Replies to post #5607 on Universal Bioenergy Inc. (fka UBRG)

[Krysti]

UBRG reports 100% of NDR income by consolidation.
This is acceptable, as UBRG has 'effective control'. But there must be a Balance Sheet entry to deduct the 51% interest that UBRG does not own.

UBRG state that they have made a Balance Sheet adjustment for the 49% of NDR that they do not own.

I think the adjusment should be 51%, but I may be misunderstanding the note in their accounts.

There may be a rise on issue of the 10K. It seems to me that the price will depend on shareholder sentiment. The indications, from postings on this Board, is that investor sentiment is to gamble.

Nothing wrong with that.