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How can a company dilute past their a/s?
I'm very interested in hearing your response. BTW the T/A is not gagged...have you called to verify your suspicions?
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*please make investment decisions based on your own dd - do not be influenced by a message board post*
1.5m BUYS / 749K SELL and we are flat for the day
I'm with mikey on this-lets flood their inbox
Enough complaints and they will have to take action. We do pay their salaries if you weren't aware.
Okay - emailed three addy's at sec and sent Raley a copy
Who knows if it will do any good but I feel better.
Dear Sir / Madam,
I would like to bring your attention to blatant manipulation of the share price in Universal Energy Corporation (UVSE). Many shareholders have been suspect due to the massive drop that occured from .40 to .01, but I believe that the trading action from today (August 25th) provides undeniable proof.
If you will please review the tape from 9:36am to 9:48am there were 890,625 shares purchased with zero sells. During this time frame the mm's dropped the bid/ask .005 and .002. Could you please let me know how that type of buying pressure would cause the price to drop?
Also if you will look at the total volume on UVSE for the day(thru 12:30), there is a 2 to 1 buy sell ratio and yet the stock is flat. There have been many days recently where the mm's dropped the price even though the buys heavily outnumbered sells. I can provide specific dates if you need.
There is obviuosly manipulation going on here and we need the SEC's help to get it rectified. We need the agency to contact the mm's (mainly NITE) and stop them from interfering with this stock's pricing.
I will be waiting for your response.
Thank you,
XXXXX XXXXXXX
XXX XXX XXXX
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*please make investment decisions based on your own dd - do not be influenced by a message board post*
Can you please post the addy that you are using to file complaints?
I will send a few.
mikeyk:
I know you have had success in dealing with the sec regarding the irregular mm activity here. Could you please forward the trading stats from my previous post and see if they will look into that? I can't see how the mm's "computer program" would walk a price down on all buy volume of 890k shares.
Irrefutable evidence imo.
Thanks
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*please make investment decisions based on your own dd - do not be influenced by a message board post*
Look at the trades this morning:
from 9:36 until 9:48 890,625 shares were bought and zero sells
during the same period the MM's took the bid down .005 and the ask down .002
This movement was on all BUYS
Nice chart - macd turning North
Buys 2 to 1 over sells
Buy volume = 1,242,825
Sell volume = 637,745
and yet they leave us flat - MM's trying hard here
volume slow - selling dried up
should start it's move up from here
.32 on June 10th
Still amazes me that this was at that level such a short time ago. And if you want to talk about market cap...
*The high*
$2.55 with 25M shares out was a $63,750,000 market cap and that was before the first drop was recovered
*Currently*
.0155 with 250M shares out is a $3,875,000 market cap with several wells producing and a $3.5 million net profit for the quarter.
They won't be able to hold it down for much longer...the word will get out on this little beaten down gem UVSE.
What do you think the week holds?
I believe we will make several runs at .02 and close the week at .018 or better - that is unless there is any new News
Big Week coming up
Me too - still tropical storm conditions here - I am going to have my own hurricane party lol
Still looks like slightly green today so I'll take it. Next week should be much better.
Agreed....why would anyone sell at these prices???
Read the filings if you need a tune-up!
Buy/Sell Voulume
As of 10 min's ago:
2,856,972 Buy Volume
2,910,091 Sell Volume
Price at .0156
What is interesting though is that when we hit .0171 earlier the sells had a large margin over buys???
1,585,363 Buy Volume
2,3972,522 Sell Volume
Price was .0171
Nothing suprises me here anymore though. At least it appears we have broken the downtrend.
GL
.0169 up. Looking REAL good today
Good luck and welcome aboard the UVSE express to .10!
$0.017 0.002 (+13.33%) KABOOOOOOOOOMMMMM!!!
Ask now at .0173!! BIG DAY
$0.0163 0.0013 (+8.67%)
This can hit .018 shortly...
And as far as momo being gone - this thing moves on such low volume I would rather 4-6million share days from investors rather than flippers and those wanting to bail at a 20% profit. The future prospects here are much greater than .02, .03 or higher.
My opinion
MOVING UP!!!
The news changed the whole picture here though...
This stock is a steal at these prices and can't stay here for long imo.
$3.5 MILLION net profit last quarter alone. And that was with no revenues from the Caviar wells that are producing "better than expected" and the possibility of a Lone Oak Well or two hitting this quarter.
Here's a good conspiracy theory...
