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This will be back in the 2's shortly
August 20th is the stockholder meeting. If it passes and it probably will then the AS will increase shortly there after.
Thanks for the update...I didn't know FUTR had news working with Google. I'll have to read up on this.
Both examples = Pinksheets
UVSE = OTCBB
I'm not saying it isn't possible but I haven't found a OTCBB that has done it.
:)
The above post represents only my opinion. Please use caution before investing into any stock.
That's for pinksheet stocks. This is the OTCBB. Please tell me of a OTCBB stock that dumped shares beyond a maxed out A/S before they filed with the SEC.
The above post represents only my opinion. Please use caution before investing into any stock.
"As of July 4, 2008 out of the 250,000,000 shares of common stock currently authorized for issuance under the Amended Certificate of Incorporation, a total of 249,999,866 shares were issued and outstanding and 37,500,000 shares were reserved for issuance upon exercise of the Company’s stock options, warrants and other convertible securities."
http://www.sec.gov/Archives/edgar/data/1207029/000114420408040744/v120292_pre14a.htm
I'm not sure why people keep stating there are more shares out there then 250 million. It's in plain english. Read the latest SEC Filings.
The above post represents only my opinion. Please use caution before investing into any stock.
Reasons for increasing A/S
Due to the limited number of shares of common stock available to be issued, the Board has unanimously approved, and voted to recommend that the stockholders approve, an amendment to the Company’s Amended Certificate of Incorporation pursuant to which the number of shares of common stock which the Company would be authorized to issue would be increased from 250,000,000 shares to 1,500,000,000 shares.
The Board believes that an increase in authorized common stock would provide the Company with increased flexibility to issue and/or sell common stock from time to time at the discretion of the Board , and without further authorization by the stockholders, for one or more of the following business purposes: (i) in public or private offerings as a means of obtaining additional capital for the Company’s business; (ii) as part or all of the consideration required to be paid for the acquisition of ongoing businesses or other assets; (iii) to satisfy any current or future financial obligations of the Company; (iv) in connection with the exercise of options, warrants or rights, or the conversion of convertible securities that have been or may be issued by the Company; or (v) pursuant to any benefit, option or stock ownership plan or employment agreement.
The proposed increase in the number of authorized shares of common stock will not change the number of shares of common stock outstanding or the rights of the holders of such stock. Other than for the possibility of issuing new shares of common stock upon the exercise of outstanding stock options or warrants, the Company does not have any immediate plans, arrangements, commitments or understandings with respect to the issuance of any of the additional shares of common stock that would be authorized by the proposed amendment to the Amended Certificate of Incorporation. However, the Company anticipates that it will need to raise additional equity capital in the near future through the issuance of common stock or other securities that are convertible into, or otherwise grant the holder thereof the right to purchase, common stock.
Any issuance of additional shares of common stock could reduce the current stockholders’ proportionate interests in the Company, depending on the number of shares issued and the purpose, terms and conditions of the issuance. Moreover, the issuance of additional shares of common stock could discourage attempts to acquire control of the Company by tender offer or other means. In such a case, stockholders might be deprived of benefits that could result from such an attempt, such as realization of a premium over the market price of their shares in a tender offer or the temporary increase in market price that could result from such an attempt. Although the Board intends to issue common stock only when it considers such issuance to be in the best interest of the Company, the issuance of additional shares of common stock may have, among others, a dilutive effect on earnings per share of common stock and on the equity and voting rights of holders of shares of common stock. The Board believes, however, that the benefits of providing the flexibility to issue shares without delay for any business purpose outweigh any such possible disadvantages.
Ownership of shares of common stock entitles each stockholder to one vote per share of common stock. Holders of shares of common stock do not have preemptive rights to subscribe to additional securities that may be issued by the Company, which means that current stockholders do not have a prior right to purchase any new issue of capital stock of the Company in order to maintain their proportionate ownership. Stockholders wishing to maintain their interest, however, may be able to do so through normal market purchases.
The increase in the authorized common stock will be implemented by effecting an amendment to the Company’s Amended Certificate of Incorporation, replacing the current Article 4 with a new Article 4 that states as follows:
“The total number of shares of stock which the corporation is authorized to issue is 1,500,000,000 shares of Common Stock having a par value of $0.0001 per share.”
Assuming the increase in authorized common stock is approved by the stockholders at the Annual Meeting, an amendment to the Company’s Amended Certificate of Incorporation will be filed with the Secretary of State of the State of Delaware, and the increase in authorized common stock will become effective as of 5:00 p.m. EDST time on the date of such filing. The Company expects that such filing will take place on or shortly after the date the Annual Meeting is held. The increase in authorized common stock may be abandoned by the Board at any time before or after the Annual Meeting should the stockholders not approve this proposal.
http://www.sec.gov/Archives/edgar/data/1207029/000114420408040744/v120292_pre14a.htm
The above post represents only my opinion. Please use caution before investing into any stock.
