Thanks mimurray,
I studied as a pre-law before realizing that I had no interest in becoming a lawyer, and this realization comes from another observation I made: words are insufficient to communicate meaning. To apply this observation in the case of UVSE, it appears that there is conflict about two questions: first what is the true quantity of outstanding shares in existence presently? and secondly, what will be the future quantity of outstanding shares in existence in the future. From the recent filing, Univ. Energy management expresses the NEED to raise the authorized shares limit to 1,500,000,000, but management does not express the WANT to release more shares at least in the near term. By reading the legal meaning of their words alone, we can discern these two facts from the case. This reading tells us that the outstanding shares remains 250 million; this reading also tells us that we do not know how many shares will be released in the future. The weakness of words allows for the company to go back on its word about not releasing further shares in the near future as they stated. So long as management has kept its word in the past--which is highly probable since they are a public company which legally filed statements--we can surmise that the present outstanding share quantity at 250 million. And so long as management keeps its word about the future when it said there were no near plans to increase outstanding shares, then we can surmise for at least now that there will remain only 250 million shares even after they increase the authorized share limit to 1.5 billion.
If anyone questions whether there are more shares than 250 million, then that person or group of persons will be questioning the legality of the company's issuance of more shares than is authorized. Logically speaking, if the authorized shares was previously 250 million, and if the outstanding shares released by the company reached the 250 million mark, then it must necessarily follow that there are only 250 million shares in existence presently. The fact that the company is meeting to vote for an increase of authorized shares deductively means that the authorized share limit has been reached. And so, as of today, the quantity of outstanding shares equals the quantity of authorized shares: 250 million.
The August 20th meeting in Las Vegas, which I would love to attend since I have a severe gambling problem, only votes on the increase of authorized shares to 1.5 billion so that the company can release more shares exceeding the 250 million in the future if they need to finance their operations. If the profitability of their operations outweighs the weight of the quantity of shares released beyond the present 250 million mark, then there is nothing to worry about. But as I stated in the beginning, there is only so much we can say and do using only words. Much of what I have just said---concerning the true pricing of UVSE presently and the true pricing of UVSE in the future if more shares are released---can only be further explored by means of mathematical models or "crunching the numbers" as some like to put it. Those members on this board who have contributed their own speculations as to the possibility that UVSE is trading in the form of more than 250 million shares has presented various models such as Fibonacci, but these models are only true IF there was illegal deception perpetrated by the company in releasing more shares than the authorized quantity. Those of us who have confidence that the company has not illegally released more than 250 million shares will maintain that UVSE only trades 250 million shares. We must also take into account the practice of naked short selling by Market Makers, and how naked shorts would account for the immense trade volume. If UVSE is being nakedly short-sold, that means it will APPEAR as though there are more than 250 million shares, because naked short-selling is the selling of stock short without having actually borrowed the stock. It is one of the problematic practices that the SEC has allowed to exist, and so I would conclude that perhaps naked short selling is the source of our confusion about the true quantity of UVSE's outstanding shares. If UVSE has in fact been nakedly short-sold by Market Makers, then once these naked shorts cover their positions it will produce a most beautiful and lovely symphony of green bars firing into the upper strata of any chart which attempts to contain UVSE within its limits. Ah, how poetic.
Regards,
Ben
I am a human being, therefore I make mistakes.
