United States Oil and Gas Corp (fka USOG)

[Activist_1]

The difference is I'm posting on here to keep you updated on what I'm actually doing. I'm not just venting like so many.

Alex has earned about $90k a year for the past 3 years as a salary, plus he was paid on an agreement between the company and his staffing firm, which ended in 2009. Since 2009, the company's stock price has declined from $.17 to $.0015, a 99% loss in value from dilution of shareholders.

Whack job or not, I can still read financial statement and I have the background to support my thesis.

The fact is clear, the company's management is living in a fantasy world if they think they can raise $6m, twice it's market cap, of fresh cash. If plan A, raise money via the private place fails, what's plan B?

Honestly, I think you should be calling management Whack Jobs if they aren't thinking of alternatives.

The operations are improving but I believe the hole is dug too deep to climb out. I feel a restructuring is in order. Otherwise, sell the portfolio of companies and start fresh. Or default and return ownership to Turnbull and the Werner's. Or declare bankruptcy, and that will lead to a restructuring. The options in this situation are few.

Do you have a solution or do you want to sit there and call me a whack job? BTW, how many shares do you own?