Universal Energy Corp (UVSE)

[mikeyk]

Those shares were NOT bought on those dates for that amount of money, the money came alot earlier, and the shares were issued in lieu of payment after Raley started defaulting on paying back the loans, those were DEBT conversions. The debt had a floorless conversion feature, the more the PPS dropped, the more shares were to be issued to make sure the debt would be repaid in full. The CD holders then got greedy and started shorting the stock to increase their share count, and just kept going until they bottomed the stock out to maximize conversion, they made their own investment worthless due to greed. They are all stuck holding worthless shares just like you, they didn't buy worthless shares in hopes of striking it rich like you state.