Replies to post #633 on UnionTown Energy Inc.(fka UTOG)

[KLee]

All we have is today's marketwire news that quotes the CEO stating this:

"UnionTown is taking the necessary steps to have its shares reinstated on the OTCBB. The company has prepared a 15C 2-11 and is finalizing its 10Q filing, which it intends to submit no later than end of day, June 16, 2011."

"The Company has been advised by legal counsel that, after the filing of the 10Q is completed by the company, market makers may file the 15C 2-11 with FINRA for approval, which should result in the company trading again on the OTCBB."

"This prospectus-type document will be reviewed by FINRA, the largest independent regulator for all securities firms doing business in the United States."

So I guess it comes down to if the paperwork gets filed by end of day TODAY, how long will it take the market makers to file it with FINRA, how long will it take FINRA to review and approve it? So I guess I am probably being way too optimistic that this will happen sooner rather than later as nothing that is attached to the government moves quickly.