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wait until monday morning. we will be back to .0001 before 10:30 am
MGRN at .0002.....wait until 3:59:59 plus the fact it's Friday, I predict we go back to .0001 for close or soon after open on Monday. GLTA, go MGRN!!!
It's Friday, wait until 3:59:59 and we go back to .0001
GRBT the Stochastic Oscillator is registering a bullish signal as the %K line is above the %D. Go GRBT !!!
USOG said they will let sharelholders vote on the R/S. USOG also said that they may DECIDE to abandon the R/S. Here is the quote from the SEC forms they filed
So it is not when will they, it is IF they will. People can "speculate" all day. Only USOG knows if they will actually go through the R/S or not.
UNITED STATES OIL & GAS CORP
FORM PRE 14A
(Proxy Statement - Notice of Shareholders Meeting (preliminary))
stockholders will be asked to (i) elect three directors; (ii) approve an amendment to our Certificate of
Incorporation to affectuate a reverse split of our issued and outstanding shares of common stock at a ratio of 1-for-1,000, with any fractional shares that would otherwise be issuable as a result of the reverse stock split being rounded up to the nearest whole share; provided, that our Board of Directors may abandon or delay the reverse stock split in its sole discretion until the next annual meeting of stockholders to be held in 2012 and (B) reduce the authorized number of shares of Common Stock from five billion (5,000,000,000) to twenty million (20,000,000); and (iii) ratify the appointment of M&K CPAS, PLLC to serve as our independent registered public accounting firm for the year ending December
31, 2011.
In addition, stockholders will transact any other business that may properly come before the Annual Meeting.
Whether or not you plan to attend the Annual Meeting, it is important that your shares be represented and voted at the meeting and we urge you to vote as soon as possible. As an alternative to voting in person at the Annual Meeting, you may vote electronically over the Internet or by telephone, or if you receive a proxy card or voting instruction form in the mail, by mailing the completed proxy card or voting instruction
form. Timely voting by any of these methods will ensure your representation at the Annual Meeting.
We look forward to seeing you *
http://www.sec.gov/Archives/edgar/data/1439154/000118518511000987/usoilandgas-pre14a071111.htm
Since Alex took over, it's the 1st R/S. So depends on how you look at it I guess.
I see, it wanted my control number for my proxyvote profile. I found it. I will be voting NO to the R/S. Don't know if USOG needs shareholder approval or not, but I will be voting NO anyway. So if it happens I can complain. Anyone to lazy or too stupid to vote NO need to complain if and when the R/S comes. Hoping they decide to abandon the idea or at least see all the NO votes.
What if the shareholders vote NO on the R/S? What if USOG decides to abandon the R/S?
Does USOG need shareholder approval before they can do a R/S? Wouldn't that suck if everyone dumped their shares in "anticipation" of a R/S and then USOG decides that they will NOT proceed with the reverse split? That would REALLY stink. Before I jump ship with everyone else, I have some thinking to do.
Agree with you 100%. We need NEWS!
Anyone know USOG control number? We can go here and use our proxy vote to vote NO on the R/S.
https://east-online.proxyvote.com/pv/web.do
I like mustard.....looks like i'll be using my proxy vote and voting on the Internet. I encourage other shareholders to do the same and to VOTE NO on the R/S.
They are looking for shareholders to
approve an amendment to our Certificate of Incorporation to affectuate a reverse split of our issued and outstanding shares of common stock at a ratio of 1-for-1,000, with any fractional shares that would otherwise be issuable as a result of the reverse stock split being rounded up to the nearest whole share; provided, that our Board of Directors may abandon or delay the reverse stock split in its sole discretion until the next annual meeting of stockholders to be held in 2012 and (B) reduce the authorized number of shares of Common Stock from five billion (5,000,000,000) to twenty million (20,000,000); and (iii) ratify the appointment of M&K CPAS, PLLC to serve as our independent registered public accounting firm for the year ending December 31, 2011.
In addition, stockholders will transact any other business that may properly come before the Annual Meeting.
Whether or not you plan to attend the Annual Meeting, it is important that your shares be represented and voted at the meeting and we urge you to vote as soon as possible. As an alternative to voting in person at the Annual Meeting, you may vote electronically over the Internet or by telephone, or if you receive a proxy card or voting instruction form in the mail, by mailing the completed proxy card or voting instruction form. Timely voting by any of these methods will ensure your representation at the Annual Meeting.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8037984
Where is news or a link that USOG has plans to doing this? Stop posting non-sense. There is no legitimate link that shows this as being a TRUE statement. So because someone on iHub says they "THINK" USOG "may" do a r/s you chime in and ask if FINRA is going to approve it? Now you're just posting non-sense. Show me a link where this is going to happen and I'll eat my hat.
