United States Oil and Gas Corp (fka USOG)

[getthebucks]

oh ya, no doubt BT...I think to those of us that have been following and invested in this stock can see the plan and how it will unfold. I believe that is implied. I think it may run up to pennyland but will retreat and settle into .004-.0075 or 008 range until TB is paid. Looking at the balance sheet it just glares at you. debt to ??? ratio's are poor and I think keeping the pps down. ack thought around 25 million for fy2010...some have spec'd higher. if it comes in closer to 30 that would be big. either way i don't see a huge SUSTAINABLE low penny run until debt ratio's improve and more of their plan is unveiled. In this environment they have done well as Alex mentioned. But growth is quite difficult right now. I haven't seen the biz environment this bad since Carter was in office. Very anti-biz then also. Too much uncertainty. Whether one like's Obama or not, business will be a lot better off if he was voted out in '12 imo. Pro biz capitalist is what we need for a long term sustainable recovery. At least interest rates aren't where they were when Carter was in...prime was over 15% if I recall....USOG has excellent potential and I have stopped watching it daily...I sold off 3 million shares when it ran to 031 and am holding over 5 million. I believe that there will most definitely be a R/S to get pps up so they can uplist to AMEX and start selling those 3 billion authorized last July and then make major acquisitions that could send this stock into high dollar land in the next 3-5 years. This could be real big...GO USOG