Universal Bioenergy Inc. (fka UBRG)

[moneym8ker]

So often when I see a stock that's plunged 44-50% in a one month time period I can find value to owning it.
Perhaps the company is sitting on some cash, or non cash assets, or maybe some pipeline whopper or something.

UBRG? No cash. To point a fact, they owe nearly 3x their market cap. Their debt is 3.52 million and their market cap is $1.28 million... So they owe nearly three times their market cap in debt.

Assets? None. Any non cash assets are wiped out by debt.

Pipeline? Well... Lets look. A quick glance at their website with 3 year old grandiose plans that never came true lends me to believe that more current grandiose plans won't materialize either so ZERO pipeline.

Lets not forget... Lets not forget the constant share issuances (I for one cannot wait to see their next 10Q... It'll be prefaced with their 9th consecutive NT Filing (that's a filing a company must process to the SEC when they know they're going to miss filing deadlines and need an extension) and you know what it'll show? That 10Q will show a dramatic increase in the Issued and Outstanding share count.

But yeah... Some people here think the share price is dropping because a mystery buyer is manipulating the share price lower so they can buy on the cheap. Some people here are dense enough that they actually believe that the share price is falling for any other reason than the constant pressure of massive share issuances which UBRG needs to literally keep the lights on. Some people believe the shre price is falling because of board negativity instead of the real reason which is : the company's only real revenue stream is dilutive share issuances as, according to SEC balance sheets all their contracts cost more to attain and retain than they make.