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ALPHA - was it a buy or sell TIA
Okay...who got the cheapies? lol good buys imo
UP from here - I hope :)
We need a bone from the Co. NOW
Lucky Lucky whomever gets them down here imo
334,000 shares traded = $5k
You argument is that cd holders are converting? With $5,000 total money traded?
Did you ever call the t/a after I posted the number or do you not trust their fugures?
From what I'm hearing the Caviar revenue is enough to wipe out the debt out completely in months. I would like to think that this is a primary reason for the delay in the meeting.
Maybe Raley and co. needed time to put the deal together?
Universal Energy Corp. Announces Increased Production at its Caviar Wells
11:30a ET August 4, 2008 (PR NewsWire)
Universal Energy Corp. (OTC Bulletin Board: UVSE), an emerging U.S. oil and gas exploration and production company, announced today that gas production has continued increasing at both Caviar #1 and Caviar #4 since initial production began in July.
"We will continue to open up the wells and increase flow as we work them into their final production levels," commented Billy Raley, Chief Executive Officer of Universal Energy Corp. Raley continued, "We are extremely pleased with the ease that these wells came online and look forward to many years of substantial production."
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*please make investment decisions based on your own dd - do not be influenced by a message board post*
Good point.
Terrible that we need a natural disaster to make the shorts ease up.
I was thinking about how easy it would be for UVSE to get additional financing to pay off the CD holders based on their recent performance. With only $5.9M owed to them, I would think they could approach any major lending institution with their financials in hand and get that amount on the spot.
I mean really how hard can it be to get a $5.9M loan when you just cleared 3.5M in the last three months? I think there are some suprises regarding the retirement of debt coming up and quite a few scenarios are running through my head. The company's financial strength is so different now.
I for one would love to see the announcement that NONE of the authorized voted on will be needed at this time to satisfy CD holders...would be the run of the year imo and COULD happen.
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*please make investment decisions based on your own dd - do not be influenced by a message board post*
Call me crazy but today's action speaks volumes.
Almost 40 minutes into trading and we have only 25000 shares traded - obviously selling has dried up (and hopefully short-selling) as investors are waiting to hear from the company on the next move.
It's a good sign imo that the mm's aren't trying to walk it down with the typical 500 share trades. Maybe we can start to move up now?? By the way I have a friend who is a high-profile poster on HSM who is saying that we may get Caviar production numbers with the pr following the shareholder meeting. The words he used were "printing money".
We'll see.
Unfortunately it is a necessary evil at this point. All shares are currently out and they will be in default if the financers (CD holders) do not have the ability to get shares.
If what the company is saying holds true, you should not see an increase in o/s anywhere near these prices.
I have made 4 separate purchases here and never had more than 50k filled in one shot. Always little pieces...sometimes ridiculous 4000 and 7500 partials.
I agree with you. I am not in this either for a penny or two profit. This stock is nowhere near actual value much less using the sector p/e multiple of 11.5.
And no that's not my opinion...it is a fact.
There is absolutely no reason for this to be anywhere near the current price other than manipulation...just cannot fathom why it is still being toyed with after the massive drop. At some point one side is going to have to ease up. The longs have a strong profitable company, several producing oil wells, 3 more try's at Lone Oak, and huge increases on the horizon in their corner. The shorts have an AUTHORIZED share increase in theirs.
Seems like a no brainer huh?
I'm typing another one now - going to forward it to Raly as well
Nice 100k Buy moto! .0155 is an excellent add
My avg is .0158 @ near 400k and I'm VERY comfortable with it
.0157's up..come and getum
sorry benny..post corrected .32 on June 9th
June 9th = .32 per share
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*please make investment decisions based on your own dd - do not be influenced by a message board post*
Universal Energy Corp. Announces Increased Production at its Caviar Wells
11:30a ET August 4, 2008 (PR NewsWire)
Universal Energy Corp. (OTC Bulletin Board: UVSE), an emerging U.S. oil and gas exploration and production company, announced today that gas production has continued increasing at both Caviar #1 and Caviar #4 since initial production began in July.