For those of you who are searching for a stock to enter you might want to check out UVSE which should be a fairly quick double from this current PPS.
Yes, nice close. Great jobs guys...have a great weekend!
Just got filled at 0.021
The above post represents only my opinion. Please use caution before investing into any stock.
With the IRAN and ISRAEL tensions continuing to be high I see no real pullback in the oil prices. IRAN is the second largest producer of oil in the world behind Saudia Arabia.
The above post represents only my opinion. Please use caution before investing into any stock.
I think we hit $0.021 on low volume before heading back north bound. Just my 2 cents (no pun intended).
So since this PR was released last Thursday, we should see news of informerical next week, maybe as early as Monday (7 business days of the PR)
The above post represents only my opinion. Please use caution before investing into any stock.
Also, did you look in the "As Seen on TV" section? This is the only place they are placing it in the Walgreen stores. You will not find this bulb in the light bulb section. Some stores carry a much larger "As Seen On TV" section then other stores. One local store has basically half an aisle of those items while another store is just one small end cap. The bulb is still located in both stores by the way.
There are like 4 Walgreen stores within a few mile radius of my house and all 4 have the "As Seen On TV" section and they all have the Ionic bulb there as well.
The above post represents only my opinion. Please use caution before investing into any stock.
I see the very low volume as the calm before the storm.
If your local Walgreens does not carry it then just buy it off the website.
Volume really drying up big time now
Nevermind...seeing same
The above post represents only my opinion. Please use caution before investing into any stock.
AS stands for Authorized Shares, OS stands for Outstanding Shares
Closed green!
Still selling for $12.99 on Walgreens.com
Why must we call TA again? They cannot increase OS/AS right now. Nothing has changed.
The above post represents only my opinion. Please use caution before investing into any stock.
What's wrong with Madison?
We got Lone Oak news boys!
Ionic Bulb selling for $9.99 now at a local Walgreens. I went and bought the last one today. Last month they were priced for $12.99 at that store (only had one in stock then as well).
Yes, higher lows. My bad.
Another day of high highs and lower lows. I'll take that anyday.
Reply back to BMILES annotated chart.
Looks like the PPO lines are touching each other and other indicators should bounce northward tomorrow. Slight pull back and rest today and up we go tomorrow or Thursday.
Thanks Clay, great work.
Let's get that Money Flow (MFI) into an uptrend now.
The above post represents only my opinion. Please use caution before investing into any stock.
Next? This one has just begun IMO. Check out the charts.
The above post represents only my opinion. Please use caution before investing into any stock.
They are a OTCBB fully reporting company which means they cannot increase Authorized Shares until majority shareholders vote and they also file for the increase with the SEC.
You can also call the Transfer Agent anytime for the current share structure.
The above post represents only my opinion. Please use caution before investing into any stock.
Yes, PPO did not cross over during last run to almost 4 cents. It's crossing soon during this run.
Authorized and Outstanding: 250 million
Link back to BMiles chart. Look how all the indicators are turning positive...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30644384
52 week low - $0.014, 52 week high $1.95
The above post represents only my opinion. Please use caution before investing into any stock.
It really wants to hit $0.027
Moving really fast now
O/S maxed out - 250 million. They cannot increase Authorized Shares until the shareholder meeting and everyone votes. Please read past PR's for more information.
Also, if you ever have any questions on what the current O/S is please call the Transfer Agent company and they will tell you:
Madison Stock Transfer
718-627-4453
The above post represents only my opinion. Please use caution before investing into any stock.
UVSE NEWS - Caviar #1 & #4 updates
HOUSTON, July 14 /PRNewswire-FirstCall/ -- Universal Energy Corp. (OTC:UVSE) (BULLETIN BOARD: UVSE) , an emerging U.S. oil and gas exploration and production company, announced today that component installation on the production barge was completed as scheduled and that production at Caviar #1 and Caviar #4 began last week. Since coming online, both Caviar #1 and Caviar #4 have produced well and now will start ramping up their production.
"This growth story is really beginning to take shape," commented Dyron Watford, Chief Financial Officer of Universal Energy Corp. Watford continued, "Our production has grown from $30,000 a month at the beginning of the year to what we estimate will be close to $300,000 next month. In six months time, that's impressive growth by any standard."
NEWS! HOUSTON, July 14 /PRNewswire-FirstCall/ -- Universal Energy Corp. (OTC:UVSE) (BULLETIN BOARD: UVSE) , an emerging U.S. oil and gas exploration and production company, announced today that component installation on the production barge was completed as scheduled and that production at Caviar #1 and Caviar #4 began last week. Since coming online, both Caviar #1 and Caviar #4 have produced well and now will start ramping up their production.
"This growth story is really beginning to take shape," commented Dyron Watford, Chief Financial Officer of Universal Energy Corp. Watford continued, "Our production has grown from $30,000 a month at the beginning of the year to what we estimate will be close to $300,000 next month. In six months time, that's impressive growth by any standard."
The above post represents only my opinion. Please use caution before investing into any stock.