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Tell Everyone To Keep This A Secret.
You KNOW they won't. They are, right now, telling everybody and their brothers.
"Who supplies USOG?" Bingo!
Mr. Supplier, how would you like our team, USOG, to promote your business beyond your wildest dreams. We have the public's attention. Come on board, your acquired.
Better Yet, Spend $250,000.00 On Promotions, Bragging The Remaining $3.55M Loan Notes Are Solved; Brace For Major Cash Flow/Net Profits. Stock soars to $.05/s giving $40,000,000.00 cash on hand. Buy an efficient oil producing firm in the Spearfish oil formation. Pump 1000 barrels a day @ $85.00+ barrel. Then watch this explode.
Here's A Link To The Sec Form 8- K Filing Requirements:
http://www.sec.gov/about/forms/form8-k.pdf
Section B. Events To Be Reported And Time For Filing Of Reports.
Paragraph 1. States the event to be reported shall be four (4) business days following the event. In the event of a weekend or holiday, then the next available business day.
In our case the event took place Saturday Oct. 9, 2010. Hence the filing must take place by the conclusion of Thurs. Oct. 14, 2010.
No News Is Not Necessarily Good News.
The last Form 8 was for note mod., which was 3 months ago. So USOG doesn't have to file form 8 tommorrow. It's a statutory time, of which I don't know.
The Next Major News: $1.35M Partial Note Repayment
This was due on Oct. 9, 2010 yesterday.
The lack of news, vis a vis SEC form 8 (material event), did not have to be filed would be great news.
See: section 1 of amendment to note
http://www.sec.gov/Archives/edgar/data/1439154/000121465910001260/ex10_5.htm
USOG wouldn't be able to File the Form 8 till Monday, but it certainly could have been drafted and signed this weekend. No news of that had occurred. I did check SEC filings this morn. and no filings yet W/R to defaulting.
The Looping Occurs Due To The Emails Being Forwarded To Alex Tawse.
To ACK0605,
I just got off the phone with James Crimi @USOG. It was a follow up call to see if he received my email regarding my support for your email with it's recommendations (he did receive my email; I was concerned since I received both a failure notice, due to looping, and an auto reply). He was interested due to it's professionalism, policing by moderators, and great free advertising.
He thought ACK0605 was simply an investor. He didn't realize he wrote on InvestorsHub.com. He wanted to see your work ACK0605. Send him your writings on USOG. I promised him today's writings, of yours, I will send to him.
Otherwise the $50,000 conversion was to pay interest on the note extension.
Send James Crimi your best stuff from InvestorsHub.com.
Hypothetical.
USOG acquires 1 $25M profitable oil company per year. In three years they will have $100M/year revenue or 4x the present revenue.
4 x $.20 = $.80/share EOY 2013.
At current, I see NO letters of intent. For sure USOG owns no oil/gas wells. Their Ownership of the six acres in Bottineau, ND doesn't guarantee the mineral rights. It has to be applied for.
I 've Seen A $.02/s Go To $2.04 In Less Than 1 Year (PDGO) And CTIC Go From $.05 To $2.23-$2.26 In Three Months Flat.
Exactly.
$1.00/Share Represents $1.4B Market Capitilization. A Roughly $25M Revenue/Year Company Is Way Out Of Bounds.
Not at all likely thru 2011.
To Me, A Material Event Has Occurred. Why Else The
8K statement. It explicitly states:
"Mr. Turnbull elected to convert portions of the Turnbull Note into an aggregate of 500,000,000 Conversion Shares from time to time from July 9, 2010 to August 31, 2010."
Nothing in the 8K mentions the partial note repayment of 1Mil + due Oct. 9, 2010.
According To INO.com's Smart Scan Chart Analysis
USOG is in a weak uptrend.
UNITED STATES OIL AN (NASDAQ:USOG)
Very Weak Uptrend
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
Based on a pre-defined weighted trend formula for chart analysis, USOG scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
+15 New 3 Day High on Monday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending October 9th
-30 New 3 Month Low in August
+60 Total Score
Now We Have The Bid[-tick] And Ask Below The Last Print.
Manage USOG $0.0021[-] $0.0022 $0.0023 0 0% $0.0023 $0.0025 29,444,774 Trade
No Form 8-K Yet. So far so good. Last filing is form 10-12G/A on Monday.
The Bid [+tick] And The Ask Are Above The Last Stamped Price.
USOG $0.0023[+] $0.0024 $0.0022 -0.0001 -4.35% $0.0023 $0.0025 20,595,874
The Bids Came Up, Price Goes Down.
You figure.
2 at the bid now, 1 at the ask. Next move up.
Per Scottrade, Real Time, Detailed Quote:
0.0024/5000
Bid/Size (PQ)
0.0025/5000
Ask/Size (PQ)
0.0025
Price Open
0.0023
Previous Close
0.0025
Day High
0.0024
Day Low
Open Was .0025 not .0023.
Yes. Today Was A .0002 Gap Up.
End of day and end of week will be up.
StockTA.com Gives Today's Candlestick
as a Bullish Harami.
Investopedia defines this as:
Because the bullish harami indicates that the falling trend (bearish trend) may be reversing, it signals that it's a good time to enter into a long position. The smaller the second (white) candlestick, the more likely the reversal.
