Universal Energy Corp (UVSE)

[Ben Bien]

I apologize for the mix-up BMiles, and as for the comment about CDs "already being sold" I do not think that is confirmed until we find proof of such dilution. The company has already released today the notice of potentially increasing the authorized shares to 1,500,000,000 upon voted approval at the August 20th meeting. Just because UVSE is pricing lower does not mean that more CDs are diluting the OS pool; UVSE is pricing lower but only gradually this week due to lowered futures in oil and gas as well as due to the pending nature of the Lone Oak project. Remember that Univ. Energy projected a 12-July-2008 date to finish their drilling, but since they did not finish by the 12th it is reasonable to see some people selling and exiting their positions in response. Also, if you watch the February 2008 interview of the CEO, he specifically says 80% of their production is natural gas, and since natural gas has priced significantly lower this week, this lower pricing will undoubtedly have a significant adverse effect on UVSE's share price. Please note that this is NOT a primarily oil-producing company; their production is 80% natural gas and 20% crude oil according to Billy Raley.