Universal Energy Corp (UVSE)

[mikeyk]

Depends on the formula being used and share price being used. The company has cash now, so they can limit the conversion as much as possible. As long as they keep holding the share price low through NSS, then the more shares need to be issued. But the cd holders cannot convert more than 4.99%, anti-dilution clause in the contract, of the O/S at any time, and payments I believe are due once a month. So we'll see in about 14 weeks.