|From: tocororo2010 (Rep: 0)||Date: 2012-06-06 16:17:08|
|Forum: TheLion.com Central - Thread #673411405||Msg #494 - Part 1/1 (Rec: 0) |
|This news out just a few minuets ago. The date of ownership was changed from June 1 to June 13. You still have time to buy up shares. |
Also it says they will release news on the on the expansion VERY SOON. I think we will hear about it in the next 2 weeks along with news on the chill. JUNE is going to rock for UBRG and LONGS!
IRVINE, Calif., Jun 6, 2012 (GlobeNewswire via COMTEX) -- Universal Bioenergy Inc., (otcmarkets:UBRG), a publicly traded independent diversified energy company, that markets natural gas, propane, and produces petroleum and coal, announced today that its Board of Directors held a meeting, at which the Board passed a resolution declaring a common stock dividend to its shareholders on a 10 for 2 basis.
In planning for its corporate growth and expansion, and as a reward to its shareholders for their loyalty, the Board has voted to pay all shareholders on record, a 20% stock dividend. The plan would pay or issue 2 new shares of common stock, for every 10 shares of common stock held by the shareholders of record, as of June 13, 2012. The required documentation will be filed with the U.S. Securities and Exchange Commission, (SEC), and the Financial Industry Regulatory Authority (FINRA), the largest independent regulator for all securities firms doing business in the United States.
New share certificates will be mailed directly to all qualifying shareholders of record by the Company's Transfer Agent. The Company recommends that all stockholders contact their brokers to ensure their mailing information is current so that there will not be any issues in the delivery of the new stock certificates.
Universal's Senior Vice President Solomon Ali states, "We have strong confidence in the future growth of the Company, and therefore are considering a number of proposals to bring more value to our loyal shareholders. We believe this will reward our loyal shareholders for their ongoing support, and to give them a greater stake in our Company. We also anticipate making some other significant announcements about our expansions plans to the public shortly that will be of great interest to our shareholders and the investment community."
Sentiment : Strong Buy
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