I see today's candlestick as a Hammer which signals a base is trying to be "Hammered" out or combo bullish engulfing meaning buying pressure is present.
We just had a 100% rise in price so consolidation has taken place. IMO buying pressure is there for a run up Thru Friday 10/08/10.
Any forward looking statement is crystal balling. But investors love to hear a target price increase. So it's for informational purposes only.
Yes, You Should Have Entered All Or None.
You'll get chewed up on commissions otherwise. Many times I had at the ask or above and no sale.
If The Ask Is Listed @.0023 & (5000),
they must give you 5000 shares at $.0023 and no more. You probably did not have the AON checked off (that's for sure).
I Also Sent An Email To IR At USOG.
Here's my email,
Dear James Crimi,
I concur, with ACK0605's, recommendation that USOG uses IHUB.com as a premier investors forum site. What ACK0605 didn't mention is that IHUB does very, top notch, policing of their boards. Moderators, as well as IHUB system administrator, scrutinize the board continiously.
I also recommend ACK0605 as a consultant/ advisor at least with respect to USOG's stock promotion.
Yours truly,
<The_Pro>
<phone # deleted>
No USOG Gap.
0.0021/5000
Bid/Size (PQ)
0.0022/5000
Ask/Size (PQ)
0.0020
Price Open
0.0020
Previous Close
0.0020
Day High
0.0020
Day Low
I Predict USOG Gaps Today Also. As Soon As I Get It, I'll Post What It Is.
I'm wondering why message 6053 was deleted? There were only legitimate concerns. In response to that message I can only say Ever Wonder Why They Want You To Smack The Ask? Maybe they are day trading off your hitting the ASK. I have swings of $500 to $1000 daily.
DO NOT USE STOP ORDERS OR STOP LIMITS
It will just sink USOG's momentum. Only rank and file amateurs would use stop and stop limit orders.
The Implied Float Is Then:
705,752,212 - 400,000,000 = 305,752,212 shares.
If Jeff Turnbull doesn't sell any shares, the float has become very thin.
Price Predictions:
Company S/B at least a $15M market capitalization based on revenue of equal like, kind and quality businesses. That figures:
$15,000,000/1,429,378,400O/S = $.0105pps
Companies uplisting to OTCBB have a 10x price pump.
That's:
$.0024 • 10 = $.024pps
The short term range S/B $.0105 to $.024 per share.
Market Cap Between $15M and $34M sounds reasonable.
Also, I remember searching the SEC for Form 3 or 4 or any indication Jeff Turnbull sold any shares. I saw none. So his $400,000,000 shares don't seem to be restricted.
He Won't Sell Short Term (Short Term Capital Gains). Plus He Knows It Will Hit .15 to .20.
He converted I believe in July (I'd have to check the SEC Reg) so he is definitely short term tax wise.
I'm Afraid There Will Be A Gap Tommorrow Morn.
This is based on the flurry of excitement on this board and elsewhere. Under $.003 is still very good.
Friday, I Personally Brought 2 Investors In.
A husband and wife team (at work) both bought 100,000shares apiece. She was DEAD against a penny stock. Her attitude was adjusted the same day. In at .0019, out at .0024.
Well, We Had The Shorter Stage, The Market Maker Manipulation Stage
(to buy/accumulate on the cheap), The Dilution Stage and now the Flipper stage. Just a mere nuisance all of these.
I can wait for the Cash Cow stage.
Anyway, green easily on Monday/Tuesday. One of those two days should be a gapper.
Here's A First Time I Have Seen Anything Positive
from INO.com ' s analysis of USOG (it was always strong downtrend or downtrend)
UNITED STATES OIL AN (NASDAQ:USOG)
Uptrend
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, USOG scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average
+15 New 3 Day High on Friday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending October 2nd
-30 New 3 Month Low in August
+70 Total Score
INO.com's scores were always -90 to -100. It is now +70.
To Those New And To Whom It May Concern:
See post it note #5214 by Ack0605 (critical dates). There lies some caveat emptors. It will not be all smooth sailing.
The stock will rise nicely with Otcbb, press release w/r to that but dilution will return.
Wait till the Turnbull Note Due 12/31/10 Is Dispositioned Favorably.
Most likely cash on hand, note conversion to Jeff Turnbull and debt/equity financing to get the job done. Then explosion 2011. All Pro_cedes are going to the profits.
It should be noted Jeff Turnbull has a 400,000,000 share position. That says he's committed. A pop to .15 and he has $60 million.
The RSI has been hovering around mid 40's to mid 50's. It's definitely ok.
One last bit. Most of us long termers are averaged in 30's plus. I think Ack0605 is averaged in at .0037. You are getting a extreme bargain price. I'm averaged in at .00445 now.
USOG is a long term play. At least EOY2011.
Here's The Emotional Aspect i.e. Candlestick Analysis:
Per StockTA.com
Recent CandleStick Analysis
Very Bullish
Date Candle
Oct-01-2010 Bullish Engulfing
Sept-29-2010 Bullish Engulfing
Sept-28-2010 Hammer
Sept-27-2010 Bearish Engulfing