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Looks like a 4.5 million buy at .004 and a 4.5 million sell 11 seconds later for .0041
DM, we respect that. And thank you. This is not the forum for questioning patriotism.
It is about UVSE. It is about 3 to 1 buys and down 7% already.
We are all in the same boat in this one.
If you one doesn't own shares and is hanging around, then they have time on their hands. If they are looking to invest, today ain't the day.
We got some longs here. If anyone one is long here and that I mean at least a day or longer, the odds are they are down. So, we can sit in here and commiserate on UVSE and how it could be were it is....
-7% already dammmmmmit!
I have and I continually do...
You're joking right?
So, is that a no?
Got it. And I agree! I am just trying to save some people the same losses.
Can you say that you would advise someone new to this board and to UVSE to buy tomorrow?
That is all I am saying. The economy is for shite, housing isn't turning around anytime soon, the market isn't going to get any better till at least Nov. 3. and there are going to be people that are looking to jump in hope to catch "the bottom" in this.
This is an amazing opportunity. IMO! But, I also look out for others, and if there is someone out there that thinks tomorrow IS the day to buy, all I am suggesting it wait one more day.
I seriously am looking to add to my position. I am also, asking in an honest forum, does anyone know of a stock that has made it out of the OTCBB from .0035 to .03?
Or could this be the one that will do it? I would really like to see a case study.
I am looking forward to Feb. and seeing the numbers and peoples faces when they come out and say they are OUT OF DEBT, over 1000% increased Rev's from 07', and Lone Oak #3 & #4 are right in their sites.
I will be here. Yes, on the free account. You have my e-mail. If you want to PM me and would like a PM reply, I will shoot you an e-mail back.
Thank you Mikey for all of the hard work. I can't wait to see this puppy a year from now.
Take it easy.
This gets more and more odd each day. The word got out (as if it weren't already) that the 1.5 Billon was passed. A few days later this happens.
Down days 9 out of the last 10 or 10 out of the last 11. Is there really a difference? The floor has been called nearly each day, yet we still see a lower floor. Yesterday and this morning it was .0047 at around 7 am and the next minute we were down to .0046. Trading sideways for the next 3 hours or so without ANY real volume.
Then, 1.3 million, 1.5 million, 2 million, 1.2 million and 1 millions share sells!From nowhere. Took us from .005 to .0035 just like that. Then there are After Hour Prints of 9 million, 1.2 million, 9 million and 1 million. ARE YOU KIDDING ME. Then, all of the sudden traders who haven't been around for months are coming in here and saying that it could be a good time to buy?
They are now saying that .0035 is the floor, that is, until it isn't? HUH? I have watched my position stay the same as the PPS has imploded. For those who are new to this stock. DON'T BUY! I am not bashing, I AM WARNING YOU. THIS IS ALL IN MY OPINION, but if you really would like to buy, wait.
Could you be lucky and hit that 100% gain from .0035. Sure, look at the after hours print. 20 million bought and it moved 10%. Do yourself a favor, wait it out.
Q3 will be coming out in November and the full year report will be out in Feb. 09'.
There isn't a floor. NO ONE CAN PROVE IT!!! They can express a logical idea of why there should be a floor or what the floor should be. But as you have seen here that is false logic, IF there is NSS going on, there isn't a floor. I haven't a clue if this will get bled to death. And by that I mean .0000!
I have asked plenty of times to a lot of people and NO trader has come back with an answer.
Name 5 stocks that have gone from .0035 to .03 or even .02 with 1.5 billion shares or even 750 million shares trading.
I don't have to sell now. I am lucky. I am around until at least Feb. I look forward to what will happen in Feb. Should I have to sell for tax reasons, fine, I will have a GREAT write off. If it rebounds, that is a win win.
If someone is thinking about jumping in because "THIS HAS GOT TO BE WAY OVER SOLD" You haven't seen nothing yet. Go one year back and look at the drops. This is just one of them. There isn't a reason that someone can come up with that would make sense on why this time it is any different.
If this gets down to .0001 before years end. I will be loading up. As for tomorrow. I will keep my bib on just in case I vomit from the drop....again.
Just tellin ya how it is in here.
Illegal trading going on. I and many other people say 100% YES. What will stop it. Who knows......
IMHO
I must say Mikey, this .004ish floor is looking real good right now. Might take a loss on something else I have an take a bite into this...
I'll see how the day plays out.
UVSE is looking good. What say the chartpeople?
Mikey,
Thanks for the answer. Two things, what was your calulations that got you to .0047? and WHAT THE @#$% with these trades? You have got to be kidding me.
