the card i received from usog today states they want to reduce the number of shares from 5,000,000,000 to 20,000,000. i know, i know, been a hot topic ever since the announcement.
so your .0004 pps goes to .40 cents??? wow, makes me want to buy more, particularly as they sit on the greys. if this split goes through it's the last nail imo. soon those 20,000,000 are worth less than a dime, then the board re-authorizes ANOTHER 2 or 3 billion shares and floods the market further reducing the pps and usog stock comes full circle back to triple zeroville again.
only way imo that this is averted is private money comes in right now, today, this week, this month and pays off TB/United. maybe, just maybe usog survives if they use TB revenues to buy back shares, not reduce thru r/s. this is a mess and i really don't see how these guys are going to dig out. the biggest obstacle right now is being branded 'caveat emptor'. no serious investor buys shares in a company with that label.
it's 4th down and a mile to go with 5 seconds on the clock.
hope it comes back. big week this week for usog.
