Universal Energy Corp (UVSE)

[eddy2]

If I were owning this stock I would look at note 7 in the last 10Q were there is still $2,006,164 to convert as of Sept 08 10Q. The interesting part is the customary default provisions that says if they should fail to file and have a registration statement declared effective it says the dept can be converted, all of the two million dollars at $.0007 a share or at the closing price for that day after 20 days of not filling. Thats of course if it isn't converted and that we wouldn't know untill they file.

Note 8 you mite want to read again that 4.99% of the company stock is only for that CD that was writen on that date it dosn't have any effect on the other CD's dilution. I will stop there but I will say with the default provisions in Note 7 this thing is a ticking time bomb should they not file and slide this stock back to the Pinks. Oh the warents make it inviting thinking this stock will get to 25 cents a share but not after a lot more dilution if this company should not file by the provisions set out in note 7. You got to like the game.

Hey I'm sure these are good people and can be trusted holding six billion authorized shares and we all know how dilution works. You will have twenty days to act to get rid of your shares should they default can you imagine the exit sell off if this should happen.

The thing that puzzels me is the fact that a company needs 300 share holders to be a public company and they all can't be dept holders on the sept 2007 dept noted under note 7 can they? Then maybe they can. I wonder if it was not there to turn us off from buying this stock, interesting thought, a great game they have put together for sure and there sure is a lot of interest on this stock noted on this boards postings from news that isn't worth spit.