Replies to post #30648 on United States Oil and Gas Corp (fka USOG)

[Penny_Slayer]

A whole lotta "Ifs"" in your Synopsis.
If "If" was a fifth, we'd all be drunk.


PS

[100Pips]

The only thing is Turnbull can't just decide to convert his debt to shares. He can sue for his company back and potentially put USOG in bankruptcy, but he wont be able to take over the whole company unless there is a new agreement. He can only sue for the amount of money owed he can't take everything. There is a stipulation that he can own only a certain portion of the O/S. I think it is 10% but I am not sure.

At this point it would not surprise me to see USOG go bye bye, but neither would it surprise me to see Turnbull agree to take a higher position with more control, maybe he could shake up management if the majority stockholders like his terms. Something got to happen, I am tired of waiting.

[12thman]

Mr. Turnbull knows and support the long term growth plan for USOG and over a year ago he told me he was very impressed with USOG management, and that was before USOG was even fully reporting. We've come along way and imo smart money is loading before the next aquisition, 30-1 reverse split(Alex now owns a nice even million), AMEX uplist all in one PR is released. At least that's how I see it going down. It could be one at a time based on the speed USOG moves, lol.