Just a theory but the problem could be that many of the pumps from the past stated that USOG had "little to no debt on the books" instead of being debt ridden. To USOG's defense any official filing that they put out said that the TB note was huge baggage and if they couldn't raise the money through the sale of stock the may be forced to default.
Well hopefully we find out what happened, so we know who's but to kick.
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