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I'm out. Held these shares since 2007. Blood moon coming. I know sounds crazy.
I can see this happening. I was in ungs when it was selling for .001 and no bids. Then the company did a 300:1 r/s . I got screwed pretty good on that POS. They are a oil and gas company Now they are getting into the MJ market.
I'm out Monday ,have a good feeling this is going much lower. Volume is slowing down. Going to make up my losses on cpst. Good luck.
Thanks for the constant post on the technicals . Capstone looks bright in the future. All I need to do now is stop trading crappy pink sheet stocks.
Got in at the open. Only got 200 shares
ST. PETERSBURG, Fla. August 9, 2013 -- US Natural Gas Corp (otc pink:UNGS), an energy exploration company with operations in the Appalachian Basin announced today that its Board of Directors has approved the implementation of a 1-for-300 reverse stock split of its common stock, following approval by a majority vote of shareholders holding the Company's capital stock . The reverse stock split will be legally effective on August 12, 2013 (the "Effective Date"). The split-adjusted shares of the Company's common stock will begin trading on August 12, 2013 under the symbol "UNGSD" for 20 days. A new CUSIP number has been assigned to the Company's common stock as a result of the reverse stock split.
As a result of the reverse stock split, immediately upon the Effective Date each three hundred shares of the Company's outstanding common stock will automatically be combined into one share, without any change to the par value per share. The Company currently has 8,503,396,768 common shares outstanding. Upon completion of the reverse stock split, the Company will have 28,344,656 common shares outstanding with 2 Billion common shares authorized. No fractional shares will be issued in connection with the split and stockholders who would be entitled to fractional shares will receive a whole share of common stock in lieu of receiving fractional shares.
Olde Monmouth Stock Transfer, the Company's transfer agent, will update the Company's records to reflect the change. Olde Monmouth Stock Transfer will provide instructions to stockholders relating to the issuance of book-entry evidence of ownership giving effect to the reverse split and name change and to the issuance of new stock certificates
About US Natural Gas Corp
US Natural Gas Corp is an independent energy company principally engaged in the acquisition, exploration and development of mature long-lived oil and natural gas properties. The company's current operations are concentrated in the Appalachian Basin within the states of Kentucky and West Virginia with core assets consisting of 17,000 acres of mineral rights leases and interest in approximately 150 oil and gas wells. More information on US Natural Gas Corp can be found on the Company's website at www.usnatgascorp.com .
The company is junk.
Hopefully this company won't end up like cann cdft phot. Glta
Company is junk.that is all
Yawn..this company had so much potential
Heading back to .0004. MJ sector is toast
Got some at 2.04
Ungs did r/s last year. There was no bid price and a high o/s . I had 5 millions shares a year ago and then after the split it was around 85000 shares.
I was replying to this "Naming new distributer soon and think about the land they lease. How much weed can you grow on 17000 acres."
From serpico2005
If it goes below 2 I'll dive back in.
Volume weak. Heading back down to .0004. Load the truck up when that happens
0 it's still illegal to grow MJ in WV and in Virginia
Who wasted a commish fee for one share ?
I got burned and along with other people on this stock after the R/S. I got out when it was making that run for a loss of course. buyer beware. Gl
Looks like this going to be in the low 3s then 2s.might even get below the 1s in the near future
Stick a fork in this POS the increased in AS is a killer.
I'm in at 76. Hope this thing takes off soon
Reac doesn't have a reach around program , just bite on a towel and take it like a boss. This company sux. This means a R/S is coming in the future.
Yep it's going to be huge r/s. I had ungs when it did it's r/s. It took 5 months to get my converted shares to my account.
MJ is where it's at
How about that 10k. This company is POS
Got my 8s.
Trying to hit the ask. Etrade sux. Been 10 minutes no fill yet
Consolidation maybe. Who knows. I thought got lucky yesterday getting in at .0011. I should of waited.
Just got 575809 @ .0011
Have a buy order for .0011 let's see if she bites
I'm out good luck all
Looking to get in at .0006
I'm thinking AMC or Saturn
90,000,000 share dump
80000000 shares dumped @ .0002
Looks like 2.50 is the resistance
Can u say dilution