I'll take choice A for $100 dollars Alex.

That's been obvious for months.

They announced 32 million cf of NG production for the 4th quarter, how is that not knowing what their own production is? They haven't drilled their other leases, so how are they supposed to kinow the production of a not producing asset? Nobody knows about Ness and if they have any real production, that is why Raley needs to do his DD before signing off on a deal for the acquisition. You don't buy assets just because someone says they produce or may produce, you verify they exist first and that they actually do what is being claimed. Read this old report, it will give you what was guesstimated before the CD's started cashing in and caused the company to stall it's plans.


http://www.bullmarketmadness.com/bmmuvse.htm

We're talking mechanical breakdown on Ness's assets, there are News reports on the Web that state Ness ignored normal maintenance on their wells and lost production due to mechanical failure. If these wells do actually exist, the it is inexpensive and quick to bring these back into production. The company has already had to do this with it's own wells after Hurricane Ike. 3 out of the 4 wells took 2 weeks to get back up and running, while the 4th, Lake Campo needed to have it's disposal pit enlarged to get the well back into production.

The crazy financing was how the company managed to get the current leases it has and has allowed it to drill 4 successful wells. If you think every well that BP or Exxon or any other big oil or gas company drills is viable, then your smoking crack, everyone uses the same technology that is out there, and we still end up with dry wells being drilled.

At this point they are still a small exploration company, they do not have their own drilling equipment or employ their own maintenance people. Drilling the Pembina site will be the next step in the companies growth after it gets some ore production online and increases it's revenues, this means adding employees, buying drilling equipment, and operating their own wells.

Nothing is wrong, they are not hiding anything from us. They need to get the CD's payed off and retired before they can do anything else, all their assets are tied to the CD's. They have a limited cash flow with only 4 wells, money has to be spent wisely. Once the CD's are retired, then they have many more options in regards to financing to grow the company that doesn't involve tieing up their stock and assets, which is what we're stuck with until the CD's are retired.

Buying another companies assets takes a long time, as every piece of paper has to be verified, the company has to make sure there are no leans on any of these assets, verify production records, what equipment exists. These are all very time consuming. When Sprint bought out Nextel in the merger of equals, we knew about it internally for almost a year. After it was announced, it still took another year to finish up all the legal work involved in verifying and transferring the assets before a dollar changed hand. Now 4 years later, the companies still aren't properly merged, and is still a huge internal mess. I would much rather Raley verify every single piece of paper before signing a damn thing and not later have to find out that the assets don't exist, never produced, or that there are legal leans against the properties he is trying to acquire.
Lawyers are not the quickest people in the world.

Mechanical break down doesn't suck wells dry.

For those used to watching the trades, this link seems to work. Nice having some visibility again.

http://ih.advfn.com/p.php?pid=trades&cb=1216600745&symbol=uvsee

Oil has nothing to do with it, the company derives most of it's revenue from NG, not oil.

VFIN and PERT have been there for as long as I've been watching the stock, thats at least the last 10 months, it doesn't mean anything. People just aren't buying right now, everyone is waiting on the 10K, everyones just being cautious.

It's funny how all of a sudden there are LARGE BIDS instead of the small 100 blocks we normally see, their more than happy to take these scary shares off our hands all of a sudden in BIG chunks. Awfully nice of them isn't it with this bad news?

Thats a realistic time frame, but the PPS is going to depend on how far they lower the O/S and how much more production they can get up and running. We'll have to see if we can pull any quick gains from the Ness deal, that is IF they have any real assets to acquire.

Wrong company again, article is from Canada Newswire, refers to the Ontario Energy Act. This is just another update on the penalty for UEG, not UVSE.

Besides that, a 1000% premium over what the stock was trading for at the time of the announcement was never realistic. Even right now at .003 is still a 200% increase from where the stock started at. I said 2 weeks ago that I wouldn't touch Ness with a 10 foot pole, just way too much speculation on a company that has such a large cloud hanging over it and complete lack of transparency.

