Universal Energy Corp (UVSE)

[mikeyk]

The NOBO list isn't even relevant anymore for this stock, maybe back in July or August when we asked Raley to call the list in since we already suspected naked shorting and then were proven correct once the SEC finally released the FTD data. Raley and Watford both knew the naked shorting was happening and who was doing it, and they stated they saw nothing wrong with it, the CD holders were allowed to naked short according to both of them. Of course they never shared this with any of their share holders which is a large violation of Raleys fiduciary duty to the stock holders. Once again the company has gone silent now that it's gone to the pink sheets. Still no sign of the 10K or 10Q, no updates on the supposed acquisition. I believe they are in violation of their financing agreements since the contract called for proxy votes for A/S increases, and we know that didn't happen for Novembers increase. No conversions have happened since February as far as we know, unless of course the large trading that happened the last week of April was just another large 3 billion share naked short/conversion binge.