Universal Bioenergy Inc. (fka UBRG)

[wilma6311]

Randall...that's one of the first things I look at when the financials are filed. But I look at current assets over current liabilities since those are the expenses they will need to cover in the next few months. The long-term numbers are not relevant in a growing and expanding company. Notes can be refinanced and such.

However...that being said, the current assets are less than the current liabilities by 1.5mil.

When you take into account the total assets over liab such as you did you get into that wishy washy area where you may be holding a worthless asset that is still on the books. Case and point...the 2.9 mil in investments under LT Assets which is mainly due to Whitesburg...a non-operating mine. Therefore, the analysis needs to focus only on the current activity.

The way you worded that was hilarious though. LOL!