There is no name change, and since you can't find any news, there is no news. The symbol has an extra E due to the 10K being late, but we already knew that was going to happen ahead of time. The 10K should be out soon and the E will go away. News regarding Ness will be out when a decision is finally made if they actually have any assets to acquire.

The company has a property lease to drill on the Pembina Oil filed, they don't have anything to do with the pipeline. When the wells eventually get drilled, any product from the wells will most likely be tied into the pipeline for transport to market. But that still doesn't have anything to do with the refinancing deal your talking about either, thats probably just whoever owns and manages the pipeline.

Theres a java based trade tracker on this site, works for all the stocks and all the markets. It breaks down the buys and sells in spread sheet style. Shows you the buy and sells in separate columns and counts for you.

No idea, selling is definitely higher than buying, and just roughly looking at the chart numbers, about 93 million sells. I miss the trading page, much easier than having to do the math by hand from available statistics. The sooner the 10K comes out, the sooner the normal tools start working again.

The buyer would be the MM, they have a holding account, then they'll just resell it later for a profit. Thats what investment banks do. When we say there is a surplus, it means the retail buyer (you and I) haven't bought as many shares that have been sold. More buying (demand) causes an upward price movement, where selling (lack of demand) more shares than are being bought drives the PPS down. When you get a demand increase people start raising their bid prices if they can't get the shares they want, think auction.

Well it looks like there was a quick dump in a short period of time of around 40-50 million shares, unexpected volume spike that just took out multiple MM's on the bid side, so now the MM's have to do a reset on their end. I don't think theres any news out, just more of the same old same that we've seen for months on end. Of course some people might just be getting impatient due to the lack of the 10K or news and are just moving there money elsewhere. Just another volatile day on the market.

What I've noticed with Yahoo is that it usually posts consolidated reports 3 weeks after a filing is out. So since the amended 10Q's and 10K came out 3 weeks ago, it's probably a system reposting of the consolidated statement. Yahoo's always late to the table on everything. E-trades not much better, they still show the O/S at 29 million shares, Google shows 1.48 billion. Nice how they spends 10's or hundreds of millions on software that can't update itself and put out proper current information. Someone got an abacus?

Ask Yahoo why they republished it, its probably just a consolidated report, but the company had no hand in having it republished, they don't run Yahoo.

They have 30 days from the day the E got added to get the filing in, but I expect to see it much sooner than that, and the day after it comes out, the E gets removed. Then we have another filing due on 5/15/2009, with the obligatory extension expect it 5/20/2009. News should be out in a few weeks, not the 10K, that will come sooner.

From what I see so far, it looks like its going to be another repeat again today. The other thing I have seen everyday is someone comes in the last 5-10 minutes with a large block to stall the price, it gets taken out, and then the fight to strangle the price continues for the last minute, its always a fight into the bell.

Power minute coming soon, lets see if we can go green in the last 60 seconds again. Then it'll be back to lather, rinse, and repeat.

I wish I was getting paid, I just share what I know for free. But I'd be more than happy to take donations to an unmarked PO Box in the Cayman Islands.

I'm seeing that kind of crap going on with another stock I'm holding. The ASK and BID are the same, but whoever is sitting on the ASK doesn't seem to want to let go or even own the shares the offered for sale. This has been stalemated for 30 minutes now with the potential buyer upping his block size, but not a single share has changed hands yet.

Your not part of the in crowd (banks, institutions, hedge funds, MM's), no shares for you. They would much rather you play their game, panic and sell them your shares at a loss, they will be more than happy to take them off your hands.

Last thing I read shows A/S and O/S is still the same as of last night. Sorry about not posting that, I've been tied up with a few projects the last 24 hours and forgot to post it. So nothing has changed, I'll call the TA tomorrow for an update.

