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Nothing wrong with being a proponent of a company that you have invested in. Positive outlook with rose colored glasses is one way of looking at it, better than the other way around.
But a glass half filled or half empty with urine is still a glass with urine in it!
We all want shareholder value--what can be done! I am a skeptic of any company with a billion shares out-how and why did they get here? The number billion I've only heard within the last 10 years--that is a big number!!
Mikey is not a cheerleader nor a pumper if you have read his posts. His is just like me trying to find something good out of all this, ie money!
This is just a guess. The 10Q will be great--they will sell into it and dilute, get rid of cd holders, and at same time get some investment and development money. When the smoke clears and pps is on the floor they will slowly unannounced proceed with a buyback at lower cost. JMHO.
Put these shares away and look again next fall-didn't you suggest this Mikey. Shareholder value?
Problem with a reverse split is that even though the oustanding is reduced, they still have the same number authorized. A buyback at low pps for the companies sake, and retirement of shares, is the best solution for share holders. Imagine the pps with a r/s to 150 million shares and having the same number of Authorized. IMO. This is a mess.
Kinda hard doing a 2008 10Q with a amendment to Sept 2007 10Q, a few days earlier---I thinks there is alot of ace covering going on right about now! Auditors fired---A/S going up unannounced. This looks like a real mess---Bryon and Raley are in cover ace mode---forget about the shareholders ---Imo!
The share dilution has already been factored in. The mm's knew this was coming for along time. When they want it at bottom -it will go there. IMO.
That fed bailout is the answer---if Ge can request a loan guarantee and GM get billions--what is wrong with little ole oil and gas exploration companies! Do they want these exploration and development companies to stop what they are doing?
I would let all the shareholders know the existing status, and present the existing issues and options.
I wouldn't never have a shareholders meeting if my plan was to be secretive with the shareholders.
I would take a serious cut in pay, and hire some experts in the aspect of financing and accounting.
I would set up a forum or an IR department for any questions that can be answered.
I would look to the feds for a bail-out!!
I guess the mm's have figured this new dilution into the pps. Not much change-either way.
Yes--and the 10Q amendment is just a little Red Herring while the AS was being raised -n the dark of the night. They thought we wouldn't notice! LOL.
Just confirmed with Transfer Agent--Name Michael Ajzeman. He looked up the certs. for the company -Skyline drive-Glen Woods as President. He then looked up new certs and filing for today Raley, CEo--no confusing the company. And Yes the AS is now 6.5 billion-that is billion with a b(as in been butted or BS)
Shareholder value---I can' wait!
No even a pinky--you get the AS share amendment right away!
Looks like an amendment for the new accountants to cover their aces--prior to doing the new 10Q--expect a delay in 10Q.
Fully diluted --this thing looks like "you know what". Besides, I don't know the squeeze play on the company to sneakily assign more shares--after all the expense and effort for shareholder approval for just a measly 1.5 billion.
If this A/S is true at this pps-fully diluted--company market cap almost 6 million. Is this worth it? Is the sneaky over? So much for reporting company!
Just in denial. There has to be some mistake.
Thats for companies that are not reporting --this is a reporting up to date company. Why would they go thru all that trouble for shareholder approval in Sept.. A filing I believe would still have to be made.
My guess is that the company you requested AS on is another company with similar name--nice try.
Unbelievable--how can they have 6 billion authorized---cannot be true--but the share price and the trading to date look like it!
Could it be released before the 15th?
Anyone with the true share count.
Authorized, outstanding-thanks in advance.
Another board has it at 2 billion. This true?
You know of all the years I have been playing the markets, your post has got to be one of the most sincere, and thorough.
Is Ralley legit-we shall see, or is he playing you too, I hope not. Been around too long to just see the promos.
Ask him if he plans on a reverse split and a name change in the coming year?
Ask him when he thinks the stock price will start showing some shareholder value.
Ask him if his search for oil is slowed with the price drop, and why he thinks the share price just keeps free falling.
Ask him what percentage of oil to gas is his longterm plan.
Ask him how many shares he owns?
Good luck.
Thanks in advance.
soup--common you know you have had a reverse merger with MP--
What is your point!! Do you have one!!!
Reverse split comming-or you can call it a merger--new name WE-LO.
10 billion shares to pump out into the wind again. Tick tick tick.
Just give us the pr's--the fluffies--not the Special e-mails only, to insiders.!
Next time Raley puts out a PR stating they are working on building shareholder value----sell sell sell!
3d seismic evaluting---maybe they used this for the share price too--like the last empty hole!
There always is a tendency for board hoard that never goes away and works on building confidence with all newbies and others not far off. Almost like a mm-watching every move-and every inclination-real or perceived.
What gets me is they state that the stock may fall --then they state that they are buying--while all along maybe they could be selling!!! They state how much the stock looks great, but the share price just keeps on going down--almost like a designed play.
Anyways--no one on this board like that. That is for the non reporting pinkies!! LOL!
I think they are still in the tanning business--I'm feeling really burned!!!
Is this trading---no volume--what happened?-anybody get a special e-mail?
And share price at only 33 cents----!
Just maybe his family-relatives-friends-mm's he knows--have been shorting this since June--? He'll end up giving shares away to his special consultants-before or after the reverse split! JMHO
How many shares do you think it will take to convert?
Bien--I need that video link for therapy.
