Universal Energy Corp (UVSE)

[Ranb2khz]

Ben, the last sentence of the paragraph that you quoted goes as follows:

"However, the Company anticipates that it will need to raise additional equity capital in the near future through the issuance of common stock or other securities that are convertible into, or otherwise grant the holder thereof the right to purchase, common stock."

Maybe I am the only one that understands this to mean that there will be an immediate increase of O/S shares; if for no other reason to cover the CD. I honestly believe that the owner(s) of the CD are either company insiders, friends or family and that the company will use company shares to cover it - not cash.

Will the immediate increase have an effect on the current share price? Beats the heck outta' me. But as for me and my meager holdings - we'll just hold and see.

(all comments here are my opinion only)(GRIN)