Hey mikeyk, It's been a long time since I was here, how have you been? I think I'll be popping in for my morning read from here on. It beets the comics on the back page.

I lost around 5.5 grand on this POS. BTW, why is that sticky still allowed to be floating around at the top? It's all nonsense.

The .0002 that it's worth? No Eddy2. It's not worth .0002. It's worth even less than that.

Ok thank you for the reply.

Why does it say the last price is .0005 here, but on google it's at .0002. Thanks.

See that little blip back up to .0002. That's me jumping back in. Like I said, just a blip.

Plenty of "form t"'s.

I know it's not the first time. It's also not the first time we've seen a bid at .0003, and ask at .0004 - and a sell at .0002.

As usual, someone is playing silly buggers.

Possible issue to CD holder at 20% discount? Just a guess. But way too low a volume at 10 million I would suspect. But anyway, it would make sense to me at least.

BTW, when will we see the OS registered on Ihub, google finance etc for what it is? I was told last time I asked that they update it after the 10Q, but it is still sitting at 250 million. Post 10Q. Just curious.

Boys gotta have toys!

Markets gone all tops turvy today again. Just when I thought we'd seen the bottom, I think oil is going to be testing the new lows again. Won't last too long I don't expect. Oh well, time to hit the sack, it's late here.

G'night all!

Ha ha all too true.

" That is a HUGE problem in our society in general. People aren't willing to take responsibility for their own actions and so they look to blame others for their own missteps."

And then they expect a golden parachute when on their way out the door!

Lowest volumes I've seen in a long time, so far.

Kev. I too have lost out here. But it's my fault. Frankly, coming in here and throwing out wild accusations is a little more than harsh. You're clearly upset, as we all are. But to blame any one person here is a bit tough. I think you owe him an apology. Now, I'm just going to go sit quietly in the corner myself, as I am still peeved at losing SO much in just 3 months. And I blame myself for that.

But who knows where it can still go...

Happy Thanksgiving everyone. I am not an US citizen so have never quite understood it, but what I do know of it is all warm and fuzzy. Hope it is a good day for you all.

Regards
Stav

We can't help them now, they're clearly to far into dumping to have cottoned on. Makes me wonder how such wealthy people got their money in the first place!

Let them dump like never before, I say. Let them get it over and done with. Without them, UVSE PPS will climb back up. So the sooner they are gone, the better for all of us.

Well, we've seen a 262 millions OS increase before and the next highest was around the 135 mark. After that, I think one in the 90's then most have been around 70 million or less. Anyone know what the most recent increase was? There must have been one today.

BTW. As the CD gets his shares at 20% less, and when he dumps, PPS goes down 25%, the CD holder, at this level, is actually loosing 5%, by my usually misguided calculations...

Oh wow, a new name, how totally unpredictable.

Well IMO, a 49 million share dump and we get to stay at .0004 is not exactly bad. Came out ok. For now.

WOW ok just seen that. Went from 576000 sells at 10:25 to 30 Million sales by 10:44. That's a serious dump. Only Homer Simpson could beat that...

I have no doubt about that fact - that they are idiots. But I can not with any amount of imagination see how this can go lower with these kind of HUGE buy VS sales ratios. This should be flying up. It isn't. But that doesn't mean they can push it any lower.I just can't see how.

I cant see it getting any lower than this, certainly never at the current volumes.

Does it get any quieter than this?

No surprises surely? Given the recent 8K.

But, on a good note, I STILL expect a bounce back. Absolutely I do. I cant help but get the impression that something is in negotiation that they are not telling us. Something good.

I dont expect a BIG bounce - maybe only next year. but for now, I wouldnt be surprised if we hit rock bottom and bounce back to .0007. Call it a hunch. But thats the way it is.

Next year I expect to see nothing but GREEN. .001, .005, .007, .009. And so the story goes.

Disclaimer: My hunch is nothing more than what I feel from the 10Q. That's all there is to it. Want an absolute answer - then go through it yourself and deduce from it what you will.

plenty of sells today. over 20 million sells with a handful of buys. dumping has begun. Now we have one more storm to weather. I get so frustrated. Just want them to get it over and done with so we can get on with getting back to a normal PPS - which at this stage looks as low as .001. Not sure how much lower we will go before we start climbing back.

Perhaps that part of an OS increase. I still see under 1 mil normal trades.

Gremlin on the board? How the heck did it double post?

Yeah, maybe leave the O/S for a few months instead of changing it every 7 days! that would be helpful. Doesn't explain the A/S increase then.

Hope this new lot are not as shifty as the first few who drove us down to the tripple 0's.

