Replies to post #7271 on Universal Bioenergy Inc. (fka UBRG)

[cool luke]

Prove they all have fallen through. To make this statement i hope you have proof. Prove itttttttttt or be called what people call us when we dont tell the truth prove me and us wrong prove it that all deals have fallen through.

[UBRG / CAVR]

51% not 49.

[dantheman2]

nice post. You have really done your homework. I am sitting on 55K... My inclination is to sit this out. I got in at .09...

Your thoughts...

[Krysti]

This stock was born from a documented scam. Now all but pumpers, or the blindly optimistic see that it has many characteristics of a share manipulation scam.

Let's be clear: having the characteristics of a scam doesn't make it one. UBRG directors have been careful to issue only 'forward looking statements' of their hopes, aspirations and strategies. Some investors have then drawn their own (over-optimistic) conclusions.

But all arm's length investors have lost out, because none of the grand plans have been completed.

Take a look back at the 'Strategic Plan' for 2011 set out in the 2010 10K. It was an entirely credible strategy. But the directors have failed to achieve it. That failure was entirely predictable to those who have followed this stock. And was predicted at the time.

Those who understood that this is a Trading stock (and not an Investing stock) played the directors at their own game. They treated this as a share price play. So they bought, sold and cashed out, without reference to the underlying UBRG business.

Those who played the 'Long' game, and believed in the long-term business plan have lost, because they have invested in a non-existant business.

Anyone feeling bruised by the UBRG experience should focus on getting answers to the following:

1. Does UBRG truly own Texas Gulf Oil and Gas?
2. Did Texas Gulf Oil and Gas truly invest in a JV with Progas?
3. Did UBRG earn anything from the Progas JV?

The directors have expressed as fact (and not as forward looking statements or opinion) that UBRG owns Texas Gulf Oil and Gas; that UBRG has a JV with Progas (via an investment by Texas Gulf Oil and Gas); and that the Progas JV struck oil.

The UBRG financial accounts reflect none of the above. Despite accounting for the non-controlling interest in NDR there is no accounting for the controlling interest in Texas Gulf Oil and Gas.
Payments made to Progas are accounted for without showing any value for the JV interest received, and no income is shown from sales of gas or oil by the JV.

If the directors' statements are true the accounts are defective. If the accounts are not defective then the directors' statements stray beyond mere optimism and become material misrepresentations that influenced the share price.

With share prices rising on optimistic news those insiders who received shares at a deep discount could not lose (even on a low pps). The characteristics of a scam.