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Yes indeed;one trade at a quarter after one for 3,000 shares at .07 cents!
I know that,we don't need a ficticous example when they "know" the shares out,the market cap of the acquiring company,the percent Utog gets.Right!Facts,Also they "known" how much oil comes from the New Miami well and they keep promising those numbers.Why do you give us hypothetical mumbo jumbo,when you could just tell us the truth?Cause the truth hurts!How hard is it to give a clear,concise,factual Press Release and leave out the kind of hyperbole that got you suspended from trading over a year ago.It seems like bussiness as usual.
Does Patty Smith think we are stupid!?This finacial genuis says "if" the market value of said company is 300 mil Euro.Why "if"?It is a publicly traded company and it's market cap is a known fact!Also said that at 48%, UTOG has a value of 62 mil dollars or 85 cents a share,Dah!I show 225.5 mil shares out diveded by 62 mil dollars = 27 cents a share!Also people the interest in New miami is "working" interest.Not the 10% net some think.This company keeps saying we'll get flow results,some time last year.I believe they can't release the results because they are just to low,almost nil,or they would tell us.They are totally afraid of the truth!Stop the BS!Patty!How bout I use the same logic and say the market cap of new company is 2.5 million[price put up] divided by 48% = chit dived by 225.5 mil shares = nothimg dived by commission to sell eguals,I owe you how much?LOL Just put any fiquire in anywhere like Patty and come to any conclusion you want they did!
NX isn't listed but plans to be listed when they are taken over by another listed company,if and when that happens in some country in Europe,hopefully soon
but nothing is for sure.Is this news or fantasy?Whats it mean?Now they know they need to do the required fillings from last year and plan to do them again for the third time.Are they for real?Not one fact, no money exchanged, no share structure ,no financial results, no flow results and what European exchange?They blow me away,this is the news we been waiting months for?
Hey now they only own 10% of their best property New Miami.So I quess production results don't mean anything!And they said they will now do the book work require to be listed,dah,are they stupid?But they will own 48% of a BS company in Europe,didn't see an exchange.Great news,shares rose thu out the day hitting 4 pennies,on huge volume and great investor interest.LOL This POS is totaly a joke.
It may not be the end of the world yet,but you can see it from here.The 2 cent trade must of happened Mon or Tue. because now Scottrade shows 2 cents as the new 52 week low.Must not be able to list on Frankfurt,Remember in Feb. the statement by end of the week!I think it is May now.Sure do have a management team of incompetents.
Well it finally hit the 2 cent mark as a low.Last year it was at $1.96,so if 3 cents is back I failed math.Also not one milestone they touted about was acheived and they spent all the money.
They usually have flow rates in about 10 days,which means if they want shareholders to know the flow rate,the news should be released next week!If it is not,then they are having trouble.Also,news saying they are going to run power to the property would show it is economical and get these wells off of portable generators.Be nice to know the well head price,viscocity,ect,things that are facts not hype.Gltya
The well will not flow on its own,or at very low rates,another well is drilled nearby were a fluid or gas is forced into the geological formation helping release the desired gas,oil.Water,co2 ect are injectables that can increase flow,it increases the cost and complexity of the field.Separation of oil and water at this field is a big problem.Flow must increase enough to justify the increased costs.Steam is used in some heavy crude fields,the heavy crude sells at a discount cause it is more costly to refine,and some refineries won't except it.
Do you think this stock would be selling at 4 cents if there was more value in it?The leaks about the reverse split,listing in Frankfurt would have leaked out to family and friends because they don't have to follow any real rules!They won't file 4th quarter,year end reports because they abandonned a relisting ,they choose Frankfurt because of the lack of required disclosure.How can a listing where you don't need anything except hype and pay your fees be delayed?Remember a quarter billion shares plus alresdy out!!!I predicted 2 cents and it has been hard to get the last 2 cent drop.But it is comming soon!The company spent,blew every dollar.The cost to run the generator propably burns more fuel than the well can produce at New Miami.But I'll wait another week for the official results promised,of course 6 months ago they said the same crap.Boy am I glad Scottrade rejected my order at $1.66.
