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Good for UBRG shareholders.
Hopefully this is the start of a long run where shareholders who've been beaten up make some money back.
I'm dubious though...
If the repurchase has happened and the shares were cancelled then you'd think the action on the stock after the news would have been more substantial.
Haaaaa
Funny stuff...
You don't have to get an email from a deceased namesake in Nigeria to sniff this one out....
Hey?
So ...
Ali's Attorney... This Delong character...
Well...it turns out it didn't take a Mississippi Bloodhound to track him down...
Ummm...
Why won't he return a phone call?
Earnest Delong....he was easy to find... Perhaps one of his Senior partners will take a call. I mean.. We all know how it is at these law firms... As eager as one person is to rise to the top they know that a top player has to fall to make room...
Maybe a better placed call would be to a subordinate??
OBLIVIOUS !!!!
FACTS BE DARNED!
Ummmmm... Okay...
Lets give up for a second... Lets let FACTS go and let's do some number crunching:
According to press releases AND SEC filings, Global Energy owns AT least 61% of UBRG.
They are the majority Stakeholder.
Lets PUT ASIDE THE FACT that Solomon Ali's attorney CREATED this latest iteration of Global Energy.
So...
If we can all agree that WHOEVER Global Energy, they ALREADY OWN 61% of a company who's stock hit $0.0011 today.
EXACTLY WHAT do you think the price will be when they acquire 100%?
I mean... Lets be serious for a moment... Global Energy has not ALWAYS been a majority owner... SINCE THEY'VE NOT ALWAYS BEEN A MAJORITY OWNER WE MUST THEN SURMISE THAT THEY'VE BEEN, over a period of time, ACQUIRING portions...
And the whole time they've been acquiring are we to believe that the share price has dropped relentlessly?
So...
Here the stock sat today, intermittently at $0.0011... And SUPPOSEDLY Global Energy owns 61% and is looking for more?
Well? How accretive will buying the remaining 39% be IF BUYING THE INITIAL 61% cost shareholders 85% of their individual wealth?
Back to reality:
There's no golden ticket here. You've been led down the rose path and that path has a dead end which is visible.
AND BINGO WAS HIS NAME-O
Ali's attorney set up Global Energy
Then all THREE transferred debt VIA paper ONLY over to this new Global Emergy via Ali's agent and they started receiving the interest and discounted shares themselves.
"Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth."
It is IMPOSSIBLE that UBRG does not know who the purchaser is.
IT IS IMPOSSIBLE that some "anonymous" company bought 61% of UBRG shares and the stock fell nearly every day to today's low of $0.0011.
Quote: (from today)
"slacker - According to Ali a R/S isn't even on the radar. I understand your concern with dilution. But if the company that owns the 1.5bil shares is buying them for a reason they are not going to sell...especially if we are looking at future share prices of $7-$10 per share"
WHOEVER bought the portfolio of notes DID NOT BUY SHARES. They took over debt. They bought debt that has lucrative interest payments and huge discounts for shares.
They did not buy shares and are sitting on them. They bought convertible debt features that convert into heavily discounted shares which they can then sell for 100% profit.
If someone... ANYONE bought HALF A BILLION SHARES OF THIS COMPANY THE STOCK WOULD BE SOARING.
But they didn't... Instead they bought 1.5 billion shares worth of caustic, toxic debt features that have diluted the shares beyond comprehensible reason.
Some "investors" here are WRONG. They want you to nibble or bite off on their dream that one day this stock will be 5 bucks... Or 7 bucks... OR HIGHER?
Grab a calculator... If you bought $20 dollars worth of UBRG tomorrow that'd be between 18 and 20 thousand shares and if this stock.. WITHOUT A REVERSE SPLIT went to $5.00 that same TWENTY BUCKS would be worth over $100,000
Oh yeah... Sounds plausible.
Triple zero who?
Yes....
I was saying that UBRG "filed" a new record low.
"Huge buyout coming"
Oh really?
Keep telling yourself that as this stock files new record lows each week and turns your thousands into hundreds.
Linc,
The December 2012 SEC filing references a June 18, 2010 SEC filing.
$0.0011 on the bid...
A brand new record low is on the bid...
Linc,
They increased the shares to 3 billion based on authorization to do so from earlier approval in 2010 and 2011 filings.
