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Bruce, me to $$$
Bruce,
I am willing to drop in some money as you propose.
Max
Patrick Smyth is on twitter and so is Ocean Eclipse. You can always bombbast him with any questions you may have about UTOG.
UTOG has been under a cease trade order in Canada since March 8th of 2012. Over a year now and this stock still sucks.
Check out a company called Ocean Eclipse! It purports to be a investment management company operated by Smythe.
I would be willing to kick in a 100 bucks. If we got enough shareholders to participate would this be enough?
Thanks for taking the time!
Regards,
Snowcat
Something I found that makes me think,Patrick,I found out,went to a excusive boys school in canada cant remember the city but I will find out.There has been others from that school that went on to play in the pennie stock game.They came from money,and I think there may be a connection and cooperation with some kind of miilionairs boys club who con for a living.It would make a good movie IMO anybody here of this?
There is a failure to communicate! For the last time, this is about taking seats on the board and being pro-active in the managing of UTOG as overseers. Also doing discovery to see what has happened at UTOG to determine IF IF IF IF there are damages to the stockholders and if so, seize the assets.
Fighting a stockholder action is a lose, lose proposition for management and a win, lose proposition for the stockholders. I am willing to lose a little more in an attempt to take control of UTOG.
THIS IS NOT ABOUT RECOVERING OUR LOSSES FROM THE MANAGEMENT TEAM (past or present)VIA LAW SUIT!
If the members of this board are not willing to invest a couple grand to gain access to all company records, then this is going nowhere.THis sure as heck is a better investment than the stock we all purchased.
Terry is to blame then?
burnout03, UTOG was a Nevada corporation before it was Revoked;
Officers of Nevada corporations are protected from everything. The last officer listed was Terry Fields, CEO of multiple penny scams the same time as UTOG was. The SEC suspended UTOG stock as they have 1000s before. Check around to see how many were successfully sued and shareholders were rewarded.
Good luck.
Thats not true at all, if a company post PR's that are false and you buy for that reason it is against the law, you dont just say hey bad investment owell. Just one example, You can start here http://www.stockbroker-fraud.com/
How low can this stock go next to zero. How can there still be 14,000 short interest. They should all be covering now. Would have made a lot of money shoring this stock the moment it got delisted.
Was asleep at the switch. My 9,000 shares is now worth $18.00, a complete loss. Looks like there is no hope of recovery.
You have had conversations with Patrick. What can you share that would compell others. We all know no filings, no news, which in itself is compelling
bruce4653, you and everyone else that bought UTOG and did not sell it at $1.00-$2.00 simply made a bad investment decision;
UTOG cannot be sued over it. Spending $$ to find this out is futile.
Good luck.
Filing a suit gains access of all corporate records by subpeona. THEN if our discovery finds evidence of mismanagement or wrongdoing we can proceed to either:
negotiate to add, remove or replace some or all of current board members
or, we can THEN file suit to accomplish the same if UTOG fails to negoiate.
It is obvious that UTOG is not going to keep us informed of what is going on now or in the future.
Patrick missed the 5/1 deadline for additional info requested. I am guessing he is working elsewhere to support himself, as I suspect the others are doing the same, since their Euro partner has been handling the production issues.
It appears from the deafening silence from the rest of the posters that no one else wants to put up some cash to move this forward, and since I am not going to pursue this alone this will be my last post to the group.
I guess I will sit on my hands like the rest of the stockholders.
The facts are, we have lost our butts! The questions are, what can be gained with this law suit? Will it help the return of investment or hinder? Is there a plan going forward? What are the timetables. Is it possible to get relisted.
It just seems that all is a big secret, WHY!
Some of you better investigate the leverage minority stockholders have with a law suite. A suite gives us subpeona rights and UTOG's lawyers cannot prevent a plaintiff's discovery.
