Universal Energy Corp (UVSE)

[mikeyk]

Hang in their DD, at least we have an admission from Raley that he's aware and has publicly pointed to the debenture holders is a start. I think you saw their reaction today when they got exposed. We'll have to wait and see if Raley does something about it now that it's in the open. We've all e-mailed him today and I asked for him to call in the NOBO list and expose those responsible and pursue legal options against them since this is clearly illegal.

Still holding for the long term, getting through this mess will take a little while, but the companies profitable now and will be debt free by years end. Then we can get some share buy backs or something to reduce the share count. At least no more stock is needed to fund operations, so this should be able to turn around, may just take a while. IMO