Replies to post #25250 on Universal Energy Corp (UVSE)

[tomtitom]

no, the 10-k has to be out till 15th may.

[mikeyk]

The rule is 30 days after the E is added to become compliant, if the 10-K is not filed, then it gets delisted to the pink sheets. If it gets delisted to the pinks, then the company would have to be compliant with their filings for at least 1 year before they could move to a higher exchange, or back to the OTCBB. We're waiting on the accountant to audit and certify the 10-K, his name will be on it and his credibility would be on the line if there was any false information in the 10-K. He is also responsible for transmitting to the filing to the SEC once he certifies it, there is nothing the company can do except wait just like us.