Price Size Exch Time
0.005 200 OBB 11:20:35
0.005 750 OBB 10:53:00
Thank you for that. My post was more in jest than anything else. I was trying to find a silver lining. So far it is looking to be .0046
It could hit that again a few more times and bounce back. And that could be the "new" floor/base. As mentioned earlier, we don't know what the agenda is of the MM's. They could NSS this and with 1.5 listed and not meany people would say boo. Obviously, there aren't 1.5 on the market.
We know that, but it is others now that affect us. I think Raley's best bet is continue with the decent PR's just to keep us on the radar.
I don't know what the word is on Lone Oak #2 - #4. It was talked about as a package, but there was price tag set aside for #2 specifically, as well as #3 & #4. Will they start drilling in the first of the year? Has anyone heard?
It is nice to see a level. We are hovering around the same price as we were mid-afternoon yesterday. 2 days at the same level ? I can hardly believe my eyes.
Not jaded, it just if you can't find humor or joke about this than, you could be on the verge of going mad, as I was yesterday.
Again, GLTA WEEEEEEEEEEEEE and all that. Today is a new day!
So, this could be ou first real answer. Par Value per Gail is .0001
I guess that is the floor. We get to that and then in Feb as Raley says, let the numbers do the talking.
At least we Know something.
The good news begins.
I left this morning after the bounce from -39% drop back down to -43% drop.
71.2 million shares traded during hours
16.5 million shares "PRINTED" After Hours
=
87.7 million shares traded in total today alone?
That is 1/3 of the 249 million shares that are held?
This is MADNESS. Pure and simple. It is absurd to dismiss Raley in this. For him to say that:
"I understand that it is their “job”, but it only benefits them while hurting the company and its stockholders.
Universal Energy will continue to do everything possible to enhance shareholder value"
is just dismisive! Come on!. I am furious. And yes, Raley is part of it. To come even close to legitimize the NSS and not the SS is outrageous.
He "They" is/are doing everything possible to enhance shareholder value...BULLSH*T. They are NOT! If that were the case, BUYBACK, SPLIT, PR mentioning that although SS is legal NSS is not, and at this time he can not talk about it, but it is being looked into...SOMETHING, but today would not be considered EVERYTHING.
I am upset, by the NSS, and by the passive stance Raley and UVSE has taken. This lost 40% in a day more than a few times. Losing nearly 70% is not ok. I know I haven't lost anything until I have sold, but I am an odds guy. That is why I came to this in the first place. What would be the odds of a fully reporting company. A company that was in the hole last year and is cracking a 900% increase over that in one year to see its PPS drop from .03 or .02 or .01 to this mess.
For chit sake. I think everyone on thi board has had it at one point or another, but to see that 5000K print with the other 16 million is just a preview of what is to come tomorrow.
I wish I had some coin aside to average down at .006 if it gets back to that on a wild run. I still am waiting for someone to post the 1 stock that went from .005 to .15 which would be around fair value for argument sake.
I would like to see 5 examples of stock that did that in the last 2 years.
Today was my breaking point. Will this help anyone, I don't know maybe there is someone out there what wanted to say it but couldn't or ... you know what, f that. This is criminal... and I'll leave it at that.
My next post will be of "ok I may have lost it a bit, but I'm better now" Unless it's another 40% down day tomorrow.
Till tomorrow.
DD doesn't mean poop on this one...
Mike,
I can not speak for anyone else on this board, so I will say to you I am terribly sorry for your situation.
I wish you and your family the best. May you and your wife have the best memories to come.
Nice to be able to take a breath. If it stays here. I am fine with that for the day...
I am on delay, but the trades seem to look like there was a bottom at .0049. A nice bounce and some good buys now.
Is anyone here going to put money into this if it reaches .0001? Cause it looks like it could this week, but I have to say, the numbers are great.
The company is making money and are increasing production on a daily basis. I am not pumping or bashing this.
I am just trying to figure out if this does hit the triple 0's, will this ever be able to move again.
What is happening doesn't add up. I am attaching logic to an illogical situation and that ain't working for me right now.
So, if anyone could explain how this could be undone in our favor, please explain. I am just watching this go down and have nothing better to do at the moment.
Ok, here is a question for you traders out there that have been doing this for awhile.
Has ANYONE seen or been a part of a stock that has gone from .005 to .03?
Honest question. And if you say "oh yeah, I went from .0001 to $10. Save it. You would be here if you did.
