Universal Energy Corp (UVSE)

[mikeyk]

Sorry, thanks for the advice, but I'm looking at the forest, not just a few trees. The company is not toast, it has just finally become profitable. Debt will continue to go down, revenues will continue to go up. You really have to stop thinking short term, this is a long term hold, you might have heard the word before, it's called INVESTMENT. Warren Buffets first investment was $10K, and forgot about it, he gave the money to a friend to invest for him. He didn't even pay attention to it or watch it. It was 20 years later that his friend reminded him of his investment, at that time it was worth over $100 million. I am not looking to sell this tomorrow or next week or next month. I plan on holding this for at a minimum of 2 years if not longer, lower cap gains tax. By next year there should be at least another 4 to 6 wells up and running. As revenue continues to grow, more money will be available to accelerate growth. The CD's will be paid off, growth will be paid for by the companies own revenues. It may start slow, but as I said, as revenues grow, drilling will accelerate, and with it production and more revenue will follow.

I have patience, I can sit and wait.