Replies to post #31046 on Universal Bioenergy Inc. (fka UBRG)

[wilma6311]

archie, I have no problem explaining it to you. The debts were questionable in the first place and several were for Vince and Solly's payroll and magical bonuses they gave themselves right before the transaction. They created debt...used shares to pay it off and viola...Ali's main squeeze is the manager of 1.5bil shares of this company. That's how it can happen.

[moneym8ker]

The debts are fake!

100's of creditors? Not even close!

There is technically ONE creditor...but several groups UBRG owes money to.

So how do they do it?

They (Solly and Vinnie) hyper inflate receipts owed to RAINCO (Nicole Singletary) eg: $1000 dollar lunches and dinners are billed but they literally ate at Wendy's. RAINCO submits the overbooked receipt as debt. UBRG offers a like amount of shares/convertible notes in exchange for the debt which RAINCO accepts, then resells to third parties.

So where's the money in that?

RAINCO receives the convertible notes with 50% coupons for the shares THEN resells those very same notes and offers them as debt instruments to third parties with up to 35% discount coupons for shares and they keep the difference between the 50% that they received them with and the 35% that they resold them with.

Viola! Instant return on an investment that all began with a free lunch that was over billed.

Of the 3 million of debt, I'd guess not even 10% is in legitimate billing or legitimate debts. So not only are RAINCO/Ali/Guest making instant 15% on debt swaps, they are also making money HAND OVER FIST by fraudulently reporting debts that are covered with shares that aren't even real.


The good news?

Ali and his fraud squad actively pump and dump their companies. (See REVO 2week chart) I believe UBRG is in line for a pump and dump.

When? How high? I don't know...but REVO spiked from $0.0020 to over $0.035 in the last week so if you see UBRG spike 1000-1500%....sell.