Replies to post #1682 on Universal Potash Corp. (UPCO)

[stockspirit]

Look at the price of the shares that we are giving as we borrow.... 15 cents and warrants at .25 cents. That should put a floor under the price of the shares in the short term. I don't understand why people are giving them away. JMO

"Under the terms of the agreement, Universal Potash has the right to call upon funds as needed. UPCO has received its first tranche which will be used for additional claim evaluations and operating expenses. United Potash Corp may draw up to $1,000,000 in total by issuing units consisting of one share of its common stock at $0.15 US and one common stock purchase warrant exercisable for the purchase of one additional share of common stock at $0.25 for the first 12 months and $0.50 if exercised by the end of the second year. The securities to issued under the agreement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent a registration or an applicable exemption from the registration"