If you want transparency this is how we can accomplish that objective. If you are not willing to be part of the solution, then quit complaining about not knowing what UTOG is doing and I will walk away.
bruce4653, the information you receivced that you cannot share is possibly a violation of Regulation FD;
Unfortunately you will find out quickly that just because people bought some stock they do not have any rights to anything.
Good luck.
bruce4653 said "UTOG has no money to fight a stockholder suit. "
2 out of 3 of the directors are attorneys, one in the USA.
IT IS NICE TO SEE MORE INTEREST IN GETTING THIS WHOLE ISSUE RESOLVED. As I stated in the letters I sent to Patrick tn March and April, a lack of transparancy is the issue that requires no money or geology reports. It just requires INTEGRITY.He has provided me with answers that explain what most of the problems are and why they are not corrected. At this time I am not in a position to share that information with anyone else.
Patrick had a deadline of 5/1 to respond to me. IF I have not heard from him this week I will be contacting him next week for answers. This will be UTOG's last chance to comply, .....IF ENOUGH OF YOU WANT TO FIGHT!
I hate to say I am beginning to think that the stockholders are going to need to retain an attorney to get the answers we want and subpoena the records.
I am one stockholder willing to invest $$$$ in this. We can file a lawsuit for a couple thousand dollars, if necessary. UTOG has no money to fight a stockholder suit.
How many of you are willing to put $200 into this, with the understanding that those that do not put in will receive none of the benefits. I think we can gain control of UTOG's board without much of a fight. Once we get complete list of stockholders, I am sure we can get more willing to put money into our legal action.
I will check this board next week for a headcount.
Until then....Bruce
Bruce, I would agree that new capital would be a waste without a listing. At this point I have been a big loser with this stock. I am not sure what has happened and do not understand why the delisting has not been resolved. I hear bunches of stories but not sure, most likly the truth is in the middle. I sure would like to know if the New Miami is still pumping and what the results are since so much has been put into those wells.
I am on board with you to resolve this concern.
I want to learn something from this.Could more details be accessed with modern media?These results that were stated in the promos must be accessible from the state or oil and gas regulators.How can I stop this from happening again.Where does a person access accurate property ownership and drilling results we can trust.Does every body just lie to each other and then we die?WTF
Thanks for the info.There are a lot I will find out.I am adding to my list.these people who do these things think no one will do anything about it.Not true.One thing,it will be hard to surface in the USA.I will be there.
me assassin, Uniontown energy was a sham;
The SEC suspension of UTOG was clear as a bell;
I thought it was a promo or release that streched the truth and some share holders uncle must work at the SEC,but was that the reason we were de-listed IMO Does anyone know any more?
assassin.From all my DD and the proprties RIGHT IN THE MIDDLE of one of the largest oil finds in the world.Major media mentioned williston North Dakota and the oil rush almost every day.They were talking about my investment on TV.WHAT COULD GO WRONG.I think the mans name is Stevenson(a devil)or something.I want to look for him.In our new I gotcha world it might not be that hard.If he ever shows his face in US,and tries to get back in WE will get him.Can anyone help me remember his name and the law he broke.Bruce can you help.If we all work together we might raise notice at SEC or FINRA.Lets do something this time.Mark
I couldn't agree more. The government and its agents should be much more forthright.
As stated, at that time they were up to date. But forgetting that, what peeves me to no end, is the suddenness, excruciating turn around time for government work, and MOSTLY the f'ing secrecy around it all.
If you are going to halt a public company, give the reason for the public halt, what laws/rules you believe have been broken that gives you the right to halt, enough to cost all the shareholders their investment
I have been through several halts that proved of no consequence, except for destroying shareholder value. As well admittedly that proved to be some issues and the companies were fined several million dollars, and again, the shareholders suffered egregious losses. Fines are nice, but if the money isn't given to those that were wronged or suffered, what is the point?
So while I agree oversight needs to be done, I do not agree that it should be done in a veil of secrecy, as well as no accountability by the overseers. And if a company is fined for making false statements, etc, the the money should be given to the non-insider shareholders.