"We will continue to open up the wells and increase flow as we work them into their final production levels," commented Billy Raley, Chief Executive Officer of Universal Energy Corp. Raley continued, "We are extremely pleased with the ease that these wells came online and look forward to many years of substantial production."
Universal Energy Corp. is a publicly traded (OTC Bulletin Board: UVSE) energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Louisiana and Texas. Visit www.universalenergycorp.info for more details.
Universal Energy Corp. Announces 123% and 244% Increases in Gas and Oil Production Quantities in the 2nd Quarter 2008
10:25a ET August 14, 2008 (PR NewsWire)
Universal Energy Corp. (OTC Bulletin Board: UVSE), an emerging U.S. oil and gas exploration and production company, announced today that gas and oil production quantities had more than doubled during the 2nd quarter 2008 increasing by 123 percent and 244 percent, respectively over amounts produced in the first quarter of 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."
The company will release its quarterly report on Form 10-Q on August 19, 2008. The earnings conference call will be August 20, 2008 at 9:00 a.m. Stockholders, brokers, analysts and all interested parties are invited to participate in the Universal Energy Corp. conference call. Callers in the United States and Canada can dial (800) 567-5900 (alternate dial-in number is (702) 835-5025. The conference i.d. for all callers is 801094.
Universal Energy Corp. is a publicly traded (OTCBB: UVSE - News) energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Louisiana and Texas. Visit www.universalenergycorp.info for more details.
Found a stock valuation calculator - look at what it said lol
http://www.zroundtable.com/ZRT_files/Finance/scripts/calc_stock_earnings.htm
Earnings per Share $.09
Growth in Earnings during the next 10 years
(Over time, growth should approach 6-10% as competition and other factors come into play.)
Yr 1-3 100%
Yr 4-6 25%
Yr 7-10 10%
Discount Rate 15%
(This is the interest rate used to compute present values.) 12% for typical stocks
15% for riskier stocks
Enter Values Here and Press Button
Read Your Results Here
Current Stock Price $.0155 Based on your assumptions, over the next 10 years, this stock is projected to earn:
96% per year
and be worth
$25.00 in ten years (pre-tax)
(This amount includes re-invested dividends)
The stock's current intrinsic value is:
$12.79
Please note that this projection is very sensitive to your assumptions and makes certain simplifying calculations. You may want to perform a simple "sensitivity analysis" by varying your assumptions for "Growth" and "Discount Rate."
Looks like a very good investment. Check your assumptions and look for other risk factors. How does the stock price compare to its intrinsic value?
$$$$$$$3.5 MILLION Net profit only 250M O/S
.09 Profit per share!!
Do the math ladies and gents and see what you think fair value is. Sector Average p/e ratio is 11.5.
It's going to start moving up now imo...only a fool would short at this level...and what long only wants .015 for their shares?
WE ARE NOT SELLING - WE KNOW WHAT WE HAVE
Sorry MM"s you are short on shares -- DEAL WITH IT
And for the naked shorts out there I would be real careful as you are shorting at the bottom and this can move past .02 before you can cover.
Great post! I think Raley is smarter than some think. There is probably more to the delay in the vote than some think.
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*please make investment decisions based on your own dd - do not be influenced by a message board post*
Here we go up!!!! About time
Good Job - repost of my letter from yesterday:
Okay - emailed three addy's at sec and sent Raley a copy
Who knows if it will do any good but I feel better.
Dear Sir / Madam,
I would like to bring your attention to blatant manipulation of the share price in Universal Energy Corporation (UVSE). Many shareholders have been suspect due to the massive drop that occured from .40 to .01, but I believe that the trading action from today (August 25th) provides undeniable proof.
If you will please review the tape from 9:36am to 9:48am there were 890,625 shares purchased with zero sells. During this time frame the mm's dropped the bid/ask .005 and .002. Could you please let me know how that type of buying pressure would cause the price to drop?
