....But askjsell was actually right. Go figure a paid basher was right the only he reason why he was right is because management was NOT true to their word, not because of his DD on the company. Common now he gave no evidence period, look up the PR titled: "US Energy Initiatives Corp. to Become Fully a Reporting Entity With Intent to List on New Exchange". Then call the investors relation number. I called and spoke to Anthony Miller, he stated they have not finished with the re-auditing of their financials; its taking so long because they have to audit 10% of every transaction along with meetings with the auditors and other BS. Also, he confirmed the Singular 96 deal DID NOT GO THROUGH, that's why they stopped doing PR on it. He said something about ethanol and it not being profitable. My thing is they gave no PR stating that info; THAT IS A CLEAR VIOLATION OF THE SEC FAIR DISCLOSURE REGULATION. That is any info upon discover that will affect a stock price must be released in a 8K form 48 hours upon discover. I exited my position with 87% profit. GLTA
I appreciate your honesty. I am not a paid basher, I just report on the obvious. This company has a history of glorious and wonderful press releases, but they have completed failed to deliver on just about everything. Regarding Singular 96, there was a rally in the stock price (when the deal was announced less than 2 years ago), but never did management issue a release stating the $150 million deal did not happen. The same happened with the Thai bus deal.
So, how can you trust this company? None of the MJ deals contain any details...all are vague. If you ignore the flash of the headline, you will find these press releases contain very little information.
Yesterday, USEI had a seemingly positive press release, yet the stock sold off.....this indicates, the Street is getting wary of USEI and a bit tired of flashy headlines, that have very little substance.