Replies to post #12783 on United Energy Corp (UNRG)

[DWillie]

I've been aware of the funding drive since day one. But what does it matter? Rigworx no longer exists. All startups need funds. UNRG may very well issue shares to fund new acquisitions. In fact, I expect it. Should that worry me? Not if it increases shareholder equity. ie, makes money.

We'll find out soon whether those 150+ wells are United Energy's or Sam's personal stash, won't we? I'm inclined to think those were bought by the corp., not Sam.

[nybull29]

Did you sign up and read when this was dated? I think they may want to have the ability to not seek financing in the future, hence the merger. Anything that has to rely on weather to make money is rough because they make a ton of money when its nice but when a rainy season comes the bills pile up and bridge loans get pricey

"the company has three immediate objectives: 1.) rework existing inventory to maximize production, 2.) reduce and eliminate debt obligations, and 3.) Complete a reverse merge for listing.
It is anticipated these objectives can be fully achieved inside of 12 months.

Management consists of Operations Specialist, Attorneys, Accountants and other industry professionals.

Natural events have temporarily taken a toll on the business, however, going into the dry season it is anticipated the rework agenda can be executed and completed in short order with maximum production achievable in the next 90-120 days."