Also if you will look at the total volume on UVSE for the day(thru 12:30), there is a 2 to 1 buy sell ratio and yet the stock is flat. There have been many days recently where the mm's dropped the price even though the buys heavily outnumbered sells. I can provide specific dates if you need.
There is obviuosly manipulation going on here and we need the SEC's help to get it rectified. We need the agency to contact the mm's (mainly NITE) and stop them from interfering with this stock's pricing.
I will be waiting for your response.
Thank you,
XXXXX XXXXXXX
XXX XXX XXXX
Sorry Rheddle no more $ from me :(
let your fingers do the walking
Madison Stock Transfer
(718) 627-4453
Takes 3 minutes
Classic...I guess his info is more reliable than the people that actually issue the shares (T/A)
LMAO
DEBATE OVER - just called T/A
249,999,866 issued and outstanding as of 12:50est
Madison stock transfer - (718)627-4453
Spoke to Mike (President)
wow .0168 to .0155 drop on less than $1600 trading...
that means that the market cap was changed from $4.2Million to $3.8Million...a $400,000 swing on $1600 worth of trades.
DOCUMENTING
Welcome to the party!!!:) Just buy at the ask
All that other nonsense won't get you in cheaper - ok?
Um sory to butt in but the issued and outstanding is maxed.
The source of all the drama - lol
Universal Energy Corp. Announces Results for the Second Quarter of Fiscal Year 2008
8:58a ET August 20, 2008 (PR NewsWire)
Universal Energy Corp. (OTC Bulletin Board: UVSE), an emerging U.S. oil and gas exploration and production company, reported financial and operational results for its second quarter of the fiscal year ended June 30, 2008.
Financial Summary
The Company reported net income of $2.9 million, or $0.09 per basic share, $0.00 per diluted 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.
BTW 18 of the last 20 trades were all buys
Got my response from the SEC this morning...nothing special but they are on it.
Wow..just logged on and see that we have some visitors...
I know that they love to talk about the share count (lol) but why don't we talk about the PROFITS and the p/e ratio that is less than 1??? Maybe the 400% gain in profits over Q1? How about the guidance of another 200% gain in Q3?
Has Lone Oak hit and they are waiting to drop another bomb?
Just how much Oil and Gas are the Caviar Wells Producing?
LMAO - keep harping on the share count guys...it's all you got
Well I will say that it looks like we've ruffled a few feathers with our persistance exposing the manipulation going on here.
I feel that maybe if we keep bringing up the subject and not letting the parties get away unchecked, we may be able to make a difference. I know I harp on buy/sell ratios alot but that is a fundamental aspect of pricing. It is a red flag if you have a 2 to 1 buy ratio and the price gets lowered, and I intend to make a huge stink and let the world know about it each time it happens.
You would think the MM's and shorters have made enough on this from $1+++ down to a penny. I know the shares are scarce but it's time to let this run and the MM's can make a bundle just going with the momo. At one point today there was almost a million shares purchased in blocks with no sells and they dropped the price.
I do think we will see another green day tomorrow though - you just can't rationally argue that this issue is priced apropriately.
There is $5.9M left owed to the CD holders. Now depending on the price they convert at will ultimately determine the amount of shares added to the float.
As I recall Raley said the trigger happy CD holder already converted and the rest would hold out for higher prices. At a paltry .10 per share that would only add 59m to the float.
It kills me when people start bringing up A/S as if that (in and of itself)does something to the price...maybe they shouldn't be investing in pennies imo
Classic...I was just thinking the same thing. Coincidence that they show up after an email blitz to the SEC regarding the price manipulation????
LMFAO - UVSE will have it's day
Moving up into the close
Ben it's actually here on IHUB.
go to the quotes page and then hit the "trades" tab in the middle of the navi bar. I believe it is a 15min delay.
And yes I find it very useful too. This stock is being bought up daily and the numbers prove it. I wish I would had kept a running tally for the month.