Universal Energy Corp (UVSE)

[mikeyk]

The first round of financing involved all the naked shorting and short covering. The point mimurray was making was that somehow Raley has convinced someone to put up another $777K of financing, not due for 2 years. I agree that either this person is stupid beyond belief, or that this person knows something that we don't know, and believes the company will still be around in 2 years, and that they will be able to recover their $777K plus some profit for their investment. This simple act of financing shows that something must lie ahead for the company besides bankruptcy or going into default.