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bruce4653, UTOG revoked;
http://www.sec.gov/litigation/admin/2014/34-73873.pdf
Good luck
The PPS is well reflected at .001 and if the company grows or oil prices in the middle east spike due to war/instability well...
UTOG had a very high volume day with 167,000 shares traded at .001. This looks good
and may lead to a break out to .004 like it has done in the past. What is needed is for
a big investor to come in and get wells drilled on the other land held by UTOG. This
would develop much more oil than the weak wells they have now.
I think you got one to many 0 in there.
Woo Hoo, price is at .0003!!!!! Let's hoe it gets up to .0004, a 33% increase then we can all retire!!! Best thing to do is find a glue factory for this old mare!!!!
I think we should start with the lease operator, Sands Oil co.
They will have company contacts for both CUBO and UTOG and know how much oil is being produced. My e-mail is bruce4653@yahoo.com
I know an atty.who specializes in penny stock fraud.He wrote 3 books regarding this type of issue.
Bruce4653,I am more pissed at these people than I can remember.I am lucky enough to be riding the MJ wave and will have funds very soon to pursue justice!I will never forget the names and will make it a life long goal to trade eyes with the snakes one more time.If you think the facts are there and if we can order books,lets roll!
Below is part of response to me from Patrick in April 2013: If you are smart enough to understand this, then post a reply. If not, then we don't need to hear more gloom and doom comments.
Plans moving forward
Management has the best interests of shareholders at hand when working on this project. We are working through counsel to satisfy the requests from the SEC with the hope that we might be cleared to trade again the on OTC. Again, management is paying for the legal costs as no revenues are being derived by the Company.
We will eventually have the $2 million payment from Cubo as well as a percentage of revenues moving forward. (see Addendum – New Miami transaction notes) The company also owns the Musselshell leasehold, and efforts are being made to raise capital for drilling.
Given that the Company has assets and is owed monies, there is value to the corporation. Eventually, we believe that we can raise additional capital once everything is cleaned up and look at the Musselshell property closer and perhaps look at additional acquisitions.
Ultimately, as I have stated before, we would like to see a resumption of trading on a regulated stock exchange or bulletin board.
Regards
Patrick Smyth
Addendum – New Miami transaction notes
a) Uniontown will receive an payment of $2,000,000 from the proceeds of the working interest of the existing wells at New Miami transferred to Cubo Energy AG on a 50/50 basis until paid, plus;
b) Uniontown will retain 5% of 8/8ths Net Royalty Interest on all existing wells and any future wells at New Miami until a total amount of $3,000,000 in Net Royalty Interest has been received by Uniontown.
c) Uniontown will retain an Adjusted Net Royalty Interest of 2% of 8/8ths Net Royalty Interest on all existing wells and any future wells at New Miami after a total amount of $3,000,000 in Net Royalty Interest has been received by Uniontown.
NB: “Net Revenue Interests” means, with respect to a given oil and gas lease, the interest of Seller in production of oil and/or gas from or allocable to such lease, net of royalties and other lease burdens as calculated on an 8/8ths basis. With respect to the Net Revenue Interest that Uniontown is keeping under this agreement on all existing wells and any future wells, it will be 5% of 8/8ths.
“Adjusted Net Revenue Interest” means a Net Revenue Interest of 2% of 8/8ths that Uniontown is keeping after a total amount of royalty of $3,000,000 has been paid to Uniontown out of production.
you forgot a few zeros
bruce4653, UTOG is a Revoked Nevada Corporation;
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=OIva7n8IWR71k6MSxb7UIw%253d%253d&nt7=0
The SEC says that the oil and gas properties that UTOG claimed to have may not have been true;
http://www.sec.gov/litigation/suspensions/2011/34-64576.pdf
UTOG had 27,000,000,000 Authorized Shares. Buying some of that stock does not entitle anyone to anything. There is no company to go after anymore.
Good luck.
Who wants to stir up some s***.
I have a lot of info that was shared with me a year ago regarding this business. CUBO is benefiting from the production at New Miami. Maybe some deeper pockets there to pursue.
All it takes is $$$$$ and we can sue, sue sue. Utog is owed 2 million by CUBO. The stockholders are UTOG.
Cannot find assets without a supoena. Need to start a legal action to get those records. Some forensic accounting can determine if the management team is in line to reap benefits. Maybe if we attacked, we could get control of UTOG (if there are assets, agreements of potential value that we would want).
I have $1000 I will commit to legal action. We need to accumulate $10,000 to retain a competent attorney to get records. Once we have those, they will include the contact info for every stockholder. With knowledge of assets and agreements, we can determine whether it is worth pursuing a broad class-action against Management and/or CUBO by the stockholders. If not we cease and desist and return remaining balance of $10,000 to the stockholders who put up the money.
IMO.................... Bruce Peters
Must be a big trader
1,000,000 x .0003 = $300
Going to flip it at .0004 to make a cool $100.00
Hell, maybe I should waste $300 and buy a million shares.
Always wanted to have a million shares in a company!
Who know, I already wasted thousands on UTOG,
It maybe the come back story of my lifetime!!!!
