U.S. Energy Corp. (USEG)

[LouisDesyjr]

Paying themselves? Probably yes

It does look like they are trying to divert company funds to themselves. One of the directors is an owner in the LLC that they are buying the interest in.

8K report of Sept 20, 2016:
http://ih.advfn.com/p.php?pid=nmona&article=72484915

Thomas Bandy, a member of the Board of Directors of the Company, has an ownership interest in IronHorse.

Ironhorse is Ironhorse Resources LLC and incorporated in Colorado.
It looks like only the registered agent is on the incorporation forms and any state reports. I think that was done to try to hide the fact that the USEG director is probably 100% owner of Ironhorse Resources LLC and using Ironhorse Resources to take money out of the company for himself.

Louis J. Desy Jr.