US Energy Systems Inc fka USEY

[stock2windaily]

USEYQ now at .02!

[stock2windaily]

his is interesting:

As previously reported on January 16, 2008, U.S. Energy Systems, Inc. (the "Company") and two of its subsidiaries, U.S. Energy Overseas Investments LLC and GBGH, LLC, filed voluntary petitions to commence cases under chapter 11 of Title 11 of the United States Code on January 9, 2008 in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). On August 22, 2008, the Company and the two subsidiaries filed Plans of Reorganization (the "Plans") with the Bankruptcy Court. The Plans remain subject to modification and revision.

On November 20, 2008, the Company and the two subsidiaries filed a motion with the Bankruptcy Court requesting an extension of the exclusive period during which the debtors have the exclusive right to solicit acceptances of the Plans from December 5, 2008 to February 27, 2009. The extension was requested to allow the debtors more time to complete negotiations with Silver Point Finance, LLC regarding a stalking horse agreement for the sale of the stock or assets of U.S. Energy Biogas Corp. and for the restructuring of the GBGH, LLC pursuant to a term sheet between the parties. The Company anticipates in the next two to four weeks (a) finalizing the stalking horse agreement and (b) incorporating the term sheet into the Plans and filing such amended Plans with the Bankruptcy Court.

http://biz.yahoo.com/e/081125/useyq.pk8-k.html

[stock2windaily]

Chart:

[stock2windaily]

Very small volume today - but nearing 52 week low with an exciting future. Great opp's IMO!

[stock2windaily]

Didn't realize this board was already created.

[stock2windaily]

New symbol is USEYQ

[solidus]

I believe this stock is doing very good the last three weeks. Maybe it is a turning point to a good solid stock.

[Bull Trader]

looks like it eh???

[pj McMulligan]

I think I might be feeling tempted to buy some more today 8~b

[Bull Trader]

YEEEEEEEHAAAAAAWWW - I hope it goes lower!! I wanna ride this one back up to 5!!!

[pj McMulligan]

Let's see her bounce off that 30rsi around 40 cents or so and we can all get back in ;)

[loridans]

Been in USEY twice for scalps. Congrats, Blue.

[Bull Trader]

What a ride!! Got in as soon as it started turning up again. was oversold. Reversal in FULLL EFFECT!!! BOOOOYAHHH!! GAPPER COMING!!

[loridans]

Enjoying the ride? Ahhhhh---nice when you are right for a change.

[lakofpotential2]

Thanks,

Thats along the lines of what others were expecting

[loridans]

I expect a PR before the end of the week. The assets that USEY has is substantially greater than the debt. And they have cash on hand. They will get financing. I am playing this for a brebound to $2.50

[lakofpotential2]

any guesses on when its gonna turn back around?

[loridans]

Validate a supposition? NO.
I have spoken to brokers and investors that have millions of shares--and they were bying more yesterday. There will be news out to inform investors of the next step--but it does NOT include Chapter 7 or chapter 11.

[Porsche928s]

Obviously not.

[Pecuniam]

Can u validate anything u just posted?

[loridans]

That is not what I am hearing. The banks do not want to take the loss and are going to front the capital for the shortfall to finance the completion of the gas field.

Watch--PR out by Thursday

[Pecuniam]

SHORT THE CHIT OUT OF IT. Its going C11 or C7

[loridans]

My, My--USEY below $1.50

[MrSparex]

...break $6.00 in May!