Thankfully I have no interest long or short or otherwise in this stock. But I am asked what would I do if I was a shareholder?
I am grateful to a fellow on Twitter for flagging up yet another horrific lie from US Oil & Gas, this time from April 19th 2012.
Another day and more documents emerge. Among the absolute classics is an email from Brian McDonnel (the hapless CEO) to a shareholder demanding that the shareholder cease ringing contractors and officials in Nevada to discover things about life in Hot Creek. Brian says that it is illegal for shareholders to do such due diligence. What piffle.
I have today been passed secret documents sent by both the FSA and regulators at PLUS Markets to advisors to disgraced scandal ridden US Oil & Gas.
Hidden camera footage from the USOP board room.
Dave Allen, that chap from Father Ted, Oscar Wilde...all great Irish writers of comic prose. And now we can add to that list whichever genius crafted today’s operations update from joke company US Oil & Gas (USOP). Truly you have to be a class one crack-head or have an IQ of less than 15 to own this share.
A few weeks ago I reported to the Irish Olympic Committee that I had run 100 metres in sub 10 seconds. Since Ireland has never won a sprint gold, the lads were over from Dublin pretty quick to see me.
This is a story that started in an office above a pub in a part of Dublin where muggers go out in pairs for their own safety.
I have been urged to tip shares in US Oil & Gas all summer. I resisted the urge. Every day an email or a tweet seemed to land one of a dedicated band of believers pointing out how the shares were already a 100 bagger as they headed up to £6.90. The believers reckoned that fair value was anywhere between £15 and £100 per share and that I should get on board as soon as possible. Today they are 89p. They were 35p on Thursday before the CEO embarked on a media blitz to start the ramp all over again. So should I clamber on board now? Er...
