I agree with you, something is not right here.
In the red, all set to add more on latest story, (no longer news to me). But I'll hold and see what happens in July, or else cut my losses before year-end tax selling. Hope you post if an when you buy.
I am a disenchanted investor holding UBRG at a loss.
UBRG's news release all read very positive.
UBRG should be substantially higher that where it closed Friday.
The most recent news I read 6/28:
“largest Investor and shareholder is seeking to increase its stake in the Company”. … “Potentially seeking to increase its holdings in the Company by another 10%, and acquiring an additional 254 million shares of the Company's outstanding shares of common stock”
UBRG share price should go up next week with the potential of 254 million new buy orders by one investor. IMHO if it does not, then this latest news release is another bogus one.
As a sharehilder, I read this latest news as a potential turn-around for current shareholders:
“IRVINE, Calif., June 28, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (UBRG), a publicly traded independent diversified energy company, that markets and distributes natural gas, electricity, petroleum and coal, announced that its The Investor, currently the largest shareholder in Universal Bioenergy, is potentially seeking to increase its holdings in the Company by another 10%, and acquiring an additional 254 million shares of the Company's outstanding shares of common stock. If the Investor intends to retire those shares it would significantly reduce the supply of outstanding shares in the open market, and could potentially increase the value of the Company's shares.”
We will see.
Good Luck, and Happy 4th of July Holiday.
I'm guessing GAAPS EPS of $0.54 less ..05 = $0.49 for 4th Qtr
A sirprise of $0.15 or better?
I'm in. Good Luck!
Sentiment: Strong Buy
They were reported yesterday 7/30. It;s simple math. Take the total and subreact qtr 1,2,and 3 then you get the 4th. It is part of the annual.
I provided a sumation about 6 hours ago.
Sentiment: Strong Buy
If you did the research and read the reports you would know for 2013:
1st Qtr was $0.12
2nd Qtr was $0.15
3rd Qtr was $0.32
4th Qtr therefore should be$0 .59
Since total was $1.03 after .05 reduction for non-cash derivative loss.
No one is hiding anything, no conspericy, just a growing company trying not to be redundant.
At least till tomorrow, Monday for certain.
This news and cash margin calls comming overnight, IMHO, more selling pressure tomorrow. Selling will push this thing down to aversold. Now looking at $0.50 to cover, then go long for a dead cat bounce.
Sentiment: Strong Sell
Now that ELTP is on the radar expect a few upgrades expect a few upgrades, and here is WHY (IMHO):
1. New products on line new revenue will reduce, recouping costs at a greater pace.
2. At $0.16 current PE is 15.0 while S&P 500 is at 17.5.
a. This translates to $0.19 short-term target.
3. S&P’s revised 12 month Profit Margin is now +43.8% S&P 500’s is +7.09%
a. This translates to $0.90 near term price target (IMHO by next quarter)
4. ELTP’s peers:
a. BPTH with no PE, no Profit Margin closed at $0.77
b. OCRX with no PE, no Profit Margin closed at $8.71
c. ORMP with no PE, no Profit Margin closed at $6.53
d. TSPT with no PE, -125.2% Profit Margin closed at $3.74
5. Where do you think ELTP’s price will close EOM or after next quarter’s results.
As the numbers show I’m betting we'll see over $0.77 soon - plus $8.71 is out there too (that’s wish full thinking). I’m adding to dips.
Good luck longs
Sentiment: Strong Buy
"NORTHVALE, N.J., Oct. 8, 2013 (GLOBE NEWSWIRE) -- Elite Pharmaceuticals, Inc. ("Elite" or the "Company") (OTCBB:ELTP) announced today the signing of a Manufacturing and License Agreement ("Agreement") with Epic Pharma, LLC ("Epic"). Pursuant to the Agreement, Epic will have the right to manufacture, market and sell in the United States and Puerto Rico twelve generic products owned by Elite. Of the twelve products, Epic will have the exclusive right to market six products and the non-exclusive right to market six additional products. Epic is also responsible for all regulatory and pharmacovigilance matters related to the products and for all costs related to the site transfer for all products. Pursuant to the Agreement, Elite will receive a license fee and milestone payments. The license fee will be computed as a percentage of the gross profit, as defined in the Agreement, and earned by Epic as a result of sales of the products. The license fee is payable monthly for the term of the Agreement. The first milestone payment is due on or before November 15, 2013. Subsequent milestone payments are due upon the filing of each product's supplement with the U.S. Food and Drug Administration ("FDA") and the FDA approval of site transfer for each product as specifically itemized in the agreement. The term of the License Agreement is 5 years and may be extended for an additional 5 years upon mutual agreement.
"We are delighted that Elite elected to further develop our partnership by awarding this licensing agreement to Epic for these recently acquired products. This is a natural extension of our ongoing collaboration with Elite and allows Elite to leverage Epic's ability to manufacture on a large scale," said Jeenarine Narine, President and COO of Epic.
Nasrat Hakim, President and CEO of Elite, stated, "Epic continues to be a valuable partner to us. Epic is able to provide signific
Sentiment: Strong Buy
From a corporate tax point (see IRS Form 1120S) pass-through income to expense for the first milestone payment to be paid by November 15th and monthly thereafter could be huge for ELTP, it’s management and shareholders.
