Universal Energy Corp (UVSE)

[mikeyk]

Regardless if the CD holders have finally realized the mistake they have made, the damage is already done and cannot easily be undone. Raley needs cash to do more drilling, nothing is planned as far as anyone knows, so revenue is dependent on where ever the market drags NG prices. Nothing new in the pipeline since July last year. Can't do anymore conversions without further dilutiion or killing the stock, not enough cash to pay debts, continue operations or drill or acquire anything. It's a complete stalemate unless Raley wins the Mega Millions Lottery or someone buys the company out.