None of it matters much though... Here's a quote: "Some shareholders may view this action as a potential for dilution and a devaluation of their shares, however we believe there are many valuable benefits to our shareholders.
Not ONE "valuable benefit" has materialized from this dilutive action. They had to include that quote in the filing for legal-ese...if they don't write that they believe there is value in this otherwise purely dilutive issuance then it's a clear breach of fiduciary responsibility.
I wonder what the new record low will be today? $0.0011? $0.0010?
Lower? Finally into the $0.000X's?
The issuance was PURELY dilutive and 8 months later there is nothing to show for it as far as shareholders can tell.
Linc..
The company SEC filing in December announced that the "Directors" unanimously approved the increase in shares based on the authority granted to them by the majority owners of voting shares...
WHICH WAS THEM !
The directors and execs and authority's were/are the majority owners of voting shares. So they approved it for themselves..
They make it sound like they sent out proxy voting info and that common shareholders actually had a chance to disapprove this.
They went on to say in the EXACT same filing "management does not intend to actually issue all the shares" but it sure seems like they did... 5 months after that filing they'd issued all but less than 450 million of the 3 billion...and that was 3 months ago... Who knows how many they've got left.
They went on to say that the reason for the authorized increase was to focus on mergers and acquisitions... So...they've blown through over 2.53 billion shares and all that has happened since is the share price has lost 80% of its face value and no expansion, no growth, no mergers, no acquisitions...
Just shareholder dilution..
Tons of growth in UBRG:
If you like growth, you'll love UBRG:
1.) Growing piles of evidence that UBRG is a scam
2.) Growing number of days w/o a quarterly report
3.) Growing number of days w/o a PR
4.) Growing number of days UBRG website is down
5.) Growing ratio of losses:gainers trading days
6.) Growing "losses" in UBRG longs portfolio
7.) Growing number of I/O shares
Like I said... Lots of growth
They'll drag NDR down with them..
I imagine they'll try some type of divestiture in the end though.
Boy that'd be nice eh?
But no.
Haaaaa
None of it matters Linc...
Look at the stocks performance...everyone knows the Majority Stakeholder doesn't pass the sniff test and that it's just part of an elaborate scam that's unfolding.
"It's a good thing it's not rising because it wouldn't hold the gains"
Probably one of the more ridiculous rationales to justify a stock drop I've ever heard.
Ali and Guest know who the MS is. The fact that they denied it in SEC filings when Ali's own attorney acted as agent seems like fraud to me.
UBRG will:
1.) Register new shares. They're almost out of authorized shares. Ali and Guest Cannot continue to pay themselves and their bills with shares if they run out of shares. They will authorize more. My guess is 3 Billion more.
2.) Amend existing notes/warrants and revise conversion floors lower. This means devastating dilution for common shareholders.
3.) Issue new convertible notes/warrants/shares to Ghost companies like Global Energy. They'll continue to mislead investors and claim that ghost companies like Global Energy are unknown to them.
4.) They will fire up the printing press and try to convince shareholders that authorizing new shares is a bold step towards progress with endeavors to expand and grow towards profitability.
Quick question...
In December, Ali and Guest told investors that they felt expanding the authorized shares to 3 billion would help them grow their company through acquisitions right?
Well it seems to me that they blew through over 2.53 billion shares and I haven't seen a whole lot of acquisitions...hmmmmm
What have we seen? We saw a ghost company named Global Energy give Ali and Guest a few million bucks of shareholder money in exchange for a portfolio of warrants that they (Global Energy) seems to be liquidating on the trading floor daily and netting 100% returns from the very juicy discount Solomon's attorney wrote into the warrants....
Setting up for a new record low today?
Can't seem to get off that $0.0012 low and stay off it.
Not surprised one bit. The stock is being diluted by toxic convertible notes/warrants/issues that coincidentally enough Solomon Ali's attorney wrote to benefit Global Energy.
Like its not bad enough that the stock has lost 70% it's value in 3 months but last week the execs opted to change FY reporting so "longs" will operate in a vacuum without any info on share counts, earnings, losses, or ownership for what? 5...6 months?
UBRG execs pay salaries and rent and various bills with shares. SEC filings prove that their COST OF REVENUE EXCEEDS REVENUE so the only way they can pay the bills is with convertible notes, warrants, and share issuances... PROBLEM IS: according to latest SEC filing, they're nearly out of shares ...
