They don't appear to have any real revenue or profitability that will allow them to pay the promissory notes. Best case, Turnbull, United and USOG split and go their separate ways and you cut your losses. It's a harsh reality but if you read the 10-k and 10-q, there is a lot of fluff. Turnbull is doing well, United is improving - I would love to own those businesses. That's not what you really own with USOG. They don't own those businesses outright until they pay the promissory notes and I just don't see a viable way to do it without killing the current shareholders.
I've offered my suggestions but I'm done talking to the company and my only advice to anyone still holding, it's trading at .0012/.0013, that is still more than 0. Any additional capital raised will only dilution you further. There is a difference between a cheap stock and a low priced stock. USOG is the latter.
Sorry to all those that have losses.
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