Universal Energy Corp (UVSE)

[mikeyk]

Not sure where a R/S would fit in, you need to create the 93.5 billion new shares first. My personal thoughts are that the proxy vote will be a yes. Followed by CD conversions until this drops to NO BID, then very possibly a R/S to reduce the share structure and try to get get it trading again. I just don't see how anyone thinks once these shares start flowing, and right now conversion price is down to .00024 thanks to 3 straight days of .0003 closing bid prices, that the CD holders aren't going to dump until they stall themselves at NO BID like they did back in January. I don't know how many billions of shares the MM's are going to be willing to absorb, they need a way to unload them, but without retail interest, thats not very likely.