Universal Energy Corp (UVSE)

[StockGrabber]

For those who did not see it yesterday, here is a quote from an email I received from Raley yesterday morning. This was not a canned response because it addressed specific questions from my email. This makes it sound as though things will stay pretty still at these low levels for a while.

"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."