So what I am saying is, if the SEC or even Nasdaq, halts or delists, then we should all be able to see why, and at what point in the process they are at, with a time line. Not the open ended BS that results in never knowing what is really happening until one day in the future that company just goes dark.
Max
flaflyersfan - UTOG was filing and up to date when they were suspended.
me assasin, do not blame the SEC;
The did the right thing by suspending UTOG. UTOG could have stepped up and continued to provide shareholders information and filings but just went silient;
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001310482&owner=exclude&count=40
http://www.otcmarkets.com/stock/UTOG/filings
Place the blame where blame is due.
Good luck.
Is Patrick Smyth still with UTOG, check out his LinkedIn profile, he lists UTOG as previous employer .....
(it seems long but the copy paste works)
http://www.linkedin.com/profile/view?id=40018238&authType=OUT_OF_NETWORK&authToken=dZoO&locale=en_US&srchid=692068eb-2b09-4f21-b473-a38c66057d7f-0&srchindex=6&srchtotal=14&goback=%2Efps_PBCK_*1_*1_*1_*1_*1_*1_Rebagliati+Gold+Ltd*3_*2_*1_Y_*1_*1_*1_false_1_R_*1_*51_*1_*51_true_*1_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2%2Efps_PBCK_*1_*1_*1_*1_*1_*1_Ocean+Eclipse_*2_*1_Y_*1_*1_*1_false_1_R_*1_*51_*1_*51_true_*1_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2&pvs=ps&trk=pp_profile_photo_link
Whitedog, you are not alone.
Maxwell
Bruce,
Thank you very much for your efforts. I know it doesn't seem like it sometimes, but many of us are quite appreciative. We all bought the story and promise and while the story is not over, the promise has not been kept alive. Transparency. Was among the many promises.
I for one am tired of all the secrecy that surrounds a request from Nasdaq, or the SEC or FINRA. With the exception of usually blaming the other party for the delays, everyone seems to clam up like it is some great secret and a material item. I have found that many times when finally divulged, it was neither. There is very little reason NOT to keep shareholders apprised of what the SEC has requested, what we have provided and to whom, and where it is in the process.
If the SEC says on such and such a date, we want 1-2-3 and 4, and the company says they have supplied 1-2-4 and 5 on such and such a date, why would this information be secret? Does the SEC have a habit of requesting industrial secrets and shutting down companies while they wait? I think not.
Specifics.
Why are we shut down and what are they waiting fro and how long will the wait be. If we knew that the company was being forthright and what was actually being done, we as shareholders should be able to shout out to the SEC and others, for a date. Considering the financial hardship that SEC involvement always takes on all of us. The SEC should not have such power that they can hang you out to dry without any timeline.
Once upon a time we had a chance, but with each passing day it dwindles tremendously. I think there is no doubt that we will not see any funding from anyone with this hanging over our heads. I mean who in their right mind would invest in a company that has been halted, de-listed, not been paying employees, etc. They will wait and pick up the pieces on the cheap.
So yes, I am disappointed, but no, I have not given up. Please let me know if I can be of assistance in some way. Meanwhile, I must work overtime to make up for the losses incurred by SEC involvement on this and another stick.
Maxwell
One thing that is really sad is this company had and has great properties.If it wasnt for that AH that lied and left causing our delisting.That sealed it.We were not able to attract money any more.The exspence of dealing with SEC from hell.One small mistake and were done.If big oil does it its a fine.Thats a not fair.Our plans for horizontal drilling (16)from one well head.Thats what I bought.With good fiancial support that we deserved and Patricks plans to build an oil company thats what I bought.The story is sad.One evil deed.We were all supposed to be RICH! Thats what I bought
Bruce, tks for the update......
