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Due Diligence - study and look into ALL the filings yourself, because what you read might be just bashing, baseless opinions or altered facts...
What do you mean UEC?
Cause if you do read the reports you might see stuff like this that we already know...
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.
OR
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"
OR
If our stockholders do not approve the increase in our authorized shares, the Debenture and Warrant holders may allege a default under the terms and conditions of Debentures and Warrants, which, if substantiated, may have a material adverse effect on our operations. Accordingly, An increase in the number of shares of common stock authorized for issuance under the Company’s Amended Certificate of Incorporation is necessary to permit the Company to have additional shares available for issuance in furtherance of the Company’s business purposes, as more fully set forth below under “Reasons For and Effects Of the Proposal.”
Top 10 Reasons To Watch What Happens Tuesday
1 - Date Aug 15, 2008 - Short Interest 281,108 - % Change Avg. -90.69
2 - An After Hours Buy of 1.45 millions share going into a holiday weekend.
3 - ANNUAL MEETING OF STOCKHOLDERS Tuesday
4 - Net income (loss)
Q2 $ 2,938,337 = 2008 $ (2,031,225 )= 2007
Q 1 & 2 $ 3,553,178 = 2008 $ (2,686,634 ) = 2007
5 - Universal Energy Corp. Announces 123% and 244% Increases in Gas and Oil Production Quantities in the 2nd Quarter 2008
6 - Producing wells in Lake Campo and Amberjack
7 - 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
8 - "We are extremely pleased with the ease that these wells came online and look forward to many years of substantial production."
9 - "The elimination of corporate debt by year end is our first strategic initiative as it is imperative to increased profitability for our stockholders in the months and years to come"
10 - Lone Oak #1 was the first of a four well package and we have already begun preparations to drill the second well
I think it is just started to get interesting.
We will see.
Explain this one...
8.5 million shares trading today with people just trying to slam it.
And it still closed at .13
What do you think is going to happen when
25 million shares are trading and people are tripping over themselves when we are still maxed out at 250...
That is a leading question...really no answer. Just looking for an opinion.
Oh, and the lead off hit was at 4:00pm today.
Yes, from here for the Short Info.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=uvse
And for the After Hours buy here:
http://www.otcbb.com/asp/quote_module.asp?qm_page=56610&symbol=UVSE
Mikey is the champ! I call the 90% drop in the short interest his victory.
Thanks Mikey. I owe you.
And why?????? would people drop their short position when the sky is falling 1.5 B share is in the air!!!!
Because they know what is coming on Tuesday!
And a 1.45 million buy After Hours. I hope some of you wake up early on Tuesday...
Is this what you are looking for?
Date Aug 15, 2008
Short Interest 281,108
% Change Avg. -90.69
Daily Share Volume 7,515,251
Days to Cover Split New Issue 1.00
Nah, no PR's now. I am a Blue & Glenlivet 21 guy myself on good days. Gold and GL 18 on alright days and Grants on just plain smakie days.
So, this is it. No more rides, oh wait what was that
After Hours: $ 0.0131 0.0001 (+0.77%) Volume: 1.45 m
Someone get me a glass. It is a Blue after hours move.
Covering into the weekend, just before Tuesday. Maybe someone knows something...
that was neither Opinion or fact.
Now where is my drink
Good Labor Day to all
"but I don't think the average stockholder does."
This is no offense to the average stockholder, but I don't know if the average stockholder knows what and A/S increase is.
I think if they are smart enough to know what and A/S increase is, then they are smart enought to know what it is for and that it does not mean anything for the O/S.
I also think they understand what
"Universal Energy Corp. Announces 123% and 244% Increases in Gas and Oil Production Quantities in the 2nd Quarter 2008,"
means. It means growth. And growth is always!!! a main factor in PPS. Its growth and its PPS do not match.
It is that simple. Why, Manipulation. Selling more shares than what were out there. But, that gets a little complicated and it's for the Authorities and Raley to figure out. And they are.
Not just my opinion...but facts.
No, there is only 1 Real reason. And the FACT that you speak of is Manipulation.
I guess in a sense you are right. Looking at all the news on UVSE, yeah, it would be hard to understand why this is dropping, but that was established long ago. Again, Manipulation.
So, if you have any other NEWS and or other DD that we are unaware of, we would be quiet appreciative if you could add to this board with more than just an opinion.
Always looking to learn. Thank you.
Well, I guess it's an ole' fashion standoff then.
