THIS IS A REAL PROOF AND EVIDENCE WHY THOSE CROCS ARE LIERS AND ONLY RELEASE FLUFF PR'S....WHY COAL SALES WASN'T INCLUDED IN THE 10Q?...WHERE ARE THE SALES?...WHAT ABAOUT THE NAT GAS SALES FROM SEPT 2012 TILL PRESENT?....
IRVINE, Calif., June 15, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (OTCMarkets:UBRG), a publicly traded independent diversified energy company, that markets natural gas, propane, and produces petroleum and coal, has begun selling commercial coal from the Whitesburg Friday Branch Mine in Whitesburg, Kentucky and is expected to begin generating cash flow. The Company forecasts the sales of coal should generate an estimated average of $52.80 million in revenues and an estimated $5 million to $8 million in earnings annually.
HARD FOR THEM TO ACCOMPLISH THIS PROYECTED REVENUES IN 2012 FOR SURE...WILL SEE THE 10K...HOW MUCH WILL BE THE LOSS...FOR SURE THEY ARE HOLDING THOSE FLUFF PR'S TO BE DUMP BEFORE THE 10K IS RELEASE TO COMPENSATE OR SOFTEN THE BIG DROP SHARE VALUE...
IRVINE, Calif., February 27, 2012 – Universal Bioenergy Inc., (OTCMarkets: UBRG), a publicly traded independent diversified energy company, announced that it projects a major surge in its sales to increase to over $200 million in the next twelve months. Due to the major acquisitions the Company has planned in the gas, oil, propane and coal sectors of the energy industry, the Company forecasts that its sales may climb nearly three times or by an estimated 295% from its estimated record sales of $71.74 million for 2011.
If you read carefully this you will be aware of?...but wait to drop to 0.001....
The Company valued the conversion features in its convertible Notes using the Black-Scholes model. The Black-Scholes
model values the embedded derivatives based on a risk-free rate of return ranging from 0.16% to 0.33%, grant dates of
Notes, the term of the Notes, conversion prices ranging from 30% to 50% of current stock prices on the measurement
date ranging from $0.00305 to $0.0081 , and the computed measure of the Company’s stock volatility, ranging from
192.08% to 269.47%.
The Company has a net operating loss carry forward of approximately $16,600,000 however in accordance with IRC
382 the loss is limited to 79% of the loss carry forward
