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The_Pro

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The_Pro

Re: ack0605 post# 4921

Friday, 08/27/2010 11:06:28 AM

Friday, August 27, 2010 11:06:28 AM

Post# of 35087
The only income for USOG is (it seems):

The company is pursuing additional cash from the sale of convertible notes to existing shareholders as well as equity financing through investment banks and accredited investors to fund the remaining balance on the note to Jeff Turnbull and owners of United Oil. Once these notes are paid, the Company will have full access to the proceeds from operations.



How is it USOG can talk about gross profits or net profits if they have no access to any proceeds?
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