Universal Energy Corp (UVSE)

[mikeyk]

I wouldn't say it's a good day trade, there is just no other reason I can think of that volume would go from 8-12 million a day to 300 million. There has been no news, no updates from the company,and they are still delinquent on their filings, so nothing has become any clearer. Trading this right now is just a guessing game, you have absolutely nothing to go by to judge a price or volume movement by. How much is absolutely nothing worth, is it .0001 or .0010, or .0027, I mean really, what are you going to base a price range/market cap on? We have no production information or revenue figures or any idea of remaining debt or how many more shares will be converted, any future production/drilling, start times, expected production dates. All we have is the known, 6.5 billion A/S, 6.45 billion O/S, 4 producing wells that bring some revenue in, but not how much. This is all my opinion and should be taken as that.