Hope you are right but I have not found much truth in any of their statements.It won't even be trading when they change their name,symbol and exchange.At 4 cents and a dilution comming.Can't issue another large block without you sacrificing,as much as 25 to 1.GLTY
Boy,that guy could pick up a turd from the clean end!LOL,Thought they shipped oil,not water to market,"the oily part of the hole".Why should we believe this statement compared to the last one,or the one before that,or the one before that?Remember we will be relisted soon!Oil production will add to our bottom line this quarter.Within a week we'll be,ect.Also what are they giving up for any funds they recieve?Will there be anything left?They can't give them worthless stock.So I assume they are giving up large pieces of the properties.Nice smoke,great spin,but total BS
Been a month ago today that they said UTOG would be listed within the week.HA,HA,HA.Maybe,Frankfurt don't want the crooks?
These guys have a license to lie,what did they give up to get the money?Did they get the money,because I'm sure they're stipulations,and they could now be minority holder.Have they ever stated facts?No and they won't!
Can't they ever tell the truth?I doubt anyone wants them on their exchange!At least the pumpers and management gets rich.
On Feb.27th UTOG issued a statement saying "within the next week"LOL,why don't they just stop making false statements.If you have never meet a deadline just shut up!Or maybe be damn sure you'll be right once!
Most of the property is farm in.They have finacial obligations to meet or they lose them.Time limits or they lose them,ect.Remember they just got an extension on one but time is running out.New Miami has been month after month of BS.Last year in Sept they said flow results in 10 days.They won't disclose truth because it is all bad.Blew all the money,wouldn't it be nice to see where it went and into who's pockets?Well don't count on them to disclose anything relevent,thats why Germany is perfect for them,no prospectus,no quarterly report,ect
So far today 145,000 of the 190.000 shares sold below 4 pennies.Who would buy?These shares won't be worth a penny when they get listed in Germany.High commissions to sell will make these shares totally worthless,ie.will cost you more to sell a small lot than you can get.JMHO.Get what you can while you can.It has been almost 2 months since they decided to list in Europe,so time is running short.
The people who got out today at 3 pennies did well.They now know the share structure thru leaks and the big RS comming showed them it will be worth far less!Your new low of 2 cents is too conservative,I'm saying sub penny.JMO
What do you think is left of New Miami,a private investor didn't "give" them 300,000 dollars,it is what he "got" they forgot to tell us!Typical of a non disclosing company.Also where is they money comming from to list in Frankfurt?Hopefully not more shares issued.And how many shares are going to go to the promotional fund raiser?Usually they get quite a few.Again no answers just hype,of money raised and more to be raised,but at what cost?Already almost a quarter billion shares out.Enormous RS must be in the works,gigantic dilution very possible,huge losses may be comming shortly.
I quess I should of said CDNX in Vancouver;trading at the same location but changed it's name not it's spots..Also I did say it was and is easier for me to trade Canadian Stocks.Glad I didn't have to explain this to my broker when I placed an order over the phone recently.He knew were to look.It is sort of like trying to say Los Angelas Raiders instead of Oakland years ago,most people understood.
That's BS they know why!UTOG just won't act.We have due process.A record new low today of 4 pennies.Why not the Vancouver exchange?I'm quessing they don't want to file a quarterly report,prospectus ect!Also most bokers will trade in Canada.Keep the investors unaware of what is actually happening.They have no proven reserves,even though drilling 4 or 5 wells should of proved up at least a quart or 2.RIGHT,LoL,they don't have good news just hype.Also you have to follow the rules to play in North America and they won't! Thats why again no required reports.Book value according to them is 27 million,that's most likely very highly inflated.The 4 cents today is propably a last chance to get rel money before the RS.JMO
Well they say the company is worth 27 million,they already have about a quarter billion shares out,they want to sell more in Europe!They must have a share price of .10 euro to start trading on Frankfurt.If I understand correctly.So that makes current shares at 10 cents taking up the entire book value of the company.If you can get book value.So every share they issue will dilute value accordingly.Remember it has to trade at about 13.6 cents US in Frankfurt.How do you get there?I'll bet it will be at least a 10 for 1 RS,most likely 25 to 1.
