Replies to post #29206 on Universal Energy Corp (UVSE)

[MichaelMir]

Here's the link to the 2010 financials that I mentioned in my previous email.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=48992

[mikeyk]

Those Billions of shares DID NOT exist when the money was lent to Raley, they were created as those CD holders continued shorting the stock and Raley was forced to increase the A/S count to cover the floorless conversions. Every time the CD holders drove the stock lower, it created MORE shares that were needed to cover the debt. The stock went from roughly 40 million shares to 100 Billion shares in less than 1 year. The CD holders screwed themselves by being greedy and killed the company by forcing the conversions.