They have been diluting for months and months. If they were to update their info you are probably looking at a billion shares or more outstanding now.

you should go to Vegas!

all documented stats. But hey...whatever man!!!!!!!!!!!

thanks for your factual reply???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

That is not the point that I'm trying to make. These folks are a dilution machine. they sell stock not products.

hope your right, just telling you the facts, as you requested.

Historically UNGS has been nothing more than an entity that simply sells shares of stock. They dilute as they are doing right know. After a 300 to 1 R/S in August/September they reduced shares to 26 million. (Originally 3 billion shares OS if memory serves.) By November they were up to 284 mil OS. I can go back 3 more years if you like because the Andersons lacked performance then, all while giving themselves a salary of 250k. During the past year it has been impossible to sell Ungs stock, but they will let you buy all you want.

Since November they have continued to sell on a daily basis, but they have not updated their OS figure. It will be interesting to see the fourth quarter figures.

As of January the selling has continued and I am going to be surprised if they won't be up to a billion by now. Unfortunately we may not see those figures for quite sometime.

Keep in mind this is a oil company that has not produced. It is my understanding they were in the midst of a 400k lawsuit from one of the not to satisfied lease's.

Perhaps they came up with this new pot subsidiary to pay for the lawsuit.

The last sentence is a guess. All the rest is fact from what I understand. I hope I am wrong, but these are not at all performance driven individuals with any morality whatsoever.

Pennies is about hype, pumpers and fools and rarely about building a company. What a way to make a $$$$.

1 billion shares outstanding? They have been busy diluting over the last 6 months!

What a ball and chain this is!

Oil Business? Throwing in the towel? Geeeze..........

1 billion shares outstanding yet? Must be close. Dilute your problems away!!!!!!!!!!1

not a word about our investment in over 5 months. Geeez No morals what so ever!

yea, .0008 isn't low enough, I'd wait till .0001............again. I'm sure its coming.

Lawsuit!!? I believe they are raising funds now to cover their latest lawsuit. What fools we are!

Lawsuit!!? I believe they are raising funds now to cover their latest lawsuit. What fools we are!

pathetic. Shut it down!

mortgage payment covered. 7 million share. 7k should get the Anderson's mortgage payments covered for the month.

They sell shares of stock rather than natural gas/oil. Been invested on and off for 3 years with ungs. Nothing has changed. Andersons need to go and shut this down so it no longer hurts investors.

UNGS A HUGE DISAPPOINTMENT!!!!b]

R/S times 2

Got to ask yourself.....why would anyone invest in this or the Andersons?

Who would purchase a million shares and why?

When one invest, they invest for earnings per share! Continuing dilution is NOT good. It means we are ineffective with the current investment. I suggest you review history of this company before investing more.

we need a buyout! that is if their is any worth. Andersons need to go!!!!!!!!!!!!!!!!!!11111

Your sell order will not be executed, would be my guess. Miller time sounds like a good idea.

Look for lots of volume soon! Why??? A year or so ago the Andersons gave themselves a few billion shares in lieu of salary. As part of the agreement they could not sell those shares for one year. I believe the year is about up. At current prices they should make about a 1000 percent on those shares, which undoubtedly, unsuspecting folks will purchase. So look for some pumping soon. They cannot sell oil so sell shares instead.

I understand your grief. The best thing we can do is inform others not to invest. The Anderson's have had plenty of time to succeed and unfortunately they are not at all good at what they are trying to do, but they keep trying because they do make 250K a year from our investments. It is time to pull the plug and stop this so other, less informed investors will not put money into a management company that simply cannot produce. It is that simple, sorry to say.

8 cent trade! (100 shares) bring value down 11 percent. To funny. Give it up Andersons! stop dragging more people in!

In Review of the past three years of this stocks activity it has never up ticked of any significants. It is a dilution machine unfortunately.

funny! at least we can see some of the humor in this. They are a joke!

Cool a trade of $1.33 cents brought the stock price down 33%. (.0012 to .0008 1,666 shares) Must have setup a deal with someone to buy a bunch at .0008.

Excellent DD! Thanks for sharing! This should be posted up top! Sad people have to be this way.

BINGO!!!!!!!!!!

I understand. Had 17 million shares prior to R/S.

.0007 going down faster than I thought. Funny, 3 months ago before the R/S of 300 to 1 it was at .0001. Getting back real quick. Buy quick, Andersons need their salaries and Christmas bonuses!

Too funny! Hey Blackhawks, good to hear from you.

You bring up a good point., but I seriously doubt that they are the biggest investors. They compensated themselves a billions of shares in lieu of salary last January,... if I recall.

I believe they could sell those shares after one year, (less what the R/S reduced them to.) if memory serves, so expect a big volume of shares to be sold after the first of the year as well.

The money is certainly nice, but most of us would want to run a successful company and not merely for financial gain. Anderson's have no pride, unless of course you are engaged in legalized theft.

Your right john834! I think after a few years of failure potential investor should be aware of ungs. Voicing ones opinion based on facts might stop the continued flow of monies and shut it down. Buyer beware. In regards to the bigger picture free markets are great which includes failure such as ungs.

I do not understand your question. Could you re-phrase it in different terms? Thanks![img][/img]

Incorrect john834!!! its about not allowing this to continue based on history, facts and experience! We have info that tells folks it is not wise to invest in ungs and end up losing an investment of hard earned dollars. We do desire for folks to move on, an ignore this equity. Do you need a high paid consultant to tell you the same thing? Just trying to be honest and help.