Universal Energy Corp (UVSE)

[mimurray]

That's possible but could prove to be a pretty risky gamble for them.

There is no certainty at all that they are going to issue a ton of shares when the A/S is increased. They really only need more shares for the CD holders and it's my understanding that several of the twelve people involved are already converted. And one of those twelve was a real problem. He didn't care what price he converted at. Definitely not a company friendly financier.

It's also been said that the remaining holders are going to play ball with the company. They realize that they have way more to gain by holding for higher prices.

So if there are hedgies, or MM's that are banking on seeing a whole bunch of new shares hitting the market they could be shooting off their own feet!!!