Replies to post #16721 on Universal Energy Corp (UVSE)

[mikeyk]

I believe that is what I was driving my point to regarding the convesrion rate. The A/S is irrelevant, however the conversion rate may have an impact on the O/S. With the PPS so low, more shares are needed if converted, if the PPS went from where the 10Q factored the conversion, .0116, to say .11, we would go from 750 million shares needed in reserve to 75 million needed. I believe that is why we are stuck where we are in PPS, hopefully the CD holders are not involved in the manipulation for more shares. Someone is dead set at forcing a higher share coversion here. Hopefully we get conventional financing in place and put the O/S rise possibilty to bed, the we can start to see some fair valuation on the remaining O/S.