The frankfurt exchange requires no prospectus,no quarterly reports.But you must have 500000 Euros in assests pay a yearly fee to trade and have a share value of .10 euros.To buy a shell and start trading cost about 250,000 euros.
What revenue?What are the proven reserves?I believe they spend and burn 50 times what the get in revenue.What's paying salries,ect?Show me the money!Frankurt Exchange when is the last time anyone on this forum bought shares in Frankfurt?
I believe he is referring to the Teton River project;it is heavy crude,and they can't get it out!They abanndoned their strategic plan for extraction after numerous well failures to reevaluate.It is a tough sell when you do get it out cause no one wants it and it brings a significantly lower price.Well head price even lower.New all time interday low of 5.2 pennies.
They named London,the Dax as examples;get real they can't listed with them.It was smoke,and mirrors why didn't they say NYSE,no one would take them,they can't even get listed on the pink sheets!They said for 8 months that they would be relisted on the pink sheets soon;how on earth or anywhere on earth would anyone take them when they can't even meet the most relaxed exchange standards!
I think it was in Sept that they said it would be pumping and adding to the bottom line that quarter.Well 4 months later no flow results which they said they would have in 10 days,5 monbths ago.So if the article doesn't state flow,barrels sold,well head price,you can take pictures and exageraye all you wwant.Show me the money!Also examples of Euro exchanges what a joke,name the one you are going to list on and finally what euro exchange has more venture capitalist than North America?None.All BS,sure hope facts will some day take priority.
Sure sounds that way.New company in some European country and pro rated shares in exchange,ie reverse split.Of course this company never gives facts,so you always have to read between the lines!You need financial statements to list and they don't want to give any!New Miami seems to be a bust,heavy crude won't flow,and a postponement granted because they have no money to drill.Wonder how much cash walked away with management?
It is nice to hear from people that have the correct view point.Not some pie in the sky view.I also agree that most holders won't sell because -90% is close enough to zero as a 100% loss.Today with news out yesterday it should of caused a bump in share price but it hit a new 52 week low of 11 pennies.I believe this shows that the investors are smart enough to read between the lines and see that no real info released again,and that there is no money,no oil production and no new investors.Management is thinking of ways to save their jobs.The wells that need to be drilled to hold onto leases by Sept aren't the cheap 3,000 foot wells of the past but multi-million dollar deep wells.Also the oil production is deeper than the gas and no one wants gas.Best of luck,but a giant reverse split is comming.JMO
What management?They had to get extensions cause they have no money!They said their commitments are up to date till May31,2011,does that mean they are already behind the 8 ball or don't they proof read.Won't give any financial info till they decide what exchange to list on.Nice move,none of the loyal shareholders need that mumble jumble BS anyway,cause they are happy?Also the big caveat is the statement that these worthless shares will be "pro rated" into the new foreign company.What!You are getting a reverse split,and I believe a big one.Maybe 100 to 1.Nice info,is management real,a banrupt car company,one day a foregn stock exchange the next,a giant reverse split on utog because they can't trade in US because of many secutities violations,they have no value.Where's the beef?Flow rates,well head prices,what now after abandoning the heavy oil extration plan.Is there even a dime left?Nice letter to reward the loyal, believing,content shareholders who have faith.There is a quarter billion shares outstanding on this company,that can't trade and has no money,what kind a deal do you think this management team will get you?JMO,Keep the faith!
According to a press release; where a car company is thinking of becomming a oil company the New Miami project is near production!Utog has property close to Bakken.Told you they can't get New Miami to flow!Also they are trying to get people to believe they have Bakken oil property.Maybe a car company can succeed where a oil company couldn't.LOL Also makes you aware that they have spent all the money when it was at $2.66.They sure know how to spin the BS.New miami pumping oil!Show us the results,whats the flow?How much money is this well generating?Just my opinion.Bet the well cost more than it has produced.Hard to make money on a high maintaince well that won't flow and what is the well head price?None of these questions will be answered because you can't spin facts.Neau alao looks shakey,hasn't traded for days then goes from 20 pennies to 1.01 on a 179 dollar order.Talk about painting a stock,lost 24 cents a share when it was trading at 20cents.Great partner.