From the 8k

"On November 19, 2008, Universal Energy Corp. (the "Company"), consummated the offer and sale of an aggregate of $777,0000 principal amount of its unsecured convertible 8% debentures and associated warrants (the "October Financing"), dated as of October 31, 2008, between the Company and the purchasers of the debentures and warrants (collectively, the "Purchasers"). The Company received aggregate proceeds of $605,000 reflecting a 20% original issue discount to the Purchasers. The Securities Purchase Agreement, although dated as of October 31, 2008 contemplated a simultaneous signing and closing which occurred on November 19, 2008.

The debentures will be due and payable on September 30, 2010. The debentures bear interest at a rate of 8 percent per annum."

What does that mean? More CD holders?

Mikey, you're the guru at this stuff. What are they telling us?

THanks in advance.

Hi Jack. Would love to give you an answer but I am going through the 10Q and 8K tonight. But there seems to be a great deal of confusion over the exact number from what I've read here.

New 8K out today.

Good post Mikey.

The dichotomy of investing in UVSE. We all want success. We all want Raley to be a star. Yet we are all nervous because he has disappointed us in the most alarming fashion.

Good luck to us all.

"Raley has told me as much."

Well right now I cant possibly believe a single word that comes out of Raley's mouth. As, when and IF he provides me with a reason to change my mind, I'd be delighted.

Nonetheless, until then, I applaud your resilience.

But I myself believe that if the AS has gone up there can be only one reason for it -CD holders.

Therefor, they dont want the cash, they want the shares.

Therefor, more of the same.

How else could they be making sure they make money?

Last I saw was they were releasing more shares on every 7th day from and including the date of the previous increase. So we should be due for one on the 18th. Wait for it maybe? Although, I am sure the pattern will not be quite that predictable.

Someone bought 100 shares. That's .07c worth. Wow.

I do not regard what you have written here as pumping at all. I think it is sound logic made from your own deductions, mixed with some hope. Which any investor should show for the company they put money into.

What I meant earlier regarding someone else's post was based on the fact that sometimes less is more. What we need right now is current feedback that is relevant to what we are experiencing today if we are to make sound decisions. We are in a critical time, again. We could still get away with something, or we could be reduced to nothing in the space of just a few days. We need facts that will help us make the right decisions. Leaving us without anything to help plan was in my opinion a massive error on Raley's part.

Posting three month old articles as if we'd never seen them before does not contribute to clear decision making. We are not making decisions based on a three month old share price either. And I am no different to you or anyone else here - I am in UVSE. I want and hope for success for the company. I am upset by the turn of events recently. And I am not letting my emotions sway my decision making, (I still have every right to be pissed off), but I need facts. As does anyone else here.

Like most of you, I am hoping, and somewhere at the back of my mind I even expect a full explanation in the 10Q that not only explains WTF has been going on here, but also gives me revitalized and renewed faith in Raley and in UVSE.

Right now, I just want facts. Relevant facts.

Yes. And I took positions at .02, .009, .005, .002 and more at .001. I am in deeper than I'd like to be right now. And I am not bashing. What I am doing is taking the opportunity to express my disappointment in the way the company has managed this A/S increase.

Why publicly?

Because Mr Raley did not give me the opportunity to express my disappointment in a vote. Nor has he answered private emails. Quiet time understood - this matter should have been brought to our attention in good time beforehand. It wasn't. So this leaves me with one option, do it where perhaps he'll listen or someone will pass the message onto him. And frankly, I'm not sure he even cares what I think. But that I hope will be clear after the 10Q.

Of course I want UVSE to fly. And I'll sell tonight and get in again on Thursday. I'll lose 60-70% of my investment. But I should get more shares than I have now when it hits the bottom. And I do believe the company has a good future.

As for trying to pump with three month old news? Well, I cant stand that kind of thing. If people were honest about where the better investments are to be found, fewer people would be in this mess in the first place. Many of us have stuck around because we believed in UVSE and in Raley. But this has revealed a more sinister side to him. And rather than try to focus on the good side which I can't even be sure is real, I'd prefer to focus on current reality. Which as of now, looks bleak.

GLTY.

oski. why post something that was released nearly three months ago?

Quiet time?

Understood.

And respected.

Full stop.

But here's the thing, he increased the AS by 5 billion.

Not 5 million, or 50 million, or even 500 million. But - 5 Billion.

When?

Where?

Why?

How?

And without a proxy vote, or at the very least, an explanation.

Mikey, I do understand what you're saying, but its not as if this guy has shown any respect at all for the shareholders. his timing has been intentional. Why else would he have implemented an AS increase in his quiet time? how convenient.