I "hope" so too.
But we are still above the DAILY volume which is good. I didn't say we were above YESTERDAY'S volume. Do you need some reading glasses? LOL. Go MGRN, to da moon!!!
My point?
I wasn't trying to make a point, just trying to be optimistic.
Read between the lines folks.....
The R/M may not happen at all. All news I can find says TSNP "discussions" of a reverse merger with inPlay, not a done deal or anything signed or finialized.
Companies evaluate and "DISCUSS" things ALL THE TIME. Doesn't mean they never fall through. Discussions of some new widget invention they "may" invent, discussions on a "possible" patent, discussions on increasing revenue, discussions on future aquisitions and partnerships, ect.
Discussions are just that, DISCUSSIONS.
http://www.marketwire.com/press-release/tesoro-enterprises-inc-announces-initial-discussions-regarding-reverse-merger-with-inplays-pinksheets-tsnp-1535698.htm
At least we'e above the daily avg vol today! LOL They avg daily vol is around 1.4MIL, we're past 3 MIL now today.
At least we're over the daily VOL of 3.9 MIL. MGRN is currently at almost 11 MIL in VOL today alone. Not bad for a 1 day VOL.
More on Andrew Barwicki...
http://www.inplays.com/company.html
Does this answer your question?...........
Transcript at the very bottom of an e-mail I received this morning from a stock alert website...
Please be advised that PennyStockAlley.com has been paid $1000,000 by Roamata to perform promotional and advertising services for a one month profile of Cardio Infrared Technologies Inc
MGRN listed as BUY on.....
http://www.barchart.com/quotes/stocks/MGRN
Did I say that? I don't think so.
...feel better soon BT.....and don't neglect the Vitamin B6, B12 too. A Super B Complex daily vitamin is best as it also includes mega dose of B6 and B12, as well as vitamin C and Zinc. Go USOG!!!
OK, what the hell caused USOG to JUMP 45% just now???
OK, what the hell caused USOG to JUMP 45% just now???
Never said this was a shell. Furthermore, I'm sorry to correct you, BUT...a reverse takeover and reverse merger are synonymous in terms.
A back door listing, sometimes referred to as a reverse takeover, reverse merger, or reverse IPO, occurs when a privately-held company that may not qualify for the public offering process purchases a publicly-traded company.
By undertaking a back door listing, the privately-held company avoids the public offering process and gains automatic inclusion on a stock exchange. Following the acquisition, the acquirer may merge both companies' operations or, alternatively, create a shell corporation that allows the two companies to continue operations independent of each other.
Although rare, a private company sometimes will engage in a back door listing simply to avoid the time and expense of engaging in an initial public offering (IPO). For example, Archipelago Holdings acquired the New York Stock Exchange (NYSE) via a back door listing in 2006. A back door listing usually indicates significant weakness in the acquired company and serves as a warning sign for investors to be wary.
http://www.investopedia.com/ask/answers/08/back-door-listing.asp
Regarding a reverse merger...........................
In a reverse takeover, shareholders of the private company purchase control of the public shell company and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks. If the shell is an SEC-registered company, the private company does not go through an expensive and time-consuming review with state and federal regulators because this process was completed beforehand with the public company. However, a comprehensive disclosure document containing audited financial statements and significant legal disclosures is required by the Securities Exchange Commission for reporting issuers. The disclosure is filed on Form 8-K and is filed immediately upon completion of the reverse merger transaction.
The transaction involves the private and shell company exchanging information on each other, negotiating the merger terms, and signing a share exchange agreement. At the closing, the shell company issues a substantial majority of its shares and board control to the shareholders of the private company. The private company's shareholders pay for the shell company by contributing their shares in the private company to the shell company that they now control. This share exchange and change of control completes the reverse takeover, transforming the formerly privately held company into a publicly held company.
Benefits
The advantages of public trading status include the possibility of commanding a higher price for a later offering of the company's securities. Going public through a reverse takeover allows a privately held company to become publicly held at a lesser cost, and with less stock dilution than through an initial public offering (IPO). While the process of going public and raising capital is combined in an IPO, in a reverse takeover, these two functions are separate. A company can go public without raising additional capital. Separating these two functions greatly simplifies the process.