I say, anything under .05 is going to a great buy for investment. If you are trading, then it really doesn't matter what you buy at does it? It only matters what you sell at and how fast you can turn a profit?
So, if you are trading it today you should be doing rather well.
GTLA.
Gotta say, that one was a questionable call.
If it were put into a question would that have stayed up there?
Like, are you a pessimist? Or are you a basher? Do you know what growth does for a company?
Why would you see this dropping to .008 when it is hovering between .014 - .015.
Can I ask these types of questioins? Just to clarify what position they are taking?
If we trade flat today, that is fine. We can hover where we are till the end, then the last half hour a buy in for the weekend. And maybe after hours a zillion share sell. I have to say, I have been trying to understand that move over the past days and still can not come up the a strong reason.
Some wanting to cover without setting off automatic sells, so it stays somewhere around .012+? I think there is very strong reason and a good sign for keeping above that level.
If the NSS, really wanted to drive this into the ground they would have. They had a MOSTER chance, when they first announced the 1.5 and then when they postponed the meeting.
But, it has held. Since the OS and AS is maxed and since the bottom of .01 we are sitting in a great position. Still nearly 40% up from the bottom.
And people haven't dumped en mass. We have held. Raley has not held back bad news.
I am looking forward to see how clever Raley and Watford are. When more clarity is shed we will rise.
Honestly, I don't even think they have to wait till Q3. I think because Caviar #1 & #4 just came on line and is still just opening up and the other wells having come on line only 4 months ago, I don't think it is a problem to take the numbers that they are bring in and say, "Here you go." How about a few million.
Now, I am sure that the CEO and CFO will put it a bit more eloquently, than I just have.
IMHO, I think on Tuesday, some people are going go get right in the cherries! And it won't be the longs. Again, IMO!
I CONCUR! Some fun reading for the weekend coming up for some. And for others (Me) I am already there.
What the heck is the Company thinking? Here is a small insight..
"We plan to grow our business by acquiring (i) low risk in-field oil and gas rights that are primarily developmental in nature that offset existing production and (ii) energy companies that when combined with our management expertise in that area will display strong top line growth and cash flows. As we expand our business we will eventually seek to act as the operator of those properties in which we have an interest. "
But, How sir would you do that? Do you have the funds at this moment to such a thing? - (I ask to myself)
"We do not have funds to undertake any of these activities and would have to obtain funding from external sources. We believe that additional capital funding is available through private or public equity financing or perhaps bank financing"
PERHAPS BANK FINANCING..... hmmmm perhaps
The MM activity is 100% the key to what is actually going on here in spite of all the posts for and against.
100% correct
There are clearly more shares still being sold into the float at the moment.
100% wrong
a 10th grader can show you why that is a false statement.
1) It is not clear that they are being sold into the float at the moment.
2) There are other explanations, other than ones OPINION...
You don't make sense...IMO
To repeat for some and to those who are new:
Raley, ""We are extremely pleased with the ease that these wells came online and look forward to many years of substantial production."
Here are a few other reasons why there is such a strong following for UVSE.
"This growth story is really beginning to take shape" Raley.
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 (which was "July")
The Company reported net income of $2.9 million, or $0.09 per basic 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.
Universal Energy Corp. Announces 123% and 244% Increases in Gas and Oil Production Quantities in the 2nd Quarter 2008
What a difference a quarter makes," commented Billy Raley, Chief Executive Officer of Universal Energy Corp. Raley continued, "The increase in production coupled with the extraordinarily high prices was more than we anticipated. 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. With production having started in July 2008 for Caviar #1 and Caviar #4, production for fiscal 2008 is shaping up nicely."
This is why fair value is CAN NOT be .0155
It is under valued.
You look for GROWTH in a company.
This company is ALL about growth.
The Caviar wells are still opening!!!
And for those who like forward looking statmentes, They have 3 more wells at Lone Oak that show very good promise and their record for finding worth while wells is excellent!
Just a small reminder and or insight and all Facts.
1) Financing
2) A Buy Out
3) A Buy Back
4) A deal that is made with the CD holders and spelled out for shareholders
Any and all combinations of the above are possible. Ohhhh, this is getting good.
And Gustav is not halting the trading.
Look at the bids. I think some people are panicing. They are going to try and create a shake out. What they are going to do is if it goes a little lower they are going to create a buying run. IMO
The volume this morning is great to see!
Not that this is the case, but it is interesting that the 1 million share sell wa After Hours last night and now trading is at a stand still. Dry if you will.
