Some calculations
First of all, I am no basher, only trying to be objective (what some of you aren't anymore). I don't own any stock of UVSE yet.
I watched it since June/July and of course I thought of investing because pps seemed to become cheaper and cheaper.
But the numbers provided are not that good.
I'm really sorry for those that are deep in the red. But IMHO there's no way this will recover soon...
Well, first of all let's do some calculation how much CD debt is paid off these days.
If yesterdays 100 millions sells all are CD conversions.
Lowest closing price the last days was 0.0004, so with 20% discount the conversion price would be 0.00032.
("... based on a price per share equal to 80% of the lowest three (3) closing bid prices of the common stock over the 20 trading days immediately preceding the date of such payment.")
Multiplicate 100,000,000 with 0.00032 and you'll get only 32k $.
Not very much for such a high volume day, isn't it???
OK, now to the remaining debt.
Maybe there's 2.5 million debt left now.
How many shares are needed at this pps level of 0.0004?
2,500,000 / 0.00032 = 7,812,500,000 shares!!!
Remeber, A/S is only 6.5 billion
And think about it: If pps closes a few days at 0.0003 or even 0.0002: Needed shares would exceed 10 billion...
Death spiral financing at it's best.
Means to me: A RS (with keeping current A/S!!) is inevitable, folks!
And don't tell me they pay them off with cash.
The company makes good improvement in revenue, that's right. But they make NO NET PROFIT. The costs are much higher than the revenue itself:
Revenue (9 months) 745k
- Cost of revenue 296k
= Gross profit 449
- Operating expenses 2,490k (!!!)
= Loss from continuing operations 2,041k
Loss! Not profit. So how can anybody tell that they are a "profitable company"?
One last question because everyone's talking about those remaining debt of 2.5 million:
Have a look here, aren't the current liabilities with 6,854,282 way higher??? Or am I missing something?
Accounts payable $ 240,977
Accrued expenses 328,845
Accrued interest 40,023
Promissory notes -
Promissory notes to stockholders, net of discounts of $0 and $80,162 350,000
September 2007 Convertible Debentures, net of discounts of $632,742 and $4,146,443 2,006,164
November 2007 Convertible Debentures, net of discounts of $396,547 and $1,643,775 509,690
May 2008 Convertible Debentures, net of discounts of $1,081,100 175,518
Promissory notes to stockholders, net of discounts of $57,199, current portion 42,801
Derivative liabilities 3,203,065
Total current liabilities 6,854,282
And now it's up to you guys with the red colored glasses, give me some valid answers...
GLTA and Happy Thanksgiving
Jack
AI
Market Data 
Markets 
