Replies to post #11840 on Universal Energy Corp (UVSE)

[Ranb2khz]

In my speculative mind, and considering just the latest CD of $2mil, they would be able to convert all of it at a reasonable price of 0.02 (100mil shares), but only up to a maximum of 4.99% of the O/S. In order to convert all of the CD (as outlined in the above scenario) the O/S would have to go to 1.75bil.

I think that we can all safely say that they probably will not allow all of the latest CD to be turned into stock. It comes back to just how much they wish the owners of the CD to convert and limit the O/S to an amount equal to 105% of that value.