United States Oil and Gas Corp (fka USOG)

[learjetman]

The mood amongst most of the longs here is that USOG has been unfairly caught up in an SEC sweep to teach other OTC traded companies to watch what they say in PR's and promo's. Crimi cited an instance of restating Q1 2010 earnings without following it with a press release, Hardly a suspendable event in my book. Some here say 99% of OTC stocks are scams, and most are. Does anyone one here think that USOG concocted this elaborate scam from the start? The uplisting, the transparency, audited financials. Not one of the company PR's were very flashy, most of them just the dull facts. This is my first endeavor in the OTC market, and wouldn't have selected USOG had it not been for the transparency. It was risky going in from the start because of the debt and their ability to pay it off, but it was a risk I took. Certainly didn't bet the farm. But I definately did not expect to be shut down because of shady dealings and unethical behavior. Who here thinks it was a scam, or just a black eye that we will never overcome??