For a company only 4 years into existence they have made great strides to become profitable. Yes, they have used convertible debintures as a means to finance building the company. It takes money to make money. They continue to re open shut in wells and bring them back into production. While his valuations may be askewed, to say the company will remain unprofitable is an oversight on your part. While i am not a penny stock "believer", I am willing to give every company an equal chance to show me they can become profitable. UNGS fits my expectations. Debt is extremely low for a start up company. Revenues will be increasing this year.
If you are going to believe what the other guy said, let me sell you some stock.
