I haven't looked at UBRG's last PR since it came out, but I decided to re-read it since there are so many complaints about the 10k not being released, so here is the quoted PR & my take on it:
"Universal Bioenergy Inc. (Pink Sheets:UBRG), a natural and alternative energy company confirms that it expects filing its Form 10K Annual Report with audited financials with the U.S. Securities and Exchange Commission next week."
That would have been this past week, thru the 8th, and I believe was meant to coincide with the Divvies.
"The Board of Directors met with its Certified Public Accountants and Independent Auditors this week to review the final details and status of the audit for Universal Bioenergy and NDR Energy Group. The Company is working diligently with its certified public accountants, independent auditors and legal counsel to complete the final review and approvals for filing the Report.
Universal's President Vince M. Guest states, "We wish to apologize for any inconvenience this filing delay may have caused to our shareholders, stakeholders and the investment community. This has taken a great amount of effort for us, due to all of the major activity during 2010, in terms of acquisitions, joint ventures and the intensive drive for revenues. However, we want to ensure our Shareholders that we are reporting the most accurate information and financial statements in the Form 10K Annual Report, for full compliance with FINRA, GAAP and SEC guidelines."
"We are very excited about the audited financials that will be filed. We believe the numbers will fully confirm and support all of the activities and information that has been released in the news this past year. It will also demonstrate our successes and prove that we accomplished the goals we set out to achieve, and did what we said we would do. We have not released any news to the public recently because we wanted to place a major focus on completing our financials for filing. However, Management has been working on several major acquisitions and transactions, and will release information on these to the public after we have completed the filing of our financials. We are very excited and encouraged about these and believe our shareholders will be also, as we expect it to bring them significant value," says Solomon Ali, Universal's Senior Vice President."
No where does it say that the financials will be released anytime this past week. It clearly states: "AFTER" the filings.
They have fulfilled their promise and delivered the Divvies by the 8th, and I am confident that they will post the 10k and/or any other info that they may have for us, following the completion of the filings, As they said.
I'm willing to wait... without whining!
JMHO
GLTA
MB