So guess what it means when a debt/equity financed co. Runs out of shares to pay bills? Yup! They'll authorize more shares... I'm guessing one of the next SEC filings longs will see is a...wait for it...
A STOCK DIVIDEND!!! Woooohooo shareholders of record will get maybe 2 or 3 shares for every 10 they own and the company will authorize 3 billion more shares. OR they'll just hit longs with an increase in shares with no stock dividend. But don't worry..they'll tell investors that this authorization of shares shows continued commitment to expansion and growth.
Hmmmmmmmm
Fun to watch this set new lows...funny stuff
This stock is a scam...
I don't care if an investor has $1000 bucks left, $500 bucks left, or $250 bucks left, of $125 left, or $67.50 left from their original investment...
Whatever is left will be gone.
Look at the facts...3 months ago if you had $1000.00 left, today you have around $300.00 left...
This is a equity/debt financed company. It sounds rich with potential but lets take a moment to understand the root.
The company, according to SEC filings, spends far more than it had ever EARNED.
That means this company is a PONZI scheme...
It must continually attract new investors otherwise the scam fails.
Avoid traps. This stock hit brand new 52 week lows and will set new ones...why?
Because of day traders?
NO! Be real...there's nearly 3 billion shares out there...no day trader has .001% of 1.0% of the stock.
This stock keeps falling because according to SEC filings the managers kept issuing toxic toxic stock to pay debts and agree to new debts.
Eff this stock man... Pure poison. I personally can't wait til it's at $0.0001
Wow!
Ali and Guest are in the office at 6:50 in the morning?
You were on hold for an hour? Sooooo...you called their office at 5:50 AM?
I'm not surprised you were on hold for so long...they were probably not even up and had to shower, brush their teeth, have some coffee, read the paper and try to figure out what they could say to keep you bullish.
Good thing they are in the office so early...their stock opened up this am with a MILLION share DUMP that crushed the stock back down to $0.0013.
OR
You didn't call them, you weren't on hold, and they never said ANY SUCH THING BECAUSE THEY'RE STILL IN BED!
No...
Earnest, it'll be at least a 100% increase. An increase of 3 billion.
Look...
From a totally practical point of view the company authorized a 2 billion share increase 7 months ago...and they've blown through those shares.
Seriously...
Here is what we know:
In December they had 1 billion shares and authorized 2 billion more.
In May, investors learned that UBRG had issued 2.53 billion of those shares...
That was in May and ALL THAT STOCK HAS DONE IS DROP SINCE MAY...
So it's reasonable to assume they've burned through many
More shares after the May Filing....
They need more.
It's not unreasonable to assume that they are likely out of shares...they'll need to announce an increase..and given how quickly they blew through 2 billion shares I'd suspect that they will issue an authorization for a 100% increase in the A/S.
Not that it'll be an immediate fix for you but yes, I have reported Ali, Guest, Global Energy et al to the SEC and FINRA.
I wrote months ago that a personal friend works out of the LA branch and we've at least initiated a paper trail.
That is NOT to say that I am claiming that the SEC is investigating UBRG...I can't say that...what I can say is that I've forwarded information to people at the SEC who are authorized to investigate if they see merit to the complaint.
These things are never immediate but I believe what will eventually happen is an indictment, suspension, and forfeiture for Ali, and Guest.
I believe they are frauds. I believe they are running a stock scam and using a publicly traded stock as a source of income for them with zero intent of wver offering returns for their shareholders.
That's said, it's my belief that this stock will be halted one day. The SEC and FINRA will halt the stock. An investigation will reveal fraud and produce an indictment and then, without warning the shares will be cancelled. The company will cease to exist and shareholders will only then accept that they've been duped by schemers perpetrating a fraud against investors.
Good news?
Ummmm
Apparently none of the longs have to worry about a 3 billion O/S share count this month.
You do all know what happens when a debt/equity financed company runs out of shares though right?
I mean... You saw the last filing...
They were at 2.53 billion shares out, out of 3 billion authorized....
Well... The balance only leaves about $670,000 bucks in operational costs...which UBRG seems to burn through at least that much each quarter...
