Replies to post #24513 on Universal Energy Corp (UVSE)

[timmyjames]

I am no pro either, so I may not be 100% correct here, but I will try:

No, the company will not buy them back (Unless they specifically say "Hey, we are doing a buy back...or maybe they do it on the sly for some other reason, but typically, no)

Maybe, one investor will take them all.

Probably, they will be split off to a few buyers, but you can still try and sell it off as one order and let the intermediary deal with that.


If I am wrong here, please let me know.

[valleyboi0]

Your shares will not be bought back by the company. If the company decides to buy back shares, its likely to happen on the open market and you would be none the wiser. Your instincts to sell in smaller blocks is good, and makes better sense because if you put a 2.5 million share block on the market, the pps will be pressured to drop, so sell responsibly.

I would advise you to sell into strength. I have substantial doubt that this issue will EVER make .01 without some sort of huge increase in revenue by the company, or a substantial reduction of the number of shares out there. (currently 6.5 Billion) So you are likely to incur some loss.

I too had several million shares, but I had averaged down such that I recovered more than half of my cash, having been looking at an initial loss of more than 90% ..

Good luck to you and all longs here. I am still watching. ;-)