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loading on TONE for trade ..................QQQQ breaks res. big buy :)
Looks like UVSE might move...WOW these guys are lucky "Universal Energy Corp. Reaches Successful Settlement Agreement in Lawsuit"
HOUSTON, TX--(Marketwire - 01/19/10) - "We have persevered through a difficult time at Universal Energy Corp. (Pinksheets:UVSE - News), and management is fully committed to bringing it all the way back," commented Billy Raley, Chief Executive Officer of Universal Energy Corp.
On September 1, 2009, Universal Energy Corp. (the "Company") was served with a verified complaint by Roswell Capital Partners, LLC, as Collateral Agent for BridgePointe Master Fund Ltd. ("BridgePointe"). The complaint, which was filed in the United States District Court for the Southern District of New York, related to the investment BridgePointe made during 2007 in convertible debentures of the Company (the "Debentures"). The Debentures were secured by certain assets of the Company and its subsidiaries. In the lawsuit, BridgePointe alleged certain events of default by the Company including failure to pay the "Monthly Redemption Amounts" when due during 2009 and the failure to authorize and reserve a sufficient number of shares of common stock as required by the debenture agreements.
Terms of the Settlement
The key terms reached by the parties were to pay 55 percent of the principal balance plus interest. The agreement allows the Company to purchase its debentures with two equal cash payments. The first payment is due no later than May 1, 2010, and the second is due no later than June 1, 2010. Additionally, 10 percent of the previously outstanding principal and interest balance was paid in common stock.
Raley concluded, "Management has set the tone for 2010. All of the Company's convertible debentures have been retired and that's a big step in the right direction. With this lawsuit behind us, we can accurately complete our quarterly filings and resume growing this Company."
Universal Energy Corp. is a publicly traded (Pinksheets: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.
This thing is a little overbought holly macroeconomics.
I think the CROSS signals lower consolidation here based on TA.
They said that they acquire 48 grams of Gold per day thats like $2000 dollars a day plus silver couple dollars there? since it takes about 28 grams for ounce? lets say they get $700,000 a year and hope to double that to 1.4mil future prospect at 50 or so million issued trading shares this should be trading at 3 cents a share. Not including the 200million OS and wow AS . Am I missing something?
what is their profit year to date does anyone know? thanks
if they can that is the ? speculation is not proof
I wonder if they get a contract because by my book this is overvalued with 2million in debt and 12 thousand in cash unless this is about to get a contract I can see it as a good play. GLTA
PS not bashing just wondering GLTA
value is subjective always and controlled only by market
well I can give u a take.... markets are price driven -hence dollar decreased ups inflation of dollar it self thus giving the stockmarket a boost of NUMBERS not worth. Get it? at some point deriving value will increase based on inflationatory measures created thus making numbers much much larger .
Hey ClayTrader can you run a video on 2 companies ?
TA Travel Centers of America (my opinion Undervalued ,just got mini Berkshire LUK fund that got a stake in it.
NRGN Neurogen (a deal in the making for a drug compound ,broke through the trendline) GLTA ;)
P.S. Love the TA videos
it sure is a good find
I hope this goes up slow because if this gets news the thing will get a moon lift more like Mars the way this thing trades.
this is ready
Epix CEO screwed up by not putting the company for sale ,New GOV. healthcare system will bring in huge $$$$ for BIO but u have to be able to exist till that time comes. Think b4 u drink
DOW hits 11000 by end of the year
record volume I shall reinstate ,lets go for he clouds ;)
nice volume ,I think someone just loaded a boat load of NRGN
I read the results and it seems to me that Davis is looking for a buyer but I could be wrong, they have some nice results to let it go for nothing . One can only wonder that Davis is trying to cut costs to prolong the company . I guess I would do the same in this economic fart.
I hope you average for some profit since this POS is ready to be sold out or out to OTC .
after the FDA approval EPIX should have went up for sale....wtf were they thinking?
NRGN looks good crazy undervalued
large biotech are in a much stronger position than one may think,they use markets to get em cheap;)
The pot is cooking for sure now
TA looks very nice I seen them carrying Jones Soda for truckers delight hmm
very smart people run this company ,funds added allot of shares not to long ago. Good time to be in ;)
consolidation ,watching the break guys ;volume WOW
nice W@G congratulations , I stepped in a little to early I should have waited a day.I Was looking for a doji/hammer (come on) I think GM bailout fluff pushed it upwards oh well
This looks like NRGN amazing
since the recent gap maybe 29.05 for the fill .
i think there was a massive short attack on this company I thinks something to do with the people running this one.
ok I will try a Q at 29.50
Bears eating bounce honey ,dead cats dancing the dance . We need NEWS and it better be not just good but enormously Good or DOW will see 6000's before year ends.
I think we may see lower 20's even though double bottom charts say bounce seems to me TA is about as historical as hysterical do to fundamentals. It sure sucks to be a bull these days. Stocks worth 20's trading at 2's ,Portfolio killer but Traders are making a killing .
pfeizer likes results
People running this outfit are far from incompetent,something is in the churn.
I like this company ,chess players
if whatever they do does not work than look at the big picture of the Dollar, Europe revised currencies into Euro for what reason? Dilution of the dollar will be the next step just to cover the numbers than get them revised and combined with other currencies and problem is solved. Watch for the beginning of 2009 for housing to stabilize. Fed is going to be more powerful and the point of this fiasco was so they can.