Replies to post #23041 on Universal Energy Corp (UVSE)

[techno53]

Correction UVSE..

[eddy2]

If they had revenue why then the convertable dept offered at such a low price. Then the holders converted the dept and from what is indicated from the trading patterns sold the shares and diluted the share holders that were loyal and stayed in and road it down. Thats the way I read it. What kind of manegment would do that? One that is in trouble and right now are giving investors a chance to bail by spinning the money wheel with the market makers, but they won't spin it for ever and look out when it stops and the first indication is the sliding to the pinks that is my opinion for what it is worth.

I'm a day trader and my job is to find the money wheels that are in the market and work them make money and thats all and I can say that I'm done with this one see you folks at the next wheel of fortune and to the ones going long good luck.

[carl2591]

4 income producing wells!!!.. is that all. it cost $40-$50 a barrel to produce oil.. with oil at $40 they are not making money with the cost to keep the wells up and such..

go to hemi board and see the letter to share holders they posted it most likely in IBOX now.. read how much it costing them to keep 3 times that many wells going and they only had a profit of $8,000 buck last year.. oil sales only produced $136,000 dollars and it took some $300,000 for maintenance..

this pos is dead money and so is the CEO





Posted by: techno53 Date: Monday, March 02, 2009 11:28:18 AM
In reply to: eddy2 who wrote msg# 23040 Post # of 23076 [Send a link via email]
All Speculation. None of you know what USVE is contemplating. The last email I received from Raley was they were exploring all options. Why would a company with 4 income producing wells slide to the pinks. The stocks that slide to the pinks are the ones with no source of income. This company is just riding out the CD conversions.

The company is worth more if they institute a stock purchase plan. Also, with their low debt and income producing wells, they are a prime company to be purchased by another oil company.