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Response from the company to my email inquire from this morning for what it's worth.
Dear Sir,
Thank you for your email. Here is a brief update of our work at UnionTown Energy Inc.
With regard to our drilling operations at our New Miami Property in Montana, we are expecting to have an update out later this week or next on installation of the oil pump and initialization of oil production. We are not sure about the numbers we may release given the competitive nature of the area in which we are located, but we are hoping to provide our shareholders with some sense of the flow rate once this too has been determined and verified.
With regard to our re-listing back to the Over-The-Counter Bulletin Board, our sponsoring Market Maker is still going through the task of substantiating all of the claims made in our releases from January 1 2011 to present as requested verbally by FINRA. This is part of the 15C 2-11 process for relisting back to the Over-The-Counter Bulletin Board exchange. When the Company spoke this week to the lawyer for the Market Maker, it was mentioned that they were waiting on two confirmations from third party sources overseas and would be chasing them down this week. This is a process that includes a lot of due diligence and is designed to protect the investment community. We are confident that we will succeed in our re-listing.
Do you have some kind of confirmation the rig has arrived? Last communication for the company was Oct 4th and stated the rig was expected to arrive that week.
Interesting.
What was the source of the email?
I will concede your point in that instance. However I do not beleive any amount of pump is going to do anything for this stock at this point while on the grey.
UnionTown Energy Inc. (UTOG) Expects Service Rig to Arrive This Week at New Miami Property to Install Oil Pump on #42-20H Well
They sure seem to be working awfully hard for a P&D scam company.
I just got off the phone with FINRA and the file on UTOG is still open so no determination has been made as of yet.
is this JYO or do you have something factual to back it up?
Really it doesnt matter what you set the sell price at, like he said it will be cancelled when the symbol change happens.
Well and I was seriously interested in his opinion if there had been sound reasoning to back it up. Figured there was maybe something I had overlooked. Anybody can make a statement then tell you to look it up on the internet for yourself. That should tell you all you need to know right there.
That's a very informative answer. The reason I even ask is because your position is in direct conflict with what the company is reporting about the New Miami property. I can only assume their opinion is based on information collected at the site itself I was just wondering what your opinion was based on.
Just curious, what are you basing this on?
Not yet, it's just listed as Pink Limited for now.
I called FINRA today just for the heck of it but of course all they would tell me is they had an open file.
Anybody still holding at EOD is going to be sorry. IMO.
Is that you Mr. Edwards?
Sorry left work after my last post, it's cool. I will say on the postive side as well (I have not made a decision to buy yet) that I've seen several post say SLMU has no money to make a bid on any projects. With the same people running both company's I dont really see that as being an issue do you?
I don't need you to do anything, I was under the impression these were discussion boards. I saw something in the two PR's I felt should be brought up as it pertained to the stock. I haven’t been doing this very long but I guess I have been using these boards incorrectly all this time.
That would be nice however that was not my point, the original PR states
Not only is it not a GM PR it's a hacked up version of the original release.
I'm not saying your wrong, there are too many unknowns. However 2/3 of the 2/3 loss took place after the suspension. Would that have happened if the stock had not been suspended? With the news of oil would it have gone up? If UTOG is put back on the OTC does that mean it was a bogus suspension? If it gets back I would say the SEC, intentionally or not manipulated the price. All I'm saying is I think your claim to fame may be a bit premature at this point.
I'm not really sure how you can claim to be right? For two months prior to the suspension UTOG traded with good volume between 1.50 and 1.90. Nobody can say what this stock would have done after June 1st if it had stayed on the OCTBB when they started drilling and hitting oil.
Ok who bought 1.35 worth of stock?
It's an exact duplicate of the news released on 6/23/2011 so not sure what Scottrade is doing but it's old news.
Notice from who? Yes 1A-10 was the first well and 2A-10 is the second well that was started last week.
IDK I could not access it at all. Sorry should have been more specific.
Knox, try to access the Gate Tech management team web page.
http://gatetechnologies.com
Just putting this out there, as of May 27 AGEL had no Chairman of the Board of Directors b/c Vince rersigned. Steve was the Chairman of the BOD prior to Vince. Could Steve jump back into that vacant role of Chairman?
Gate did not buy AGEL they bought AIA.
If I were brave and smart enough to take advantage of all this up and down I could have made my money back plus some by now. This is better than a ride at Disney World!
UnionTown Energy Inc. (UTOG) Starts Drilling Program on Teton River Property
Wooo hoooo!!!!
I for one am not convinced I will EVER make my money back on this stock to be honest. It's the very first stock I purchased as I have only been doing this for a few months. I'm taking it as a learning experience however, forgive me if I question your interest in a stock you have no interest in, that's all
KLee, feel free to delete if you feel this to be inappropriate or off topic.
Actually if you have no position in UTOG and are simply here to bash it then I would say it's right on topic. If your here simply to defend the SEC then your being on this board is off topic.
Wait, I'm confused. Whose website is under construction? The Angel Acquisition Corp website is up and looks the same as it always has.
http://angelacquisitions.com/
It was a nice thought anyway!
Either way it doesn't really matter, I'm going to ride it until it's worthless or I can make a profit.
So they just happen to hit oil the same day the stock starts trading again? Hmmmmmm. Don't get me wrong I'm holding shares and would love nothing more than to make some money off them but.....
Well look at that, SUF is now SLPH on the OTC.