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In early December AAPL crashed from 19.75 down to around 111. A recent news story that
I got on my iPhone reported that a hedge fund placed a large limit order to take some profit.
A floor trader made a mistake thinking it was a market order causing the stock to crash.
This is terrible and I hope the hedge fund is suing the stock exchange.
UTOG had a very high volume day with 167,000 shares traded at .001. This looks good
and may lead to a break out to .004 like it has done in the past. What is needed is for
a big investor to come in and get wells drilled on the other land held by UTOG. This
would develop much more oil than the weak wells they have now.
How are you going to recover anything? What is the value of the assets they actually own? I just saw a 2011 report of their assets. It was in the millions at that time. They lost some land due to missed payments on it. Last reported they were making a small amount of money on the oil being produced.
I am also losing more than 10K and there is no recovery in site. They need a million dollars to get anything turned around.
How low can this stock go next to zero. How can there still be 14,000 short interest. They should all be covering now. Would have made a lot of money shoring this stock the moment it got delisted.
Was asleep at the switch. My 9,000 shares is now worth $18.00, a complete loss. Looks like there is no hope of recovery.
The message board has disappeared and I had to find it separately on the Internet. The last couple days Advfn has been show the stock to trade at .01 for a couple days. But here it shows a gain of .002
with the correct trading at .007. No news on the stock at Advfn nor on UTOG.s website. It
looks like they failed at their attempts to get things on the road to success.
Bruce
Count me in also. I hope we can together make progress.
I will never give up either. I very much hope that the company is able to get some money to get new oil wells going as they declared in the December newsletter.
As the December newsletter stated, if they don't come up with a solution by April this company is finished. They will lose all their land holdings, a total loss.
10,000 shares traded today at .005. Looks like this stock is indeed going into oblivion. That only generated $55.00. They should have taken their loss in December to claim the loss in this years taxes.
That news story that Marlonbrando posted appears on the UTOG website as December News. I wonder why it is not posted on the news for the stock appearing here. It is the most recent news and should be posted here.
There has been no news now for three months. And now surprisingly the stock has fallen to one cent a share for a few minutes. This is unbelievable. I never thought such a thing would occur. We need to get some news about their oil drilling for new wells and ongoing production. Also what has happened with the company that they own 48% of and their plans to get listed. They gave up nearly all of their land holdings for this take over deal. They should have 48% of the income from the partially merged company.
I bought first 5,000 shares and a bit later another 4,000 shares when the stock was at $2.60 on a recommendation that the stock was going to go to $8. The crash came after that. My 2,500 shares of a gold stock is slowly creeping up. I am selling it as it goes up to pay off a remaining $11,380 of credit debt. I hopefully will have an extra $8,000 to kick around. I hope to increase my holdings in this stock to 100,000 shares. Then I can really make money if the stock takes off. Ii am at a $11,600
loss postion now.
What would be really important is the quarterly report. We need to see what kind of income they have
earned so far. They told us that they would comply with the Security and Exchange rules. This would really give value to the stock. We would be no longer trading in the penny market and we could recover some of our lost money.
UTOG gave up on relisting when they decided not to post their quarterly report.
The only Canadian stock exchange I have ever used is the Toronto Exchange: www.tmx.com/ - Canada. It is also known as the TSX Venture. I watch my gold stock there which is also listed on the OTC.
The $300,000 from the private investor is really going to help things out. Plus UTOG will get additional financing with the new listing on the Frankfurt Exchange. They mention it will be like a new IPO. We could see some good action there. My imagination is running wild. I hope it is all good news next week.
I also own a Canadian gold stock that is also listed on the U.S. OTC.
The OTC share price just about always matches the Canadian share price. So when UTOG gets listed on a foreign exchange, perhaps the U.S. price will jump up to match the foreign share price.
Thank you for the informative email. Hoping for good news in two weeks. If the stock is listed on a foreign exchange, how can we buy and sell the stock. Do U.S. brokers have a way to do this?
In the last quarterly report, it showed the company had $328,000 cash.
If they are desperate for more money for drilling supplies and keeping financial commitments, they could always sell some of the land. So this problem of raising money by selling stock when is worth hardly anything should not be a problem. The idea to get a better stock price on the European markets is a good idea to raise more capital if it is successful. I wonder how current U.S. shareholders will be affected.
Thank ou for this news story. This restores confidence to many of us who have seen this stock fall off a cliff. Didn't think the stock would drop below .25 but it sure did.
Maybe there a suspension in trading today because RE-LIST is in progress. This would be wonderful to have this finally take place.
The October 31st quarterly report will not show earnings. As they just shipped oil now. So earnings will start now with the sale of this oil shipment. Hopefully they will get money to drill more wells.
Then we will really be rolling.
I just read the quotes you were referring to in the quarterly report of July 31, 2011. However on October 31st UTOG reported that they were pumping oil on New Miami. July 31st and before there was any revenue and things could be seen in a dim light and thus all the dire predictions. The picture has changed with the discovery of oil on more than one oil drilling. Now the latest thing floating around here is that actually no oil is being pumped. We will have to see the truth in that. Where are the facts?
Where did these quotes come from? There have been no such statements in the news like this since early June. I found out that Ameritrade lists more news stories than Investors Hub does, but nothing there reports this either. If this is true investors would be dumping this stock like what is going on now. It would be a terrible risk.
