Replies to post #29453 on Universal Bioenergy Inc. (fka UBRG)

[wilma6311]

money, Once again I have to interpret...

The below is not a definite reason for the change to limited it is only possibilities of what may have happened as the OTC doesn't go through and analyze each company. My thought is that they have filed so many NTs in a row that it signals an inability to file by the initial due date even thought the SEC definition of an NT does not render the filing late.

If you look up OTC limited it clearly describes:
1.) the company reveals LIMITED information in contrast to FULLY REPORTING companies.
2.) the company is in DEEPER DISTRESS than it was when it was listed on the OTCQB.

In regard to the below comment, I would be surprised if you found that greater than 1% of the value they hold in shares has been converted. They can't convert without filing a Form and looking back...I believe I am pretty close to being correct on my calculation.

No matter which one you pick they still get paid $174,000 a year in stock and will still convert those shares into cash while destroying shareholder value.