Replies to post #13733 on United Energy Corp (UNRG)

[DWillie]

United Energy is Rigworx. Rigworx dissolved when it merged into United Energy, which was an empty shell company. They kept the United name. They inherited no assets from United from the merger. As far as what Rigworx brought with them, who knows? Nothing's been disclosed. I think they own some assets in OK and KS, but probably zero revs. If they close on their LOI for the west Texas wells, then they'll have something to work with.

[Full Contact Yoga]

Nope. Just dead shells. Sam Smith, Guinn, DiPrima, et al, rev it up annually to print paper, but, to date, none of the above have done any actual business in their lifetimes. But, they live to P and D, so might be worth a watch with the low float. Also, with Sam the Scam stepping down, it implies he wants to dump all he can without the need for timely disclosure.