matt
heard anyhing about USOP doing a placing of more shares?
No I've not heard that, it wouldn't make sense as they have already stated they're fully funded for EB#2 and the current workover program on EB#1, the pathetic amount they issued in the last placement (284k shares @ $1.75M
http://www.usoil.us/?q=node/207 ) is because unlike most other shares the CEO holds an absolute mountain load of them and pays himself a very modest income, what's best for shareholders is best for him.
The SP is currently being walked down due to a combination of manipulation, people over leveraging themselves with T20s on a spike (~£6.50) and being forced to sell (many got out T20s at AGM or the day after, these expire this week) and a dip in news, the irony being of course that a game changing RNS could be round the corner, at the AGM the CEO said flow results before Oct, we shall see.
I have no idea if this will work out or not, but I see no other shares out there with the same potential upside, and after pouring in hours and hours of research I'm confident.
Disclaimer : All in my own opinion, do your own research etc.