Universal Energy Corp (UVSE)

[Go_Dog_Go]

As I was reading the report on pg 26 in last paragraph under Liquidity & Capital Resources I read this.

At June 30, 2008 we had cash balances in the amount of approximately $55,300. Our principal source of funds has been cash generated from financing activities. We have been unable to generate significant liquidity or cash flow from our current operations. We anticipate that cash flows from continuing operations or discontinued operations will be insufficient to fund our business operations for the full year 2008 and that we must continue attempting to raise additional capital to fund our operations and implement our business plan.

Does this mean they will go furthur into debt to continue operations or am I worring about nothing?

Thanks