Regardless, I will not get too excited until a definitive press release containing factual information instead of projections is released. I have seen way too many wishfull "news" releases in over two years and none came to fruition.
My opinions on USBO are as follows:
- I think this company is for real. If it was a scam, we would have seen a much higher authorized share count in the billions instead of the current 35 million or so. There would have been millions of shares traded daily and a sub-zero share price. They would have then initiated a reverse stock split, bought and/or merged with another shell company, changed their tickerand name and start all over again. This scenario is happening right now in penny-land many times over.
I was going to rave about why they did not release any financials until I checked in pinksheets.com. They released the financials on December 6th and 8th! They released the 2005 year end figures and a separate statement for Q1, Q2 and Q3 of 2006 as promised! Way to go! They are now in compliance again with the pinksheets.
To all concerned: check out the financials, let's re-group and provide any opinions!!
Thanks.
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