Hurricane coming, and a weekend--I just do not know anymore?
How many shares could possibly be converted 75 million-and only 30 million or so released--it must be that big billion number that is sitting there as a threat possibly in the mm's plans--waiting to be dumped-- that is the key. Why so many shares in the AS. Plans for a dumping-reverse split and do it all over again? I sure hope not!.
These mm's work with our mm's that brought this company to the otc's---they know many things we don't!
I didn't know that--didn't see that post on this board--Think some MM's are a little ruffled?-LOL.
Don't shoot the messenger--picked up while board surfing? South swell going North!
Re: Approx. $5 Mil. Yr In Revenous 9-Sep-08 01:05 pm
I forgot to include another e-mail response some one received from Raley, still waiting for one from my e-mail yesterday, but this one you may all like:
From:"Billy Raley" <braley@universalenergycorp.info>
Add sender to Contacts
To:
bandtmurra@yahoo.com
Michael, I did not provide a canned response, but merely wanted to be consistent for legal and insider reasons.
The increase in authorized shares was approved by a majority vote. The State of Delaware has also noted the increase. This will be included in our 10Q as required.
As I have stated, Dyron and I are certainly not happy with the MM activity either, but as the SEC and NASD have stated that they will not let us know about their ongoing investigations, we must wait.
As you can see from our last filing, Dyron and I are working very hard to make Universal Energy Corp. a great company and we feel that the hard work is paying off even as we do not receive a paycheck. We do have a great company. Now we are working very hard to reconnect the PPS to the value of the company.
Billy Raley
As posted on one of them other boards!
UVSE listed with some real Heavy hitters on the NAS !! 10-Sep-08 12:27 pm
UVSE listed with some very heavy hitters..
Very interesting....
can you say lift off> $1 + !!!!!!!!!!!
TheSUBWAY.com Inc.: Market Alerts for Wednesday, September 10, 2008:
Sep 10, 2008 (M2 PRESSWIRE via COMTEX) -- TheSUBWAY.com: Names the following stocks to its Stock Alerts List: Pluristem Therapeutics Inc. (Nasdaq: PSTI), SIRIUS XM Radio (Nasdaq: SIRI), Universal Energy Corp. (OTCBB: UVSE), Microsoft Corp. (Nasdaq: MSFT), Finisar Corporation (NASDAQ: FNSR), NVIDIA Corporation (Nasdaq: NVDA) .
good post---
Is it true that cd's can only convert no more than 5 % of AS. 75 million. Therefore I think, they may be done?
Got this from another board--
Talked to Billy Raley 8-Sep-08 05:35 pm
Ok, so like many of you I have been getting a little fed up with a lack of news, massive dilution, the a/s increase, and most of all the less than a penny stock price. So I called Mr. Raley on his cell phone, using the number from his canned email and this is what I got.
I apologize for repeating anything some of you have already found out, but I was out of commission for a little while so I was catching up on things.
1. August was the first month of profitability for UVSE, this trend looks to continue for some time.. good thing.
2. Debt is on track to be paid off by year's end, also good thing.
3. Lone Oak #2 will probably not be explored, due to the findings from LO #1, but #3 and #4 look promising. They will not be drilled until after the hurricane season. While this is a little frustrating, it's better to wait on the gas than lose a bunch of money to a storm like IKE coming up.
4. CD is the one issue that is affecting all this mess. A mix between MM taking advantage of the CD issuing shares, and shorting the stock, and blanket dilution. The good side of the conversion is that it reduces the debt, but like we all know it creates dilution, and F*(*ing MM manipulation.
5. The company's operations is not affected by day to day stock price in that, there is no need for the company to issue more stock to pay day to day expenses, so once this mess gets behind us, theoretically UVSE should return to a fair value PPS.
What that number is who knows. Saying revs are $5-8 million/year, putting market caps in the $25 million range depending on wells and other things, as well as corporate expansion, a good balance sheet, ect. Things get pretty thin spreading $25 million across 800 million shares (i.e. PPS=$.03) Maybe it's more with a strike at Lone Oak #3 and #4, I still don't know.
I picked up another couple hundred thousand shares today, because if we do make it to $.03 this is a bargain any way you look at it.
GLTA
Maybe family---even funnier--how about an insider--LOL---anybody can be---he gives out info freely to whomever-special e-mails in the dark-. Did he get told to stop the illegal inside stuff by the sec---lol.
I don't know what topic is on or off for wehi---can I discuss the future of chicks building bikes--is that a topic for wehi-is stem cell research a topic--being applied to breast augmentation--is this a topic for WEHI-how about the cause and effect of stemcell research breast augmentation as applied to Hot August Nights(or something like that)-is this a topic for Wehi--or how about the world golf league--is this a topic for Wehi---or how about video games---is this a topic for wehi?
Just wondering? Please let me know what the topics are for this stock that you will approve of discussing!?
I have been fooled more than once on these companies---and have thousands of dollars put in years ago---and frankly MP is not my favorite CEO--so I look at my merged-split share count and what used to be millions was just hundreds--where did my money go!!
So I got thinking may as well drop another couple on this lotto play, sit on millions, go for the ride, watch the pump and dump---afterall he said he wants to make good to long term investors-he knows who we are---.
So my topics can be many--as are the ventures and bs of this company--please research the topics so you know what are on and off topic! LOL