Universal Energy Corp (UVSE)

[mikeyk]

Usually in a R/S the A/S is also decreased by the same split amount. Say a 100 to 1 R/S would take the A/S from 100 Billion to 1 Billion, and the O/S from the Raley claimed 32 Billion to 320 million, but I somehow disagree with that number since it doesn't agree with the companies 8K release that the O/S was 91 billion shares. I'd say for UVSE to be able to raise any funds they'd do a 1,000 or 10,000 to 1 R/S, bringing the A/S down to 100 million, followed by an A/S increase to somewhere around 250-300 million, then turn around and do another stupid CD deal with the same idiots that already scammed all the shareholders. I don't see anyone else lending this company any money until they do something with this outrageous share structure. We'll just have to wait and see what rabbit Raley pulls out of his hat next, nothing he has announced has come true yet.