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I agree..quite frustrating. By the time they get around to releasing the 10Q, it may pop 20% but that won't even bring me back to even. I am holding on the slim hope they report a profit. GLTY
Do they read their e-mails because I sent them a not-so-nice one about an hour ago. I have asked several times about the 10Q and they don't respond. I also called and they did not answer. PRs are great but investors invest based on sound financials...not bs. Just sayin'.
March & June 10Q s/b out this month. They were both filed in August 2010 as well. There is a very good chance they could show a profit for the June Quarter end. Hang in there UBs.
They should post a 10Q w/net profit this year. Oh well, you can lead a horse to water....
Why would someone sell on this news?
Could it be they live under a rock and have not heard that this will add almost $2m a month to UBRGs bottom line? That's great news.
You could Google it but I believe that is info you have to pay for. The link I posted is free.
Agree. The only thing it really tells you is that 1/4 of the volume was shorts covering and the rest was buying. It was nice to close green today though. :)
20110805|UBRG|532223|0|1968187|O
Short volume was 532,223 as compared to actual volume.
http://regsho.finra.org/FORFshvol20110805.txt
Exactly Donvitoc...lots of balls in the air. I think this is a solid investment that has tons of potential.
Krysti, I understand your point but have to disagree somewhat as this company had zero income in 2009, $41m in 2010 and is expected to double that this year. I also see that Cost of Sales is just about equal to Revenues which if that continues you would be correct in your interpretation. However, if you read the notes to the financials you will see that this company is not only working on alternative ways of procuring their product..directly from the well as opposed to buying retail..in addition they working with a company to make the process of manufacturing the end product 80% more efficient.
You can see this company is motivated based on the last two years of activity. In addition, if the financials over the next couple of quarters result in a net revenue the pps will go up quickly. Their plan is to list on the stock exchange quickly in order that institutional investors can buy in.
I also see there have been some delays in reporting earnings. Taking that all into account, I think my money is pretty safe here for a while and I am looking forward to what the future will bring for this company.
Thanks kwiki - I guess that puts that issue to rest for now. I also e-mailed them regarding the earnings release and when it can be expected but didn't think I would hear back. Good to know they do respond.
Very well said Hydro....
About The Company
Universal Bioenergy Inc. is an alternative energy company and intends to create and market natural and alternative energy sources including natural gas, petroleum, solar, biofuels, wind, synthetic fuels and related energy technology products. It plans to become one of the largest independent energy companies in the U.S.
I believe they are still in bioenergy as well.
Was there a time posted for 2nd Q Results to be released? Last year they were released the end of Aug 2010 but the 1st Q was also released in Aug 2010. If no delays we could see numbers in a few days.
Possible August releases...
News regarding financing. This company is working on a couple different sources of financing currently and their recent news regarding the acquisition of worldwide rights to the Phoneguard software will facilitate this.
Release of the Expanded Application Suite means the company can start marketing this product and realize the revenue benefits immediately.
What a great idea. It could be bundled with the options available on a vehicle similar to OnStar. Would be nice if the govt. would require it on all vehicles. I think someone here said that was ridiculous but think about it. Texting while driving has become such an huge issue that it is being made illegal to text and drive. But there are those that still do it....kind of like speeding. If it was a mandatory addition to all vehicles that could be huge.
They would skyrocket.........
That is hilarious! LOL!
Could this company see a potential buyout from the likes of Apple?
Someone posted the same to the Yahoo mb. Was just looking for confirmation. That is a great price for a 1-yr subscription IMO.
Chin_Wolfy, do you have a link that shows what the price will be of the application suite once released?
MADOGUE - Anyone that thinks that the value of a company 100% dictates the pps has their head up their ass. To that point...I say...go check out Blockbuster. The stock is worthless and there is no company left...yet it trades daily and yesterday was up almost 70%. So there's your answer.
500,000 already filled...500,000 more to go.
A Buy for 1,000,000 shares sitting out there. Not a lot of $ but pretty significant. Let's hope it is for a reason.
I agree with this as well but think this also may have buyout potential with the recent exposure. Short of that the pps will stay around these levels until the suite is released and earnings start to roll in. I honestly think the buyout potential is a good possibility however, which is why I am not selling.
Owning Rights vs Assets
I believe the diff. here is that if you own the rights they may not be exclusive so you have less control. Owning the assets gives them full control.
On July 15, 2011, Options Media Group Holdings, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “Agreement”) with Cellular Spyware, Inc. (“CSI”) and Anthony Sasso (“Sasso”). In connection with the Agreement, the Company purchased all of the intellectual property to the anti-texting software owned by CSI (the “Assets”). The Company had previously licensed the Assets and had all rights to North America, South America and Central America. As a result of the Agreement, the Company now owns all worldwide rights to the Assets. As consideration for the Assets, the Company paid to CSI $300,000 in cash, a $450,000 promissory note (the “Note”) and 25 million shares of the Company’s common stock (subject to a Lock-Up/Leak-Out Agreement as described below) (the “Consideration Shares”). The Note is payable in 17 monthly installments of $25,000 beginning August 20, 2011.
Shorts that covered yesterday...about 34% of total volume
20110726|OPMG|1670275|0|4864747
Premier...LOL...I initially said another high-profile endorsement but thought I would get hell for that so I changed "another" to "a."
Yes, I know who Justin Bieber is. Here's the thing though...his involvement is currently factored into the share price and it has not moved and the kids following him on twitter don't pay for their own cell phones. Their parents do. I thought Ellen was a great idea.
I should have also said..I believe those things are coming but it may not be for a few more weeks.
There is a post on the Yahoo message board but it is very vague. The same person mentioned the Teen Choice Awards but those are not until August 7. I can't imagine that an appearance would have much affect here. We need additional news regarding financing, a strategic partnership, or a high-profile celebrity endorsement.
Every Penny Stock is manipulated...
Therefore anyone buying in knows that at the onset. I bought in last week. It didn't detour me.
This is a great article. It gives the investors information on how the application will be used to generate future revenues but the potential growth due to celebrity involvement will help the company secure much needed financing.
Also read an article that Bieber will be talking about Phoneguard during concert tours in 2011-12, and via FB and Twitter where he has millions of followers.
Great news!!!!