Replies to post #16319 on Universal Energy Corp (UVSE)

[Go_Dog_Go]

I agree. I think refinancing the existing debt could be done pretty easily for this company. I have been wondering, the only insider holdings info I could find is that Raley holds 1 mil shares. With a company that is making a profit and has low debt or an easy way out of debt wouldn't this company be ripe for a takeover. Raley could be out of a job right when the company is about to turn the corner. Now I don't know who owns what behind the scenes but it seems to me that it is in Raley's personal intrest not to issue a bunch of stock willy nilly. At this PPS someone with a few million $ and a hankering to be in the oil business could get a sweet deal on a solid company. I don't think we will see a massive O/S increase. IMO