So that means before the file in October, they'll have to let you shareholders know that they've decided to increase the A/S and how they feel this increase positively demonstrates their long term success is nearing...
They expect 2014/2015 to be a great year
An average day in their life?
If they have a brain... And I mean IF..
A large part of their day is spent looking over their shoulder...looking for that one unhinged, broken investor who ends them. Beats them either half to death or to death.
I call it "getting fulded"
Dick Fuld.. On a treadmill at his gym...an investor walks up to him, while he's mid stride on the treadmill and cleans his clock...
Punched him out! One punch!
Yeah...if they have a brain they are looking over their shoulder. If they have a brain they spend most of their day wondering who will get them first... The SEC or a spurned and broken investor...and if they have a brain they hope beyond hope that the SEC gets em...because there's life after an SEC indictment.
I'm not advocating violence...I just know if I were on the jury I wouldn't convict the investor.
Hey???
Where's Mr "I've been waiting and waiting and waiting" for $0.000X to back up the truck, pull the trigger, load the boat?
I mean.. This stock hit $0.0012 today.... It's getting sooooo close.
I bet this thing crosses $0.00010, dips to $0.0009 and then absolutely crashes to $0.0002/.0003.
Hey?
Fun fact :
The company cannot redeem a few of those pesky warrants because they had redemption values at $0.0020. Since the stock is 25% below that then they have two choices:
1.) Amend convertible notes/warrants
2.) Default
Ohhhhh
And here's a particularly nasty little fact:
UBRG is running out of Authorized shares... Go ahead... Do the math yourself... UBRG's debt/equity swaps EXCEED the amount of Authorized shares they have remaining...
Know what that means?
It means either they increase the A/S ASAP OR they default and file BK.
HAAAAAAAAA
HAAAAAAAAAAAA
HAAAAAAAAAAAAAAA
$0.0012????
WHAT?!?!???
Holy CRAP!
That's got to suck for "you can have my shares when you pry them from my COLD DEAD HANDS" folks...
Serious... OUCH
I GUESS ALL THE PARLOR TRICKS IN THE WORLD CAN'T COMPETE WITH INSANE DILUTION.
ALI, GUEST, GLOBAL, DELONG,
They all made money on the warrants portfolio and the common shareholders (who only exist to have their money taken from them) lose EVERYTHING.
This scam is almost ALLLLLLL DONE.
Can't wait til this stock gets halted and cancelled.
Hey? Will they delete the UBRG message board on Ihub if the stock gets cancelled? Geeeee... How will we all stay in touch
I'm not a pro on this subject but I don't think that is correct, here's why:
They filed that their YEAR and Quarter end on June 30, 2013 which means they still have to file the quarterly info within 45 days or file another NT.
Haaaa Bill !
Too true...too, too true.
Maybe Vinnie and Ali can dial up the Sinoa Cartel and start importing and ditch the China Coal fantasy.
So terribly misguided...
FACT: UBRG has exchanged Convertible Notes/Warrants/Shares for money with Global Energy.
FACT: The units of notes/warrants/shares were offered with discounts of up to 50% off to closing prices or flat rates which exceeded 50% discounts
FACT: Solomon Ali's attorney is an agent for Global Energy
FACT: Solomon Ali and attorney NEGOTIATED terms of convertible notes/warrants/shares in debt/equity financing deals that earned Global Energy in up to and possibly exceeding 100% gains on debt lended post conversion/execution/receiving
FACT: Clear conflict of interest re:fiduciary responsibility to shareholders and writing notes/warrants etc which benefit the Executive Officers and Agent
These are facts. The notes/warrants/equity financing deals and terms are in their SEC filings. It is a fact that Solomon Ali's own attorney acted/is acting as an agent for Global Energy who is the reported largest shareholder. It is a fact, not a opinion that there is a conflict of interest between fiduciary responsibility and Solomon Ali, Vincent Guest and Delong WRITING NOTES WITH EGREGIOUS TERMS THAT ONLY BENEFIT THEMSELVES WHILE DESTROYING SHAREHOLDER VALUE.
Not to mention that Solomon Ali has all but lied in SEC filings CLAIMING that He doesn't know who the purchaser of the WARRANTS portfolio is WHEN IT'S HIS OWN ATTORNEY THAT WROTE THE DEAL UP...there's just no way.
