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My problem is I dont trust these 2 guys to make sense except whats best for them. Which I usually find ok except these guys seem to be a bunch of cheats. Which could be ok but they have my money and that makes me a little biased I guess. Anyway I believe in the big risk big reward thing also so I do still hope for the best.
Good answer. Just saying I would not trust the guys running this company. Been here too long. Volumn on this stock usually doesnt mean what it normally means. I dont know the answers but I would be shocked if this ever moved up again. That said I hoped I am shocked. JMO
You guys keep pumping. Good luck, God speed and all of that but these guys are as big a POS as this stock. Thats being nice about it.
These people's hands are not that clean. What we know is raley and Watford entered into this financing deal. Watford was a financing consultant for these type of companys for gods sake. The D&D was bad? Raley and Watford spent 1/2 mil easy to pump this stock a year ago or so before diluting the hell out of it. The minor error on the web site caused the company that was going to be bought to put a disclaimer in red on every page of there website that they were not affiliated to uvse. These guys knew what they were doing. They are not oil men they are a couple of guys in Florida with a good plan. All I can do now is hope for the best or hope payback is a bitch. All IMO
IMO What we need are the CEO and officers of these small companys that are getting hammered to start raising a stink. They as a collective group may be able to put pressure on the smaller exchanges where these things are listed and get it onto the politicians agenda. Small companies are big donors to some politicians. Kramer on Mad Money screams about it on just about every show so it is out in the public.
Wow sorry for the question. Didn't mean to get anybody in a wad. I guess I missed that the deal didn't go through somewhere. It has been said many time perception is everything for these little companys and it does only take a minute or two to update the site. They probably do it when they post the 10Q stuff. You are right the numbers look great, Hope the stock starts to reflect them. Anyway again sorry if I got anybody rilled up. And have a pint for me stavros. GLTA
I agree. They seem a little lax in that department too.
DD answered it for me.
The disclaimer makes sense now. I would take it off the UVSE site though.
I have a question. On the UVSE website it states that the company owns a comoany called Powertown Line Construction. But on Powertowns web site every page has this disclaimer in red.
"PowerTown is an independently owned and operated sole proprietorship and is not affiliated with Universal Energy"
Does anybody know what that is about?
IMO all the resolutions passed just like 99% of shareholder meetings. Just wish they would let everybody know so this stock will move foward. I don't think the A/S increase will effect this stock in the long term(unless they issue a bunch for some reason)but once people see the sky hasn't fallen we can get back to a correct PPS. IMO
Think the MMs are dancing to that today. It doesn't seem a whole lot different than tuesday in UVSE land now. We need some news.
I agree. I think refinancing the existing debt could be done pretty easily for this company. I have been wondering, the only insider holdings info I could find is that Raley holds 1 mil shares. With a company that is making a profit and has low debt or an easy way out of debt wouldn't this company be ripe for a takeover. Raley could be out of a job right when the company is about to turn the corner. Now I don't know who owns what behind the scenes but it seems to me that it is in Raley's personal intrest not to issue a bunch of stock willy nilly. At this PPS someone with a few million $ and a hankering to be in the oil business could get a sweet deal on a solid company. I don't think we will see a massive O/S increase. IMO
Weird & tense day. Anybody need a beer?
Thanks, Go USVE Weeeeeeeeeeeeee or something like that.
Thanks I was hoping it was just the storm clouds out my window making me think too much. I always get confused when I do that.
As I was reading the report on pg 26 in last paragraph under Liquidity & Capital Resources I read this.
At June 30, 2008 we had cash balances in the amount of approximately $55,300. Our principal source of funds has been cash generated from financing activities. We have been unable to generate significant liquidity or cash flow from our current operations. We anticipate that cash flows from continuing operations or discontinued operations will be insufficient to fund our business operations for the full year 2008 and that we must continue attempting to raise additional capital to fund our operations and implement our business plan.
Does this mean they will go furthur into debt to continue operations or am I worring about nothing?
Thanks
I'm new to this board, been through the grinder w/this stock, but still hanging on. Does anybody know who owns the other 87 1/2% of Lone Oak?