Universal Energy Corp (UVSE)

[mikeyk]

Your implying that an revenue producing OTCBB Oil and Exploration company is the same as a pink sheet venture capital group that never filed a single thing with the SEC? Did the owners of PCSO also have their own personal cash tied up into the company, both Raley and Watford won't get their $350K cash back if the company sinks. It's not just their stock ownership and options that are at risk right now. They have an incentive to try not doing a R/S if at all possible for their ownership/options, and another A/S increase will make it much harder/more expensive to repair the share structure down the road. It all comes down to what the remaining note holders are willing to allow for repayment terms now, debt has to be somewhere around $1.5 million by my last estimates. This can be repaid by revenue/cash on hand, or by share buybacks so that the note holders are guaranteed their 20% return. But until we get an answer from the company on whats next, it's all guessing games.