Universal Energy Corp (UVSE)

[roguetrading]

Calm down people it's not as good as you all seem to think it is. The only reason they are profitable is because of the $3.5M from the debentures and warrants.

Revenue: 328,476
General & Administrative expenses: 736,572
Other income (expense) 3,544,608
Net income (loss) $ 2,938,337


Other Income (expense). Other income (expense) for the period ended June 30, 2008 increased $3,568,584 to $3,544,608 from $(23,976) for the same period in 2007. The increase was attributable to change in fair value of embedded derivatives in our convertible debentures and warrants.

If it wasn't for the "Other Income" there would be a loss of $408,096. Not to say they don't have rapid growth potential, but there not there yet.

roguetrading