Universal Energy Corp (UVSE)

[mikeyk]

I quoted market cap, thats O/S count times PPS, not the 5 billion A/S times conversion price, which is the average of 3 losing day bids, not 1, with a 20% discount. Marekt cap is in the 1.6 billion share range times the PPS which I figured at .0003 and .0004, giving the market cap of $480 - 646K.



As for profitable, it's right at the top of the 10Q, first quarter the company has reported a profit, it's only a 2 man operation right now, not like they have outrageously high expenses. You have to also remember they lost 1 month worth of revenue from the hurricane shut-in ordered by the Louisiana Governor.

 
 Revenue	 	$	330,226 
  	 	 	  
 Cost of revenue	 	 	128,135 
  	 	 	  
 Gross profit	 	 	202,091