Universal Energy Corp (UVSE)

[mimurray]

That is common language that you see in all of these small companies quarterly reports. Or I should say, you see it in the ones that actually do report.

It's basically legalese "cover my ass" lingo. They have eliminated around 6 million dollars in debt already from the CD shares that have been converted leaving them with very little remaining debt.

It's inevitable that at some point in time the CD holders will convert their shares but IMO they will hold out for much higher prices than the current levels.