Nite is run by left-wing environmentalists that want to see oil production halted. They will make it hard for American oil companies to raise capital by keeping the share price supressed.
I know...a little far fetched but there is an agenda...and I think it's more than money as they have already killed the share price here from a dollar to one cent.
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*please make investment decisions based on your own dd - do not be influenced by a message board post*
This stock should be up today - there was HUGE buying into the close, over 1.7Million shares bought into the close. This price can't hold forever - the mm's will have to let it run and it will be one for the record books imo.
I'm still not sure why they are holding it down though...surely they have covered?
LOOK AT THE STATS OF THE LAST 90 MINUTES
From 2:24pm today until the close:
BUYS = 1,755,601 shares
SELLS = 277,000 shares
6 to 1 BUY/SELL Ratio
They walked it down while this was happening.
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*please make investment decisions based on your own dd - do not be influenced by a message board post*
BUY VOLUME 1 MILLION MORE THAN SELLS
And we close down 11%???? MM's we are watching and documenting.
THIS stock will get to fair value and mm's are the only thing holding it down imo
Buy Volume : 5,145,684
Sell Volume : 4,080,715
BLACK AND WHITE
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*please make investment decisions based on your own dd - do not be influenced by a message board post*
True. That is my hope as well. Once we stop attracting short term flippers there should be a steady rise. There are so few shares available that we don't need much volume to move this.
Not happy with today's action though. No problem holding even if it goes lower as I know what I have.
I'm almost at 500k total now on this at roughly a .0158 avg.
First sell won't be until around a nickel just to take some principle out. I don't care if it takes a month or two either as I have made this a longer term investment.
If I play my cards right I could eventually cash out with six figures after the Q3 blowout imo.
GLTA
got 124k yesterday at .016 and a few more before the bell at.0165
A GIFT as I was going to pay anything up to .03.
Buys outnumber sells today
As of 2:00
Buy Volume = 3,370,382 shares
Sell Volume = 3,358,084 shares
Don't be fooled into thinking there is a selloff gents - there is indicision but certainly not the situation that we are led to believe.
Well siad.
The picture looks much better now than it did 3 mos ago when it was over 30 cents. Just have to wait it out
.018 close - no selling left
imo
this stock is trading like it has a dried up float...from .0175 to .0145 and back to .016 all in the course of 45 min's
These are huge swings
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*please make investment decisions based on your own dd - do not be influenced by a message board post*
Universal Energy Corp. Announces Results for the Second Quarter of Fiscal Year 2008
8:58a ET August 20, 2008 (PR NewsWire)
Universal Energy Corp. (OTC Bulletin Board: UVSE), an emerging U.S. oil and gas exploration and production company, reported financial and operational results for its second quarter of the fiscal year ended June 30, 2008.
Financial Summary
The Company reported net income of $2.9 million, or $0.09 per basic share, $0.00 per diluted share, for the second quarter of fiscal 2008 compared to a net loss of $2.03 million, or $(0.07) per basic and diluted share, for the second quarter of fiscal 2007. For the six months ended June 30, 2008, the Company reported net income of $3.55 million, or $0.11 per basic share, $0.01 per diluted share, for the six months ended June 30, 2008 compared to a net loss of $2.7 million, or $(0.10) per basic and diluted share, for the same period in fiscal 2007. Revenue for the second quarter of fiscal 2008 totaled $0.33 million which was derived from producing wells in the Company's Lake Campo and Amberjack prospects.
Dyron Watford, Universal Energy Corp. Chairman and CEO, commented, "Exceeding the high end of our revenue guidance for the quarter by 11% is fantastic. As we continue to increase revenues with production in the 3rd quarter from Caviar #1 and Caviar #4, the financial picture for Universal Energy becomes more solid with each day of production
Just a little reminder as to what we have here
keywest,
Not good enough??? I just can't fathom what you (and others) want? The stock is less than two cents - it's not like it's at a dollar and there is a market cap issue.
Can you please mention one other 1.7 cent otc or pink stock that has had a better quarter and more growth.
I would like an honest answer.
Raley said he would deal with the issue by posting great results. So far he has lived up to that promise.
.017 now again...may move here
Well they made 9 cents per share last quarter and it's trading at 1.5 cents currently. I'd say it's slightly underpriced at the moment.
Oh boy..here we go
It wasn't...the smoke will clear very soon and this will continue trending up imo.
You can't argue with 3.5M in Net for the Q
Of course my liitle 124k buy had to be filled in 4 pieces