Replies to post #27453 on Universal Energy Corp (UVSE)

[mikeyk]

Moving back to the OTCBB means jack on this stock, the O/S and A/S remains the same, lack of profit remains the same, the payments due in May and June remains the same as well as the risk that Raley will miss those payment deadlines and end up right back in court for non-payment.

The company does not have ANY cash to grow and has no remaining equity in its stock to use to borrow. The only possibility for revenue growth comes from the price of NG, and thats dependent on daily market decided price fluctuations. Raley has screwed all his shareholders over with the CD/pipe financing and allowing the naked shorting to go on last year. Your wild guess of this stock going to .0005 would give the company a $45 million market cap, and we all know that the small revenues the company gets does not validate a $45 million market cap.

[BlissBull]

I don´t think it´s the company that´s buying... I think it´s the "company insiders" who are buying newly issued shares, and thereby diluting our share of whatever oil or gas they have discovered... Our only defense is to do the same thing!... (Buy more shares!) imho