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It is my belief that they will probably wait until after the meeting in order to counter-effect any dilution that may occur.
IMO, W/O a 10Q release, you may very well be able to make that play. GLTA
Someone just made a good buy 600k @ .0117
I noticed where the symbol went from FRLE to FRLEE - is this the prelude to being removed from the OTCBB?
Does anyone know what's happened to this company?
Apparently they are snake-oil salesmen - the stock just went sub-penny after a 100 share sell.
Agreed. 65 barrels of oil a day would be considered a "dry hole" even once the price of oil reaches $200/barrel.
That implication was part of the original PR yesterday. Here's the link to my post yesterday:
#msg-31032427
Thought you were on vacation already? (GRIN) Enjoy the break in action from UVSE.
Agreed. Where's the 10Q when you need it....(GRIN)
Nice observation.
Agreed. My first buy-in was at .86 or .87 - I have come a long way since then on my average, but as we can all see, not nearly far enough.
Too much greed in the land. We're the pinions to most of the C's in this world.
Been averaging down since last year.
Scheduled for Aug 20 in Las Vegas.
Some of us are long on this stock. I'm in it with 835k shares at an average of .0437 - do the math & you will see why I'm still here.
Good point Steve. I bought more on the low dip today as well, but my average is still right below a nickle.
We are due for a 10Q now (2nd 2008). I am hoping that it will come before the shareholder meeting and give the share price a boost.
My average is twice that of yours, so you know what I'll be doing. The good news is what many on this board has been saying and that is this company has more going for it than this one well. I honestly believe that if you hold, then the stock will again go to your average and higher still. Go with your gut.
U2 - tomorrow's another day, and the 10Q is overdue. Gud pm 2 all!
I have no choice about staying in - my average is .0449
or...he is just not ready for the stock to take off yet. It comes back to the infamous "at this time" comment.
Lone Oak #1 is not commercially viable at this time.
For me it was more of a temporary disappointment. I still believe that this stock can make us some money in the long run, and I am long already (GRIN).
The wording has me thinking...
HOUSTON, July 28, 2008 /PRNewswire-FirstCall via COMTEX/ -- Universal Energy Corp. (OTC Bulletin Board: UVSE), announced today that the first test well at Lone Oak was not found to contain enough hydrocarbons for commercial production at this time.
Could imply that the well would be commercially viable at a higher oil price. Another thought could be that they are waiting until the increase in A/S before letting the "cat outta' the bag" - citing that at oil $127/barrel it wasn't viable, but hey look...at $158/barrel, and after the additional shares available, it is commercially viable. Hmmmmm.......
That would have been the one's putting the news out...
Right behind me (GRIN). There will probably be enuf for all of us at those levels soon....unless they throw us a bone (10Q).
I understand your point...but, one would think that the R&D would have pointed them to this particular location (well #1) as the most probable for oil/gas to be found. IMO
I'm thinking that they will follow this PR up with a quarterly that indicates increasing revenue - just to try and balance it out somewhat.
Hmmmmm....I learn something new everyday. It sounds a bit on the illegal side to me.
There are lots of longs sitting at higher averages too.
I think that you meant to say "to satisfy the number of sells that have occurred" - right?
Where did you read your statement below?:
"They really only need more shares for the CD holders and it's my understanding that several of the twelve people involved are already converted. And one of those twelve was a real problem. He didn't care what price he converted at. Definitely not a company friendly financier."
Agreed. I'm going for the gold in this Olympic endeavor!
Good point! My current average is .0449 and it's going to take a lot more than a nickle to get me to sale.
Hold is my current strategy on this one.
I don't place much emphasis on this PR. They have been preparing to go over to the OTCBB since late last year. The audits from 2006 and 2007 have been on their website since almost as long of a time.
I am waiting, watching & hoping that this company starts turning revenue sooner than later. Thanks for the post - I had almost given up on the news front for it.
I am still buying at these prices. Been squeezing some of my other stocks bit-by-bit to buy more here.
Mine filled about 20-25 minutes ago at that price.