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The good news is the 10K must be filed on or before May 16th. Solomon said the first quarter will not be extended which is due on the same day.
When I spoke to Kim around April 20th he said the deal took six months to work out, so shortly after the conference call.
For those who are interested here is what Solomon said 1 year ago. He said by now there would be 15 Million in profit. Last week he said they expect a loss. Big difference. Something smells. This was from April of last year.
Universal Bioenergy Signs Contract and Closes Deal With NDR Energy Group
Universal Bioenergy (USOTC:UBRG)
Historical Stock Chart
2 Years : May 2009 to May 2011
Universal Bioenergy Inc. (Pink Sheets:UBRG) announced today that it has signed the contract and completed the final closing of the transaction with NDR Energy Group LLC. Their plans are to create a leading next generation alternative energy company. On April 14, 2010 notification of the closed transaction was filed with the Securities and Exchange Commission on Form 8-K, which included a copy of the definitive agreement.
NDR markets energy and fuel such as natural gas. NDR marketed $60 - $70 million in energy and fuel in 2009. The management of NDR intends to expand, in coordination with Universal, into biofuels, solar, alternative fuels, and commercial energy efficiency conversion projects, and retrofits. NDR Energy has firm contracts signed with 22 major utility companies nationwide. It has agreements with Southern California Gas Company, Pacific Gas & Electric (PG&E), Baltimore Gas & Electric, NICOR, Michigan Consolidated Gas (MICHCON), and the National Grid, the largest power producer in New York State. It is negotiating contracts with 14 other major utility companies and suppliers.
"Our plans in coordination with NDR Energy Group, are to maximize the sales value of our utility contracts. The management of NDR Energy Group believes they can sell up to a projected $1 billion in sales of natural gas in the next twelve months. Since NDR already has firm contracts in place with 22 utilities, NDR management informed us they believe they could achieve that, and possibly up to $3 billion in fuel sales, by the end of two years. Universal acquired a 49% stake in NDR Energy. So, this acquisition should provide Universal with distribution channels for marketing biofuels, alternative fuels, solar, and green energy efficiency products to these and other new customers," says Universal's CEO, Vince M. Guest.
Universal's Sr. V.P., Solomon Ali states, "We're very excited that we've finally completed what we set out to accomplish. We estimate the potential profit from this acquisition, based on our 49% stake, is approximately $15 million in just the next twelve months. Although we cannot assure an actual valuation, according to industry valuation standards using average P/E ratios from Standard & Poor's, at a multiple of 15 -17 times earnings, we believe that a market valuation of $225 million to $255 million dollars is an estimate of the potential additional value of this acquisition to Universal."
I believe 10K due tomorrow based on 15 day extension. Question though, why not upgrade to OTC bb in Jan after their 3rd quarter filing. Something to think about.
That was my reply to him.
I wrote almost exact scenario to troy the day it was announced back in February. His response to me was I do not know what I am talking about and that it was not a good idea for me to invest without a financial advisor.
That's why these entities carry insurance, incase of mistakes. That has nothing to do with why the stock is trading at .0009 as
Troy eluded too.
Troy playing the blame game again. Shares down over 80% due to someone trying to lighten their work load. Classic, it's not my fault.
I think you are close in your thinking. Why not have the CC already if there wasn't something on the horizon. Unfortunely we will be at these penny flipper level until substance is voiced and a cash payment is made.
Just spoke to Ratoff. He said 30 day time frame still fits. Code probably before Tuesday.
PR tomorrow? Maybe conference call announcement?
Sigma getting restricted shares?
Would make sense if the company needs money.
MORE NEWS THIS WEEK
There has been no mention of a conference call.
Just curious
Did Troy dodge the question about Modesa or what? This is the problem with him, he is not direct and talks like a politician.
Can you PM me your email
I left quite a few messages with Ben and received no call back. Maybe he has taken a vow of silence until the next PR. However, I did speak with Kim on Thursday and just asked him if he thought there would be a PR out my this Thursday which is the 31st. He said he does not plan on it but it should not be much longer. He did say it is up to him and there is no reason to put out a PR now just to let people know he is still alive and working. Be patient people.