Of course they have oil.They just can't get the heavy crude out of the ground,worthless property,until new tech comes along which makes it profitable.Can't get New Miami to flow,it's a bust.Total disappointment,was suppose to bring in money,but it continues to cost more and more.Maybe some day they will be worth something but now we know why everyone passed on the heavy crude for 28 years,still not profitable.I believe the year end report will show no profit from New Miami and a total burn of money,so no projects can more forward and lease obligations will be lost diluted,ect.Just my opinion.
I haven't looked in to all the leases,but the ones that I did none are in Union Towns name they are farming into these leases.In other words if they don't pay and on a timely manner they loose all interest in that lease.As of 5/17/11 Union Town had to spend 1 million to get a share in Teton lease.Also I haven't ever seen where they finalized another agreement,it was just a letter of intent.So you can't sell land you don't own.
They raised 3 million at $2.50 cents a share.They can't get the heavy crude to flow,their plan was a failure.Drilling 5 wells,steam injection they now have went back to the drawing board.They have commitments of over a million for lease acquisations ect.I don't believe the balance sheet will show any funds left.New Miami is a tough one also,no gusher,lots of costs.Having trouble even getting flow results that were promised many months ago.What BS can they spin to get Europe to buy in?They are mostly piggybacking on other lease holders,everything is up in the air if they don't get millions.They have a quarter billion shares out here,what do you think will happen to your shares?Where in europe can they dump millions of shares to raise money when they haven't proved,relaeased or even shared info with current share holders.Quess we know who will be left holding the bag.Then the lawsuits will come.Maybe a 100 to 1 reverse split will help.
Google the Fairfield Sun Times of 01/03/12 and read about the New Miami well,also.
I quess all those comments from investors here and all those emails I read sent from posters here[this board]and those 1000 plus pages can't get UTOG relisted because before when the stock was rising daily and everyone making tons of money,so much so that people decided to stop it,kill the golden goose,by emails to the SEC!WHAT?Were they jealous because it went from 5 pennies to $2 dollars and 66 cents?A totally unique conspiricy theory,Elvis!LOL Sure hope it don't skyrocket again,then we're doomed!
What do you think of the all the positive posts from $2.66 to 12 cents?There should be some ramifications,right?You sometimes have to believe that a negative view can be the right point of view!Or just buy some more Global Crossing or Enron ect.Do some research!Call someone.You have an opinion that's fine,but I like facts!There are 17 Euro contries,which market?They don't give facts,just BS PR'S,WHY DO YOU THINK THEY ARE DELISTED?A GOV'T conspiricy?Get real.Sold oil,nofacts,new listing nofacts
Well I'm impressed how anything poitive can be read into this!Our markets may not be perfect but they are still the best in the world.No other country can or will do anything but copy US.Yes you can't fill out a one page app and be listed tommarrow,but Who wants to buy that company?Maybe if you were on the up and up you would still be trading,there is no conspirecy theory here!JFK and Elvis are dead!Utog got caught,nothing more;nothing less.A pump,spin and dump company.Reverse split possible,can't dump another quarter billion shares on any market till you make money!Everybody has heard of the Bakken ect.and they are just trying to play on unknowledgeable people that think they have a piece of that pie.They don't!They have one stripper well that can't produce at this time!
Then don't tell us we'll have results in 10 days!Also they don't have to tell us anything then,except spin BS.Why didn't they list in Canada?Too much scrutiny!What exchane in Europe,Latvia?They say to raise awareness and money;they have a quarter billion shares out now!Get ready for a reverse split,so they can issue more shares,cause they have no money.Nice spin on hey we can't list in North America,maybe we can hide in Maldavia.