In addition, a reverse takeover is less susceptible to market conditions. Conventional IPOs are risky for companies to undertake because the deal relies on market conditions, over which senior management has little control. If the market is off, the underwriter may pull the offering. The market also does not need to plunge wholesale. If a company in registration participates in an industry that's making unfavorable headlines, investors may shy away from the deal. In a reverse takeover, since the deal rests solely between those controlling the public and private companies, market conditions have little bearing on the situation.
The process for a conventional IPO can last for a year or more. When a company transitions from an entrepreneurial venture to a public company fit for outside ownership, how time is spent by strategic managers can be beneficial or detrimental. Time spent in meetings and drafting sessions related to an IPO can have a disastrous effect on the growth upon which the offering is predicated, and may even nullify it. In addition, during the many months it takes to put an IPO together, market conditions can deteriorate, making the completion of an IPO unfavorable. By contrast, a reverse takeover can be completed in as little as thirty days.
Drawbacks
Reverse takeovers always come with some history and some shareholders. Sometimes this history can be bad and manifest itself in the form of currently sloppy records, pending lawsuits and other unforeseen liabilities. Additionally, these shells may sometimes come with angry or deceitful shareholders who are anxious to "dump" their stock at the first chance they get.
One way the acquiring or surviving company can safeguard against the "dump" after the takeover is consummated, is by requiring a lockup on the shares owned by the group they are purchasing the public shell from.
Other shareholders that have held stock as investors in the company being acquired pose no threat in a dump scenario because the number of shares they hold is not significant and, unfortunately for them, they are likely to have the number of shares they own reduced by a reverse stock split that is not an uncommon part of a reverse takeover.
On June 9, 2011, the United States Securities and Exchange Commission issued an investor bulletin cautioning investors about investing in reverse mergers, stating that they may be prone to fraud and other abuses.[1] [2]
Reverse mergers may have other drawbacks.
Private-company CEO's may be naive and inexperienced in the world of publicly traded companies unless they have past experience as an officer or director of a public company. In additon. reverse merger transactions only introduce liquidity to a previously private stock if there is bona fide public interest in the company. A comprehensive investor relations and investor marketing program may be an indirect cost of a reverse merger.
http://en.wikipedia.org/wiki/Reverse_takeover
TSNP impressive VOL today
MGRN #1 on iHub breakout board and also listed on iHub ticker buzz cloud may see .0003 soon, imo
MGRN on ticker buzz cloud: http://investorshub.advfn.com/boards/tcloud2.aspx
MGRN is #1 on breakout board: http://investorshub.advfn.com/boards/hotboardsrelative.aspx
MGRN - Thanks 567tbd
Anyone have real-time L2 data for MGRN? Would love to see how the cards are stacked today.
Maybe so, but I live by 1 rule, "pigs get slaughtered". I have enough shares at .0001 and need to "take some off the table". I expect there are others in the same boat. I have my sell order set at .0002, just sitting back and waiting for a buyer, no pressure, no emotions. Feels good.
GLTY on those 3s. Go MGRN!
Yes, please, buy my 2's, who wants them? LOL
I know. Also notice it doesn't say by WHOM they were compensated the $10k from either. So does the SEC frown upon "paid promos"? If so, my guess is USOG is just the first of MANY pinky stocks that will come under scrutiny by the big bad SEC. Go USOG!!
USOG on weekly TOP 10!!!
Guess the SEC will be shutting this site down too for promoting USOG?
IWEB And Cloud Computing Heads The Stock Wizards Weekly Top 10
by ADMIN on JULY 1, 2011
The StockWizards.net top 10 stocks for the week include: IWEB, EIGH, RPPR, QASP, ENTI, HLNT, SFMI, USOG, ZVTK, and KATX.
8- (OTC) USOG: Sub-Penny stocks have been red hot lately and here is another example of a very nice chart setting up. On a technical basis USOG is ready to break its 50-day moving average. Most traders have experience when a stock breaks above its 50-day moving average. The stock is coming off very oversold conditions. Major support is (.001) cents.
http://cloudcompaniesreview.com/2011/07/01/iweb-and-cloud-computing-heads-the-stock-wizards-weekly-top-10/
USOG is listed on the "tag cloud". Wonder if the SEC is watching the website? Maybe the SEC will shut the website down for wrongly promoting USOG on it's tag cloud. LOL
http://www.pennystockcircle.com/#tagcloud
It's been a week since the last news. Sure would be nice to get a PR from Alex and the gang today. that would make for a nice weekend!
"Class action million dollar lawsuits" to stop naked short selling and market manipulation? Hmmmm, we'll see. Educating audio clip. Thanks for posting PS.