Here is another issue the everyone needs to digest. Troy suggested that everyone get a financial advisor. I would bet all the money I lost that not one credible financial advisor would recommend this stock. The bling leading the blind.
I would just say this. Where there is smoke there is fire. Everyone is focusing on the Modesa issues but there is a pattern here. I would suggest everyone to research the company for similar issues. If there is nothing to hide, why keep it secret. Keep in mind that Troy exercised his voting rights to arbitrarily pass the increase in shares to 10 Bil. This is after the shareholders had spoken back in November.
Fact
I have a subscription to the Delaware Secretary of State website. It cost $20 to print information regarding corps, LLC's etc. There is no Modesa Enterprises, LLC in Delaware or registered with the state, which is the key part. If there is a Modesa Enterprises, LLC in Delaware it is not registered. Call and confirm yourself. I remember Jim Baker, Jim Swaggert, etc. Not suprised at all. Judgement day is coming whether Troy like it or not.
No. To answer your PM. I think my original post says more than you think. In today's society moral values do not mean what it used to. Just ask Troy.
Reimburse me for the money I lost.
Troy's days are numbered as well as this stock. Things start to fall apart once those in charge make up the rules as they go. If I were Troy I would look in the mirror and ask myself if I am doing the right thing.
Relax
I would suggest everyone just have a little more patience and you will be rewarded. If you can't handle the anxiety get out. To everyone who is long please stop responding to these idiots who keep complaing about the news. The news will come soon enough and this is not a scam. Call is almost always available so call him but you will not get any information pertaining to specifics. If that is what you are looking for forget it.
I was told that you cannot short stock on the OTC.
What is the technology worth? Right now I would guess 1B min and 2.5B maximum depending on the patents, etc. Remember the first two markets equal 125B per year. So if you penetrate 1% of the market which is small that is 1.25B per year. A company is purchased based on future revenues not 1 year. Also, there is no cost to the company. I must say I am confused about the short interest. I am hearing conflicting stories.
Do you mean 150M?
That is why I was asking how to confirm the short position. The MM did not let it go back in September/Oct but how about now. I would guestimate there are about 500,000,000, which included Kim that will not be selling if there is a Partnership. That leaves about 50,000,000 for the shorts which is not enough. Hence price goes way up.
This is why a buyout would be the smartest way to go. The company has no assets except the technology. Let say if Dupont came in and bought the company as a subsidary then Kim could continue the research as he wants to. The when the 3rd generation is ready they could sell it to a medial company considering that is not their expertise. This would be the logical way for everyone to benefit. Also, this allows Dupont to control their own money and Kim continues what he loves.
I would not put a lot of stock in Joe Noel. He is purely speculating on what is coming but any fool could figure it out. Is he short? He has been pumping this stock for a long time.
That is a good strategy. I am expecting a huge pop then dive before the conference. I would say if there is no buyout of the first or second generations then I would believe we would settle around .30 for awhile after the conference. Question is will the MM's make the shorts pay. If so I could see this thing well above 1.50 or higher. Shorts will be in full force that day though so be prepared.
As far as trading you are on your own. As far as information there have been several shareholders calling Ben or Kim asking the same questions. When will there be an update. Hopefully by the end of March but nothing is ever guaranteed. This has been an extremely long silent perios.
If they were scared they would be covering. I was told by a good source there are 100,000,000 shorts out of the 550,000,000 outstanding. That is why I am trying to find out for sure. If true, could be a great day when the news hits.
I spoke with Kim last week and he told me that he hopes by the end of March to have a shareholder conference similar to the one in October. He would ideally like two weeks to prepare for the conference call. So I can assume pending no changes that news will be released between Monday Feb 28 and March 15th. I heard that there are alot of shorts in this stock and they will be what drives this though the roof if news is as goods as I hope.
Does anyone know how many shorts there are or where can I find out that information?
Everything will be settled by September
Where is your proof?
I just assume he won otherwise the group would have claimed victory. Do you know anyone who was there.
No. But I heard a rumor he sold his shares month or so ago.
He did not show up and has not been seen down there for three weeks according to the girl in the office. I asked the same question.