED SALES OF SECURITIES AND USE OF PROCEEDS

There were no unregistered sales of securities for the three months ended June 30, 2008.

ITEM 3. DEFAULT UPON SENIOR SECURITIES

There were no defaults on senior securities for the three months ended June 30, 2088.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

On April 1, 2008 a majority of the shareholders, did adopt resolutions, after consideration of the merits, to acquire all outstanding shares and to merge Universal tracking Solutions, Inc. (“UTS”). See Item 5 below for further detail.

ITEM 5. OTHER INFORMATION

The Company also agreed to effect a 1:10 reverse-split of its common stock. The reverse-split was effected on April 16, 2008.

Page 4

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits

31.1	Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

(b) Reports of Form 8-K

Reports were filed on Form 8-K in April and May of 2008.

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Dynamic Natural Resouces Inc.
Dated: 9/12/2008	/s/ Scott Masse
	By: Scott Masse Chief Executive Officer

Dated: 9/12/2008	/s/ Gerald L. Schiano
	By: Gerald L. Schiano Chief Financial Officer

Page 5

Dynamic Natural Resources Inc. 10-Q/A