Universal Bioenergy Inc. (fka UBRG)

[moneym8ker]

This WHOLE PR doesn't pass muster.

1.) where did they get the cash?

2.) exactly WHO did they negotiate the price with in this private transaction?

3.) The Co. Reports that they bought 300,000,000 shares and the stock goes from $0.0011 to $0.0020? Granted..that's nearly a 90% swing and a 53% climb from yesterday's close but it did it on 35 million volume... Call me stingy but this stock should have seen a much larger move if this repurchase was legit. I mean..I've witnessed 26 million share volume days on this stock WITH NO NEWS...so call me unimpressed when they have a 35 million share volume day on this kind of news.

4.) UBRG stock lost nearly 70% value since May(it's last Q) so WHEN exactly, while this stock fell and fell and fell did they buy and cancel the shares?

I hope it's the real deal. I hope that some longs get to make some
Of their money back BUT share buybacks are hugely regulated...the stiff regulation surrounding share repurchases lends credibility to it actually happening BUT how did they pay for it? I worry they financed it with more notes/warrants which would have a net dilutive effect.