Universal Bioenergy Inc. (fka UBRG)

[tvmetguy]

Totally legit. The Q3 2010 fins are due. Check out the Q2 fins, high rev of 13.9M but a loss of 450k.

NDR has been operating at a loss for a while because the price of natural gas is low. They sought a merger, and UBRG picked up 49% of the company.

The goal of UBRG is to turn it profitable, and the way is via their newly announced plan of taking interest in actual natural gas and oil wells. This will only be for a portion of what they market and sell, but will help the bottom line.

This is a high rev, relatively low earning stock, but worth a lot more than it is. The 1.00 calls are not without reason.