Universal Energy Corp (UVSE)

[brodyterrier]

Note Message Number 24614 which, if legit, would confirm that USVE is not buying back shares. I am certainly aware that it is possible to contractually waive the provision in the debentures which prohibits the repurchase of shares IF you had the agreement of all CD Holders. One holdout would kill the deal and since the last CD placement is still in the Rule 144 holding period I can almost guarantee you that these CD holders would never agree to this.

MICROCAP PIPE CD 101

The money is made from the 20% Original Issue Discount and the 20% reduction from the bid price in conversion. It is very rarely made from price appreciation of the stock.

Convert as much as you can as soon as you can. Recoup your original investment, book a profit and hold on to some "free" stock for a little while to see if there is some stock price appreciation. Is so sell the balance quickly. If not sell the balance quickly.

Do not hold on to the stock. Why not. OK here are two obvious examples:

1) Immediately convert $1000 principal amount of your debenture at $1 per share. You receive 1250 shares worth $1250. $1250 less the $1000 amount of debenture conversted equals $250 profit.

2) Wait several years and a miracle occurs, the stock goes to
$10. Convert $1000 principal amount of your debenture at $10 per share. You receive 12.5 shares worth $1250. $1250 less the $1000 amount of debenture converted equal guess what $250 profit

Having done numerous of these transactions I know what I am talking about.