As a shareholder I can realistically see a potential dividend and would support it in lieu of an additional tax expense any day.
What a huge feather in Mr.Hakim#$%$ (if it wasn’t part of the game plan). Just imagine the impact for ELTP’s Market Cap as a resurgence company and ALL shareholders. I’d say that would be brilliant move.
I’m long and still accumulating.
Based on latest Income Statement and Balance Sheet there is vale, certainly at these prices.
What currently hurts UBRG is the huge outstanding shares. IMHO after the reverse split and out of the fractional penny share price, the Revenue growth compared to Net Loss reduction should spark some interest with new buyers.
The numbers between 2012 and 2013 look impressive:
a. Revenues increased by 5.04% or $2.9M
b. Net Losses decreased by 86% or $3.5M
In the next 6 months, IMHO, there is a realistic possibility of a profit. There seems to have been a lot of careful and calculated trashing going on since yesterday, and pumpers really didn’t help before reporting. But now that the everything is exposed, I like the potential of a turnaround her.
Long again, with about 65% more than over 30 days ago (able to use losses).
Good Luck, have a great weekend.
Sentiment: Strong Buy
“Fabricated crisis creates fantastic opportunities.”
Read the latest 10-K SEC filing period. One can’t believe anything on THIS BOARD anymore, pumpers now heavy bashers, bashers were pumpers.
Additionally form last night SCHEDULE 13D filing filed last night reads in part:
“Item 1. Security and Issuer
This Schedule 13D relates to common stock with a par value $0.001, of Universal Bioenergy Inc., (the “Issuer”). The principal executive offices of the Issuer are located at 19800 MacArthur Blvd., Suite 300, Irvine, California 92612.
Item 2. Identity and Background
(a) The name of the person filing this Statement is Global Energy Group LLC
(b) The business address of 2 Sheen Road, Richmond, TW9 1AE, United Kingdom Global Energy Group’s United States address is: 101 Marietta Street, Suite 3100, Atlanta, GA 30303
(c) Global Energy Group’s controlling entity is Rainco Management LLC, and the control person for Rainco Management LLC is Nicole C Singletary.
(d) Global Energy Group LLC, Rainco Management LLC and Nicole C. Singletary, during the last five years, have not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) Global Energy Group LLC, Rainco Management LLC and Nicole C. Singletary, during the last five years, have not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) Global Energy Group is a Limited Liability Company. Rainco Management is a Limited Liability Company. Nicole C. Singletary is a United States Citizen.”
You can’t believe anything on THIS BOARD, pumpers now heavy bashers and bashers have gone overboard (there are always bashers if there is value).
I am long, between .0008 and .0010 now.
I think I’ve proven my point, thanks for those participating and you too Newmen_72 Reasonable people understand facts from fabricated insinuations by deviation tactics. I Hub keeps deleting his messages because these misleading comments.
All I said was: “Read the latest 10-K SEC filing period. One can’t believe anything on THIS BOARD anymore, pumpers now heavy bashers, bashers were pumpers.”
I read the same negative chatter December 2012 about BBY; “gonna go bankrupt” and “BBY is a scam”. Started my bus on 12/14/12, HUGE volume day, all under $12.00 was in the red foe a week or so but hung on. BBY closed yesterday at $42.71, different company different set of circumstances but the same negative chatter, but up 260%
March same negative chatter with FLPC, ”Toxic Debt”, “Promoter Convicted of Stock Fraud”, all not relevant to FLPC but the SEC filing at that time showed promise. I started buying was .004, FLPC closed yesterday at .031, now looking at up 675% (Oh what do I do?)
Some take longer. I’m in the red at yesterday’s close in CPOW waiting for the blackout period to expire.
The point is they all were way over sold, IMHO, with abusive negative charter as is being demonstrated with UBRG may be one of those. There is no Fraud, rely on the actual SEC filings, talk to your broker, you should take everything with a grain of salt what you read in these Public Chat rooms.
I’m long holding with newly placed open orders to finish my buying allotment. I don't like mangement but do see an upside to this. UBRG's web site is up and running and NDR Energy has too much to lose IMHO.
Good Luck and have a safe weekend.
Time for more insiders to add since last cashless sell exercising;
a. 403.4M shares outstanding
b. 11.35% or 45.7M shares are held by insiders.
c. Now .60% or up to 2.4M shares listed as held by institutions per latest Reuters (went from .30% up to .60% since Junes reporting)
Since triggering new monthly milestone payments since 11/15/13 (management will keep it “confidential” till next quarterly) under the License, Manufacturing and Supply Agreement, these payments should go directly to the bottom line, might even trigger a buyback or special dividend soon or Management may risk a shareholder’s revolt or losing control to the likes of a Carl Icahn (there is no information Mr. Icahn has a stake in ELTP).
1. Since institutions have doubled their holdings since June (since last Reuters reporting-Yahoo is one report behind).
2. IMHO it will only take 50M shares to take control of management and
3. 323M shares, or about $48M at today’s prices. To take full control
Happy Thanksgiving! Good to be long
Sentiment: Strong Buy