When you think a stock is a scam, it is just a theory if there's no evidence. When evidence emerges, no matter how whimsical, circumstantial, or flimsy the evidence is, it is no longer a "scam theory"...it becomes a "scam possibility". The more and more evidence that a scam is occurring that shows up the "scam possibility" moves towards a "scam probability" and with more evidence it becomes a "scam eventuality" meaning that it will be discussed later as a "scam that happened and is over".
There's too many facts that are...facts which point to this co being a scam. To ignore those facts is ridiculous.
It doesn't mean you can't bottom fish the stock and try to make a quick buck but don't ever lose sight of the fact that its a scam and don't defend the quick trade as a "long term investment" where "patience is key" when you know you bought it for the quick trade and are simply hopelessly upside down now.
BOTTOM PLAY BILLIONAIRE
YOU WILL BE SORRY IF YOU ARE WRONG AND MISS THE PLAY
UBRG IS ON FIRE. Get in before it takes off. NEW CONTRACTS/INSIDERS POTENTIALLY INCREASING STAKES/UNBELIEVABLE SHORT INTEREST COULD IGNITE RALLY/FISCAL YEAR CHANGED
DON'T BE THE ONE WHO MISSES THE BOTTOM OF THIS LOW FLOAT PLAY RIDE MUCH HIGHER
Ahhhhh
That makes sense.
Yeah...
Good advice..."know what you own".
Solid stuff for sure.
Hey...while yer preaching, hop on to UBRG's company website and grab their new phone number.
While yer at it... Call the mortgage company and REVO that Ali and Guest are CEO's or Presidents of and see if they're planning on folding Global Energy and UBRG into either of them.
Oh yeah, and check those notes and warrants that they seem to keep issuing to themselves ON TOP of the equity financing they keep dipping their fingers into.
If you have a spare minute between this and that, feel free to spend a moment researching and finding that their largest shareholder, Global Energy, uses Solomon Ali's attorney. Solomon Ali (UBRG EXEC) apparently, according to some, acted as an independent Agent for Global Energy who's received UBRG convertible notes, warrants, and shares at UP TO 50% discounts to market prices.
Yeah... A few of us know more than just the company's "phone number".
Anyway... Pump on... Pump away... Call your friends and let them pump too...
It's alllllll good.
Just don't make the mistake of thinking that we are all moms n pops.
Here's the oddest reason to buy shares I think I've ever offered.
The stock is near its record lows.
If you plopped $1000 bucks down right now you'd get a devilish 666,666 thousand shares.
Now if the stock keeps falling and falling then you're going to lose portions of that $1000 bucks...
Maybe 10, 20, 30...who knows maybe 90 or even 100% depending on what kind of losses you'd hold for...
BUT...
And I'm dead serious here... What if this is one of those rare "pre-pump and dump" stocks at this price.
We've all seen the mailers, the emails, the faxes and we've all gone and pulled up the ticket symbol and saw, yup, sure enough...the mailer, email, or fax was a few days late and the stock had already climbed some absurd amount and was clearly falling in the dump phase. All you could do at that point was short the stock or avoid it...
But what if Ali and Guest are setting this thing up for exactly that... ?
It makes sense.
I mean if you can believe that they've scammed the system, then by default you have to believe its possible that they'll try to scam the system again.
$1000 bucks here with 1000% return? If I were in this stock and upside down that's how I'd plan to get out...I'd be buying here, buying big and hoping against reason that the scam isn't quite over yet...
These guys have been making approx 100% gains on converting notes into discounted shares and then selling those shares...well... Seems to me like its possible they want the big score.. Doesn't everyone?
If you can't beat em, join em. I'd buy big down here and sell every last share into the pump...I wouldn't wait around for the peak of it for fear of missing it... I'd sell every last share as it climbed regardless of how many days the climb lasted.
That's as close to a buy rec. you'll ever get out of me regarding this stock and yeah...it's crossed my mind ...I doubt is drop $1000 bucks on a gamble like this at this price. I value $1000 bucks too much....maybe $500...but I'd need a few fingers of scotch before cementing myself into that corner.
You're right linc... Delong MAY be innocent... He may have no idea about irregularities in UBRG's SEC filings...
But in my experience I wouldn't bet on it.
