UnionTown Energy Inc.(fka UTOG)

[dirtdog]

It is nice to hear from people that have the correct view point.Not some pie in the sky view.I also agree that most holders won't sell because -90% is close enough to zero as a 100% loss.Today with news out yesterday it should of caused a bump in share price but it hit a new 52 week low of 11 pennies.I believe this shows that the investors are smart enough to read between the lines and see that no real info released again,and that there is no money,no oil production and no new investors.Management is thinking of ways to save their jobs.The wells that need to be drilled to hold onto leases by Sept aren't the cheap 3,000 foot wells of the past but multi-million dollar deep wells.Also the oil production is deeper than the gas and no one wants gas.Best of luck,but a giant reverse split is comming.JMO