UPDATE: I am still waiting until 5/1 to receive additional info from UTOG. I would like to release info to the stockholders, but UTOG has not given me permission. I do not want to jepordize our legal position, so I will not give specifics. As you know I have been pressing for more transparency. Patrick has extended an offer to me to become a Board member. I would possibly be interested under certain conditions. I have not had time the last week or two to delve into this possibility. Why be a Board member if nothing changes.
MY OPINION is that UTOG believes that additional capital will not be an option until the SEC issue has been resolved in favor of UTOG.
Add me as a concerned investor.
I was just reading about the action in the bakken around the same area we were/are in.They state with the new drilling Frack/horizontal practice,they hit oil 99% of the time.What is our problem GDI.Also you mean there are no companies who want to partner or do we have coodies or something?
Starshp099, the UTOG message board has always been right here. EOM
The message board has disappeared and I had to find it separately on the Internet. The last couple days Advfn has been show the stock to trade at .01 for a couple days. But here it shows a gain of .002
with the correct trading at .007. No news on the stock at Advfn nor on UTOG.s website. It
looks like they failed at their attempts to get things on the road to success.
Bruce, I am with you also. I am in for over 100K and think the company is getting a bad rap from the govn......let me know how I can help.
My broker shut me out from buying 1000 shares at $1.76 ; man was I lucky.These guys have spent every last dime and then some. They have nothing of value left.The sky was the limit when everyone thought they had something,but because they were liars and scammers no one now will ever help them out. They owe money to everyone; they never gave honest answers.The company is worth little more than the shell value,maybe they will come back as a bio-tech company or nuclear power plant.I'm sorry but this company has already made all the money it can and those people are still out on the streets laughing at people like you and me.They ripped off every last dime!GLTYA
Bruce 4653 My name is Mark.I have been hear forever and I appreciate how everyone feels.I have talked to Patrick many times.THe last time about 2 months ago.He said he was concerned that contact with stock holders might cause concern.Remember,it was a stock holder looser who complained to the SEC.I believe UTOG crossed a line with a premature release of property ownership or proven estimate before they were fact.This mistake and delisting and someone who lost money,took us all down.They had great properties and there is a huge amount of oil in the ground.Their plans were on target then we were punished.In a last ditch effort a buy out or farm in arrangement.This cant be that hard when we are in the middle of the the riches oil land around.How the hell does that all happen.I do still think we a chance.Why has Patrick stay unless there is still a chane?Im in for $38,000 I did my research.UTOG had it all going on as you all know,thats why we are here.And yes,I am with you.This is law suit #3.
Bruce
Count me in also. I hope we can together make progress.
Bruce,
Thank you. I am in as well, I emailed Mr. Smyth Wednesday and got a response that morning.
I will use this forum for that purpose now and wait for advisory and action guidance from you.
My answer to what you can do:
1. we need each of you to get others to to join this message board who want to facilitate some or all of the demands I have proposed to UTOG in my 4/1 post.
2. we need stockholders who are prepared to stay the course and support any actions the followers of this board support.
3. based on the reply I received from UTOG there MAY BE a basis for hope.They seem to be responsive and I do not want to jeopardize that, so see #4 and #5 below.
4. I think it best that we work thru only one representative of the stockholders at the present time, so please send concerns and questions thru me.
5. I am working to gain transparency and at this time am not in a comfortable position to share what I have been told. There is another deadline of 5/1 imposed for as yet a couple unanswered demands.
6. I will share with you, that it is not as bad as most of you feel it is....but not as good as I would have hoped.
Bruce, if there is a chance in hell with this stock ---count me in.....
freddy2, UTOG is a Caveat Emptor Grey Market stock that has not released a financial statement in almost 2 years;
http://www.otcmarkets.com/stock/UTOG/filings
The only way UTOG has a chance is by new people getting tricked into buying this stock just like all those who were tricked before them.
Good luck.
That's all we need. It will start to snowball. Also I know a couple other investors that aren't on this board.
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