Universal Energy Corp (UVSE)

[Sunrise_Surfer]

"The proposed increase in the number of authorized shares of common stock will not change the number of shares of common stock outstanding or the rights of the holders of such stock. Other than for the possibility of issuing new shares of common stock upon the exercise of outstanding stock options or warrants, the Company does not have any immediate plans, arrangements, commitments or understandings with respect to the issuance of any of the additional shares of common stock that would be authorized by the proposed amendment to the Amended Certificate of Incorporation"

There is currently $5.9M left in debt to these cd holders so it is very easy to see how many shares would be added when converted. If we can get back to a respectable level the number is very manageable.