Replies to post #11489 on Universal Energy Corp (UVSE)

[mimurray]

I agree with that, and there is of course the possibility that there has been some naked shorting here. That could be uncovered rather easily if the company would call in for a NOBO list. I don't think we are at the need for that quite yet.

I still can't help but go back to that very precise statement that they made saying as things stand right now they have no immediate plans, arrangements, or need to issue any of the upcoming new authorized shares.

We all know they have to increase them because they are currently fully capitalized and I believe that there are certain trading requirements mandated by the SEC that a fully reporting company can not operate on a fully capitalized basis.

I also understand that it makes sense for them to bring the authorized up to the level they have stated in the PR because it eliminates any need for them to issue any PR in the future to release more authorized shares. In other words, why issue more PR's about increasing the A/S then is absolutely needed because shareholders never like to hear news like that. So...just because they are authorized does not mean they have any plans at all to issue any of them in the near future, or even down the road.

I'm thinking that they believe they are right at the point where they are going to be bringing in sufficient revenue to cover all their operating expenses thus eliminating any need to sell shares to raise money.

So I get back to my original remarks and I think there is a pretty good possibility that the recent CD's have been satisfied during the recent dilution.

We also know that a decent amount of the recent trading volume can be attributed to people flipping shares. Myself and stockobserver both reported that we have flipped a fair amount of shares in the last couple weeks and I highly doubt that we are the only ones. There are some TOP traders on I hub following this stock and the momo it has generated is exactly the kind of action that they look for when trading a stock. So we don't need to assume that any discrepancy in the reported O/S, and a number potentially higher than that 250 million number is due to naked shorting. It could very well be just the churn generated by day/swing traders.

I'm feeling pretty good about the share structure and I do think that more of the CD's have been satisfied then previously discussed here. In fact I think they may done, or very nearly done. That puts us in an even better position if that in fact is the case!!!




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