He's been a lawyer for what? 4 decades? He's probably been around the block a time or two and when everyone else sticking their hands in the cookie jar have dirty hands it'd be hard to imagine Delong, whose hands are in the cookie jar, be the only one with clean hands.
Just saying
Here's a interesting twist...
Okay... So stay with me here...just go along with it for a moment.
Lets say you're a long and you're feeling scammed and you accept that all the findings about Ali and Guest and Majority Stakeholders, and Global Energy are true.
Lets assume you accept the notes and warrants were drawn up in January and that they did so in an effort to convert the notes into deeply discounted shares to be sold for enormous profits in July...
Right?
Now... What if they converted most of the notes into shares and only sold most of them...but not all?
What's to stop these guys from initiating a huge PR pump to sell the balance of their converted shares into?
I mean... Getting 30, 40, 80, 100, 120% returns is great right but what about the shares they've held onto...if any? What kind of returns might they be looking for with those.
I mean... It wouldn't take a genius to figure out if they held onto 10 million shares at $0.0010 and the stock rallied hard to $0.01, $0.02, $0.03 or higher ...
If its accepted that they are scammers then how could anyone rule out a scheme to pump and dump to get 1000% or greater returns on the shares they held...
Just saying that it would make sense for them to NOT sell every converted share because when the SEC comes asking questions they can say "weep, weep, we don't know what they're talking about...we held onto shares just like everyone else and we lost everything too"
And if we accept that they scammed people for 100% returns, who's to say they won't scam people or the system to try and get 1000% returns.
If you can't beat em... Join em... It makes sense that Ali and Guest will start a PR blitz to pump the shares so they can sell the balance of what's left of the converted notes.
Linc,
You've done more than enough to prove the scam.
There should be zero doubt that Universal Bioenergy and Global Energy are working in concert to defraud investors. They OBVIOUSLY created the convertibles ON PAPER in January so that the restrictions would pass by JULY which helps explain the massive volume seen in July.
Seriously? How many 20+ million share volume days did we see in July?
So how does Ali and Guest explain all the volume seen through a PR push.
SEC: "Explain the volume seen in July"
UBRG: "We had several PR's issued in July that we believe showed investors potential in our company"
I believe they filed the notes/warrants in July in an effort to act on them in July. They wrote terms into the notes that gave them shares in July at 50% discounts which means if they converted those notes into shares and sold them then they literally had numerous days of trades that netted them 100% gains.
If the stock closed in July at say, $0.0020 and they converted 10 million shares worth if notes then they received those shares at $0.010 and sold them the next day at $0.0020 or higher then you can see how they literally doubled up.
Is it a coincidence that the notes were filed In January and 6 months later the company issues a PR STATING THAT THEIR LARGEST SHAREHOLDER might be interested in raising its stake in the company by 10%?
Look at the massive volume days in July that came after that PR.
There should be little doubt, in spite of SEC filings which indicate otherwise, that these notes were actuallu drawn out and executed in January...and there should be no doubt that Julys monster volume days were days were notes were converted into shares with enormous discounts and subsequently sold in effort to achieve 100% profit from the sales.
I am sympathetic to the longs.
You've been scammed by pros who've proven to know the game, know how to hide things, know how to rob investors.
Lots of good people have done less due diligence and been scammed than some of you longs have done.
All you can do is look at SEC filings, PR's, business partnerships when you're doing due diligence and if you've done all that and opted to buy based off what you found then that's all you could do.
When company executives file false statements with the SEC, issue misleading PR's and have business associates helping to perpetuate a scam then the odds are simply stacked against you in initially uncovering the scam.
You've seen the posts... The walks like a duck and quacks like a duck posts and here is just the proof I think anyone would need to see that it is in fact a duck.
The company misrepresented their affiliation with Global Energy in SEC filings.
No matter who Delong of Global Energy turns out to be they stated in their filings that they did not know who the controlling person in charge of buying through Global Energy was/is. That's a lie. There's no way they don't know.
You find it hard to believe that somebody would participate in a scam and risk everything they have worked 40 years towards for money?
Bernie Madoff
Walter Forbes
Joseph Nacchio
Kenneth Lay
There's a short list of guys who spent their whole life defrauding investors. They spent years scamming others out of their money.
