I 'pinched' this from another message board, so I can't tell you if it is real or not, but if so, then it's a good read. Not looking for any responses, just sharing what I found, don't blame me!
MB
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Messages in Topic
This is straight from UBRG Investment Relations (posted 3-Jun-11 03:43 pm)
In response to an e-mail I sent:
Mark,
Thank you for your interest in our Company, we certainly appreciate you concerns. We aplogize for the late response.
1. We recommend that our current or propective shareholders refer to the official information coming directly from the Company and the filings with the SEC. We caution everyone not to rely on information that is posted on some internet message boards, as this is not offical and is unreliable. We do have our marketing people check the various message boards and blogs sites daily to get a "sense or feel" for what information is out there about the the Company. However, we cannot respond to the information posted there.
2.For more info on the Company, check out our news releases and the Standard & Poor's, weekly "Factual Stock Report" on the Company.
3. All of the financial records for the Company for 2008, 2009 and the 1st, 2nd and 3rd Quarters for 2010 have been filed with the SEC and can be located on their website at; www.sec.gov. All of the contracts are real and they are reviewed by the CPA's, Auditors and by our legal counsel. I don't believe they would all risk losing their licenses and careers in puting out false information to the public.
4. It's been a lot of work trying to audit two separate companies for the Form 10K. We're working diligently with our CPA's staff, Auditors and legal counsel to get it complete. We're almost nearing the finish line. We plan to have it filed shortly with the SEC, and will inform the public.
5. With regard to the case of "SEC v Abellan", we discovered the matter in April of 2010, while completing the Form 10K and audit for 2009. We were all very concerned. The Board of Directors immediately passed a resolution authorizing a full and complete independent investigation of the matter by our Auditors and attorneys. We have nothing to hide. Howevr, Universal Bioenergy was never the subject of an investigation by the SEC. Therefore, Management in concert with our CPA's, Auditor's and legal counsel decided it was in the best interests of the Company, the public and our shareholders to fully disclose this information once the investigation was complete. Since the investigation, all of the old management and board members no longer work for the Company. As was indicated in our 2009 Form 10K, "Current management has also recently become aware that former management was contacted by SEC enforcement pertaining to the above related to an informal investigation of "another co mpany". It should be noted that the Company and its then management were not the focus of the informal investigation. According to the court filings in SEC vs. Abellan et al, the SEC was not able to obtain the Andorran banking records of Lacroix and Mortensen, and accordingly cannot currently definitively link the funds invested in the Company to the illegal activities of Abellan."
Our goal is to build a good, strong and profitable company for the long-term.
Have a great day!