We are not dropping with each tic. I see 8 trades as of 10:20am. So, I wonder if the MM's, because there are NO more shares out there, were trading whatever shares they had with each other. To create a paycheck for each other.
No NSS today or we would be down big. And the Shorts are a bit concerned... Some other people may be concerned with the low volume. That won't hold for long.
We may start to see some buying tomorrow. Or a holding pattern till Tuesday.
Let you said. We will see.
Sorry to see Gustav coming in. GLTA
It will be interesting.
Tomorrow and Friday. That's it. Next stop...meeting.
That is unless we get a PR either Tomorrow or Friday.
I think it is already a little intense. I do have to say, it is a good sign that we are still holding .01 and above. IMO
With all the manipulation that has occured, I think they could have drove it sub. But haven't. Maybe they couldn't, I don't know. Either way it is a very strong sign heading into the meeting.
Can't say that I have ever said, I can't wait till Sept 2.
Well, I am not going to over look the holiday weekend. I am sure going to relax and gear up for a fiesty week ahead.
It is very difficult to read into ones intentions via e-mail. That is when gut and common sense comes in. I do not mean any disrepect by that. I stayed on the sidelines for some time. I did a lot of DD myself. Then, I read, I read a lot of posts here. There are people here way more versed in stocks and trading than I am.
I am learning as I go. I can tell you that after all the DD I did, it was mindbending to see this type of stock at this price. I could not get my mind wrapped around it. It DID NOT make a lick of sense.
And now, after speaking with the posters that have something to add, and not just something to say, I realized what I was reading and what I was processing is correct.
I am not pumping. Honestly, I could care less if you bought in, no offense. I am here to help, if I can.
If you take some time and read about one page (50) posts, you will know who you can trust and who you could learn something from.
If you do buy in and don't want to watch the manipulation happen any longer and feel like doing something about it, just ask.
We will walk you through it. That is if you want to.
I wish you the best. GLTA
Way to go Moto.
I haven't moved. This is "IMO" a great story waiting to unfold. It should have / could have run the other week. Much further than .015- .031. That isn't what I am looking for. I am long term and I would much rather watch this rise past my average, than wake up and try to chase it. I will not chase a stock. If it's a miss, then there is always another one.
GLTY, if you can pick some more up and ave. down, that will be a great move.
I was talking to someone earlier and I think this may be the first time in a long time that people just might want to own going into the weekend. (not pumping.)
Again, that is just an opinion which is mine.
I stand corrected, 4.5 million shares. .0007 & 4%.
Today was very interesting IMO. Top to Bottom .016 - .015 on 3 mil shares. Closing 3% down .0005.
Now only two more trading days till the meeting. Sept 2, Summer Vaction will be over. Traders, Wall Street and the rest will be back at their desks. All Fired Up Ready!
CEO Raley, you ole' dog. The market has been on vaction and the ones that were manipulating this got a spotlight turned on them.
You may be right. It just might be time.
I don't think I have ever looked forward to a Sept 2nd? I am now.
This board is still up and running, right?
Not bad volume for absolutly nothing right now...
UVSE Topic discussion summary on why we are seeing the trading activity we are.
I don't know Mikey. I think it's ARCA now, no wait, it's DOMS, yeah with out a doubt it is DOMS. Wait, Raley, I know IMO it MUST be Raley. Or the AS. It could be that.
All I know is it is a good opp. to buy right now, unless the selling pressure stops.
The Doc said, "You are 100% kinda pregnant."
I like this, the more R rants, the more outlandish the claims on the PPS of UVSE is and what is causing this movement.
That is on topic....
No, it has been, DOMS is doing this and the OS will drive this sub-penny.
So, you agree that something is wrong with the downselling of this. You think it is Raley's fault. All roads point to manipulation.
As for the OS. You have said, it's coming, then it may come, then if it does come it will drive the stock to sub-penny.
Then you said, DOMS "watch" DOMS is going to lower it, it didn't, then you said Oh, guess he backed off.
I don't know if you understand how many times you change the course of your argument. You say, a good time to trade is right now, then you say, it's not until the selling pressure stops.
There isn't plenty more. That is all she wrote.
Nothing more to say than DOMS is doing this?
This is pertaining to the OS increase that may come? Or the Manipulation that is happening?
You are right. The OS, might change. MIGHT. Not will not won't.
Other than that, do you have anything else to speak about?
If not, why don't you just repost your first post over and over.