Some people will do ANYTHING for money. They'll throw away 40 good years in search for easy, vast wealth.
I've been writing and writing over and again that Universal Bioenergy is a scam.
Lets see...
1.)Dilution based stock scam
2.)BOTH Ali and Guest are CEO's or Presidents of other companies
3.)BOTH Ali and Guest are recipients of their OWN CONVERTIBLE NOTES WHICH MEANS THE VERY SAME DILUTIVE TERMS THAT HAVE DESTROYED THE SHARE VALUE ARE THE TERMS THEY GAVE THEMSELVES FOR HUGE STOCK CONVERSION PAYDAYS
4.)ALL notes/warrants exchanges fraudulent BECAUSE they all contain SEC filings with willful misrepresentations of fact in them.
5.)FLAT OUT LIES in their SEC filings
6.)FLAT OUT FRAUDULENT MISREPRESENTATIONS IN PR re:Majority Stakeholder
7.)Claims that Ali willfully/knowingly has disseminated material information in manners not consistent with SEC rule.
8.)Constant equity financing
9.) constant debt financing
10.) Breach after breach of fiduciary responsibility.
Ten reasons for shareholders to be incredibly cautious and rethink long positions BECAUSE once the SEC/FINRA/DTC discover false statements in SEC filings and PR's and confirm that Global Energy is UBRG...they'll immediately halt the stock. After its halted it'll be cancelled. The stock will be cancelled. Anyone holding shares when the stock is cancelled will lose all shares and associated UBRG portfolio value.
When I say "cancelled" I mean cancelled...as in not coming back.
I'd openly disagree.
Why?
Because both YOU and I (other readers too) don't have any proof that Ali KNOWS what is material and what isn't AND knows the difference between what or how material info should be interpreted ...
What WE do have though is this:
We KNOW that Wilma will take a PR or SEC filing and somehow twist it to suit her holdings.
We know that.
I do not think all three scenarios are equal...because I only have proof that one of the three is likely.
Their JOB as defined by pretty standard definitions of a stock scam is to TAKE you're money...not earn you money.
Quit whining over and over again about hoping they'll throw you a bone or somehow save the day with a PR...
Seriously? What's it been? Almost a month and no PR's from a company who's shown they love issuing toothless, nonsensical PR's?
Answer this:
Do you know that press releases cost money?
Yes or no?
Okay... So why issue PR's when Ali can have a phone call with Wilma and let her distribute her bullish interpretations of the phone call?
Seriously...her multiple reports on the content of that phone call were free...and the answers SHE provided probably bolstered some people's opinion of the company/stock direction.
Problem? Some of the content she described is material and not previously released in a manner consistent with SEC/FINRA rules regarding dissemination of material info.
So?
Well I guess there's a few scenarios:
1.) Solomon Ali, as an executive officer in a publicly traded company, has ZERO idea what is material to shareholders or the rules surrounding material information.
2.) Solomon knows what is material and knows no one can prove he ever said anything of material nature so he said whatever he wanted to say KNOWING blabber mouth Wilma would repeat it, and by doing so, make it hearsay.
3.) The conversation as described by Wilma NEVER occurred. She literally made it up. Has anyone ever read something Wilma wrote AND KNEW SHE LITERALLY MADE IT UP? I have. I've read several things/ideas/conclusions that she's written and it was clear she made it up..because it suited her long position.
Not tying to make friends here...
Turns out, as things unfold, that I find a friend or two here.
Sometimes I find a friend who shares my views and every once in a while I make friends who's opposed to my views on a stock...and that always makes for the most interesting conversations.
UBRG is a stock scam.
Make no mistake. The purpose of this stock is to get investors to buy it high and sell it low.
That's the purpose. There is no other reason for this stock to exist. It exists because it can. It's actually designed to do exactly what it is doing and in that regard its performing flawlessly.
In order for this stock to exist, it must perform, from time to time a little jump. If its going. To attract moths, it must, on occasion, shine a bright light.
I'm here for the light. Im waiting for the light... When it shines ill buy... Then ill sell.
Anyway... Until the , longs, who refuse to accept it for what it is, will lose money. Not my problem. I didn't steer them into this stock and I've darn sure tried to steer them out...
I do root for them though...most of them...
I hope that they didn't buy too high and can get out with some profits when the stock lights up...