Universal Energy Corp (UVSE)

[StockGrabber]

I sent Raley an email yesterday and also got the response that appeared to be "canned" within 3 minutes after I sent my email. I sent another email directly to his email address this time rather than to the company's email, and got the following respoinse back within about 10 minutes. Any comments on what he is saying in his email below?


"The response was not “canned”, but was standard to prevent any info that could be considered insider.

We are not able to do any “conventional” ( I assume you are speaking about bank) financing at this time due to the debenture agreements. After these debentures are cleared we will certainly look at that option now that we have revenues and positive cash flow. That of course was not an option a year ago when we did the debentures.

We cannot say how long this pressure will remain. It is dependent on the rate of conversions and if a big buying market picks up like happened the first day of July.

Thanks

Billy Raley
Chief Executive Officer
Universal Energy Corp.
30 Skyline Drive
Lake Mary, Fl. 32746
T - 800.975.2076
C - 407.562.8162
F - 800.805.4561

[e-mail] "