I have seen some .002 - .006 or even .01 but back to .03 and that isn't even fair value. I am watching my potential loss slide even faster....
At what point do they stop? Will they take this to .0001? If they do, will even the 1.5 even help?
I am not sure how they are going to make money if they drive this stoke out of business. Cause at this rate, no one is going to lend them money. People are selling and MM's won't have to cover.
The only thing that has really changed that I can see is Sells are Killing the Buys. Almost 2 - 1. Closing in on 14 million shares before noon.
Not sure if that means "Capitulation"
Gotta say, this is crazy. You would think that there would have been some sort of bounce that could stick. But, it looks like.
PR - some buys come in,
MM - Drive the price down
New Buyers - start to lose $ right away & sell
Price - down even further.
It really is pathetic to start off Monday like this. Raley stands behind their position that in the future....
I would have to say, that if you see your stock acting like this and know that people are shorting it, (actually NSS which is not legal) and still say that in the future...
My guess is they know something about Lone Oak #2...
I hope.
Just getting to the computer.
Not sure if this has been posted. A lot of talk this morning and we are down again....
I just got a response from Raley:
Universal Energy Corp. continues to be an outstanding company with tremendous
growth in production, revenues and earnings. It is unfortunate that some people
have chosen to take advantage of the debenture conversions by shorting the
stock. I understand that it is their “job”, but it only benefits them while
hurting the company and its stockholders.
Universal Energy will continue to do everything possible to enhance shareholder
value. The company received a majority approval of all items on the proxy and
this will help position the company better in the future.
Thanks for your comments.
Billy Raley
Chief Executive Officer
Universal Energy Corp.
30 Skyline Drive
Lake Mary, Fl. 32746
Hope you had a good lunch. Catch you later.
Well, what is chitty about that is, "a HUGE bounce" would be back to .015 or .02 or how about .03. That would be insane for nearly any other stock
.
What is really insane is, that still wouldn't get this to fair value! And each day the revenues increase so does the fair value. And what do we get? A lower PPS.
WHAT THE SUCK! Am I crazy?
You win! I just put in my order... AFTER HOURS. did it print?
Thanks. Also, I should add that I am in it for the long....long haul.
I don't think it really has much to do with financing at the moment. What is at the forefront is the manipulation. Of course you know this.
Here's the bottom line:
If "they" let the stranglehold go, then their agenda will have changed, and that means all bets are off.
Right now, there is an agenda, it is easy to see, I don't need to point it out, but what is tied to that agenda is the fact that the Short Interst has dropped -90%. As you can see here...
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=uvse
That somewhat counters the Agenda of driving this stock into the ground. So does the fact that we leveled off today and a 3.4 million buy showed up After Hours. I am not saying this trades after hours, all I am saying is a trade for 3.4 million shares "PRINTED" "showed up" whatever you want to call it, after the bell.
It would only make sense that again over the past few days, with the SHAREHOLDER MEETING known, and the increase as taken for granted, that "they" could start NSS again. Again, as you can see here at the top. Still on Reg SHO Threshold Flag list:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=uvse
Which allows a downtic on days where the buys are greater than the sells. So, the MM, make money on the trades that are going on, even if they themselves are the only ones really doing the trading. Mirror trades, buying and selling non-shares to each other only to drive the price down even more.
What needs to be asked is, what in God's name is their Agenda, all we can tell right now is it's, DRIVE THE PPS DOWN.
Why? So when the new shares hit the market, it will automatically drive the PPS down even further, and when it does, they will not have to cover...at all...
Then at that time, which "they" are already counting on, will come in and BUY / STEAL as many shares as they want. Hundreds of MILLIONS. So, then they can turn around and sell them back to US. Beacuse when the numbers come out for Q3 and people react with...What? Why is this so cheap, I have to get me some of these shares... That's when "they" will sell all the cheap shares back to us at a premium also making money on the trades.
(Remember not Raley's fault, the increase had to pass).
So, this is where the financing would come in handy. The increase of production by 83% over April and an overall 50% over the average production of all Q2 is great.
Raley "We expect this trend to continue throughout the quarter." (Q3)
This is where they can get the leverage that could nail the NSS. If, they were to buy back, sell the comp.(won't) or get a great deal, they wouldn't have to announce a HUGE increase at all at the end of Q3 this month.
Then, the whole notion of a "mass share dump" would be naught. And the NSS would be Vucked. Remember, the SS have already covered.
