Universal Bioenergy Inc. (fka UBRG)

[moneym8ker]

The stock is down 12% this am and down almost 25% and it's only Wednesday morning.

Any pending news must not have investors too confident.

The PR release NEVER said anyone from China is in town...all it said was that UBRG is planning to arrange them to come.

An NT is not a late filing...it's a NOT TIMELY filing which is a fancy way of saying its late but it gets a grace period and that grace period is now over halfway expired.

UBRG has been delisted from the QB market and they won't be able to maintain the "limited" tier listing if they don't file their 10k in about a week.
I have my doubts that they will file their 10k within the grave period time allowed because they've had over six months to file a 10k or any interim financials and haven't. Saying they changed FY's and that's why they haven't filed any financials in over a half year is not a good enough reason for traders.

Clearly traders have little enthusiasm for the company or stock ...one only needs to see this weeks chart for proof.