Quick quotes from the news:

He showed "60 Minutes" just how simple the experiment looks; there are only three main ingredients. First, there is palladium, a metal in the platinum family. Second, one needs a kind of hydrogen called deuterium which is found in seawater.

"Deuterium is essentially unlimited. There is ten times as much energy in a gallon of sea water, from the deuterium contained within it, than there is in a gallon of gasoline," he explained.

Scientists today like to call it a nuclear effect rather than cold fusion. At least 20 labs working independently have published reports of excess heat--heat up to 25 times greater than the electricity going in.

So I take it you didn't download and read the research. Easier to just close your eyes and plug your ears and pretend it doesn't exist and hasn't been done. I guess you haven't paid attention to the news either, cold fusion is back on the table. The research that was discredited 20 years ago has now been reproduced and independently verified. There goes your Law of thermodynamics.


http://news.cnet.com/8301-11386_3-10223427-76.html?tag=newsEditorsPicksArea.0

The MM's will see-saw back and forth depending on the volume moves to buying or selling, and as for ARCA, he seems to pop up and prop up the bid side when the bid side starts getting weak. I think we sit with the status quo until the 10K or more news about the Ness situation comes out.

That question has already been answered many times, the 10K is at the accountants office being audited, when done it will be transmitted to the SEC. The company was delayed due to an SEC audit for the 2007 10K and the 2008 10Q's, no numbers have changed, only typographical errors have been corrected and released as amended filings on 3/31/2009.

I noticed Yahoo was pretty dead myself, maybe people just can't figure out how to look up the symbol with the added E and their confused. As far as volume, selling is higher than buying today, its another down day on the market, and people are waiting on the sideline for the 10K. I don't think it has anything to do with "news leaking" because there is none.

Right now I'm using a couple different forums on here for ideas and there's a section on E-trade for trading ideas. Then I'll look at prices, look at the charts and see what sector they are in, what kind of PR's updates they put out, research SEC filings for the stocks I'm interested in, and see what future plans they have. In other words, lots of research which requires lots of reading.

What are you talking about, the market is closed, no one is logged into anything, L2 doesn't mean anything right now. Besides that, I still see .0004 and .0005's for the MM's that don't drop off the system at 4pm. Hell my E-trade ticker is showing .0004 BID and .0014 ASK, but it doesn't mean anything.

I'm surprised to see on a down day and the E added for the late filing, that instead of a panic sell off that we actually had more buying than selling. Something else has also dawned on me, normally around the time of 10Q/10K releases the noise ratio rises from the bashers, and on every board I've read, they are no where to be found. That shows some very positive signs in my opinion.

Very true, but I still don't see what the big trigger for the market wide crush going on today. The MM's gotta love all this panic selling and volatility.

Looks like nothing out of the ordinary for the MM's, using a down day, with a little fear thrown in from the NT10-K and some nice big 100 share blocks on the ask to cause a panic sell, and then we'll close almost flat for the day.

I replied to you and sent you some links. As far as the A/S O/S goes, I'll look around and see if someone contacted the T/A recently, but from what I see on the E-trade chart, it looks like the BUYS are outnumbering the SELLS, I only see roughly 48 million shares sold out if the current 159 million shares traded so far. It'll be nice once the symbol gets restored and the normal tools work again, thats the only annoyance with these symbol changes, they break the normal tools for a day or 2 until someone gets around to correcting the database entries to point to the right data fields.

I sent you some links so you can look at the information for yourself.

You give me an e-mail address and I'll send you the research, including the math, the physics and the schematics. Of course Pickens wants CNG for automotive purposes, where do you think he made his Billions from. His plan has a personal interest involved. I agree it should be used as an interim/bridge solution, but lets not kid ourselves that it's not going to be as expensive or more expensive than what we already have in place.

SO give me an e-mail address, you can then red the research that already exists and is already patented and has already been proven to work. The law of thermodynamics is still only a theory, theories are known to be proven wrong, they have been rewritten over and over through the years to adjust to new realities.