Universal Bioenergy Inc. (fka UBRG)

[moneym8ker]

Wilma,

If you look at the 10Q from the period ending March 31, 2013 and the 10K for their 2012 annual report you'll see some of their debt agreements had a fixed price of $0.0020. The recipients of those shares now have little incentive to sell. It's actually in their best interest to see the stock rise at this point while others are still receiving shares at a 50% discount to yesterday's close, today's close, tomorrow's close etc.

Point is, there should be a little support at $0.0020. I don't know if or how long it'll hold though because its now taking 500 shares to pay off a buck in debt. As I wrote 3 weeks ago, math suggests that the stock must do a reverse split soon because at these prices they simply can no longer pay off the debt they owe with the authorized shares remaining.