Replies to post #16850 on Universal Energy Corp (UVSE)

[mikeyk]

I believe mimurray is correct on cashed out completely, look at the trading volume for that week, one day alone was I belive 186 million shares. I think this came during the same time the A/S increase announcement was made, which could be another cause of the massive push down on share price. It's possible that the cd holder got nervous on the A/S increase and figured they'd grab whatever cash they could on the way down, and in a way caused the collapse of the stock price at the same time. They may just have kept lowering the ASK along the way to wash their hands of the stock.