Replies to post #1798 on Universal Bioenergy Inc. (fka UBRG)

[Hydrospirit]

From the 3 quarter 10Q:

"On June 18, 2010 the Company approved amending the Articles of Incorporation to increase the amount of authorized shares of common stock from 200,000,000 to 1,000,000,000 shares with a par value of $.001. The purpose of increasing the number of shares of common stock is to use them for business and financial purposes, including raising capital, for mergers and acquisitions, acquiring products or services in exchange for stock, attracting and retaining employees, increasing our shareholder base, and being able to respond rapidly to opportunities that arise in the marketplace."

As far as the float goes, this is the last we know, also from the 10Q:

"Outstanding at August 14, 2010
Common stock, $0.001 par value

45,455,000"

The float, last I heard, was 20,500,000

[Hydrospirit]

IMO, after reading the last 10Q I don't feel that Universal is looking to P/D. The extra shares (as stated in the 10Q) are for additional acquisitions and also in preparation for uplisting to a major exchange as a tool to increase PPS to the minimum $2.00 required (among other reasons listed in the 10Q).

I am still learning here, but it seems to me that they may plan to use the extra shares in the AS for acquisitions, then do a reverse split to raise up the PPS?

This is just my speculation, and I still understand little about it, so anyone here that has a better grasp, please straighten me out!

[tocororo]

Hey Gmarc3 read this Info I don't see any increase in shares...

http://www.otcmarkets.com/stock/UBRG/company-info