I guess there is also the chance they drive this down to .0001 and let it die. Gotta go with the odds on this one, I don't see that happening. What would be the logic in that? Unless there is one wealthy cat out there with a monster vendetta against Raley...again going with the odds.
Will it turn Monday. It wouldn't follow the thought process of the NSS, there is no reason to let go of this yet. I personally would like it to turn around on Monday, and seeing the 3.4 million share buy makes me hope it will. But, sorry to say I just don't see it.
I think it is going to be a rocky path till the end of this month. If I am wrong, then I / we will be happy.
There is something to this company. It reports, it hired a third party Acct. team, the numbers a fantastic, the growth story is looking better each day... There are a lot of eyes looking this over and NO ONE can explain it other than Manipulation. "IF" and when it stops, this will be the stock of the year...IMO
Yes, Raley is the one that can say they are looking into this. If they are, I don't know if they will make it public.
As for the ones that could turn this around in a heartbeat, it's the MM. The ones controlling this. They have an agenda. I guess??? they have a price point too. I don't know. They could open up and lay off at noon today. This would run fast. Or they could grind it down to .0001, If they are NNS, they are creating shares that don't exist. No one can keep up with that.
When, will they let it go? It would be nice to see it by Nov. Q3 will produce very nice numbers. Next Feb will also, with a years end full report of the company.
I am long, yes, it beats me up that this is the direction for now, But, IMO it will turn around....
You got real clean streets there.
As for the website, no it isn't sleek. It posts the stock, it posts Management, it post their e-mail address, their phone numbers, SEC filings...
OK, so what else? You want EURO cool uber-chic website that doesn't mean Shite. You may know Marketing 101. Good for you. Cause I could care less about that sexy website EXXON has(not really) and more about the numbers they are producing.
This is what matters to me
July 2008 production increased 83 percent over the first month of the second quarter 2008 which was also a 52 percent increase over the average monthly production of the second quarter 2008
Numbers From Q2
During the second quarter of 2008, Universal Energy Corp.'s share of production was approximately 23.58 million cubic feet of gas and 262 barrels of oil
They have a handful of employees and I think they have a bit more to do than worry about the webpage.
That would also be an added expense for people to bash on if they paid another company to keep it updated. Or hired a techie for that purpose only.
I don't think you can call the COMPANY dodgy for their webpage. Now, if they were an internet company, you just might have a point.
Yeah, they are not a huge "keep the web-site up to date kinda company"
Personally, I would rather see something filed on the Shareholder meeting from teh 2nd than an updated webpage.
Yes, and no they did not go through with that deal.
Maybe they trying to get the CD holders to sell? The ones who haven't. That would go with the accumulation theroy. Maybe they are trying to get as many shares as they can so when they do HAVE to cover they could. 3Q is coming to a close and this PR just reconfirms the growth story of the company. They shorts have covered already.
So, in a bit the MM won't NSS, they will just sell the shares that they have "stolen". They will double their $ on the way up again.
1-clever
2- the range we are trading today is "better" than what we had yesterday.
3-Or let's try your way. Let's say as much crap about this stock and do nothing and see how much it will go up.
have a good lunch
Have a good one. And I am having coffee now so no need to wonder what I am going to say next....
Just quiet reading time now....
One thing that is funny though, more sells today than buys and we are fairly steady.
Refer to #17125.
WAIT, You are right!!!! Seriously, False alarm. I haven't had coffee and I read Aug 1 as Sept. 1.
That was the worst DD I have ever done in my life.
I apologize......
OK, Raley and Watford are WAY underwater right now
http://app.quotemedia.com/quotetools/showFiling.go?name=UNIVERSAL%20ENERGY%20CORP.:%20DEFR14A,%20Sub-Doc%201,%20Page%2021&link=http%3A//quotemedia.10kwizard.com/filing.xml%3Frid%3D12%26ipage%3D5842670%26%26DSEQ%3D1%26SEQ%3D21%26SQDESC%3DSECTION_PAGE%26num%3D21%26doc%3D1&cp=off
New Audit Committee- answers that questions from before.
The Audit Committee of the Board has selected Cross, Fernandez & Riley, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2008 and has further directed us to submit the selection of its independent registered public accounting firm for ratification by the stockholders at the annual meeting
Look under filings
As of August 1, 2008, we have issued and outstanding an aggregate principal amount of $5,965,848 of convertible debentures; based upon currently applicable conversion price of $0.0116 per share approximately 514,297,241 shares will be required if the Debentures are converted in full; additional, 139,635,836 shares will be required in order to satisfy our obligations under the Warrants at the current exercise price of $0.25 per share.