Universal Energy Corp (UVSE)

[rheddle]

Yes I did - here's a repost of the summary:

Posted by: rheddle Date: Tuesday, August 26, 2008 12:57:55 PM
In reply to: DD2win who wrote msg# 16055 Post # of 16135
Ahem: From the recent Def 14A:

"During the period from June 10, 2008 to July 3, 2008, the Company received conversion notices from our debenture holders as to $2,976,660 principal and interest amount of the September 2007 Debentures and the November 2007 Debentures; we issued an aggregate of 219,450,818 shares of our common stock in connection with these conversions."

" As of August 1, 2008, we have issued and outstanding an aggregate principal amount of $5,965,848 of convertible debentures; based upon currently applicable conversion price of $0.0116 per share approximately 514,297,241 shares will be required if the Debentures are converted in full; additional, 139,635,836 shares will be required in order to satisfy our obligations under the Warrants at the current exercise price of $0.25 per share."

" Due to the limited number of shares of common stock available to be issued, the Board has unanimously approved, and voted to recommend that the stockholders approve, an amendment to the Company’s Amended Certificate of Incorporation pursuant to which the number of shares of common stock which the Company would be authorized to issue would be increased from 250,000,000 shares to 1,500,000,000 shares."