I once owned a stock that had a wonderful Aids program that got approved for distribution in Africa. However one of their main devices was to be made in China. They fell short of financing for the
development in China so it was stopped. In their quarterly report they gave many probable causes for the failure of the company. I was very lucky to get out of the stock with a small loss.
After UTOG got delisted I bought more shares at a lower price but my average is still high at %1.28 a share. I have a large GTC order in at $.12. It could well go off next year. If that goes off my average price will be $.57. A much better deal.
$50 You're dreaming. I would be nice if it just went to $10 a share and maybe later on in the $20 $30 range. That might take 5 years or so when they get a lot more wells up and running.
Hats off to bruce4653 for taking such beneficial action for the stockholders. This six month delay in allowing UTOG to be relisted is harming the investors in this stock with terrific losses. Actually the stock is now ranging at 15% to 17% of its value before the delisting when it was at 1.51. So this is a 83% to 85% reduction in value. Threatening them with action from our Senators and Congressmen is the right action if they fail to proceed properly.
THANK YOU for this post. I went to FINRA's website and read up on them and found their contact address. I have now made plans to write them a letter about our delay in getting UTOG re-listed. Why is it taking more than six months and that many of us are suffering with huge losses.
When I made my last post, I was thinking about the time a month or so ago that gas was $3.90 + in San Mateo on the San Francisco peninsula.
It now costs $50 for a tank of gas when awhile back you could get a tank for $35. Oil commodity price right now is around $97 a barrel While the gas commodity price has been falling from $2.73 to $2.60 in only one week.
The one question on re-listing that I saw was about foreign info. This could only be about the back round claims of Butterfield as UTOG has no foreign interests.
The oil commodity price for oil is now at the highest level in three months. It is now at $98.89 while the gas commodity price has gone the opposite direction, down. On November 9th the gas price was $2.73 and now it has dropped to $$2.60. At the local Arco station here in San Mateo on the San Francisco peninsula it is selling for $2.69 a gallon. You would not imagine this to be the case with the oil price so high. On previous occasions when oil was this high, gas was selling for $3.30 or more a gallon.
I don't know that much about the oil pumping rate for other companies; so I have no idea. With shale oil I imagine it is lower. Probably about half or less. We will have to see. Hope the news comes out soon.
In an email from UTOG they stated that after 10 days of oil flow there should be stabilization and they would be able to give us a PR about the oil flow rate. It has now been slightly more than ten days now and no news. I would hope to hear something early next week. Once we know this we can calculate the rate per day and how much income they are generating from only one well.
I don't like this word preliminary. It sounds like they have ignored the stock and are just beginning to do something. This word is only used when you are starting a process. It looks like we won't get any action until after Thanksgiving at this point. I am tired of waiting so long.
I use ADVFN to monitor my stocks before I use my trading company. Just now they are showing the short interest. The short interest on UTOG is just under 90,000 shares. These guys are going to have to scramble when the stock gets re-listed. This will really push the stock up.
This is a very hopeful post. I sure hope it will be true. I have waited long enough for UTOG to get re-listed. I am currently showing a big loss for this stock. I have averaged out at a lower price and should brake even a lot below my original purchase priced. I am sure we have all done this.
I say YEA to this post. It could well be a jewel in the future. On this board I saw a post that the FINRA was examining foreign interests. This could only be a background check on Butterfield's credentials. His claims to foreign oil development. I hope that is the last thing they want to look at. Four month's, since June, is a long time to be de-listed.
The first notice I got about UTOG was in an email on May 10, 2011. It was from ???American Energy Report and it told that last week UTOG had purchased oil reserve land that increased its holdings 10 fold from 12 to 132 million barrels of potential oil. It showed analyst's predictions that the stock could go to $8 a share in the near future. I decided to buy the stock then when it was at $1.51 a share. I bought 5,000 shares and later bought 4,000 more when it went down to .51 a share after de-listing. Would like to buy more now but I am out of money being fully retired and living off a pension and social security with big bills such as mortgage, etc.
Well the big news has come out. UTOG is now pumping oil. In ten days we will know how much. The next thing is how they are going to move it to a refinery and how much dinero will they be able to get for it. Will it be in barrels on a truck on a dirt road to a railroad facility where there are oil tank cars?
Also UTOG has drilled three other wells on which oil has been found. Two are on the Teton property and one more on the Miami property. Perhaps when they get some income from this well they will have enough money to get pumps for drawing oil out of those wells. There has been no further mention of this since the initial reports about these findings.
Last week there was a post here with info from the company that there would be news late last week or this week about the pump being installed and oil production underway. I am getting upset to see that there is no news yet. This stock has been de-listed for about three months now. This is terrible. The FINRA should have had plenty of time to do their homework. This has been a long drawn out process. It's just taking too long.
You ask is something going on? Yes there is. Friday night a stock buy sell recommend subscription service put a big buy recommendation on this stock because of insider buying, especially by one person who has even bought it in the range of .05 to .13 levels for a total investment of around 500,000 shares so far.
He stated that when the FDA approves the treatment created by Amarillo gets approved the stock will take off tremendously. I am trying to get out of a stock that for several days has no trading to get into AMAR.
THANK YOU for this email information. It gives us insight to the lengthy process for re-listing in that they want all releases from January 1st substantiated. Exciting news about the drilling operations is to come out soon. YEA!!!
That week ended October 7th and it has now been 11 days since then with no word. Some posts here state that the company does not want to post other news here until the stock gets re-listed. But this would be big news. It's something I very much look forward to as it should boost the price of the stock. Lets get out the the doldrums and get action.