Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

US Oil & Gas - so when is the report into your lies due? When is insolvency?

By Tom Winnifrith

16 May 2015 01:54

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Once upon a time US Oil & Gas (USOP) was the darling of Bulletin Board loons. Okay it gotr booted off ISDX and had completely worthless assets but it huffed and puffed and its shares raced ahead on GXG markets. But as it teeters on the brink of insolvency surely it should update us all - if only to give us a good laugh - on how the regulatory enquiries into its numerous lies are going and on how close it is to bankruptcy.

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Comments

DUCK AND DIVE

16 May 2015, 03:49

So, you’re not buying the BBM mantra that this wee gem will be readmitted to trading next week with no more than a token fine from the GXG regulator, whereupon it will call an immediate GM to announce a massive increase in its resource and vote upon which of the life-changing offers from three competing oil majors to accept?
smartbeds4me

16 May 2015, 04:41

Pathetic post from Simon… his bitzh Stella posting frankly rubbish on the USOP forum.. does he really think investors fall for that.. we all saw straight through his posts.. just laughable ..Thanks Simon, gave us all a bit of light relief
next time make it plausible …

Trolls running out of steam…..
DUCK AND DIVE

16 May 2015, 08:36

In the unlikely event that USOP are permitted to resume trading, I suppose the General Meeting will seek shareholder approval to issue at least 40m new shares in a rights issue at 10-15p a pop. Trouble is most of the shareholders are probably looking to pump and dump and won’t be interested in getting in deeper, however much blarney the CEO comes out with. Can’t see wee Brian stumping up £400k in real money either. Chances of raising enough cash for a couple of smart wells would be zero imho.
DUCK AND DIVE

30 June 2015, 14:58

I see that the dodgepot Proventus Renewables – headed by Ring and McGrattan – has been kicked off GXG today:

http://www.gxgmarkets.com/news-release/pressrelease/1931999

But I thought they had resigned from GXG:

http://www.proventus.co/pics/media_files/PROVENTUS%20RECEIVES%20AN%20OFFER%20OF%20TAKEOVER_41.pdf

Another one bites the dust.