Another million plus shares today ??????
Who would purchase a million shares and why?
hey slick.. either way, the $ low volume is going to keep anyone who isn't gambling out.
Hey slick ---- I said volumn and not $$$$
yeah like $1000 dollars worth.. weeee
HUGE VOLUME Y Y Y any answers out there ???
Why oh why are people still buying this stock ????????
Seems like the Crooks give Politicians pretty stiff competition when it comes to stealing our hard earned money. Following up on "pursuing the issue" questions; What is our knowledge base? 1)How closely can we tie down the geographic location of any subject properties? 2)Has anyone physically observed any of the purported leases? 3)Has anyone determined if local recording of any lease exists? 4)Has anyone determined State administrative participation in any aspect of operations? 5)Are any Federal or State investigations underway with respect to laws, rules and/or regulations covering financial, operational, environmental, etc., etc.? Do we have a quarterback if desire to pursue exists?
I have been following this message board for a few years and would be interested in getting my money too. I have 5K invested in UTOG. keep me posted in regards to court action etc.
NcGyver1, people that sold UTOG stock for $1.00-$2.40 per share made a fortune;
People who did not sell their stock are owed nothing. The financials were lies. The stock was suspended;
http://www.sec.gov/litigation/suspensions/2011/34-64576.pdf
http://www.vegasinc.com/news/2011/jun/07/3-southern-nevada-companies-named-penny-stock-frau/
Good luck.
No more website, no more contact..... money robbed
From what I gather their headquarters is in Canada even though their properties are in the US. There should be a class action law suite. I just dont know the value of the company. If there is any production we should find out. They got me for about 10 thousand. They really did good job of sucking us in. Maybe we could start with the SEC and go from there.
I am also interested in the pursuit of any resources UTOG execs may still be involved with. Have been vested for three years now.
I just went to their website and their domain name is for sale.
Max, Im with you on pursuing the UTOG assets and find out what we can do as scammed investors. I dont believe the money was wasted of the assets lost due to bad investment. There was something not right about this company to begin with.
Gyver
We all wasted a lot of money with this stock............
I think the leases they had; if I remember right, required payments and future work events to keep their share or it was forfeited. I researched the timelines before and they most likely are in default. But I'm not sure anymore, boy did they waste a lot of money.
whitedog3, UTOG claimed to have "leases"; they did not own anything. EOM
Does anybody know how to find out what happened to the ownership of remaining plots and whos name is on Miami and what ever we have left?I think its a name game and how can we get details of any and all assets.
Bruce,
Thank you for replying about UTOG on the UTOG board. <edit> I am <edit> looking to you, as someone who obviously has more knowledge about UTOG than I, for what might be our direction forward with UTOG.
Whether that is in some form trying to wrest control of the floundering UTOG, or how we, shareholders of record in UTOG, insure that we are inline and/or prioritized for any monies that are made via UTOG production or UTOG asset sales. Before they are siphoned off by others?<edit>
I stand ready for recommendations on how to move forward with UTOG.
Bruce, do you have any other manner of contact or boards yu frequent? I'd love to discuss UTOG without writing 30 times and hoping I can post.<edit>
Please note I am not asking, or discussing any other stock except UTOG. <edit> I am specifically looking to discuss UTOG on this UTOG board, with like minded UTOG investors. Hopefully with ones that have more knowledge about UTOG and how we may move forward with UTOG, than I.
Max
The only thing that is left to do......is blow taps!!!!!!
I believe UTOG is owed $2,000,000 by Cubo who is now managing the production.
cayman_west, UTOG knew exactly what they were doing. EOM
UTOG never lied about the assets. They may have been told lies by the persons that sold them the property.
Starship099, UTOG was suspended by the SEC for lying about those assets. EOM
How are you going to recover anything? What is the value of the assets they actually own? I just saw a 2011 report of their assets. It was in the millions at that time. They lost some land due to missed payments on it. Last reported they were making a small amount of money on the oil being produced.
I am also losing more than 10K and there is no recovery in site. They need a million dollars to get anything turned around.
Our discussion should be about pursuit of legal action, not whether this company will ever turn around. It won't. It was a scam. We got taken and we deserve to be compensated!
Anyone who has been a shareholder as long as I have knows the trading suspension killed us. I'm out over $10g from this pump and dump.
Their website isnt even valid anymore.
We are dead in the water......
Bruce, are we still going anywhere with UTOG? Have we received enough support yet? I would think, given all the investors, that coming up with a couple K bucks should be easy.
I mean they where pumping oil and if the execs are gone, perhpas they are making some money somewhere.
Max
Just found Patrick on LinkedIn.
He is now president of Rebagliatigold, which is a medical marijuana company
Go to. Www.rebagliatigold.com. And read about the company states Patrick is the pres.
Also his LinkedIn profile states he was a success in the oil industry.
Happy reading.
Thanks.I turned my family and friends onto utog.Patrick was the reason I believed this play was different.Has anyone heard from him?What happens now?
darren had fled the country and converted to muslim.
my sources tell me that the DoJ in NY want to speak with him.
Brando,hope you are still here.What could we do if say he is found.
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