You have one point to make and it is a weak one. But if you want to stick to that, then that is up to you.
Do you have anything else to say on the topic of UVSE?
My connection this morning is gobshite! So there may be some time between responses.
"What is in the filings and L2 that I have been posting and analyzing is irrefutable"
AUTO goes to .0155 ask. Let's see if DOMS tries to pip him again or whether he needs a higher price than .0154
DOMS seems to not want to sell below .0155 - previous to this last change at the ask, he was content to undercut AUTO. .014 looks pretty good based on the MM line-up and the fact that DOMS seems to want to sell higher than current levels.
So, what is irrefutable, just changed, and your guessing is wrong?
Are you ok? Seriously, do you need us to call someone? We all are here to help.
From the recent filing: "Subject to certain conditions, the amortization may be effected through cash payments, or at our option, through the issuance of shares of our common stock or some combination of cash and stock, based on a price per share equal to 80% of the lowest three (3) closing bid prices of the common stock over the 20 trading days immediately preceding the date of such payment. We cannot provide assurance that we will have sufficient cash available to satisfy the repurchase of the Notes entirely in cash."
Then take this from today's PR.
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.
Caviar #1 nor #4 are mentioned in Q2. AT ALL
That would answer the whole, if they need the shares. They are generating rev's as compared to when they weren't. The "we can not probide, is in nearly every statement for a company this size and youth. It is just begining."
Raley also has said that they are willing to play ball. So, yes they could convert, but no they won't per CEO Raley.
Could Be, Just Might Be. I don't know. Is that your opinion?
What you are impying is that all the shares are going to hit the market at once.
First off, it is not set in stone that 1 share is going to hit the market.
What he was saying is...
Some of this debt will be paid with CASH from incoming revenues
"shares will be required if the Debentures are converted in full". What part of if the Debentures are converted in full is hard to understand? You are making false assumptions
As for some debt being paid by cash, it's in the filings, remeber I pointed to the IF CONVERTED clause, which means the company does have that option, it does not absolutely HAVE to convert to shares. The Cavier Wells are in production, there
are extra revenues, this cash can be used to pay debt and limit any necessary conversions, but that may be at the expense of growth
And as for your :
"I don't recall the last time I was thrilled to see the authorised share count go up in any of my stocks."
(ok, we didn't ask. I don't even know what you are trying to get across with that statement. You don't recall. Are you under oath, so their may have been a time when it was good and you just don't recall it?
I think it is you that is dreaming if you think the slide is due to NSS and big short squeeze runs are rare
Not dreaming! Look at the trading that has been taking place.
The SEC is.
Again, thanks for playing.
Raley, ""We are extremely pleased with the ease that these wells came online and look forward to many years of substantial production."
Here are a few other reasons why there is such a strong following for UVSE.
"This growth story is really beginning to take shape" Raley.
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 (which is Aug.)
The Company reported net income of $2.9 million, or $0.09 per basic 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.
Universal Energy Corp. Announces 123% and 244% Increases in Gas and Oil Production Quantities in the 2nd Quarter 2008
What a difference a quarter makes," commented Billy Raley, Chief Executive Officer of Universal Energy Corp. Raley continued, "The increase in production coupled with the extraordinarily high prices was more than we anticipated. 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. With production having started in July 2008 for Caviar #1 and Caviar #4, production for fiscal 2008 is shaping up nicely."
This is why the PPS CAN NOT be .0158
It is under valued.
You look for GROWTH in a company.
This company is ALL about growth.
The Caviar wells are still opening!!!
So, for those of you who want to bash, I am going to reply to you with this post each and every time I can. And if I am not at my computer, I have a feeling that a reply might come in looking about the same from 1,2,3,4 and so on other people who understand what this CEO, Stock and Company is about.
That's it for now...
OK, let's play with your Inncorrect Opinion.
If you understand what you are saying means, and you understand what this company is producing, then please, do the math for all of us.
Show us your skills and calculate the PPS with your proposed idea.
What will that magc number look like?
I need your help.
FACT: This is NOT MY OPINION!
Three Months Ended Six Months Ended
June 30, June 30,
2008 2007 2008 2007
Revenue
$ 328,476 $ - $ 415,005 $ -
General and administrative expenses
736,572 720,822 1,450,718 1,361,740
Other income(expense)
3,544,608 (23,976 ) 4,915,608 (23,976 )
Net income (loss)
$ 2,938,337 $ (2,031,225 ) $ 3,553,178 $(2,686,634 )